Do gold ornaments serve any other purpose other than being symbols of wealth and vanity?

Precious Metals & StonesSocietyGeneral Topics

<p>The usage of Gold has been there for a long time in the society that nearly 175,000 tons of gold have been mined since the beginning of civilization. Of all the metals available, women have a much intense attachment towards Gold. Of all the world&rsquo;s current gold consumption, India imports one-quarter of the global supply. In Indian weddings, it is the quantity of gold jewelry worn by a bride that stands as a symbol of the opulence of the bride&rsquo;s family.</p><p><img src="" class="fr-fic fr-dib" width="600" height="417"></p><h2>Anything Else?</h2><ul class="list"><li><p>Buying Gold is mostly considered as an act of investment. Gold jewelry can serve the dual purpose of being ornamental and a financial asset. Gold loans are often taken to serve the emergency financial needs.</p></li><li><p>Along with adding some financial value, Gold brings a sense of security and satisfaction to the family. Possession of gold or gold ornaments is believed to bring good luck.</p></li><li><p>Gold also offers an emotional attachment throughout the family hierarchy as the traditional gold jewelry is often passed on to the next generations as a carrier of ancestral memories and identity.</p></li></ul><p><img src="" class="fr-fic fr-dib" width="600" height="400"></p><ul class="list"><li><p>Gifting gold ornaments passes on the blessings of affluence and speaks of the generosity and affection of the person gifting it.</p></li><li><p>In the case of prodigal and spend-thrift persons, buying gold ornaments offers a better investment plan than spending on fancy and expensive cars, shoes, watches, bags etc. which has little resale value when compared to Gold.</p></li></ul>
Updated on 30-Jul-2019 22:30:24