Don’t Buy Gold!
A leading jeweller has published today six full-page ads in a major daily paper with circulation in several states, urging buyers to grab the attractive discounts it offers.That’s a very expensive ad, but don’t bother; the gold-buyers are paying for it!
Are you buying gold today? Astrologers pronounce that this Akshaya Tritiya is very special. But do you recall any Akshaya Tritiya in recent years which did NOT have rare planetary conjunctions propitious for purchase of gold, jewels, and property. Unsurprisingly, an astrologer claims that such special planetary conjunctions are occurring on Akshaya Tritiya this year after 17 years, and the next such auspicious alignment would occur only after 27 years; and therefore, purchase of gold, property, etc. would be highly beneficial – for the buyer as well as the seller, it may be safely presumed.
Akshaya Tritiya
Akshaya Tritiya (April 30, 2025) is a very auspicious tithi in the Hindu calendar. As per the scriptures, on this day Vishnu took the Parashuram avatar, Tretaya Yug commenced, Ganga descended on earth, Surya gifted Akshaya Patra to Yudhisthir, Veda Vyasa commenced composition of the Mahabharata, and at Dwaraka Sudama met Krishna who instantaneously removed his poverty.
On this day, many people buy gold believing that wealth acquired on this auspicious day would never decay, dwindle, or diminish. Everlasting wealth, prosperity, and happiness guaranteed!
Does it really work that way? Yes, of course! But you don’t need astrology for that prediction; simple arithmetic confirms it. If you bought 1 gram of gold on every Akshaya Tritiya for the last 25 years, your gold stock would have increased year on year. How much gold would you have now? Just add up X, Y & Z, where X is your opening stock, Y is 25 gm, and Z is additional gold that you or your spouse might have bought intermittently. If you bought 10 gm every year, add a zero to the figure at Y. See, how easy it is to predict the future correctly!
Are you happy with your present stock of gold? How do you compare with others? Well, the per capita ownership of gold in India is estimated to be 20 to 30 gm, one of the highest in the world. Judge for yourself.
Gold Glitters, But...
Gold glitters, but does it guarantee happiness? How much gold will make you happy? If you own one kilo of gold and acquire half-a-kilo more, does your happiness increase by fifty percent?
Of course, you can do a lot with gold; sleep on a golden four-poster bed, use golden cutlery for royal dining, install an ‘America’[i] in your wash-room.
India can do more amazing things - run a gold thread around the Earth - only 608 tonnes needed for a 1 mm thick girdle. How about paving 1 km of road, 3 m wide, with a 1 mm thick layer of gold, for which only 58 tonnes of gold would suffice? It could be named Swarna Path to commemorate the Swarnim Kaal currently under way. But why just a kilometre, our gold holding could build 482 km of Golden Road. A little nod to ED can take it to 500 km. Just imagine, what a top tourist attraction that would be!
Do you know: Indians own about 25000 to 28000 tonnes of gold, and buy 700-800 tonnes every year!
But this scripture-sanctioned cultural practice is problematic. It accentuates and aggravates inequality. Who buys gold year on year? Families who have investible surplus accumulate gold and other assets, and get richer. The poor who never buy gold, and the lower middle-class which seldom buys gold remain where they were – gold-less, gold-deprived, and gold-starved. The gap between the rich and the poor increases.
My prayers to Goddess Lakshmi to bless every gold-deprived family with a gift of at least 10 gm of 24-carat gold this Akshaya Tritiya.
Spread Happiness
How about spreading a little happiness instead of buying gold? How about feeding hungry children?
Consider this:
Estimated number of malnourished children under 5 years in India: Stunted : 42–46 million (35.5%) , Wasted : 23–25 mn (19.3%), Underweight: 38-42 mn (32.1%).
“India is
the malnutrition capital of the world, with much more stunting and wasting than
much poorer countries in Asia and especially Africa.” (Abhijit Banerjee, Winner
of the Nobel Prize in Economics)
In the
biggest wedding extravaganza of the world - more than 2500 dishes were reportedly
served in the Grand Feast - held last year in India, the amount spent was 4200
crs or more as per a conservative estimate. That amount would have sufficed to feed
420 cr children for a day (GoI rate for mid-day meal for school children is
about 10 rupees a meal), or 2 cr children for a year (220 school-days). Ministers,
business tycoons, CEOs of global MNCs and Indian companies attended the gala
wedding to bless the couple. It is hoped that the ministers and industry/business
chiefs paid for the travel expenses from their own pocket, and not from
tax-payers’ or investors’ money.
Must practise before you preach, I told myself, and made a humble donation of 4500 rupees to Akshayapatra.org[ii] to provide mid-day meals to three children for a year. How much gold could I’ve bought instead? Less than 0.5 gm!
A pinch of Atta, 3 Rotis & 4 Sakore
Which of the following charitable acts earns the maximum punya, do you think?
Every morning a little before sunrise, a lady comes to gather flowers for her puja; but as soon as she enters the park she is welcomed and ushered in with whoops of joy by the three stray dogs who own the park. She admonishes them to be patient, maintain a respectful distance, sits down on a bench, opens her little bag, and offers a roti to each, the frailest being served first. No fighting, and no snatching, please behave since I’ve given one to each, she counsels. Once they’ve eaten, she begins to pluck flowers.
Another lady in another park takes out a little kagaz ki pudiya, bends down near an ant-hole and draws little circles of atta and sugar, as mindfully as making a rangoli. Then, she goes on her way.
Summer is already unbearable at Bhopal, the hot winds from Rajasthan desert have arrived. The other day, he saw a dead pigeon on the road. Back at home, he placed on the rooftop four sakore (small earthen utensils for drinking water for birds) which he cleans and fills every day.
Gold for YOU!
Not by plundering,
Disembowelling the Earth,
But by gathering atom by atom,
Gold-dust simmering in the air,
Seen only by alert, prayerful eyes;
Crafted to resplendent jewellery,
These precious words are
For connoisseur, client, customer,
YOU, Dear Reader!
On Sharing Wealth & Prosperity
Sanskrit Verse:
धनं तु भूतिहेतुः स्यात् न केवलं धारणे।
दानेन च विशेषेण तस्मात् संचितमर्पयेत्॥
Meaning:
Wealth should be a means for prosperity, not merely for hoarding. Especially through charity, one must share what has been accumulated.
From Hitopadesha:
यं ददाति स धन्यः स जीवति।
Meaning: He who gives is blessed; he truly lives.
Moral from the Jataka Commentary:
न हि सो वित्तकामो यो धनं निधापेति —
संविभागी धनं करॆ, एषो वित्तस्स संयमो।
Meaning
He is not a true lover of wealth who hoards it; one who shares his wealth — he alone is a true master of riches.
Postscript
Did you buy Gold?
Did you ignore
my free advice and bought gold on Akshaya Tritiya? Sad to inform you, in just
two days you’ve lost 3.12% of your investment since price of 24-carat gold- 10
gm which was 96331 on Apr 30 has dropped to 93325 on May 2.
Gold Sales Plummet
[i] Italian sculptor Cattelan’s ‘America’: https://www.guggenheim.org/exhibition/maurizio-cattelan-america
[ii] I am not a member of ISKCON or Akshaya Patra (NGO), but had once visited the latter’s Bhilai unit which cooked and distributed hygienic meals to school-children. I liked what I saw, and made a small contribution. Which charity to support is your call.