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*

Gold Forecast 2011; It starts with a New Year's Rally : Gary Wagner

Here below are some interesting forecast for GOLD in 2011 written by Gary Wagner at Kitco.

A Decade for Gold

This decade will come to be known as the “Gold Rush” of the twenty first century, well at least the beginning of it! Gold compared to almost all other investments, outperformed brilliantly this decade. From a low of 255 per ounce to 1431, gold returned over 550 % in the past ten years. It took six years for gold to double from 250 to 500. It took only three years for gold to double from 500 to 1000. As we close out this decade we are at 1400. We have also been doubling the angle of accent. We are at a 45 degree climb as we bring in 2011. Can gold double again in 18 months? I do not think it is possible, but it would not be an impossible feat. Chart 1 (below) a monthly gold chart shows how the bullish trend has greatly accelerated. Gold has become the new “Currency of Choice”.

Chart 1

A New Year’s Rally
What could be a better way to end this decade than with a New Year rally. It is my belief that this current rally which began this week is the start of a new bullish run which will take gold to new highs. By March of 2011 gold could be trading as high as 1473, my current target for this wave. Chart 2 below, is a daily candle chart with my Elliot Wave count and most recent projections.

If gold continues to rise in value at this present speed we could see gold trade as high as 1600 dollars per ounce by the first half of 2011. In the last 5 months alone, we have seen a twenty three percent rise from 1150 to 1431. What will gold prices look like in 2020? It is not hard to imagine 2000 or even 3000 dollar gold by then. Only time will tell, but I think the gold rush has just begun. I think this party will last well into the next decade

Gary S. Wagner has been a technical market analyst for twenty five years. He is the executive producer of the daily video newsletter “The Gold Forecast”. He is the Co-author of “Trading Applications of Japanese Candlestick Charting”. A frequent writer for Technical Analysis of Stocks & Commodities magazine, he also Co-developed “The Candlestick Forecaster” software application for market forecasting.

Prudence: Managing Currency Risk with Silver and Gold by Franklin Sanders

A good article written by Frankin Sanders from TheMoneyChanger.

Abstract : the Us dollar's currency risk has so changed investment condition that conventional investment wisdom no longer works. In fact, it has become a death trap. Fiduciaries-those charged with managing and protecting others' assets-must recognize and manage currency risk, or lose the assets committed to them by dollar depreciation.

You can dowload the full pdf file or read it here.

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.

myMetro | Pelaburan emas

Fufufu....menarik Public Gold masuk paper smlm.
Klik link kat bawah ni untuk baca sendiri
myMetro Pelaburan emas

Skrg adalah masa terbaik untuk melabur dalam Perak (silver).

Salam semua.

Hari ni baru balik dari Seminar Orientasi Dealer baru Public Gold.
Ye secara rasminya saya telah menjadi Dealer untuk Public Gold.
Mungkin saya akan ceritakan pengetahuan yang saya dapat hari ni dalam entry yang lain.
Okeh, sebelum balik dari seminar tadi, sempat gak mencilup flyer mengenai Perak (Silver).

Perak: Emas untuk masa hadapan
Kenapa Perak akan mengatasi Emas dimasa terdekat
1)Stok yang tidak mencukupi. Stok fisikal dunia skrg hanyalah 30K tan iaitu hanya 1/5 daripada stok emas di dunia skrg.
2)Terdapat permintaan untuk industri dan untuk pelaburan = stok tidak mencukupi.
3)Harga Perak mencanak lagi laju daripada harga logam lain.
4)Untuk pasaran fisikal menawarkan tahap keuntungan paling tip top
5)Risiko sgt rendah kerana adalah komoditi yang diperlukan untuk industri dan
nilainya tidak akan susut.
6)Harga yang lebih stabil berbanding pasaaran saham
7)Anti Inflasi.

Kenapa saya meminati Perak sbg pelaburan.
1) Hargenyer murah giler berbanding emas.
2) Sebab murah, so Public Gold tak der buat bar yang kecik2 nih...senang nak cari
lam almari tu :).
3) Keuntungan tinggi sbb spread margin yang rendah di Public Gold 11%.
4) Sbb saya dah jadik agen Public Gold, saya boleh beli harga Perak dgn harga dealer. Lagipun Public Gold adalah satu satu nya syarikat di Malaysia yang menawarkan jaminan belian semula untuk Perak.
5) Kilauan putih yang menambat hati.

Tapi, apa2 hal pon tgk dulu komen sifu Robert kobayashi



Sila hubungi saya jika inign tahu lebih lanjut mengenai produk Perak (Silver) Public Gold.

WHY IS SILVER THE BEST INVESTMENT NOW? Mike Maloney

.


