ABSTRACT Gold acts as a catalyst in boosting the economy of any country and maintaining and stabilizing the exchange rate. Gold as being a risky asset‚ of which governments hold large stocks‚ it is vital to know the co-integration between countries. The research is done to study whether or not the Gold reserves of the world are co-integrated means that the gold reserves of the world co-move with each other. Data is extracted from the World Gold Council of past 62 years having a sample size of 32
Premium Continent South America North America
Since the Middle Ages‚ silver and gold have been known as a universal form of currency. Over time‚ this widespread‚ voluntary acceptance of gold as currency is what ultimately led to the introduction of gold standard in the 1800’s. By 1853 Canada had readily implemented this standard‚ a standard that not only ensured less variability in its domestic price level but also acted as an international standard. Aside from certain short-term shocks‚ seemingly flawless long-term price stability continued
Premium Inflation United States dollar Money
The Gold Coast Cape Coast is a city in one of the ten regions of Ghana‚ located in the Western part of Africa. It is about a 122-square-kilometer-stretch of land‚ with a 14-mile-of-land that stretches into the Atlantic Ocean. The ocean gives the natives their main occupation‚ which is fishing‚ and enabled the British missionaries and explorers to come over and exploit both the people and the land. Cape Coast was formerly known as the Gold Coast because it was so rich with gold‚ that gold was
Premium Ghana Atlantic Ocean Ocean
Gascoyne Gold case study 1. Outline how Porter’s value chain has been used by Gascoyne Gold and the advantages that have resulted from its implementation. Porter`s value chain model looks at the primary and secondary activities with in the internal environment of an organization. From the case study it is shown that Gascoyne Gold has used porter`s value chain to reduce costs and to increase customer satisfaction. Primary activities: * Inbound logistics: It includes all the activities
Premium Marketing
Gold is a soft metal that is largely unreactive. Gold jewellery can lie underground for thousands of years and emerge shiny after that lengthy exposure to air‚ water‚ and other chemicals in the environment. Gold does dissolve in some solvents as indicated below and does react with halogens. The most common oxidation states of gold are Au(I) and Au(III) but there are a few examples of Au(V) (various anions [AuF6]- and [Au2F10]). The Au(III) ion has the d8configuration which gives rise to many square
Premium Gold
IMPROVING AUSTRALIA’S LAW AND JUSTICE FRAMEWORK A discussion paper to explore the scope for reforming Australian contract law 2012 © Commonwealth of Australia 2012 All material presented in this publication is provided under a Creative Commons Attribution 3.0 Australia (http://creativecommons.org/licenses/by/3.0/au/deed.en) licence. For the avoidance of doubt‚ this means this licence only applies to material as set out in this document.
Free Common law Law
I. Income from property is taxed to the person who owns the property. II. Income from services is taxed to the person who earns the income. III. The assignee of income from property must pay tax on the income. IV. The person who receives the benefit of the income must pay the tax on the income. Betty purchased an annuity for $24‚000 in 2012. Under the contract‚ Betty will receive $300 each month for the rest of her life. According to the actuarial estimates‚ Betty will live to receive 96 payments
Premium Tax Income tax Taxation in the United States
The majority of Australia’s population is distributed along the coastline. The current population of around 20 million is concentrated mainly in the large coastal cities of Sydney‚ Melbourne‚ Brisbane‚ Perth and Adelaide. Brisbane and Sydney are located on the south-eastern coast consecutively. From the bottom right to the bottom left of the continent‚ located on the south-eastern to south-western coasts are Melbourne‚ Adelaide and Perth‚ respectively. These concentrated cities then branch
Premium Australia Immigration
Gold Penny Lab Purpose: The purpose of this lab is to convert a regular penny into a “gold” penny. Background: Chemistry is a branch of physical science that studies the composition‚ properties and behavior of matter (www.acs.org). Sodium hydroxide is considered to be a strong base because it breaks up in water. When mixed with certain metals it produces potentially explosive hydrogen gas. Many alchemists believed that doing certain chemical reactions that they would be able
Premium Chemistry
first three months of 2012. Experts suggest that the answers lie within the tax system‚ to further improve the economy. The Goods and Services Tax (GST) in particular has come under the microscope of recent time‚ as to how changes to the GST could benefit Australia. Small tinkering’s to the current taxation system can definitely raise more revenue‚ but of just as much concern is the keeping of a simple tax system‚ ensuring revenue collection‚ and knowing what sort of stabilisation effects could occur
Premium Tax Value added tax Income tax