Mobile phones are the new cultural gold

Have you noticed how every crime report that talks of a techie getting murdered or mugged inevitably mentions that the culprit used the illbegotten wealth to buy a mobile phone?

It used to be that you made a show of status with gold jewellery. Now it’s done with mobile phones.

And yet, the phone’s value as an electronic device depreciates rapidly. It’s not like gold, which serves the dual purpose of status and savings. It’s a mere straw-grasp into the social hierarchy. Unless the value of being connected trumps that of the physical device.

A profound cultural shift is afoot.
Image from phone camera.
  • Avatar

    brainz — May 16, 2007 2:44:40 PM — #

    GOLD as savings? If you take various asset classes, in the last 20-30 years, i think GOLD appreciated the least.
    • Avatar

      Kiran Jonnalagadda — May 16, 2007 2:49:21 PM — #

      As savings, not investment. For a generation that didn’t have the benefit of economic reforms, or didn’t trust it, gold was the most secure option, followed by real estate.
  • Avatar

    sriniram — May 17, 2007 10:44:35 AM — #

    An astute observation, I’ve seen enough examples of this in India.

    Most of Asia considers a mobile phone as a fashion accessory. Remember the hello kitty phones in Japan, and the gold & diamond studded hideousness from China?

    OTOH, the mobile phone is not regarded in the same light in the US where phone operators are only now discovering that fashionable new phones are an easy way to persuade customers to switch. Even so the trend of popularity is really in favor of the technically capable phones like the treo, and now the iPhone - really useful devices unlike the overpriced bejeweled asian fantasies.

Leave a Reply

You can respond with a photo by tagging it on Flickr with