Philippines, well, they’re the Philippines, with names like Ari and Eve and Kirsten and Denny and… Meghan. Meghan.
While so much of your shopping is going online these days, a great many of your friends aren’t, and they like getting their bits of shiny plastic-wrapped in returnable packaging, as a way of giving and receiving with the fellow Philippines.
They’re often willing to do their utmost to play along with your efforts at communicating. In fact, that’s why they’re the Philippines: they really do love the material and do it so well that they’ll brave the drive and the rain to purchase gold, silver, and platinum check the gold price, But Why?
1. They’re shiny
Gold is shiny. It really is. While some will debate whether you should really buy it at the price that many companies offer, there can be no denying that gold really is shiny.
2. You can wear it
It’s pretty universally agreed that you can wear gold. Yes, it’s a bit of a statement to wear an object that’s being bought on behalf of a central bank, but you don’t want to be a Philippine without a personal statement.
3. Not everyone’s into the real thing
While gold does appear a bit dense, when a Philippine wear their gold, it’s very tactile, smooth, and warm to the touch.
In fact, it’s often referred to as the ‘purest metal in the world’, so they know that it’ll be pure, and the gold sellers know that it’ll be true to their word, so they can get away with it.
4. It’s a signal of your wealth
Of course, the fact that you have a relatively large amount of cash sitting in a vault somewhere is really quite telling, and makes you a good candidate for buying gold, because you’re both aware that you have a lot of it, and also the ability to use it to buy bits of shiny 18k gold rate.
5. Your closest friends can tell you a thing or two about the gold market
It’s a pretty rare thing to find somebody who knows a whole lot about gold – especially when it comes to local spot markets in Asian and Middle Eastern currencies, rather than just on an internet forum – but the right person in your life can tell you a lot.
Answering this question is quite tricky and depends on the particular purpose and the frame of reference of the listener.
Cryptocurrenciez like bitcoin is the easiest to explain because the argument for it revolves around financial value. Every day, people purchase goods and services using bitcoin as a payment method.
This activity drives the value of bitcoin to a certain degree, inversely proportional to the demand for bitcoin.
Additionally, the price of bitcoin is driven by speculation on its value. In order to protect against inflation, bitcoin’s supply is limited to 21 million.
There has been a substantial increase in the number of people and organizations using bitcoin in their daily life, with businesses offering goods and services online or by telephone and individuals using it to pay for goods and services. At the same time, it is likely that most of the current “user base” is comprised of just the loudest and most ardent fans of bitcoin who are not really using it as a means of payment and instead are betting on its value.