Opinion - Letters to the Editor   

Gold rush

This refers to the article “Behind the new gold rush” (Dec. 29). The prophecy about the possible plummeting of gold prices is scary. It is more so because it is not time bound — one does not know when the bubble will burst.

Indians consider gold their valued asset. So they will be the worst sufferers of the boom and bust fundamental of gold economy.

Rahul Jaggi,

Mysore

The article reminded me of N.N. Taleb's book Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life. The belief that something will not happen has proved wrong umpteen number of times.

I would like to thank the author of the article. It does require a fair amount of courage to say things that normally would be ridiculed by the so-called experts.

T.S. Krishnamurthy,

Secunderabad

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Obama wins at Start
Like onions for cotton
NRHM: addressing the challenges
Alone and forgotten
Gauging the impact of the Gates grants
Russian space officials fired over failed launch
Putin assails officials over Moscow airport delays
U.S., U.K. scientists draw up list of world's plants
Corrections and clarifications
Wrong priorities
Horrifying
Gujjar agitation
Gold rush
Onion prices
Not okay

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu