Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting Check out all my courses at this link: learn.harounventures.com/
Currency 💵 power is based on resources is one explanation… but i think sell and buy trade if supply and demand makes more sense… Petro dollar 💵 is an example of resource backing money 💰, but market trade and goods also back dollar 💵 policy politics too
Gold has value because: it's one of the least reactive metals, meaning it won't erode away naturally, this makes it very easy to store and transport. Therefore making people trust it, giving it value and using it as a tool to store value for the long-term. It's a useful tool for the market so why shouldn't it hold value? Even if the market collapses completely, gold loses none of the traits that gave it value in the first place. This is also why platinum, palladium and silver are valuable. But gold is pretty so we see it as above all the others, in the same way we see butterflies as above moths.
How do any of the countries in the example value their copper or aluminum?... For example Canada has 100 tons of copper... n let's say it has 1000 CADs printed. How does it value a 1 ton of copper now? Furthermore. Isn't it more accurate to say that the price of copper in canada is what goes up instead of the value of CAD?
I'm not 100% sure and i will probably be wrong but i think i have an explanation. So the value of copper or oil or anything like that is similar to the general market. It's due to the equilibrium of Supply & Demand. (When suppliers, sellers, producers set a price then customers set a price then the 2 comes to an agreement). They have a set price, if the supplier sells it too expensive no one would buy. If they sell too little, they won't make profits. Customers are the same. So that is the value of the coppers. If other countries want to buy canadian copper, they need to sell their currency and buy your currency and with that canadian currency value will rise. If i were wrong then help me fix it. I could learn from it too!
@@_UxairSo according to my understanding. The relation between interest rate and currency fluctuation is *the higher the interest rate is the more people are willing to invest in your country which they need to exchange to your country's currency (sell their currency to buy your currency) which increase the value of your currency. (because they demand more which increase the price) ***So the interest rate ↗️, your currency ↗️ I hope you 2 could understand that. If i'm wrong then feel free to fix it for me. I could learn from my mistakes too!
Frequency of stock and currency meeting make short or long run rate of exchange and the contrast of economic activities among big economies make over or under estimate needs or want in supply then disruption in transportation or fuel price can change sudden move out of balance and spiral down is devastating
In 1980 they promised us if we would buy dinars. It would be only five years and we would be very wealthy that they would revalue and we would get a fortune I thought to myself even if I get a few thousand dollars it’ll be better than nothing so I’ll try it , through all the decades, all the ebbs and woes, this is March 23rd 2025 still nothing
I've a question for example if a nation's currency is backed by gold or silver but it trades with other nations who are not backed by gold or silver , what are the consequences?
What caused the currency to rise or fall? -> supply and demand. If you demand a certain country's currency then the value of that country's currency rises. For example: Indonesia, you (from US) want to buy goods from Indonesia, the demand of Indonesian currency increase which make the currency rises in value. For currency value decrease, i honestly haven't grasped all of them but imagine this. ->You are Japan, and you want people to invest in Japan. You want people to buy stuffs from Japan. Then you have to decrease the value of Yen. ($1 ≈ ¥120 but decrease to $1 ≈ ¥140, this is not accurate but a presentation), when your currency gets cheaper, people will buy stuffs from your country, people will go on a vacation in your country more which drives economy more. But this is a paradox from what i've learned, this could mean stuffs are more expensive to import or to buy in general from other countries. I hope this is easier to understand, if anyone wants to help me understand more then it will be beneficial for everyone so please go ahead and fix the errors from my explanations.
Person A sells potatoes and Person B sells carrots. They want to exchange goods. Person A needs 10 carrots while person B needs 5 potatoes. Therefore they agree on exchanging 1 potato for 2 carrots. Also if there are too many potatos on the market from different sellers (money printing and distributing that money) the price will fall
I believe I am very wealthy. My children are a constant source of joy and pride. I have a wife who is also my best friend. I have parents who taught me about the importance of education and hard work. I have friends and neighbours I can count on. I have work that stimulates me and allows me to grow and learn, while contributing value. I have good health, physically and mentally. I am truly grateful and thankful for what I have in my life. So yes, I believe I am very wealthy indeed!
As usual Christ, your Commentaries, are Informational, insightful and historical .knowledge concerning the countries That have natural resources. China really study the economic markets! I remember when my grandfather spoke on the importance of Gold. Back in the 1960's Thanks for sharing 🙂
Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting
Check out all my courses at this link: learn.harounventures.com/
Currency 💵 power is based on resources is one explanation… but i think sell and buy trade if supply and demand makes more sense… Petro dollar 💵 is an example of resource backing money 💰, but market trade and goods also back dollar 💵 policy politics too
apologies if naive:
is gold completely arbitrary then? it only works because we believe it works/holds value?
Gold has value because: it's one of the least reactive metals, meaning it won't erode away naturally, this makes it very easy to store and transport. Therefore making people trust it, giving it value and using it as a tool to store value for the long-term. It's a useful tool for the market so why shouldn't it hold value? Even if the market collapses completely, gold loses none of the traits that gave it value in the first place. This is also why platinum, palladium and silver are valuable. But gold is pretty so we see it as above all the others, in the same way we see butterflies as above moths.
