Nilesh Shah On Gold @KotakSecurities #KotakMidCapMeet15
December 11, 2015 Leave a comment
Paper 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 gentleman attracted by my media tag, buttonholed me to ask why the media was so negative on the economy?
Just heard something useful in Mr Nilesh Shah’s speech @KotakSecurities #KotakMidCapMeet15.
Mr Nilesh Shah,hard at work at the @KotakSecurities #KotakMidCapMeet15 @GrandHyattMum,trying to convince us that #acchedin are just round the corner.Yours truly has as yet not heard anything new.Still not converted to Modinomics.
wealthymatters 