In gold we trust

Most Indians are chrysophilists. There was good news for them a few days ago. The object of their love, which had been getting dearer, suddenly got cheap.

- R. PRASANNAN

Chrysophilists are people who have King Midas as their guardian angel or kuladevata. He has recently been in a benign mood. The price of gold came down a few days ago, after reaching record highs in October.

Market-watchers say, if you have weddings in the family, this is the time to buy (unless prices have soared by the time you get to read this). Time, tide and gold prices wait for none, and there's no imp like Rumpelstiltskin who would make gold from your straw.

No imp, but a Donald Trump did the trick-gold prices fell in the days after Trump was elected. Not that the cowboy POTUS-elect had hit on pots of Apache gold. It was just that his election kindled investors' faith in the stock market and in the US dollar, and they began selling some of their gold to buy stocks. Gold gets dearer when stocks fall and vice versa.