Goldman Sachs vs. Chinese housewife

Whose investing acumen are you likely to trust more, Goldman Sachs or an average Chinese housewife? Well, at first glance, this looks like no competition at all. The world's largest financial institution, with the best resources and brains at its disposal versus your average Chinese woman. However, there's one area out there where the so called David trumps the mighty Goliath. And it answers to the name of gold investments. As per metals analyst Jeff Clark, the Chinese have continued to gobble up gold in ever increasing quantities despite the warning sign flashed by Goldman Sachs recently. And it is not just China. India's gold appetite has not dimmed either even in the wake of some strong restrictions by the Government on gold imports. Our stance on this has been pretty clear from the word go. We believe that we are in an unprecedented era of central bank money printing where paper money is being devalued every minute. And gold looks like the ultimate safe haven against such a deluge. Therefore, it makes immense sense to have part of one's portfolio invested in the yellow metal.