...domesticate cattle How Trade Changed the Region Being on the west coast of Africa previously, it was difficult to the reach the region having to cross large amounts of desert This was changed by the domestication of the camel Camels were able to go much farther and travel with an increased amount of freight used for trading purposes The increased trade brought better technology to the region such as iron metallurgy It led to an expansion in tools and weaponry As trade increased it brought a major population boom along with it With the merchants traveling from the east, along with them came ideals from the East The merchants brought the study of Islam with them and the entire region became immersed in it Gold With the increase in iron technology, along with it came an increase in the extraction of gold out of the region There are three major gold extraction methods: alluvial, shallow pit, and deep shaft Gold would get caught up in the sediment of the river and people would collect it and bring it back on to dry ground and sort the gold out from the sediments The gold that was extracted from Ghana had merchants flocking form the...
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...Disadvantages of the Gold Standard Angelina Di Mauro BUS 450 Wendy Achilles July 14, 2012 The Advantages and Disadvantages of the Gold Standard The Gold Standard is a historic monetary system in which the standard unit of account is a fixed weight of gold, and though the main benefit is that it insures a relatively low level of inflation, economies on the gold standard are less able to avoid or offset either monetary or real shocks. Gold has been known as the currency of choice throughout history, and at one point in time the country that had the most gold was known to be the wealthiest. By the eighteen hundreds many countries began to seek new ways to produce wealth through standardized transactions. As a result the gold standard was adopted as means to exchange currency in a new world market, and means to regulate the production of paper money in world economies. The following will highlight both the advantages and disadvantages of the historic gold standard monetary system. The paper will come to a conclusion with an emphasis on why many countries had to abandon this momentous means of exchange. According to one source, “the gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money, i.e. bank deposits and notes, were freely converted into gold at a fixed price” (Bordo, pg 1 ¶1). In a new world market the gold standard was a way to...
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...Gold Anonymous. Metal Bulletin Monthly 418 (Oct 2005): 50-51. Abstract (summary) Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Full Text Gold is among the oldest metals known to mankind, over whom it has often exerted a compelling force of attraction because of its rarity, lustrous beauty and permanence. A sun-yellow ductile metallic element, gold mostly occurs as nuggets in rocks and alluvial deposits. It has a high melting point (1,063°C) and is one of the best conductors of heat and electricity, as well as being resistant to corrosion, except from chlorine, fluorine and aqua regia acid. It is one of the densest elements at 19.3 g/cm^sup...
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...is not just studied of coins, it also includes the study of medals, paper money, and such as banknotes. Which provide basic ideas of how ancient and present social organization, economy, trade behavior, and mythology work. Before the invention of coins, it already exists the commercial service, which they use the barter system for trading with each other. They exchange materials with one another for basic sources they need in daily life, this is not an equal trade. The most popular material will become the commodity currency for the society in ancient society. For example, the barley was popular use in the Mesopotamia for trade, and most commodity money used in ancient time is food. However after they found metal is more durable and precious they replace the popular items to metals, but they need their society to be steady. The first ancient group, who use the metals to determine the value of the material is Sumerian. According to the Sumerian Mythology, Sumerian think the gold represents the sun god and the silver represents the moon god. Originally in the beginning, the gold used the hand scale to determine the amount to exchange, to chop the gold in to pieces, and people who kept the metals were usually kept by the priest. The priest handles the conflict between the...
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...|Word Count '' 1724 words | Industry Overview: i. India is the largest consumer of gold in the world to be followed by China and Japan. India is emerging as world's largest trading centre of this commodity with a target of US$ 16 bn. set for 2010. ii. Placed against targets to achieve 65 percent of the international market by 2010, India’s gem and jewellery industry has registered an impressive 21.33 percent growth in exports iii. India dominates the world’s cut and polished diamonds (CPD) market. In value terms, the country accounts for approximately 55 percent of global polished diamond market and nearly 9 percent of the jewellery market. According to GJEPC's provisional estimate, cut and polished diamonds registered 19.06 percent growth in exports at US$ 7.11 mn. iv. India accounts for 80-85 per cent of the world’s CPD market in volume terms, 55-60 per cent in value terms and about 90 per cent in unit terms. Other major players in the global CPD market are Belgium and Israel. v. Surat contributes 90 percent of India's total diamonds exports. vi. India's domestic branded jewellery market is estimated at US $150 bn. vii. There are 13 bullion importing banks in India. viii. India's Gem and Jewellery Exports Promotion Council (GJEPC) is aiming at turning India into an International Diamond Trading Centre. ix. Since India already enjoys 80-85 per cent of the world CPD market, scope for further growth in diamond exports...
