Why Does Gold Have Value? – Money Talks 8.

Category / Gold / Money Talks / Money and Banking Published on

 

Gold has been a valuable commodity since it was discovered thousands of years ago. The Egyptians are one of the earliest cultures to have fashioned gold into jewelry and for other ornamental purposes, marveling at gold’s natural shine, durability, malleability, and wonder.

Gold’s appeal has not diminished over the centuries, nor has its store of value. It is about to be the year 2020, and yet there is arguably no safer way to preserve your wealth than to buy gold. Yet, there is still some misunderstanding about gold by the general public, as evidenced by our recent survey How Well Do Americans Understand Money?

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The State of Crypto Mining 2020 [Research]

Crypto mining is the method by which Bitcoin or other cryptocurrency transactions are verified and added to the blockchain. This can be done by anyone with mining hardware — from independent individuals to scaled cloud mining facilities. These crypto miners run the “proof of work” math on their computers to verify crypto transactions, and when they add a block to the blockchain, they are rewarded for their work with newly created Bitcoin, as well as transaction fees. Without crypto mining, there would be no Bitcoin, no blockchain — and especially no decentralization to the entire system.

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Everything You Need To Know About The Remittance Industry – Money Talks 5.

Category / Financial System / Money Talks / Money and Banking Published on

The term remittance is not one that you hear every week, let alone every day, and even if you are familiar with the term, you may not understand the nature of the beast that is the remittance industry. In fact, the results of our survey How Well Do Americans Understand Money? could be taken to indicate that widespread unfamiliarity with the remittance industry is a near-certainty. It’s not a knock on anyone — who could be reasonably expected to spend their free time researching the ins and outs of remittance? 

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Fiat Money

Everything You Need To Know About Fiat Money – Money Talks 3.

Category / Financial System / Money Talks / Money and Banking Published on

We recently issued a survey titled How Well Do Americans Understand Money? to 1,000 Americans to gauge their overall knowledge of the nation’s financial system. If our survey’s respondents are even moderately representative of the population at large (and we have a feeling that they are), there is a notable deficit in several areas of finance-specific knowledge in America.

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