Well I have no strong views on Gold – however I have never bought any gold as an investment. I wear no gold on my body, but I guess my mother, sister, wife, and daughter do wear. However as a family also there is no interest in the gold – except to the extent that we pay some bank charges to ‘protect’ what we have.
A few months ago my wife said…’Did you know my gold is now worth about Rs…..’ – I said vow! I have now actually forgotten the amount – because it does not come in the net worth consideration for anything at all.
This was my view in 1980, 1990, 200 and 2010. It does not matter that if I had bought some gold in 1998 I would have seen a 400% gain – much better than a lot of cash that i may have held from time to time.
Here is Warren Buffet’s view…and I share it well almost completely. I am convinced that real estate and gold make tons of money for those who know how to deal with them. I do not. I would rather stay away from what I know that I do not know. I think I understand equity to some extent ….hope fully the market will not slap me!
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