...are many advantages as well as disadvantages of converting to a gold standard medium of exchange. It is described in Sean Williams' article "Would Donald Trump Really Put America Back on the Gold Standard?" One beneficial aspect of a precious metal backed monetary system would be that changing to another monetary system could result in the destabilization of economy (Williams 1-2). Williams concludes by describing why a gold standard would be disadvantageous. Williams has written many articles for the Motley Fool and has a B.A. in Economics. He has been writing for the Motley Fool since 2010 and often writes about macroeconomics and marijuana. He explains that although money backed by precious metals, usually are stable in value, sometimes...
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...story and nothing more right? Wrong! When author, L. Frank Baum created The Wizard of OZ maybe he had something else up his sleeve; a deeper meaning. The Wonderful Wizard of OZ was written in the 1900’s during the collapse of the populist movement. Making it to believe that, The Wonderful Wizard of OZ is nothing but a Political Allegory. It was reported that author Frank L. Baum was a political activist in the 1890’s who showed a great deal of interest in the question of “gold and silver”. The question of Gold and Silver being whether or not both silver and gold should be used as currency ( Bryan’s side) or the economic account being based on a fixed quantity of gold (the Republicans side). To put the controversy in a simpler form; you had two sides, “free silver” (Bryan) and “sound money” (Republicans). In Baums’, The Wonderful Wizard Of OZ, the “Yellow Brick Road” would represent the Gold standard and the silver slippers; most commonly known as ruby slippers in the film version, would represent the “free silver” movement. The belief that The Wizard of OZ is more than just a children’s story, but an allegory dates all the way back to the year of 1964, when high school teacher Henry Littlefield wrote an article in the American Quarterly, titled The Wizard of OZ:Parable on Populism. http://www.amphigory.com/oz.htm It is also believed by...
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...Fiat Currency Vs. Gold Standard To understand the difference between Fiat Currency and Gold Standard you must first know what each of these terms mean. Fiat currency is a common typre of currency whose value is based on the issuing authority’s guarantee to pay the stated amount on demand, and not on any intrinsic worth or extrinsic backing. The Gold Standard is a monetary system in which a country’s government allows its currency unit to be freely converted into fixed amounts of gold and vice versa. The exchange rate under the gold standard monetary system is determined by the economic difference for an ounce of gold between two currencies. Gold has been used as a currency of choice throughout history. In fact, the earliest known use was in 643 in lydia, present day Turkey. As well as the gold, silver was also used for monetary currency. For example, during the Middle Ages, the Byzantine Empire used gold coins what are known as Bezant. This currency was used throughout Europe and the Mediterranean until the Byzantine Empire’s economic influence started to decline and most of Europe tended to see silver as the currency of choice instead of gold. The United States also used the Gold Standard 1900 to 1933 after Bimetallism fell through, with the passage of the Gold Standard Act, which provided that: “...the dollar consisting of twenty-five and eight-tenths grains (1.67 grams) of gold nine-tenths fine, as established by section thirty five hundred and eleven of the Revised...
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...Publications February 2010 CONTENTS Page No. List of Tables List of Exhibits List of Boxes Executive Summary 1. 2. 3. 4. 5. 6. 7. 1. 2. 3. 4. 5. Introduction Raw Material Base: Global scenario International Trade in Precious Metals, Gems and Jewellery Profile of Select Countries Status of Precious Metals, Gems and Jewellery Industry in India Market Analysis Challenges and Strategies World Gold Demand Production of Diamond in the World and in India World Exports and Imports (2007) of Select Precious Metals, Gems and Jewellery India’s Major Export Destinations and Import Source Countries of Precious Metals, Gems and Jewellery (2008-09) Members of Kimberley Process 5 7 9 11 30 32 41 47 61 84 93 108 109 110 113 116 Annexure Project Team: Mr. S. Prahalathan, General Manager, Research & Planning Group Ms. Renuka Vijay, Manager, Research & Planning Group 3 List of Tables Table No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. Title Consumer Demand for Gold in the World Major Producers of Gold in the World Major Producers of Silver in the World Major Producers of Gemstones in the World Major Producers of Platinum in the World Brazil’s Exports of Precious...
