Rahul Jain

[Rahul Jain @rj79in]

@themarketsniper But these are the greatest, most beautiful Junk bonds … Same as Trump praising his “high” poverty numbers.
In the US, up is down!

[Rahul Jain @rj79in]

@JustinWolfers Interesting that he didn’t talk about all the hikes that he did with his friends and family.

[Rahul Jain @rj79in]

@DataChaz You failed to mention … now it’s BORING!

[Rahul Jain @rj79in]

@macroguru9 Hiking rates aggressively … how will that work in a supply shock? Raising interest rates won’t make oil suddenly available.
Keynesian economics never works. All raising interest rates will do is destroy the economy.

[Rahul Jain @rj79in]

@RiteshEconomist @RBI Nonsense … what’s stopping you from buying physical gold?
Has the Government impounded your passport that you cannot travel overseas?

[Rahul Jain @rj79in]

@Iam_Gane @SMahashur The US example is just an illustration that Governments can do as they please when faced with a financial crises.

[Rahul Jain @rj79in]

@Iam_Gane @SMahashur Arre baba what part of “enact a law” did you miss?

[Rahul Jain @rj79in]

@Iam_Gane @SMahashur Not possible legally?
Government can enact any law they want. Can you stop it?
They did that in the US when the gold standard broke.

[Rahul Jain @rj79in]

@SMahashur But is it physically held in India?

[Rahul Jain @rj79in]

@Iam_Gane @SMahashur So if Government can screw things up, they can legislate / confiscate gold held by ETFs in lieu of a government paper claim - same as SGB. I believe that this will ultimately happen.

[Rahul Jain @rj79in]

@SMahashur Also, I’m not sure whether an ETF compulsorily imports gold into India. If the claims are in the LBMA, there are enough rumours of the gold having been leased multiple times. With UK on the verge of financial problems, there may be capital controls.
If ETFs do import, no issue

[Rahul Jain @rj79in]

@SMahashur My point being that if you don’t trust the Government, why would you trust an ETF operating in the country. If the Government defaults, the rupee and country is done. An ETF won’t save you.

[Rahul Jain @rj79in]

@SMahashur How does it matter? The Government will redeem it at the market price. An ETF would be riskier than the Government - no?
Point taken re. Smaller denominations

[Rahul Jain @rj79in]

@pmbug Governments thinking they can keep manipulating markets keep finding out that it doesn’t work. They keep trying new ways to fail.

[Rahul Jain @rj79in]

@riteshmjn They should call this the SGA Scheme - Sovereign Gold Short

[Rahul Jain @rj79in]

@Ajaatshatrug @riteshmjn No interest liability.

[Rahul Jain @rj79in]

@duane2020a @GoldTelegraph Better to hold gold rather than Fiat which is losing value.
For countries, it eliminates country / geopolitical risk.
At times, it is more important to keep your money safe than make a 5% return on a 10y bond.

[Rahul Jain @rj79in]

@HarrygoesGold @GoldTelegraph @AlexDeluce China is issuing its debt in USD. If USD loses its value due to massive money printing, China wins!

[Rahul Jain @rj79in]

@duane2020a @GoldTelegraph It comes with no strings attached. Unlike a Treasury bond which can be confiscated (note Russian assets) or defaulted on.