The maxim, "Larger the gold reserves, richer the country" will not hold good for a long time. In developing countries like India, where gold is used mainly for ornaments, a distinct change in attitude is in the offing. The yellow metal will soon be treated as an investment instrument. Slowly, the use of gold in the form of ornaments will be on the decline and even if gold prices shoot up, women folk would not like to sell off their ornaments.