Here comes one more data which I just compiled 👆🏼
_The Glittering Gold_
About 56 years of gold price in India (INR terms)
_Price_
_Price change from previous year_
_% Price change from previous year_
_CAGR from that year untill 2 May 2020 Price_
Some stats which I derived....
_16 instances when the price of gold moved beyond 20% from the previous year (year end closing fig only) I.E. about 28.57% hit rate_
_56 years CAGR in INR is 12.47%_
_42 years CAGR is 9.93%_
_30 years CAGR is 9.25%_
_20 years CAGR is 11.97%_
_10 years CAGR is 9.42%_
_6 years CAGR is 8.43%_
_3 years CAGR is 15.34%_
_2 years CAGR is 20.34%_
_About 1 year return is 29.26%_
These are 24 carat gold prices
_I will prefer not to get into the ornamental gold price because 🤦🏼♂️🤦🏼♂️🤦🏼♂️.....we loose tonnes of money there when we try to buy or sell it back_
Bottomline.....
_EVERYTHING SHOULD RETURN TO A MEAN PRICE IN THE LONG RUN_
_GOLD GLITTERS....BUT SHOULDN'T BLIND US (especially now)_
_One should probably hold only as much as one should. Anything in excess is bad & anything which is not held at all, is also bad_
[02/05, 11:10] Rajesh Emani: INR Gold price is derived from
_$ Gold price_
_INR depreciation / appreciation against the USD $_
_Govt policy on duties etc._
Personally, we have no control on all the above 3 variables 🙂
Btw..... _$ gold price is still lower than its 2012 price_
_Gold is good_
Yes, good only as much as sugar in a coffee.
But, _Did anyone see the comparison with Equity Returns_😀
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