An IOU is an informal document that acknowledges a debt owed, and this debt does not necessarily involve a monetary value as it can also involve physical products. The informal nature of an IOU means there may be some uncertainty about whether it is a binding contract, and the legal remedies available to the lender … Continue reading What is an ‘IOU’?
Fiat Money is any legal currency that is not backed by a physical commodity, nor does the material it is made of have significant value. The currency’s stated value exists because of government decree. Hence the name “fiat,” which comes from Latin and means, “It shall be.” A currency that is fiat money maintains its … Continue reading Fiat Money
Money in and of itself, is nothing. It can be a shell, a metal coin, or a piece of paper with a historic image on it, but the value that people place on it has nothing to do with the physical value of the money. Money derives its value by being a medium of exchange, … Continue reading The History Of Money: From Barter To Banknotes
Bullion is gold and silver that is officially recognized as being at least 99.5% pure and is in the form of bars or ingots. To create bullion, gold first must be discovered by mining companies and removed from the earth in the form of gold ore, a combination of gold and mineralized rock. The gold is … Continue reading What is ‘Bullion’ ?
When the market tumbles or investors are afraid of what's going on in the world or people are afraid of inflation, interest around investing in gold goes up. You'll hear folks lament over-priced stocks or express distrust in the Federal Reserve to unwind from their quantitative easing without printing money and causing hyperinflation. Whatever the reasons, investors will … Continue reading Investing in Gold? Here’s What You Need to Know
Palladium is a shiny, silvery metal used in many types of manufacturing processes, particularly for electronics and industrial products. Palladium has an atomic number of 46 on the periodic table of the elements. The majority of the world's supply of this rare metal comes from mines located in the United States, Russia, South Africa and Canada. … Continue reading What is ‘Palladium’?
Since the dawn of time, gold and silver have been recognized as valuable. And even today, precious metals have their place in a savvy investor's portfolio. But which precious metal is best for investment purposes? And why are they so volatile? If you're just getting started in precious metals, read on to learn more about how they work … Continue reading A Beginner’s Guide to Precious Metals