ipl-logo

Price Of Gold Essay

3903 Words16 Pages

CHAPTER 1 INTRODUCTION 1.1 Introduction of Gold Gold has been used by many people as a commodity, or also can be called as a substitute of money for people to make transaction for buying and selling goods. The system that similar to this is called barter system. Without Gold, it is difficult for people to buy or sell goods. As the advancement of technology and trends nowadays gold has no longer being used as a commodity to buy and sell goods in daily life. Perhaps, gold has been used as jewelry to people and also as an investment to generate more money. In 1986, the first new gold jewelry alloy of this century which is 990-Gold that was manufactured in Hong Kong was introduced to meet the need for an improved durability of 99% pure gold traditionally (National Mining Association, 2004). For this study the researcher will going to focus on Kijang Emas price for 10 years monthly starting from 2005 until 2014. The price for …show more content…

These factors that contributed to the changes in gold price may differ every time. It may be due to central bank reserve, value of local currency, or any other related factors. Therefore, the problem statements are what are the factors that cause the price of gold to change? 1.4 Objective of Study The objectives of the study are: i) To determine whether exchange rates significantly contribute to the changes of gold price in Malaysia. ii) To determine whether the changes in Unemployment Rate significantly contribute to the changes of gold price in Malaysia. 1.5 Scope of Study This study is going to used two economic factors that will affect or determine the price of gold in Malaysia. The factors are Malaysian Exchange Rate and Unemployment Rate. The study will be concentrate for the period of 10 years data and the data collected will be in monthly since it will be easier to find the result. 1.6 Limitations of

Show More
Related

  • What Does The Color Gold Symbolize In The Great Gatsby

    695 Words  | 3 Pages

    The Color Gold Symbolizes Prosperous Some of the most successful people in the history of this marvelous planet have been wealthy. In order to be prosperous, one must be made up of money. Some even correlate wealth to success. The definition of prosperous is the upcoming of wealth and success.

    Read More

  • Reconstruction Scandals: Boss Tweed In New York City

    892 Words  | 4 Pages

    This included the issuing of fiat greenbacks, not backed by gold, but were required to be accepted for the payment of federal debt. It was generally believed that the U.S. Government would ultimately redeem the "greenbacks" with gold. In 1869, a group of speculators, headed by James Fisk and Jay Gould, sought to profit from this by cornering the gold market. Gould and Fisk first recruited Grant 's brother-in-law, a financier named Abel Corbin. They used Corbin to get close to Grant in social situations, where they would argue against government sale of gold, and Corbin would support their arguments.

    Read More

  • Essay On Are Pennies Worth Minting

    783 Words  | 4 Pages

    Are pennies worth minting? Many people believe they’re a waste of money, but some people believe that they’re still worth minting. Pennies should not be minted for many reasons such as, the penny costs more money to make then the penny has in value. Another reason is that pennies are a severe waste in time such as people often pay with pennies as a practical joke, which means hard working employees often have to spend the time to count those pennies. The final reason is because the penny is losing the government money.

    Read More

  • Power Of The Federal Government In The 19th Century

    674 Words  | 3 Pages

    Before a single form of currency was established, local banks were allowed to make loans that were issued by their own bank notes. The local banks did not have to use gold and

    Read More

  • High Cost Of Higher Education Essay

    639 Words  | 3 Pages

    “Poverty must not be a bar to learning and learning must be an escape from poverty” this was said by Lyndon B Johnson in 1964 and the problem he was addressing back then, has grown and become far larger and more destructive. The average Canadian student acquires 27,000$ of debt trying to earn what in our society today is necessary, to live a safe, happy and fulfilling life. Without higher education you are not likely to be able to do what you want with your life. Within the last two decades university prices have doubled and along with it so have interest rates. This enforces and maintains the trend of the rich staying rich and the poor staying poor; because of the high price less wealthy people are unlikely to be able to afford university and get a good job.

