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When To Buy Silver ?

February 3, 2012 1 Comment

If you are like me, the contents of the table here https://wealthymatters.com/2012/02/01/heart-stopping-silver-price-movements/ should be unsettling.But at the same time it shows how much money could be made in silver in relatively shorter periods and in a pretty passive way too.So the key to making some money from silver is to know when to buy it and when to exit it safely.The article below from yesterday’s ET should help a bit in buying and selling silver profitably.I have highlighted the parts I felt would be useful.

Silver’s path rarely smooth; don’t forget the dark clouds

Nidhi Nath Srinivas, ET Bureau Feb 2, 2012

Silver fell 44% last year, the most by any metal. Many punters in India lost their shirts. Silver is up 20% in January. Is it a good time to once again dip your toe in the water? ET helps you join the dots. Read more of this post

Filed under Precious Metals, Theory, Tool Kit Tagged with 200 days daily moving average, Bullion, postaday, Silver, Silver investing, silver prices

Highest And Lowest Prices Of Gold

January 29, 2012 1 Comment

wealthymatters The table below is sourced from http://www.indiagoldrate.com/india-highest-lowest-gold-price-history.htm .

After crossing the 29k mark when gold fell to around 27k it was pretty scary,especially when the fall in the Rupee against the Dollar seemed to lessen the extent of the fall in gold prices.The palpable fear in the press didn’t help one bit.Personally I held back a lot round last Diwali and this New Year.Perhaps looking at the chart below might have helped a lot then. Read more of this post

Filed under Precious Metals, Tool Kit Tagged with Gold, gold price correction, gold price correction 2011, gold prices, highest gold price, Jim Rogers, lowest gold price, postaday

Auspicious Days To Buy Gold In 2012

January 28, 2012 Leave a comment

wealthymatters.com Considering buying gold?Not beyond indulging in a bit of superstition?

The following are some of the days considered auspicious for gold purchases in 2012 according to the Hindu calendar. Read more of this post

Filed under Precious Metals, Theory, Tool Kit Tagged with Akshaya Tritiya, auspicious days to buy gold, Bullion, buying gold, Dhanteras, Diwali, Gold, Gold Investment, Gurupushyamrit, postaday, pushyamrit, Shradh

Gaurav Mashruwala On Teaching Kids About Money

January 25, 2012 5 Comments

wealthymatters.com Following is an excerpt from yesterday’s TOI.

A question that is frequently asked by the parents of young children is: How do we teach a child about the value of money and which is the right age to discuss the subject. The standard answer is that irrespective of their age, children today are already exposed to money-all the time, through media, through daily transactions with goods and services. Money is not just a currency of exchange, but an important factor underlying people’s lives, decisions, conversations and choices. Therefore, the child understands the power of money, says financial planner Gaurav Mashruwala. She or he starts believing that money can buy most things, especially given the onslaught of advertising. Most parents believe that exposure to money means discussing banking, investment, stocks, etc. However, money is about so much more-discipline, gratification, patience and value. In reality, there are four aspects of money-income, expenses, assets (investments) and liabilities (borrowing), says Mashruwala. A child needs to be exposed to all these aspects in a systematic manner. The right age to expose a child to money management is the day the child learns to spend money. Read more of this post

Filed under Theory, Tool Kit Tagged with bank account for kids, Budget, chocolate bank, financial planner, Gaurav Mashruwala, piggy bank, postaday, teaching kids about money

Milaap and Rang De

January 24, 2012 15 Comments

Philanthropy is of interest to me.But I have my own preferences when it comes to giving viz.:

1.When it comes to giving money I prefer to do it anonymously.When it comes to giving of skills I prefer to do it personally.

2.It is very important to me to in no way demean or belittle the recipient.

3.I want to empower people by my assistance,not cause dependency.

4.I dislike cold charity.

5.I dislike competitive giving.

6.I abhor hard selling by charities .

7.I dislike super exclusive philanthropic cliques.

8.I hate profiteering off the poor and self-serving , hypocritical philanthropy.

9.I would love to have the option to give as little or as much as I can or want without being judged.

Milaap and Rang De are my 2 new discoveries.I haven’t test driven them yet,But I promise I will blog about my experiences with them later.In the meanwhile you can find out more about these microfinance organizations from their respective websites here:http://www.milaap.org/ and http://www.rangde.org/ .In case you have wished for an Indian version of Kiva here is your chance to be a social investor.Rang De has been around for a while but Milaap is newer.So be warned and start with just what you won’t mind writing off as a mistake.I repeat I have not personally tested either site as yet.