should we save for future -- no --
in terms of gold as currency value will go down. assuming that same gold will increase as per the inflation... but practically it will not as inflation is 8% interest is 3.6% and gold appriciation is 5% on average. and assuming there will be no jobs or income. assuming you need 50000 monthly in 2023 for a family - 20k for rent - 20k for food and 10k other expenses at 1 gram Rs. 5000 = 50k/5000 = 10 grams of gold per month. 120 grams of gold per year. if you are 30 years old then you need to save for another 60 years max upto you are 90 years old. 60X120 = 7200 grams for one family. if you have dependant parents then half for them 3600 grams. if you have 3 kids - then you need to save 4X7200 grams 1 for their expense until 30 = 29k grams total = 7200 + 3600+29000 = 39800 grams = 40 kg at current gold price in 2023 = 39800X5000 = 20 crore . if you dont save this in 2023 then compound it 0.5% every month. this is only if you think up to your ...