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The Shariah And Gold


wealthymatters

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Eric Sprott – Find Of The Day


wealthymattersMy find of the day was the works of the billionaire hedge fund manager Eric Sprott. You can read them here:Link.

A good post you could start with is this :Link

Whether you agree with his conclusions or not, you are bound to benefit from being aware of the source materials he refers to.

Gold Smuggling


wealthymatters.com

Here is a fact I came a cross about a week ago.If you are trying to decide which way the price of gold will move short term, remember this fact.India’s official gold purchases might be down but consumption has probably not reduced as much as many pundits are positing, despite the high prices in Rupee terms.Mumbai gold prices are about Rs 1,500 per 10 grams higher than international prices

RBI On Gold And Housing Prices


wealthymatters.comThe Reserve Bank of India is worried about the rapid rise in housing and gold prices, out-running the inflation rate.

 ”The two markets have not only provided effective inflation hedges, but also enabled savers to earn good real returns amidst high inflation.”

Over the last two years housing price inflation has ranged between 16 – 25% during various quarters. Gold prices have increased at an even faster rate of 14-40%.

However, with housing and gold prices running ahead of inflation, there is a need for containing risks,according to the RBI.

‘While credit to housing and commercial real estate has slowed down, a close vigil is still necessary as housing price inflation has not moderated.”Hence the Reserve Bank will continue to monitor the asset prices ahead from a macro-prudential angle.

A Gold trading Tip


wealthymatters.comHere is a bit of traditional wisdom:

Gold generally trades in the lower range around March and July. Generally, this is the best time to buy gold and marriage season is the best time to sell gold.

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