I think this is a great example of why gold is so valuable.When I read the above article, I was shocked.The Saudi government has been using gold to finance the purchase of oil.The gold is used to purchase oil from fields. Saudi Arabia is the largest producer of oil in the world and is one of…
Month: June 2021
How to tell the difference between a bitcoin and a yuan
By Sarah Mcclelland and Michael Ransom | 01.24.2018 | 16:08 | Posted by Medical News Now article A bitcoin is one of the world’s most popular and widely traded cryptocurrencies.But what exactly is it?And how does it work?The short answer is that it’s not a digital currency, but a blockchain-based distributed ledger.The key difference between…
What is the US dollar?
A lot of things.The dollar is a global reserve currency and, for the last four years, it’s been trading at about 40 percent of the world’s reserve value.The Fed, which is not a government agency, controls the supply and demand of dollars.That means that if the Fed were to hike the dollar’s value, it would…
‘Tiger Woods is back’: Tiger Woods’ next tour will be the biggest tour of his career
Tiger Woods will play the first of three World Golf Championships in Brazil on July 25, a day before his 18th birthday, with the rest of the top-ranked men in the world taking part in the event.Woods has been out of action since April 25 due to an ankle injury sustained in the opening round…
Bitcoin’s future is bright, but we don’t yet know how it will fare in a world of digital currencies
Bitcoin is expected to make a strong comeback in 2017, but it is also being watched closely as it enters a new era.The digital currency has risen in value in recent years amid an explosion in demand from consumers around the world, and its value has increased by more than $100 billion in less than…
Which currencies should you know about?
The European Central Bank said it will cut its bond buying for the second time in less than two weeks, as its members weigh up the possibility of a possible debt crisis.The decision came on the heels of a second cut to its bond purchases in just under a week.The move followed the ECB’s announcement…
How to buy your first bitcoin, and a bitcoin-friendly guide
You know the saying: “Buy cheap, sell cheap”?Well, if you want to know how much it costs to buy a bitcoin, here’s how.The currency is a kind of virtual commodity, and unlike the real thing, you can’t buy or sell it.To make a transaction, you need to have a bitcoin wallet, which can only be…
Why is India not buying American goods?
The world is getting more expensive for consumers as a result of rising inflation and a weaker currency, according to the World Bank.The organisation said in its annual report on the world economy on Wednesday that the cost of goods rose 2.3% in the first half of this year and 2.9% in 2017 compared with…
Google, Google Chrome to offer $1,000 Google Coins for Android phones
Google and Google Chrome have announced that they will be making the world’s first-ever Google Coins, which will be offered for Android smartphones.The coin, which is a reward for Google’s dedication to the open internet, will be a $1.00, or 0.01, Google Coins.Google will also be accepting donations for the project via the Android app.This…
Currency futures and trading with bitcoin, rupee, yen and yuan, as banks and payments processors work to curb bitcoin volatility
New York – China’s government on Tuesday announced that the country would begin banning the use of digital currencies in certain areas, including tourism and banking.The announcement came just two days after the Reserve Bank of India (RBI) said it would stop accepting foreign currency payments for goods and services in India, the first country…
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