A headline from Yahoo Finance article reads, Notes From the WEF: Cash Is Dead, Long Live Digital Cash. Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead. “Physical money is out,” said B.S. Kohli, an economic advisor to the head of the Indian state of Punjab. Mothanna Gharaibeh, […]
Tag Archives: Gold
30
Aug
Aug
Price of gold (and silver) is going up recently. The price of gold has risen from under 40,000 rupees per 10 gram to 54,000 rupees in these few months time. Internationally also price of an ounce of gold has breached historic US$2000 level. What is driving prices of gold and silver higher in India and […]
22
Feb
Feb
Indian media is going crazy about India having discovered a major mine in UP. India has claimed to have found a mine containing 3,500 tonnes of gold. This would be, by a massive margin, the biggest gold mine in the world, in a country where there is today only one small gold mine. This gold […]
28
Apr
Apr
The World Bank and IMF consider India to be among the fastest growing world economies. Recently India humiliated Pakistan by invading its airspace. Also, India became one of the rare countries capable of destroying low-orbit satellites. India is on its way to becoming the most populated country. It already has more youth than any other […]
25
Dec
Dec
What is money? What are the qualities of money? Is the note of rupee, that you hold in your hand daily, money? What is wrong with today’s fiat paper monetary system which is in the root of our problems of inflation, business cycles, government’s reckless spending and ballooning fiscal deficits, central bankers’ enabled nation state […]