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Books > Money & Finance > Investment & securities > Commodities
The Zimbabwe Stock Exchange (ZSE) is one of the last remaining
manual call-over stock exchanges in the world. It is a
contradictory and anachronistic place, in which, each day for
forty-five minutes, twenty traders haggle across wooden desks,
dealing mainly in agricultural and mineral commodities. The ZSE
seems to have been left behind by the rest of the world, but some
argue that its traders are the unsung heroes of the Zimbabwean
economy who can be credited with keeping things afloat during the
extraordinary years of hyperinflation. The ZSE is soon to be
renovated and its systems digitised and automated. This means that
the traders will become redundant, their place in history
forgotten, and the odd aesthetic of the space in which they work
will be lost. Lisa King has been photographing at the ZSE since
2011. Her project is a reflection on the physical and symbolic
space that it occupies in Zimbabwe. It is also a portrait of the
people who participate in this rare form of exchange. Her
photographs explore the anachronistic environment of the ZSE and,
along with Sean Christies incisive essay, suggest that the ZSE is
a reminder of the ways in which technology reflects transformations
in socio-political landscapes. Once the ZSE has disappeared, the
book
Sometimes I Make Money One Day of the Week will be one of
the few documents that record and reflect on this unique,
history-making space.
You will learn: * Why most Financial Advisors can't recommend
physical Gold and Silver * Inflation vs. Deflation- which impacts
gold more? * How to pick the best dealer?: A step- by-step guide *
Spot Price Vs Actual Price * The best gold and silver to buy and
hold * When to sell: the Key Ratios to watch * Back to the Gold
Standard-- Who will be first: China, Russia, or. . .? * How to take
Physical Possession of Gold & Silver with your 401k or IRA
$$$$$$ * The Top 7 Gold Scams
Peak Oil theory is wrong, period. The book starts analyzing the
repeated false prophesies bawled by both relevant personalities and
inexperienced doomsayers that through the years were echoed by
serious and prestigious news media, sometimes even quoted by
influential heads of state. Oil production and reserves data proves
that they were wrong in every instance. Year after year their
calculations proved to be erroneous, but yet they still declare
that the gloomy days are close. Today with a slight change in the
stage design of the drama: now it is not a question of oilfields
becoming exhausted, but rather that gas will soon be so expensive
that only the most opulent will be able to fill their tanks.
Oilfields historical production curves do not follow the "bell
shaped" curve as defined by M. King Hubbert. After the steep surge
of yield resulting from a discovery and later maximum withdrawal,
the fall in production is not symmetrical to the rise and tends to
be much flatter. Actually in most of the cases there is no defined
"peak" but rather a maximum yield "plateau." The smooth diminishing
rate of flow is simply results from the use of enhanced recovery
techniques (EOR) employed to stimulate the surfing of oil rising
from the reservoir rock in depth. The doomsters also ignore the
potential of future oil discoveries in unknown or poorly explored
sedimentary basins all over the world. Evaluations done by
international or national organizations such as the US Energy
Information Administration (EIA) are throwing new light over
undiscovered thick and extensive sedimentary basins potentially
endowed with substantial oil and gas resources. Drilling for oil is
the basic and ultimate tool to define an oil deposit. Only a well
can tell whether we are dealing with a future oilfield or a barren
area. Yet, one must consider that in the last 100 years 50% of the
wells drilled in the world were sunk on the US territory, that is,
over a surface that makes only 6.6% of the total continental lands
in the planet. This fact alone is solid evidence that the rest of
the world is poorly explored. WORLD WIDE OIL EXPLORATION IS IN ITS
INFANCY and many extensive sedimentary basins with potential oil
resources are still unknown and awaiting for both adventurous
entrepreneurs and highly experienced multinationals to bring
billions of barrels up to the light. This fact together with the
present reserves estimations allows us to sustain that there is oil
enough to take us till the end of the century, easily surpassing
the "oil depletion" prophecy that doomsayers wrongly predicted for
2005 or successive years. THIS WITHOUT CONSIDERING AT ALL THE
AWESOME NEW OIL RESERVES THAT CAN BE ADDED BY THE USE OF THE NEW
REVOLUTIONARY TECHNIQUES THAT ALLOW FUTURE OIL TAPPING FROM OIL
SHALES AND GAS SHALES. .
This book will present a comprehensive view of the risk
characteristics, risk-adjusted performances, and risk exposures of
various hedge fund indices. It will distinguish itself from other
books and journal articles by focusing solely on hedge fund indices
and emphasizing tail risk as a predictor of hedge fund index
returns. The three chapters in this short book have not been
previously published.
Presents new insights about the investability and performance
measurement of an investor s final portfolio
Uses most recently developed investable hedge fund indexes to
revise previous analyses of indexes
Focuses on 14 distinct types of hedge fund indices with daily
data from January 1994 to December 2011 "
Have you ever thought of investing in gold? Gold is one of the most
stable precious metals; it is described as a protection for you and
your family against financial uncertainly and inflation. This is
one of the most recommended investment opportunities especially for
someone who has never invested on anything before. The future for
gold investments always have a golden lining since the price of the
metal has increased for about three to four times its value in just
a matter of a decade.
