Gold Investment Pyramid
September 27, 2011 3 Comments
Today’s Lessons
September 27, 2011 2 Comments
In 2008 gold was treated like any other high risk asset when the collapse of Lehman Brothers sparked heavy selling across financial markets in a widely-documented “dash for cash” — after which it bounced back hard to record highs. In Q1 2009, the gold price recovered long before other assets hit bottom.History would suggest that while gold has taken a beating, it is far from down and out.Monday’s tumble to around $1,535 an ounce dragged prices 20 percent below the record $1,920 reached last Thursday. But since its rise from just over $250 in early 2001, gold has bounced back from bigger drops, having fallen 25 percent between May and June 2006, and 27 percent in October 2008.General financial market Read more of this post
Historic Prices of Gold
September 27, 2011 4 Comments
This is my find for the day.I found the original here http://www.indiabullion.com/gold.php.
Combined with the newer data here http://goldpricenetwork.com/goldprice/india/ we can have 178 years of gold price history in India.Perfect for all sorts of analysis!
By the way I was surprised to see some price drops in the price of gold.None of my elders could recollect any of it and they are regular gold buyers!The human memory apparently is far from perfect! Read more of this post
Inflation Gains Currency
September 25, 2011 4 Comments
These figures are from the ET article Inflation Gains Currency & How!Dated Sept,2011
1.) For the first time India will print as many new 1000 rs notes as 500
2.)For the first time,in value terms,the 1000 rupee notes will account for more money than 500 notes which were the mainstay of high value transactions for some time.
3. )2,000 million i.e. double the number of 100o rupees notes printer last year are to be printed this year. Read more of this post
The Rupee Dollar Exchange Rate
September 25, 2011 5 Comments
This is a very brief post.I read this article yesterday in the Mumbai Mirror http://www.mumbaimirror.com/index.aspxpage=article§id=44&contentid=2011092420110924085554.I thought it worthwhile to make a note of the Rupee -Dollar exchange rates at different times.
Historically the lowest point reached by the rupee was 49 in May 2002.
It did cross 50 very briefly late in 2008 due to the panic caused by the global financial crisis. Otherwise in the past twenty years we have been used to having the rupee exchange rate between 35 and 45. In fact it hovered around 45 for a very long time.
We did suffer two embarrassing sudden currency devaulations. The first was in 1966 (when rupee went from 5 to 7.5) and in 1991-92 (when rupee went from 15 to 32).
wealthymatters 