MMTC PAMP is where Krishna worked before Setu and he was also responsible for launching Digi Gold at PayTM!
1) Why Gold?
1.1 Diversification - Volatility & Returns not tied to market conditions - diff. from financial assets.
(2/16)
90% of my savings were in equity, debt was never attractive! Last few months have taught me the imp of diversification!
Gold - through SGBs was my move on diversifying! Holder since Jan'20 - so far so good!
A🧵on talk given by @PositiveGamma on Investing in Gold!
(1/16)
MMTC PAMP is where Krishna worked before Setu and he was also responsible for launching Digi Gold at PayTM!
1) Why Gold?
1.1 Diversification - Volatility & Returns not tied to market conditions - diff. from financial assets.
(2/16)
1.3 Hedge against inflation and currency depreciation! (Depreciation of Rupee is a major factor behind Gold returns in India)
(3/16)
1.5 Upside on Demand/Supply - Constant Demand - Supply is stable!
2) Gold - Indian Context - Better returns compared to other asset classes...
(4/16)
3) How much to Allocate?
3.1 Diversification/Inflation Hedge - 10-20%
3.2 Tail Risk/Safe Haven - 5-20%
(5/16)
(6/16)
How are the prices of gold calculated that we see in newspapers, news channels etc.
If long gold in US$ form in London - instead of 41% increase is only 31%, because Rupee has depreciated substantially compared to the $. (3rd Tweet)
(7/16)
7.1 Jewellery 💎📿
7.2 Gold ETFs 🔼
7.3 Sovereign Gold Bonds (SGB) 📜
7.4 Bullion🪙
7.5 Gold Futures 🥏
7.6 Digital Gold📱
7.7 Paper Gold/Cert. from Jewellers 📰
7.8 Gold Mining Fund ⛏️
7.9 Overseas Options via LRS ✈️
Details below...
(9/16)
9.1 Attractive pricing in Primary (Disc. on Digital Purchase) & Secondary Market
9.2 Annual Interest Component - 2.5% Annual Return
(11/16)
9.4 Liquidity - Less liquid compared to Gold ETFs, hence only good for Long Term Gold buying!
9.5 Govt. Issued and Backing
9.6 Fine Print behind SGBs - 10K Cr. of Govt. Borrowings through SGBs - money used...
(12/16)
Instrument not well discovered...
(13/16)
10) Digital Gold - By Digital Gold anytime and anywhere at the same price across the country - Tier 2 & 3 cities have...
(14/16)
(15/16)
This was a really insightful talk & I definitely know more now! Thank you @PositiveGamma for this! (16/16)
Fin.
1) Why should you buy gold - https://t.co/4fW8SQfkCm
2) Should you buy gold bolds- https://t.co/vyY5rlnTKW
3) Gold at 18% discount - https://t.co/oHFAob4X6p (Very interesting framework)
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1/“What would need to be true for you to….X”
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.