The Satyam saga

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Top memories of 2008 – Part – I

Recounting the year that has gone by, I have documented, what, according to me are unforgettable events of 2008 from my point of view as an Indian.  I have only documented those events that came to my mind while writing this post series.

Detailed post can be read at: http://www.sathyamurthy.com/2008/12/31/top-memories-of-2008-part-i/

Invest in Gold

I strongly consider Gold to be an excellent investment opportunity for the coming years. And my conviction has increased even more after reading Mr. Ajit Dayal at http://www.equitymaster.com/ . He has given the rationale on why Gold should move up.

I subscribe to his views. Besides the various statistics and points put forth by Mr. Ajit Dayal, my reason for “investing” in gold are below: (Mind you, I am saying “investing” and not buying the metal for your wife! – that is illiquid and usually make you to make a “spirited” run to the liquids of largely golden color 🙂 )

1. Its a scarce commodity

2. Two of the world’s most populous nations (China & India) and the women in the monied Arab world have enormous love for the yellow metal

3. It has not revalued itself for the inflationary effects – the price is almost inflation neutral for the past 27 years.

4. A scarce commodity with so much demand, must pick up speed in the price

5. If you are someone dealing in Indian Markets, the most important reason to buy Gold will be that neither the right parties nor the left parties can do anything about a gold price increase!

I suggest that one takes a serious look at the Gold Exchange Traded Funds and invest in Gold. Some of the listed funds are – Reliance Gold Fund, Benchmark Gold Fund, Quantum Gold Fund etc.