Published on: 21 June 2018
Last Updated on: 15 October 2020
What is paper gold? When investors talk about paper gold, they’re not referring to a gold leaf, which is real gold hammered into a thin, paper-like sheet that’s used in gilding, stretching gold out for decoration in jewelry, architecture, book-making, and mosaics. They’re talking about gold contracts and derivatives that have been created to make gold trading more mainstream, faster, and profitable for traders who want to go short instead of long.
Paper Gold vs. Gold Bullion :
What’s the difference between paper gold and real gold bullion? Paper gold is a contract for the future delivery of gold. However, most people who trade in paper gold don’t ever actually want to receive gold bullion. Not only are the contracts rarely ever delivered upon, but there’s also a lot of speculation that they never could be delivered on. That’s because there’s more paper gold out there than real gold bullion. The situation is even more pronounced with silver.
Paper gold exists so that gold traders can profit from gold prices going down. When they “go short” on gold, they essentially rent a gold stock from someone who already owns it, sells it at the price of gold today, then buy another gold stock and return it. If the price of gold has gone down, they’ve made a tidy profit. Many believe that the paper gold market is artificially keeping gold prices down, both by inflating the real quantity of gold that can be traded and allowing this type of short-selling.
Is Gold Bullion Better?
It depends on what kind of investor you are, but if you’re looking into gold because you are risk-averse and you need a conservative asset, yes, gold is better. While many criticize the expense of keeping gold, saying insurance and storage are expensive. But there are also management fees involved in a gold ETF. Plus, you face the counter-party risk of trusting your investment with a fund. When you buy gold bullion from a dealer like Silver Gold Bull, you’re putting your trust in the value of gold. When you buy into a gold ETF, you’re putting your trust in the fund’s management as much as anything.
As any investor knows, there’s never such thing as a guaranteed gain. But real gold bullion is about as close to it as you can get. Since modern gold trading began, it’s kept up with inflation in the long term (and done much better than either currency or equities over certain periods). For centuries before then, gold was the preferred way to store wealth. Physical gold bullion is one of the most durable materials on the planet. Thanks to safe and insured online gold buying from online gold companies like Silver Gold Bull, it’s never been safer to save on gold by going online. The risks of holding gold bullion are far lower than paper gold or gold mining stocks in the end. Trust your money in real gold bullion, not paper gold.
Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.
Online shopping has been quite popular for some years now. However, 2020 was the year when e-commerce bloomed to its full potential
While it may seem unexpected, e-commerce growth has been a result of the pandemic. Successful drop shippers, Can Mandir examines these situations and discusses the future of dropshipping as well as crypto. Below are the key takeaways from the discussion.
The state of dropshipping in 2020:
The growth of e-commerce was matched by the growth of dropshipping. Consequently, drop shippers were on the better side of things throughout the pandemic. Dropshipping was supported by consumer behavior as well as market changes. Therefore, many dropshipping ventures enjoyed periods of success.
The growth of dropshipping is parallel to the increase in the demand for online sellers. People are adopting new habits of shopping online from which dropshippers are benefitting. Moreover, home deliveries have put dropshippers to the ultimate advantage. Can Mandir stand as the proof of what a drop shipper can attain by utilizing market information and consumer needs?
How to be a successful drop shipper:
Can Mandir has successfully established his dropshipping venture. Thus, he knows exactly what one needs to start their own dropshipping venture. In his interview, he lists some of these requirements.
● The primary requirements described by Can Mandir are smart devices such as phones, laptops, and computers. These devices are a must if you're going to start a dropshipping venture.
● Secondly, you'll need a good internet connection. Since dropshipping is a part of e-commerce and you're dealing with consumers over the web, you need to have a stable internet connection.
● Aside from these monetary requirements, one must have willpower, dedication, and discipline. If you have a passion for selling online, you'll definitely be one step ahead of other newcomers.
● You should also be ready to devote time to the venture, or it won't succeed.
What to avoid while entering the dropshipping domain:
If you're not ready to enter the online selling market, you should take your time. Many people are afraid to begin their journey as a dropshipper which is why Can Mandir considers people's mindset to be the biggest problem. It isn't easy selling online, and it has never been so. Therefore, one shouldn't begin their journey if they aren't sure.
Aside from that, Can Mandir also adds that the mindset of the consumer also serves as a barrier. "There are still many people with an old mindset, who often leave their homes to go to the city center to buy things,” he quotes.
The present and future of crypto:
The presence of crypto seems to be pointing towards the future of crypto. As of today's date, crypto is still not a part of the regular currency dealings. However, it has gained a lot of attention and turned many heads towards itself. The active interest in crypto points towards its future. Mandir states that he is positive about the future of crypto.
Moreover, he believes that future dropshippers will be dealing in cryptocurrency. There are a lot of things that led to his opinion of crypto. One of them being the interest Elon Musk has shown towards crypto. The other being his foresight for future market trends and changes.
