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Jewellery shops may be a golden investment

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam • 4 min read
Jewellery shops may be a golden investment
File photo of Taka Jewellery’s outlet at ION Orchard. The stock is trading at 0.4 times book value / Photo: The Edge Singapore
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Francisco de Orellana was a Spanish explorer. Investors may not recall that he reached the Amazon River in 1545. Statues have been erected in his honour in Spain. He is famous for conquering the Inca empire.

Orellana had immense energy and courage. He braved cholera and harsh terrain. The Inca empire was a sprawling entity. At its height, the empire covered about one-fifth of South America and was larger than the 13 original colonies of the USA.

Investors in 2023 should pay attention to his looting. Orellana once visited an Omagua village. The Omagua are an indigenous community that dominates the banks of the Amazon. Orellana stumbled upon a massive gold statue. It was over 7m tall. It was greater than the height of the Sir Stamford Raffles near the Padang.

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