@moneyworks4u_fa Bangkok has much better facilities than India.
And Bangkok is no way cheaper than India. After all this currency deprication.
Look for INR vs Thai Baht. INR is continually depreciating so that’s the benefit for them once they have converted the wealth into Baht
BREAKING: Global central banks acquired +17 tonnes of gold in April, the 2nd monthly purchase this year.
This marks a sharp reversal from March, when central banks sold -30 tonnes of gold driven by Turkey and Russia.
Poland led purchases at +14 tonnes, bringing its year-to-date total to +45 tonnes, with gold reserves now at 595 tonnes.
China added +8 tonnes, the biggest monthly addition since December 2024, bringing official gold reserves to a record 2,322 tonnes, or ~9% of total reserves.
China has now purchased gold for 18 consecutive months.
Central bank demand for gold remains incredibly strong.
I think 1.3L in gold and 2L in silver can be touched in next week if CB buying doesn’t come.
Usually CB starts buying around 4-4.5K dollar per ounce.
Interesting week ahead !!
@datta_arvind@Sadafsayeed@DilipSharma31
@deepaktwitsu@CNBCTV18Live@sudarshankr just enough so that I stay in retail category for buyback.
it has been the biggest chunk in my portfolio from 2017-18
portfolio stocks according to RSI weekly close:
Excellent setup in NSDL & RBL
Rest attached.
Booked IT trading positions. now TCS is the biggest holding in portfolio and down 25-30%
not a recommendation.
@DilipSharma31
Mutual fund portfolio continues to outperform Nifty
@ashumadan4@Mitesh_Engr I’m only buying on lower levels. Stopped that nonsense of buying at every level.
When markets r at high or overvalued, either I buy ICiCi multi asset fund and OR park that money in liquid.
This strategy worked even prior to 2020 bull run.
Takes not more than 15 mins a month