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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.)

England’s Swashbuckling Swagger Sinks into a Snooze-Fest

How the mighty have fallen—or rather, how the mighty have been forced to sit down, sip some chamomile tea, and play like it’s 1995. England’s Bazball revolution, that testosterone-fueled, chest-thumping, boundary-bashing philosophy, got a proper spanking at Lord’s this week in the India vs. England Test. On a slow, dry pitch that looked like it was plotting to turn into the Sahara by day five, England’s batters were reduced to prodding and poking like nervous accountants at a tax audit. Three runs an over? Is this cricket or a funeral procession?


Let’s set the scene. Lord’s, the so-called Home of Cricket, was dressed up in its Sunday best, ready to host another chapter of Bazball’s Greatest Hits. Except, someone forgot to tell the pitch it was supposed to be a flat belter for England’s cavaliers to plunder. Instead, it turned up like a grumpy uncle at a family reunion—dry, uncooperative, and ready to make everyone miserable. India’s spinners, led by the wily Washington Sundar, who probably spent the night whispering dark spells into the turf, licked their lips and got to work. The result? England’s batters, usually swinging like pirates in a rum-soaked tavern brawl, were tamed into submission, crawling along at a run rate that made Geoffrey Boycott look like Glenn Maxwell.


The Bazball faithful in the stands must have been gutted. They came expecting pyrotechnics—Joe Root reverse-scooping Jasprit Bumrah for six, Ben Stokes charging down the track to loft Ravindra Jadeja into the Mound Stand. Instead, they got Zak Crawley poking at deliveries like he was defusing a bomb, and Ben Duckett playing with the intensity of a man choosing wallpaper samples. Three runs an over? I’ve seen faster scoring in a chess match. The Long Room probably started serving decaf just to match the vibe.


Let’s talk about the culprits. The pitch, for one, deserves a stern talking-to. It was so slow and dry it could’ve doubled as a set for a Mad Max reboot. Every ball seemed to take an eternity to reach the batter, giving India’s spinners enough time to solve a Rubik’s Cube between deliveries. Jadeja, with that devilish grin, was tossing up deliveries that spun like a politician dodging a question. Poor Ollie Pope looked like he was trying to read Sanskrit while facing him, his bat waving around like a white flag.


Then there’s England’s own Bazball bravado, which, let’s be honest, has always been one bad day away from looking like a midlife crisis. The philosophy—attack everything, fear nothing—works when the pitch is flatter than a pancake and the bowlers are spraying it like a toddler with a garden hose. But on a Lord’s track that’s turning like a corkscrew? Good luck, lads. Stokes, the ginger general, tried to rally the troops with his usual “let’s smack it and see what happens” vibe, but even he ended up playing a forward defensive that would’ve made Alastair Cook shed a tear of pride. The irony? England’s most aggressive captain since Douglas Jardine was forced to channel his inner tortoise.


India, meanwhile, were loving every minute of it. Shubman Gill, sipping chai in the slips, was probably composing a victory poem in his head. Bumrah, with that slingshot action, was unplayable, sending down yorkers that had England’s batters questioning their life choices. And don’t get me started on Jadeja, who was spinning the ball so much it looked like it had its own GPS. India didn’t just outbowl England; they outsmarted them, outfoxed them, and probably out-tangoed them in the team hotel’s dance-off the night before.


So, where does Bazball go from here? Do they double down, come out swinging, and risk looking like lunatics on a pitch that’s crumbling faster than a digestive biscuit? Or do they admit that sometimes, just sometimes, a bit of old-school Test cricket nous might be the way to go? Knowing Stokes, he’ll probably try to reverse-sweep a bouncer on day four just to prove a point. But for now, Bazball’s been muted, its volume turned down from 11 to a whimpering 2. Lord’s, that grand old stage, has spoken: even the brashest of revolutions can’t always bully a pitch into submission.


And as for India? They’re probably back at the hotel, toasting their dominance with mango lassi and plotting how to make England’s batters cry again. Bazball, you’ve been served. Time to dust off the old textbook and remember how to grind. Or, you know, just pray for rain.


(The writer is a senior journalist based in Mumbai.)

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