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A yield elbow is the point on the yield curve indicating the year in which the economy had the highest interest rate. It is the graphical relationship between the yield and maturity of bonds with various maturities and the same credit quality, at a specific point in time.

Liquid asset is an asset that can be turned in cash extremely fast. Usually liquid assets take no hits in price as everything happens to quickly for the price to change significantly. The most liquid market if currencies’ market.

Simply put, silver standard is a monetary arrangement where national currency can be converted into a certain amount of silver. With this system exchange rate is basically the difference between the amount of silver behind each of the currency. It was popular pre-20^th century.

Gain is an increase in value of the asset. Gains can occur when the initial selling price is higher than the purchasing one. Gross gain in its turn is refers to the positive difference between the sale price and the purchase price.

Financial advisor is a hired person who can provide financial guidance for virtually a member of any society and any profession. The can advise on retirement questions, financial possibilities and products as well as real estate and savings management.