Wealth Pyramid

September 30, 2011 9 Comments


wealthymattersNo great fortune was built in a day.Slaving away, saving and putting money away might make you a nice nest egg after a while and over a few lifetimes a family might even get to be pretty well off.But when it comes to a fortune of any considerable size, in addition to sustained hard work and probably talent there is some effect of fortuitous circumstances . Often fortunes are made in just one business or one through one right call on some speculation.However there are too many ways to lose a fortune either through greed, overconfidence, a failure to admit a lack of understanding,a change in circumstances etc.So no matter the size of one’s wealth or the precise nature of its origin it is important to have a wealth pyramid in place.The general idea is to ensure the safety of the largest amount of one’s wealth. Read more of this post

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RBI and its Repo Rates

September 28, 2011 4 Comments


wealthymattersEvery time the RBI announces an interest rate change do you start wondering how it will affect the prices of your shares,how much you can get on your fixed deposits,whether it is a good time to buy bonds or bond funds,how much your EMIs will cost etc.?Then reading the following article from today’s ET is a must.It is written by Madan Sabnavis, chief economist of CARE Ratings.

Lag Effect of Rate Rise Worries Apex Bank 

Every time the Reserve Bank of India (RBI) increases interest rates, a plethora of voices are heard. Industry laments that their profits get squeezed affecting growth. Bankers aver that their interest margins come under pressure and non-performing assets (NPAs) get Read more of this post

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Asian Gold Buyers

September 28, 2011 22 Comments


These are four stories I came across today.Asian buyers are bullish on gold.In Bangkok they bought gold even as the prices dipped.I guess only time will tell if they were wise or not.This picture is from Yaowarat in Bangkok.The full story is available here: http://www.bangkokpost.com/business/economics/258447/gold-price-plunges-on-europe-fears

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Gold Price Sources.

September 27, 2011 3 Comments


wealthymatters.comThe new national pastime seems to be watching the gold price avidly.My dad catches up on it in the newspapers and my mom insists on watching it on TV and giving me periodic updates. Never mind that there is so much delay in the prices relayed to make things pretty confusing.

If you must follow the gold prices, these are the best places to do so:

The COMEX prices are shown live on the chart at the top left hand side of the page here: http://www.goldprice.org/spot-gold.html

This link will show the MCX spot prices  http://www.mcxindia.com/sitepages/spotMarketPrice.aspx

And to get a sense of which way gold dealers think the prices will go,use this link: http://www.mcxindia.com/sitepages/RealTimeData.aspx  Read more of this post

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Jim Rogers Interview on ET NOW

September 27, 2011 2 Comments


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Here’s the transcript of Jim Roger’s interview on ET NOW as published in today’s ET:

Gold prices are overdue for a correction and it will last for several months, says Jim Rogers, chairman, Rogers Holdings. In an interview to ET NOW , the commodities investor speaks on his outlook on commodities and rupee.
Gold is down 10% in the past week and the CME increased margins by 21%. What is your outlook for gold prices? Do you see gold to $2,000 in the near term and medium term?  Read more of this post

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