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    • Only down via my company pension which I contribute 4% and my employer matches 4% invested into FTSE 100. Majority liquid funds either held in PMs/cash and other investment transferred 100% into Bonds from Equities in the middle January so I avoided the bloodbath. In hindsight should have sold all the rental properties in January could bought them back next six to twenty four months for 25-40% discount. Everybody in the UK has lost purchasing power against USD because deprecation GBP vs USD. So many NRI (non residential Indians) and locals that have lost over 30% of their entire portfolio due to exposure to equity funds in India. I have never like the idea of the typical diversification strategy many mutual fund managers deploy by allocating funds to standard portfolio of 40% bonds and 60% equities. I have always been an advocate of individual responsibility doing your own home work by studying the charts of the major indexes (always paying attention to the NASDAQ the mother of all bubbles) and actively switching 100% funds between equities and bonds and vice-versa and only having exposure to equities when you have the highest technical probability of continually increasing equity prices. If you followed the herd then you will get slaughtered.
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    • If we are talking about gold held by the public then I would love to know how much gold is in public hands in India. This is a country that has been collecting gold for over 3000 years and is an inherent part of their culture. As an example this makes an interesting read. https://www.forbes.com/sites/jimdobson/2015/11/13/a-one-trillion-dollar-hidden-treasure-chamber-is-discovered-at-indias-sree-padmanabhaswam-temple/#6c24fc411ba6 How many temples are there in India........thousands (though they are not all filled to the brim with gold......or maybe they are)!!!!!
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