Neeru Bhatt #779041 has expressed almost in full what I meant by the coinage of the title idiom. She has deducted the idiom to mean "..person is financially well off having an ornament of that much value and wearing it at the ankle." Yes, it is in similar thought that I posted the thread. Usually any valuable item we give a 'high' place. We would like to safe-keep it from wear and tear. Even for a mobile phone of say 10,000/- Rupees we keep a back cover or flip cover and/or fix a scratch proof glass etc. But such people may not protect the feet by a suitable footwear, but decorate it with Golden anklet. That is because they can afford or afford to show off.
That is what Dr N V Srinivas Rao also observes in #779043 as "many people may not feel Rs.50,000/- is a big amount. But for some, it is very big money.". Regarding wearing golden anklets, I have started seeing it in Kerala only after the Gul employment boom. During my student days, But the first time I saw someone wearing gold anklet was by friend's cousin whose father was a rich NRI businessman even in those times. As Rao also said even I agree that Gold Jewellery business is always booming and growing irrespective of gold price .
Umesh vide#779045 has hit on the nail's head when he says for many people "..that kind of money is a dream." Why even for many middle class employed people, and the retired, the monthly household may be just that only or even less.
I appreciate Vandana's variety thinking. They are not just imagination, but practical reality too.
I am happy that our members are quite aware of what is happening around us in real life. It was my way of mixing reality with creativity and present something in a palatable way hat had come up with this new coinage.
I used to hear the phrase ' On your feet", 'on feet" in my schooldays on sports events as a start up command. Then in classes I learnt ' at you feet' to be 'one one's own feet' 'on feet' etc. But the expression I posted in the title was an impromptu flash occurred, as said in the thread.
I welcome members to come with further views on this.