Experimenting On lea... • 22d
I was thinking if I should post this or not , as it's kinda controversial but nvm ( make sure to have a complete read please ) GOLD : Y'all call this safe investment thing as it beats inflation and doesn't lose its value over a long horizon. But I personally am not a big fan of it ( maybe because either I am dumb or just can't process stuff like y'all ) Why Gold ? Have you ever asked this question and if you don't question yourself in the investment you make then there's absolutely no difference between you and a gambler. Gold is a traditional asset whose price is thriving and thriving. It was used to make coins and trade as it's an ideal metal ( it's non corrosive, non reacting and lustrous). But I can process why it's price rising????? WHY ? Supply Demand? It's use in industry ? Why ? Answers may be " It's rare , Limited, It's a store of Value ( but how ) , industrial use case , jewelry " but is it actually justifying the question? See I get it's limited but common ( on an individual level ) it's not that rare you can see each and every household having gold , and how it's a store of Value, yes there is industry use case but for just industrial use case it's price won't sky rocket right? For jewellery, yea gold jewellery looks sick but there're many alternatives to it right? You may say it's been growing for a long long time and our ancestors trust it more than anything but it's a fair argument right? See Share grow because they create revenue and actually produces something and therefore their valuation increases and so do the shares. But what's up with gold ? Can you explain it ? Let's just suppose, you have a huge cube of all the gold and you are sitting at the top. Now you want to sell it you would speculate someone would buy at a price more than you paid for it right? Doesn't it sound stupid? Whereas, Suppose you have all the crops and survival stuff at one place and there's a huge scarcity of it then people will rush to do and will be ready to pay anything you ask as it's a necessity. But what's up with gold? My answer to it is : It's just a wealth preservation system and a stuff that's historically accepted and people assume it Will be accepted in future too as fiat loses its value against gold. Also it's a stuff to preserve wealth in something that's globally accepted, Let me know If I am wrong, I genuinely want to hear an answer for it.
Ex- Founder | Entrep... • 1y
I recently checked the price of digital gold, which is approximately 75,800 INR. Additionally, there is a 3% GST, amounting to about 2,200 INR. When selling the same gold, the price is around 73,100 INR. This results in an immediate loss of about 5,0
See MoreHey I am on Medial • 9m
How the digital gold work in your behalf someone has purchased gold and gives you a portion of it and when you want to sell you just sell that at current price. (1) everyone thinks that their grandfather should have bought the plot in their time so
See MoreThatmoonemojiguy 🌝 • 5m
Why Jewelry Shops Make Money Even Without Selling Unlike clothing or gadget stores, jewelry shops win even if they don’t sell. Their secret? Gold itself. While gold prices rise over time, their unsold jewelry quietly gains value. A ₹7 crore stock ca
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