What is Operation Twist?

Continuing from my previous post, the video above is a detailed explanation of what Operation Twist is all about.

Why Silver Tumbled to $30/oz

Last week was a bloodbath. Gold fell from high of USD1900/oz to USD1657/oz while Silver fell from high of USD42/oz to about USD30/oz.

It all started with Operation Twist 2. A cleverly engineered “economy rescue plan” by Federal Reserved’s Chairman. Last Thursday, Mr. Ben Bernanke announced Federal Reserved’s plan to sell off $400 billion worth of short-term debt and using it to purchase $400 billion of long-term Treasury bonds. This is “rescue” idea of keeping low interest rate for many years to come.
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Server Upgrades

Dear all readers, InvestSilverMalaysia.com is undergoing a site upgrade. We are upgrading the server to improve this blog. This site may not be accessible for the next 1 to 2 days. Please bear with us.

Cheers.

Buying and Selling Gold Jewelry from Tomei

Last week, I went shopping with my wife looking for jewelry for my brother-in-law. He is getting married end of this year. As Chinese, it is customary for close siblings to give Gold during tea ceremony. We decided that it is best that we buy at today’s price rather than buying year end’s price. This is my first experience in buying gold from a local jewelry shop.

We headed down to Sungai Wang Plaza as there are few big franchise jewelry shops. After checking out few shops, we locked our eyes on a simple but elegant gold 916 bracelet from Tomei Jewelry shop located at BB Plaza. Gold was priced at RM205/gram that day.

We started bargaining.
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Eric Sprott: Silver Is Investment Of This Decade

Eric Sprott of Sprott.com and James Turk, of GoldMoney Foundation, talk about how there isn’t enough silver in the silver market to back existing “paper silver” commitments. Sprott thinks that “silver will be the investment of this decade”.
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