I came across this beautiful article on inflation. I thought it captures the problem of inflation so well. We are caught up in consumer price index (CPI) and wholesale price index (WPI) numbers. We don’t see the big picture. For example, everyone is making easy money in real estate. What? You have not bought a […]
Gold Deposit Scheme – RBI notification – bad for investors
Today evening the RBI has issued a notification that allows mutual funds and ETFs to invest the physical gold they hold on behalf of their investors into Gold Deposit Scheme with banks. I feel this is a bad move for investors. I had already written about this earlier in an article called “Gold – […]
Gold – can you trust the government and the RBI?
Gold is increasingly coming under attack from politicians and central banks. Recent statements are disturbing. As is normal, politicians and central banks like to create imaginary devils to distract citizens from root causes. To explain our high current account deficit, gold is the new devil. Chidambaram talks about the need to curb gold imports “Demand […]