Nilesh Shah On Gold @KotakSecurities #KotakMidCapMeet15


wealthymattersPaper Investors have a fundamental difference in thinking from those who prefer tangible assets.
His argument is that as India is the only buyer of gold, the day we all wish to sell, we will find no buyers offering a good price. Banks are prohibited by law to buy-back gold and jewelers have stocked up gold on credit.
My understanding is that, gold sold at the time of large scale distress, such as war or its aftermath, might not get us a good price in any given currency, but gold is “money” that is directly exchangeable for goods and services.
Buying gold is a statement on non confidence in the currency of any given country. And the establishment that devalues it.

 

And in anycase, Mr Nilesh Shah is wrong on fact. Indians are not the only buyers of gold.

A Fact Of Life


wealthymattersWhen a person with experience meets a person with money, pretty soon, the person with the experience will have the money and the person with the money will have the experience.-Estee Lauder

Earning Lakshmi Not Just Money


wealthymatters Lakshmi is wealth accumulated through honest and fair means. Money can be stolen as well. Lakshmi brings peace and happiness to the person who earns it. Stolen money only brings emptiness to the soul. If you notice Lakshmi’s idol, she has gold coins around her, signifying wealth. However, she is also seated on a lotus flower, and holds lotuses in her hands. The lotus is a sign of purity and peace, signifying spiritual well-being; of purity and beauty even in the muddy waters of the world. Without this peace, wealth has no meaning. – Chetan Bhagat

Top 10 Things You Didn’t Know About Money


wealthymatters,com

Knowledge Speaks

1. The Largest Banknote

Top 10: Facts about Paper Money

Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created by the government of the Philippines in 1998. Designed to celebrate a century of independence from Spanish rule, the note was offered only to collectors, who could purchase one of the limited-edition notes for 180,000 pesos, or about $3,700.

2. One in a Million

Top 10: Facts about Paper Money

The largest banknote ever issued by the Bank of England was the £1,000,000 note, issued in 1948 as a temporary measure during the postwar reconstruction in the Marshall Plan. Designed for use by the U.S. government only, the notes were canceled after just a few months, allowing very few to escape into private hands. But just because the notes are out of service doesn’t mean they’re valueless — in 2008, one of two known surviving notes fetched almost $120,000 at…

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Billionaire’s 10 Keys To Success


wealthymatters1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.

2. Always be true to yourself.Figure out what your values are and live by them, in business and in life.

3.Think about what your definition of success really is. Is it externally driven or internally driven?

4. Rather than focus on work-life separation, focus on work-life integration. Read more of this post

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