Why physical gold is a safe bet against Covid-19 pandemic

Why physical gold is a safe bet against Covid-19 pandemic

Indian stock markets' bull run belies the declaration of the world's sixth-largest economy amid the raging Covid-19 pandemic that has been wreaking havoc for the second year in row. Investors are at their wit's end about how to go about multiplying their funds and which are safe haven assets to put their hard-earned savings. Chetan Parikh, a co-promoter of the Jasmine India Fund, a Mauritius-based fund, and Jeetay Investments Private Limited, an India-based regulated portfolio management firm, weighed in how on Covid-19 has been a catalyst to prevailing trends like digitisation and automation and what are the best investment picks. "The earnings power of many companies is understated in their reported numbers because of supply bottlenecks and reduced capacity utilisation. The competitive intensity in the Indian economy has reduced due to cash flow issues with the smaller players. Greater consolidation of market shares should translate into higher future profitability," Parikh, who holds a degree in master's in business administration from the Wharton School of Business, told He is of the opinion that an investor must back gold and not gold exchange-traded funds (ETFs) or gold bonds. "One of the primary reasons for buying physical gold is to hedge systemic risks