Author Topic: A New World currency unit?  (Read 1278 times)

Offline kiteflyer

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A New World currency unit?
« on: June 01, 2010, 04:03:57 PM »

 
      A derivative of 20 different currencies (Is) starting to become more prevalent in Trading between nations. So I wonder if the little guy can get in and play the paper game too?

           kiteflyer

       http://www.financialpost.com/story.html?id=3086360

       http://www.wdxinstitute.org/wdx/faqs.php?faqid=0


       The WDX Organisation is not including gold in its basket. Gold may be priced in Wocu and this allows the markets to see the price of gold marked to a less volatile yardstick. The Wocu may be a valuable contribution to the pricing of gold, a volatile instrument in a class of its own. Opinions will continue to form and change as to whether gold is the best way of storing value

Offline kiteflyer

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Re: A New World currency unit?
« Reply #1 on: June 01, 2010, 04:36:36 PM »

        Found this little tibit on their site! Does anyone know what these soothsayers of wealth do? My summation is they chase units of digits on their super computers and trade on inside information in nanoseconds!  ;D They call it Benchmarking!  :D

                 kiteflyer

            Solve Wicked Problems?

      http://www.zyen.com/what-we-do/benchmarking/corporate-treasuries.html