Archive for the ‘Economy’ Category

Top ten most expensive cities

Top ten most expensive cities

Top ten most expensive cities

We all have the impression that we live in a very expensive city, but is it really true? Did you ever wonder which are the most expensive cities to live in? Now you can find the answer to these questions.

It’s not easy to make a top ten most expensive cities because there are many factors to take into consideration, but there some cities that are renowned for how much the everyday life costs.

The most important aspects considered include the average monthly rent in the city, the cost of eating out and the cost of transportation. (more…)

Where and when to invest your money

Where and when to invest your money

Where and when to invest your money

Taking a good look at the monthly budget it’s crucial for any rational individual before taking the decision to invest some money, even if it’s a small mount. If you want to invest you can do it staring from as low as $50, but remember that any investment is a risk so don’t invest any money you cannot afford to lose. To keep yourself away from this risky situation you start by analyzing your budget. Cut off any predictable costs, rates and savings money that you will deposit into a savings account. If you still have some money after these cuts, than you can start thinking about investing the remaining money. (more…)

Top ten states by gold reserves

Top ten states by gold reserves

Top ten states by gold reserves

Gold is considered a sign of wealth since ancient times. This metal is shiny and soft, and being so malleable was often used for state of the art jewelry and decorations. The gold was also used for a very long time in coinage.

Specialists estimate that the total volume of gold mined throughout the human history represents more than 150,000 tonnes.  More than half of the gold held worldwide is jewelry while 20% represents national reserves held in central banks. (more…)

Oil price rising again

Oil price rising again

Oil price rising again

In the last ten years the oil price fluctuated a lot. In 1999 during the Asian Financial Crisis doubled by increased oil production of Iraq, the oil price was set at one of the lowest points in history: $17 per barrel.

After that low point the price started to move constantly upwards. In early 2008 the oil price hit $100 and by July, in the same year the oil set a new record high of $147.27 per barrel. The geopolitical aspect consisting in international concern over Iranian missiles tests played a very important role in reaching this high value for a barrel of oil. (more…)

Zimbabwe, the state of hyperinflation

Zimbabwe, the state of hyperinflation

Zimbabwe, the state of hyperinflation

Located in southern Africa, Zimbabwe is a state famous for its economic problems. After a very good economic period during the 1980s and 1990s when Zimbabwe recorded strong economic growth each year, the country’s economic situation turned bad during the Congolese war.

The implication in the Congolese war between 1998 and 2002 had huge implications upon the Zimbabwean economy. The financial resources of the country were drained by the war and the country started to fall apart. (more…)