Losing confidence in INR as long term store of value (Discussion)
Despite paying over 35-40% taxes (in total) our supreme leader has audacity to ask us for INR conservation for imports meanwhile hasn't done one thing himself to lead by an example. When crude/bbl was $40-50 they happily enjoyed all the surplus even with their 20% sigarcane juice infused stuff. Now that the situation has worsened, crying in front of citizens.
I have actually decided to double down on USD and gold investments. Doing descent for 3-4 months of investment horizon. Losing trust in INR day by day. Not really sure what will he the condition at the retirement age and there would be any significant value to even 3-4 Crores few years down the line
Thoughts?
u/Casp3r_ghOst — 3 days ago