There was a time when houses were built mainly to live in, and gold was bought mainly to wear, gift, and pass down through generations.
Today, rising prices have turned houses into investments and gold into something people track more than they touch. As both become less affordable and more financialized, it feels like their original purpose is fading.
Is gold still about beauty and tradition, or has it followed houses into the asset-only category?
Curious to hear what others think.
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Sufficient jewellery is still being bought. I come from a state where there is significant gold consumption and am not seeing any dip in buying interest. Ofcourse some tech savvy investors may go for digital versions but jewellery market is steady.
Besides first house is still a wholesome experience that I think is worth more than the market monetary value. It is certainly not asset only.
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I hear you, and they are valid points. But
- Gold is still less expensive than diamond jewellery
- Buying a house in the outskirts or tier 2/3 towns, where land and natural resources are in more abundance, is a lot more affordable.