The state of e-commerce in the post-pandemic world:
When asked about the future expectations from e-commerce, Mandir quotes, "The e-commerce market will continue to generate the growth of revenue.” So, e-commerce agents can rest easy as the future of e-commerce seems as promising as it's present.
Can Mandir believe that consumers will continue to support e-commerce as it provides consumers with better benefits? It's difficult to change consumer habits which is why e-commerce will keep growing for now.
Read Also:
How To Become A Successful Cryptocurrency Trader In 5 Easy Steps
Approaches for Increasing E-commerce Sales Through Inventory Reports
When you think about life insurance, you think about the financial security it will provide your family when you die. What most people don’t know is that life insurances do not cover every type of death.
Term life insurance is the most common and affordable type of life insurance policy. Term life insurances specific number of years before the policy expires.
You then have the option of renewing it. If you die during the term, however, your insurance will provide death benefits to your beneficiary.
You should know that life insurance policies have some coverage exceptions. Particularly when it comes to the type of death.
This is an important consideration as you purchase a life insurance policy, or if you are continuing to manage one.
Deaths Not Covered by Term Life Insurance
There are certain reasons why your term life insurance won’t payout upon your death.
These coverage exceptions can be a hassle for beneficiaries and loved ones. Especially those who rely on your life insurance to cover medical, funeral, or burial expenses. Deaths which might not have coverage through insurance.
Fraudulent Deaths
If you commit life insurance fraud or someone lies about the cause of death, your life insurance company may refuse to pay death benefits.
It is important, to be honest, and forthcoming when applying for life insurance. Especially if you have any medical conditions or dangerous conditions you are in.
Dangerous Hobby-Related Deaths
If your lifestyle is dangerous or you have dangerous hobbies, these activities may affect your life insurance. For example, certain pilots must opt-in for special aviation coverage to get life insurance.
If someone dies in a flying accident, beneficiaries will not get death benefits.
If you regularly engage in dangerous hobbies like– bungee jumping, scuba diving, or free-climbing – you need to inform your insurance agent or carrier upfront. You may need to list these hobbies or opt for additional coverage.
You may also have a higher premium. Be honest, even if it does mean a higher premium. As noted previously, if you lie on your application or about the cause of death, your beneficiaries are the ones who will suffer.
Murder
If one of your beneficiaries murders you with the intent of collecting your insurance money, they won’t prevail.
The Slayer statute prohibits death benefits from being paid out to anyone who murders or is tied to the murder of the insured. If this happens, death benefits will be distributed to your contingent beneficiaries or your estate.
Suicide
Most life insurance policies have a “suicide clause”. This clause states that if you commit suicide during the first two years the policy is active, then the policy will not cover the death or pay death benefits.
This is designed to prevent individuals from obtaining a policy and then immediately committing suicide.
If the death is possibly suicide, such as a drug overdose, then the insurance company may deny coverage.
They will have to prove that the insured committed suicide (the death was deliberate) and not the result of an accident.
Make Sure You Understand Your Life Insurance Policy
As you can see, there are a variety of situations that could result in your life insurance refusing to pay death benefits to your loved ones.
You should talk to you insurance agent to find out specifically what is and is not covered by your term life insurance policy.
Make sure your insurance agent is up to date on any medical conditions you have or any changes in your hobbies or occupation.
Doing so can help prevent your loved ones from experiencing the unfortunate scenario that is a life insurance coverage denial.
Common Misunderstandings About Life Insurance Exclusions
It's easy to assume that your loved ones are fully covered once you have a life insurance.
Are they?
But as you’ve seen, not all deaths are covered by term life insurance policies. It’s crucial to understand these exclusions clearly.
There are often misconceptions, like believing every type of accident or unforeseen circumstance will be covered, which isn't always the case. Knowing the details is key to avoiding unpleasant surprises later.
Reviewing Your Life Insurance Regularly
Your life circumstances can change, and so should your life insurance coverage. For instance, you might pick up a new hobby that could impact your coverage.
It is a good habit to regularly review your policy with your insurance agent. This ensures that any updates on your health, hobbies, or job are recorded.
Doing this can also give you peace of mind, knowing that your policy remains relevant to your current situation.
Final Note: Clarity is Key
Understanding what your term life insurance covers—and what it doesn’t—is vital. No one wants their loved ones to face unnecessary hurdles during difficult times.
Take the time to sit down with your insurance agent. Ask questions, review potential exclusions, and make sure everything is transparent.
A few efforts today can make all the difference for your beneficiaries tomorrow!
Read Also:
A Detailed Guide to Cashless Car Insurance Policy
Insurance- Need of the time
How Private Hire Insurance Takes You Out from Problems?
