Forget Gold, buy this instead...
In this issue:
» India better than China in time taken to start a business
» US dollar is a 'short' of the century
» FCCBs are back in vogue
» Monsoon deficit has come in at 22%
» ...and more!
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00:00 |
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There could be some merit in his argument. After all, in addition to being a storehouse of wealth just as gold, silver's growing use in industries such as superconductors and microcircuits, is leading to more and more demand being created while the supply remains constrained. Hence, this could lead to prices of silver growing at a faster pace than that of gold in the future, making it a better investment than gold.
However, this is not the only asset class that Kiyosaki is bullish on. He also likes real estate as unlike stocks where investors get no leverage, buying real estate does involve debt and hence, even a small rise in real estate values could lead to a significant jump in the return that an investor earns from it. However, as Kiyosaki rightly points out, if you are playing a game of debt, you've got to be a lot smarter than the average bear out there.
00:53 |
Chart of the day |
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01:35 |
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However, people staying in Asia especially in countries of China and India have little or no reason to fear as he believes that these countries are living in exciting economic times and these regions could see continued prosperity for years to come. Of course, as he very rightly pointed out, Asians should learn to grow from within the region rather than through exports to sick countries.
02:19 |
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02:44 |
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However, some countries such as France wanted even stricter rules such as introduction of specific limits on the pay structures. It was further stated that awards must also be curbed if they are inconsistent with the maintenance of a sound capital base and that regulators should be allowed to modify the compensation practices of key firms. It was also proposed that bank should increase the quality and quantity of capital they hold by the end of 2012. While these seem steps in the right direction, we would like to wait and watch how these translate on the ground given the strong banking lobbies.
03:14 |
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03:38 |
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04:04 |
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04:47 |
Weekend investing mantra |
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12 Responses to "Forget Gold, buy this instead..."
Vishal
Oct 31, 2009Also, if Treasury Bonds are 'THE short' of the century, then what could be 'THE buy' of the century? My bet is the Berkshire Hathaway stock, which last closed at USD99,000. What do you think?
Vishal
Oct 31, 2009I believe Marc Faber had stated that Treasury Bonds were the short of the century and not the U.S. Dollar. A defaulted treasury bonds would lead to a depreciated dollar, but still its not the same as shorting the dollar. Please verify against your sources before publishing.
SHEKHAR VAZE
Sep 30, 2009I believe in the idea. But there are practical difficulties - how much physical silver one can buy and store? There are no ETFs available for Silver like GOLD etf.
Liquidating physical silver will again be a hazzle...
pravin.thakrar
Sep 27, 2009Dear Ajitbhai
Referring to 00.53, it is just like climbing a steep mountain
for NRI even in opening a damat. It took more than two months
for leading broker and another fortnight to operate the account. Mountain un-necessary paperwork and repetition of the same info is not only mind-boggling and time-consuming
but wasteful of resources. It seems we are still living in the past in spite of leading in IT. There is a crying need to reorganise on this practice and inbuilt mentality.
Regards
Pravin
Pravin
Sunil M S
Sep 27, 2009It is mentioned in your chart of the day that in India a business can be started in 30 days. India is even better than China on this count. But I find it too good to be true. A few years ago, I started a very small grocery shop (of the street corner type) less than a kilometre away from home. A licence from the local Panchayat was necessary. Though I had applied for it three months in advance, the licence was not issued before I started the business. One of the members of the Panchayat was, however, apologetic about the delay and asked me to go ahead and start the business without waiting for the licence. Reluctantly though, I heeded the advice and started the business. A little more than one month later, the licence was issued. If a grocery shop that employed none took more than four months to get just one licence, there is no way a larger business, employing many hands and needing clearences from a multitude of authorities can get all of them in a matter of 30 days. The ‘single window’ clearence system might be functioning well in some areas, but there could be areas where the ‘single window’ doesn’t open at all for months on end! I have always felt that manufacturing ventures shouldn’t need any prior clearence. Entrepreneurs should be free to start such ventures right away on condition that (1) the commencement should be reported to the concerned authorities in a single, simple format, within a fortnight and (2) within the next six months, the formal registrations with the concerned authorities should be done. The hundreds of laws that exist now should be enough to guide the entrepreneurs during the initial six month period. Thus India will become perhaps the first country where the number of days needed for starting a business is zero.
prejish nair
Sep 26, 2009In your article 'Bomb Scare of a Different Kind', I had commented that developing countries could try to divert attention or to have their control indulge in getting the world environment into further disaster by probing for a war & that's what Marc Faber seems to have also higlighted here. After all, a country like US would never wish to lose their controls or preferential status just like that. We should pray that they do not indulge themselves into dirty tactics and pull the world into it maybe a BAD WAR.
sujay kumar banerjee
Aug 25, 2012i want to subscribe