Are Any Of Our Investments Safe Anymore?

in #india5 years ago

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I came across this article in ET today which basically emphasises that billions of dollars worth of Rupees invested by provident and pension fund trusts in the bonds of IL&FS group may be at risk and people could loose their money as they come under unsecured debt.

These 'triple A' rated bonds are generally considered a safe bet but with over 50 funds managing the retirement benefits of over 14 lakh (1.4 million employees) have exposure to IL&FS.

The government and the banks have been quick to write off cryptocurrencies but they have always been able to fully protect investor funds irrespective of the class of investment in the long run. It's the same government and people managing these funds who are quick to state that Bitcoin isn't safe when their own funds and bonds aren't safe either.

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When we are dependent on the financial institutions of the world managed by government policies it's hard to say if our investments will be safe at all. In the long run safe asset classes that can protect our money might be the oldest ones such as Gold.

Everything else might crumble down sooner or later. FIAT currency based investments aren't exactly time proven to be safe for hundreds of years. We've seen economic collapse in the last 100 years and it's likely there's another one coming.

Anyway, this post is about highlighting the hypocrisy in the system more than debating which investment class is best as that is subjective to many things including our own opinions.

Indian government and it's institutions must realise that they can't fool people anymore by pretending to safeguard life-savings of employees whose funds have been invested in a manner that can risk losing them completely.


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Not until we use Fiat, whose supply is manipulated according to the needs of the Goverments.

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looks like every entity is againts cryptocurrency which is affecting it hugely.

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