What explains India's fascination towards gold? - Views on News from Equitymaster

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What explains India's fascination towards gold?

Nov 26, 2013

Here is today's recommended reading list from Equitymaster...

Will Bitcoin be the currency of the future?
Bitcoin, the world's first virtual currency in the past has been ridiculed as a worthless currency, with no use for real transactions. But over the last few years, Bitcoin has become more than a novelty with more number of companies taking it seriously and some making real money from it. However, despite the hype, not many people understand it in detail. Read on to get a better idea about the origin, usage and future of Bitcoin. (Business Insider)

How far has the world come since the global crisis?
Half a decade ago we saw how a housing crisis in the US transformed into a massive global financial crisis. Many economists considered it to be the worst financial crisis since the Great Depression of the 1930s. How did policymakers respond to the crisis? Are the necessary reforms in place to ensure that a crisis of such gigantic scale does not strike again? Or has the world drifted into complacency? Read on to find out... (Economy Watch)

Doubts- detrimental to investments
Uncertainties in an economy can at times spur investments and at other times may even mar investments. Many a times these uncertainties are beyond a company's control. But it's a proven fact that volatility always influences a firm's investment decisions. However, doubts about the future can harm investments. That's the recent study made by the experts in the West. How and in what way is best explained in the article below. (The Economist)

Can the US economy withstand the twin shocks of a Fed and Chinese taper?
The US stock markets seem convinced that the US Federal Reserve will start tapering its QE program either in December 2013 or latest by March 2014 and that the US economy can withstand the shock. However they have not paid any attention to the statement made by the deputy chairman of the Chinese central bank who said that building forex reserves was no longer in China's national interest. This interesting article discusses the impact of a possible tapering in China's purchases of US treasuries. (Safe Heaven)

What explains India's fascination towards gold?
An alien looking down from Mars would perhaps find India's love for gold strange. It gets dug out of ground and then, hardly used for anything else. It just remains as it is for centuries to come. Yet, Indians, which are the gold's largest consumers, don't hesitate in consuming it in ever larger quantities. Read on to find out what explains this age-old fascination. (ValueWalk)

Richa Agarwal

Richa Agarwal (Research Analyst), Managing Editor, Hidden Treasure has over 7 years of experience as an equity research analyst. She routinely scours the small cap universe for fundamentally strong companies trading at attractive prices. Having degrees in both finance as well as engineering has served her well in analysing business models across the small cap space.

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