Tuesday, 29 November 2011
Digital gold currency
Digital gold currency
Digital gold currency (or DGC) is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand. The typical unit of account for such currency is the gold gram or the troy ounce, although other units such as the gold dinar are sometimes used. DGCs are backed by gold through unallocated or allocated gold storage.Digital gold currencies are issued by a number of companies, each of which provides a system that enables users to pay each other in units that hold the same value as gold bullion. These competing providers issue independent currency.
Gold ETF
Gold exchange-traded product
Gold exchange-traded products are exchange-traded funds (ETFs), closed-end funds (CEFs) and exchange-traded notes (ETNs) that aim to track the price of gold. Gold exchange-traded products are traded on the major stock exchanges including Zurich, Mumbai, London, Paris and New York.
As of 25 June 2010, physically backed funds held 2,062.6 tonnes of gold in total for private and institutional investors. Each gold ETF, ETN, and CEF has a different structure outlined in its prospectus. Some such instruments do not necessarily hold physical gold. For example, gold ETNs generally track the price of gold using derivatives.
Banjosa
Banjosa Lake
Rawalakot - Azad Kashmir
About 20Km from Rawalakot and at 1981m above sea-level is Banjosa. A very attractive site full of scenic beauty which also houses a small artificial lake with boating facilities. Accomodation is available through tourism authorities.
Saturday, 26 November 2011
Friday, 25 November 2011
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