Tag: gold

Store Of Value definition explanation

What is Store Of Value?
Any form of commodity, asset, or money that has value and can be stored and retrieved over time. Possessing a store of value is an underlying basis for any economic system, as some medium is necessary for a store of value in order for individuals to engage in the exchange of goods and services. As long as a currency is relatively stable in its value, money (such as a dollar bill) is the most common and efficient store of value found in an economy. Read more for examples and further explanation including related video clips and also comments
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Commodity definition explanation

What is Commodity?
1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade.

2. Any good exchanged during commerce, which includes goods traded on a commodity exchange. Read more for examples and further explanation including related video clips and also comments
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China Investment Corporation (CIC) definition explanation

What is China Investment Corporation (CIC)?
A government-sponsored entity of the People’s Republic of China that seeks to invest in securities and commodities abroad. The CIC was initially funded with around $200 billion, which originated from the issuance of long-term treasury bonds by the People’s Bank of China (PBOC). The bond proceeds were then converted into dollars through the foreign exchange market. Read more for examples and further explanation including related video clips and also comments
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Precious Metals definition explanation

What is Precious Metals?
A classification of metals that are considered to be rare and/or have a high economic value. The higher relative values of these metals are driven by various factors including their rarity, uses in industrial processes and use as an investment commodity.

Precious metals include, but are not limted to: gold, silver, platinum, iridium, rhodium and palladium. Read more for examples and further explanation including related video clips and also comments
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ZAR (South African Rand) definition explanation

What is ZAR (South African Rand)?
The currency abbreviation for the South African rand (ZAR), the currency for South Africa. The South African rand is made up of 100 cents and is often presented with the symbol R. The rand comes from the word “”Witwatersrand”” which means “”white waters ridge””. Johannesburg, the location of the majority of South Africa’s gold deposits, is located on this ridge. Read more for examples and further explanation including related video clips and also comments
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Bretton Woods Agreement definition explanation

What is Bretton Woods Agreement?
A 1944 agreement made in Bretton Woods, New Hampshire, which helped to establish a fixed exchange rate in terms of gold for major currencies. The International Monetary Fund was also established at this time. Read more for examples and further explanation including related video clips and also comments
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