Tag: Gold Jewellery

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Gold is Illiquid

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i am not sure whether this is a one off experience or true across many locations… In chennai when a friend tried to sell gold worth Rs. 3L – she was told she could exchange gold ornaments for gold, but no cash. She had the same experience in a few other reasonably sized shops. I […]

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Show off assets vs. Real assets

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An asset should bring you money. If this is the definition of an asset – your golf kit, your gold jewellery, your Mercedes, the house in which you live,  – normally what people consider assets suddenly look like ‘expense’ rather than an asset! Every cheque that you sign is either an expenditure or the purchase […]

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