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...has continued to focus primarily on the gold, silver, copper, lead & zinc. Goldcorp’s shares are jointly listed on the Toronto Stock Exchange (TSX) and New- York Stock Exchange (NYSE). Operations: As at December 2013, Goldcorp’s principal producing mining properties are located in Red Lake, Porcupine and Musselwhite gold mines in Canada; the Peñasquito gold/silver/lead/zinc mine and the Los Filos and El Sauzal gold mines in Mexico; the Marlin gold/silver mine in Guatemala; the Alumbrera gold/copper mine (37.5% interest) in Argentina; the Wharf gold mine in the US; and the Pueblo Viejo gold/silver/copper mine in the Dominican Republic (40% interest). The Company's 66.7% interest in the Marigold mine in the US was reclassified as a discontinued operation at December 31, 2013. INDUSTRY OUTLOOK Goldcorp operates in the Metals and Mining industry which involves the extraction and sale of minerals such as gold, silver, iron, copper, zinc and other precious metals. The industry is largely dominated by large multinational miners due to huge entry barrier created by the capital intensiveness of the business. The companies that operate in this industry are highly leveraged operationally and enjoy a significant advantage due to economies of scale. Furthermore, the prices of metals play a significant role in the bottom line profit for large mining companies. Overall, the price of commodities has continued to fall significantly and gold particularly has not recovered from its peak...
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...we should not diversify. Actually, my point is just the opposite. We need to have more diversity. You see, the question begs, just how diverse are all of those things? Do they not all depend on one sole currency? If I were to sell my stocks, I would get dollars in return. When I cash in my bonds, I will get dollars back. When my CD’s reach maturity, what do I get out of it? You guessed it, dollars. This points to the plain and simple fact, that we need more diversity outside of the U.S. dollar. Precious metals and foreign currencies make that possible. James Cooper wrote in the “Business Outlook”, “Since the greenback's peak in early 2002, it has dropped 35% against the euro, 28% vs. a trade-weighted basket of major currencies, and 18% vs. the currencies of all countries the U.S. does business with.” He then goes on to explain a very valid concern, “…the huge U.S. current account deficit, that gap, comprising mainly the U.S. trade deficit and some other financial transactions, has ballooned to an annual rate of just over $900 billion, or 6.8% of gross domestic product. At that level, the U.S. must attract some $75 billion in foreign financing...
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...chain is as simple as interlocking links of metal. If the metal happens to be precious metal, then we consider the chain jewelry. In preparing for this paper, I began my research with the understanding that finding information on chain making, especially historical information, would be a fairly simple task. However, after looking through old copies of jewelry history books, surfing the internet, and interviewing people with a long history in the industry, I arrived at the conclusion that the history of chain making is either a well kept secret or just not of much interest to anyone. Precious metal chain for jewelry has been around for a long time. Basically when man first began working extensively with gold back in Neolithic times he found that certain metals, most notably pure gold, were extremely ductile and could be hammered and stretched to a great degree. With the invention of wire, man could now take something rigid like metal and turn it into something flexible like chain. Chain making has always been, up until the middle of the 18th century, a labor-intensive time consuming hand operation. It was a well-versed art and most books on jewelry will demonstrate basic techniques on making chain by hand. Before automated wire drawing machines, the craftsman had to hammer down and pull metal through succeeding smaller dies to form thin wire. Once the wire was pulled down to the needed diameter, it was wound around a mandrel forming loops. Then, the craftsman would make a cut through...
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...CHEATS NBA Jam PlayStation 3 Cheat: Codes NBA JAM features politicians and secret characters that can be unlocked through two methods: Button input code in the front end menu (before the title screen, where you must press START to start) and by entering certain initials in the menu where you input your name. Enter directional codes on the D-Pad * UP, UP, DOWN, DOWN, LEFT, RIGHT, LEFT, RIGHT, CIRCLE, X - Unlock the Beastie Boys * Press LEFT 13 times, then X - Unlocks the Democrats (Barack Obama, Joe Biden, Bill Clinton, and Hilary Clinton) * Press RIGHT 13 times, then X - Unlocks the Republicans (John McCain, Sarah Palin, George Bush, Dick Cheney) * UP, LEFT, DOWN, RIGHT, UP, LEFT, DOWN, RIGHT, CIRCLE, X - J. Cole and 9th Wonder Initial entry codes: Enter the following initials for one OR two players (in the case of six letter codes) and press A to hear the confirmation sound. After that, press + to activate the codes. * MJT - Team of M. Turmell and Tim Kitzrow * MAS COT - Unlock the Mascots team * ESP NSN - Unlock the hosts of ESPN SportsNation, Michelle Beadle and Colin Cowherd * SPR ITE - Unlike Team Sprite * JOR DAN - Unlike Team Jordan * ADI DIS - Unlock Team Addidas Additions by Phill McClelland, Eazy Money, Richmond Bramblet and Adam Steiner Unlockable: Jam Challenge Unlockables Perform the following actions to complete the various Jam Challenges and unlock players, boss battles, cheats, balls and more. * John Starks...
