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Clues In Currency Exchange Rates


wealthymattersFor a lot of investors who delve into the forex market, one of the most appealing factors is simplicity. In most cases, you can start out in forex through opening a mini account with your broker, allowing you to trade smaller amounts and thus risk less as you get familiar with the market. Additionally, following currency exchange rates can be a slightly less stressful process than dealing in stocks because in some ways exchange rates tend to be less volatile.

But to deal successfully in forex, it’s necessary to learn the different hints and clues to watch for in measuring exchange rate trends. Along those lines, here are some things to keep in mind. Read more of this post

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Nilesh Shah On Gold @KotakSecurities #KotakMidCapMeet15


wealthymattersPaper Investors have a fundamental difference in thinking from those who prefer tangible assets.
His argument is that as India is the only buyer of gold, the day we all wish to sell, we will find no buyers offering a good price. Banks are prohibited by law to buy-back gold and jewelers have stocked up gold on credit.
My understanding is that, gold sold at the time of large scale distress, such as war or its aftermath, might not get us a good price in any given currency, but gold is “money” that is directly exchangeable for goods and services.
Buying gold is a statement on non confidence in the currency of any given country. And the establishment that devalues it.

 

And in anycase, Mr Nilesh Shah is wrong on fact. Indians are not the only buyers of gold.

Top 10 Things You Didn’t Know About Money


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Knowledge Speaks

1. The Largest Banknote

Top 10: Facts about Paper Money

Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created by the government of the Philippines in 1998. Designed to celebrate a century of independence from Spanish rule, the note was offered only to collectors, who could purchase one of the limited-edition notes for 180,000 pesos, or about $3,700.

2. One in a Million

Top 10: Facts about Paper Money

The largest banknote ever issued by the Bank of England was the £1,000,000 note, issued in 1948 as a temporary measure during the postwar reconstruction in the Marshall Plan. Designed for use by the U.S. government only, the notes were canceled after just a few months, allowing very few to escape into private hands. But just because the notes are out of service doesn’t mean they’re valueless — in 2008, one of two known surviving notes fetched almost $120,000 at…

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All About Money


wealthymatters.com

The last couple of days I’ve been watching the sort of movies that challenged me to think about money theoretically.So to brush up on stuff I last had to deal with some 15 years ago I’ve been surfing the net for the sort of stuff found in basic economics books.In case you too need a small revision or you are totally new to economics here’s a chance to catch up.

BTW I’ve tried to make the whole experience as un lecture like as I can.Enjoy!

Definition : What is Money?

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.

Examples of Money:Cowrie shells,beads,metal coins,paper money,electronic money etc.

Since money involves so many things it is identified by the functions it performs.Any kind of object or secure verifiable record that fulfills these functions can serve as money. Read more of this post

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