Tag Archives: Gold

Gold/Silver and their Importance for an Economy and an Individual

Gold bar

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 […]

Did India Really Strike Gold?

gold mine

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 […]

What Should Rational Indian Savers Do?

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 […]

J B. Say and Today’s Fiat Paper Money Standard

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 […]