The steep rise in gold prices over the past few years only indicates that the risk involved in investment in gold has heightened, a fact which is not recognized by people. How to spread Financial Literacy Let me now turn to my final question about how to promote financial literacy and who should spearhead the process.
As I have already argued, financial literacy is required for each player in the economy, albeit in different degrees, forms and modules. World over, countries have targeted programmes for schoolchildren, teachers, research institutions, among others.