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...A Brief History of the International Monetary System Kenneth N. Matziorinis 1. Introduction The international monetary system is the structure of financial payments, settlements, practices, institutions and relations that govern international trade and investment around the world. To understand the international monetary system, we can start by looking at how a domestic monetary system is structured. The Canadian financial system, for instance, is composed of a) a currency; b) a central bank which issues that currency; c) financial deposit-taking and lending institutions such as commercial banks and d) the Canadian Payments Association. The currency used in Canada is the Canadian dollar. It is the means of payment, store of value and unit of account for all transactions conducted within Canada. It is the currency in which all assets and liabilities are measured. As such, exchange rates are not an issue in our domestic transactions. The country’s central bank, is the Bank of Canada. Its role is to issue the currency of the land, the Canadian dollar, to manage the supply of money to ensure that there is neither too much of it that could cause inflation, nor too little that could cause recession and to oversee the financial system, acting as a lender of last resort when the need arises. Commercial banks and other non-bank financial institutions are the main players in the financial system. They engage in the process of financial intermediation, which is the taking of deposits...
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...Investors are bracing for more choppy trading on financial markets in the final run-up to the EU referendum after Brexit jitters knocked the pound to a seven-week low, dented share prices and fuelled demand for safer assets such as bonds and gold. With opinion polls tight and less than two weeks to go before the vote, sterling came under pressure and it was down more than 1% against the US dollar at one point on Friday. In late afternoon trading the pound was worth $1.43. FTSE falls sharply amid new Brexit warnings - as it happened Investors take fright on Brexit fears with FTSE 100 suffering biggest one day fall since mid-February Read more “The opinion polls are as close as they’ve been for the entire campaign. And while the phone polls still show a lead for remain, with the online polls much closer and significant doubts about the reliability of all polls whatever the methodology, financial markets remain very jittery about the possibility of a ‘leave’ win,” said economists at Daiwa Capital Markets in London in a note to clients. For stock markets, worries about the 23 June referendum compounded fears of a global economic slowdown, falling oil prices and next week’s Federal Reserve meeting on US interest rates. The FTSE 100 index of blue-chip stocks suffered its biggest one-day drop since mid-February and closed down 1.9% at 6,115.8. No single market access for UK after Brexit, Wolfgang Schäuble says Read more It was a similar picture around the world....
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...the price of gold. They used monthly gold price data January 1976 to December 1999 and applied Error Correction Model. If set of conditions have satisfied, the price of gold will rise over time at the general rate of inflation. Ranson (2005) tried to find out role of gold and oil as predictor of inflation. He found that gold price is more reliable barometer of the inflation than oil price because the effect on official inflation statistics, is reliably indicated by how far policy actions have allowed the price of gold to rise. Worthington and Pahlavani (2006) tested for the presence of a stable long-run relationship between the monthly price of gold and inflation in the United states from 1945 to 2006 and from 1973 to 2006. By applying unit root and modified cointegration test, they provided strong evidence of a cointegrating relationship between inflation and gold. This is in line with the view that gold can serve as an effective inflationary hedge. Levin and Wright (2006) tried to find out short-run and long-run determinants of the price of gold for the period January 1976 to August 2005. By using cointegration techniques they confirmed that the long-run price of gold moves only to the US price level, while short-run movements in the gold price were related to exchange rate, gold lease rate , gold’s beta, US inflation , US inflation volatility, credit risk and political uncertainty. Tully & Lucey (2007) investigated the relationship between gold prices and exchange...
