My Wife – The Value Investor (of Precious Metals)?

If you are married, the news of gold and silver prices falling would not come as a surprise to you. Your wife would have already told you about it. And I am no different. I have least of interests in precious metals. But things are different when it comes to my wife.

“The gold prices are at multi-year lows!! So are the silver prices!!”

This is the first thing I got to hear when I came back home in the evening today. And unsurprisingly, I knew what was coming after that statement…

“Shouldn’t we buy some gold and silver for the future?”
Immediately, I was on the back foot. I was trying to duck a full-fledged bouncer hurled at me at 160 mph!

And the scorecard read:
Couple's Investing Scorecard
My response: “Gold neither gives any interest nor any dividends. And even Warren Buffett doesn’t like buying gold.”
Couple's Investing Scorecard


Wife’s response:So once again your Mr. Buffett enters our personal lives. Since when did you start listening to him in matters of gold and silver?”
Couple's Investing Scorecard


Wife: “Now see, it has been years since gold and silver prices came down so low. Why can’t we buy some? After all, gold has a lot of value.”
Couple's Investing Scorecard


Dev: “But I still think its best not to buy these precious metals as investments. These are a type of insurances and not investments. We will anyways not sell it when it goes up in price. Isn’t it?”
Couple's Investing Scorecard

Wife: “See? You haven’t even bought it and you want to sell it. You don’t like selling stocks even when they go up, do you? Then why should we sell gold when it goes up?”
Couple's Investing Scorecard


Wife: “And will you sell my jewellery when prices of gold go up???”
Couple's Investing Scorecard
Dev: “Not at all. All I meant was that we already have sufficient exposure to precious metals at the overall portfolio level. We don’t need to add more to it.”
Couple's Investing Scorecard

Wife: “Now I don’t know what you are talking about. But being from the jewellery industry, I know gold and silver are cheap right now! And we need to buy some now. Let’s buy a little and I am sure it will not hurt your portfolio too much.”
Couple's Investing Scorecard


Dev: “But jewellery is not an investment. Can’t we buy coins instead of bangles, rings, etc.?”
Couple's Investing Scorecard


Wife: “What do you want me to wear in my ears – coins?”
Couple's Investing Scorecard


Dev: “Let’s go. Let’s buy some right now or prices might go up soon!”
Couple's Investing Scorecard

End of Story.

Disclosure: We bought some gold and silver today. Wife bought jewellery and I bought raw metal.

Final Scorecard?
I guess you all know it. But in reality, I was more than happy that it was not a big innings defeat. 😉
Sometimes our investments (or expenditures) are more about the people who matter to us and less about returns we get from those investments.

292 Words to Change Your Financial Life…Today!!

This post is inspired by Rohit’s brilliant poston how to manage your money. I am borrowing few of his ideas & adding a few myself.

  • Never depend on just one source of income.
  • Save atleast 20% of what you earn from all sources.
  • Buy a plain Term Life Insurance of Sum Assured amount equal to atleast 30 times your annual expenses.
  • Buy a health insurance for yourself and those who depend on you.
  • Create an Emergency Fund equal to 6 months worth of your expenses. Till the time you have not created such a fund, don’t think about investing or buying luxury items.
  • Start Monthly Recurring Deposits of 6 months. At the end of 6 months, use the maturity amount to create a FD for 1 year. Repeat every 6 months. To start with, use 20% of your savings (in step 2) to start Recurring Deposits.
  • Use the remaining 50% of your monthly savings to invest in Stock Markets via SIP in Index Funds or well-established, diversified mutual funds. Do not go for sector specific funds.
  • Use remaining 30% of your monthly funds to create a Market Crash Fund (use another RD). Keep saving money in it till the market crashes. When it does, buy quality stocks at low prices. To know which are quality stocks worth buying in market crashes…


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  • Gold, silver and precious stones are good for social or religious requirements. These are not investments. These are insurances against bad times. (To understand this point, just think for a moment that will you sell gold or silver in case prices go up? The answer would be a No. You sell these only when everything else is lost. Period.)
  • And always remember :

          Investment & Insurance are different things.
          Investment & Savings are different things
          Do not consider Insurance as Investment or Saving.

Above might work for most of us and does not require any complex rocket science to be implemented.

So go on….say good bye to your brokers and financial advisors. 🙂