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# Thursday, July 21, 2011

Commodity money

Commodity money

Many items have been used as commodity money such as naturally scarce precious metals, conch shells, barley, beads etc., as well as many other things that are thought of as having value. Commodity money value comes from the commodity out of which it is made. The commodity itself constitutes the money, and the money is the commodity. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, rice, salt, peppercorns, large stones, decorated belts, shells, alcohol, cigarettes, cannabis, candy, etc. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or Price System economies. Use of commodity money is similar to barter, but commodity money provides a simple and automatic unit of account for the commodity which is being used as money. Although some gold coins such as the Krugerrand are considered legal tender, there is no record of their face value on either side of the coin. The rationale for this is that emphasis is laid on their direct link to the prevailing value of their fine gold content. American Eagles are imprinted with their gold content and legal tender face value.

Thursday, July 21, 2011 11:51:22 AM (Nepal Standard Time, UTC+05:45)  #    Comments [4]   Daily Bulletin Board | Do you know? | Financial Terminology | Market Summary | Media  | 
Friday, July 22, 2011 12:22:24 PM (Nepal Standard Time, UTC+05:45)
the analysis is good very much but only for past data. it is very easy to describe and plot pasta data but most difficult part is that the prediction of future for next day so if some one can predict price then it will be fruitful for all of us. so hope to read such types of analysis for the next time.
Monday, July 25, 2011 1:55:24 PM (Nepal Standard Time, UTC+05:45)
I absolutely adore reading your blog posts, the variety of writing is smashing.This blog as usual was educational, I have to bookmark your site and subscribe to your feed in i feed. Your theme looks lovely.
Thanks for sharing.
with regards:
MCX Tips
Monday, August 01, 2011 11:35:21 AM (Nepal Standard Time, UTC+05:45)


I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.
Regards
Gold Silver Tips
Friday, August 12, 2011 5:55:48 PM (Nepal Standard Time, UTC+05:45)
This post is really nice and informative. The explanation given is really comprehensive and informative. I am feeling happy to comment on this post. I think this is useful information for users-How does the ordinary investor fit into the equation comprising of global factors coupled with manipulation in the stock markets.
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