Jim Rogers on CNCB, its relevant in Indian context as well. Rupee is dangerously low compared to dollar - perfect recipe for a disaster, if you think what the Rupee will buy.
http://www.cnbc.com/id/23588079/site/14081545/
Just my opinion is that what is happening is that central banks ( including RBI who assists this ) is robbing the middle class by pumping in fake money to prop up the markets. The hedge funds, wall street firms, and the wealthy individuals who can trade in multiple markets and use leveraged bets will survive, others shall perish first in times of trouble like this.
I have also attached a chart of India Fund ( as a proxy for Indian Stock market ) versus gold, silver, and commodities ( food and energy );
IndiaFund vs Gold - down about 40%
vs silver - down about 50%
vs commodities - down about 40%
And last one , Indian Rupee vs Euro.
So the Indian rupee buys a lot less than just a few months ago.
And if one is putting money in a fixed deposit during this period, that is a guaranteed way of becoming poor.
http://www.cnbc.com/id/23588079/site/14081545/
Just my opinion is that what is happening is that central banks ( including RBI who assists this ) is robbing the middle class by pumping in fake money to prop up the markets. The hedge funds, wall street firms, and the wealthy individuals who can trade in multiple markets and use leveraged bets will survive, others shall perish first in times of trouble like this.
I have also attached a chart of India Fund ( as a proxy for Indian Stock market ) versus gold, silver, and commodities ( food and energy );
IndiaFund vs Gold - down about 40%
vs silver - down about 50%
vs commodities - down about 40%
And last one , Indian Rupee vs Euro.
So the Indian rupee buys a lot less than just a few months ago.
And if one is putting money in a fixed deposit during this period, that is a guaranteed way of becoming poor.
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