Hi this is about Increasing Gold Price is a Danger To Economy. yes!
Increasing Gold price and decreasing Money Value or Purchasing Power of Money is becoming very Low is anindication that Indiagoing to be in a bad and severe Financial crisis.
Banks will not be in a position to pay back your deposited Money in time . Reserver Bank will be in a trouble period after 2011 December.
Indian Money Value is going down but if you watch on the other hand US Dollar rate is getting standard over a long period it shows US iscoming back to Normlcy.
If Gold price increase is allowd further than Indian Government will face Huge Trouble from a People Revolution and the Government will Fall in a shonance Ministry has to care on this. Increase in Price of Gold eratically on every day is not a quality growth.