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Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 4:39pm On Sep 26, 2020
How Gold Affects Currencies

www.investopedia.com

Ah, the enduring appeal – and influence – of gold. Even though it is no longer used as a primary form of currency in developed nations, the yellow metal continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and the strength of currencies trading on foreign exchanges. (For a quick primer, see "Gold: The Other Currency."wink

TUTORIAL: Commodities Introduction

To help illustrate this relationship between gold and foreign exchange trading, consider these five important features of the yellow stuff:

Gold Was Once Used to Back Up Fiat Currencies

As early as the Byzantine Empire, gold was used to support fiat currencies – that is, those considered legal tender in their nation of origin. Gold was also used as the world reserve currency up through most of the 20th century; the United States used the gold standard until 1971 when President Nixon discontinued it.

Until the gold standard was abandoned, countries couldn't simply print their fiat currencies ad nauseam; the paper money had to be backed up by an equal amount of gold in their reserves (then, as now, countries kept supplies of gold bullion on hand). Although the gold standard has long fallen out of in the developed world, some economists feel we should return to it due to the volatility of the U.S. dollar and other currencies; they like that it limited the amount of money nations were allowed to print.

Gold is Used to Hedge Against Inflation

Investors typically buy large quantities of gold when their country is experiencing high levels of inflation. The demand for gold increases during inflationary times due to its inherent value and limited supply. As it cannot be diluted, gold is able to retain value much better than other forms of currency. (For related reading, see "The Great Inflation of the 1970s."wink

For example, in April 2011, investors feared declining values of fiat currency and drove the price of gold to a staggering $1,500 an ounce. This indicates there was little confidence in the currencies on the world market and that expectations of future economic stability were grim.

The Price of Gold Affects Countries that Import and Export It

The value of a nation's currency is strongly tied to the value of its imports and exports. When a country imports more than it exports, the value of its currency will decline. On the other hand, the value of its currency will increase when a country is a net exporter. Thus, a country that exports gold or has access to gold reserves will see an increase in the strength of its currency when gold pricesincrease, since this increases the value of the country's total exports. (For related reading, see "What Is Wrong With Gold?"wink

In other words, an increase in the price of gold can create a trade surplus or help offset a trade deficit. Conversely, countries that are large importers of gold will inevitably end up having a weaker currency when the price of gold rises. For example, countries that specialize in producing products made with gold, but lack their own reserves, will be large importers of gold. Thus, they will be particularly susceptible to increases in the price of gold.

Gold Purchases Tend to Reduce the Value of the Currency Used to Purchase It

When central banks purchase gold, it affects the supply and demand of the domestic currency and may result in inflation. This is largely due to the fact that banks rely on printing more money to buy gold, and thereby create an excess supply of the fiat currency. (The metal's rich history stems from its ability to maintain value over the long term. For more, see "8 Reasons to Own Gold."wink

Gold Prices are Often Used to Measure the Value of a Local Currency

Many people mistakenly use gold as a definitive proxy for valuing a country's currency. Although there is undoubtedly a relationship between gold prices and the value of a fiat currency, it is not always an inverse relationship as many people assume.

For example, if there is high demand from an industry that requires gold for production, it will cause gold prices to rise. But this will say nothing about the local currency, which may very well be highly valued at the same time. Thus, while the price of gold can often be used as a reflection of the value of the U.S. dollar, or any currency, conditions need to be analyzed to determine if an inverse relationship is indeed appropriate.

The Bottom Line

Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets. Therefore, it is an important metal to follow and analyze for its unique ability to represent the health of both local and international economies.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 4:52pm On Sep 26, 2020
David, Israel's greatest king, is one of the most amazing men who ever lived. He is known as being a man after God'sown heart (1 Samuel 13:14; Acts 13:22) yet his life is filled with similar ups and downs as those faced by most men today.


