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Why Did South Koreans Give Up Their Gold in 1998?

The Republic of Korea is an East Asian country that occupies the southern half of the Korean Peninsula and shares a land border with North Korea. The Yellow Sea forms its western border, while the Sea of Japan forms its eastern border. The country has a population of 51 million people. Roughly half of them …

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Did Warren Buffett Win a Bet with Hedge Funds?

Warren Buffett always viewed hedge funds as an industry that charged excessive fees for low performance. With that, Buffett set a decade-long bet against Protégé Partners LLC that their select hedge funds wouldn’t outperform the S&P 500, standing firm with his belief that there was no doubt that he would win.  In 2007, Warren Buffett …

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It was illegal for Americans to own gold (except for some jewelry and collectors coins) between 1933 and 1975.

Gold Reserve Act The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. It also prohibited the Treasury and financial institutions from redeeming dollar bills for gold, …

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Studies done by online stockbrokers where they analyse the results achieved by their clients found that the ones that did the best were those that had died (and the category that did second best had forgotten their log in details).

The Best Investors Literally Forget About Their Portfolios “Set and forget” investing isn’t sexy, but it works. In fact, lazy investing is so effective, a study from Fidelity found that the best performing investors had either forgotten about their accounts or even crazier—they were dead. Fidelity reportedly conducted an internal study—a performance review of accounts …

Studies done by online stockbrokers where they analyse the results achieved by their clients found that the ones that did the best were those that had died (and the category that did second best had forgotten their log in details). Read More »

In 2018, World of Warcraft’s virtual gold was 7 times more valuable than Venezuela’s currency

‘World of Warcraft’s’ virtual gold is seven times more valuable than Venezuela’s real money (CNN)How worthless is the bolivar, Venezuela’s currency? You’d be better off investing in fictional currency from a video game. The virtual gold in “World of Warcraft,” the online role-playing game, is now almost seven times more valuable than real cash from …

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900 year old African coins were found of the coast of Australia, making them the oldest foreign artefacts found on the continent, predating the Europeans by centuries.

Unravelling the mystery of Arnhem Land’s ancient African coins An AG Society-sponsored expedition set out in July 2013 to solve the mystery of 12th Century coins found in the NT. Image credit: Courtesy Powerhouse Museum MYSTERY AND MAGIC still inhabit the wild places. Few are wilder than the Northern Territory’s Wessel Islands, which arch out …

900 year old African coins were found of the coast of Australia, making them the oldest foreign artefacts found on the continent, predating the Europeans by centuries. Read More »