Precious Metals


Precious metals are rare, naturally occurring metallic chemical element of high economic value, which is not radioactive. Chemically, the precious metals are less reactive than most elements, have high luster, are softer or more ductile, and have higher melting points than other metals. Historically, precious metals were important as currency is as investment and industrial commodities. Gold and silver are often as hedges against both inflation and economic downturn. The best- precious metals are the coinage metals gold and silver. While both have industrial uses, they are better for their uses in art, jewelry and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum are the most widely traded. The demand for precious metals is not only by their practical use, but also by their role as investments and a store of value. A metal is precious if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a "precious" metal can also be by high demand or market value. Precious metals in bulk form are as bullion, and trade on commodity markets. Bullion metals cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. Many nations mint bullion coins. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. For instance, Canada mints a gold bullion coin at a face value of $50 containing one troy ounce of gold. Bullion coins' minting by national governments gives them some numismatic value in addition to their bullion value, as well as certifying their purity. The level of purity varies from issue to issue. The level of 99.9% purity is common. The purest mass-produced bullion coins are in the Canadian Gold Maple Leaf series, which go up to 99.999% purity. Note that 100% pure bullion is not possible, as absolute purity in extracted and refined metals can only be asymptotical. Many bullion coins contain a stated quantity (such as one troy ounce) of the marginally impure alloy. In contrast, the Krugerrand is one of many historic and modern bullion coins of 22 Kt Crown gold, with a stated content (usually one troy ounce) of "fine gold"[clarification needed (define)], with the other component(s) of the alloy making the coin heavier than one ounce in total. Still more bullion coins state neither the purity nor the fine gold weight on the coin, but are recognized and consistent in their composition and many historically stated a denomination in currency (example: American Double Eagle). One of the largest bullion coins in the world is the 10,000-dollar Australian Gold Nugget coin minted in Australia, which consists of a full kilogram of 99.9% pure gold. There have been a small number of larger bullion coins, but they are impractical to handle and not produced in mass quantities. China has produced coins in very limited quantities (less than 20 pieces minted) that exceed 260 troy ounces (8 kg) of gold. Austria has minted a coin containing 31 kg of gold. As a stunt to publicize the 99.999% pure one-ounce Canadian Gold Maple Leaf series, in 2007 the Royal Canadian Mint made a 100 kg 99.999% gold coin, with a face value of $1 million, and now manufactures them to order, but at a substantial premium over the market value of the gold. Gold and silver are often as hedges against both inflation and economic downturn. Silver coins have become popular with collectors due to their relative affordability, and unlike most gold and platinum issues, which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value.

Poker Omaha

Omaha

According to Omaha Poker Rules, there are four betting rounds in a complete game - exactly the same as in Texas Holdem Poker. In Omaha Holden, the dealer deals each player their own four private cards face-down.

Each bet on the first two rounds of betting is set at the lower limit of the stakes structure. For example in a $5/$10 game, all bets and raises are $5 for the first two rounds (after private cards are dealt and once the flop is spread in center of table).

The last two rounds of betting (turn card and river) are set at the higher limit of the stakes structure. For example in a $5/$10 game, all bets and raises are $10 for the last two rounds.

One bet plus three raises (four total bets) are the maximum amount of bets allowed per betting round. This would consist of (1) a bet, (2) a raise, (3) a re-raise, and (4) a cap. The term cap is used to describe the 3rd raise in a round since betting is then capped and cannot be raised anymore. Once any player has made the third raise (capped the pot), then players will have only the option of calling or folding.

Check-raising is allowed in all online poker games.

Dealer Button

In order to designate which player is the theoretical dealer in Omaha high low poker games, a round disk is used. This disk is called the dealer button or simply "the button".
After each hand is completed, the button moves clockwise to the next active player and this player will be considered to be the dealer, and will act on their hand last on each betting round. This is also termed playing the button for that game.

Blinds
The player to the left of the button is first to receive a card and is required to post a small blind. The small blind is equal to half the lower limit bet rounded down to the nearest dollar. The player to the left of the small blind is required to post the big blind. The big blind is equal to the lower limit bet. These bets are referred to as blinds because players must post them before the dealer deals any cards to the players. These blinds are similar to the ante that is required in other games such as 7-Card Stud.

Omaha Poker Rules specify that both the small and the big blinds are considered live bets. They have the option of checking, calling, raising or folding when the betting action comes back around to their position. After the flop and after each subsequent betting round, the first active player left of the button is first to act.

When players first sit down to play, they will be required to post the equivalent of the big blind only once or they have the option to "sit out" until it is their natural turn to post the big blind. This rule is in place to ensure game fairness to all players, as it prevents the possibility of players entering games in late position and then leaving before they are required to post the big blind.

HOW TO PLAY
The dealer deals each player their own four private cards face-down.


First betting round

The dealer spreads three community boardcards face-up on the table. This is commonly called "the flop".


Second betting round

The dealer turns over a fourth boardcard face-up commonly called "the turn card".


Third betting round

The dealer turns over one final community boardcard commonly called "the river card".


Final betting round

Players show their hands. This is commonly called "the showdown".


When players show their hands, they MUST use exactly: two of their private cards plus three of the five board cards.

Billabong

Billabong is a mixed version of Manila. Each player is dealt two down cards and one upward. Low upward starts the betting with a Bring-in if you are playing with one, otherwise high card starts the betting. Next, two community cards are dealt, followed by a second betting round, beginning with the player with the best exposed partial poker hand counting the community cards, as in Oxford stud. Then a third community card is dealt, followed by a third betting round. Finally a fourth community card is dealt, followed by a fourth betting round and showdown. Each player plays the best five-card hand he can make from the three in his hand plus the four on the board in any combination.

Shanghai is the same game with an extra hole card, but no more than two hole cards play. That is, the game begins with each player being dealt three down cards and one upward; each player must discard one of his hole cards at some point during the game as determined ahead of time. The most common variation is to discard immediately as in Pineapple; the second most common is to discard just before showdown as in Tahoe.

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American Quarter Horse

The American Quarter Horse is an American breed of horse that excels at sprinting short distances. Its name came from its ability to outdistance other breeds of horses in races of a quarter mile or less; some individuals have been clocked at speeds up to 55 mph (88.5 km/h). The American Quarter Horse is the most popular breed in the United States today, and the American Quarter Horse Association is the largest breed registry in the world, with more than 4 million American Quarter Horses registered.

The American Quarter Horse is well known both as a race horse and for its performance in rodeos, horse shows and as a working ranch horse. The compact body of the American Quarter Horse is well-suited to the intricate and speedy maneuvers required in reining, cutting, working cow horse, barrel racing, calf roping, and other western riding events, especially those involving live cattle. The American Quarter Horse is also shown in English disciplines, driving, and many other equestrian activities.

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