1 Jan 2018
Gold price – Rs.33,417
BSE Sensex – 33,812.75
31 July 2020
Gold price – Rs. 53,690/-
BSE Sensex – 37,606.89
Therefore, based on the last 2 years and 7 months performance data….my thesis concludes that buying and investing into Gold in INR is a superior investing option than investing into equities
Pls don’t say NO when your spouse asks you to buy gold?
On this auspicious day of Varalakshmi Vratham (Lakshmi Pooja), let me provide some more insight on your Gold Gains. Each of you & your family have participated in the Gold rally (INR terms), from the time you bought any kind of Gold ornament or a coin, bar, biscuit etc.
YOU HAVE NOT MISSED THE INDIAN RUPEE GOLD RALLY
All that is needed to be done is, just estimate the amount of Gold you hold in any form (accurate figure is even better) & calculate your total gold investment value – Grams / Kg multiplied by the price of gold (18, 22 or 24 k). We can get deeper to get the accurate liquid market value (minus the making charges etc.), but leave it for the time.
Check if the value of your gold is between 15 to 20% of your total Networth. That’s it, let me know the % when we speak next time.
Pls do this one time exercise.
If you’re unable to, you know who to call ?