Business
Should You Invest In Gold Now? How Has It Outperformed Stocks Over Decades?
Gold has once again proven its strength in the world of investments. While the Sensex slipped 1.2% over the past year, gold rewarded investors with a stunning 50.1% return. This is not just a short-term trend—over the past 3, 5, 10 and even 20 years, gold has consistently outperformed the Sensex. With central banks around the globe also buying gold in bulk, the yellow metal has cemented its place as a trusted asset.

Numbers make it clear—gold has beaten the stock market across time frames. Over three years, gold delivered 29.7% average returns compared to Sensex’s 10.7%. In five years, gold edged ahead with 16.5% versus 16.1%. Over a decade, gold gained 15.4% against Sensex’s 12.2%, and even across 20 years, gold held at 15.2% while Sensex stayed at 12.2%. Whether short or long term, gold has remained the more stable, reliable bet.

Why are gold prices rising? Experts point to multiple factors: countries are boosting reserves with gold instead of dollars, it protects against inflation and currency swings, and global uncertainty adds to its shine. The US Fed’s possible rate cuts and trade policy worries have only made investors turn to gold as a safe haven.

Think starting an investment plan at 30 is too late? Not at all. With the right financial strategy, you can still build wealth worth crores. The key is a diversified portfolio, allocating a steady share to gold, and investing with a long-term vision.

Experts caution that while gold has surged recently, the same scale of returns may not continue. A smart move is to allocate around 10-15% of your portfolio to gold and buy when prices dip. That is when gold becomes even more rewarding.

Another insight: gold is currently priced slightly higher than equities. Historically, when the gold-to-Sensex ratio fell below 0.8, the Sensex delivered over 25% average returns over the next three years. This means, the stock market still holds solid opportunities alongside gold.
Business
US economy grows at fastest pace in two years
The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased.
The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected, and marked the strongest growth in two years.
The figures offer a clearer picture of the state of the US economy heading into the end of the year, after data collection had been delayed by the US government shutdown.
The report showed consumer spending rising by 3.5%, compared with 2.5% in the previous quarter.
Business
Fish and chip shop offers 100 free Christmas meals in Southampton
“It’s just a way of us giving back to the community,” says a fish and chip shop owner, who is giving away 100 free meals on Christmas Eve.
Raj Khaira, from Southampton, has owned Top Catch fish and chips in Shirley for five years and says he wants to support lonely people in the area.
He says he feels lucky to have a big family but knows for some customers a conversation with a shopkeeper might be the only one they have some days.
He says the shop will give portions of sausage and chips to those in need as a way of “giving back to the people who haven’t got family around them and sometimes can’t afford a hot meal”.
Mr Khaira speaks about working in business all of his life and how much he enjoys meeting “different people every day, from different backgrounds”.
“I’ve done it since I was a young kid so it’s all I really know,” he says.
He adds that many of his customers are elderly and do not have connections over the festive period.
“Christmas for majority of us is probably going to be a joyful and busy day but for some people it’s probably going to be a quiet day,” he says.
After posting about the plans to donate on social media he received a lot of publicity and Mr Khaira is prepared to “probably do more than” 100 meals.
He says the shop has already organised a toy and present drop off to Southampton hospitals this December, with many of the donations coming from customers.
He says: “We’re only where we are as a busy shop because of our community and our lovely customers that come in and sometimes you’ve got to give back and I’m happy to do that.”
Looking back on some of the negative news reported in Shirley earlier this year with the rise in anti-social behaviour in the area, he admits he had suffered.
His shop window was smashed in the summer, but he says: “Christmas time lets us just try and forget that for a minute and just try and have a good time, and reflect back on the year and hopefully next year is going to be a better one.”
Business
Ryanair fined £224m in Italy over ‘abusive strategy’ with travel agencies
Ryanair has been fined 256 million euros (£224 million) by Italy’s competition watchdog for allegedly using an “abusive strategy” to hinder third-party travel agencies.
The regulator claimed in its ruling that the low-cost airline deliberately made it difficult for agencies to buy flights on its website, between April 2023 and at least April this year.
The Italian Competition Authority (AGCM) said: “Following a complex investigation, the authority found that Ryanair put in place an elaborate strategy affecting the ability of online and traditional travel agencies to purchase Ryanair flights on ryanair.com.
“In particular, the company’s strategy blocked, hindered or made such purchases more difficult… when combined with flights operated by other carriers and/or other tourism and insurance services.”
“These practices compromised the ability of agencies to purchase Ryanair flights and combine them with flights from other airlines and/or additional travel services, thereby reducing direct and indirect competition between agencies,” it added.
Ryanair said it would appeal the ruling and the fine, which it said was “unjustly levied”.
The Dublin-based carrier said: “Ryanair has campaigned for many years to offer consumers the lowest fares by booking directly on the ryanair.com website.
“This direct distribution model was ruled to ‘undoubtedly benefit consumers’ by the Milan Court, as recently as Jan 2024.”
Ryanair’s long-standing chief executive, Michael O’Leary, branded the ruling “legally unsound”.
He said: “This AGCM ruling is an affront to the precedent Milan court ruling, and also an affront to consumer protection and competition law.
“Ryanair has grown rapidly in Italy – and in many other markets across Europe – by always offering the lowest air fares in every single market in which we operate.
“This legally baseless AGCM Ruling, and its absurd 256 million euro fine, undermines consumer protection and competition law, and it will be overturned on appeal.”
It comes after Italy fined Ryanair 3 million euros (£2.6 million) in 2019 for its policy of charging passengers for cabin baggage, but the penalty was later overturned by an administrative court.
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