Indian Culture and the importance of Gold.
It's a damn shame that this 60 minutes reporter is fundamentally retarded.
7:50 Bryon Pitts: Most Indians believe that the value of gold will keep increasing... But the reality is it canâ€™t right? At some point it will slow down, it will stop, it will god forbid lose some value yes?
Gargi Shah: (desperately tries to not burst out into laughter then looks at him with pity... and thinks to herself you poor stupid American.) Try explaining that to an Indian. (audibly chuckles at stupid American) Itâ€™s impossible to tell an Indian consumer that the Gold prices will fall tomorrow because there is such a strong belief and this belief has been backed by its own performance.
Byron if your reading this watch this short cartoon http://www.youtube.com/watch?feature=player_embedded&v=ZPWH5TlbloU
to help unfux your brain. I'd reccomend Money Masters http://video.google.com/videoplay?docid=-515319560256183936
but it's 3.5 hours long and something tells me you won't invest the time.
RELATED: Why is Bridget Brown of â€˜Canadian Television Networkâ€™ the most stupid person in the world?
Well firstly, because she mindlessly reads from a teleprompter. Secondly, because she said that Gold is backed by nothing and that the dollar is backed by the Federal Reserve. When in reality the Federal Reserve is nothing (a corporate fiction if you will), and Gold is backed by its intrinsic value as precious metal.
Original Title & description
India's Love Affair With Gold
Uploaded by PigMine3 on Feb 12, 2012
[ PigMine is on FaceBook, please Like here: http://www.facebook.com/PigMineNews ]
February 12, 2011 - "No gold, no wedding," is a saying in India, indicating the importance of gold to Indian culture and tradition. Byron Pitts reports on India's obsession with gold.
FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 106A-117 of the U.S. Copyright Law.