India’s Marshal Mackennas

Gold chase

The biggest strength of gold throughout history has not been that you make money by holding it, but rather you do not lose. But it looks like gold expert Timothy Green’s words need some update with gold prices surging to $823.40 an ounce, for the first time since 1980. In rupee terms, it translates to Rs 11,415 per 10 grams!

If you thought that rupee is not the only thing that has appreciated in value, think again. I was shocked to find out that on November 7, the yellow metal that has been the bane of many civilisations reached a 27-year high. I asked my aunt and she shot back with the most typical answer: “It’s festival season”. I personally don’t think that this explains the steep rise of the precious metal. As recently as 2002, when I was doing my last year of graduation, 10 grams of gold cost Rs 5,030.

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Is greed the issue, or the associated consumerism?

We have become impatient...

Sorry for disappearing without a notice.

Your world can change in just 180 days. The way you see people, the way you thought things worked, the way you thought life would change…everything can transform and that is what I discovered in my sabbatical.

But when I look back at the days that I spent before attending the diploma in developmental economics, I think I lacked realism.

Models, you can make for just anything; but, for any model to work coherently, we need real situations and see whether they can stand the test of realism. “Economics with a human face,” I understand the meaning now...

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Returning....

Hi, hope to catch up... soon!

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