u/Charming-Shape-5474

Modi's Remark and Reality

Modi's Remark and Reality

I kind of reflected to Modi's recent comment on gold but it is difficult to see your hard earned money to lose value year by year.

Look at the graph, its not some myth/rumour. It is a hard cold fact about the past year and rupee's performance. As you can see the rupee has deprecated by 50% in 1 year as compared to gold price.

Lets say, even if gold is overpriced by 20%, there is still depreciation of 30%.

FD returns are literally negative. We are literally losing money if we have kept money in FD.

I want to ask my PM, what can we do to generate 30% return ? I am a corporate employee who is working his ass off each day and in return I am seeing my saving lose half its value.

u/Charming-Shape-5474 — 11 days ago