Tuesday, May 10, 2005

The Gold Rush

The swadeshis have something to be proud about.
A day sanctioned by pseudo-religious beliefs and let to commercialism
completely. If today doesn’t beat the pants-off of Valentines, then we can conclude that the world won't end soon.
If you live in India, you'll know what I am talking about...
No, its not cos of my mother's 50th birthday...which quite coincidentally falls on this very day, "HAPPY BIRTHDAY,AMMA" welcome to the GOLDEN years :)
Got a clue? May be even a couple of clues?

Today’s AKSHAYA TRITHIYAM, people. There is a central belief [no doubt, originated from an enterprising jeweler in the past] that buying gold this day is auspicious and is a mark of more of its kind on its way to the buyer [also known as sitting duck or sucker].
Today all the businessmen connected with Gold selling rake up untold riches.
Those that buy, do so out of any of 3 most common reasons:
a]Too much money,
b]Greed,
c]peer-pressure
All of the buyers lose good money on bad investment but seem quite oblivious to that apparent fact and actually enjoy the process!
Their experience is akin to going for a gruesome horror flick where you know it isn’t going to be anything tasteful or intelligent but you'd like your skin to crawl a bit anyway.

Category a] have people who have so much money that can't be accounted to them, that they have to buy something or the other; after all, its not very comfortable sleeping on stacks of currency for more than a fortnight-So why not buy ridiculously overpriced gold stuff on a day dedicated to gold buying? There is always a bonus of showing off to the neighbors.
There is no actual point in discussing these people, except with the central vigilance commission, the Aykar angels (the IRS of India) and last but not the least-The honest members of the Anti-corruption bureau [if those mythical people do exist].

Category b] consists of lazy, superstitious get-rich-quick schemers.
Typically lower middle class people who pool in sweat money and smilingly hand to over to the cunning gold merchants in the vain hope that just because of this [very foolish] act, it will rain gold-only for them and only through their roof/ceiling. You can find these people storing up a certain percentage of their monthly, paltry salary for the exclusive purpose of lottery ticket purchase. I have only this to say to them- The belief that Akshaya Trithiyam will bring riches is very true. But only for Gold Dealers...NOT YOU.
Please invest in bonds and your children's education.

Category c] is populated by the somewhat-rich and upper-middle-class. In short, the club of the well-educated and the worldly. These guys know that there isnt going to be any rains of gold coins; they haven’t got money to burn either...why the hell do they buy gold then??
Simple. They have to live up to the 'status' they have to maintain in their own well-educated heads. You see, their Category #A neighbors have purchased gold in lakhs, so it becomes mandatory for them to commit the same stupidity to the degree of tens of thousands, at least.

Gold is considered auspicious because it used to be the currency of the ancient times. That is no longer the case, so why do we lust for this shiny metal so much that there is very little left to differentiate between monkeys and men?
It’s high time we Indians give up our atavistic attachment to gold; the only other more atavistic tendency might lead swinging from one tree to the other and growing powerful tails.

Not like the rest of the world is any less crazy about Au [yes, I remember my chemistry].
From the scientists of the middle ages, the Alchemists, to our modern Da Vinci Code readers, the creation of Gold [from everything from lead to horse urine], the extraction [remember the phenomenon that has the same name as this post?] and the ultimate acquisition of it [consider the multitude of pristine Indian tribes slaughtered by the Spanish looking for the famed 'El Dorado'- the city of Gold?] has been actively pursued since forever and all the failures have only helped to increase the addiction to Gold, world-wide.

The US govt hoards gold bricks in Fort Knox for the day when all currencies collapse and we revert back to gold as the common denomination. If this dystopian vision of the US economic consultants converts to an actual prophecy for the future; that would be the time when the average Indian would be richer than his counterparts in any other country of
the world. Wondering if I put in the word 'dystopian' too hastily ? Then understand that the previous sentence would also mean that our service minded and non-mercenary jeweller-next-door [guys might exist along side the honest govt officials] will have a big power over the common people. That is never a good thing.

Personally, I see no reason to contribute to the wealth of any gold jeweler store owner for the straight forward reason that no member of theirs ever extended the courtesy to me and made me rich.

So on this day, I can only beseech God to turn his/her attention away from the sinners, the hoarders, the morons and the greedy fools, to concentrate on showering everything good and great on the lady who gave me the gift of life, which is better than all the gold- my very lovely, intelligent, hardworking, selfless and patient mother - VATSALA ...

If ever anyone deserves a personalized rain of gold, its you Ma.
I wish you many many more years of complete happiness.
*lump in my throat and the imminent tears of sentiment, prevent my furthering this post*
your Golden girl,
Rain

7 comments:

Houseowner said...

or use that money to buy an a/c?
sigh! suckers, all!
and i do hope ur mom reads ur blog. she's going to be proud of her daughter...

cheers!

Chez said...

Hey Rams,

you missed the fourth category.. the oblivious poor guy who buys out of wife-pressure.. :-)

seems everybody else's mom/dad reaches the golden age.. my dad celebrates it on may 15th..

Anonymous said...

Hey Ramya! Nice article, but just to let you know that some people buy gold as an investment too ;-)

Came across this neat article, check it out if u can -
http://www.goldeconomy.com/

And as is the season, its my mom's 50th bday in June :-D

-Sanjeev

Hartisan said...

Hey Ramya the article was pretty cool with indepth analysis of various types of people.

Even my mom remindes me every time when this Akshaya Thrithiya comes and that too only in recent years.I dont know if this day was made popular by western influence of mothers day fathers day, but yeah as a management person you should appreciate the marketing skills......

Rainbow said...

Hi All,
Been a gr8 while since I came to the comments section. Thanks for all the kind words, but lemme make one thing clear- I've decided to take up the Felix test for one last time in a notion to make it to the regular PGP course this time. So I am not exactly a 'management' person yet, but I hope to be one soon :)

Rainbow said...

Sistah,
Me no has any ac.
I mentioned what you said to my ma and she says you got her reaction exactly right :)
Yaay you!!

Rainbow said...

yo Anand,
Dya speak from experience or are you one of those misinformed bachelor guys?
BTw belated wishes to your father :)
A zillion thanks to Morph, Harini, GV, Hartisan