Aneesh's Economic Insights Archive:
Introduction Here are some useful application points that I may want to refer back to nearer my exams. I have taken these from the Deloitte Monday Briefing where Ian Stewart explains what is going on in the economy for the week and other sources such as the FT and the Economists, and sometimes even what my best friend, Danny, tells me on the walk to school each morning. March 3rd: Gold: The twenty-first century has been good for gold, with its price having risen tenfold from the lows seen around the millennium. Interest rates remain high compared to most of the last 15 years, meaning holders of gold miss out on significant interest income. Gold yields no income and incurs costs for safe storage. It also has limited practical use, with only about 10% of gold production being used in industry, mainly in electronics and medical applications . Though gold has served as a medium of exchange since ancient times, by 1924, John Maynard Keynes famously dubbed it "a barbarous relic." T...