Now you can start to protect your wealth with Public Gold Silver.
The price spread margin is around 11%
You can get the silver bar in 250g bar, 500g bar and 1Kg bar.
The price are update every 20 minutes according to the market price.
Contact me if you are ready to add silver in your wealth portfilio.

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

Islamic Dinar Part 3: Using Dinar & Dirham

Using Dinar & Dirham

Gold and silver are the most stable currency the world has ever seen. From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods: A chicken at the time of the Prophet, salla'llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other national currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight.

Reliability

Gold cannot be inflated by printing more of it; it cannot be devalued by government decree, and unlike national currencies it is an asset which does not depend upon anybody's promise to pay.

Portability and anonymity of gold are both important, but the most significant fact is that gold is an asset that is no-one else's liability.

All forms of paper assets: bonds, shares, and even bank deposits, are promises to repay money borrowed. Their value is dependent upon the investor's belief that the promise will be fulfilled. As junk bonds and the Mexican peso have illustrated, a questionable promise soon loses value.

Gold is not like this. A piece of gold is independent of the financial system, and its worth is underwritten by 5,000 years of human experience.

Islamic Dinar Part 2: What is the Dinar?

According to Islamic Law...

The Islamic Dinar is a specific weight of 22k gold (.917) equivalent to 4.25 grams.

The Islamic Dirham is a specific weight of pure silver equivalent to 3.0 grams.

Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent to 10 dirhams."

"The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment [of zakat, etc.] upon which its judgements may be based rather than on the non-shari'i [other coins].

Know that there is consensus [ijma] since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven mithqals [weight of the dinar] of gold. . . The weight of a mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus." Ibn Khaldun, Al-Muqaddimah

How is the Islamic dinar used?

1. The Islamic Dinar can be used as saving.
2. It can be used to pay zakat and dowry as required by Islamic Law.
3. It can be used to buy and sell as it is a legitimate medium of exchange.

Islamic Dinar Part 1: History of Dinar

History of the Dinar In the beginning the Muslims used gold and silver by weight and the dinar and dirhams that they used were made by the Persians.

The first dated coins that can be assigned to the Muslims are copies of silver dirhams of the Sassanian Yezdigird III, struck during the Khalifate of Uthman, radiy'allahu anhu. These coins differ from the original ones in that an Arabic inscription is found in the obverse margins, normally reading "in the Name of Allah". Since then the writing in Arabic of the Name of Allah and parts of Qur'an on the coins became a custom in all mintings made by Muslims.

Under what was known as the coin standard of the Khalif Umar Ibn al-Khattab, the weight of 10 dirhams was equivalent to 7 dinars (mithqals).

In the year 75 (695 CE) the Khalifah Abdalmalik ordered Al-Hajjaj to mint the first dirhams, thus he established officially the standard of Umar Ibn al-Khattab. In the next year he ordered the dirhams to be minted in all the regions of the Dar al-Islam. He ordered that the coins be stamped with the sentence: "Allah is Unique, Allah is Eternal". He ordered the removal of human figures and animals from the coins and that they be replaced with letters.

This command was then carried on throughout all the history of Islam. The dinar and the dirham were both round, and the writing was stamped in concentric circles. Typically on one side it was written the "tahlil" and the "tahmid", that is, "la ilaha ill'Allah" and "alhamdulillah"; and on the other side was written the name of the Amir and the date. Later on it became common to introduce the blessings on the Prophet, salla'llahu alayhi wa sallam, and sometimes, ayats of the Qur'an.

Gold and silver coins remained official currency until the fall of the Khalifate. Since then, dozens of different national currencies were made in each of the new postcolonial national states created from the dismemberment of Dar al-Islam.

History has demonstrated repeatedly that paper money has been a permanent instrument of default and reducing the wealth of the Muslims. In addition, Islamic Law does not permit the use of a promise of payment as a medium of exchange.

Why Gold?

Whether as a stepping stone into the physical market, or as a move to diversify your investment portfolio, gold offers strong benefits to an investor.

Gold offers secure value and is easy to invest.Historically, the value of national currencies may rise and fall but the value of gold remains remarkably stable. Gold fulfils the function of money and is accepted worldwide as a form of payment. You don't need a huge sum of gold to begin investing gold bullion coins, for example, can be purchased from weights as low as a quarter troy ounce.

Gold is the most liquid asset.Gold can be readily bought or sold 24-hours a day in one or more markets around the world. This cannot be said of most investments, including stocks of the world's largest corporations. In addition, the trading spreads on bullion are generally narrower than the spreads on stocks and bonds (which are considered liquid assets).

Gold diversifies your portfolio.Gold's low-to-negative correlation with stocks and bonds makes it an excellent portfolio diversifier. In fact, many financial advisers recommend keeping 5% to 10% of your total assets in gold. With gold, you can help offset market fluctuations and reduce volatility

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