What color seal do you have ????A seal for food or a seal for wealth?????
thank you for helping understang why the dolar goes up or down
How do any of the countries in the example value their copper or aluminum?... For example Canada has 100 tons of copper... n let's say it has 1000 CADs printed. How does it value a 1 ton of copper now? Furthermore. Isn't it more accurate to say that the price of copper in canada is what goes up instead of the value of CAD?
I'm not 100% sure and i will probably be wrong but i think i have an explanation.
So the value of copper or oil or anything like that is similar to the general market. It's due to the equilibrium of Supply & Demand. (When suppliers, sellers, producers set a price then customers set a price then the 2 comes to an agreement). They have a set price, if the supplier sells it too expensive no one would buy. If they sell too little, they won't make profits. Customers are the same.
So that is the value of the coppers. If other countries want to buy canadian copper, they need to sell their currency and buy your currency and with that canadian currency value will rise.
If i were wrong then help me fix it. I could learn from it too!
I understood until 2:22. then it got too confusing lol
Same situation with me right now
@@_UxairSo according to my understanding.
The relation between interest rate and currency fluctuation is *the higher the interest rate is the more people are willing to invest in your country which they need to exchange to your country's currency (sell their currency to buy your currency) which increase the value of your currency. (because they demand more which increase the price)
***So the interest rate ↗️, your currency ↗️
I hope you 2 could understand that. If i'm wrong then feel free to fix it for me. I could learn from my mistakes too!
@@qmt1610 Got it, thanks for the explanation!
Simple answer, NIXON in 1971.
corruption is also another reason why currency fluctuate.
Dollar stabilities because infrastructure ensure the logistics is solid so less fluctuate
Thank you for an amazing explanation, i ve always wondered this ! Please keep educating
Frequency of stock and currency meeting make short or long run rate of exchange and the contrast of economic activities among big economies make over or under estimate needs or want in supply then disruption in transportation or fuel price can change sudden move out of balance and spiral down is devastating
very informative, thank you !
thanks for the review
Good video
Free food???or Profit????Seasonal wealth ?¿?Or recycled wealth????
great video. Big fan from Australia
Thank you from canada❤❤❤
In 1980 they promised us if we would buy dinars. It would be only five years and we would be very wealthy that they would revalue and we would get a fortune I thought to myself even if I get a few thousand dollars it’ll be better than nothing so I’ll try it , through all the decades, all the ebbs and woes, this is March 23rd 2025 still nothing
Who promised u this granny ?
Perfect and straight to the point 👍
This is too complicated, better deal with gold
I've a question for example if a nation's currency is backed by gold or silver but it trades with other nations who are not backed by gold or silver , what are the consequences?
@@AlAk-bm8dy by goods
@@AlAk-bm8dy that kind of trades usually form small part compared to the overall enchange trade in your country, so it's impact is relatively low
No, finite quantities of gold cannot represent a virtually unlimited amount of investment
「目標を指定してお金が必要」、
Uh 🙄 that didn’t explain it 😂
What caused the currency to rise or fall?
-> supply and demand.
If you demand a certain country's currency then the value of that country's currency rises.
For example: Indonesia, you (from US) want to buy goods from Indonesia, the demand of Indonesian currency increase which make the currency rises in value.
For currency value decrease, i honestly haven't grasped all of them but imagine this.
->You are Japan, and you want people to invest in Japan. You want people to buy stuffs from Japan. Then you have to decrease the value of Yen. ($1 ≈ ¥120 but decrease to $1 ≈ ¥140, this is not accurate but a presentation), when your currency gets cheaper, people will buy stuffs from your country, people will go on a vacation in your country more which drives economy more. But this is a paradox from what i've learned, this could mean stuffs are more expensive to import or to buy in general from other countries.
I hope this is easier to understand, if anyone wants to help me understand more then it will be beneficial for everyone so please go ahead and fix the errors from my explanations.
Person A sells potatoes and Person B sells carrots. They want to exchange goods. Person A needs 10 carrots while person B needs 5 potatoes. Therefore they agree on exchanging 1 potato for 2 carrots. Also if there are too many potatos on the market from different sellers (money printing and distributing that money) the price will fall
@@qmt1610why is 1 dollar equal to 120 yen but not 10 yen . Why such a big difference ?
Yes it did.
@@qmt1610this is golden thank you
Thank u
Yes.... But how wealthy are you Sir ?
I believe I am very wealthy.
My children are a constant source of joy and pride. I have a wife who is also my best friend.
I have parents who taught me about the importance of education and hard work. I have friends and neighbours I can count on.
I have work that stimulates me and allows me to grow and learn, while contributing value.
I have good health, physically and mentally.
I am truly grateful and thankful for what I have in my life.
So yes, I believe I am very wealthy indeed!
As usual Christ, your Commentaries, are Informational, insightful and historical .knowledge concerning the countries
That have natural resources. China really study the economic markets!
I remember when my grandfather spoke on the importance of Gold.
Back in the 1960's
Thanks for sharing 🙂
HI good
European Central Bank
Only central government LOW INDIAN OCEAN.
DAR AL KHILEG news paper
You have
this is AI
「目標を指定してお金が必要」、