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...ACKNOWLEDGEMENT . I hereby express deep gratitude to all those who have helped us directly or indirectly in completing this work and who have encouraged and inspired us all through the project. Words are inadequate to express our deep sentiments and gratitude towards my project mentor and guide, …………………., for her zeal and scholarly guidance during this pursuit in spite of her multifarious responsibilities. The word of acknowledgement is an expression of heart-felt thankfulness for her inspiration. Finally, we would like to thank the people who have taken time off from their busy schedule to help by providing us with their valuable inputs. OBJECTIVE OF STUDY The objective to study the “A comparative study on the consumer’s preference among Branded and non branded jewellery” is to find out: 1) To compare between the consumer preference among the branded and non branded jewelery. 2) To know consumer perception towards branded jewellery. 3) Brand awareness of various brands in the jewelery market. 4) To have an idea about the parameters the consumers consider while buying jewelery SIGNIFICANCE OF THE STUDY The gems and jewellery industry occupies an important position in the Indian economy and is one of the fastest growing industries in the country. Hence the research conducted would help us to: 1) Understand the consumers preference while purchasing jewellery. 2) How much impact does a brand/ retailer has on their purchase decision...
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...jewellery | 10 | 8. | Analysis of data collected | 11-12 | 9. | Questionnaire | 13-16 | 10. | References | 17 | INTRODUCTION As India makes rapid progress in the retail arena, the Indian Jewellery market is undergoing a gradual metamorphosis from unorganized to organized formats. The jewellery business in India is estimated to beat Rs. 50,000 crores. According to the independent estimation studies conducted by World Gold Council & Mckinsey, out of the overall market share, the share of organized jewellery market is less than Rs. 1,000 crores. This accounts to about 2-3 % of the total market share. But given that this is a relatively new segment of the market, it is poised to grow. Jewellery retailing is moving from a ‘Storehouse of value’ to a ‘Precious fashion accessory’. Plain gold is gradually easing its stranglehold on the Indian consumer psyche to give way to diamonds, platinum and colored gemstones. The way jewellery was worn before is undergoing a tremendous change. Traditional designs are yielding to modern jewellery, heavy gold is giving way to light and simple designs. Consumers are more quality conscious than ever before. The jewellery market is one of the largest consumer sectors in the country- larger than telecom, automobiles, and apparel and perhaps second only to the foods sector. Interestingly, organized retailers have attempted to understand the market, anticipate...
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...Pan American Silver Corp. (NASDAQ: PAAS) * Enterprise Value: $833.83M | * Enterprise Value/Oz.: $1.36 | * Industry: Silver Production | * Symbol: PAAS | * Production: 19,330,000 (9 months) | * Market Capital: $1.03B (as on 7/1/16) | * Revenue: $511,728,000 (9 months) | * Share Price: $6.81 (as on 7/1/16) | * Net Income: $ (9.46)M (as on 30/9/15) | * P/E Ratio: N/A | Pan American Silver Corp. is a Canadian company focusing on silver mining in Mexico, Peru, Bolivia and Argentina with corporate office in Vancouver. The company is trading on the Toronto Stock Exchange under the SYM: PAA and SYM: PAAS on the NASDAQ. Founded in 1994, the company acquired its first operation, the Quiruvilca mine in Peru, in 1995. It has grown into an established and respected mine builder and operator through the acquisition and reengineering of existing mines, or through the development of late-stage exploration assets that they successfully permitted, built and put into ongoing mining operations. In two decades, with constant increase in production and reserve year after year the company has become the world’s second largest primary silver producer. Mines and Claims Pan American Silver owns seven operating mines and six development and exploration projects. All the projects and five of the seven operating mines are under 100% ownership of the company. The operating mines and development projects are all located in Mexico, Peru, Bolivia and Argentina...
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...* Indore to Bhoapl.(180 km) SlideShare ------------------------------------------------- Top of Form Bottom of Form * Upload * Browse * Go Pro * * * Email * Like * Save * Embed ‹ › /44 × * Related * More * Jewellery buying habits in Indian Women 2070 views * “A COMPARATIVE STUDY ON THE CONSUMER’S PREFERENCE TOWARDS BRANDED JEWELLERY … 2770 views * A project on consumer preference over branded jewellery and non branded jwellery… 12276 views * A project on consumer preference over branded jewellery and non branded jwellery… 4494 views * Final print out 1958 views * Gems and jewellery 1917 views * Tanishq the turnaround story 934 views * Consumer Buying Behaviour & Perception About Tanishq - The Jeweller 15609 views * Final ppt of marketing research on jwellery industry 2419 views * 542170 634210229644275000 241 views * tanishq 7413 views * Market review for tanishq presentation 7967 views * Trends In Jewellery 4955 views * Strategic Management 847 views * Glistening upturn in branded luxury jewellery 944 views * Copy of tanishq presentation 381 views * Diamond retailers 1467 views * Jems and jwellery.. 128 views * Ibef Jewellery 06 1902 views * consumer buying behaviour of branded and non branded jewellery 1399 views * GITANJALI BRAND BOOKLET 2012 170 views * Indian Jewelry Market: Trends...
