I recently met an investment banker who was telling me how he felt Gold would crash and didn't agree with my optimistic views on Gold. He quoted Mr. Warren Buffett and told me how he never believed in investing in Gold as it was a non-productive asset. People simply bought it and kept it in the locker, in hopes that prices went up. I have great respect for everybody, specially people like Mr. Buffett who inspire millions to be wealthy investors.
However, being inspired doesn't mean following anybody blindly. You can't create wealth if you blindly follow others, in fact you need to believe in yourself and create your own path. Gold might not be a productive asset on its own, but tell me is a Rs. 1000 note a productive asset on its own? It is a store of value and can be exchanged for a productive asset. Gold is just like that Rs. 1000 note and is a store of value.
This investment banker friend of mine went on to say, how the IMF would be selling Gold and how prices will head downwards. I don't like to argue with people who have made up their mind and are closed to new ideas. There isn't any sense in winning arguments, as investing isn't about personal ego and proving who is right and who is wrong. At the end of the day, the person who creates wealth is right. Time is the best judge.
My advice to all fellow Happionaires is to follow this principle when it comes to investing and never give advice to those people who don't respect your advise. Why waste our time giving knowledge to those who don't respect Saraswati? We all know what happened to those who didn't follow our ways in the past, they lost out valuable opportunities. The same thing is once again going to happen with those who don't look at Gold today.
Large insider investors love playing games with the masses. They control their psychology and minds and make them feel helpless. By now all fellow Happionaires here would already know about these games. First they spread wrong information about how prices are going to crash; they might even sell an asset in small quantities to actually make prices fall a bit.
The masses panic and rush to sell, pushing prices down even further. The insider investors start buying while the masses sell in a panic. Only to realize that after a few months prices of the same asset double. I have seen this game being played over and over again.
Gold is seeing the same game being played. The information I have on gold makes me extremely confident on it. I wouldn't be able to share everything on it here, as one would need to understand the history of Gold and the true reserves of it on our planet. But besides me there is a small minority who already know this, and anyone having such information will certainly want to own gold.
The real world teaches us much more than sitting on a laptop. I will give all of you a small task to find out the real situation of gold. Find out what is the price of a 20 gram gold coin from your local banker or jeweller. Compare that to the price of gold being quoted on the gold ETF or in the mass media. Is there a major difference? Now just to see how rare supply of gold is, just try finding out if larger quantities of gold are available. For instance try finding out if you can buy 100 kilograms of gold and at what price you will get it. You might not wanting to buy that much gold, however you will get an actual idea about how much supply is there and if people are willing to sell.
The real world will always tell you the truth. Do you agree? Share your views in the comments section.
Keep smiling and never stop learning!