Gold is a precious meta Essay Example for Free

Gold is a precious meta Essay Gold is a precious metal and its price since its discovery is usually determined by the open market. However, a bench mark figure is set daily through a procedure referred to as gold fixing and this benchmark figure controls the gold industry thus the prices of gold. This gold fixing procedure was introduced in 1919 and it originated from London where it is still practiced even today. Gold is usually measured using grams and also by troy weights like all other metals considered precious. In the past, gold was being used as currency and this only ended with introduction of paper money. In 1968, the economic conditions which were prevailing led to the formation of a two-tier pricing scheme. Under this format, a standardized currency based on the gold value at that time was allowed to settle all international accounts while gold trade at the private market was being controlled by the market forces. This arrangement however ended in 1975 and gold started operating in a free market. This caused the price of gold to fluctuate with the price rising to $850 per ounce of gold in 1980 to as low as $252 in 1999. The historic prices of gold have been known to fluctuate greatly although a benchmark figure is set to ensure that the price do not exceed the upper and lower limits. Before the collapse of the gold standard in the 1970s, the price of gold was highly influence by the United States dollar since the dollar was pegged on the gold (GOLDPRICE. ORG, Para 1-5). This research paper will evaluate the impacts that the current recession may have on the prices of gold, the differences between government and gold investment, the causes of gold fluctuations as well as the effects that gold fluctuations may have on the present value of money. Impact of recession on gold prices One of the questions which are being frequently asked today is what would happen to the prices of gold as a result of the recession or depression being experienced in United States. A research conducted by the world gold council aimed at comparing gold performance during the recessionary periods. However, it has been established that gold prices are not affected by the global recession. During recessionary periods, the must be losers and winners based on the terms used in evaluating asset performance. Fixed income assets like gold tend to win during such periods while cyclical stocks lose. An analysis on correlation and regression carried out during a recessionary period in the United States showed that there is no possible relationship between the growths of the country’s GDP and the gold price changes. As such, a recession does not impact negatively to the prices of gold. This underpins the role of gold as a diversifying asset especially in times of recession and also outlines the forces that control gold prices. The recession unlike it was widely believed has had positive impact for gold prices despite the decline in the dollar strength (Connell, Para 2-4). Due to the recessionary period being experienced in most parts of the world, more people have turned to gold investment thus making the present value of money to decrease. An increase in gold trading would lead to an increase in the gold prices thus purchasing the same value of gold for more money. This would mean that the value of money would have gone down. On the other hand, a decrease in the volume of gold would lead to and increase in the present value of money (Potter, Para 4-5). Gold investment versus government investment There is a heated debate on what form of investment is more viable and beneficial between gold investment and investing in government securities or bonds. Both of these two investment options have their advantages and disadvantages. Gold investment is recognized as one of the best investment since it offers solid investment. As noted above, gold prices are not adversely affected by the recessionary periods meaning gold can still maintain value of investment even when there are economic crisis in a country. The fact that gold prices are not negatively influenced by recession makes gold investment more attractive than investing in government bonds especially in times of economic crisis (Willink, Para 2). However, gold investment is a risky investment especially for a person who is not an expert in the gold field. Also, some forms of gold can be confiscated by the government in times of war leading to big losses. Government bonds on the other hand amounts to lending to the government which is usually done at a fixed rate of interest. The bonds are considered to be risk free and also repayment is guaranteed. This form of an investment does not yield higher returns to the investor making it less desirable. Due to the improvement of technology and globalization, investing in gold is becoming risky as they are chances of being cheated. Gold is also very costly and the returns may not be good especially due to the form of market in which gold operates. As such, investing in government bonds would be more effective since the risk involved is minimal and returns are guaranteed (Willink, Para 3-6). Causes of gold price fluctuations Gold prices are regulated by the market forces and as such they are subjected to the law of demand and supply which explains the gold prices fluctuations. During inflationary periods, people buy more gold for investment since it is not affected by inflations. This leads to an increase in gold demand thus the prices. On the other hand, people sell their gold investment during the boom period making the price of gold to decrease. Demand and supply forces are major contributors to the fluctuation of gold price. Another possible cause of gold price fluctuation is the exploration cost of gold and also the cost involved in developing gold to make the needed products such as jewelry. When exploration and manufacturing cost increase, the price of gold and gold products also increase and vice versa. Fluctuations in the paper currency may also affect or lead to price fluctuation of gold. When paper money loses value or individuals lose faith in a country’s currency, the demand for gold increases leading to price surge (Jackson, Para 1-4). Conclusion Gold trading is one of the oldest forms of trade in the world. In the ancient times, gold was being used as a means of exchange and was used as a standard that was being used in the international markets. During the gold standard, the dollar was pegged on gold and was used to ensure equitability and measurability. However, after the collapse of the gold standard, gold prices were left to be determined by the free market which has led to the fluctuations being experienced in the gold market. Unlike in the past, more people are turning to gold investment mainly due to its resistance to global market fluctuations and economic crisis. However, gold investment is one of the most risky and also lucrative investments as it may lead to huge losses or huge profits. Investing in this market also requires experts due to the complexity and instability of this market. Reference: Connell, Rhona: What does a US recession imply for the gold price? (2008). Retrieved on 16th March 2009 from, http://www. ibtimes. com/articles/20080604/what-does-a-us-recession-imply-for. htm. GOLDPRICE. ORG: Gold Price History. Retrieved on 16th March 2009 from, http://www. goldprice. org/gold-price-history. html. Jackson, Dave: Why Gold Prices Fluctuate. Retrieved on 16th March 2009 from, http://ezinearticles. com/? Why-Gold-Prices-Fluctuateid=720555. Potter, Christopher K. : Gold Money. (2007). Retrieved on 16th March 2009 from, http://news. goldseek. com/GoldSeek/1194370818. php Willink, Andrew: Alternative Investment Round-up. (2008). Retrieved on 16th March 2009 from, http://www. ratecity. com. au/savings-accounts/info/alternative-investment-round-up/.

