Showing posts with label base currency. Show all posts
Showing posts with label base currency. Show all posts

Gold is the most valuable in all the metals today and plays a major role in the field of investment. Gold has its own importance for investors and it is mostly used as a shelter and a safety point for them in economical breakdown, currency crises and in war where there is a market decline. Gold is behaving more like a currency than an article of commerce today in Pakistan.
Gold in the past was used instead of money and people used it as a currency. Pakistan It was mostly used in trade and commerce. Gold is better than money because currency rates can go down but prices and value of gold is unique it remains constant throughout the world therefore it can act as a global currency as compared to Pakistan.
After World War 1 and World War 2 the use of gold as a currency was stopped and a new system of Bretton Woods System was introduced in which the certain amount of gold was equal to the US Dollars. But still today gold in the present world is in the top class of all precious and valuable materials.
Banks in Pakistan are also offering gold reserve accounts.

The current money rate in Pakistan are facing down fall. The crisis is moving fast in our country as compared to other world. The government is nowhere found in doing any thing for improving the currency (Money) Rates. Daily consumer products are now very difficult to be purchased by a common man. Prices exceeds and now living in this country is like impossible. Around 75% of peoples don't have a better food to eat. I accepts that it is also because of global recession but as we look in our neighbors like China & India They have better currency rate or money rate we can say.

Indian currency is now 2:1 ratio with Pakistani rupee and if our behavior & our government behavior will remain same then it can be 20:1 ratio in the future. We should call a round conferince with the bussiness icons & Finacial advisors of our country & decide what we need to recover our currency rate & bring back the prosperity of our country also.

Quotes in a banking marketplace can be a bit treacherous given any upon all sides we take in a marketplace is essentially dual conflicting positions.