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Commodities
Spot and derivative markets for trading goods which are uniform in all aspects
845 Questions
What are the basic cooking commodities?
In general, staples will be root vegetables, grains, or beans. Exceptions are certain nuts and fruit kernels, staple in native cultures of the Americas. Here are a list of ten well-known staples: # Potato # Wheat # Yucca # Corn/maize # Rice # Acorns # Beans # Oats # Lentil/dal # Chickpea/garbanzo bean
What are the top 5 commodities in Georgia?
gold, silver, copper, oil and bronze are the top 5 commodities. they are widely traded in commodities market.
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What is the ticker symbol for copper futures?
JJC is a copper ETF
From the prospectus:
The investment seeks results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones-AIG Copper Total Return Sub-Index. The fund is designed to reflect the performance on copper contracts. The index is composed of Copper High Grade futures contract traded on the New York Commodities Exchange.
What is the ticker symbol for Platinum Equity?
Platinum Equity is a privately-held company and as such has no publicly-traded stock.
Where could one find commodities trading online?
ETrade and TD Ameritrade are very common and regularly used sites for commodity trading online. There are many other options but it's better to go with a known company than a site one is unfamiliar with.
How many ounces of gold are in a standard gold bar?
Standard Gold Bars come in the following sizes:
- 1 gm Gold Bars
- 1 oz Gold Bars
- 10 oz Gold Bars
- 1 Kilo (32.15 oz) Gold Bars
Gold Bars are priced based on a "spot price" per ounce of gold (which can be easily located on various stock or commodity exchanges around the world) plus any premium cost for the various sizes of bars you purchase. This premium is based heavily on availability of supply and demand for specific bar sizes, manufacturers and/or other factors.
Gold is fairly expensive for it's weight, which is one of the reasons people like to own gold as an investment. It is a very compact "store of wealth", meaning you could literally have well over $100,000 in small gold bars that would take up less space than a small shoe box and can easily be stored in a small home safe.
In times of financial (like we are seeing now in late 2008) or societal (like war zones or destabilized governments) turbulence, people often turn to gold to store their wealth for the following very good reasons:
- Gold is very compact - taking up very little space for the value of money
- Gold is easy to store - it doesn't rust, decay or dissolve
- Gold can easily be traded - gold has long been used as currency, being traded for other goods or services
- Gold is independent - it can be transferred into any other currency in the world
- Gold maintains a steady value - the price of gold may change but this is more a reflection of the inflation or deflation of a given currency. Gold maintains a very stable value - where modern paper currencies fluctuate greatly and can become worthless very quickly (See Argentina Hyper-Inflation of 1980-2000)
- Gold is not traceable - it doesn't have micro chips, serial numbers that are tracked, etc
- Gold is not taxed - while you may pay sales tax to purchase it, it is not taxed as property (like your home or real estate)
- Gold has no inheritance tax either - because it is untraceable and is a simple possession
You can purchase gold bars online at reputable dealers like APMEX (http://www.APMEX.com) to gain the advantage of gold as an investment and protection against inflation and troubled times. You can also purchase gold on online auction sites like EBAY, however, great caution should be used to avoid being defrauded. With the high prices of gold and other precious metals, it is better to make your purchases from trustworthy companies with excellent reputations.
Where can one practice commodity option trading online?
Moneycontrol, Chicago Board of Exchange (CBOE) and Chicago Board of Trade (CBOT) all offer online commodity training advice. As well, the Commodity Futures Trading Commission generally has an office in most major cities and is available for advice and training.
Can you give me five examples of a thing that is in all three states?
Cars, houses, people, roads, stores.
Why does commodity money has value?
Commodity money has value because it is made from a material that has intrinsic worth, such as gold, silver, or other valuable resources. This intrinsic value is derived from the commodity's usefulness, scarcity, and demand, which gives people confidence in its ability to serve as a medium of exchange. Additionally, since commodity money can be used for purposes other than trade (like jewelry or industrial applications), it maintains value even outside of its role as currency. This dual function helps to establish and sustain its acceptance and stability in economic transactions.
What most accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
The Columbian Exchange led to the introduction of new resources, technology, and diseases to both Europeans and indigenous peoples. This resulted in shifts in power dynamics, cultural exchanges, and the spread of deadly diseases that had devastating effects on indigenous populations. The exchange also spurred conflict over resources and territory among indigenous groups and with European settlers.
Generally speaking, a gold broker, or in fact any type of financial broker is the individual who matches buyers to sellers. A gold broker would find buyers and sellers of gold and therefore help create a deal among the two parties.
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A commodity futures market exists within the broader commodities market for what reason?
A commodity futures market exists to allow participants to hedge against price fluctuations and manage risk associated with the buying and selling of physical commodities. It provides a platform for producers and consumers to lock in prices for future delivery, which helps stabilize income and costs. Additionally, it facilitates price discovery by enabling speculators to trade based on their expectations of future market conditions. This market structure enhances liquidity and efficiency in the overall commodities market.
gold
What is an example of commodity money?
Commodity money refers to objects that have value and can be used as money. Examples would be gold, silver, jewelry, or any metal that has value. Anything that has value to one person can be used as commodity money. If someone is in need of coffee beans and you have them but they don't, they may be willing to barter goods in exchange for coffee beans. In this case, coffee beans would be used as commodity money.
