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Posts Tagged ‘Paper Money’

Paper Money Discriminates

Wednesday, June 15th, 2011

Close your eyes, reach into your wallet and try to distinguish between a $1 bill and a $5 bill. Impossible? It’s also discriminatory, a federal appeals court says.

Since all paper money feels pretty much the same, the government is denying blind people meaningful access to the currency, the U.S. Court of Appeals for the District of Columbia Circuit ruled Tuesday. The decision could force the Treasury Department to make bills of different sizes or print them with raised markings or other distinguishing features.

The American Council of the Blind sued for such changes, but the government has been fighting the case for about six years.

The U.S. acknowledges the current design hinders blind people, but it argues that they have adapted. Some rely on store clerks to help, some use credit cards and others fold certain corners to help distinguish between bills.

Some use electronic currency readers. But they can be expensive, and they sometimes have problems with new $20 bills.

.Reference resource: Click Here.

Gold and Silver – The New Currency?

Monday, July 5th, 2010

Today we have so many investing options in our hand such as investing in real estate that can get you good returns in the future or investing in fixed deposits where you are assured of returns at a specific rate of interest. But have you ever thought if investing your hard earned money in gold and silver? Why not think of this option as it has a lot of added benefits?

Also remember that coins cannot be manufactured as currency. The currency value goes down as their quantity increase but the value of precious metals has always seen an upward trend. Another reason for investing in coins is that you have something to show as your wealth even in case of economic doom that many experts have predicted in the coming years. Coin collecting is definitely the safest forms of investing as there will always be demand and the prices have always shown an upward trend. Moreover both these assets have high liquidity. You can convert them into currency whenever you want.

We have one more good reason for investing in gold and silver and that is both these commodities are portable. You can take them anywhere around the globe as your collection and your wealth. You can’t always do the same thing with other forms of investment if you are moving to another country such as your house, deposits and shares. And you also have the ability to buy equivalent gold and silver equities which can help you to gear up your investment portfolio.

Today markets such as the Chinese and the Indian markets have the highest demand for coins and more and more people are rushing to buy equities and bullion. Research shows that more number of Chinese people starts investing and speculating, the move could spiral the prices of gold and silver to the third phase. Many countries like Germany have set up coin vending machines at airports where you can buy 1 gm of gold or 10 gm of silver and this step will increase the rush for demand of these commodities. The World Gold Council records an upward trend in demand of about 33% in the first three months of the current year. So isn’t this news encouraging?

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