SmarterMarkets™ Gold for the 21st Century Episode 2 | Sunil Kashyap, Managing Director at FinMet Pte Ltd., Singapore
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Mar 29, 2025 Sunil Kashyap, Managing Director at FinMet Pte Ltd. and a specialist in gold markets and Asian finance, delves into the evolving significance of gold in the 21st century. He discusses the transition from traditional buying to innovative digital platforms in Asia, shedding light on contrasting investor perspectives between East and West. Sunil highlights the critical role of kilobar sizing in trade and the impact of geopolitics on gold demand, revealing a shift toward investment over jewelry in a dynamic market.
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Gold as a Safe Haven
- Gold's value as a safe haven stems from not being a liability on someone else's balance sheet, unlike other assets.
- This makes gold appealing during times of uncertainty, as its value isn't tied to an issuer's creditworthiness.
Cultural Differences in Gold Investment
- Asians learn to value gold from a young age due to cultural practices and family traditions.
- Western investors often overlook gold due to low commissions for financial advisors, but this is changing as demand increases.
Building Successful Gold Markets in Asia
- Avoid simply transplanting Western gold contracts into Asian markets; they often don't work.
- Focus on creating digital gold wallets offering 24/7 trading, low margins, physical backing, and local currency transactions.