- Gold investing is purely psychological. There is no real value in gold, other than its value as a conductor in electronics, etc. So all gold investing is pure game theory, its purely something that has no meaning, into which the only reason to invest is the belief that other people will do the same, for no reason other than their belief that other people will do the same…
- Gold obtains valuation through a multitude of factors: scarcity, comparative value,
Category: Commodities Markets
Was going through a very balanced article by Satyajit Das, former banker and the author of Extreme Money: The Masters of the Universe and the Cult of Risk (2011)..where he tried to balance gold in the several parts ..
- The Return of Gold…
- Means to a Golden End…
- Golden Brown Bottoms…
- Back to the Future…
- Golden Deaths… Continue reading
Writing about commodities market you can’t ignore the always charming commodities guru Jim Rogers. He started on Wall Street back in the 60s and went on to co-found the Quantum Fund with George Soros. Then he packed up and moved to Singapore, essentially shorting the west.
He is heavily invested in agriculture / gold and silver and training his children to speak Mandarin as he thinks balance of power shifting to Asia.
Here are his 12 quotes :
- “I was poor once, I didn’t like it, I don’t want to be poor again” Continue reading
Happy Dhanteras. If you buy gold today, you’ll become rich tomorrow. Except for gold merchants.
Who sell gold & become rich today only.
Jokes apart Yesterday I was going through the commentary provided by Satyajit Das to a financial daily that was focused on “The return of the Golden age”. He quotes Investors have poured money into exchange traded funds that buy gold. Some central banks are now rebuilding Continue reading
Its been over weeks that the world may world faces food crisis as worst US drought in more than 50yrs pushes agricultural commodity prices to record highs. The scenario is same across the globe and we have some political statements that India has not reached drought situation: Sharad Pawar – He is just waiting for the next big commodity import scam as reported by the leading news paper from India. Continue reading