    Read More

  • How Did The Credit Mobilier Scandal

    945 Words  | 4 Pages

    This was caused by two men, Jay Gould and James Fisk. While the reconstruction era was occurring the government issued a lot of public debt, mostly to the finance construction. They issued fiat greenbacks or a Demand Notes, which the government said they would redeem for gold later in the future. The two men mentioned earlier James Fisk and Jay Gould thought this would be a great time to corner the gold market. They hired a financer named Abel Corbin who they used to argue with the government about the selling of gold.

    Read More

  • Essay On The Cost Of College Tuition

    1145 Words  | 5 Pages

    Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.

    Read More

  • Gold In The Great Gatsby

    814 Words  | 4 Pages

    The Great Gatsby Reading Journal Colors prove quite important throughout the novel, in representation of both themes and characters themselves. The most notable color is gold, which captures the allure of wealth and the emptiness beneath it that Fitzgerald portrayed throughout the novel. The epigraph mentions gold twice, emphasizing its attractiveness (in this case, in a significant other.) The “gold hat” which it mentions symbolizes Gatsby and his aggregated false riches which were made to woo Daisy Buchanan. Interestingly enough, the author of the quote, Thomas Parke D’Invilliers, is a pen name for F. Scott Fitzgerald himself from an earlier novel, This Side of Paradise.

    Read More

  • The Allure Of Gold During The California Gold Rush

    175 Words  | 1 Pages

    In the articleThe many uses of Gold, we learn gold can be used

    Read More

  • Rising Cost Of College Essay

    817 Words  | 4 Pages

    Rising college tuition costs is an issue that hits close to home for many of us. Being a student, will always coincide with money struggles. During ones college search, numbers are all we are told to focus on. These numbers include ACT scores, GPAs, AP tests scores, and the biggest number of all, the cost of college itself. The rising cost of college has three main effects; debt through student loans, less people attending college, and an increasing number of college graduates moving back home.

    Read More

  • Mansa Musa Religion

    1735 Words  | 7 Pages

    Especially, in Europe where there was great interest in this kingdoms wealth. The business men of Cairo clearly took advantage of Mansa Musa when he had spent all his gold on them by marking up their prices. As a result, he had to borrow back a large amount at the ridiculously high interest rate. Another reason for this lending rate would have been to adjust the devaluation of gold and the inflation of prices on goods. Because Mansa Musa gave away so much gold on his journey to the pilgrimage it devalued the metal for the next decade in the cities he visited like Cairo.

    Read More

  • Essay On College Cost

    1154 Words  | 5 Pages

    Is The Cost of University to Excessive? College and universities are the final steps in someone’s educational journey. To go away to college is the dream, the American dream. College is where students find their future, to work for a degree, and to find out what they want to be, but at what cost?

    Read More

  • Nike Economic Factors Analysis

    787 Words  | 4 Pages

    The Economic factors are determinants of an economy’s performance that directly impacts a company. These factors include inflation rates, interest rates, exchange rates and economic growth. These affect how businesses operate and make decisions. The economic climate in the country is of major concern to every company as it has impacts on the business and consumer spending. For example, the exchange rates can affect the costs of the supply and price of imported goods and exporting goods in an economy.

    Read More

  • Political Economy In Ancient Greece

    765 Words  | 4 Pages

    Hello in this paper Im going to define, discuss Political Economy in Ancient Greece. Politcal Economy is the earlier name for economics , the Ancient Greeks came up with the name but in the late 19th Century economists decided economics is a better shorter name. The economy in Ancient Greeks were based on Agriculture,Crafts, Trade, Taxation and Currency . Agriculture was imporant to the Ancient Greeks because it employed up to 80% of the Greek population. Agriculture consisted of olive trees, grapevines, herbs, vegetables, and oil producing plants .

    Read More

  • Causes Of Unemployment In Malaysia

    874 Words  | 4 Pages

    Issues and Concerns of Unemployment in Malaysia For decades, unemployment is seen as a negative issue that affects a country all over the world including Malaysia. One person may become unemployed as long as he or she is involved in the labour market. If the unemployment issue is not solved, it will give rise to a series of social and economic problems in a country. The first impact of unemployment will cause an arise of criminal activities.

    Read More

More about Price Of Gold Essay

Open Document