gold
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Gold and Conservatism
Gold as Preservation, Not Creation of WealthKeeping wealth in gold is essentially an act of preservation, not production. Gold is a store of value — it does not generate new goods, services, technology, or productivity. It protects purchasing power across time, but it does not expand economic capacity.Economic growth, by contrast, requires productive assets —… Continue reading
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Gold’s Saga
https://www.linkedin.com/posts/krishna-khandelwal-1207a443_economy-indiagrowthstory-gold-activity-7428325793497321472-HvBp?utm_source=share&utm_medium=member_android&rcm=ACoAAAkxiagBGDNbwvvNx1sAEbNr3K4ZgPLInDE Continue reading
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Gold, GDP, and the Maturing Indian Saver
Gold, GDP and the Maturing Indian Saver: A Two-Decade PerspectiveIndia’s relationship with gold is civilizational. Yet, when examined through macroeconomic data over the last two decades, an interesting transformation becomes visible — not in emotion, but in economic behaviour.A comparative review of 2004–2014 and 2015–2025 reveals that India’s gold consumption has evolved in a manner… Continue reading
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Gold…what it is and can do
Gold is, in its physical form, a commodity whose value arises from scarcity and demand. Once adopted as money, however, it assumes an economic function that transcends its material nature. As a unit of account and medium of exchange, gold becomes the universal equivalent through which diverse goods and services are rendered comparable. Its value… Continue reading
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Gold, GDP and the Illusion of Safety
Gold is often discussed as a hedge, but its real behaviour is frequently misunderstood.The true measure of gold’s value is not its price in currency, but how large a basket of goods and services one unit of gold can buy.If global GDP rises because of higher real production and productivity, the supply of goods and… Continue reading
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Policy Proposal: Mobilising Household Gold for Productive Capital Formation
Indian households collectively hold one of the largest stocks of private gold in the world. On an average basis, a family today may hold gold worth nearly ₹25 lakh, with higher middle-class households holding gold valued at ₹1 crore or more, and even lower middle-class families holding ₹35–40 lakh. This gold serves as a financial… Continue reading
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Gold and Equities
The gold–equity ratio deserves consistent respect as a guiding signal for asset allocation. Both gold and equities are ultimately influenced by monetary expansion and the prevailing interest-rate environment, which makes their relative valuation a meaningful long-term indicator.Other developments—geopolitical events, policy shocks, or market sentiment—do play a role, but their impact is usually transient. Such factors… Continue reading
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Gold… Is it getting rightly valued now
Gold is expensive today—and it should be. The global production of goods and services is vastly higher than it was a century or two ago. In a stable monetary framework, gold prices would have reflected this long ago. However, the rise of fiat currencies distorted this relationship by offering returns through interest, detached from real… Continue reading
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About gold
Gold and other precious metals are currently trading at historically elevated levels, making it difficult to define a clear price range either in the near term or the long term. Such phases are not unprecedented. History shows that sharp rallies in precious metals are typically driven by heightened geopolitical tensions, inflation fears, currency debasement, and… Continue reading
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India’s Debt and Gold
An idea worth debating At current prices, about 4,642 tonnes of gold can settle India’s entire external debt of ~$726 billion.Estimates suggest that Indian households hold between 25,000 and 32,000 tonnes of gold — far more than what would be required for this purpose.Imagine, even conceptually, if a fraction of this idle wealth were monetised… Continue reading
Panch Tattva Wisdom 