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...account balance is referred to the difference between the exports and imports for a particular period. If imports are more than exports then the current account is in deficit and vice versa. This deficit is usually measured as a percentage of GDP. In the last fiscal India's total import bill increased mainly on account of high crude oil prices and huge demand for gold and silver and as a result the current account deficit stood at 4% Vs 2.7% of GDP in FY11. With crude prices falling in the international market, the equation is expected to change in the current financial year and we can expect significant contraction in CAD in the following quarters. The deficit figures for Dec 12 qtr will be released tomorrow and which could be at historical highs of 4%, CAD may have peaked in FY12 and will gradually improve due to sharp depreciation of INR and falling oil prices. Every $10 drop in oil improves current account by 0.4 ppt of GDP; should oil prices remain at $90/bbl in FY13, CAD could fall to 2.3% of GDP. Coupled with that the gold imports are also on a decline after GOI revised the import duty on gold to 4%. Any further reduction in current account deficit will help to restore the confidence in the Indian economy and revive the international investor’s sentiment which would ultimately support the rupee in the medium term....
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...First, Owl-Eyes is very delighted and surprised to find out that all of Gatsby’s book are genuine, proving that Gatsby is a very wealthy man, but then realizes the pages haven’t been cut, showing that Gatsby hasn’t read any of them. Owl-Eyes sees that Gatsby does what he has to do to fool people, he knows that nobody in this crowd would check to see because they are all just as fake as he is. The books represent just another one of the ways Gatsby was a fraud. East Egg vs West Egg- The residents of East Egg are considered "old money," which means that wealth has been in their families for many generations, so the people living here have never known a life without riches. Whereas the residents of West Egg are those that are considered of "new money”, all have made it from rags to riches. Both East Egg and West Egg symbolize a biased playground where the rich live carelessly. Fitzgerald develops this difference between the two sides to create the theme that no matter how wealthy Gatsby is, he never will belong to the Buchanans’ upper social...
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...PS3 vs. Xbox 360 These two gaming platforms have been going at it for years now. It’s time to settle which one is the better system. The Sony PlayStation franchise was the first to release in 1994. Microsoft finally released their Xbox in 2001. However I’m not comparing the first Xbox to the first PlayStation I will be comparing the PlayStation 3 and Xbox 360. Starting with features they both have, the ps3 and 360 have, of course, exclusive games that can only be played on that specific system. For example halo is for the 360 and god of war is for ps3. They both have an internet browser and apps; they are Wi-Fi enabled meaning they can detect wireless internet. Through Xbox live and PlayStation network, they allow you to play with friends and meet people all over the world (the name tells what system has what). Now the PS3 and the Xbox 360 are generally made for the same they can do different things that set them apart. The ps3 has a Xross media Bar (XMB) which allows you to chat with friends while pausing the action in-game. This comes in handy when people message you while you’re in a good game and do not want to interrupt it. While playing users can earn trophies which so how bad ass you are. The trophies are ranked as follows: Bronze, silver, gold and platinum which can only be attain when you achieve all other trophies for the game. Keep in mind that some trophies are easier to get than others. While in-game the XMB can be used to invite players to your gaming session...
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...Water - The new gold The following was inspired by Chapter 1 Case In Point “The Rising Cost of Energy” Imagine a world where countries fought over natural resources rather than rare resources like gold and silver. Depict a city where you can buy anything with water. Picture a life where water is no longer abundant. Visualize a time where water is worth more than anything in the world and only the privileged few can obtain them easily. Water is one of the essential resources needed for life on Earth. Every organism needs it to survive. For humans, going three days without water could mean death. While the Earth is composed of more than 70 percent of water but less than three percent are drinkable water. This means that water is an exhaustible resource. Although exhaustible, humans have been using water constantly for reasons other than drinking it. Water have been used to grow plants, water the front yard of their houses, wash cars, and other non-essential needs for survival. Water in first world countries have been wasted endlessly while third world countries lack of water are the cause of deaths for some. We live in a world where people do not realize the worth of water even though an imminent doom is approaching as water supply dwindles. For example, Texas water demands vs. supply, as depicted in the graph below, shows that demand for water will increase by 22 percent in 2060 but the supply of water will decrease by ten percent. A historic drought is predicted...
