Another state follow Kelantan : 'Gold bugs' have their way in Utah

Another state follows the Kelantan state adopting Gold and Silver as Legal tender. Suprisingly, the state is not in Malaysia, but in the land of the Capitalist US, UTAH.
Read more below .
Apprehension about the state of the U.S. economy in general and the dollar in particular prompted the state of Utah to recognize gold and silver coins as legal tender.The Wall Street Journal reports governor Gary Herbert signed the law late last month that is supported by "gold bugs," or supporters of wider acceptance of the precious metals as legal tender."The intent would be to see where a gold or silver coin is valued at its market value instead of its face value," according to Brad Galvez, a Republican state legislator who presented the bill. "This allows the people of Utah to protect their assets against what we're seeing in inflation and the devaluation of the dollar."But finance professor Steve Wyatt of the Miami University of Ohio said distrust for and suspicion of the U.S. central bank also influenced support for the legislation."What's really happening here is that this is the consequence of people becoming more concerned with extreme monetary expansion on the part of the Fed," said Wyatt of the Farmer School of Business.

Kejatuhan harga Emas : Kerugian ataupun satu peluang Keemasan?

Salam semua.

Ramai yang dah mula goyah hati melihatkan kejatuhan harga emas dalam 2 minggu ni.

Pada pandangan saya, kejatuhan harga ni adalah satu perkara yang normal dan biasa dalam pergerakan harga emas. Terlebih dahulu saya minta maaf kerana saya bukannya seorang ahli ekonomi atau ahli nujum. Kalo ahli nujum pon mungkin nujum pak belalang :).

Okeh mari kita tengok pergerakkan harga emas dari tahun 2005.

Kalo and perhatikan, harga paling rendah adalah pada bulan 1,2 dan harga paling tinggi adalah bulan 11,12 setiap tahun kecuali pada tahun 2008 (Kegawatan Ekonomi Global) dimana hanya pada tahun itu sahaja yang mencatatkan pertumbuhan negatif harga emas.

Kalo diteliti trend pergerakan harga emas setiap tahun, pada awal tahun harga emas adalah terendah, sehingga pertengahan tahun harga emas akan mendatar (kdg2 kayuhan naik perlahan) dan pada penghujung tahun harga emas akan memecut laju.

Ketika post ni ditulis, harga emas 1333USD/Oz berbanding harga tertinggi 2010 1420USD/Oz. Jadi disini anda dihidangkan satu peluang yang boleh saya katakan hanya datang setahun skali untuk anda mengaut keuntungan pada hujung tahun nanti .Dgn kiraan purata 30% kenaikkan dan harga awal tahun sekitar 1300 USD, harga emas boleh mencapai ~1700USD/Oz pada penghujung tahun nanti. Terpulang kpd anda untuk membuat keputusan.

2010 terendah (Feb) ~1050USD/Oz
tertinggi (Mar)~1420USD/Oz

anggaran % perbezaan tingi dan rendah 35.2%

2009

terendah (Jan) ~810USD/Oz
tertinggi (Dec)~1220USD/Oz
anggaran % perbezaan tingi dan rendah 50.6%

2008

terendah (Oct) ~710USD/Oz
tertinggi (Mar)~1010USD/Oz

anggaran % perbezaan tingi dan rendah -29.7%

2007

terendah (Jan) ~610/Oz
tertinggi (Nov)~840/Oz
anggaran % perbezaan tingi dan rendah 37.7%

2006

terendah (Jan) ~525/Oz
tertinggi (May)~725/Oz

anggaran % perbezaan tingi dan rendah 38%

2005

terendah (February) ~410/Oz

tertinggi (December)~540/Oz

anggaran % perbezaan tingi dan rendah 31.7%

*penulis tidak mempunyai sbrg degree dalam ekonomi atau tilik menilik. Pemerhatian dibuat berdasarkan pemahaman dan penilitian data yang ade sahaja.Keputusan untuk melabur ditangan anda*

Peter Schiff: Inflation Taking its Toll in Oil, Dollar, Gold, Silver, and Food

Yes. I agreed with you Schiff San. You see in Malaysia also having second petrol price hiked this year. All other items price also increased due to the "Teh Tarik sindrom" including my favourite Big Apple Donut and Mr Donut Ice Coffee. Yeah, I better prepare myself by hoarding more gold :)

Mesin ATM emas di Abu Dhabi

Idea menarik yang telah diimplementasikan di Abu Dhabi. Bilakah agaknya kat malaysia ada mesin seperti ini.

Use gold dinar for trade: Mahathir

Global trade should have reverted to the use of gold dinar following the decline in the value of the US dollar, said former prime minister, Tun Dr Mahathir Mohamad. He said since the price of gold was difficult to fall, it was suitable for use worldwide compared with the US dollar now. "At one time, US$35 was equal to one ounce of gold. But today, it is worth US$1,400, meaning the US dollar has already depreciated. "That's the problem with fiat currency ... it devalues quickly and by very much. Gold never devalues like that. "So, when you buy and sell using gold dinar, you get the real value," he told reporters after delivering his keynote address at the 2nd Langkawi Islamic Finance and Economics Conference, which ended here today.
On the gold dinar in Kelantan, he said, it was not suitable to be used as legal tender but for import and export. Dr Mahathir said Islamic countries should use Islamic financial system to help poor Islamic nations. "Although there are rich and poor Islamic countries, there must be a balance. We use Islamic finance to invest in the poor Islamic countries and help make them rich," he said. He said it was important Islamic system grew by itself and the countries use it to benefit the Islamic countries. "The Islamic financial system will grow when we are successful. Nowadays, we see that non-Muslims are using Islamic banking," he said. -- Bernama

Kenaikan Harga Emas sebanyak 45% dalam masa 1 1/2 tahun.

