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Where is your gold?

When I was in London in December, I had the opportunity to talk to an expert on rare and ancient coins. He showed me a rare Roman coin with the face of a long-dead emperor, still clearly imprinted in the metal. He also distributed coins from Vikings and others from different periods in Europe across the table between us.
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After years of staring at computer screens watching stock prices rise or fall on the chart, it was an almost surreal moment to hold these coins in the palm of my hand to feel their weight.

There was no mistake in the world of fleeting paper profits, what I held in my hand was a real treasure.
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And I’m not the only one who believes it’s time to get a little more physical with our wealth …

Gold in your pocket

Demand for physical gold is growing. The World Gold Council revealed that while total gold demand for the first quarter fell by 18% compared to the same period a year ago (where the first quarter of 2016 was the strongest first quarter for gold demand), gold demand and coins increased by a healthy 9% to 290 tons.

Moreover, Bloomberg recently announced that two companies have plans to open new vaults in Europe, capable of holding more than $ 112 million in gold.

BullionVault revealed that it has added three tons of gold in the last 12 months, raising its total reserves to nearly 38 tons.

The Bank of England – which holds gold for the UK Treasury, other central banks and private companies – has added 6% to its holdings since early 2016, with a total hold of 5,067 tonnes in February.

As you can see, more investors are adding physical gold to their portfolios – funds traded on a gold exchange (ETF) will simply not reduce it when you consider ETF-related fees.

And which would you prefer during a riot: paper gains or the weight of a gold coin in your hand?

Many investors around the world add physical gold to their assets for three major reasons:

  1. Rising inflation. We are beginning to see signs of inflation in the United States and throughout Europe. In the past, we have seen the price of gold rise in tandem with inflation, allowing investors to stay ahead of its bite.
  2. Negative interest rates. Although not a problem in the United States, part of the world is still struggling with negative interest rates. And instead of giving more of their wealth to banks, investors choose to invest their money in physical gold. (And given that US interest rates are still low, gold potentially offers a better return.)
  3. Geopolitical uncertainty. Questions about the health of the economy, the length of the bull market, the battles in Washington, the terrorist attacks, the election and others left investors on the brink, expecting the next event with a black swan to enter and lead to a market crash. In times of chaos and destruction, gold is the safety net you want to have in place. Shares fell and bonds imploded. Gold retains its value and even climbs.
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China’s Renminbi – Our Currency, Your Problem

Introduction of Case Study:

This case introduces the basics of monetary economics and demonstrating practical applications of monetary policies and exchange rates that pertain to business decisions. Supporting this case study will be a discussion on the exchange rate policy that China has adopted preceding and following 1978, a year in which significant economic liberation took place.
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Events within the past couple of years that took place in China concerning their exchange rate regime were deemed highly controversial by members of China’s trade partners. The first objective of this essay is to trace the history of this discord surrounding China’s currency, the Renminbi (RMB), which translates literally into English as “the people’s currency”. Next, questions from the case will be discussed. Lastly, the case will be made up-to-date with a brief excerpt concerning the current state of affairs surrounding this issue.
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Background on Case:

