[8th September 2024] Interesting Things I Learnt This Week
1. A Single Gold Bar Is Worth $1 Million for the First Time in History - It discusses why the price has gone up and what this means for the future. The price of a single gold bar has recently reached $1 million for the first time ever. This is because gold is seen as a safe investment during times of economic uncertainty. The article predicts that the price of gold will keep going up. My Take : Gold has always been seen as a safe investment in India. We have seen the Gold Bond which were introduced by Government of India which has become too popular to be supported by GoI. E-Gold is a safe way to keep gold especially since for folks who are buying to for purely investment purpose and not holding black money in India. I hope that the space becomes more reliable and competitive. Though folks would say that Gold does not give the best returns always, which is true but the fact also is that it provides safety in terms of investment unlike stock market, at least till we are able to create