I would like to know if there is another form of currency I can withdraw from my bank, aside from cash. Like gold or silver.
For example: If I had $10,000 in my bank account, would I be able to get a couple gold bars worth $10,000 instead of cash?
Cash is only really worth the paper it’s printed on, that’s the only reason I’m wondering.
"On Friday, June 5, the Bureau of Labor Statistics (BLS) reported the latest US unemployment statistics for May 2009. The U-3 definition of unemployment, the one most commonly cited, rose to 9.4% while the U-6 unemployment rate rose to 15.9%. Had unemployment rates been computed by the same methodology that the BLS previously used up into the early Clinton administration, the reported unemployment rate would have been more than 20 percent! For the 46th time of the past 48 monthly unemployment reporting dates, the price of gold was clobbered, and in no uncertain terms. The Comex closed with gold at $961.75 and silver at $15.38 that day.
On Saturday, June 6, the three-day St. Petersburg International Economic Forum concluded in Russia. Sponsored by Russia, the conference was attended by officials from China, India, Brazil, and a number of other nations, though the US was specifically excluded. During a panel discussing reserve currencies, John Lipsky, the IMF First Deputy Managing Director, dropped a bombshell when he said that it would be possible to take the "revolutionary" step of creating a new global reserve currency to replace the dollar over time.
The IMF’s Special Drawing Rights could be adapted for use as the new currency. Lipsky said, "There are many, many attractions in the long run to such an outcome … But this is not a quick, short or easy decision."
Such a currency would be issued by an international organization that would be equivalent to a global central bank.
According to the IMF, nearly 70 percent of the world’s currency reserves are now held in U.S. dollars. This leaves foreign central banks exposed to weakness in the U.S. economy and likely high inflation. Another speaker at this panel, Ousmene Mandeng, the head of Ashmore Investment Management, Ltd., stated, "The largest debtor is very unlikely to dominate any currency arrangement today."
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6767
I haven’t seen it anywhere else.
I am very interested in joining the forex automoney signal service.
But everywhere I read regarding forex automoney review…..everyone is saying only good things about forex automoney.
I am a very skeptical person and I usually smelly something fishy if it’s too good to be true.
Can anyone provide me with own experience after having tested out forex automoney ?
Im still confused on which Robot to get to start Forex trading. If anyone has any experience, I would love hear any pros and cons.
I have to convert currencies using the exchange rate at a previous date. Is there a reliable website out there that can give me accurate historical exchange rates in a variety of currencies?
There seems to be much speculation about this recently, although most folks giving commentary are from the "political end" of the equation.
So ye hard-nosed economic analysts - is this a possibility in the short-term?
Does movement toward becoming a Reserve Currency require a country to run a trade deficit like America? Or is there another method by which the Chinese might push the Yuan as the new international currency?
Please tell me the details how to choose a broker to trade fx online. I don’t have idea how to do so. I have got Liberty Reserve Account for this purpose with balance of 200 USD. I would be thankful for any help from you guys having valuable experience.
Please tell me all those websites , which Deliver these Information …..
I am going to Taiwan soon and I need their currency
If I go to somewhere where they exchange currency for you they will not give you the equal amount.
So will my ATM card work?
it is visa
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