Commodity Trade Mantra

Posts Tagged ‘Rupee Devaluation’

The War on Cash Is Still Good for Gold Prices

In a world where nothing larger than a $10 bill exists, hoarding cash would be highly impractical. As paper currency is phased out, gold prices will rise. Were cash eliminated and interest rates plunged underwater, gold’s role as a store of value would become even more apparent and demand for the yellow metal would turn red hot, despite its price appreciation.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook