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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.)

Exploring Denver's Parks, Landmarks, and Wildlife

Updated: Jan 9, 2025

Part Four

From marvellous parks to iconic landmarks, our journey through Denver and Colorado Springs was a captivating blend of nature, culture, and unforgettable experiences.

Denver and Colorado Springs

We arrived in the United States of America during the last week of September 2022, and our return to India was scheduled for the third week of November. I honestly can't comprehend how nearly one and a half to two months flew by so quickly. We had a marvellous time with the children, travelled extensively, celebrated both Dussehra and Diwali together, and truly enjoyed ourselves. The days seemed to slip away in the blink of an eye.


As the final week approached, we realised there was still so much more to see and do. Among the highlights of this week was our visit to the premises of the National Renewable Energy Laboratory (NREL), where Shubhankar works. Naturally, as it is a federal facility, prior permission is required to enter. Since we hadn’t secured it, we admired the beautiful and meticulously maintained establishment from the outside.


The laboratory conducts a significant amount of fundamental and advanced research on unconventional energy. It’s a hub of innovation, employing around four to five thousand scientists and other staff members, and Shubhankar is proud to be one of them.


After visiting the NREL campus, we made a stop at the well-known IKEA store, exploring its vast range of furniture and home essentials. From there, we headed to the centrally located and beautiful Washington Park in Denver, which turned out to be a delightful experience.


The park exudes tranquillity, with a serene lake at its centre, surrounded by sprawling green gardens that are impeccably maintained. It’s a peaceful retreat where many families and individuals come to relax and enjoy their holidays.


We saw people picnicking on the lawns, jogging along the pathways, and children happily playing in the open spaces. The park’s charm and lively atmosphere make it a truly wonderful place to explore and spend quality time.

Apart from this, our tour of Denver remains incomplete without visiting Downtown Denver, the Red Rocks Museum, the Arsenal Wildlife Reserve Park, and more.


The downtown area is similar to Mumbai’s Fort area, with extremely grand buildings, the magnificent University of Colorado Denver, the university campus, Union Railway Station, clean and grand roads, and the crowds due to its central location are characteristic of this Downtown.


The Red Rocks Museum, dedicated to the celebration of music, is truly a marvel of the world. Situated near the iconic Rocky Mountains, this music museum has become a major attraction for tourists from across the globe, and it’s easy to see why.


One of its most remarkable features is the magnificent amphitheatre, which was constructed in the 1920s. This open-air venue is capable of accommodating nearly 10,000 spectators and is renowned for its unique setting. Nestled amidst towering red rock formations, the amphitheatre offers a breathtaking backdrop that enhances the experience of every performance held there. The striking contrast between the natural red rocks on either side and the theatre in the middle creates a visual spectacle that is simply unparalleled.


The venue has hosted some of the best music bands and performers, not only from America but from around the world. For any artist, performing at Red Rocks is considered a dream come true, a milestone that holds immense prestige. The combination of its stunning location and its reputation for showcasing exceptional talent makes it an unforgettable destination for both artists and audiences alike.


The airport area and Downtown Denver, particularly the impressive Rocky Arsenal Reserve Wildlife area, are well worth a visit. Located close to the city, this 100-200 acre reserve offers a chance to stroll and observe free-roaming wildlife like bison, deer, and prairie dogs in their natural habitat.

For a more immersive experience, a one-hour safari in a covered vehicle takes you through this open wilderness, providing a glimpse into a world far removed from city life. It’s a serene and memorable way to connect with nature.


Another notable city in the state of Colorado is Colorado Springs, which is situated approximately an hour and a half to the south of Denver. This charming city exudes a distinctly European vibe, enhanced by its proximity to the majestic Rocky Mountains.


Colorado Springs has earned its reputation as one of the most scenic destinations in the region, and it consistently ranks second on the prestigious Best Places to Stay list. Its breathtaking beauty is unmatched, drawing visitors from near and far.


One of the city’s most iconic attractions is the Garden of the Gods, a stunning collection of both small and large red-hued rock formations that stand in stark contrast to the surrounding natural landscape. These unique geological features, combined with the city's picturesque setting, make Colorado Springs an unforgettable place to visit.


(The author is a director of a company. He has travelled extensively across India and overseas.)

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