Tag: gold

Monetary Reserve definition explanation

What is Monetary Reserve?
A nation’s assets in foreign currency and/or commodities like gold and silver, which are used to back up the national currency. Monetary reserves also provide a cushion for executing central banking functions like adding to the money supply and settling foreign exchange contracts in local currencies. Read more for examples and further explanation including related video clips and also comments
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Pay Yourself First definition explanation

What is Pay Yourself First?
A phrase commonly used in personal finance and retirement planning literature that means to automatically route your specified savings contribution from each paycheck at the time it is received.

Because the savings contributions are automatically routed from each paycheck to your investment account, this process is said to be “”paying yourself first””, or before you begin paying your monthly living expenses and making discretionary purchases. Read more for examples and further explanation including related video clips and also comments
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Prime Brokerage definition explanation

What is Prime Brokerage?
A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. Prime brokerage services are provided by most of the large brokers, such as Goldman Sachs, Paine Webber, and Morgan Stanley Dean Witter. Read more for examples and further explanation including related video clips and also comments
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Dow Jones AIG Commodity Index – DJ-AIGCI definition explanation

What is Dow Jones AIG Commodity Index – DJ-AIGCI?
A rolling commodities index composed of futures contracts on 19 physical commodities traded on U.S. exchanges. The index serves as a liquid and diversified benchmark for the commodities’ asset class. Read more for examples and further explanation including related video clips and also comments
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Hard Money definition explanation

What is Hard Money?
1. Funding by a government or organization that is repetitive, rather than a one-time grant. Examples include ongoing government daycare subsidies or firms that pay annual scholarships to post-secondary students.

2. Describes gold/silver/platinum (bullion) coins. A government that uses a hard money policy backs the value of the currency it uses with a hard, tangible and lasting material that will retain its relative value over time. Read more for examples and further explanation including related video clips and also comments
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Mint definition explanation

What is Mint?
The primary producer of a country’s coin currency. The mint has the consent of the government to manufacture coins to be used as legal tender. Along with production, the mint is also responsible for the distribution of the currency, protection of the mint’s gold and silver assets, and overseeing its various production facilities. Read more for examples and further explanation including related video clips and also comments
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