If you are married, the news of gold and silver prices falling would not come as a surprise to you. Your wife would have already told you about it. And I am no different. I have least of interests in precious metals. But things are different when it comes to my wife.
This is the first thing I got to hear when I came back home in evening today. And unsurprisingly, I knew what was coming after that statement…
And the scorecard read:
Wife: “See? You haven’t even bought it and you want to sell it. You don’t like selling stocks even when they go up, do you? Then why should we sell gold when it goes up?”
Dev: “Not at all. All I meant was that we already have sufficient exposure to precious metals at the overall portfolio level. We don’t need to add more to it.”
Wife: “Now I don’t know what you are talking about. But being from the jewellery industry, I know gold and silver are cheap right now! And we need to buy some now. Lets buy a little and I am sure it will not hurt your portfolio too much.”
Final Scorecard? I guess you all know it. But in reality, I was more than happy that it was not a big innings defeat. 😉