Overview

• Vembu posted on X that he has preferred gold for over 25 years and is not interested in cryptocurrency.
• He shared Lyn Alden’s excerpts referencing Aswath Damodaran’s data showing $100 since 1928 growing to $2,249 in T-bills, $7,278 in T-bonds, and $10,042 in gold by 2023.
• The Alden excerpts also cite Hendrik Bessembinder’s finding that about 4% of U.S. stocks generated virtually all excess returns over T-bills, with 86 stocks producing half of those gains.
• His post followed a sharp crypto downturn that Coinglass described as the largest liquidation event in crypto history, reported at over $19 billion after President Donald Trump announced 100% tariffs on China plus new software export controls.
• Business Today reports Indian 24-carat gold prices rose from roughly Rs 77,450 per 10 grams in early October 2024 to about Rs 122,400 by October 10, 2025.