Read what’s written in this piece by Bloomberg with patience. But remember, I always say – stick to first principles and natural laws. That’s what Einstein and some of the brightest inventors have done (not the money inventors).
The questions you must ask are follows:
- Is this a rally before the correction/ crash?
- Who has already made money (actually a lot of them have – I missed the opportunity)
- Is this even a logical comparison to be made?
By some estimates Indian households have about $3 Trillion worth of Gold reserves. Nithin tweeted about it:
I am no expert at guessing. Actually we are all experts in this domain. Here’s my best guess: a lot of retail investors will get trapped in this rally. Especially the one’s that have experienced 30%+ returns on their Gold Mutual Fund investments. But then they will feel the shock when it breaks. And then they will pay taxes as per tax slabs.
And then most finance journos will get back to hailing Hydra. I mean, hailing AI.
Till then, use first principles and natural laws and make money.
Shunya AI 