God tests everybody and everything.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 5:27pm On Sep 26, 2020
It really is simple
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 6:56pm On Sep 26, 2020
See for yourself the Fallen Church 

Google Images of 100s of pastors worldwide arrested for child defilement of 100, 000s of babies and children. Think how many pedophile pastors never get caught because they are too powerful to bring to justice. They are of all races and nationalities because the demons of pedophilia don't discriminate. The Coronavirus is pedophilia Baal worship a detractor public scare scripted by the Simpson cartoon as well as other forms of medium. 


https://www.google.com/search?q=pastor+child+rape&client=ms-android-americamovil-us-revc&source=android-browser&prmd=nvi&sxsrf=ALeKk03_tZwm-fchF7SAw0wCXR1WJCQ0vw:1585352934418&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiQpv_z67voAhVDmXIEHXqIB1AQ_AUoA3oECAoQAw&biw=360&bih=520&dpr=2
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 7:52pm On Sep 26, 2020
There is only one God
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 8:48pm On Sep 26, 2020
Cryptocurrency
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 5:30am On Sep 27, 2020
Once you go digital you are going to need a digital point of sales that connects with the computer network that links with all Currency transactions. This allows you to buy and sell to customers and make money. Digital currency is here already and it makes cash as useless now as a newspaper. Here in the US we have so many smart devices and unlimited data which means we can surf the internet, interact live, buy and sell online 24 7 days a week. Bitcoin isn't for everyone it's for those who desire a financial leverage in the greater world economy. Digital currency is like carrying gold because your currency amount on your coins have real world value despite only existing in the virtual reality.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 11:43am On Sep 27, 2020
So with every place going digital the POS gives you also the ability to process debit and credit.
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 3:03pm On Sep 27, 2020
The house slave is not a hero.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 3:05pm On Sep 27, 2020
You can use cowrie shells for Currency as long as its backed by gold you have your own economy.
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 5:47pm On Sep 27, 2020
Cryptocurrency
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 8:56pm On Sep 27, 2020
Mansa Musa was a Muslim king
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 3:29pm On Sep 28, 2020
To be a lord or not to be. It's that simple.
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 9:38pm On Sep 28, 2020
To be or not to be. It's your choice as always.


https://www.youtube.com/watch?v=UIaCYHLiXmE
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 2:36pm On Sep 29, 2020
Trump's platinum plan is less than gold. Gold backs currencies.

Hollywood portrays the house slave as a darkskin male yet its not true. The one drop of black blood bastard of White Jews and negro Bed Wenches was the house slave. Yet even the lie is told and portrayed all over the Black America by silly people. They even act like cooney bastards.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 10:55pm On Sep 29, 2020
No one is saying it's easy though.
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 6:21pm On Sep 30, 2020
Islam is justice. An Islamic kingdom is justice in action.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 6:25pm On Sep 30, 2020
Hail Ceasar

America the modern Rome.

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 6:33pm On Sep 30, 2020

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 8:19pm On Sep 30, 2020
America is still a British colony America's declaration of independence 4th of juily, 1776 never took away the power from the British bankers. Because of the wars the colonists in North America where in debt and had to borrow money from Europe. So they where never independent from Europe. Rothschild has always ruled the U.S.


The British Empire founded by Moors Berbers Hamites and in collusion the Jews run the banking.

Wake up out your slumber

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 9:43pm On Oct 02, 2020
To be your own lord or not to be.
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 7:54pm On Oct 03, 2020
The Coronavirus is pedophilia Baal worship a detractor public scare scripted by the Simpson cartoon as well as other forms of medium.
Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 9:47pm On Oct 03, 2020
The house slave is not a hero. Hollywood deceived so many into thinking darkskin Blackmen were the house niggers. No, the house slave were the sons of White men and Black women. These benefitted from the one drop rule because it allowed the master to plant his seed as a caste over the field slaves who were true Black Hebrews. The majority of the Black slave owners were Black women who inherited property when their White lovers died. The Negro Bed Wench is the mother of the Boule which are your mixed race bastard Black leadership. It was the masses of poor Blacks whom always sought unity and economic strength by adding their pennies together. And if you check the record it was always the Black Boule Elite house slaves who opposed every grass root organization for change. These are the same ones who love Trump, Obama, Clinton or any face of White Supremacy that smiles their direction. Something very impactful has to happen to knock these house slaves out of the Alpha position in the Black America for it to ever be change.



https://www.youtube.com/watch?v=ExUrH157NNw

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 5:11pm On Oct 06, 2020

https://www.youtube.com/watch?v=oG6quBj-158

Who wants another 400 yrs or a 1000 yrs more of this kind of rulers?

Re: Cryptocurrency: To Be Your Own Lord Or Not To Be, Its That Simple by DevilBishops: 8:11pm On Oct 06, 2020
To be your own lord or not to be.

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