Datta Phuge Dons His Bespoke Gold Shirt


Datta PhugeDatta Phuge calls himself “the gold man” and to live up to this self-image, he ordered himself a shirt made of gold to ring in the new year. He is a chit fund businessman from Pimpri,near Pune . His wife – Seema Phuge is an NCP corporator,

As he took the delivery of his custom-made 3.25 kg 22 karat gold shirt last Thursday he had jewellery weighing 5 kg loaded around his neck and wrists as accessories.

His next, but by far more modest, aspiration in the making, is a gold covered mobile phone.

About 15 goldsmiths laboured over 15 days, working 18 hours a day, to make 14,000 gold flower rings, interwoven with one lakh spangles, which were assembled on a fabric base of imported white velvet. The shirt has six Swarovski buttons and a gold belt to complete the look.

“After extensive research on the design and the look of the piece, I decided to give it an armour-like appearance,” says Tejpal Ranka who designed this opulent apparel.

Phuge, clearly a lover of bling, owns about 10 gold chains (including three chains of 70 tolas or 700 grams each), six bracelets and 25 rings, collectively weighing 10 kilograms.

But his most prized possessions are custom-made personal effects, which include a pen and a wristwatch made by the same jeweller. Now, the shell of a phone from Nokia’s gold series is being further gilded. It is likely to cost him another Rs 2.5 lakh. The phone is expected to be ready in a month’s time. “The body would be retained and the cover would be made in gold. This will be challenging as the elasticity of plastic cannot be matched by gold; so the skill set of the designer is put to a complete test,” says Ranka.  Read more of this post

Returns From Gold


Gold prices do not always head north Link .Also inflation adjusted returns of gold if you adopt a buy and hold for decades strategy is likely to be underwhelming Link.But keeping aside inflation, what sort of returns can you expect from gold?Here are the graphs:

4 yrs Gold Price difference (absolute return)

4 yrs Gold Price difference (absolute return)

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The Fortune In Your Palm


Still in the party mood?How about some fun?Why not do a bit of palm reading ?Here is what your palm is supposed to say about you:

wealthymatterswealthymattersPress your right hand’s thumb away from other fingers. If your thumb bends down easily and there are a lot of gaps between the fingers, then you are supposed to spend money easily or money slips away from you fast. [Fig 1]

On the other hand, if your thumb is stiff and doesn’t bend down easily and there are no gaps between your fingers then you are supposed to be calculative in money matters. You are supposed to be the sort of person who thinks twice before touching your purse. [Fig 2]

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Happy New Year 2013 !


wealthymatters.com

Trial By Fire In Patalganga


wealthymatters.comThe Indira Gandhi administration threw open the doors of PFY (polyester filament yarn) manufacturing to the private sector in early 1980. Dhirubhai Ambani  applied for a license to set up PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence.To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA and dropped the untried, untested twenty-four year-old chemical engineer from Bombay University into the deep end. Read more of this post