In 2006, many countries that conducted trade with China made strong allegations against China’s exchange rate policy. The major complaint was that China’s currency was undervalued due to China’s manipulation of exchange rates to suppress the prices of its exports. Among other damages, these countries have claimed that this action has cost them thousands of jobs. The U.S., which had a $233 billion trade deficit with China in that year, threatened to impose tariffs on Chinese imports if China did not revalue its currency.
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Japan and newly industrialized economies, such as Taiwan and Singapore, were less vocal, as they have been trying to strengthen their economic ties with China. Developing Asian countries, however, supported a revaluation in order for them to be better equipped to compete with China. One collective group that stayed relatively mute on the lively debates that ensued in the media between 2005 and 2007 were multinational companies. These companies benefited from low operating costs in China, which, for them, meant cheaper land and more competitively priced China-made exports.
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China’s exchange rate was deemed to be out of synch with market forces, with several reasons to support this conclusion. First, China’s economy experienced 9% annual growth over the past decade. According to the Balassa-Samuelson hypothesis, rapid economic growth is accompanied by real exchange rate appreciation because of differential productivity growth between tradable and non-tradable sectors. Secondly, China has become the world’s third-largest exporter with at least $970 billion in 2006. China’s exports have experienced approximately 30% growth in recent years. Lastly, there has been a compilation of $1.2 trillion in foreign currency reserves. These build-ups are claimed to be the result of manipulation of the RMB against natural forces of the market.
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Chinese officials strongly oppose the idea of a revaluation of their currency on several grounds, the strongest of which is probably that they are a country that is highly reliant on trade and growth of their exports is vital. Secondly, over two hundred million rural dwellers have left their farms to find work in urban centers. Higher economic growth is necessary to absorbing these workers into a functional economy.
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Apart from the economic reasons against changing the exchange rate policy, officials in China turn to several counterarguments. First, the RMB, according to them, is not really undervalued and China’s economic growth has nothing to do with manipulation of the currency. Secondly, the U.S. is running a large trade and budget deficit, which is partially attributable to capital inflows from China, and should look to the weakness in their economy before pointing fingers elsewhere. Also, China is a sovereign country with a right to choose its own exchange rate policy. Lastly, Chinese officials brought up the little known fact that despite its large trade surplus with the U.S. and Europe, it also has large deficits with others, especially Asian countries.
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As mentioned in the introduction, China began liberalizing its country in 1978. Prior to then, it followed central planning and was reliant on economic self-sufficiency. China’s foreign trade was negligible and there were hardly any foreign companies doing business in China. The RMB, at that time, was pegged to a basket of currencies and an exchange rate was set at an unrealistically high level. The currency was virtually non-convertible. After 1978, China followed an “open door policy” and special economic zones were opened to foreign investments. A tiny private sector emerged. The RMB was devalued in 1981, 1985 and 1993 to the U.S. dollar in order to promote Chinese exports. The RMB was revalued by 5% in 1995, which held until July 2005.
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The squabbles started in July 2005 when China reformed its exchange rate regime. The RMB was revalued by 2.1% to the dollar. The peg to the dollar was replaced by a peg to a basket of currencies with an allowed fluctuation of a 0.3% band against the dollar each day. This basket was dominated by the U.S. dollar, euro and yen. The currencies of baskets and weights were selected on the basis of trade volume conducted with China’s partners, the sources of foreign direct investment (“FDI”) and the composition of China’s debt. In May 2007, the Chinese central bank announced a widening of the RMB’s daily fluctuation against the dollar to 0.5%. This followed an appreciation of their currency by 7.2% against the dollar.
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Chinese officials site several alternatives that could be taken in place of a revaluation of their currency. The first suggestion is to reform the banking sector, where up to 40% of loans are underperforming and nine out of ten banks are state-owned. Secondly, they have proposed a “go abroad” policy, encouraging Chinese companies to invest abroad and thus stimulating outward FDI. Lastly, Chinese officials have suggested imposing a voluntary export tax. Unlike with a revaluation, a tax would not affect the value of foreign currencies. Furthermore, the Chinese government would receive much needed tax revenues.
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Analysis and Discussion of Case Issues:

Now this essay will discuss responses to questions from the case itself. The first two questions from the case are concerned with how much further China should let its currency appreciate and to determine whether or it is not undervalued as of the time of writing this piece. First, China should never have let the currency fall this far.
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It has an abundant source of cheap and skilled labor, with a generally high educational attainment level, and does not need to manipulate their currency in order to benefit from strong exports. Yet, this is precisely the action Chinese officials took. This should be immediately corrected before more trading partners are forced to suffer. Regarding the second question, it is clear from the evidence that the currency was undervalued. Given the high level of FDI entering China and its significant trade surplus, the RMB should have appreciated relative to this basket of goods, especially given that the U.S. dollar and Euro have both weakened lately.
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The next questions are concerned with the consequence of a revaluation on China and its trade partners and whether any profound reform should be gradual or not. Also, the case study asks about how a floating RMB would impact the exchange rate. In simple terms, a revaluation would benefit most trade partners and come at a significant cost to China. Trading partners, including the U.S. and the Euro Zone will benefit by not losing thousands of workers to the Chinese markets, as had been the case when domestic companies relocated to China under favorable economic considerations.
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Developing Asian countries will be better able to compete with Chinese exports if a revaluation takes place. Multinational corporations will not favor such a move, as maintaining the status quo allows them to continue benefiting from the low operating costs in China. China would lose in the sense that its economy would likely slow. One could argue, however, that this will happen anyways, given the current state of affairs in the global economy.
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Current business and political journals and magazines have pointed to the fact that Europe is now in a recession and that the U.S. is not far behind. The credit crunch has not left China unaffected-its economic growth is expected to reduce to only approximately 8% in 2009 according to analysts at the Economists and the Financial Times.
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As mentioned before, China is heavily reliant on trade and growth of its exports is vital. A revaluation will eat into its competitive position. This will also likely have a negative impact on their labor market, as fewer jobs may be available in the cities for those leaving the rural communities and entering the urban areas.

To answer the second question, the revaluation should be gradual in order to give the market forces a chance to react intelligently to the change properly and for affected constituents to adjust their business practices accordingly. In response to the final question, a floating of the RMB would cause it to strengthen relative to the other basket of exchange rates because it is currently undervalued due to market manipulation on behalf of Chinese officials.

The last two questions refer to different exchange rates and ask which one is most appropriate for China. There are six major exchange rate regimes. The first is an exchange arrangement with no separate legal tender regime. In this regime, the currency of another country circulates as the sole legal tender, or the member belongs to a monetary or currency union in which the same legal tender is shared by the members of the union. Adopting this regime implies the complete surrender of the monetary authorities’ independent control over domestic monetary policy. The second regime is called the currency board arrangements. This is a monetary regime based on an explicit, legislative commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate, combined with restrictions on the issuing authority to ensure the fulfillment of its legal obligation. Some flexibility may be allowed, depending on how strict the banking rules of the currency board arrangements are. The third regime is the other conventional fixed peg arrangement.

Countries that adopt this regime peg its currency at a fixed rate to another currency or a basket of currencies. The basket is formed from the currencies of major trading or financial partners, and weights reflect the geographical distribution of trade, services or capital flows. There is a limited degree of monetary policy discretion, depending on the bandwidth.

China has adopted the fourth exchange rate regime into its monetary policy, which is known as the crawling peg. The currency is maintained within a bandwidth around a central rate, which is adjusted periodically at a fixed pace or in response to changes in selective quantitative indicators. Maintaining the exchange rate within the band imposes constraints on monetary policy with the degree of policy independence being a function of the bandwidth.

The fifth regime is the managed floating with no predetermined path for the exchange rate. The monetary authority attempts to influence the exchange rate without having a specific exchange rate path or target. Lastly, there is the independently floating regime, which has been adopted by the U.S. The exchange rate is market-determined, with any official foreign exchange market intervention aimed at moderating the rate of change and preventing under fluctuations in the exchange rate, rather than at establishing a level for it. This is the regime that the Chinese government should follow because it is market-determined and not open to manipulation, while maintaining flexibility regarding monetary policy.

Third Party Opinions on Case Issues:

This last section will discuss the current situation regarding this debate. According to the latest news articles from such sources as Bloomberg, the Wall Street Journal and the Financial Times, the Chinese economy has experienced weakening exports because of the U.S. housing slump and the international credit squeeze. China’s GDP growth is expected to slump, too. The Chinese government has options to stimulate the economy and protect exporters. Reports claim that officials at China’s central bank plan on slowing the appreciation of the RMB. Indeed, this is a decision that should have been made a long time ago and would be a major breakthrough in the ongoing debate, which may actually reach a conclusion given the state of affairs in the global economy.

According to Professor Pan Yingli of Shanghai Jiao Tong University, the RMB was undervalued since the 1997 Asian crisis and such a foreign exchange policy has been used to finance exports and imports sectors at the cost of non-trading industries. Basically, the crawling peg regime adopted by China allows it to manipulate exchange rates in its own favor in order for it to sell more products abroad, as exports are the lifeblood of China’s economy.

The Asian financial crisis involves four basic problems or issues: (1) a shortage of foreign exchange that has caused the value of currencies and equities in Thailand, Indonesia, South Korea and other Asian countries to fall dramatically, (2) inadequately developed financial sectors and mechanisms for allocating capital in the troubled Asian economies, (3) effects of the crisis on both the United States and the world, and (4) the role, operations, and replenishment of funds of the International Monetary Fund.

Concluding Remarks:

In conclusion, this case showed how trading partners could be both positively and negatively influenced by the economic decisions by one or more of the players. It is important for countries to realize that we live in an interconnected, increasingly global environment in which important decisions are not made in isolation. In fact, China’s decision to pursue exchange rate reform has, for better or worse, greatly impacted billions of people throughout both the developed and developing world.

Crypto TREND 2017-01

Everyone has heard how Bitcoin and other cryptocurrencies have made millionaires from those they bought just a year ago. Gains of 1000% or more are not just possible, they have been a commonplace for many of these cryptocurrencies. Someone who bought bitcoin in May 2016 for less than $ 500 would have a profit of 1400% in about 17 months. Then over the last few days, we’ve seen Bitcoin lose almost $ 1,000, so to say that these cryptocurrencies are volatile would be a huge understatement.

Since the creation of bitcoin in 2008, we at Trend News have been skeptical about the ability of cryptocurrencies to survive, given that they pose a very clear threat to governments that want to see and tax all transactions. But while we can still be cautious about actual cryptocurrencies, we are well aware of the potential of the underlying technology that drives these e-currencies. In fact, we believe that this technology will have a significant impact on data management and will affect every sector of the global economy, just as the Internet affects the media.

Here are some questions and answers to get you started …

Q: What are cryptocurrencies?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC launched in 2008. Today, there are more than 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual.” There are no “physical” coins or currency.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Because every Blockchain database is widespread, it is believed to be immune to hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often called “miners”, who validate transactions. A CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will provide more details in upcoming news releases.

Q: What is BLOCKCHAIN?

Blockchain is the technology that underlies all CC. Each transaction for the purchase, sale or exchange of CC is entered in a BLOCK, which is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be executed quickly and easily by reducing or eliminating fees. The technology is also being tested for applications in many other industries.

Question: Are CC exchanges regulated by the state?

For the most part, the answer is NO, which for some consumers is a big attraction in this market. It is currently a ‘wild west’, but governments in most developed countries are exploring this market to decide what regulation may be needed. A big decision is whether to treat CC as a currency or as a commodity / security. Canada and the United States have so far declared that CC is legal, but the situation remains fluid in terms of reporting and tax implications. Crypto TREND will monitor and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “exchanges” that act as intermediaries. You start by selecting the exchange, setting up an account and transferring fiat currency to your account. You can then place your orders BUY and SELL CC. There are many exchanges around the world. Opening an account is quite simple and all these exchanges have their own rules regarding initial financing and withdrawals.

Crypto TREND will recommend CC exchanges in the future.

Question: Where do I keep CC?

To have the freedom to move your cryptocurrencies and pay bills, you will need to have a digital wallet. These wallets come in several formats, such as desktop, cloud, hardware (USB), mobile phone and paper. Many of them are FREE, but security is a big factor because no one ever wants to lose their wallet or steal it. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for some financial transactions, such as money transfers and bill payments. The list of companies accepting cryptocurrency is growing rapidly and includes major players such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

When we start, we will keep each of the Crypto TREND articles short and keep the scope of each of them as narrow as possible. As noted earlier, we believe that cryptocurrency technology will change the game and potential investment opportunities like this happen once or twice in a lifetime. Make no mistake, early investment in this sector will only be for your most speculative capital, money you can afford to lose.

Even if you do not want to invest at this time, an early understanding of this new destructive technology will put you in a good position to take advantage of our recommendations as we move forward.

Expect to see more news and specific recommendations from Crypto TREND as we embark on this journey into what may at first seem like a foreign jungle. This is an unstable market and may not be to the liking of all investors, but Crypto TREND will be your guide if and when you are ready.

Stay on the line!

Jewish Wisdom for Business Success – Book Review

By: Rabbi Levi Brackman and Sam Jaffe (2008)

ISBN 978-0-8144-1274-9

Book price: $ 24.00

Business consultants

Rabbi Levi Brackman is a popular Judaist, writer and teacher. He has taught on 3 continents, has a weekly TV show and is published regularly in newspapers and on the Internet. Sam Jaffe is an employee of The Wall Street Journal, Smart Money, Bloomberg Markets and Business Week. They are both business consultants!

Ancient clues to access wealth

Rabbi Brakman and Sam Jaffe express their views in 9 chapters. They discuss topics such as Patriarchal Business Models: Creating a Plan for Success (Chapter 4), Making a Sale: Torah Negotiation Techniques (Chapter 5), Spiritual Entrepreneurship: Finding the Sacred in Your Work (Chapter 7), and many other ancient clues to access wealth.

Pious business success

Rabbi Brackman and Sam Jaff share a personal and candid style. Referring to moving forward, they say: “A good businessman never leaves his business to fate. The moment you start blaming invisible forces (the market, currency traders …) is the moment you give up control. you are responsible to act … “

The authors use a language that connects and refers to the readers. They maintain appropriate communication, stating that “If you have built your own business, you know that in order to succeed, you need to be confident. For this, pure determination and endurance are not enough. It takes something else to achieve your goal – and that is passion. “

Rabbi Brackman and Sam Jaffe show insight in business acumen. Discussing the negotiations, they share that “The key to winning negotiations is knowing yourself, knowing your partner and knowing the fair value of the deal … Do your homework on the other party’s situation.”

Encouraging words aim to elevate readers to victory. The authors declare: “Although most companies make mistakes, you should never label your business a failure. When your business fails, look for the silver plating on it – all successful businesses have been at this stage, but still overcome. ” Success comes to those who do not give up.

Spirituality is a central theme. The authors state that doing business to acquire wealth should not lead to guilt, but: “For the spiritual entrepreneur, the creation of wealth is about making the world a better and more pious place.”

Lessons for business success

Rabbi Levi Brackman and Sam Jaff share powerful Jewish wisdom for lessons in business success.

Gold Slam-Dunk Sale In China As An Aunt Buy Bars

Wearing a thick coat to protect herself from the autumn cold while standing in front of Beijing’s busiest jewelry store, Yang Kuiyang, a 41-year-old housekeeper from Anhui Province, fastens a gold necklace for which she paid 10,000 yuan ($ 1,640). or a five-month salary. It is another reason for China to be ready to bring down India as the world’s largest consumer of gold, even as investors around the world desert the yellow metal.

“I don’t know anything about the stock market and I don’t have enough money to buy real estate, so I decided that gold was the safest choice,” she said. “I can wear it when I get home to show everyone I’m doing well.”

Buy gold bars:

Yang travels 650 miles from his country house (1,000 kilometers) to the Chinese capital to shop and visit relatives. Ms. Yang is one of the growing legions of middle-aged Chinese women, respectfully called “aunts”, who bought gold jewelry and gold coins this year, 2013, adding support to the gold market while being shunned by many professional investors. , which began to desert the metal as a stock of value in early 2013.

The second largest economy in the world is the gold bars! Consumption of bullion in 2013 increased by 29% to a record 1,000 metric tons, according to estimates of traders, analysts and gold producers in China, studied by Bloomberg News.

This demand could ease 2.4% in 2014 from this peak, pointing to purchases larger than any other country and more than the US, Europe and the Middle East “taken together”.

Buy gold bars: In the 12 months to September 2013, demand in China for gold jewelry, bars and coins increased by 30 percent to 996.3 tons, while use in India increased by 24 percent to 977.6 tons, almost “1000 tons” in just 12 months! Wow, this is a colossal record for one-year purchases according to the London-based World Gold Council. Country number 1 for gold purchases for the 2012 calendar was again India.

“In China, you look around and see very few places to invest your money,” said Duan Shihua, a partner at Shanghai Leading Investment Management Co. “With the shrinking stock market and the government pushing people away from real estate, gold will remain the preferred choice. “

Another “engine of gold” are Gold-Laden Brides in India. “Every day” in India there are thousands of brides who get married and the traditional public etiquette is to give away “gold jewelry” because they are so highly valued there. India and China are similar in this number, which is another “engine” in demand [more Gold].

Drives:

After 14 percent [drop] in gold prices for two days in April 2013, images in the Chinese media of clearing shelves of “aunts” in gold stores illustrate the demand for gold bars, which contradicts the views of the largest banks in the West and highlights the limited choice of investment in China. The world’s most successful investor, Warren Buffett, said he did not like the metal, and the head of Goldman Sachs Group Inc. for goods research Jeffrey Curry, who correctly predicted the route this year, on October 8 called it a “helmet” “sell for 2014.

Gold price forecasts:

The slip is 34 percent below the record set in 2011 and is underway for its first annual [loss] since 2000, after falling 24% this year to $ 1,276.64 an ounce in London. GSCI gauge of Standard & Poor’s of 24 products [fell] 5 percent since the end of December 2013 and the Bloomberg government securities index in the United States [lost] 2.1 percent. While the MSCI All-Country World Stock Index rose 18% over the same period, the Shanghai Composite Index fell 3.4%.

According to the median estimates of the 10 most accurate precious metal analyzers tracked by Bloomberg in a study published last month, Bullion will average $ 1,175 in the third quarter of next year. Prices were last at this level in 2010. Goldman expects prices from 1050 dollars by the end of 2014.

