Today’s Sunday Times (Delhi Edition) in its first page has exposed the gold greedy Kerala people. As per the report three finance companies in Kerala have got more than 195 tons of gold in their vaults, which is much more than the gold reserves of countries like Sweden, Singapore, Australia etc.
According to the report, Muthoot Finance has 116 tons, Manappuram Finance 40 tons and Muthoot Fincorp 39 tons of gold in their vaults. Singapore has got only 127 tons, Sweden 126 and Australia 80 tons of gold reserve.
The Malayali is much fond of gold and is happy showing off also. The gold ornaments worn by the bride and now bride groom also is beyond imagination. The yellow metal has become a status mark. The large number of cases of gold smuggling through flights give an idea that how much gold is being smuggled to Kerala.
It is not much different in other parts of the country also, may be to a lesser extent.
The Malayalis must have a rethink on their mad love for gold.