A very good analysis and timely warning to the
people who are crazy beyond imagination to invest in gold.How ever, the
analysis does not make any mention about our black money holders. where
they will go ? Real estate prices have also sky rocketed and there are
some checks and balances also as the Govt seems to be aware of the
diversion of funds to real estate and can contemplate some serious
action. Savings deposits are not attractive because of negative rate of
return thanks to persisting double digit inflation. It is ideal time for
the Govt to attract investments through Inflation Indexed bonds and tap
the savings including the black money.
Dr.T.V.Gopalakrishnan
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