We enter the world of commodities. Commodities are physical assets that you can touch as compared to paper stocks that represent shares is a given company. Each country produces or buys the commodities it needs to fuel its economy. Continue reading
Following the Erta Ale volcano of Ethiopia, the Mint of Poland has issued two-ounce silver coins. This is the second release during the ongoing volcano series of silver investment. The coin features an inlay of the actual lava oozing from Mount Vesuvius. Continue reading
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Overview
Since the 17th century, most world powers started using paper currency as the dominant form of financial transaction. As the world’s super power, United Kingdom was the first country to rule in favor of paper money as a practical form of trade as opposed to the gold. Other countries such as Germany and the United States followed in 1870s. Continue reading