GOLD: God’s Own Currency
India's FIRST book on GOLD investments
India’s FIRST book to highlight several weaknesses embedded in Indian economy
India’s FIRST book to argue that the RUPEE was way too OVERVALUED at 39 in 2008 (the then Rupee:Dollar parity).
India’s FIRST book to CLEARLY suggest that an extremely OVERVALUED rupee (at 39) offered a superb opportunity to BUY GOLD.
India’s FIRST and ONLY book that recommended buying gold at $700/Oz. (Since then the price rose to as high as $1910.)
"Weak Economy, Strong Currency: The beauty is that in spite of all these embedded faults in our economy, our currency continues to roam in the sky."
"Learn From Others: While India is using its currency as a political tool to control inflation, other countries are trying tooth and nail to keep their currency from inflating beyond a point, obviously to gain mileage in exports arena."
“What lies behind the strength of the rupee? The simplest answer is the dollar inflows. But if the history of such infatuations around the world is any indication, in the end they prove to be nothing but fatal.”
“Any country which dreams of ceaseless foreign portfolio flows sooner than later wakes up to ugly reality.”
"Luckily, right now gold is available to Indians at bargain-basement prices. Thanks to rupee's rise against the greenback, currently gold is available at a price in India that is bound to reward long term investors."
"Since nobody can ensure the sustained participation of the foreign investors, nobody can guarantee the strength of the rupee. The day the markets realize the impact of $65 billion trade deficit, $90 billion crude import bill, Rs.16/kilo wheat, a +25% growth in non-crude-non-gold imports, and sustained weakness in agricultural production, the rupee will tank. The Emperor has no clothes and it is a matter of time before the rupee falls, as hard as the Thai Baht or the Indonesian rupiah fell during the Asian crisis."