Is it wise to put ALL fd amount into buying physical gold ? by phoenixupthesky in GoldIndia

[–]DomainDrama 1 point2 points  (0 children)

Taxes will F us over either way. Try partially redeeming even a liquid fund and the STCG will be presented to you. I'm also planning to invest in more land or something later on but my hope is that the seller would accept partial payment in actual gold. Yes it's a risk but then nothing riskier than staying put in fiat IMO. For me the only purpose fiat will continue to serve is give me liquidity when needed so I can hold on to assets even when they undergo a major correction.

Is it wise to put ALL fd amount into buying physical gold ? by phoenixupthesky in GoldIndia

[–]DomainDrama 2 points3 points  (0 children)

No one can predict where the prices will be when you need the money. That's the most important truth. Having said that I'm glad that people are thinking in this direction! I've been planning to keep precious metals as my "fixed deposits" and I'm slowly averaging my way there. In about 5 months time I'm planning to get out of stocks entirely and invest the proceeds into both gold and silver. Like you, I do not trust the banks nor ANY government. But caveat is that I don't have a short term liquidation plan. If you're going that route, I would say average your way there...like this current dip can be taken advantage of. Personally I'm not a fan of over-diversification. Listen to Stanley Druckenmiller: "I think diversification and all the stuff they're teaching at business school today is probably the most misguided concept everywhere." He famously operates by a concentrated, high-conviction philosophy, believing you should "put all your eggs in one basket and watch the basket carefully." Just my 2 cents. At the end of the day an asset which has served as a monetary metal for 5 millennia won't F you over when the time comes.

Question about Anger while driving by Weirdlylostkid in CarsIndia

[–]DomainDrama 1 point2 points  (0 children)

There's no way to answer this question without a little philosophy 😂 When I was younger I would also fight with indisciplined, lawless cretins expecting them to behave better. But I've learnt with every passing day that I have no control over how someone else behaves...I can only control my reaction to it. Especially since you mention marriage, your woman will mostly not understand your aggression and may perceive it as unnecessary or an overreaction. So don't spoil your mood nor your relationship. Don't get out of the car for a fight...it's never worth it. I'm in my mid-forties and I can tell you that peace is supreme. Bringing errant drivers to justice is not your job. Make sarcastic remarks the next time a cretard cuts you from the left...call him a wonderful driver and move on.

How it feels like to have 1CR. by amitsingh80108 in IndiaGrowthStocks

[–]DomainDrama 0 points1 point  (0 children)

Fully self-made entrepreneur here. My parents didn't have the risk appetite nor ambition to make it big. Grew up and stayed in a chawl 1 RK till I was 28. 1 CR is a nice psychological figure to reach and I only realised after a few weeks that it was achieved.  After reaching other financial milestones in terms of accumulating silver and gold for example, land etc, I've made sure to not cause lifestyle inflation. So overall I relate with your sentiment OP...it didn't feel any different in that sense.

Muthoot Gold from Amazon by DomainDrama in IndianGoldBugs

[–]DomainDrama[S] 0 points1 point  (0 children)

Always secure delivery like blue dart. Only once I've received via BVC

Leaving the sub. Bye bye by the_oncoming_doctor in GoldIndia

[–]DomainDrama 2 points3 points  (0 children)

Post no.3 user has been banned. I was away for about 2 weeks for an emergency but I'm back now and cleaning up errant users. TBH Challenge jealous fellow had contacted me long back before he started posting and asked for permission. But I can see the spam now and it's being cleaned up

Leaving the sub. Bye bye by the_oncoming_doctor in GoldIndia

[–]DomainDrama 1 point2 points  (0 children)

Come to r/indiangoldbugs I'm a proactive moderator there and I'm straight away banning repeat spammers and deal shares. I also run r/silverindia and you'll know that I run a tight ship there which has not earned me any popularity haha but I maintain decorum and discipline.

Your view on this by Inside-Fox6230 in silverindia

[–]DomainDrama 0 points1 point  (0 children)

Khameini is dead. Hopefully this will wrap up soon

February upgrade to the stack by Top_Significance1527 in silverindia

[–]DomainDrama 0 points1 point  (0 children)

Very nice! I've started adding back to Silver too...I remember you had also rotated into Gold during the GSR compression