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The Kuwaiti Dinar’s Struggle for Dominance

Tuesday, December 16, 2014 4:01:22 PM America/Denver

Kuwaiti CoinKuwait’s official currency was first introduced in the early part of its existence. The first coins were made during the reign of Kuwait’s fifth Amir, who ordered the use of an official currency in an attempt to state Kuwait’s independence. These coins were all made by hand with a hammer, so each coin looked a little bit different than the others. Each misshapen coin was equal to one paisa.

This coin was only on the market for a few months. It was withdrawn for a few different reasons. Kuwait was already using the Rupee of Queen and Empress Victoria and the Indian paisa, so the second, handmade series of coins caused confusion and problems in the economy. The Indian paisa currently owned the market, so the introduction of another coin did not stick, and Kuwait had no gold reserve to compete with the stability of the Indian paisa, which had ample amounts of gold to back it.Read More

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The History of the Silver Trade: The New World - Now

Tuesday, December 9, 2014 3:54:59 PM America/Denver

Silver barsOur last installment of the history of silver cut off just before Columbus would travel to the New World in 1492. This discovery of new continents was perhaps the biggest milestone in the history of silver to date. The new land turned out to be a wealth of silver, particularly in the areas we now know as Mexico, Bolivia, and Peru. The silver that would be mined in these areas would account for 85 percent of the silver that would be mined for the next 300 years.

During this time, the Spanish introduced the most common coin in the time of the 16th and 19th century, the pieces of eight. These coins helped the silver trade become global, and soon became the international currency of the time.<Read More

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The History of the Silver Trade: Discovery - the New World

Tuesday, December 2, 2014 3:41:53 PM America/Denver

Silver Coins

Though it is rare and beautiful, silver has never been esteemed quite as rare and beautiful as gold, which is the reason that gold has been valued much higher and was the monetary standard in many countries for centuries. However, silver is still an important part of the world economy today. Read on as we discuss the interesting history of trading silver in two parts.

For a good part of human history, silver was considered money. It was discovered around 5000 B.C., and though it was not widely used as currency, it was immediately recognized as a rare and valuable substance. In 3000 B.C., people really began to take notice of the shiny metal and thus began a concentrated effort to mine and collect it.

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Tips for Understanding the Foreign Exchange Market Part 2

Monday, November 24, 2014 2:18:32 PM America/Denver

Forex tradingA week ago, we posted four tips for understanding the foreign exchange market (forex). This article will feature the next four tips to help you get started in trading foreign currencies.

Effectively Manage MoneyRead More

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Tips for Understanding the Foreign Exchange Market Part 1

Monday, November 17, 2014 2:14:27 PM America/Denver

Forex tradingThe foreign exchange market (forex) is the official platform for trading foreign currencies with the intent of making a profit and it is one of the fastest growing markets in the world. Those who truly want to succeed with forex need to have a thorough knowledge of it. To help you get started, we’ve put together a two-part blog post offering tips for entering the market.Read More

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The History of Trading Gold: The California Gold Rush - Now

Monday, November 10, 2014 2:07:09 PM America/Denver

Trading goldWhen we left off in our last article about the history of trading gold, John Marshall began the California Gold Rush, spurred by his finding of gold flakes at Sutter’s Mill near Sacramento, California. From that time forward, men and women alike sought to make their fortune with gold.Read More

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The History of Trading Gold: The Beginning - The California Gold Rush

Monday, November 3, 2014 6:25:44 PM America/Denver

Gold has been in human possession since early B.C. times and has always held high value, although it was not actually used as a form of currency until late B.C years. Remnants of ancient civilizations have brought forth evidence of gold used as decorative ornaments and jewelry. Gold was also largely used for religious rituals. Ancient civilizations wore gold as a symbol of their loyalty and as offerings to their gods. Gold jewelry and emblems have also been found buried in the tombs of the noble and well-known, representing their power.Read More

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Valuing a Country's Currency Infographic

Monday, October 27, 2014 4:10:37 PM America/Denver

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Things You Might Not Know about Some Foreign Currency

Monday, October 20, 2014 5:57:32 PM America/Denver

5 YenPerhaps the only money that has ever interested you is the money in your wallet--Washingtons, Lincolns, Hamiltons, Jacksons, Grants, and in some lucky cases, Franklins. We recognize those faces on our money because of the great deeds they have done for the United States.

There are many other currencies in the world that have their own unique histories. Here are a few things you might not have known about various foreign currencies.

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What’s in Your Pocket?: Top 5 Most Valuable Coins

Monday, October 6, 2014 5:52:31 PM America/Denver

Double EagleWhat if someone told you that a piece of shiny metal weighing less than an ounce was actually worth millions of dollars? This is a truth thousands of coin collectors around the world have discovered. Whether you are a seasoned collector, or looking to get into the trade, you should be aware of five of the most valuable coins in the world.

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