Asset Class Outlook – Gold
Gold has lost its Glitter
- Indians have 25 to 30% of their networth in Gold! However the CAGR returns for Gold are starting to drop
- Prices in India are inflated by 10% due to the imposed tax – this tax is expected to be removed and will further erode the price of gold
- To a large extent Gold prices are linked to central bank policy regarding their reserves
RISKY TO LINK OUR FUTURE TO PRICE MOVEMENTS IN A SINGLE COMMODITY!