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In India , seen over decades :
1 gram gold buys a dinner in star hotel
10 gram gold enough to run a household in a month
1000 gram gold buys a high end limousine
10000 gram gold buys a bungalow in big city suburbs. - 1
1 gram gold buys a dinner in star hotel
10 gram gold enough to run a household in a month
1000 gram gold buys a high end limousine
10000 gram gold buys a bungalow in big city suburbs. - 1
Having said above there are times when some esp last point get tested . That is, when more gold needed to buy a bungalow in suburbs.
Those are when gold is undervalued ?? (like now ) - 2
Those are when gold is undervalued ?? (like now ) - 2
PS - By Bungalow meant a independent house with carpark and two floors with area of 1250+ sq ft each floor. Sort of. - End
