Gold is on fire:
World central banks’ gold holdings now reflect 27% of total foreign reserves, the highest share in 29 years.
At the same time, foreign holdings of US Treasuries as % of reserves have declined to ~23%, the lowest since the 2008 Financial Crisis, per Crescat Capital.
In other words, global central banks now hold more gold than Treasuries for the first time since 1996.
This trend began a decade ago and accelerated in 2022 after G7 economies froze Russian foreign exchange reserves.
Since 2015, reported global central bank gold holdings have risen +3,500 tonnes, reaching ~36,500 tonnes, the highest since the 1970s.
Foreign central banks are still stocking up on gold.
I have never shared this before. But after many requests, I have decided to share my Zero-loss time based straddle selling strategy. Please retweet for wider reach. Let us learn together, earn together
Step 1: This is the most important. Do not trade using cash margin. Your cash will idle. Use pledging of bonds to get margin for your trade.
Step 2: Now comes which instrument to select for this. I would suggest a 3-10 year India Government bond yielding 7%+ for this. Buy this on your broker, or on RBI auction
Step 3: Great move. So now your bond will give you 7% every year as long as you hold it. You are now ready to pledge this to release margin to do your straddle
Step 4: Take 200+ NIFTY weekly OTM call and put. Add to your watchlist
Step 5: Most important. Change your mind about that straddle selling trade. Delete your watchlist. Close your trading terminal. Realize that there is no such thing as Zero Loss Strategy.
Your bonds will still give you 7% every year and you can hold them to maturity. Peace out in sovereign guarantee. Live a nice life.
@IndianTechGuide Planes take off empty because of traffic so no delays, perfect 😂.
But seriously Indian cities need to have better public transportation now
@InvestmentBook1 Trying to value an asset just by one number is vanity, it is just a way of justifying what we do with our and investor money, as the lowest and highest returns probable, as seen from the outside.
M'm @DrKanimozhiSomu, we @HemophiliaHfi Thank you for raising the issue of hemophilia. We are highly indebted to you for enlightening the Union Legislature on the need to take proactive steps and to have a comprehensive program with prophylactic care for #Hemophilia.
Ridiculous businesses that zero interest rates created:
- 15 minute grocery delivery
- Buy now, pay later
- Algorithms for buying homes
- Metaverse offices
When capital is cheap, weak ideas can raise billions.
Now, we will see which businesses actually work.
Happy Diwali to everyone, let's build a prosperous nation and world, move
From Status to Substance.
Let us Build a world with great infrastructure and opportunities for everyone.
@TheFactFindr Western world would have overplayed it's hand by sanctioning India and others for buying energy from Russia this time. With a significant damage to the global sentiment towards them.
@TheFactFindr You are right they need to make disclose the savings on a latter date when everything calms down, but the risks of sanctions were quite low when whole of the Europe was buying oil and gas from Russia, and with no Venezuelan or Iranian oil in the market.