Going for Gold

After 2008 as the world lurched from one financial crisis to another the price of gold rose to a towering peak of over Rs 35000 per 10 g in 2013. It has since fallen precipitously to a five-year low-under Rs 25000 for 10 g. Where will the price of gold go now? How will it perform as an investment? And can we profit from it? We all want to invest for the future-perhaps for retirement for a child’s education or to build a nest egg. Whether you are an ordinary or professional investor a student or an academician you are faced with a bewildering array of portfolio choices. Where can you find a safe haven for investment that will give you a reliable store of wealth and value untouched by the turmoil of the modern world? The desire of Indians through millennia for owning gold is an eminently rational and desirable investment objective says Nanda Menon. In Going for Gold he outlines the dynamics of the gold market its demand and supply its cost of production and geopolitics. Aimed at experts as well as the general reader this book will answer all your questions on why gold is one of the top investment choices for wealth creation and preservation for Indians. About the Author Nanda Menon is a managing director in the investment banking division at a leading international bank in London. He studied mechanical engineering at Kings College London in 1990 before joining Arthur Andersen in London on the oil and gas team where he qualified as a chartered accountant (England and Wales). He has been working in the global natural resources sector (gold diamonds iron ore coal oil and gas) for over twenty years. He is one of the oldest and most experienced international investment bankers covering India since 1994. In 2000 Businessworld ranked him the number two dealmaker in India. Menon is a regular speaker at investment conferences internationally and his articles on global macroeconomic issues have been published in the Financial Times.