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Gold: The World's Women Protect Their Futures

Updated on December 26, 2009

 Women throughout the Indian subcontinent and Middle East rely on very strongly on gold as a significant part of their overall financial security. In the tradition of the history of these nations, the only asset that a Hindu or Muslim female could own according to their tradition was jewellery. In some rural areas and in the more conventional orthodox families of these countries, that is still the case. Therefore the only protection that a woman in those geographical areas could have against unforeseen misfortune in her personal life would be her gold jewellery. The term used in India of Streedhan translates into "the women’s property" and that is almost always referred to as gold due to the long standing practice in India of giving a bride gold at the time of her wedding.

It is interesting to note that the largest market in the world for gold jewellery is not one of the highly developed countries but it is actually India which consumes over 20% of the overall total of the world's gold every year. Traditionally gold has been the gift of choice to serve as a representation of affection and love, as well as important heirlooms and souvenirs on significant occasions that are central hubs to the history of families such as birthdays, weddings, anniversaries and various religious holidays such as Christmas.

Gold also plays an important role in Mothers Day, graduations, baptisms and a wide range of special occasions which call for the giving of gifts. For more than 6,000 years gold has been of primary importance as an adornment and as a form of personal jewellery first and foremost. The Sumerian civilization which approximately 60 centuries ago existed in the basin area between the Euphrates and Tigris rivers, based a great deal of their economic structure and power on the possession of gold and gold jewellery.

Since the beginning of civilized human history the warmth, richness and beauty of gold has been the primary reason why it is so severely coveted. Jewellers have essentially built their entire profession around gold due to its malleability. Throughout history, craftsmen have been inspired by gold to create magnificent objects which still live on in collections and museums centuries or even millennia after they were so lovingly created.

One of the major goals for alchemists in the Middle Ages was to utilize forms of transmutation of metals in order to change more base and the readily available metals into gold. That was never achieved by alchemy as it violates the laws of physics: However, it goes to demonstrate the importance of gold throughout human civilization. Many of the traditional world beliefs include gold as a central aspect. According to some cultures, gold was actually the way to achieve immortality as it was believed that it could extend life expectancy and postpone old age indefinitely.

So many claims have been overlaid onto gold on a spiritual, metaphysical and infrastructural basis that it is indisputable that all of human history would have been different if it were not for gold. Indeed, the effective genocide of the highly developed indigenous civilizations of Central and northern South America were almost exclusively a by-product of the thirst for gold by Spanish Conquistadores.

Continued In Gold: The Inverse Value To Macro-Economic Vitality

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