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What is NYMEX, COMEX and GLOBEX ?

Par |2018-08-26T15:27:10+02:00septembre 11th, 2015|News|

In New York, the precious metals market is an important part. COMEX today merged with the NYMEX are a major stock exchange in the quotation of the price of gold, silver and platinum. Orobel presents these exchanges. Lire la suite […]

8 reasons to own gold

Par |2015-09-11T22:00:00+02:00septembre 11th, 2015|News|

Gold is respected around the world for its value and rich history, which was interlaced in cultures for thousands of years. The parts containing gold appeared around 800 BC, and the first pure gold coins were struck during the reign of King Cresus of Lydia about 300 years later. Throughout the centuries, people have continued Lire la suite [...]

From gold and silver coins to paper money : the History of Money

Par |2015-09-11T22:00:00+02:00septembre 11th, 2015|News|

In Roman times, washing powders did not exist and they used ammonia extracted from fermented urine to give clothes looking new. The emperor Vespasian (69-79), anxious to make some additional revenue, raised a tax on urinals. When his son Titus in him the complaint, the emperor remained famous aphorism blurted: « pecunia non olet » (money does Lire la suite [...]

The intrinsic value of gold.

Par |2015-07-15T22:00:00+02:00juillet 15th, 2015|News|

Many say that gold has no intrinsic value. It’s only worth what people are willing to pay for it, when they bought it as a jewel. It has some technological uses, but generally does not have intrinsic value. A grocery store will not give you your groceries in exchange for gold ! Lire Lire la suite [...]

Who create money ?

Par |2015-07-14T22:00:00+02:00juillet 14th, 2015|News|

The process by which central banks or countries create money is so simple that popular belief tends to resist believing it. The answer of money’s origin question might seem as simple as a machine producing banknote in mass, because that’s the case. But remember, there is only between 5 and 10 % of money supply Lire la suite [...]

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