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About trading gold futures options vs. contracts

About trading gold futures options vs. contracts

Finance
Gold futures options are a form of investing in gold. With gold futures trading, an investor trades gold futures contracts or gold futures options as commodities. Ever since the first gold futures contract was offered by the Winnipeg Commodity Exchange in 1972, futures trading has played a role in the gold market. The very first exchange-mediated gold futures options, which are options to buy or sell futures contracts, were offered in 1982 by COMEX. Gold futures are traded at two primary global exchanges: Commodity Exchange, Inc (COMEX) in New York, and the Tokyo Commodity Exchange (TOCOM) in Tokyo. How Gold Futures Options Work With gold futures contracts, investors contract to buy or sell gold at a certain quantity for a specific, pre-set price at a planned future date. Gold fu...
What are Guaranteed Acceptance Credit Cards

What are Guaranteed Acceptance Credit Cards

Finance
Acceptance Credit Cards are like any other but they come without the same application criteria. A card issuer that markets a guaranteed card generally offers pre-approval for acceptance. This may be useful for people that would otherwise find it hard to take out a card or for those that would prefer not to have to go through a credit checking process such as those with bad credit or no credit. What Types of Credit Cards Come Pre Approved? Actual products on offer in this sector depend on the individual card issuers. Some give out their guaranteed acceptance offers for: Standard unsecured credit cards. Secured card products. Prepaid cards. Some card issuers offer a single type of pre approved product; others may offer a few different types. Why do People Use Guaranteed ...
Fixed rate mortgages vs tracker mortgages

Fixed rate mortgages vs tracker mortgages

Finance
Fixed rate mortgages and tracker mortgages are the most popular loans on the market. Whilst all borrowers seek the best mortgage rate, there remains a lot of guesswork regarding which one is right. If economists can't agree on the direction of interest rates, what chance does a layman have? Are Fixed Rate Mortgages or Tracker Mortgages More Popular? Fixing a rate at a high level can be frustrating when interest rates start to come down. Similarly, tracker rates can prove expensive when interest rates start to climb to combat inflationary pressure. Which type of loan is preferred by borrowers? Data provided by the Council of Mortgage Lenders show that fixed rate mortgages account for 70% of all loans taken out in Britain. This demonstrates that homeowners prefer certainty. They...
Pros and cons of senior life settlement

Pros and cons of senior life settlement

Finance
Many seniors will consider a life insurance settlement deal as they get older. For some, this is an easy way to raise a cash lump sum to use in retirement and to get rid of an unwanted policy. Others may prefer/need to keep their coverage in place as part of their estate planning. What are the benefits and downsides of selling life insurance as a senior settlement? The Advantages of Senior Life Settlements Senior life settlements allow individuals to sell life insurance to a third party for a cash payment. Whether this is a good idea or not comes down to the preferences and circumstances of the individual. This may, for example, work well for those that: Are paying for life insurance coverage that they no longer actually need (i.e. they have no remaining debts to cover, they h...
Personal finance strategy in making money on currency exchange

Personal finance strategy in making money on currency exchange

Finance
Personal finance strategy - People typically perform currency exchanges to get funds they can use in a country they visit, but it is possible to make personal wealth off currency conversion. Success is based on the two countries' economic conditions and varies when those conditions change unexpectedly. With respect to personal finance strategy the key is to exchange your currency at the right time. When performing a currency conversion you typically do not face much of a risk to lose much money as currency conversion is a slow growth or decline investment medium. Watch Exchange Rate According to personal finance strategy expert, monitor the exchange rate between the two currencies you want to trade. If one country's economy is performing well, the exchange rate moves up in that count...
How to clear college student loan debt

How to clear college student loan debt

Finance
The golden rule of college student loan debt is to never default. Although an unsecured debt, it is notoriously difficult to write off and defaulting on a student loan will leave fewer options. Income based repayment plans, forbearance and deferring repayment will no longer be possible. Repaying student loans at an affordable rate is the best option when disposable income is limited. It isn't in anyone's interest to see the borrower default so a number of different forms of assistance and guidance are now available. Income Based College Student Loan Debt Repayment Since the 1 July 2009, it is possible to cap each monthly student loan repayment at a more affordable rate. Hard-up college graduates are now able to pay just 15% of the amount of income they make that exceeds the federal p...