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Thoughts on Yemen...

 -- Published: Monday, 6 April 2015 | Print  | Disqus 

Since the past few day I have been following news stories of people being evacuated from Yemen, in the face of internal conflict in that nation. These are real, honest, down-to-earth people just like you and me. Peaceably working, going to schools, living their lives. Businessmen, workers, office-goers, artisans, tourists...


The news disturbed me to some extent. What if, due to some reason beyond our control, we have to leave our place of living and / or work overnight. And such potential reasons abound... persistent droughts, crop failures, oil supply crunch, changes in the governance structure leading to a chaotic breakdown of the law and order situation, external aggression, internal rebellion, earthquakes, floods, dust storms (like the one we are currently experiencing in the middle east), etc...


Now thatís where having some quantity of gold and a weapon or two with you is sure to ease things a bit. But mind you, only some quantity of gold, not a large quantity. A too large quantity will be bulky and clumsy to lug around during such times of crisis. But what a miracle it will be if you are able to carry around a few gold coins in your pocket or luggage. You can buy passage to a safer land with that quantity for yourself and your family. A too large bulk of gold will only hinder safe movement and make you fall prey to petty crime and robberies...


In a Yemen-like situation, the people who are the potential evacuees would have done well if they had kept some gold with them. So, first of all they can buy safe passage. And after a safe passage, that gold can form the seed capital to start anew.


In Yemen-like situations, my thoughts reach out to all the people there. For no real reason, and for entirely due to reasons beyond their control (Global Geopolitics), they have to pause their work, schools, ultimately their entire lives and try to reach some safer land. Same situation we saw recently, in Syria (when the ISIS captured territories) when many foreign nationals had to be evacuated by their governments.


In preparation of such a situation, investments in real estate are a big NO. Who is going to pay for your real estate, when they can just occupy it using force / some flimsy law. Investments in financial instruments are a dicey proposition. What if the new incoming government or corporate structure refuses to honour commitments given by a previous government. Silver is too bulky in terms of the value it can store. Platinum and Diamonds are not liquid.


Only gold is the ONE instrument which has certain liquidity in any situation and has a highest weight / volume to value ratio. And also, it wonít spoil or corrode. Once you buy it, it will just stay there insuring your safety and future. Some quantity of Gold wins hands on in any such situation.


Where-ever there is a human, you will be able to trade gold for some sort of concession, in terms of transportation, food, water, safety and all the other myriad necessities to live life.


So, my advice to all the readers is to keep a little quantity of gold within easy reach, if you are anticipating any such situation.


Happy investing and more importantly happy living.


Manish Thatte

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 -- Published: Monday, 6 April 2015 | E-Mail  | Print  | Source:

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