Skip to main content

Gold is not an option

Gold is not an option, it is a necessity
There are lots of economists, analysts, investment bankers, advisors, thinkers, philosophers, astrologers, boot-legers etc etc who have one good reason of why not to buy gold - gold is not a reserve currency.

There are umpteen questions and suggestion sraised to say the gold standard is the figment of historian's imagination and has no practical relevance in today "blink-a-second" financial arena.

And not to mention thousands of articles by gold-doubters constantly harping that gold is not a reserve currency and therefore in the present system of financial assets has no value except as a commodity.

For the sake of Christ, pray tell me, what are these assumptions of gold-doubting Thomases based on. Based on nothing but assumptions. And if in the future these assumptions are proved wrong all the followers of gold-standard-is-dead cult will hang naked in face of fierce financial storm. And what if the doubters are correct, investing in gold is not loosing anything! It is still gold and remains gold. The money is safe, will give you at least a few bps more than the returns in savings bank account.

So, buying gold is not an option. It is a necessity. It is the only financial hedge that can save the skin in case of financial holocaust of hyperinflation.
:) Falkor

Comments

Post a Comment

Popular posts from this blog

How-to overcome sendentary lifestyle.

Some interesting points on overcoming sedentary lifestyle. There are many other routine ones, just try googling that. 1. Some not so routine tips on avoiding the sedentary lifestyle 2. Walking while talking on phone is a good way to get expressive and burn calories too. 3. Don't use the phone to call someone a short walking distance away. Walk and visit whenever possible. Same for grocery shopping. 4. Catch a different bus that makes you walk a bit more. You can catch a bus from a different stop, a little farther from your regular stop. 5. Pacing the length of the subway platform whenever the train/bus is late. 6. Dance Source: from various places on net
Post a Comment
Read more

Net Neutrality - Fight for free expression

The "Net neutrality" issue, where we fear networks/infrastructure providers will decide (euphemism for censorship) what customers will read/watch/listen/buy on net. Many of the features that we fear in the "Net-neutrality" have already been implemented across various other platforms like telecom. For example, my telecom service provider has blocked the competitors GPRS sites and also does not allow access to many other sites on Internet, from where the free goodies like mobile applications, software, games, wallpapers, tones etc can be downloaded. This leaves me with the only service provider for above products, the service provider himself. This is totally blocking my freedom and my right to choose. This is just a glimpse; with "Net-neutrality" issues at stake are enormous. There should be no way; any entity (maybe, other than individual governments.) should be able to determine what is accessible and what is not. :) Falkor
Post a Comment
Read more

Definition of Cult Stocks

From a blog: A classification describing stocks that have a sizable investor following, despite the fact that the underlying company has somewhat insignificant fundamentals. Typically, investors are initially attracted to the company's potential and accumulate positions in speculation that its potential will be fulfilled, providing the investors with a substantial payout. While most of these cult stocks promise they will be the next big story after they make a new discovery or get the newest contract from the government, most do not provide investors with anything other than the story. Furthermore, these stocks typically generate very little, if any, revenue at all. For example, many micro-cap biotech stocks are cult stocks. While they promise that they are going to be working on a miracle compound or drug, most of them do not have any source of income as they slowly burn away their initial capital in research and development. However, some cult stocks do occasionally make good on...
Post a Comment
Read more