Should you invest in Gold & FD in 2024? | Gullak & Stable Money's Founders Reveal

Join us in this insightful podcast episode where Edul Patel, CEO of Mudrex, sits down with Saurabh Jain and Manthan Shah, co-founders of Stable Money and Gullak Money respectively, to dive deep into the world of gold and fixed deposits (FDs) as investment avenues.

Starting with personal anecdotes, Saurabh and Manthan share their journeys and motivations for entering the competitive market of financial services. They discuss the evolution of gold and FD investments amidst the emergence of alternative asset classes like cryptocurrencies, shedding light on changing investment trends and habits.

Delving into the intricacies, the duo explains the factors influencing FD interest rates and the regulatory challenges they navigated to offer competitive rates. They also address the stereotype of FDs being associated with older demographics and share strategies for adopting a digital-first approach.

Amidst discussions on marketing fixed-income products to younger audiences and the transition from physical to digital gold, Saurabh and Manthan provide valuable insights into Dhanteras trends and the seasonality of FD investments.

The conversation gets personal as they share investment advice for early retirement seekers and reveal their own investment portfolios. Plus, don't miss the rapid-fire round where they share their recent movie recommendations, business advice, dream dinner companions, and more!

Whether you're a seasoned investor or just starting your financial journey, this podcast episode offers invaluable insights and actionable tips for navigating the world of gold and FD investments. Tune in now to learn from the experts!

0:00 - Teaser
00:49 - Introduction
1:22 - Saurabh's and Manthan's personal journeys
12:48 - Gullak's back story
13:51 - Distribution of Digital Gold
18:40 - Stable Money's back story
22:43 - Biggest problem to solve for FD
23:30 - Why do different banks have different FD interests?
25:06 - FDs vs other asset classes
31:33 - More Income ---- More Risk Appetite - Is that true?
34:33 - How do the interest rates increase?
41:35 - Comparison of FDs in India and FDs in other countries
42:50 - How does Digital Gold work?
45:20 - Difference between Digital Gold, Gold ETFs and SGB
52:17 - Arbitrage of Gold
54:38 - Advice to a fresher who wants to start investing
57:28 - Manthan and Saurabh's personal portfolios
1:00:28 - Advice for upcoming entrepreneurs
1:02:29 - Rapid Fire Round
1:06:18 - Unpacking reels on FD and Gold
1:21:00 - Whom are FDs for?

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Mudrex is a leading crypto investment platform that prioritizes long-term wealth creation for its users. With their revolutionary products like CoinSets, Vault, and Coins. Mudrex offers innovative solutions to enable individuals to invest in cryptocurrencies with ease and confidence.