Chaucer’s Use of Clothing: an Effective Rhetorical Device Essay

Chaucer’s Use of Clothing: an Effective Rhetorical Device In Literature, as in real life, characters are sometimes judged by their appearance. The description of clothing provides detail and comment on those wearing them. Chaucer’s uses of artifice in The Canterbury Tales function as gauges of the social status and economic wealth, and emotional condition of each pilgrim. Artifice effectively provides a badge of humanity, symbolic of each character’s fallibility. Yet clothing simultaneously imposes upon the characters literary stereotypes, which they consequentially adopt. Unable to transcend these ascribed roles, the pilgrims sometimes find themselves bound by literary stereotypes and narrative function, which they tend to fulfill rather than reject. Although Chaucer’s Canterbury Tales transcend a Romantic stereotype, his characters often do not. They find themselves bound to the conventions of Romance, as they are bound by the clothes that define them. Chaucer’s materialistic focus enhances this metaphor and d econstructs the purism of Christianity throughout their physical journey. This aspect of characterization functions to illuminate the meanings inherent in the costumes of the secular pilgrims, revealing the extent of their conformity, through their dress, to 14th century social, political, and religious norms. The General Prologue provides a great deal of information regarding the Knight’s appearance. The Knight entitled by rank to wear the finest of garments and clothes, is dressed in armor that is shabby, rusty, and possibly useless. The fact that he humbly adorns the uncomfortable suit, and even carries his bloodstained sword, indicates the knight’s sense of honor and tradition, but also shows the means by which... ...ce his own disapproval. His criticism is apparent, yet he doesn’t make harsh or subjective judgments. Instead, Chaucer simply describes what each character looks like physically and what they’re doing; and then leaves the reader to question what the character should be, compared to what they are. Chaucer explicitly chose to describe the pilgrims and make them the focal point of the entire pilgrimage, as opposed to the journey itself. Further, the minimal presence of beneficial divine intervention emphasizes the significance of each characters’ decisions (as they apply to their own ascribed roles). Materialistic metaphor functions to convey these roles, and ultimately evaluates each pilgrim. Consequentially, Chaucer’s Canterbury Tales provides clarification of his sociological perspective on Romanticism, through the observation of humanity’s adherence to moral norms. Chaucer’s Use of Clothing: an Effective Rhetorical Device Essay Chaucer’s Use of Clothing: an Effective Rhetorical Device In Literature, as in real life, characters are sometimes judged by their appearance. The description of clothing provides detail and comment on those wearing them. Chaucer’s uses of artifice in The Canterbury Tales function as gauges of the social status and economic wealth, and emotional condition of each pilgrim. Artifice effectively provides a badge of humanity, symbolic of each character’s fallibility. Yet clothing simultaneously imposes upon the characters literary stereotypes, which they consequentially adopt. Unable to transcend these ascribed roles, the pilgrims sometimes find themselves bound by literary stereotypes and narrative function, which they tend to fulfill rather than reject. Although Chaucer’s Canterbury Tales transcend a Romantic stereotype, his characters often do not. They find themselves bound to the conventions of Romance, as they are bound by the clothes that define them. Chaucer’s materialistic focus enhances this metaphor and d econstructs the purism of Christianity throughout their physical journey. This aspect of characterization functions to illuminate the meanings inherent in the costumes of the secular pilgrims, revealing the extent of their conformity, through their dress, to 14th century social, political, and religious norms. The General Prologue provides a great deal of information regarding the Knight’s appearance. The Knight entitled by rank to wear the finest of garments and clothes, is dressed in armor that is shabby, rusty, and possibly useless. The fact that he humbly adorns the uncomfortable suit, and even carries his bloodstained sword, indicates the knight’s sense of honor and tradition, but also shows the means by which... ...ce his own disapproval. His criticism is apparent, yet he doesn’t make harsh or subjective judgments. Instead, Chaucer simply describes what each character looks like physically and what they’re doing; and then leaves the reader to question what the character should be, compared to what they are. Chaucer explicitly chose to describe the pilgrims and make them the focal point of the entire pilgrimage, as opposed to the journey itself. Further, the minimal presence of beneficial divine intervention emphasizes the significance of each characters’ decisions (as they apply to their own ascribed roles). Materialistic metaphor functions to convey these roles, and ultimately evaluates each pilgrim. Consequentially, Chaucer’s Canterbury Tales provides clarification of his sociological perspective on Romanticism, through the observation of humanity’s adherence to moral norms.

