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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.)

Punjab grenade attack: Lawrence Bishnoi aide behind blast at BJP leader’s home, ISI link suspected



The grenade attack at BJP leader Manoranjan Kalia’s house in Jalandhar, Punjab, was planned by Zeeshan Akhtar — a close aide of gangster Lawrence Bishnoi and a wanted suspect in the murder of NCP leader Baba Siddique — according to sources in the Punjab Police.


The same sources also revealed that Pakistan’s intelligence agency, ISI, was involved in a larger conspiracy to disturb religious harmony in Punjab and that the attack was planned from across the border.

 

The explosion took place early Tuesday at Mr. Kalia’s residence. He is a former Cabinet minister and ex-BJP state chief. The blast damaged an aluminum partition and shattered window panes of his house and vehicles. Fortunately, no injuries were reported. Mr. Kalia was at home when the attack occurred.

 

This incident is the latest in a string of explosions across Punjab, which has led Opposition parties to criticize the Bhagwant Singh Mann-led government. Punjab Minister Mohinder Bhagat blamed those who “could not digest the all-round development of the state” for the attack.

 

Police sources said the person who threw the grenade has been arrested and the e-rickshaw used in the crime has been recovered.

 

Interestingly, shortly after the explosion, Happy Passia — a terrorist from Babbar Khalsa International — claimed responsibility for the attack. This has raised suspicions that the Lawrence Bishnoi gang may be collaborating with Khalistani terror groups and Pakistan’s ISI, a theory that security agencies have been investigating for some time.

 

In the past year, Punjab has seen up to 12 blasts. Happy Passia’s name has come up in several investigations, and gangster Jeevan Fauji is also believed to be involved. Many of these attacks have targeted police establishments in Amritsar.

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