While the disposable income of the urban population increased by 9.5%, China’s per capita monetary income in the first nine months jumped by 12.5% ​​compared to a year earlier, according to the National Bureau of Statistics. The Chinese economy grew by 7.6% this 2013 and is projected to grow by 7.4% in 2014, according to the median of estimates compiled by Bloomberg.

Globally, China ranks fourth among people with $ 1 million or more in investment assets, after the number of people with high net worth in the country increased by 14% to 643,000 in 2013, according to a report by Cap Gemini SA and Royal Bank of Canada. The United States is the number one millionaire, followed by Japan and Germany.

So you think you can enter Forex trading in Uganda?

If you are Ugandan, you have probably heard all about Forex trading and how it seems to be the hottest “new” business in Uganda.

I wanted to invest $ 10,000 with a cousin in a company that I think is one of the leaders in Forex trading. While recently in Uganda (May) I even visited their offices and saw a huge number of computers with a lot of graphics and a TV turned to Bloomberg TV or another business channel. (Analysts, however, did not look as busy as I expected from watching many Wall Street movies).

Anyway, I went back to the UK and started saving to invest the bare minimum. Recently (November) I called a good friend in Uganda and casually mentioned the idea to him. He casually replied, “I just invested $ 2,500, which Ms. warned me not to invest in this company. For the second time, they missed my monthly payments, which are supposed to be 20.4% interest and the principle per month!” ” He pointed out that this company is a ponzi scheme, commonly called a “pyramid” in Uganda.

So is Forex trading the real deal? I presented my observations.

Disadvantages (first of course).

1. Unregulated sector in Uganda

According to an article published in the New Vision newspaper:

“…. Mr. Stephen Caboyo, Director of Financial Markets at the Bank of Uganda, has also neglected business, although he is in charge of the country’s foreign exchange markets.

“This is not a regulated business. It is really outside our regulatory regulations when it comes to the Forex market,” he said in an interview on Friday. “It’s like any other business. If you’re interested, you go in. If you go there and lose your money, you don’t complain.” Source: All Africa.com

As an unregulated sector, this creates a risk, especially for the cautious investor (as everyone should be!), Especially when, for example, compared to Switzerland, which seems to be the center of online commerce and has a well-regulated sector.

This, of course, may not be a major problem for a typical Ugandan, as hardly anything is effectively regulated anyway! It seems that in Uganda many regulations remain on paper and the director of the Bank of Uganda (BOU) may just be realistic, because in Uganda is her world “a dog eats a dog”.

2. Experience / reputation of traders

The sector has recently been taken over in Uganda, and with countless “traders”, how do you check who is “legitimate” and who is a charlatan? How to find out who is well experienced and who is not? This is compared to established players, such as HSBC, who will clearly tell you how the sector is performing. At HSBC, for example, if you want to invest in exchange traded funds (ETFs), which are financial investment products that are not too different from Forex trading, you will get an investment profile, a comparison with similar other funds, and the history of that particular investment from this particular fund manager.

3. High initial capital. A good Forex trader or investment broker will usually ask you to have a start-up capital of $ 10,000. This is because Forex trading relies on narrow margins (called “pips”), so in order to bring you a decent return, they need to invest a fair amount of money. At today’s exchange rate (November 2011) $ 10,000 is about $ 28 million!

And now the pros

1. Liquidity. The market is huge. Forex trading is the largest type of market in the world and if you open an account, say an FX pro account on oanda.com or a similar other self-traded or managed brokerage account, you will find that you can easily buy and sell.

2. Good income on the market of investments and securities. I’m not sure if there is any other business model that gives better liquidity, especially at the moment with challenging global markets. Of the various investment manager websites I’ve researched, it’s not uncommon to find ones that give a return of usually 6%. Compare this to a high savings rate at Barclays Uganda or Crane Bank, which gives a maximum return of 5%.

Of course, you should know that like any securities trading, returns are usually not guaranteed and many traders post losses, especially those who trade for themselves on trading platforms promoted by so many online Forex trading companies.

3. It can be an easy sector to deal with Like many investment products such as stocks and other securities, if you have a managed account, then you have a broker who manages the business for you. Yes, they charge fees (check their fees and compare with others), but that means you don’t have to keep track of the position, as brokers do this and usually send you statements from your wallet, or you can even see them online and as such. you can choose to liquidate if you wish.

SUMMARY AND THE FINAL WORD

The numbers first

Based on my analysis:

* Capital investment (A): Shs 28,000,000

* Income per year: (upon acceptance of 3.44% interest per month): Shs 11 558 400

* Profit per year (assuming that the fees for the investment manager are 1% of the initial capital) (B) is 11,278,400 Swiss francs.

* Return on equity (years of return on capital or A / B) is 2.48 years

Now the basics you need to get just before you invest.

* The regulated investment manager / broker is mandatory.

* Foreign currency account to protect yourself from Forex fluctuations.

* Return on investment cannot be guaranteed, especially in the current economic climate. Prepare for profit or loss.

FINAL WORD, YES OR NO?

In today’s world of unpredictability in the stock markets, everything seems to work out, no matter how the market presents itself, but you do your research well and unless you are ready to learn how to be a Forex trader (for example on this site) , you should seriously consider investing in Forex trading through a reputable investment broker / bank who will manage the account for you.

If necessary, open a foreign currency account in one of the Ugandan banks to deal with this aspect and deal with a foreign player who is regulated. For example, select companies that are regulated in the UK by the Financial Services Authority (FSA). There are a few scams and I don’t think it’s worth investing a significant amount of money in someone who hasn’t been tested and tested and doesn’t have quality control mechanisms in place to protect your money from scammers or just inexperienced people.

Bitcoin – Big business that accepts bitcoin

Bitcoin is hot! It recently rose to $ 5480.68 per coin! People are trying to get to him. But can you actually pay for things with that digital money? Yes! This is by no means one of all businesses that accept bitcoin, but it is an interesting list of big names to show you that it is now a serious currency that you should consider owning …

  • Dell is already accepting bitcoin. They have a partnership with Coinbase, one of the most trusted exchanges.

  • DISH Network – Internet service provider

  • Newegg – a huge retailer of computer electronics and hardware

  • Microsoft – Add money to your Bitcoin account to buy apps, games and videos.

  • TigerDirect – A California-based retailer that offers electronics, computers and computer components that serve business and corporate customers.

  • Virgin Galactic – Richard Branson-led airline has begun accepting bitcoin for customers interested in space travel and paying for it with bitcoin.

  • WordPress – The popular blogging platform used by some of the world’s largest media companies, has been accepting Bitcoin since 2012.

  • The Pirate Bay, a huge BitTorrent director with a large library of movies, TV shows, software and music, began accepting bitcoins in April 2013.

  • Reddit – Reddit allows users to buy Reddit Gold using bitcoins.

  • Zynga – A popular mobile gaming company adores Bitcoin.

  • OkCupid – The online dating site began accepting bitcoin for premium services in April 2013.

  • Memory Dealers – Provides a wide range of network hardware and computer memory.

  • CheapAir – This online travel booking website in California began accepting bitcoins in November 2013.

  • The Sacrament Kings NBA franchise accepts bitcoin for food, clothing and beer.

  • Namecheap – This service offers cheap domain registration. It began allowing customers to pay with bitcoin in 2013.

  • Intuit – an American software company that develops software for financial and tax preparation and related services for small businesses, accountants and individuals.

  • Bloomberg.com – Online newspaper

  • PizzaForCoins.com – Domino’s Pizza is registering

  • Steam – Board game platform

  • Metro – Eat fresh

  • Class limousine – luxury service will take you.

  • Suntimes.com – Chicago based online newspaper

  • Rakutan – Japanese e-commerce giant

  • MovieTickets.com – Online movie ticket exchange / retailer

  • Yacht-base.com – Croatian yacht charter company

  • Expedia.com – Agency for online travel reservations

  • Save the Children – Global charity

Thousands and hundreds of thousands more lie ahead. Bitcoin is just a baby. More and more companies will soon realize the value of this magical currency. Many wealthy investors buy it like crazy. Maybe they know something the general public needs to know!

Immediate Forex Profit Review – Is This Kishore M Forex Course Good?

If you have ever wanted to trade currency online but don’t know where to start, you may want to sign up for a currency trading course like Instant Forex Profits from Kishore M. But is this course good and how does it work in compared to other courses of a similar nature?

The instant Forex earnings course caters to both new and advanced traders and includes strategies such as the unique characteristics of major currencies, gains in both up and down trends, entry and exit points, support and resistance, capitalization of economic indicators and a whole bunch of other features. For beginner traders, it leaves no stones and even shows you how to apply and set up an online forex trading platform.

