Will you be concerned?
If despite paying high taxes, your 100Rs effectively becomes 96Rs by the next year for no fault of your own?
👇👇
If despite paying high taxes, your 100Rs effectively becomes 96Rs by the next year for no fault of your own?
👇👇
1/This is already happening. Here is the math:
- If you go deposit 100Rs in your bank in India
- You will get a 2-3% savings deposit rate
- Inflation in India is 6.5%
So your 100Rs becomes 96Rs by next year, for sure.
- If you go deposit 100Rs in your bank in India
- You will get a 2-3% savings deposit rate
- Inflation in India is 6.5%
So your 100Rs becomes 96Rs by next year, for sure.
2/The argument that currency (INR, USD) is a great STORE OF VALUE is not valid anymore.
It is losing 4% value each year.
Yes, INR/USD is a great medium of exchange, but you are paying a lot of money for this convenience.
It is like paying 4% convenience fee on cash.
It is losing 4% value each year.
Yes, INR/USD is a great medium of exchange, but you are paying a lot of money for this convenience.
It is like paying 4% convenience fee on cash.
3/ Up until now, GOLD seemed like a great hedge against this trend. The reason was:
- If you buy 100Rs of Gold, it will still be worth 100Rs of Gold by next year.
- But here is the problem with Gold: it has a long cycle and right now prices are stabilising/downtrend.
- If you buy 100Rs of Gold, it will still be worth 100Rs of Gold by next year.
- But here is the problem with Gold: it has a long cycle and right now prices are stabilising/downtrend.
4/Since gold is not giving adequate returns, people are looking for better options.
Bitcoin walks in!
- It is mathematically designed
- Transparent & a fixed supply
- Is a better medium of exchange than gold (there are 20K businesses that accept Bitcoin btw)
Bitcoin walks in!
- It is mathematically designed
- Transparent & a fixed supply
- Is a better medium of exchange than gold (there are 20K businesses that accept Bitcoin btw)
5/It would not be an overstatement to say: Bitcoin is a better version of gold.
I am not saying that go buy Bitcoin or XYZ crypto (that is for you to study), but tell me a better option that solves the problem of your money evaporating each year.
I am not saying that go buy Bitcoin or XYZ crypto (that is for you to study), but tell me a better option that solves the problem of your money evaporating each year.
6/ These are some of the points that I covered on my podcast with The Hindu:
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