Barter is an act of trading goods or services between two or more parties without the use of money (or a monetary medium such as a credit card). In essence, bartering involves the provision of one good or service by one party in return for another good or service from another party. A simple example of a barter arrangement … Continue reading What is a ‘Barter’?
Hyperinflation is extremely fast or out-of-control inflation. Hyperinflation occurs when price increases are so wild that the concept of inflation is meaningless. Although hyperinflation is considered to be rare, it occurred as many as 55 times in the 20th century in countries such as China, Germany, Russia, Hungary and Argentina. BREAKING DOWN 'Hyperinflation' When associated with depressions, … Continue reading What is ‘Hyperinflation’?
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’ ?
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’ ?
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’ ?
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
Gold has endured centuries as a mark of wealth and the many benefits of gold begin with its simplicity. It is indestructible, relatively scarce and cannot be manufactured. It is a refreshing alternative to the complex investment products in the headlines today. The Different Karats of Gold Karat is the term used to measure the … Continue reading What Is The Different Between 24K, 22K and 18K Gold
Investing in gold is often labeled a risky investment by financial media and institutions but when done properly, that presumption could not be further from the truth. The important thing to know about gold investment is that there are a multitude of ways to do it and choosing the right method is key to fulfilling … Continue reading Ways To Invest In Gold And Their Pros and Cons
The article is dedicated to all my Indian customers From gold jewellery gifted at weddings to investments in gold coins, there are several reasons why Indians are obsessed with this yellow metal. A notable advantage of gold as an asset is that it is highly liquid and portable. It can be converted to cash when … Continue reading Custom Duty on GOLD Taken to India
The launch of the Shari’ah Standard on Gold will not simply facilitate more Shari’ah compliant investment; it can open up an entire asset class to the Islamic finance community. As such, it can help to shape the future of Islamic finance. Gold is a powerful investment tool that can benefit Islamic investors Gold’s distinctive qualities … Continue reading Four Critical Roles That Gold Can Play