Federal Reserve Chair Janet Yellen commented yesterday that she was “looking forward” to a rise in the US Interest Rate. One wonders what this could possibly mean to the average individual. Well, it certainly means something to anyone who buys gold because this comment led to a major fall in the gold price. In fact, it has slumped to the lowest it has ever been since 2010!
Just like Ian Fleming’s iconic character, gold bonds have made a flamboyant entry into the scene. On Nov 5th, the Prime Minister launched the much anticipated Gold Bond Scheme, which is aimed at limiting the allure of physical gold. Here are a few things that you need to keep in mind succumbing to the yellow… Read More »
What’s common between tennis star Rafael Nadal and gold prices? Obviously the fall. If Nadal’s wins and the gold prices were linked, and if he’d won two of the four grand slams in 2013, the gold prices would have been at a majestic Rs 2,910 per gram (22 carat) in October 2013. But the reality… Read More »
Bappi Lahiri would be grinning ear to ear. King Solomon’s mines would be getting emptied like there’s no tomorrow. Reason? Gold’s going up! There are two indicators why gold investors can hope for an upside to their gold investments in the future. One, the gold import tariff has gone up. This just means that the government… Read More »
For anyone in India, the single most important financial activity is making investments to safeguard the future. Traditionally, investing in fixed deposits has been a popular way of creating investments purely because they offer a safe environment for investments and steady growth. Other trends have seen investments in life insurance and mutual funds also… Read More »
“Whatcha gonna do with all that junk? All that junk inside your trunk?” The Black Eyed Peas sung their way to fame with these blockbuster lyrics in the noughties. This may as well have been what Pallavi, who recently got married, sang hysterically when her mother used up all the cash gifts received during her wedding to… Read More »
Gold is said to be made in Supernovas. With such a bright origin, it’s no surprise that our affinity to gold has held strong through the ages, right up there with war, good food and good times. Gold, since days of yore, has been considered one of the most important metals, owing to its alluring… Read More »
There is a famous saying “A friend in need is friend indeed”. If we talk in financial terms this statement can be rephrased as “A financial asset in need is a financial asset indeed”. Normally every individual investor builds a portfolio using a lot of financial assets but is he aware which option in the… Read More »
Gold has fallen 30% from its highs of $ 1920.30 and any fall below 20% gets categorized as a bear market. The last week witnessed a sharp drop on concerns of countries like Cyprus trying to liquidate its gold holdings to fund its bailout package. The legendary investor George Soros also cut his holdings… Read More »
For the last twelve years Gold had shown a massive build on interest. The bull cycle was extended so much that it looked ballooning in 2013. The corrective wave has approached the bullions this year and it is so hard for many to believe that Gold can correct so steeply also. Indian Gold prices have… Read More »