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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its...

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its worth not only during festivals, but also during uncertain times. Whenever the world faces wars, inflation, currency weakness, economic slowdown, or financial panic, investors across the globe look at gold as a safe haven. This is because gold has a unique quality. It is trusted across countries, cultures, and generations. It does not depend on the promise of one government, one company, or one currency. Why Gold Holds Value Unlike paper currency, gold cannot be printed endlessly. Unlike businesses, it does not depend on profits or management quality. Unlike real estate, it is globally accepted and easily valued. This is why gold continues to remain one of the oldest and most respected stores of value. It has survived centuries of change, economic cycles, wars, and financial crises. The Right Role in Your Portfolio That said, gold should not be treated as a shortcut to wealth creation. Equities and equity mutual funds still remain essential for long-term growth. Gold plays a different role. It brings balance, stability, and protection to your portfolio. When equity markets are volatile or global uncertainty rises, gold often provides comfort. A sensible allocation of around 10-20% to gold can help reduce overall portfolio risk.  So basically, while stocks and equity mutual funds play the lead role in your long-term financial goals, gold plays the supporting but essential role. Physical Gold Has Limitations However, the way you invest in gold matters. Buying physical gold during festivals may feel emotionally satisfying, but it comes with practical challenges. There are making charges, purity concerns, storage issues, risk of theft, and liquidity problems. A necklace may be beautiful, but you cannot easily sell only a small portion of it when you need money. Also, when gold is bought as jewellery, the investor often forgets to calculate the actual return after making charges and deductions. Smarter Ways to Invest This is where Gold Mutual Funds and Gold ETFs become useful. They allow you to invest in gold without worrying about lockers, purity, theft, or storage. You can invest flexible amounts, start SIPs, track value easily, and redeem conveniently when required. For investors who want gold as part of their financial plan, these options are far more practical than buying jewellery purely as an investment. Tradition with Financial Clarity Akshay Tritiya is a beautiful reminder that wealth should be built with faith, patience, and clarity. Buying gold is auspicious, but buying it in the right form is financially wise. This Akshay Tritiya, celebrate tradition - but also upgrade your financial thinking. Because true prosperity is not just about owning gold. It is about owning it smartly. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Buried Twice Over

Darfur reels from a landslide even as war, famine and siege push Sudan deeper into one of the world’s worst humanitarian crises in recent decades.

Sudan’s western region of Darfur, long synonymous with man-made catastrophe, is now reeling from one of nature’s deadliest blows. The first day of this month saw a landslide obliterate the village of Tarasin in the Marrah Mountains, killing more than 1,000 people. Rebel commanders of the Sudan Liberation Movement/Army (SLM/A), who control the area, described the settlement as “completely levelled to the ground” and appealed for international help to recover the dead. The government in Khartoum, itself locked in a desperate civil war, promised to mobilise all possible capabilities. In practice, little aid is likely to reach the mountains, more than 900 km west of the capital.


Darfur is no stranger to tragedy. In the early 2000s it became the scene of genocide, as Omar al-Bashir, Sudan’s Islamist strongman, armed the Janjaweed militias to suppress a rebellion. Villages were torched, women systematically raped and non-Arab groups targeted for extermination. The atrocities earned Bashir an indictment at the International Criminal Court. Two decades on, the actors have changed but the dynamics remain grimly familiar. The Janjaweed’s heirs have re-emerged as the Rapid Support Forces (RSF), a powerful paramilitary that turned its guns on Sudan’s army last year. Since April 2023 their conflict has dragged Sudan into one of the world’s worst humanitarian crises.


The siege of El Fasher, Darfur’s last city under army control, has become emblematic of that suffering. For more than 500 days the RSF has cut off the city, bombarding neighbourhoods and starving civilians into submission. Over 600,000 people have fled, while those left behind now subsist on leaves and animal feed. Forty-one health facilities have been destroyed, rape is used systematically as a weapon, and famine has already been declared in parts of the region.


Against this backdrop, Tarasin’s destruction is more than just another natural disaster. It illustrates how conflict magnifies the cruelty of nature. The Marrah Mountains, a volcanic massif rising more than 3,000 metres, have long been a refuge for civilians. Their cooler climate and higher rainfall offered shelter from the desert plains. Yet those very rains triggered the landslide that buried the village. The war has made rescue efforts all but impossible. Even in peacetime, seasonal rains in Sudan have killed hundreds annually, while floods last year collapsed a dam in Red Sea state.


The war itself is reshaping Sudan’s political geography. After losing Khartoum earlier this year, the RSF has sought to entrench itself in Darfur, where it retains ethnic ties and logistical networks. Capturing El Fasher would give it near-total control of the west and allow a rival government to emerge. The SLM/A, fragmented since its heyday two decades ago, has pledged to side with the army against the RSF. Yet such alliances are opportunistic, reflecting Darfur’s role as a battleground not just between Khartoum’s forces but among a kaleidoscope of local militias.


Since independence in 1956 Sudan has lurched from civil war to famine to dictatorship. In the 1980s drought and conflict devastated Darfur, sowing grievances that later fed rebellion. In 1989 Bashir seized power in a coup, promising order but delivering decades of misrule and economic collapse. When he was ousted in 2019, many hoped Sudan might finally escape its cycle of war. Instead, the uneasy power-sharing between the army and RSF unravelled into open conflict. Once again, civilians are paying the price.


While Ukraine and Gaza dominate headlines, Sudan’s war that has already displaced 11 million people - more than any other current conflict - has been largely forgotten. Appeals for aid are met with donor fatigue. Relief convoys are looted or blocked while safe humanitarian corridors remain elusive. Without pressure from regional powers such as Egypt, Saudi Arabia and the UAE, or from outsiders like America, there is little chance of halting the carnage.


Unless Sudan’s war is checked, Darfur will remain doubly cursed: condemned both by history and by nature itself.


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