^ Photo by http://www.flickr.com/photos/ericteoh/231823932/
May Malaysia be in peace & prosper many more years to come. Enjoy your long weekend and drives carefully!
P/S: Do you know today is also Lee Kuan Yew’s birthday?
I always recommend investing only in silver bullion in either coin or bar format with triple nine finest or better. Compare that to jewelry grade silver, the silver sterling at 92.5% finest, investment grade silver is a pain to maintain their shines. They tend to get tarnished easily.
Worry not! Today, we will bring sexy back to your tarnished silver!
^ Tarnished Canadian Timber Wolf, but still worth RM200 a pop!
Three ingredients that we will be using for our cooking lesson are as follow:
^ You can buy baking soda and aluminium foil cheaply at any hardware shop.
1. Baking Soda (Arm & Hammer – RM9.90 from Ace Hardware)
2. Aluminum Foil
3. Hot Water
An interesting video on money creation I found in youtube. The first part of the video explains how the money system works. The second part of the video highlights the First National Bank of Montgomery vs Jerome Daly case which is also known as the 1968’s Credit River Case.
It’s an exciting month for September. With Perth Mint introducing the2012 Lunar Dragon, Royal Canadian Mint will be updating their Canadian Wildlife Series with Cougar.
With one of the finest available 0.9999 pure silver bullion coin in market, Cougar is the third of a six-coin series of silver bullion coins celebrating Canada’s Wildlife.
It is limited to a mintage of one million coins and three more issues are scheduled to follow (one dated 2012 and two others dated 2013).
[Read more →]
I was doing my regular check on Kijang Emas price via Bank Negara website and to my surprise, the difference between the buying and selling price for 1 oz of Kijang Emas is now RM233!
I previously wrote an article about spread back in July and I shared with you how we can calculate the spread for gold and silver. You can read the post here: Understanding Spread for Buying and Selling Gold or Silver
It’s a little bit passed 2.00 am now so the price I am referring now is actually yesterday’s price. The buying price for Kijang Emas is RM6,014 and selling price is RM5,781. RM233 is an huge price gap in Kijang Emas price history.
Armed with Excel, I dived into the historic data on Kijang Emas prices and crunched it to check if the spread is still the same during this current wild bull ride on precious metals.
Formula for Buy and Sell Spread:
(Sell Price – Buyback Price)/Buyback Price X 100 = Spread %
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.