Gold Versus Digital gold in India..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, February 11, 2018

Gold Versus Digital gold in India..!

Gold Versus Bitcoin in India..!

From Equitymaster Conference, 2018  

Mr. Chirag Mehta, Fund Manager, Quantum, and Prasheel Vartak, editor of Crypto Confidential.

First Chirag makes the case for investing in gold.
If you want certainty in an uncertain world, gold is the answer.
Is been the world's best insurance policy for the last 5000 years.
Typically, when markets have corrected, gold has done well. For example, after the 2008 crash when stocks fell about 60%, gold was up about 30%.
But gold has been flat for the last 5 years...
Mr. Chirag says, ultimately that does not matter. You do not buy gold for gains, you buy it for protection.
Prasheel calls Bitcoin "digital gold." It's just like the real thing, only more portable and easier to trade.
95% of cryptocurrencies are garbage, and the recent market rout is a good thing, it'll clear out the bad coins and strengthen the market.
Other cryptocurrencies Prasheel likes include Ethereum, Bitcoin Cash, Ripple and Monero.
Investors also need to look at the technology underlying cryptocurrencies, the "blockchain."
Though coins may come and go, blockchain is going to stay around, and savvy investors who understand its potential could make a fortune.
Prasheel recommends reading a book called "The Internet of Money" to learn more about blockchain.

Gold Versus Digital gold in India..! Reviewed by S. Chitra on February 11, 2018 Rating: 5 Gold Versus Bitcoin in India..! From Equitymaster Conference, 2018   Mr. Chirag Mehta, Fund Manager, Quantum, and Prasheel Vartak, edi...

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