The price of gold in Indian rupees is up roughly 10x in the past 20 years, which translates to a respectable 12 percent per annum returns. Add to this the commonly known characteristics of gold as one of the better-known hedges to equity market volatility, especially around market crashes, and a hedge to rupee depreciation against the US dollar, and we have an asset that we all should have higher allocations too.
Extremely few investors, however, stayed invested for the whole time as almost all the gains came in two small windows. Between 2008 and 2013, international gold price tripled and then between 2019 and 2020, it roughly doubled again.
The last decade was remarkably interesting for gold price movement. Gold doubled to ₹3,000 per gram from ₹1,500 per gram between 2010 and 2013, but then stayed in a narrow band between ₹2,000 and ₹3,000 per gram for six years. At the time when people were writing it offas an asset, it made a remarkable run past ₹5,500 per gram in late 2020. Indians who own physical gold were probably the only ones who stayed invested as they bought the yellow metal for different purposes.
Continue reading your story on the app
Continue reading your story in the magazine
‘The Middle Class Buys Dreams. The Businessman Sells Unrealistic Ones'
Anand Kumar starts the interview by setting the context. “Let’s get the math right,” says the mathematician.
The Home School of Thought
Concerns over a monotonous, formal education system coupled with edtech’s innovative approaches bolster the homeschooling proposition. But is India ready for it?
The Big Small Question
As Byju’s and Unacademy grow at breakneck speed, what will it take for smaller edtech players to survive?
Beating Bharat's Edtech Blues
On the other side of the billion-dollar edtech boom are children who have been unable to access the most basic forms of online education, and people who have been trying to bridge the digital divide
Handa's New Funda: From Academy to Unacademy
How IITian Ravi Handa scaled up his seven-year-old online venture for MBA preparation, and eventually sold it to an edtech major
Six (and more) Degrees of Fakery
How inaction against the rash of fake universities across the country may be incentivising the mushrooming of more such institutions
Meet The Headmasters
Sequoia Capital has bet big on edtech, with over a dozen investments, including in industry giants Byju’s and Unacademy
A Billion-Dollar Dream For Freshworks
Girish Mathrubootham is taking a cue from the rapid growth of Silicon Valley software startups to reach scale and velocity
Changing How Small-Town India Shops
CityMall founders Angad Kikla and Naisheel Verdhan are building a network of micro-entrepreneurs through their app in smaller cities
Liberal Arts: A Road Less Travelled
Colleges offering these courses in India have begun to gain ground, but for them to truly shine on the global map, they must be cognisant of the country’s culture and challenges
Who Should Set The Rules?
TWO OF THE MOST powerful women in finance are at odds over how to use their power.
R&R for an RN IN BRITISH COLUMBIA
A mid the chaos of the COVID-19 pandemic, I needed to find the quiet serenity that comes on two wheels. As a nurse educator in a trauma-based tertiary hospital, I’m deep in the trenches, responsible for disseminating information and implementing health regulations to frontline workers. Inundated with fear from global news, increasing numbers of the infected, lack of resources, and a palpable universal panic as the world began to shut down, I needed to be away from it all for a while.
SOWING THE SEEDS
Experts share their tips for putting together the perfect community garden.
Face is a disaster at age 75 after endless procedures
Fractured Fairy Tales
Okay, children! Time for a bedtime story! Once upon a time, there was a little girl named Goldilocks. While walking through the forest, she came upon a quaint little village. In that village, there were three ways to watch movies.
24-Karat Nuggets About Gold
Pure gold is so ductile (translation: stretchy), a single ounce of it can be drawn out into a thread 50 miles long without breaking (at which point it also would be too thin to see). If you did this to all of the existing gold in the world, it would wrap around the earth 11 million times.
A puny mortal embarks on a quest to save the gods in IMMORTALS FENYX RISING, and finds yet another massive Ubisoft open world game.
GOLDIE STABBED IN THE HEART!
A FEROCIOUS feud is ripping apart Goldie Hawn’s family — her kids Kate and Oliver Hudson are trying to make peace with her ex-hubby after he publicly and cruelly kicked them to the curb, sources say.
A TRUE WORKING YACHT, THE 112-YEAR-OLD GOLDEN VANITY HAS A NEW ROLE FOR 2021, AS NIC COMPTON DISCOVERS
2013-14 PANINI PRIZM BLACK MOSAIC GIANNIS ANTETOKOUNMPO - TOPS $ 1 MILLION
A second Giannis card from his rookie season has topped the million-dollar mark.