Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made. BREAKING DOWN 'Fiat Money' Fiat money only has … Continue reading What is ‘Fiat Money’ ?
Day: August 23, 2018
What is a ‘Commodity’ ?
A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. When they are traded on … Continue reading What is a ‘Commodity’ ?
What is the ‘Gold Standard’ ?
The gold standard can refer to several things, including a fixed monetary regime under which the government's currency is fixed and may be freely converted into gold. It can also refer to a freely competitive monetary system in which gold or bank receipts for gold act as the principal medium of exchange; or to a … Continue reading What is the ‘Gold Standard’ ?
Main Reasons To Own Gold
Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first pure gold coins were struck during the rein of King Croesus of Lydia about 300 years later. Throughout the centuries, people have continued … Continue reading Main Reasons To Own Gold
7 Alasan Anda Perlu Menabung Emas dan Berinvestasi Emas
Setiap orang tentunya memiliki tujuan-tujuan keuangan yang ingin dicapai, misal mau beli rumah, beli kendaraan, jalan-jalan ke luar negeri dan lain sebagainya. Tapi di sisi lain ada keterbatasan dari penghasilan, misal gaji bulanan yang jumlahnya tetap. Oleh sebab itu investasi menjadi salah satu solusi dan jalan keluarnya. Investasi dapat diartikan sebagai proses dimana anda menyimpan … Continue reading 7 Alasan Anda Perlu Menabung Emas dan Berinvestasi Emas