Let me warn you the title has the word today just to attract you :-). I have no view at all about gold prices. Personally i do have gold, but no clue how much. In most cases the cost of acquisition is almost immaterial – it all happened decades back….. Why is gold an awesome […]
Fiat money is about trust. You trust your government, hence you keep all your money in currency form, right? Take the case of a common man…and his conversation with a acidic Subra of Subramoney.com: Client: Hi Subra, I wish to discuss my financial life with you…May I? Subra: Sure Client: I have bought …..xyz […]
When the government by a fiat says that you need a license to do something, the government (deliberately and knowingly) creates a vested interest. Government of Maharashtra gives a taxi permit / auto permit. So if I qualify as a driver, I should be able to go and pay a small fee (say Rs. 5k) […]
Look at the financial mess the Government of India is in! Thanks to some traditionally told lies, Governments all over the world have far, far more debt than what they can honestly repay. Big large countries like the US have already cheated the world by making their currencies worthless. Look at what Mamta didi wants! […]
In the pre Sebi and pre NSE days, the BSE (actually it used to be called The Stock Exchange, Mumbai) used to do its settlement once in 15 days. Then it came down to once a week… This meant a lot of weak players would do transactions for a much longer period than what they […]