Gold Remains One of the Safest High Yield Investments – Mauritius Dodo Coins

bhoot — Thu, 22 Jul 2010 20:39:16 +0000

Mauritians have access to investing in gold since over 20 years with the introduction of The Dodo coin in Rs 100, Rs 250, Rs 500 and Rs 1000 face values. It must have been in 1990′s, while a kid reading MCB Rupys magazine that I came to learn about it. The Dodo coins were a symbol of patriotism. A few years later, their prices has grown from Rs 1000 to Rs 8000… It came to my mind that hmm, gold prices have increased… Little did I guess that they’d keep on increasing. The Dodo gold coin prices grew an amazing 25%+ per annum* compound over the last five years! Or 14.5% p.a. for the last 10 years.That might not exactly sound high yield to you, if you are a pro investor getting over 50% p.a. but it’s consistent. I read earlier that Gold prices rise about 20% p.a. while real estate gets 15% p.a. in USA (pre-crisis).

*Get the latest and past prices of The Dodo gold coin from the Bank of Mauritius website: http://bom.intnet.mu

Rs 100 face value – 3.41g of gold - Rs 5155 to Rs 1000 face value (34.05g) at Rs 49,120.

BTW, the BOM site is really BOM!

Now is the time to invest in the Mauritian Stock market – March April May 2010 –

bhoot — Sun, 04 Apr 2010 21:25:00 +0000

Most companies have recovered from the crash that the local market following recession. The SEMDEX reached its minimum last year in March 2009, some companies falling as low as their nominal values! But since there, the market has roared. If I had put my money then, I’d be happy with a 25-100% profit… Demand kept rising until recently…

There’s now a fall… I read somewhere that Mauritians spend less in February-March. That’s post new year effect… I wondered if it applies to investors as well. The current decrease in the prices of some companies seem to suggest that it is the right time to get in again… MCB, Naiade, ENL Commercial… are just few of the companies that I spot. You’ll say Naiade is making losses, but I’d say it won’t be long. The other groups in the sector are already priced past their NAV…

Companies to watch in my opinion:

MOR – Mauritius Oil Refineries
MCB
BAIN
SBM
MCFI
NRL – Naiade Resorts
GIDC – ENL Commercial
AIRM – Air Mauritius

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Gold Remains One of the Safest High Yield Investments – Mauritius Dodo Coins

Now is the time to invest in the Mauritian Stock market – March April May 2010 –