BREAKING ๐จ: Silver
Silver has now lost half its value since hitting an all-time high in January ๐๐
Exact Top made at 29th January
#Silver#Gold#Commodities
LOVE FOR MONEY by Srikanth Matrubai at Radio City 91.1 FM
Question of the Week:
NSE has launched electronic gold receipts (EGRs). What does this mean, and how do I buy/sell?
Srikanth Matrubai answers:
Simpleโ1 EGR = 1 gram of gold in a SEBI-approved vault, held in your demat.
Why it matters (3 points):
1. Start with 1 gram
2. Live exchange pricing (no making charges)
3. No storage/purity issues
You donโt buy jewellery or barsโyou own gold digitally, backed by real physical gold stored safely in SEBI-approved vaults.
How to BUY (4 steps):
1. Open trading + demat account
2. Search โEGRโ on NSE platform
3. Choose quantity (e.g., 10 = 10 grams)
4. Place buy order (like shares)
How to SELL (3 steps):
1. Go to holdings
2. Select EGR units
3. Place sell order at market/limit price
Example: โน1 lakh โ ~100 grams EGR vs jewellery (losing ~8โ12% in charges)
Wedding example:
If you need 100 grams for a wedding after 2 years, start buying 5 grams/month via EGR (total 120 grams). Close to the date, sell EGR and buy jewellery onceโavoiding repeated making charges and price shocks.
Use for 5โ15% portfolio allocation, not for emotional buying.
Every Friday, the questions answered during the daily show LOVE FOR MONEY at Radio City are posted.
Srikanth Matrubai | ARN-51423 | AMFI Registered Mutual Fund Distributor
Disclaimer: Investments are subject to market risk. Please read all documents carefully before investing.
Official salaries:
โข MP: โน1.24 lakh
โข MLA: โน75,000 to 1 lakh/month
โข IAS officer: Basic pay โน56,100/month + Allowances
Elite foreign university costs per year:
โข Harvard University: $90,000
โข Stanford University: $96,000
โข Oxford University: ยฃ62,820
Thatโs โน75โ 90 lakh per year, per child.
With these official incomes, how are bureaucrats and politicians able to send their kids to some of the most expensive universities in the world?
Think about it.
Pluto+saturn+jupiter..2020/21
Dance of death via epidemic
Neptune+saturn now..complete reset through power,currencies & commodities(high visibility by early 2027)
Uranus+saturn+Mars..2031/32
War through missiles & chemical warfare.
Thousand+ posts written on matter.
The greatest AHA moment of every losing trader who finally turned the corner?
It wasnโt better entries.
It wasnโt more discipline.
It was this:
โI was so obsessed with risk management... I ended up chasing low RS setups. The chronic under-performers, thinking they were 'safe'.โ
In trying to avoid pain, they chose mediocrity.
As Merton said:
โThe more you try to avoid suffering, the more you suffer, because smaller and more insignificant things begin to torture you in proportion to your fear of being hurt.โ
Managing Risk in Bad Market Environments, or in Laggards and expecting to make money is the same as expecting to build a fit body by only doing Bicep Curls.
here is the real heirarchy:
The math most traders donโt want to hear:
โ Lose 10% = need 11% to recover
โ Lose 25% = need 33% to recover
โ Lose 50% = need 100% to recover
The deeper the hole, the harder the climb. Most accounts don't die from bad trades. They die from big losses.
So as a trader your top priority should not be to make money, it should be to save yourself from big losses, once you do that and focus on โsurvivalโ you automatically set yourself up for success.
A few TradingView tools that can seriously level up your trading game ๐
(Make sure to check the entire thread. Some of the most powerful Cash and FnO indicators are included!)
๐งต Thread โ Share & Retweet if you find this useful.
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