Oil prices and inflation: Is there a relationship and how it may affect average people? On April 20, 2020 oil prices went negative. First of all, as you may know, in times of any economic slow-downs the prices of oil are usually low. You can see the trend on the graphs here. It’s just this … [keep reading..]
Gold prices in the last 10 years? In 2019 gold prices are higher than they ever were in the last 6 years! In this article I describe what this means and what you can do about it. On the graph below you can see the prices in the last 10 years. A period from November … [keep reading..]
What is a fiat currency? First of all, fiat according to the Oxford dictionary, means a formal authorization or proposition. While currency is any form of money that is accepted as a medium of exchange and is currently in circulation. (See definitions of money and medium of exchange in the FAQ section at the bottom … [keep reading..]
What is LBMA Good Delivery List, you ask? What is LBMA gold? Read on to find out. LBMA gold is gold of the highest quality and is recognized worldwide. ‘LBMA’ is an acronym and stands for ‘London Bullion Market Association’. What is LBMA exactly? LBMA is an international trade association for gold and silver bullion. … [keep reading..]
What is the cycle of money in finance? The life cycle of money is not as quick as that of a butterfly but worth all the attention. You may have noticed that in life everything goes in cycle. Money is not exception. Basically, the life cycle of money is when money goes from being gold … [keep reading..]
Watch all episodes of the Hidden Secrets of Money series here. After watching the series you will have you a good grasp of the history of money and what’s happening with the world financial system these days. You will also see clearly that money goes in cycles. As a result, you can make sound financial … [keep reading..]
Looking for a definition of gold spot price? Read on. Gold spot price is a market price of gold and is used only to trade gold on the markets. Gold spot price is something that professional speculators who bet on the future price of gold are interested in. However, it has nothing to do with … [keep reading..]
Q. What is the future of cryptocurrency? A. I think eventually, even among general public, cryptocurrencies will replace fiat currencies like US dollar, euro, ruble, etc., both cash and digital. Firstly, this will happen because the world is becoming more and more digitized with every day. Second, this will happen because cryptocurrencies are more decentralized, … [keep reading..]
Those that are backed by a valuable asset. Valuable assets such as gold and silver. Here is a list of gold gold-backed cryptocurrencies: A guide to gold-backed cryptocurrency Here is a proof that ‘backing’ by a valuable asset is crucial for the long-term success of any cryptocurrency: India – Maya Preferred 223 proves Bitcoin is now backed … [keep reading..]