Perceived value. You would have heard it – beauty lies in the eyes of the beholder. Same is with Gold. Banks, Govts, Hedge Funds and Investors all end up being in a gold buying frenzy when uncertain time comes in.. (2/n).
— Puneet Agarwal (@banyanfa) August 11, 2020
Just today read a news article that #COVID19 #vaccines has been launched by Russia and Putin's daughter has already taken the jab. If that is true and if the vaccinee is even half close to perfection, the key driver behind uncertainity will vanish quickly .. (4/n)
— Puneet Agarwal (@banyanfa) August 11, 2020
And the moment the buying stops, and even a dosage of selling starts, there won't be a shelter for 'pented' demand consumption at such an emotionally and perceived expensive levels. next steps – #Gold/ #Silver will come crashing down.. (6/n)
— Puneet Agarwal (@banyanfa) August 11, 2020
But if the vaccine doesn't work – we are back to the Gold / Silver frenzy. Happy and sane investing !
— Puneet Agarwal (@banyanfa) August 11, 2020
I would rather stay disciplined to my #assetallocation and avoid anything in excess.
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