Investing in jewelry – a centuries old indian tradition

In western countries, money and time was invested in developing the latest technology which is why most modern science inventions and discoveries are by individuals from europe and later USA, Canada . On the other hand, indians have a long history of hoarding their money in the form of jewelry which continues till date, and is encouraged by indian intelligence, security agencies.
One of the reasons why the Mughals came from so far to conquer India, were the gold, diamonds, precious stones, jewelry which India was famous for. No one would be interested in a poor country. The maharajahs of India who ruled part of the country before independence were also world famous for their jewelry, owning diamonds, pearl, emerald, jewelry pieces costing millions of dollars.
Though most indians were very poor, instead of helping them improve their condition with science and technology, the maharajahs continue to waste their money purchasing the latest designer jewelry from world famous brands like Cartier, Bulgari, Lalique, Van Clef and Arpels for themselves, their numerous mistresses, wives, cocubines. with a few exceptions, there are almost no countries where so much money is locked up in jewelry.