Tag: gold

Brazil, Russia, India And China – BRIC definition explanation

What is Brazil, Russia, India And China – BRIC?
An acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers. Read more for examples and further explanation including related video clips and also comments
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Lawful Money definition explanation

What is Lawful Money?
Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves. Fiat money includes legal tender such as paper money, checks, drafts and bank notes.

Also known as “”specie””, which means “”in actual form.”” Read more for examples and further explanation including related video clips and also comments
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Numeraire definition explanation

What is Numeraire?
An economic term that represents a unit of account. In French, the term means “”money””, “”coinage”” or “”face value””. A numeraire is usually applied to a single good, which becomes the base good. All similar goods are then valued and priced against the base good. This comparison makes it possible to identify which goods are worth more than others. Read more for examples and further explanation including related video clips and also comments
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Shark Repellent definition explanation

What is Shark Repellent?
Slang term for any one of a number of measures taken by a company to fend off an unwanted or hostile takeover attempt. In many cases, a company will make special amendments to its charter or bylaws that become active only when a takeover attempt is announced or presented to shareholders with the goal of making the takeover less attractive or profitable to the acquisitive firm.

Also known as a “”porcupine provision””. Read more for examples and further explanation including related video clips and also comments
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Black Friday definition explanation

What is Black Friday?
1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay Gould and James Fist, who attempted to corner the gold market. The attempt failed and the gold market collapsed, causing the stock market to plummet.

2. The day after Thanksgiving in the United States. Retailers generally see an upward spike in sales and consider this to be the start of the holiday shopping season. It’s common for retailers to offer special promotions and to open early to draw in customers. Read more for examples and further explanation including related video clips and also comments
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Dow Jones AIG Commodity Index – DJ-AIGCI definition explanation

What is Dow Jones AIG Commodity Index – DJ-AIGCI?
A rolling commodities index composed of futures contracts on 19 physical commodities traded on U.S. exchanges. The index serves as a liquid and diversified benchmark for the commodities’ asset class. Read more for examples and further explanation including related video clips and also comments
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