Bhubaneswar, Feb. 12 -- Bhubaneswar: Despite being a bachelor, Chief Minister Naveen Patnaik has a fascination for the yellow metal than 4-wheelers. When he owns jewellery valued at Rs 2.21lakh, CM owns a 1980-model Ambassador car worth mere Rs 8,905.

The moot point here is why CM has a fond for jewellery?

Consider this. Between the year 2015 and 2019, the worth of his 1980 model Ambassador was down by nearly 50 per cent to Rs 8,905 from Rs 17,000 in 2014-15; whereas worth of gold Naveen owns has risen by nearly 17 per cent.

This shows Patnaik is a shrewd investor. Because, the maxim is except gold and real estate, economic value of other goods always record depreciation.

A look at the balance-sheet of CM Naveen Patnaik shows how CM h...