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...Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000 Dear Sir/Madam 2010 ANNUAL REPORT Please find attached Navigator Resources Limited’s 2010 Annual Report which is being dispatched to shareholders today. A copy will also shortly be www.navigatorresources.com.au. Yours sincerely NAVIGATOR RESOURCES LTD available on the Company’s website at GERRY KACZMAREK Company Secretary Ground Floor, 45 Richardson Street WEST PERTH WA 6005 PO Box 276 WEST PERTH WA 6872 Telephone: (08) 9226 5311 Facsimile: (08) 9226 5411 Email: navigator@navigatorresources.com.au Website: www.navigatorresources.com.au ASX Code: NAV ACN: 063 366 487 2 0 10 ANNUAL REPORT SUCCESSFUL TRANSITION TO MID-TIER GOLD PRODUCER 2010 AN NUAL REPORT 2 N AV I G ATO R R E S O U R C E S L I M I T E D Corporate Directory Navigator Resources Limited ABN: 82 063 366 487 DiRectoRs & seNioR MANAgeMeNt Directors Dr Allan trench Mr David Hatch Mr gordon galt Mr Matt Healy Mr ian Macpherson Mr John shipp Senior Management Mr trevor cook Mr gerry Kaczmarek Mr Bernie Kirkpatrick Miss Michelle simson Mr ian Bignell Non-executive chairman Managing Director Non-executive Director Non-executive Director Non-executive Director Non-executive Director PRiNciPAL PLAce oF BusiNess & RegisteReD oFFice ground Floor, 45 Richardson street West Perth, Western Australia 6005 Tel: (08) 9226 5311 Fax: (08) 9226 5411 Email: navigator@navigatorresources.com.au Website:...
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...PURE GOLD TO BE THE LEADING MINING COMPANY To create value for our shareholders, our employees and our business and social partners through safely and responsibly exploring, mining and marketing our products. Our primary focus is gold and we will pursue value creating opportunities in other minerals where we can leverage our existing assets, skills and experience to enhance the delivery of value. Safety is our first value. We place people first and correspondingly put the highest priority on safe and healthy practices and systems of work. We are responsible for seeking out new and innovative ways to ensure that our workplaces are free of occupational injury and illness. We live each day for each other and use our collective commitment, talents, resources and systems to deliver on our most important commitment ... to care. We are accountable for our actions and undertake to deliver on our commitments. We are focused on delivering results and we do what we say we will do. We accept responsibility and hold ourselves accountable for our work, our behaviour, our ethics and our actions. We aim to deliver high performance outcomes and undertake to deliver on our commitments to our colleagues, business and social partners, and our investors. We treat each other with dignity and respect. We believe that individuals who are treated with respect and who are entrusted to take responsibility respond by giving their best. We seek to preserve people's dignity, their sense...
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...ZIMBABWE THE 2012 MID-YEAR FISCAL POLICY REVIEW “From Crisis to Austerity: Getting Back to Basics” Presented to the Parliament of Zimbabwe By Hon. T. Biti M.P. Minister of Finance 18 July 2012 1 2 Table of Contents INTRODUCTION .............................................................................. 9 THE 2012 BUDGET OVERVIEW .................................................... 12 STATE OF THE ECONOMY AND PROPOSED INTERVENTIONS . 16 GDP Growth Slowdown ........................................................ 16 The 2012 Mid-Year Fiscal Policy Review Thrust ................... 19 AGRICULTURE .......................................................................... 20 Productivity ........................................................................... 22 SADC Food Situation ............................................................ 25 Tobacco Marketing ............................................................... 26 Cotton Marketing .................................................................. 27 Livestock ............................................................................... 28 Outlook ................................................................................. 29 Financing .............................................................................. 29 Leases and Surveying ........................................................... 31 Access to Inputs ................................................................... 32 Irrigation .....
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