Tuesday, March 2, 2010
GOLD VALUE AND THE NEVER ENDING RUSH FOR ORIENTAL MARRIAGES.
The increase in price of gold rated at about over a dollar and few cents to the previous price of over a thousand one hundred and sixteen to the current price of a thousand one hundred and seventeen dollars an ounce means gold price has regained its value in the world markets which could mean a break in the never ending rush for oriental marriages in which gold has remained significant financial security to newly married couples, specially when the prices of the precious metal devaluates and makes its purchase affordable for many people in the domestic and world markets.
Nevertheless, some wealthy people have regularly used gold purchase as security to their wealth, rather than security for oriental marriages, due to the fact that since along time gold devaluation has remained minimal and often rebounds faster to its original value in the shortest time period compared to the savings in flactuating hard currencies.
Written by Godfrey Ohia.
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