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There are always two perspectives on one topic. But what happens if a single source has two-in-one perspective?
From The 5 Minute Wrapup:
A financial portal has put the fair value of gold at, hold your breath, US$ 52, 381 an ounce! This is a whopping 43 times more than the current price. For an Indian buyer, this is equivalent to nearly Rs 8,00,000 per 10 Gms of gold.
However at the end of the newsletter is another “Investing Mantra”:
“Those who have knowledge don’t predict. Those who predict don’t have knowledge.”
- Lao Tzu, sixth-century B.C. Chinese poet
Okay, good to get both type of intelligence reports. But how do I integrate that into my intellect?
Can you help?
I edit Personal Finance Online Resources, deliver Financial Awareness Workshops and have built a desktop RupeeManager.
Invite me for a talk. Email me on ranjan@ranjanvarma.com or Call me on +919867755615
Wow! That is some fair value – isn’t it. But, when you look at their rationale of the whole world moving back to the gold standard, and the gold needed to back that amount of nominal currency, you know you don’t need to go any further.
But good headline though, made me click.