BC GOLD
Saved by @SAnngeri

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)

 Link to the here - https://t.co/NxEkVKZi2H
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)
1.2 Safe Haven - High value asset, easy to transport! Large value - limited space. Liquid and easy to convert to cash across the world.

1.3 Hedge against inflation and currency depreciation! (Depreciation of Rupee is a major factor behind Gold returns in India)

(3/16)
1.4 Upside in Tail Risk - Confidence in currencies & financial systems is low, gold can see upside in scenarios like this!

1.5 Upside on Demand/Supply - Constant Demand - Supply is stable!

2) Gold - Indian Context - Better returns compared to other asset classes...

(4/16)
... specially in the last 2-3 years. Gold has done well both in low inflation & high inflation returns. So both real (ex. inflation) & nominal returns have been good!

3) How much to Allocate?
3.1 Diversification/Inflation Hedge - 10-20%
3.2 Tail Risk/Safe Haven - 5-20%

(5/16)
4) There has been a rethink on investment in Gold over last year or so - due to Price performance and people looking for reasons of continue performance! Pandemic - Demand for stimulus and easing of rates - currency trust goes down - faith in Gold increases!

(6/16)
5) How is Gold in India Priced?
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)
6) Purity of Gold!

(8/16)
7) Gold Investment Options in India
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)
8) Pros & Cons of Options

(10/16)
9) SGBs is something I like and feel is probably the best instrument if you see GOLD as a long term investment.
9.1 Attractive pricing in Primary (Disc. on Digital Purchase) & Secondary Market
9.2 Annual Interest Component - 2.5% Annual Return

(11/16)
9.3 Tax Benefits - Tax Free after holding period of 8 Years!
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)
in funding Govt. deficit! Govt. is not buying Gold for SGB, at the end its a promissory note based on gold prices. Metal lease rates are b/w 1.5-2.5%, so interest offered is based on that! Hence very different from buying Gold Bars.

Instrument not well discovered...

(13/16)
... and hence Liquidity in the secondary market is poor. Not being marketed as nicely as MFs, overtime market will deepen over time!

10) Digital Gold - By Digital Gold anytime and anywhere at the same price across the country - Tier 2 & 3 cities have...

(14/16)
physical gold prices which are higher than Tier 1 cities - Digital Gold is uniform, Main Purpose-Democratise investment in Gold - low ticket investments as well. Total Cost of buying & selling is 6-7% because of GST & Markup! Risk of platform and digital gold provider!

(15/16)
11) Discussed SGBs & Digital Gold coz of the easier purchase model but below is rating for various options of all gold buying modes according to six criteria!

This was a really insightful talk & I definitely know more now! Thank you @PositiveGamma for this! (16/16)

Fin.
Sorry for the Typos😅😅😅
Another Great article I read last week on this topic!

https://t.co/lg7G0uHzTH
Adding 3 great videos by @WeekendInvestng to this thread, love the daily bytes!

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)
Adding another great video on a Framework for asset allocation b/w Gold vs Equity in your portfolio - https://t.co/a1BtKuJB5C

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Vineet Patawari
Vineet Patawari
@vineetpatawari
Better way to Invest in Gold -

The new Sovereign Gold Bond (SGB) issue opened today for subscription for 5 days from 17-21 May.

Thread on why consider SGB bonds vs physical gold this year-

1. Earn Interest:

Big Advantage - SGB offers 2.50% per annum interest. It will be credited to your bank account once every 6 months.

Physical gold sits ideal, gold bonds earn you money.

2. Safety:

Keeping gold safely is one of the major challenges that people have to face when buying gold.

However with SGB, gold is safe in a vault under Government surveillance.

Your bond can be kept in Demat format.

3. Purity:

Checking the purity while buying Physical Gold is a common problem but investing in SGB saves you from having to go through the trouble of checking purity as it is being issued by the Government and each unit you buy is backed by 99.9% pure 24-carat gold.

4. Collateral:

One of the lesser-known advantages of Sovereign Gold Bonds is that they can be hypothecated for taking loans which makes it equivalent if not better than buying physical gold.
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#GOLD$-1896

Last support 1830$. Below this ...
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