We had an exciting week last week. You should by now know that US is at risk of diving into a deep recession soon.
^ President Obama: Mmm… no more AAA? You must be kidding me.
Last Thursday we had our worst drop in DOW since 2008’s subprime mortgage crisis. The DOW went to the lowest of -8% before ending the week of bad news with -6%. When we Malaysian woke up on Friday, KLSE join the bear rush and ended the Friday with a -2% retreat.
America continued their Friday with rebounce only to be hit by another uppercut. Standard & Poor’s downgraded US credit card from brilliant AAA to AA+. Not just any AA+, its AA+ with negative outlook.
“United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative” – Standard & Poor’s official statement.
Before that I have 3 laptops. One, I gave it away to my father in law. Two, is 3 years old. Three, is 2.5kg. I travel frequently too. It makes perfect sense to have a light weight lappie as a travel companion.
I went to Digital Mall in PJ and brought home a 13″ MacBook Air.
Now that you have decided to import silver or gold into Malaysia, it is crucial that you understand HS code for importing.
HS code stands for “Harmonized Commodity Description and Coding System”. HS code is the global standard for classifying trading products. It is maintained by World Customs Organization (WCO). More than 98% of world trade uses it, so it’s really important!
3 HS codes that you must know on importing precious metals into Malaysia
It’s going to be a hot sizzling Monday today. Washington now has one more day to solve the puzzle before the debt burst. Unless they come out with a fire-fighting plan, US will start defaulting on their record-breaking $14.46 trillion debt by tomorrow.
How would this impact the precious metals?
In short, the more money the Fed prints OR the weaker the dollar is the better it is for the PM market. That would happen if US raises their debt ceiling or decided to start defaulting its current debt. That’s the bull camp.
If Washington are able to stop ballooning their $14.46 trillion ceiling, not default its current debt AND turn their Federal P&L from red to black – that spells the bear for PM. Been spending my entire weekend catching up the debt news and to have THAT, is almost unlikely.
Following are some materials that would go along well with your morning coffee.
Now that you have decided to import silver or gold into Malaysia, it is crucial that you understand HS code for importing. 
