A Look at How Banks Make Money
October 18, 2009 by Miranda Marquit
Filed under Personal Finance
If you are interested in how banks make money, and how our banking system works, this is an interesting video. It goes through how banking came about, as well as how the whole system works so that banks make money while providing a service to society.
It’s an interesting video, and one of the most controversial things (in some opinions) that the video maker says is that gold is basically useless. He points that, practically speaking, gold really doesn’t have any more value than the paper money that we use. The difference is that thousands of years ago society decided that …read more
So, How Does Banking Work, Anyway?
October 17, 2009 by Miranda Marquit
Filed under Corporate Finance
As a business, you are doubtless interested in the mechanics of money. At least you should be. It is important to understand how money flows through the system, as well as how banks make their money and make it available for use in corporate finance. If you are interested in how banking works, at a basic level, and how it affects society, this is a great video to watch.
The video also makes an interesting point about value and perception. The video points out that gold doesn’t actually have any more value, in real terms, than bits of paper. What makes …read more
Gold Breaks Records, Dollar Weakens
October 13, 2009 by Mark Ellis
Filed under Business News
The ongoing economic troubles have taken their toll on the dollar as investors worry about the stability of the currency and the possibility of inflation. However, the conditions that spell tough times for the dollar have also set the groundwork for the meteoric rise of the value of gold, which today reached an all-time high of $1,069.70 an ounce in New York, surpassing the record set on October 8 of this year.
According to analysts, gold is on the way to its ninth straight annual gain, its value having increased 20 percent this year alone. However, the dollar has plummeted 6.8 …read more
Gold Falls From Record Heights
October 8, 2009 by Stephen Kersey
Filed under Business News
Gold finally fell below $1,050 per ounce after three consecutive days of gain, ending the record-breaking rally that saw the value of gold reach shocking levels as more and more investors turned to gold as a secure investment. While gold dropped, the value of the dollar slightly rose, hinting at renewed investor confidence in the currency.
The value of gold and the dollar traditionally fluctuate with each other, one rising as the other one falls because of competing investor desires. Comments from Fed chairman Ben Bernanke seemed to have given investors a bit of faith in the dollar as economic recovery …read more
Gold Reaches All-Time High
September 16, 2009 by Mark Ellis
Filed under Business News
If you have invested any money in gold, you may be jumping for joy right now as the price of gold has climbed to an all-time high on Wednesday. Whereas the previous high for gold was set on March 18, 2008, at $1,003.20 an ounce, gold is now worth $1,020.20 an ounce due to a sagging dollar and concerns about inflation.
The dollar, however, has fallen to a one-year low thanks to increased optimism in global economic recovery and many investors’ desire to acquire riskier assets, such as stocks. According to most analysts, the weakness of the dollar is the main …read more
Silver Strengthens as Gold Weakens
August 24, 2009 by Mark Ellis
Filed under Business News
Most of the time, the price of silver tends to vary in accordance with how gold prices are doing, but 2009 has had silver gaining value even as the price of gold falters in its growth. While silver is up 3.1 cents in the New York Mercantile Exchange, landing at $14.191 per ounce, gold has dropped $10.90 and is now valued at $942.30 per ounce.
Throughout 2009, silver has increased in value by 26 percent, while gold has only risen a moderate 6 percent. Silver has historically been referred to as “poor man’s gold,” purchased at times when the dollar is …read more
Dollar Rebounds, Gold Falters
June 5, 2009 by Mark Ellis
Filed under Business News
Depending on where your investments lie, you may or may not be upset by the news: although gold futures have dropped 2 percent today, lower-than-expected job losses have propelled the dollar upwards. Traditionally, the value of gold increases whenever the dollar loses value as investors look for a safer place to invest their money, but this development shows that the opposite holds true as well.
According to a recent report by the Labor Department, applications for unemployment insurance have finally begun to slow down, showing their first decline in numbers in a long while. Analysts seem to agree that employers are …read more
What’s the future of gold currencies?
July 14, 2008 by moneypenny
Filed under Personal Finance
In the light of recent developments in the digital gold market, with companies like e gold being indicted and the US government taking a hardline against some of them because of moneylaundering and unregulated illegal practices going unchecked, what do you think the future of these alternative currencies or digital currencies are ?
Can the US govt and others force them out of business as some believe?
We value your opinion here on www.digitalmoneyworld.com and both Mark and Benson have written here on digital gold extensively in the past.
DGC Magazine Blog
http://www.dgcmagazine.com/blog/index.php
Author: Mark Herpel
Listed in: Finance Innovation
Tags: gold e-gold e-bullion pecunix e-currency …read more
What we can learn from Buffet in down times.
July 4, 2008 by moneypenny
Filed under Personal Finance
Recently we’ve been talking about investing in digital gold or digital shares here on www.digitalmoneyworld.com I also asked what you would do with a windfall of 1000 dollars in this post
http://www.bizzia.com/fridays-fun-question/ What is clear, whatever you want to invest in, is this:Those who successfully invest year after year, follow one golden rule although their risk aversion may be high or low.
The golden rule is invest for the long term, that means five years or more.
That doesn’t mean you can’t take chances and make money on the short term on higher risk investments which can give higher returns. It …read more
3 simple Rules for Online Security
June 24, 2008 by moneypenny
Filed under Personal Finance
I blogged yesterday about the those that have written into me about a fake moneybookers scam.
http://www.bizzia.com/adding-value/
Adding value read this and comment on it if you have suggestions.
These people were scammed because they received an email identical to the moneybookers one and took it as the original, it was actually a faked page which looked identical.
Today I want to talk about online security with moneybookers, pay pal and others.
What should you expect to receive from them?
Rule number one
Any mail you get, first check the address it came from, that’s the first clue. …read more





