For Whom Wealth Matters
March 13, 2013 4 Comments
Gold prices are unlikely to fall sharply in the near future . The RBI working group,headed by KUB Rao, calculated the probability of a gold price decline in four baskets (6-months, 3-months, 2-months and on a 1 month basis). Its analysis of the past data shows that there is no probability of a drop in gold prices of more than 40% and even the possibility of 30% dip or more in prices is rare in all the four baskets.
March 11, 2013 Leave a comment
 There aren’t any 10 year periods (using the Sensex) that show a large loss . Only three months in 2002 are below zero, with the max negative return being –1.5% for a 10 year SIP. (Returns shown are annualized returns)
March 11, 2013 Leave a comment
Deepak Shenoy of capital Mind draws attention to the bunching of government debt in this post here.
Depending on how the government and RBI react,we could have high inflation,high interest rates,low or negative real interest rates,a weak rupee,slow growth etc. etc.Basically more of the shit we wind ourselves in.
Definitely these hard times will be when a new cohort of people will lay the foundation of their fortunes.Be sure to be one of them.Value your cash and drive hard bargains.
When the going gets tough,the tough get going.And remember Fortune favours the bold.
wealthymatters 