Rakesh Jhunjhunwala on gold lure :"Gold is the best hedge in an uncertain world"

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Rakesh Jhunjhunwala is an Indian businessman and investor. He is ranked as the 48th richest person in India, with a net worth of $ billion. Speaking to ET Now stated that he sees huge opportunities in hotel and infrastructure. On being asked on value investments, he says that all these stocks will gain in the second phase of the bull market. He identified that public sector does not have a proper disinvestment policy by the government.

Rakesh Jhunjhunwala on why he is bullish on gold cites a combination of factors. He stated that big countries like China and Russia want to limit their dollar exposure and so their percentage of gold in the reserves constantly goes up. He further stated that gold is the best hedge in an uncertain world.

#GoldBullish #IndianGoldMarket


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