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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.)

Language row: Stalin slams UP CM; says 'darkest political black comedy'

  • PTI
  • Mar 27, 2025
  • 1 min read

Chennai: Tamil Nadu Chief Minister M K Stalin on Thursday lashed out at his Uttar Pradesh counterpart Yogi Adityanath on the language row, dubbing his remarks as "political black comedy" and said his state was not opposing a language, but its "imposition and chauvinism".


He claimed Tamil Nadu's fair and firm voice on the two language policy and fair delimitation "is echoing nationwide¿and the BJP is clearly rattled."


"And now Hon'ble Yogi Adityanath wants to lecture us on hate? Spare us. This isn't irony¿it's political black comedy at its darkest. We don't oppose any language; we oppose imposition and chauvinism," Stalin said in a post on 'X.'


"This isn't riot-for-votes politics. This is a battle for dignity and justice," he added.


Stalin was reacting to Yogi's reported allegations that the DMK government was indulging in divisive tactics by using language issue.


BJP state president K Annamalai lashed out at Stalin, the ruling DMK president.


"The whole country now knows that the Chief Minister of Tamil Nadu's family owns private schools that teach three languages & more but opposes the same policy for the state's Government school students..." he claimed.


"TN CM thinks that the orchestrated drama by his partymen in pockets here and there reflects the voice of entire TN. It is also unfortunate that you haven't realised that your attempts to divert people's attention to insignificant matters have been exposed. Live in your blissful world of ignorance, Thiru @mkstalin. We will not disturb you," he said in the post on 'X,' responding to Stalin's criticism.

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