Lactose Intolerance

An inability to digest lactose and foods containing it is called lactose intolerance (milk intolerance, lactase deficiency or dairy product intolerance). Lactose is the main sugar of Milk and milk products. An enzyme called lactase is found in the interstitial cells of small intestine. Lactase acts on lactose to break down it into simpler forms, glucose and galactose. In simpler forms sugar is easily absorbed from the walls of intestine into the blood arteries. This disease is caused due to the abnormal functioning of digestive system. Due to the deficiency of the enzyme lactase, lactose remains indigestable and hence a person may suffer a discomfort after ingesting milk or dairy product, swelling in the stomach, mild to severe diarrhea, nausea, cramps, or gas problem and bloating. Symptoms may appear immediately or any time after 2 hrs of ingestion of milk or dairy products. Tolerance in a person depends on physiological factors In primary lactase deficiency lactase is produced in too small amount that the person is unaware of this deficiency till he reaches an older age. Secondary lactase deficiency results from injury to the small intestine done due to some other diseases like Crohn’s diseases and inflammatory bowel diseases. Primary lactase deficiency is found to be linked to genetic malfunctioning. Different tests are used by the doctor to identify this deficiency. For example, stool acidity test, hydrogen breath test and lactose tolerance test. There is no specific treatment for this disease. However, symptoms can be monitored and controlled by providing preventive diet. A specific diet lacking lactose is given to the patient in order to avoid occurrence of the symptoms. Using certain medicines and drops for the digestion of lactose helps a lot. The patient may start calcium supplements as an alternative for dairy products. References http://digestive.niddk.nih.gov/ddiseases/pubs/lactoseintolerance/ Â  

The Issue Of Gun Control - 875 Words

[There should only be three gun per house hold ]: [Subtitle] First I think Molly Ivins is wrong when she say get rid of guns. What she don’t realize there will still be violence in the united states of America gun are not the problem the people that own the gun is the problem. Secondly some people buy gun to fell safe just think about a woman that has three kids and she live on her on what should she go out and buy the protect her family and make sure that they are safe. Third people love gun because guns make people think twice about breaking into there house are bothering the person who own a gun When she say get a knife, Get a Dog, But get rid of guns. Fourth at the same time she should do more research because dog kill people and knife kill people to so I don’t get where she is try to go with that. I just think gun are not the biggest issues violence is the biggest issues because if you take gun always people will still find something to replace the gun. The Second Amendment to the Constitution, which concerns the right to bear arms. I believe in the second amendment, but I think they should add information to the second amendment to aloud no more than three guns per household. That should be enough for one household to keep there family safe and out of harm s way. Most Americans may argue against the three gun per household some will say that they need more gun in there house.Many American love the second amendment because it gives them the right to buy as manyShow MoreRelatedGun Issue And Gun Control1401 Words   |  6 PagesUniversity, Gun Politics has been a course I have aspired to take. While many enroll in such a course looking for an escape from the â€Å"collegiate liberal echo chamber† or as an outlet for their conservative agendas, I saw the class as an â€Å"entrance to the dark side.† My views on guns prior to the class were, I would call, polarized yet uninformed. 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Firearm can be used as defending or an assaulting weapon. In United States, firearm increase the rate of homicide, suicide and gun violence, which can harm and murder people. Moreover, taking away people’s gun will not work effectively because the murder and criminal will find another ways to get guns. Also, the black market will appear for the people who cannot get guns from regulated market s. In addition, if regulated guns are banned, murderers may useRead MoreThe Issue Of Gun Control1678 Words   |  7 PagesJanuary 2014 The 2nd Amendment Over the past few years, the issue of gun control has been widely discussed. You surely have heard the phrase, â€Å"Guns don’t kill people, people kill people† uttered and i wholeheartedly support this statement. It is important to treat guns responsibly so they do not end up in the wrong hands. I believe gun control violates our inalienable rights. Another piece of our liberty will surely be taken away if guns are banned, and socialism and totalitarianism will be rightRead MoreThe Issue Of Gun Control1208 Words   |  5 PagesWill Christopherson Traverson English 2 1 March 2017 Gun Control The United States has 88.8 guns per 100 people, or about 270,000,000 guns, which is the highest total and per capita number across the globe. The current public gun control debate in the United States seems to be placed on standby until it is sparked up by a major mass shooting. There were at least 126 mass shootings between January 2000 and July 2014.(pro). Opponents of more gun laws accuse supporters of using a horrific event to further