Policy Action
The Monetary Policy Committee (MPC) unanimously voted to keep the policy repo rate unchanged at 5.25%.
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
Everybody knows Steve Jobs, but do you know who Mike Lazaridis is? Perhaps not! However, if you are of my generation, you have likely used the product he created – the BlackBerry.
What better time to talk about Gold than now?
It’s time to revisit my favorite Howard Marks anecdote:
We can never quite know what the future holds in precise detail, but it certainly holds much promise.
In the present, we are in the midst of the General Elections. In my 30-year investing career, the level of suspense over the election outcome has never been lower.
Article Summary
• Gold investments help diversify risks and provide growth even in times of adverse developments in equities and debt markets.
