Sovereign Gold Bonds – I’ll Pass

wealthymattersThe first I heard of the Sovereign Gold Bonds was on Dhanteras day when my bank tried to get me to purchase some of them.At the time , I was on my way out shopping  and my first thought was: Do I really want to postpone my gold purchases for a year to earn an additional 275 rupees per Rs10,000/-?Yaar, I could haggle with the jeweller and easily get that much and more off my purchases. And then, I love wearing jewellery.Do I want to give up on that pleasure and experience, multiple times a year, for as little as 275 rupees? That too in the days when one simple restaurant meal, or a taxi ride might cost that much and more? The answer then was an easy “NO”.

Later, I was to learn worse about these bonds. They are priced higher than the price of physical gold on the street. So there goes any notional interest a person might have earned! Read more of this post

Dhanteras Greetings





wealthymatters.comDo you know why  Dhanteras is also known as Yamadeepdaan

According to legends, King Hima had a son after many years of marriage. Unfortunately upon his birth, the astrologers predicted that he was doomed to die of a snake bite on the fourth day of his marriage.

So on the fourth day of his marriage, his wife asked him not to sleep the whole night. She laid gold ornaments and silver coins at the entrance of her husband’s room and sang songs the whole night to save her husband.
When Yama, the God of Death, arrived, disguised as a snake, he was blinded by the dazzle of the lights and the gold.Unable to enter the young prince’s room, Yama sat on top of the heap of gold and listened to the melodious songs. In the morning, he left the palace, leaving the prince unhurt. Thus, the young wife saved her husband’s life from Yama.
Till this day, people light lamps the whole night in reverential adoration to Yama. This is why Dhanteras is also known as Yamadeepdaan.


wealthymatters.comDhanteras falls on the thirteenth day of the month of Ashwin. The word “Dhan” means wealth. As such, this day of the five-day Diwali festival has a great importance for the rich mercantile community of Western India. Houses and business premises are renovated and decorated. Entrances are made colourful with lovely traditional motifs of Rangoli designs to welcome the Goddess of wealth and prosperity. To indicate her long-awaited arrival, small footprints are drawn with rice flour and vermilion powder all over the houses. Lamps are kept burning all through the nights.

Believing this day to be auspicious women purchase some gold or silver or at least one or two new utensils.Home appliances and new clothes and furnishing are other common purchases.The idea is that the spirit of prosperity that the heavy duty shopping signifies will continue throughout the year. Read more of this post


wealthymatters.comHindus consider certain days like Dhanteras, Akshaya Tritiya etc. auspicious for new endeavours.Today is Guru Pushyamrut Yoga,an auspicious mahurat ,i.e. a propitious  time to start new ventures.

According to Hindu astrology,the favourable alignment of stars on the day of Guru pushyamrut makes it ideal for new beginnings and  results in good -luck,success and prosperity.Pushya means to nurture,strengthen or multiply.Pushya is one among the 27 Nakshatras in Hindu astrology.Gurupushyamrut or Guru Pushyamrut Yoga is the day when the Pushya Nakshatra falls on a Thursday/Guruvar.In Hindu astrological terms there is amrut or amrit on the day and Guru Pushya Nakshatra Yoga helps convert your good effort to good luck.

The  planet Lord Brihaspati,i.e.,Jupiter/Guru,who is believed to be the preceptor pf the Gods,is believed to have originated in Pushya Nakshatra.Lakshmi,the Goddess of Wealth was born on Pushya Nakshatra.Hence the day is believed to be doubly good for building good fortune.

On this day,prayers are offered to Goddess Lakshmi and her blessings are sought,Buying gold on this day is believed to bring good luck,prosperity and wealth.It is also believed to be advisable to buy silver,gemstones or diamonds,start new businesses,buy property and other investments,do grahpravesh puja (house warming) and vidhya aramb (start schooling) on this day.


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