{"id":289048,"date":"2025-04-24T07:23:19","date_gmt":"2025-04-24T07:23:19","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/24\/gold-lasts-5-generations-harsh-goenkas-witty-post-on-wifes-gold-buying-is-a-lesson-in-investment-strategy-india-business-news-times-of-india\/"},"modified":"2025-04-24T07:23:20","modified_gmt":"2025-04-24T07:23:20","slug":"gold-lasts-5-generations-harsh-goenkas-witty-post-on-wifes-gold-buying-is-a-lesson-in-investment-strategy-india-business-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/24\/gold-lasts-5-generations-harsh-goenkas-witty-post-on-wifes-gold-buying-is-a-lesson-in-investment-strategy-india-business-news-times-of-india\/","title":{"rendered":"\u2018Gold lasts 5 generations\u2019: Harsh Goenka\u2019s witty post on wife\u2019s gold buying is a lesson in investment strategy | India-Business News – Times of India"},"content":{"rendered":"
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Gold prices<\/a> are hitting lifetime highs and India Inc veterans have been hailing Indian homemakers for their wisdom in storing the yellow metal. In a post on X (formerly Twitter) industrialist Harsh Goenka<\/a> lauded his wife\u2019s gold investment strategy<\/a>. This comes at a time when gold prices have crossed the Rs 1 lakh mark.
The RPG group chairman took to X, and shared a conversation with his spouse. The post said, \u201d10 years ago, I bought a car for \u20b98 lakh. She bought gold for \u20b98 lakh. Today, the car is worth \u20b91.5 lakh. Her gold is worth \u20b932 lakh.\u201d
He further added that wives are smarter.<\/p>\n

Sharing another conversation, he wrote on X, \u201cI said, \u2018Let\u2019s skip gold and go on a vacation?\u2019 She replied, \u2018Vacation lasts 5 days. Gold lasts 5 generations.\u2019 I bought a phone for \u20b91 lakh. She bought gold. Now, the phone\u2019s worth \u20b98,000. Her gold is \u20b92 lakh.\u201d
Raj Nayak<\/a>, an influencer, commented on Goenka\u2019s post, saying,\u201dGold may last generations. But we don\u2019t.That five day vacation? It turns into stories, smiles, and moments that lights up your soul for a lifetime.The phone might be worth \u20b98K now, but that late night call to your son, daughter, or mother\u2026 that photo you clicked by the ocean\u2026 that memory? Priceless.You can buy what appreciates in value, or you can invest in what makes you feel alive.\u201d
A few days ago Uday Kotak<\/a>, Founder & Director, Kotak Mahindra Bank had also hailed Indian housewives<\/a> as the \u2018smartest fund managers\u2019. \u201cThe performance of gold over time highlights that the Indian housewife is the smartest fund manager in the world. Governments, central banks, economists, who support pump priming, high deficit funding, may need to take a leaf from India, a net importer of store of value forever!,\u201d he wrote on X.
Gold MCX futures<\/a> have surpassed Rs 1 lakh, marking an unprecedented milestone. Gold continues to serve as a reliable investment during periods of market instability. The rise in gold prices is attributed to global economic uncertainties, growing tensions between China and the US, whilst a declining dollar has further strengthened this upward trend.
Market analysts suggest that current valuations reflect heightened geopolitical risks, influenced by US President Donald Trump’s trade policies and concerns about economic stagnation with inflation. These factors are expected to contribute to additional gains in gold prices.
Global central banks have consistently increased their gold acquisitions over multiple quarters, building their reserves to record levels. Notably, the RBI has been actively purchasing gold and relocating substantial amounts back to Indian territory.<\/div>\n