\( % groupings of objects. \newcommand{\set}[1]{\left\{ #1 \right\}} \newcommand{\seq}[1]{\left(#1\right)} \newcommand{\ang}[1]{\langle#1\rangle} \newcommand{\tuple}[1]{\left(#1\right)} \newcommand{\size}[1]{\left| #1\right|} \newcommand{\comp}{\circ} % numerical shortcuts. \newcommand{\abs}[1]{\left| #1\right|} \newcommand{\floor}[1]{\left\lfloor #1 \right\rfloor} \newcommand{\ceil}[1]{\left\lceil #1 \right\rceil} % linear algebra shortcuts. \newcommand{\change}{\Delta} \newcommand{\norm}[1]{\left\| #1\right\|} \newcommand{\dprod}[1]{\langle#1\rangle} \newcommand{\linspan}[1]{\langle#1\rangle} \newcommand{\conj}[1]{\overline{#1}} \newcommand{\der}[1]{\frac{d#1}{dx}} \newcommand{\lap}{\Delta} \newcommand{\kron}{\otimes} \newcommand{\nperp}{\nvdash} \newcommand{\mat}[1]{\left[ \begin{smallmatrix}#1 \end{smallmatrix} \right]} % derivatives and limits \newcommand{\partder}[2]{\frac{\partial #1}{\partial #2}} \newcommand{\partdern}[3]{\frac{\partial^{#3 #1}}{\partial #2^{#3}}} \newcommand{\gradient}{\nabla} \newcommand{\subdifferential}{\partial} % Arrows \newcommand{\diverge}{\nearrow} \newcommand{\notto}{\nrightarrow} \newcommand{\up}{\uparrow} \newcommand{\down}{\downarrow} % gets and gives are defined! % ordering operators \newcommand{\oleq}{\preceq} \newcommand{\ogeq}{\succeq} % programming and logic operators \newcommand{\dfn}{:=} \newcommand{\assign}{:=} \newcommand{\co}{\ co\ } \newcommand{\en}{\ en\ } % logic operators \newcommand{\xor}{\oplus} \newcommand{\Land}{\bigwedge} \newcommand{\Lor}{\bigvee} \newcommand{\finish}{\Box} \newcommand{\contra}{\Rightarrow \Leftarrow} \newcommand{\iseq}{\stackrel{_?{=}}} % Set theory \newcommand{\symdiff}{\Delta} \newcommand{\setdiff}{\backslash} \newcommand{\union}{\cup} \newcommand{\inters}{\cap} \newcommand{\Union}{\bigcup} \newcommand{\Inters}{\bigcap} \newcommand{\nullSet}{\phi} % graph theory \newcommand{\nbd}{\Gamma} % Script alphabets % For reals, use \Re % greek letters \newcommand{\eps}{\epsilon} \newcommand{\del}{\delta} \newcommand{\ga}{\alpha} \newcommand{\gb}{\beta} \newcommand{\gd}{\del} \newcommand{\gp}{\pi} \newcommand{\gf}{\phi} \newcommand{\gh}{\eta} \newcommand{\gF}{\Phi} \newcommand{\gl}{\lambda} \newcommand{\gm}{\mu} \newcommand{\gn}{\nu} \newcommand{\gr}{\rho} \newcommand{\gs}{\sigma} \newcommand{\gth}{\theta} \newcommand{\gx}{\xi} \newcommand{\gw}{\omega} \newcommand{\sw}{\sigma} \newcommand{\SW}{\Sigma} \newcommand{\ew}{\lambda} \newcommand{\EW}{\Lambda} \newcommand{\Del}{\Delta} \newcommand{\gD}{\Delta} \newcommand{\gG}{\Gamma} \newcommand{\gW}{\Omega} \newcommand{\gS}{\Sigma} \newcommand{\gTh}{\Theta} % Bold english letters. \newcommand{\bA}{\mathbf{A}} \newcommand{\bB}{\mathbf{B}} \newcommand{\bC}{\mathbf{C}} \newcommand{\bD}{\mathbf{D}} \newcommand{\bE}{\mathbf{E}} \newcommand{\bF}{\mathbf{F}} \newcommand{\bG}{\mathbf{G}} \newcommand{\bH}{\mathbf{H}} \newcommand{\bI}{\mathbf{I}} \newcommand{\bJ}{\mathbf{J}} \newcommand{\bK}{\mathbf{K}} \newcommand{\bL}{\mathbf{L}} \newcommand{\bM}{\mathbf{M}} \newcommand{\bN}{\mathbf{N}} \newcommand{\bO}{\mathbf{O}} \newcommand{\bP}{\mathbf{P}} \newcommand{\bQ}{\mathbf{Q}} \newcommand{\bR}{\mathbf{R}} \newcommand{\bS}{\mathbf{S}} \newcommand{\bT}{\mathbf{T}} \newcommand{\bU}{\mathbf{U}} \newcommand{\bV}{\mathbf{V}} \newcommand{\bW}{\mathbf{W}} \newcommand{\bX}{\mathbf{X}} \newcommand{\bY}{\mathbf{Y}} \newcommand{\bZ}{\mathbf{Z}} \newcommand{\bba}{\mathbf{a}} \newcommand{\bbb}{\mathbf{b}} \newcommand{\bbc}{\mathbf{c}} \newcommand{\bbd}{\mathbf{d}} \newcommand{\bbe}{\mathbf{e}} \newcommand{\bbf}{\mathbf{f}} \newcommand{\bbg}{\mathbf{g}} \newcommand{\bbh}{\mathbf{h}} \newcommand{\bbk}{\mathbf{k}} \newcommand{\bbl}{\mathbf{l}} \newcommand{\bbm}{\mathbf{m}} \newcommand{\bbn}{\mathbf{n}} \newcommand{\bbp}{\mathbf{p}} \newcommand{\bbq}{\mathbf{q}} \newcommand{\bbr}{\mathbf{r}} \newcommand{\bbs}{\mathbf{s}} \newcommand{\bbt}{\mathbf{t}} \newcommand{\bbu}{\mathbf{u}} \newcommand{\bbv}{\mathbf{v}} \newcommand{\bbw}{\mathbf{w}} \newcommand{\bbx}{\mathbf{x}} \newcommand{\bby}{\mathbf{y}} \newcommand{\bbz}{\mathbf{z}} \newcommand{\0}{\mathbf{0}} \newcommand{\1}{\mathbf{1}} % Caligraphic english alphabet \newcommand{\cA}{\mathcal{A}} \newcommand{\cB}{\mathcal{B}} \newcommand{\cC}{\mathcal{C}} \newcommand{\cD}{\mathcal{D}} \newcommand{\cE}{\mathcal{E}} \newcommand{\cF}{\mathcal{F}} \newcommand{\cG}{\mathcal{G}} \newcommand{\cH}{\mathcal{H}} \newcommand{\cI}{\mathcal{I}} \newcommand{\cJ}{\mathcal{J}} \newcommand{\cK}{\mathcal{K}} \newcommand{\cL}{\mathcal{L}} \newcommand{\cM}{\mathcal{M}} \newcommand{\cN}{\mathcal{N}} \newcommand{\cO}{\mathcal{O}} \newcommand{\cP}{\mathcal{P}} \newcommand{\cQ}{\mathcal{Q}} \newcommand{\cR}{\mathcal{R}} \newcommand{\cS}{\mathcal{S}} \newcommand{\cT}{\mathcal{T}} \newcommand{\cU}{\mathcal{U}} \newcommand{\cV}{\mathcal{V}} \newcommand{\cW}{\mathcal{W}} \newcommand{\cX}{\mathcal{X}} \newcommand{\cY}{\mathcal{Y}} \newcommand{\cZ}{\mathcal{Z}} % Formatting shortcuts \newcommand{\red}[1]{\textcolor{red}{#1}} \newcommand{\blue}[1]{\textcolor{blue}{#1}} \newcommand{\htext}[2]{\texorpdfstring{#1}{#2}} % Statistics \newcommand{\distr}{\sim} \newcommand{\stddev}{\sigma} \newcommand{\covmatrix}{\Sigma} \newcommand{\mean}{\mu} \newcommand{\param}{\theta} \newcommand{\gthEst}{\hat{\theta}} \newcommand{\ftr}{\phi} \newcommand{\est}[1]{\hat{#1}} % General utility \newcommand{\todo}[1]{\textbf{[TODO]}] \footnote{TODO: #1}} \newcommand{\tbc}{[\textbf{Incomplete}]} \newcommand{\chk}{[\textbf{Check}]} \newcommand{\why}{[\textbf{Find proof}]} \newcommand{\opt}[1]{\textit{#1}} \newcommand{\experience}[1]{[\textbf{Personal Experience}]: #1 \blacktriangle} \newcommand{\pf}[1]{[\textbf{Proof}]: #1 \Box} \newcommand{\core}[1]{\textbf{Core Idea}: #1 \Arrowvert} \newcommand{\example}[1]{\textbf{Example}: #1 \blacktriangle} \newcommand{\error}[1]{\textbf{Error alert}: #1 \triangle} \newcommand{\oprob}{[\textbf{OP}]: } \renewcommand{\~}{\htext{$\sim$}{~}} \DeclareMathOperator*{\argmin}{arg\,min} \DeclareMathOperator*{\argmax}{arg\,max} \)

Currency

Precious metals

There are mainly used as a store of value. Though they may have industrial use, their demand is dominated by the former. It is often difficult to get the fundamental value of precious metals. For example, Gold is in a 400 year price increase: but since its fundamental value is unknown, it can’t be easily said to be a boom.

Precious metals

Crypto-currency