Jim Walker, MD, Asianomics has expressed his frank and candid opinion on the state of gold and Indian share market and same is as enumerated below:
“Gold would be at the top of my list because there would still be the same people in charge of central banks. The only response that we have seen in Europe this week is to print more money or even cheaper money to the buying so that they print more money. If that is the case, then gold is the asset class of choice. I have just bought some ETFs in India in the Indian stock market because I thought that the rupee was very oversold. I am not so sure of the stocks at the moment, but this is a way of playing the stock market through a dollar index. The rupee at Rs 52 levels is certainly 10% oversold. I would be quite keen to have exposure to the rupee, not quite as keen as gold. I don’t think there are any strict avoids for the other ones mentioned. But, these two can likely be the best performers.
It makes sense to check out the advises as one may get inputs from the reliable and accurate stock advisory services and may help you to undertake the correct investment decisions. You can check about gold investment in India and can make a correct and judicious decision for your future.
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