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...ABC Marketing Plan GROUP B SUBMISSION Module 7/8 May 6, 2011 Table of Contents Overview and Objectives 4 Mission statement 4 Operational objectives 5 Background and forecast 5 Market analysis 5 Market Segments 5 Segments Targeted 6 SWOT Analysis 7 Strengths 7 Weaknesses 7 Opportunities 7 Threats 7 Competitor analysis 7 Competitor Brand Analysis 7 Competitors - their target segments - and their strategy used: 9 SWOT 9 Marketing information requirements 10 Marketing strategy 10 Product 10 Marketing Strategy 14 Promotion 14 Price 17 Profit Margin by Brands: 18 Customer Price Judgements: 18 Financial Analysis 19 Alternatives Analysis 20 Recommendations and Action Plan 20 Exhibit “A” – P&L - 9 sales office configuration 21 Exhibit “B” – P&L - 12 sales office configuration 22 Exhibit “C” - Incremental analysis of costs and revenues 23 Exhibit “D” - Forecasted Demand 24 Exhibit “E” - Current and Pro Forma Statements for Four Quarters 25 Exhibit “F” - Return on Investment 25 Exhibit “G” – Brand & Regional Profitablity 26 Overview and Objectives Mission statement At Integrity Computers Intl. our goal is to supply quality computers to our customers at a fair price. We are committed to earning our customers trust in the market by maintaining the highest standards of service using the most advanced technology and by conducting business that is ethical, environmentally responsible, socially and economically acceptable. Integrity...
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...Market research Pandora has a global distribution, selling its products all over the world, in more than 65 countries and over more than 6 continents. Pandora is very successful among the Europeans and the North and South Americans, due to the fact that 86% of their sales are covered in these countries. At the moment, Pandora’s products are not so well received in the Asian market, but in order to enlarge their profit they should focus on creating a suitable strategy for this market as well. In order to have a precise positioning for Pandora on the market it is necessary to analyse its competition and the demand on the jewellery market. In order to do so, there will be analysed the countries with the most impact on Pandora’s sells: the USA, the United Kingdom, Germany and Australia. 1. US Market Despite the economic crisis, Pandora showed a significant growth in the USA between 2009 and 2010. The reason for this growth is due to the establishment of new shops. According to financial results, Pandora had 81% growth during 2009 and 2010. In general, the jewellery market in the US showed a decline of 11% in 2009 compared to 2008; while the exclusive jewellery presented a setback, the sales for the fashionable ones rose. In this period the online shopping gained popularity because of the lower prices. The most popular online shops were Tiffany’s, Swarovski’s and Keyjewelers’s. The jewellery market in the USA is very fragmented as there exist many major and...
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...cursed those who dared to move his body (it was customary to dig up a person’s bones and sell their clothing) ○ Globe Theater closed two times: once for the Bubonic Plague, the other time it burned down in 1613 (it was rebuilt in 1614) ○ Epitaph: Those who move my bones shall be cursed ● The Merchant of Venice ○ 613 Spanish Jews were either baptized or kicked out ○ Crusades Jews all over Europe persecuted the Jews for being “killers of Christ” ○ Christians blamed Jews for everything ○ Jews started to keep to themselves lasted until the 18th19th century ○ Catholics vs. Jews vs. Protestants though Protestants usually pitted the Jews against the Catholics ○ Portia and Bassanio ○ Nerissa and Gratiano ○ Jessica and Lorenzo ■ Take Shylock’s wedding ring and all his money ○ Shylock’s Speech ■ Talked to Salario and Salanio ○ Three Chests to win Portia’s hand in Marriage ■ Gold, Silver, Lead 2 ● Gold: A skull with a note ● Silver: A picture of a fool and a note ● Lead: Portia’s picture and a wedding ring ● Dante Alighieri ○ 13th century ○ used the Terza Rima (tercets) aba, bcb,...
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