Fuh...skali baca mesti ingat tajuk ni mesti ingat skim cepat kaya.....tak percaya ker...
meh saya tunjukkan kat sini.

Cuba tgk kat kanan skali tu....apa tarikh tu...yes 5/2/2009.

Tgk harga PG 20g kat bawah tu RM2223. Okay skrg camna nak tau betul tak naik sebanyak 45%.Tgk kat bawah harga PG 20g harinih.

Okeh...skrg saya buat kiraan

Beza harga skrg dan setahun 1/2 lepas RM3225-RM2223=RM1002

Kenaikan dalam setahun RM1002/RM2223*100= 45%

So apa anda tunggu lagi? Time wait for nobody.

PUBLIC GOLD Malaysia : Gold Bar & Coin

About Public Gold



Public Gold is the brand name of Public Fine Gold International Sdn Bhd (“PFGI”). PFGI was set up with the intention to buy and sell physical Public Gold bar and coin at international market gold price. PFGI operates a fully integrated physical gold exchange centre that includes a physical trading system and a platform developed by in house IT expert. It allows customers to receive live gold prices (24 hours a day) and to place buy-and-sell orders relating to physical gold trading procedures. The business can also be conducted with PG bullion dealers via telephone.

The main activities consist of:

• Minting and refining
• Conducting a Gold Exchange Centre
• Gold trading operations
• Providing safe keeping facilities
  

Public Gold have been recognized by the Malaysian Book of Records to be the first Malaysian company to produce certified gold bullion bar locally. Minted in 999.9 to a thousand parts pure gold, Public Gold offers a stable store of value with potential for capital appreciation over time. And most importantly, this gold is tradable at the market.The group has obtained clearance letters from Bank Negara Malaysia and the Monetary Authority of Singapore allowing our company to mint and trade in gold especially gold bars and gold coins. Both of these are marketed under our very own trademarks; Public Gold, and Public Dinar.

Malaysia Book of Records certificate

PG products

100g Gold Bar

Fineness/Gold Purity 99.99%
Weight 100.0g



50g Gold Bar


Fineness/Gold Purity 99.99%
Weight 50.0g



50g Gold Coin

Fineness/Gold Purity 99.99%
Weight 50.0g

20g Gold Bar

Fineness/Gold Purity 99.99%

Weight 20.0g

Company Info
Public Fine Gold International Sdn. Bhd.
(818840-U)
Main Office:
12E First Floor, Jalan Rumbia, 11900 Bukit Jambul, Penang, Malaysia.

Bishop Branch:
No.84, Lebuh Bishop, 10200 Penang, Malaysia.

info@publicgold.com.my
Main Office:
+604-6449999
Bishop Branch:
+604-2619999

Contact Person: Mr. Louis Ng / Mr. Branson Saw

Official website
http://www.publicgold.com.my/

Need more info on Public Gold or to buy PG products ...contact me

Malaysia Bullion : Kijang Emas

Kijang Emas introduction

The Malaysia Kijang Emas is the official bullion coin of Malaysia.
It was 1st issued in 17 July 2001 making Malaysia the 12th country to issue its own bullion coin.
The Kijang Emas has a gold purity of .9999 millesimal finesess.The coins come in denominations of RM200, RM100 and RM50 which are nominal face values, and weighs 1 oz, ½ oz and ¼ oz respectively. RM is the notation for the Malaysia ringgit.The purchase and resale price of Kijang Emas is determined by the prevailing international gold market price.


Design

The design on the obverse of the Kijang Emas depicts a barking deer ("kijang") in its natural habitat in the Malaysian jungle. Also appearing on the obverse are the words BANK NEGARA MALAYSIA, for the central bank of Malaysia as the issuer of the coins; KIJANG EMAS; the weight; gold purity; and the year of minting.
The reverse side features the hibiscus, the national flower of Malaysia together with the denomination face value, as well as the words BANK NEGARA MALAYSIA in Jawi (Arabic) script.


Kijang Emas as investment
Over the years, the gold price is increasing as you can see in below chart which shows the price movement of gold from year 2000 to year 2009 in USD.



The selling price of 1 oz Kijang Emas 1 year ago was RM2943 (02/09/08).
The buying price for 1 oz Kijang Emas today is about RM3461 (02/09/09).
So you will get a profit of RM518 if you sell it now, that is 17% profit per year.
So Kijang Emas is a very good investment to get into.

Where to buy Kijang Emas
Kijang Emas bullion can be bought at Maybank Malaysia.
However, not all branch have Kijang Emas stock. Below are the list of branches of Maybank with Kijang Emas stock in Kuala Lumpur and Selangor.


Bangsar Baru Branch
66, 68 & 70, Jalan Maarof, Bangsar Baru, 59100Kuala Lumpur

Bukit Bintang Branch
G-Floor, Bangunan Yayasan, 55100 Jalan Bukit Bintang,Kuala Lumpur

KL Main Branch
1st Floor, Menara Maybank, 100, Jalan Tun Perak, 50050Kuala Lumpur

Kuala Selangor Branch
11 & 13, Jalan Raja Jalil,45000 Kuala SelangorSelangor

Petaling Jaya Main Branch
50-52, Jalan Sultan (52/4), 46200 Petaling Jaya, P.O. Box 270, Jalan Sultan, 46730 Petaling JayaSelangor

Shah Alam Main Branch
10, Persiaran Perbandaran, Section 14, 40000 Shah Alam, P.O. Box 7109, 40702 Shah AlamSelangor

More info
Information
Daily Price Bank Negara Malaysia
Daily Price Maybank