Gold has held an historical allure since the beginning of recorded
history. People are willing to go to great lengths in order to
obtain what they see as financial security, and gold can seem like
a very safe bet. The allure of gold can defy common sense, and, in
many cases, it appeals to unsophisticated investors who are driven
by fear. Like the prospectors before them, many today are willing
to invest in something they know little about, and the results can
be dire. The market for gold can be vicious and slick; it is filled
with fear-based marketing campaigns. What is needed is a guide, an
honest examination of the history and the current market for gold.
This book is that guide.
For the past decade, gold prices have been on a "breathtaking
ascent" and have reached some of the "highest recorded summits" in
modern history. Many investors speculate that these values will
rise even further.
History has shown us that the strength or weakness of the global
economy determines the value of this "iconic" precious metal.
Rising gold prices often "coincide" with weakening currencies and
economic uncertainty and act as a "compass" indicating the
direction the economy is heading. Being able to read this compass
is critical
Beginning with the credit crisis of 2008 and the deep recession
that followed, our Treasury has engaged in "massive stimulus"
programs by "borrowing and spending almost $1 trillion"""and our
central bank (the Fed) has supported a "massive and unprecedented
expansion" of the money supply--both threatening to weaken our
currency and trigger a painful cascade of inflation.
The meteoric rise in the value of gold reflects a common, global
perception that world currencies, particularly the U.S. dollar, are
"under threat." When investors distrust the stability of a nation's
currency--especially a currency as important to global commerce as
the dollar--they look for "hard assets of true value" that can
protect their hard-earned wealth. Learn how you, too, can safeguard
your wealth, hedge against adversity, and diversify your portfolio
through gold investing.
In this book, you will find answers to those questions on
"everyone's" mind:
- Why is the price of gold increasing so quickly and
dramatically?
- What do these increases tell us about the health of the
overall economy?
- Can gold be a safe haven for wealth and a hedge against
economic turmoil?
- What does the modern investor need to know about gold?
- Where and how can I buy or invest in gold?
During the 1990s, SSA countries initiated agricultural policy
reforms to increase producer incentives and increase growth. Yet,
agricultural growth rates after the reforms have been uneven. This
has been attributed to lack of supporting infrastructure or the
inability to respond to incentives by the smallholders. Based on
ten studies, this volume provides a different framework to
interpret the outcomes. First, it attributes the success of the
reforms to the degree of consensus around the reform programs,
which in turn, creates the institutions that can accommodate
unexpected shocks. It differentiates between short run growth
accelerations and sustained growth episodes. Second, it analyzes
the impact of international prices which increased during the early
1990 and collapsed around 2000. Finally, it links the support
institutions that evolved after the reforms back to the political
economy of the stakeholders and their interests. Aksoy and Anil
develop a political economy framework by bringing together the
issues of consensus over the distribution of rents, role of
unexpected changes, and the capabilities of institutions in
handling these changes. Onal tests the of supply responses while
Onal and Aksoy analyze international commodity prices and their
transmission to the producers. Baffes analyzes impact of the
adoption of cotton biotechnology in India and China, and the
failure of SSA to also adopt. Baffes and Onal undertake a
comparative study of coffee sectors in Uganda, and Vietnam which
faced similar shocks. Five case studies cover cashew in Mozambique
(Aksoy and Yagci), coffee and tea in Kenya (Mitchell), cashew in
Tanzania (Mitchell and Baregu), tobacco in Tanzania (Mitchell and
Baregu), and cotton in Zambia (Yagci and Aksoy). Results show that
Agricultural policy reforms generated an immediate positive supply
response. Real producer prices increased along with output. In
unsuccessful cases where the short run supply response petered out,
political and social consensus on the reforms was weak, and the
ability to redistribute income after a negative shock was not built
into the new arrangements. These products had been a major
instrument for rent distribution before the reforms. The agencies
could not be reformed to give greater non price support. In
successful cases, there was greater consensus on the reforms
program. The product was not a major rent distribution instrument
and the producers were allied with the governments. Lower conflict
also led to greater non price support. There was enough political
and economic space for the parties to find solutions in case of
shocks.
In September 1869, two young speculators, Jay Gould and Jim Fisk,
Jr., undertook perhaps the most audacious financial operation in
American history - the cornering of the national gold supply. Fisk
and Gould manipulated prices to the point that legitimate commerce
froze to a halt. When the federal Treasury finally broke the corner
on Black Friday, September 24, the price of $100 gold coin fell
from $160 to $130 in fifteen minutes, sparking a national financial
panic, a stock market depression, and the bankruptcy of major
trading houses. The scandal reached the very household of President
Ulysses Grant, and only the intervention of their friend, Boss
Tweed of Tammany Hall, saved Fisk and Gould from personal ruin.
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