Monday, January 24, 2011

Gold will lead to next recession



Gold will lead to next recession
Speculative investment in Gold will lead to next recession, argues Adv. Mani Vithayathil, Chairman, KSFE. Delivering the inaugural address of 'Interface', Adv. Mani said the if the present recession could be attributed to speculative investment in real estate, the next recession will occur in ten years due to over speculation in investments in Gold. He opined that "Interface' is a significant attempt as the intersection of the streams of Commerce and Economics could be beneficial to the society.

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