Gold and silver coins, the famous “old world” currency, are fast becoming the “new world” currency because they offer the missing link in all paper currencies: a store of value.
Today, Americans are facing a pile of unpaid debts. At the helm is a new Fed chief, Ben Bernanke, who has already been nicknamed “Helicopter Ben” [...]
For thousands of years Gold has been used as currency and been a highly prized precious metal.Gold has always been a favoured investment to hedge your portfolio against inflation. Gold prices in the international gold market can remain fairly stable through times of instability, recession and currency fluctuations.
The ways of investing in gold can be [...]
Humans have been fascinated by gold for thousands of years, by the way it never tarnishes and by its unique color.
Sadly, gold is useless in engineering terms, except for plating electrical contacts, to ensure they never tarnish and lose their conductivity. The metal is too soft, with too low a tensile strength to be used [...]
What is marginal economy?
Think it this way, which do you need more, gold or water?
Of course you need water more.
Which one will you pay more money for? One kilogram of gold or one kilogram of water? Of course, gold.
Why?
That’s because in economy, only the marginal matters. What does that mean?
Water is precious.
However, the value of [...]