postaday2011 | wealthymatters

RBI and its Repo Rates

September 28, 2011 4 Comments

wealthymatters Every time the RBI announces an interest rate change do you start wondering how it will affect the prices of your shares,how much you can get on your fixed deposits,whether it is a good time to buy bonds or bond funds,how much your EMIs will cost etc.?Then reading the following article from today’s ET is a must.It is written by Madan Sabnavis, chief economist of CARE Ratings.

Lag Effect of Rate Rise Worries Apex Bank

Every time the Reserve Bank of India (RBI) increases interest rates, a plethora of voices are heard. Industry laments that their profits get squeezed affecting growth. Bankers aver that their interest margins come under pressure and non-performing assets (NPAs) get Read more of this post

Filed under Paper Assets, Theory Tagged with Fixed Deposits, interest rates, postaday2011, RandomBlog2011, RBI

Asian Gold Buyers

September 28, 2011 22 Comments

These are four stories I came across today.Asian buyers are bullish on gold.In Bangkok they bought gold even as the prices dipped.I guess only time will tell if they were wise or not.This picture is from Yaowarat in Bangkok.The full story is available here: http://www.bangkokpost.com/business/economics/258447/gold-price-plunges-on-europe-fears

Gold Price Sources.

September 27, 2011 3 Comments

wealthymatters.com The new national pastime seems to be watching the gold price avidly.My dad catches up on it in the newspapers and my mom insists on watching it on TV and giving me periodic updates. Never mind that there is so much delay in the prices relayed to make things pretty confusing.

If you must follow the gold prices, these are the best places to do so:

The COMEX prices are shown live on the chart at the top left hand side of the page here: http://www.goldprice.org/spot-gold.html

This link will show the MCX spot prices http://www.mcxindia.com/sitepages/spotMarketPrice.aspx

And to get a sense of which way gold dealers think the prices will go,use this link: http://www.mcxindia.com/sitepages/RealTimeData.aspx Read more of this post

Filed under Precious Metals, Theory, Tool Kit Tagged with coin dealer, COMEX, Live gold price, local wholesale bullion price, MCX, postaday2011, RandomBlog2011, Zaveri Bazaar

Treasure Trove – SS Gairsoppa

September 27, 2011 4 Comments

wealthymatters.com

I found this story in today’s Indian Express. Enjoy!

In 1941, a Nazi torpedo tore a hole in a British merchant ship carrying a fortune in silver to England from India. The ship was part of a convoy headed for Liverpool, but it went down about 300 miles southwest of Ireland, disappearing in icy waters nearly three miles deep, deeper than the resting place of the Titanic.

Now, divers say they have found the wreck intact and they estimate its cargo at up to 240 tons of silver — a trove worth more than $200 million. They plan to recover it this spring. Read more of this post