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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.)

Temple of Faith, Arena of Conflict

Sukhbir Singh Badal

The attempt on Sukhbir Singh Badal’s life at the Golden Temple is a chilling reminder of Punjab’s volatile interplay of religion, politics, and governance. The sight of the Shiromani Akali Dal (SAD) leader, performing penance as a sewadar under the Akal Takht’s directive, was meant to symbolize accountability in politics. But the sanctity of his penance was shattered by a gunman’s brazen act, leaving Punjab grappling with a troubling resurgence of its past.


Predictably, the attack has snowballed into a political maelstrom, underscoring Punjab’s precarious security situation. The assailant, Narain Singh, reportedly linked to the notorious Khalistani group Babbar Khalsa, has a dark history. He was a key figure in the 2004 Burail jailbreak, which freed the assassins of former Chief Minister Beant Singh. That such a figure could approach one of Punjab’s most high-profile politicians at its holiest site speaks volumes about the state’s security challenges.


Compounding the issue are allegations involving police complicity, with CCTV footage purportedly showing a police officer shaking hands with the shooter. These claims have further muddied the waters, casting doubt over the credibility of law enforcement.


The SAD’s long tenure, punctuated by controversial decisions like pardoning Dera Sacha Sauda chief Gurmeet Ram Rahim Singh in 2007, alienated many among its core Sikh constituency. The Akal Takht’s rare public censure of Badal was a reflection of these strained ties.


Punjab’s current government, led by Bhagwant Mann and the Aam Aadmi Party (AAP), has painted the attack as a testament to its readiness and the quick action of the police. However, opposition parties like the BJP and Congress have seized on the incident to highlight the deteriorating law-and-order situation. SAD, predictably, has turned the tables, pointing fingers at the police and raising questions about the role of senior officials.


The Golden Temple has often found itself at the centre of Punjab’s turbulence. The attack on Badal brings back uncomfortable memories of Operation Bluestar in 1984 and the insurgency that followed, a period when Punjab teetered on the brink. Today, the state’s challenges are less overtly violent but no less insidious. Drug trafficking, unemployment, and an emboldened diaspora pushing separatist narratives all contribute to a precarious milieu.


The attack also raises broader questions about the role of religion in Punjab’s politics. The intertwining of faith and governance has long been a double-edged sword for the state. While religious institutions have often served as a source of moral authority, they have also been arenas for political contestation. The Akal Takht’s involvement in Badal’s penance is a case in point, reflecting the enduring influence of Sikh religious bodies in shaping Punjab’s political discourse.


For Badal, this incident might offer a strange sort of vindication—a reminder of the political capital he still holds as the leader of Punjab’s oldest party. Yet it also exposes his vulnerability and the long road ahead in regaining trust among voters. For Punjab, it serves as a wake-up call: security, governance, and political stability are all teetering, demanding urgent and coordinated attention.


While Badal escaped with his life, Punjab’s body politic has sustained yet another wound. Healing will require more than quick condemnations and political point-scoring; it demands a deep introspection into the state’s governance and its leaders’ accountability. The question is whether Punjab’s leaders are willing to rise to the occasion or whether the state will continue to grapple with the ghosts of its past.

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