Everything you need to know about insurance

Insurance is an agreement between two parties (insurer and insured) in which the insurer (usually an insurance company) agrees to indemnify the insured for clearly defined losses.  The company does this in compensation for the regular paying of insurance premiums. In essence, it is a method of transferring the risk of an individual to a larger group (the group of all those who pay premiums to the insurer).

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The purchase and the gold price

Gold price tends to increase when the economy is in crisis or when  there are worries about inflation and the economic and monetary collapse, but when the economy progresses, the price of gold, silver and other raw materials is decreasing. The gold price is being monitored with special attention in the global market. Next to their brand values, gold is also a currency. Gold price can be as high as the customer is willing to pay for gold. Through the history, gold was used as money and also was a relative standard for currency value of certain economic regions or countries.

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