Warren Buffet has recently published his annual letter to his Berkshire Hathaway‘s shareholders.
^ Buffer thinks Gold is for the fearful; Maloney says otherwise.
In his letter, he wrote his comment about Gold, which he refers as a short term “bandwagon” for fearful investors. Maloney however, on the other hand critised Buffet’s ways of comparing gold as an investment.
When you are shop for your next washing machine, be sure to check out Sharp’s washing machine with Ag+ Waterfall feature. These washing machines come with a plate of pure silver 99.95% to neaturalize stinky bacteries off your clothings. The weight of silver used for this feature is unspecified though.
^ No more smelly clothes: Ag+ ions protect clothing against bacteria and unpleasant odors!
^ Silver ions when in sufficient quantities, kill bacterias and microbial organisms
The next time when you trade in your old washing machine, remember to dismantle out the silver plate. It may worth a small fortune.
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If you are buying gold for investment, gold shop is among the places you may go to purchase your investment. In Malaysia, our gold prices are standardized nationwide as most of our gold shop retailers are member of Federation of Goldsmith and Jewellers Association of Malaysia.
^ FGJAM website at http://www.fgjam.org.my
FGJAM in short, set and publish standardized price for gold on a weekly basis. This creates a uniform gold price and healthy competition among gold retailers.
Price tag for a piece of gold in retail store is calculated by adding “Retail Gold Price” and “Workmanship”. Gold shop profits from margin over gold price as well as workmanship. Thus, for every gold ring, necklace or bracelet you buy from them, they will quote you two prices, the retail price of gold and workmanship.
Retail Gold Price
“Retail Gold Price” in summary is market price of gold – a price which includes overheads.
Salesmen need commissions, landlords want rents, security guards require bullets, lights run on electricity and a long list of other expenses. All these are compiled by FGJAM, which then published as “Retail Gold Price” on a weekly basis.
Workmanship
It is the price you pay for the time, effort and skill spent on creating a piece of jewelry. It varies from one jewelry to another jewelry. The more complex a jewelry is, the more expensive the “Workmanship” is.
In general, you can bargain on the “Workmanship” price but not the “Retail Gold Price”. FGJAM prohibits discounting on “Retail Gold Price” – a rule which is agreed by all its members.
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The Academy name is now officially retired. It is replaced with a new name, The Materion.
^ Screen capture from Materion site on Silver Investment Bars, 8th March 2012
From the screen capture above, you can clearly sees the signature Academy silver bars in the picture. We will be seeing Materion logo next, replacing the Academy’s name.
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Many resources told us that the Hunt brothers once cornered the global silver market in the 1970s. Hunt brothers started buying silver at the price of USD$1.50/oz and drove it up to a record high of USD$50/oz in January 1980. It collapsed to below USD$11/oz two months later. According SafeHaven.com, that is approximately USD$130/oz measured in recent dollar.
Below is the video of “The Real” Hunt brother story by TruthNeverTold. Watch it to see the conspiracy from an alternative perspective.
The following is part 2 of The Real Hunt Brothers Story.
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Please make your own assessment of the relevance, accuracy and adequacy of the information contained in this Blog. You are advised to make your independent investigations as may be necessary or appropriate for the purpose of such assessment including the investment risks involved.