Just now, I read the news that the All India Gems and Jewellery Trade Federation (GJF) has asked its member jewellers to stop selling gold coins and bars to customers. Gold coin and bar sales stopped in India You can read the news here. First they asked banks to stop sales of gold coin and […]
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 […]
Fed Chairman Game
Today, I will share the Fed Chairman game where you will assume the role of the US Fed Chairman. Interest rates are a lever in the hands of the central bank as they strike a balance between inflation and growth (which has an impact on unemployment). Here you will get to handle interest rates and […]
Pay no attention to Chidambaram when he speaks against gold
Anti-gold statements Source: Wikipedia More and more households should be encouraged to save in financial instruments rather than in gold. – P. Chidambaram, Finance Minister, 16 Aug 2012 And today, he got support from the industry. The government is planning and CII is fully supportive of better incentive for investment in mutual funds and equity […]