Fundamental knowledge of economics may not be vital for maintaining a family budget, but the factors at the core of economics influence every aspect of our lives. At its most fundamental level, economics tries to explain the behaviors that drive our basic needs and the purchases we make to satisfy them. So how does economics work, and …
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Economics for Beginners: Understanding the Basics
How to Invest In Gold: 3 Ways to Buy and Sell It
Gold is a safe haven for investors in tough economic times. Some people look towards investing in gold to diversify their investment portfolio, while others want to own it because it’s a luxurious commodity to possess. Gold Statistics There are about 53000 metric tons of gold reserves for countries worldwide. The United States of America leads the …
Some Questions to Ask Yourself before Buying Precious Metals Online
Precious metals are a popular investment choice as they have significant economic value. Precious metals help balance a diversified portfolio; however, buying them online shouldn’t be taken lightly. Before deciding what to do, you need to consider various factors, such as what type of investment you are looking to make. Some of the best precious …
What is Crypto-currency? Beginners Guide to Digital Cash
Crypto-currency is like regular currency but a digitalized one. In simplest terms, cryptocurrency is the stored value of money that is not bound to a country’s government, banks, companies, or the state itself. Why is It So Popular? They are so popular because they allow everyone to transfer money from anywhere globally, and the recipient …
Does It Still Pay to Invest in Gold?
In 2021 alone, the US ranked first on the list of the top ten countries to own the world’s gold reserves. The US held 8,134 tons of gold in 2021. Some people still like to think of gold as a barbaric relic, having no monetary value in these modern times. They stress that paper currency …
Why Has Gold Always Been Valuable?
The world has always seen gold as a valuable metal. In ancient times, kings, priests, pharaohs, pirates, and even merchants were always searching for gold or ways to increase their wealth. The ancient rulers fought wars, killed thousands, colonized entire continents, and heavily taxed their people just for their next gold score. Even though some minerals …
Three Questions to Ask When Considering an IRA
Many impulsive people jump into things without planning or research. This happens a lot in the investment industry as well. When people hear of others making millions in the stock market, they start putting all their investments in stocks and bonds without proper research. So how are you supposed to know what investment option suits you? …
Advantages and Disadvantages of IRA Accounts
With the tax season just around the corner, you must be in the process of getting your tax return in order. The deadline for 2022 IRA contributions is also coming up, and you have until the 15th of April to make contributions. In case you have no idea where to start when it comes to IRAs …
How to Store Gold at Home
Gold is an excellent investment and has been the best store of value for centuries. Gold is a valuable asset and can be stored in various ways. But while there are many ways to keep gold at home for protection, not all are good. It’s a well-known fact that all valuables should be stored in …
How to Test Gold – 3 Simple Ways to Spot Fake Gold
In the past, gold testing has been a slow and expensive process. However, with advances in technology and the introduction of new methods, testing gold purity has become much easier and more affordable. Such as, gold is stamped with the karat weight or purity of the gold, as well as the manufacturer’s name to make …
