LITMUX.COM
MONEY
Wealth, Investment, Human Capital, Success.
A Gold Mine On How To Make More Money
Publishers Cataloging-In-Publishing
LITMUX, 2014
Money: A Gold Mine On How To Make More Money / by Litmux
This Edition is licensed to:
Litmux,
White Avenue East Legon
Accra Ghana
Tel: +233 208974587
Email: info@litmux.com
Money: A Gold Mine On How To Make More Money
By
Litmux
Copyright Litmux.com
First published in 2018
Latest Update 2020
For further information about other products from litmux as well as corporate training seminars and conferences contact us:
Hotline: +233(0) 208 974 587
Email: info@litmux.com
Website: www.litmux.com
ISBN:
Cover Design & Layout & Printing by: Litmux
Tel: +233 208974587
www.info@litmux.com
All rights reserved
Under international copyright law. Written permission must be secured from the publishers to use or reproduce any part of this book, except for brief quotations in critical reviews or articles.
Disclaimer: All information in this book is for information purposes only.
About LITMUX
Litmux.com is a specialty digital publishing firm Founded in 2014. Our commitment to quality and innovation, has helped inform and educate a global community of entrepreneurs, business professionals and individuals. Working in close collaboration with expert researchers and industry professionals, Litmux disseminates quality content within these core subject areas:
Business and Management
Finance and Economics
Media and Communications
Social Science and Lifestyle
Computer Science and Information Technology
Litmux delivers information that encourage and help solve pressing needs. We are a growing firm, and our success comes from thinking creatively about our target markets and actively responding to the needs of our customers. We continue to expand and currently have a portfolio of over 30 book titles. Our online site is about how we want book lovers to feel while searching for that book which goes a long way to make life better.
Our commitment to knowledge, innovation and creativity is matched by our constant quest for excellence. The books, articles and resources we provide are aimed to connect the dots in the mind of our readers through the in depth research of useful tips, strategies and facts.
Litmux has helped, business professionals, career people and a wide range of individuals from all over the world with our insightful, step-by-step and easy to read books.
Here are some of our top Amazon reviews :
This book covers analytics tailored specifically to the retail business and introduced all analytical tools, frameworks, landscape and how analytical advancement impacts all business functions. By Toby. Book: Retail Analytics, (2018) First Edition
Fantastic read! This book is a fantastic read and has helped me in my own career and pursuit of writing. I highly recommend! By Curt Hinson. Book: Life Hacks, (2016) First Edition
"Reputation Management: Upgrade Your Reputation" is an outstanding book by most if not all standards. Short yet covers the whole field. Specialized yet reader friendly for beginners. Strategic and long term yet tactical with short term applications. Corporate yet respects individuality. Marketing oriented yet down to earth and human.. By Nizar N. Nakfoor. Book : Reputation Management (2016) First Edition
Very clear and precise! Great book with added up-to-date information. Good reference book for online entrepreneurs. By E.F Book: Copywriter (2015 ) First Edition
It is your time to get any of our insightful books on Amazon.com
CONTENTS
Dedication
Preamble
Chapters (1-11)
1 . Gold And Money
2. What Is Money?
3. Banks
4. Inflation
5 . Wealth
6. Investment
7. Investing In Gold
8. Investing In Real Estate
9. Stock Investing
10. Human Capital
1 Success
DEDICATION
This Master piece is dedicated to our Lord and Saviour Jesus Christ, for the STRENGTH YOU GIVE US EVERY SINGLE DAY and a purpose to live.
Preamble
Although money can take an extraordinary variety of forms, there are really only two types of money: money that has intrinsic value(i.e gold) and money that does not have intrinsic value(i.e currency).
Gold and silver are the most widely used forms of commodity money. Gold and silver are intrinsic because they could be used as jewelry and for some industrial and medicinal purposes, so they have value apart from their use as money.
So you can now see that there exists a large, but not too large, and almost fixed quantity of gold in the world, almost all of which is held by its owners as a tangible store of wealth.
By contrast to gold's restricted supply of our money systems are currently expanding out of control. Modern monetary policies are expanding the supply of currency, under political direction.
The currencypaper money and coinsused today is fiat money; it has no value other than its use as money.
What is different about gold and other forms of money is the way they disappear, and why. Because of its natural qualities, it is recommended as a high quality form of money.
As you make profit of your talent and human capital, do not forget to invest wisely. This way your money can also work for you. Real wealth lies in long term investment such as gold and other investment vehicles.
What is an Investment Vehicle?
Investing means putting your money to work for youactually, it's a different way to think about how to make money.
An investment vehicle is a product used by investors with the intention of gaining positive returns.
T his Book Money will be of a great help to you. Enjoy!
---- Informally, you can develop a great deal of intelligence in any field simply by investing a reasonable amount of time to reading on a daily basis. Make regular investment in your education. Spending 30 minutes of focused reading every day will give you 182 hours of study time each year.---- LITMUX.COM
Stay in touch. Subscribe to our newsletter for book updates and discounts https://litmux.com/finance-books/ or send us a direct email info@litmux.com
Chapter 1
Gold And Money
The history of gold is synonymous with the story of wealth and money.
The first official declaration of gold as money came around 600 BC, where King Alyattes of Lydia, an ancient kingdom in modern-day Turkey, oversaw the first recorded mint.
Around 3,100 BC, the Egyptian ruler Menes laid the foundation for incorporating gold into the Egyptian economy and decreed that one part of gold is equal to two and one-half parts of silver in value.
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types can be distinguished: specie, bullion, and exchange.
In the gold specie standard the monetary unit is associated with the value of circulating gold coins, or the monetary unit has the value of a certain circulating gold coin, but other coins may be made of less valuable metal.
The gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for the circulating currency.
The gold exchange standard usually does not involve the circulation of gold coins. The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that uses a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself.