Gold has run up a lot recently with people exclaiming about the wisdom of their grandmothers and Indian Women in general who own 11 % of the Gold that was ever mined, about 24000 tons. To give you a context this is more Gold than that held as reserve by the top 5 Gold owning countries (Government treasury) put together.
I’m sure our grandmother’s had a lot of wisdom, but with times we have changed our life to suit our needs and objectives. In the same way, let us review the most common perceptions of Gold and see if the data supports it.
Is gold truly a safer asset with better returns? Let’s examine the data.
Continue reading “Gold and Grandmother’s wisdom: A Closer Look”