Renowned Investor Jim Rogers Has This To Say About Indian Women’s Gold, Silver Holdings

India, the largest and fastest-growing economy in the world, continues to present a structural opportunity over several decades. With its greatest weighting in the index, it is now the second-largest nation in the MSCI Emerging Markets. India has demonstrated the ability to provide simultaneous stock market gains, accompanied with a remarkable expansion in GDP per capita. Veteran investor Jim Rogers said that from the perspective of a global investor, India is currently a really appealing market to watch out for. Rogers also claimed that Indian markets taught him a great deal about gold and silver.

In an interview with NDTV Profit, Rogers stated, “I would go to Indian markets and I would see Indian women… wives with unbelievable amounts of silver and gold. I learned, I learned."

When Rogers was speaking about gold and silver in India, the interviewer brought up the point that having a lot of gold and silver hidden away in cabinets or around your wrists is a “huge waste of capital" rather than using it for investing. “I know, I know how you and the Indian government view it. And many governments view it that way," Rogers responded.

Rogers dismissed the notion that gold stored in lockers is a waste of wealth. Rather, he emphasised the sense of stability and tranquillity that owning gold may offer during hard times financially. Regarding the performance of gold lately, Rogers asserted that he has long held both gold and silver. He declared, “I’m not buying now, but if I were, I’d be buying silver."

The experienced investor said in a conversation with NDTV Profit that he felt “embarrassed" at missing the rally in Indian equities. Delhi has been “anti-capitalist and anti-success" for the majority of his life, but in the last two years, he claimed, India has come to embrace the success of others.

Having passed up other professional chances, he stated that there are going to be more investing opportunities in the future. The main indexes of India, the S&P BSE Sensex and the NSE Nifty 50, have increased by 13.2% and 15%, respectively, so far this year, placing them as the seventh and fifth best-performing Asian indexes.