As gold prices soar past Rs 1 lakh per 10 grams, Kotak Mahindra Bank founder Uday Kotak has sparked a conversation by calling the Indian housewife “the smartest fund manager in the world.” His statement, highlighting the long-standing tradition of Indian households investing in gold, has drawn widespread attention—including support from Zoho founder Sridhar Vembu .
Zoho founder Sridhar Vembu’s take on gold’s role in India’s economyBacking Kotak’s sentiment, Vembu emphasized that gold is real money, reinforcing the idea that Indian families have instinctively understood its value far better than financial institutions. In a post on X, he stated, “I agree wholeheartedly with Uday Kotak-ji. Indians' love of gold and a corresponding distrust of paper assets is the foundation of our long-term stability and civilizational continuity.”
Vembu also took a dig at modern financial systems, arguing that money is too important to be left to central banks, governments, and economists, adding that even software engineers—hinting at Bitcoin—shouldn’t dictate financial stability.
Read Sridhar Vembu’s complete post here "Uday Kotak hails Indian housewife as the smartest fund manager as gold hits ₹1 lakh"
I agree wholeheartedly with Uday Kotak-ji. Indians' love of gold and a corresponding distrust of paper assets is the foundation of our long term stability and civilizational continuity.
Money is too important to be left to central banks and governments and PhD economists and their fancy theories (or software engineers for that matter
and I am looking at you Bitcoin).
Gold IS money. The poorestIndian knows this and that knowledge is power.
As global economic conditions get worse, India's stability will come from gold.
Gold’s surge and market reactionsGold prices have skyrocketed amid global economic uncertainty, with investors flocking to the precious metal as a safe-haven asset. The surge has reignited debates on India’s deep-rooted gold culture, with some questioning whether rising prices make it inaccessible for ordinary citizens.
Zoho founder Sridhar Vembu’s take on gold’s role in India’s economyBacking Kotak’s sentiment, Vembu emphasized that gold is real money, reinforcing the idea that Indian families have instinctively understood its value far better than financial institutions. In a post on X, he stated, “I agree wholeheartedly with Uday Kotak-ji. Indians' love of gold and a corresponding distrust of paper assets is the foundation of our long-term stability and civilizational continuity.”
Vembu also took a dig at modern financial systems, arguing that money is too important to be left to central banks, governments, and economists, adding that even software engineers—hinting at Bitcoin—shouldn’t dictate financial stability.
"Uday Kotak hails Indian housewife as the smartest fund manager as gold hits ₹1 lakh"
— Sridhar Vembu (@svembu) April 22, 2025
I agree wholeheartedly with Uday Kotak-ji. Indians' love of gold and a corresponding distrust of paper assets is the foundation of our long term stability and civilizational continuity.…
Read Sridhar Vembu’s complete post here "Uday Kotak hails Indian housewife as the smartest fund manager as gold hits ₹1 lakh"
I agree wholeheartedly with Uday Kotak-ji. Indians' love of gold and a corresponding distrust of paper assets is the foundation of our long term stability and civilizational continuity.
Money is too important to be left to central banks and governments and PhD economists and their fancy theories (or software engineers for that matter
and I am looking at you Bitcoin).
Gold IS money. The poorestIndian knows this and that knowledge is power.
As global economic conditions get worse, India's stability will come from gold.
Gold’s surge and market reactionsGold prices have skyrocketed amid global economic uncertainty, with investors flocking to the precious metal as a safe-haven asset. The surge has reignited debates on India’s deep-rooted gold culture, with some questioning whether rising prices make it inaccessible for ordinary citizens.
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