One's personality is both a composition and reflection, but if I have to choose one of them, I will choose reflection as the "self" is more important to me than "me". One's composition may change, walking across the cultural landscapes and climbing the social ladder but one's self is tied to one's reflections. The fun part is that reflections are not bound to "Time-Space" barriers ( it is not time-space) and respective mental constructs, which have grown so thick over ages, that they had reduced the image of humans to Sisyphus, rolling different sizes of boulders on hills of different heights.… As the name of this Blog indicates, knols are my perspectives on topics of interests, sweet/bitter experiences or just doodling :)

Friday, December 23, 2011

Capitalism without capital?

Gold and Silver are the metals that have been adapted since ancient times as standard trading metals. In period that we are living in, inflation has become a common reality and have been accepted now indirect taxation. On other hand prices of these two precious metals are generally rising and people who are fearing to lose money in inflation (dropping value of unit currencies) tend to buy gold and silver... I found RT's report (at bottom of this knol) interesting and may be of educational value for those who would like to know how bullion gold and silver markets work...

On other hand internet is emerging as a new market place where it is not possible to do business with traditional precious metals. Banks and others financial institutions are the backbone of online businesses. Technology are changing rapidly our habits, expectations and perceptions about things. It is not just money, bullion gold and silver that appear as digital numbers but personal libraries and intellectual properties are also nothing more than digital texts, figures, graphics and so on... It would be another thing if we talk about shopping from different continents's major cities from ease of home or getting your books or paying your bills instantaneously....

I am just wondering if the banks and financial institutions are bubbles then what are the alternatives?


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