@Cyberdude Do you know
India bought 3.5 tonnes of gold bullion last month, raising its Q1 total to 7.3 tonnes . The central bank now holds 794.6 tonnes of gold in its reserves.
"Looking at weekly data from the Reserve Bank of India, it shows that their #gold reserves rose by 3.5 tonnes in March. This lifts Q1'23 net purchases to 7.3 tonnes, and total gold reserves to 794.6 tonnes,"
Gold is trading firmly above $ 2020 USD. Gold is considered a hedge against inflation
Gold and other precious metals have long been considered a smart way to fight inflation. That's because it tends to hold its value and preserve your purchasing power over the long haul, despite fluctuations in the dollar.
"As inflation continues to run high, this might be an excellent time to increase allocations to gold," says Frank Trotter, president at Battle Bank. "Over time, analysts have shown that gold has been a good hedge against inflation."
If you see in the last few years Gold / Silver have given the best assured returns over the short / medium term and the war between the some countries haven't stopped yet and threat from China is a prime factor in the world. So for me Precious metals are the safest option for consideration.
Zerodha (Trading & Demat Account)
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