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Paul Odame - Money: Wealth, Investment, Human Capital, Success. A Gold Mine On How To Make More Money

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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 golds 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, its 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.This Book Money will be of a great help to you. Enjoy!

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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,
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Money: A Gold Mine On How To Make More Money
By
Litmux
Copyright Litmux.com
First published in 2018
Latest Update 2020
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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
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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
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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.
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