The strength of a nation's currency can be directly linked to that of its economy, and over the years this has been a common area of concern for governments around the world. There are many examples of countries which have changed their currency ...
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Can Gold Really Get to $80,000 Per Ounce? Yes – and Here’s How
One of the biggest problems with our current monetary system is that we use the dollars we earn to not only buy things and pay our bills, but also as a savings vehicle, whether those savings are for a rainy day account, our kids' college fund, or ...
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What Is a Hedge Fund?
The use of hedge funds in financial portfolios has grown dramatically since the start of the 21st century.
So what is a hedge fund? Well ... a hedge fund is just a fancy name for an investment partnership that has freer rein to invest aggressively ...
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The Big Problem with Cryptocurrencies
As the dollar price of bitcoin continues its seemingly inevitable ascent to $100,000, more and more people are jumping on the cryptocurrency train. After all, who can blame them? Yes; there are problems with cryptocurrencies. Despite this, many ...
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100 Words On: A Guaranteed Way to Preserve Your Wealth
Fiat-based paper currencies facilitate commerce by acting as a medium of exchange that's far preferable to bartering. Unfortunately, governments that wish to spend beyond their means can -- and do -- print fiat with impunity, thereby leading to ...
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Selecting Currency Pairs to Trade on the Forex Market
A currency pair in forex trading refers to a quotation of two different currencies, specifically, it is the amount that you would pay in one currency for a unit of the other currency. Therefore, when one currency's value within the pair changes, it ...
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How to Get Started with Currency Trading – The Right Way!
The trading of currencies is a common activity around the world. The market for foreign exchange -- commonly called"the Forex market -- is the place where currencies are traded. There are many similarities in the foreign exchange (FX) market as well ...
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Silver and Gold: The Superheroes of Wealth Preservation
Back in 1964, a gallon of gasoline cost about 25 cents in the United States. That's right. Believe it or not, way back in 1964, you could buy a gallon of gas for a quarter.
It just so happens that 1964 was the last year that the US Treasury minted ...
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Should the Government Regulate Cryptocurrency?
With every crypto bull cycle, general interest in cryptocurrencies inevitably rises. The incredible profit opportunities of these digital assets bring in increased media attention. Thus, the awareness of governments about cryptocurrencies grows. This ...
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How to Use Bitcoin While Traveling
We all love to travel, but exploring a new country with fiat currency can take a lot of effort. Coins and cash weigh down your pockets and on top of that, you need to convert your money. That's why traveling with bitcoin (BTC) is a great option. You ...
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Bullish Market or a Bubble? Three Historic Lessons We Can Learn From
It's no secret that there has been an incredible increase in interest in the stock market lately. Unlike the nearly-record lows of the first and second quarters in 2020, today's stock market has been dubbed a super bull market by many analysts. ...
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100 Words On: Why It’s Time to Eliminate the Penny
It's been a decade since Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now. Today, the penny is essentially ...
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Mailbag: What Will Happen to Pensions If Hyperinflation Hits the Dollar?
Hi Len, I've been reading your blog for close to a year now and love it! Do you think traditional pension payments will increase in some way during hyperinflation? While anything can certainly happen in the financial chaos, it seems there would be ...
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Is It Finally Time to Get Rid of the Penny?
Several years ago I moved into a new office at my place of employment. When I looked in the desk, I found 162 pennies in one of the drawers. I can only assume that the previous owner used the desk as his chosen repository for all the pennies he ...
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A Gold Trading Primer for Newbies
Although gold is wealth insurance first and foremost, there are some people who prefer to buy it strictly as an investment. Whether you're a long term investor or a short term trader, gold trading is a legitimate alternative for diversifying your ...
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6 Facts About Bitcoin Most People Don’t Know
As of now, you might have heard about bitcoin. Bitcoin is a world-famous cryptocurrency that was created in 2009.
You might have heard the opinions of crypto experts, the rapid rise in the price of bitcoin, it's highly-volatile price swings, and ...
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People Are Now Selling Their Homes For Bitcoin
Bitcoin has continued to gain popularity as a simple value transfer method for any product or service imaginable. As a result, selling real estate for bitcoin has become increasingly popular across the United States and the rest of the world. For ...
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Historical Gold & Silver Benchmarks for Wages and Commodities
As the value of the dollar continues to erode -- and with inflation raging almost everywhere you look -- price distortions have become so large that it's getting harder with each passing day to know the actual value of anything anymore.
The best ...
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21 Reasons Why Silver Is the World’s Second Most Valuable Commodity
During the last three decades, the world has consumed more silver than has been mined. No, really. And while most people are aware that silver is a precious metal that can be used for jewelry and silverware, as well as real money in the form of ...
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The Big Secret the Banking Industry Doesn’t Want You to Know
Because lending money costs a bank absolutely nothing, banks are fundamentally unlike any other business in some ways.
Yes, lending money costs the banks nothing. Think about it: Thanks to fractional reserve banking, the banks get to create the ...
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