Synopsis
According to the latest survey by the World Gold Council, 95% respondents expect gold reserves to rise in the next 12 months. This follows global central banks buying over 1,000 tonnes annually for the past three years, double the average from 2011 to 2021.
For years, the so-called financial wizards laughed at the Indian housewife’s fetish for gold. Economist John Maynard Keynes was no exception calling the yellow metal a ‘barbaric relic’. But the prudent Indian housewife showed the mirror to the financial veterans. Not only did the institutional investors have a new-found love for gold in recent years, the lords of the financial systems, those who print currencies that fill every wallet – the
Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories
& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &
in-depth stock reports
Subscribe Now
Worry not. You’re just a step away.
Sign In to Read for Free
What’s Included with
ETPrime Membership
ePaper – Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper – Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
Buy low & sell high with access to Stock Score, Upside potential & more.
BigBull Porfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
New York Times Exclusives
Stay globally informed with exclusive story from New York Times.
TimesPrime Subscription
Access 20+ premium subscriptions like Spotify, Youtube & more.
Docubay Subscription
Stream new documentaries from all across the world every day.