Post-Cyprus truth: There is risk in banks, gold, realty
VISIT -> http://investorsareidiots.com/ Post-Cyprus truth: There is risk in banks, gold, realty Arjun Parthasarathy The average Indian is certain of three things apart from death and taxes. One is that banks in India cannot fail, two is that gold prices cannot fall and three is that real estate prices cannot fall. Indians have reasons to believe these three certainties of banks not failing and gold and real estate prices not falling. After all banks have not failed in India over the years and those who have failed have been taken over by other banks (Global Trust Bank is one example where RBI made sure it was taken over by a stronger bank, the Oriental Bank of Commerce). Cooperative banks keep failing and RBI cancels their licences frequently. Depositors are guaranteed Rs 1 lakh of deposits by the DICGC (Deposit Insurance and Credit Guarantee Corporation). Depositors with over Rs 1 lakh in deposits suffer losses but this does not seem to affect the...