What impresses me most about this course, however, is the credentials of coach Kishore M and his students. Kishore M actually received its 233.13% earnings, certified by auditors, and was featured in media such as the BBC, Bloomberg TV and the Asian Banker Journal. He has trained professionals from financial institutions such as AMEX, Citibank and Deutsche Bank. One of his most famous students is Mr. Bellum Tan, CEO of Robert Kiyosaki’s RichDad’s Training (SEA). After completing this course, you would qualify for a certificate from the Metropolitan Business School, Ireland. No other currency trading course I know of is certified by a higher institution.

Now, what’s the downside?

Unlike other Forex trading courses available online, the Instant Forex earnings course is quite expensive – around $ 998 (at the time of writing). The explanation given is that the course is comprehensive and does not require any other purchases, unlike other courses that require students to purchase additional training if they wish to gain access to advanced strategies. The course also includes a 1-year free subscription for its daily alerts.

Unlike other courses, there is also no refund for the Instant Forex Profits course. Obviously, this is to prevent kicking tires and to secure students involved in the program. Instead, students are protected by a unique 2nd Income Guarantee, where they receive a free second year to his daily alerts if they do not earn money within one year of purchasing the course.

Is the Kishore M forex trading course for you? If you are serious about forex trading, then the cost of this training is a small price to pay compared to the huge amounts that can be made or lost in the foreign exchange market.

Cancer or event?

I was watching Bloomberg the other day. One economist talked about what he thought the future would bring in the next few months. He made a statement that was very in-depth and I thought I would share some of what I remember from his interview mixed with my thoughts. I don’t remember who it was because of the huge amount of information I read / watched every day about the economy. However, what he said remained with me, from all the information I took in the last few days. That’s why I wrote this article. However, credit is due to this person, whoever you are! I’ll put some of his direct quotes … in … um … quotes.

“Everyone is looking for an event like Lehmann” or a scandal that will simply kill the economy. I don’t believe we will see this happen. “What we see is more cancer than an event.” “Events have already happened. Obama was elected and we had Lehmann.” These were the sparks that led us to the fourth spin.

The cancer will spread slowly through several channels. The mortgage scandal with MBS is huge and will last 5 or more years. We will have currency devaluations, tariffs (trade wars), austerity and old political alliances that are falling slowly and painfully. There is no longer a “pull the sticker quickly” like Lehmann. Over the next 10 years, time will slow and the economic world will change for 98% of us.

So let’s stop looking for an event like the catastrophe of 29 or the election of 1932. We had some. Let’s look at the next phases of our economic cycle. Phases such as those mentioned above; currency wars, state budget cuts and tariff wars. In addition, I will look for more deflation. I am firmly in the deflation camp, but this is a discussion for another article.

I hope that helps, Jim Goulding

Is the US dollar about to turn around?

For the first time in several years, the US dollar managed to gain value against other major currencies in the world. In the first three months of 2005, the US dollar rose by approximately five percent against the yen and the euro. Profits on the dollar should be considered significant, given that the United States still faces a growing trade imbalance. So far this year, currency traders have shifted their focus from the large trade deficit and the US current account to the higher levels of returns offered on US debt. The recent strength shown in the dollar has somewhat changed the mood in the financial markets regarding the future direction of the currency. A Bloomberg survey published earlier this week shows that major currency traders expect to see a weakness in the dollar later in the year, but sentiment among dollar bears is much weaker than at the beginning of the year.

The strength shown in the US currency so far in 2005 must be short-lived. The strong growth of gross domestic product (GDP) over the last eighteen months will begin to show signs of approaching more normal levels in the next few months. Signs of slower economic growth are likely to lead to a shift in the mood among currency traders towards the more fundamental problems facing the US economy. The trade deficit and the US current account show no signs of retreat any time soon. In fact, we expect the forthcoming trade data to show a further deterioration in the trade balance over the next few months. Major industrialized countries outside the United States continue to have anemic economic growth. This continues to put additional pressure on the US dollar as the US consumer continues to buy goods made in Europe, Japan and China.

While we expect the dollar to resume its gradual decline against most major currencies, the main substitute in our forecast is, of course, China. Recent information from the best decision-makers in China shows that the Chinese are in no hurry to adjust the current value of the yuan-dollar relationship. If any revaluation talks emerge later this year, the pressure on the US dollar will accelerate as currency traders buy the Japanese yen and other freely traded Asian currencies, which are likely to benefit from the revaluation.