My take on Modi's financial advice!
PM Modi recently "urged" people to not buy gold.
He could have increased taxes to increase the price to decrease the demand.
That tells us that he doesn't want to disappoint the voter base by increasing the taxes.
I personally think that gold is going to double in the coming year or two years.
I'm generally pro market and pro capitalism and pro nationalism and even pro Modi, but this I just cannot accept.
The rich people, the fund managers, all the gujju rich people sitting in Ahmedabad and Gift City won't stop buying gold even if we do it, so either way Rupee is going to go to 100 per dollar.
Gold is more real money than the currency which the government can print anytime in any quantity.
Generally I don't give unsolicited financial advice but had to put this out, couldn't stop myself.
What do you think about this?
Yours truly,
Rohan Shah.