Self-employed Health Insurance: Best Types for Every Freelancer
In case you find yourself in a place where you don’t have any financial goals, for neither the short term nor long term, it can lead you to a rough patch. It is essential to have proper financial plans if you want your finances to be seamless.
When you don’t have a goal, you end up spending more than you should. In the long run, this leads to serious financial setbacks. To ensure a smooth financial situation, you need to utilize relevant tools to better manage your finances.
Any financial emergency can emerge anytime, like a health scare, an accident, inflation, losing your job, a large purchase, urgently fixing something, etc., and you must prepare yourself to manage your finances in such unexpected situations.
Here Are six Prime Tips That Will Ensure Your Finances Are Always Seamless:
1. Increase Your Knowledge
Your finances are not something you have to deal with once or twice. It’s a part of your daily routine. Instead of focusing on shortcuts and quick solutions for financial stability, take steps that will help you in the long term. The best way to ensure seamless finances is to learn about them in the first place.
Increase your knowledge about financing, budgeting, saving, investing, getting out of debt, etc. There are a lot of finance books written by experts that you can read to deeply understand all the concepts and tools related to finance.
Another option is to take online classes and earn certifications. You can find several online options to prepare for any certification. For example, Wiley CFA exam prep will help you find all the relevant course material, online lectures, quizzes, etc., that will help you prepare.
This way, you will understand things at a deeper level, and not only will you benefit yourself, but you will be giving financial advice to others soon.
2. Make a Budget
Making a budget is the primary step to reaching your financial targets. Not only do you need to make a comprehensive budget, but you also have to stick to it. Make it a habit to check in with your budget.
Make a monthly budget and thoroughly go through what you make and what you spend. It is clear what you make every month, but how much you spend is a bit complicated as there are many hidden expenditures, too.
Write down all your expenses in detail, like fixed costs such as phone bills and rents, etc., savings, expenses on groceries and food, expenses on hobbies and entertainment, etc.
Set a target of which extra expenses you want to reduce, which positive spending habits you want to continue in the future, how much you need to put aside for paying bills or saving purposes, etc.
3. Set Realistic Goals
This advice is applicable for attaining both short-term and long-term goals. Never make unrealistic plans that you cannot keep up with for a longer time. The reason is that when you fail to achieve such unrealistic objectives, you give up completely and stop trying.
First, decide what your goal is, and then make a list of practical ways to achieve it. Whether you want to buy a house or a car, pay off a student loan, reach a saving target, etc. Whatever the goal is, make it realistically achievable.
For example, it is unrealistic to set an objective of paying $40,000 of debt within a year when you earn $30,000 annually. If you do want to pay off your debt, set a realistic and achievable timeline and take practical steps for it.
You cannot vow to never eat out again because you want to save money for a big purchase if you currently eat out five times a week.
4. Assess Your Expenditures
You probably don’t remember the multiple subscriptions you made for different mobile applications or streaming services. And you don’t remember them because you don’t use those services.
However, a sizable amount gets deducted from your bank account in the name of such subscriptions. This is just one example of how important it is to deeply analyze your spending habits.
If you are no longer using a service, cancel its subscription. If you do not watch TV much often, cut the cable. Assess if you pay your bills on time each month, or do you neglect them until it’s too late and you have to pay extra late fees? Are you eating out way too frequently?
Do you buy things in bulk just because they are on sale, and you don’t even use them later? It’s crucial to objectively analyze your expenditures, where you are overspending, or where you do not need to spend anything at all.
5. Create An Emergency Fund
You need to set up an emergency fund for any uncertain incidents. Initially, start with saving up to $500 to $1000 for your emergency fund. When you successfully meet this target, gradually keep increasing the amount that you put aside in an emergency fund.
Financial experts suggest saving an amount equal to at least three months’ worth of expenses. And with time, increase this amount to six months’ worth of expenses. This way, you will have enough money to cover necessities and any financial shock.
Find out something in your expenses you can give up to increase your savings, or sell unused or old things on eBay or a yard sale, etc. Add money in emergency funds by doing some part-time jobs, freelancing, etc.
6. Invest Your Money
Be strategic and invest your money to earn a return on it. This way, you will be able to achieve financial stability. When you invest, you are making money while sleeping. You can invest in financial instruments like bonds, stocks, real estate, mutual funds, etc.
The annual rate of return on investment in stocks on average is 6%, 7%, or even 10%, depending on inflation.
This way, investing your money in the stock market can give you a good passive income and financial security. You can ask the experts or friends and family for investing advice. While there are risk factors present, you can avert them by spreading your investments into different financial assets.
If you are searching for ways to have seamless finances, you need to develop some long-term habits that will positively influence your financial situation. Here are six things you can do to achieve your financial goals smoothly.
Read Also:
Choosing The Right Financial AdvisorHow to Start Your Career as a Financial Advisor?The Importance Of Saving: The Bedrock of a Bright Financial Future
