Posted by KH »
Add Comment »10 Nov 2011 – THE DOLLAR Gold Price is set to reach $2400 per ounce, according to legendary investor Jim Rogers, cofounder of the Quantum Fund with George Soros in 1973. Despite his prediction, Rogers says he is more interested in Buying Silver.
^ Jim Rogers suggests buying real asset
The Gold Price “will easily go to $2000, but it will reach $2400 over the course of the bull run, which has years to run,” Rogers told CNBC this week.
Rogers also predicts the Gold Price will enter bubble territory – though he says this may be some way off yet.
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Posted by KH »
Add Comment »Here is a quick one. I previously blogged about UOB running out of stock for their gold bullion product. UOB is finally out from the Gold Bullion dry spell. They have now replenished their bullion silo with the new 2012 Australian Kangaroo Nugget. Only Australian Kangaroo are available though. I confirmed this as I have paid Jalan Raja Laut’s UOB a visit last Friday. Get it while it lasts!
On another end, a Maybank representative updated me that Kijang Emas will only be in stock from next year onwards.
Posted by KH »
Add Comment »A few days back, I decided to write my own calculator that calculates margins for Gold and Silver. I hit my key board hard, coding like how I used to code 10 years ago.
With that, tailor-made for Malaysian, exclusively from InvestSilverMalaysia.com – The ISM Gold/Silver Spot Calculator!
How to use ISM Gold/Silver Spot Calculator
I have designed the calculator to be as simple as possible. You will need to fill in the current spot price – be it Gold or Silver, current MYR exchange rate with USD, retail price and the weight of purchase. As simple as that! You can also key in other cost if you like to have it included in the calculation.
The calculator is currently located on InvestSilverMalaysia.com’s right panel. You should be able to see it big and clear.
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Posted by KH »
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By Howard Ruff | Oct 7 2011 2:35PM
A fortnight ago gold recorded its worst week since 1983. Skeptics are now questioning gold’s credentials as one of the few shelters from financial storms. Some investors have begun to worry about whether this is the end of gold’s spectacular surge.”
September was the worst month for gold since Lehman Brothers collapsed in October 2008.
How come? The banking crisis and the threat of government default should have been good for gold, right? Old habits die hard, so when the stock market began to crash, people fled to cash.
If you bought silver or gold in August, you were hurt in September. But you buy silver not only as an investment but also as insurance against inflation. You wouldn’t cancel your insurance policy in the middle of a hurricane, and you shouldn’t sell silver when it takes a tumble. Like any insurance, silver’s value will pay out over time, not day by day.
People buy gold either as an alternative to the dollar as a store of value or as blanket coverage against all the world’s ills.
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Posted by KH »
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CK Diong, author of Politicalmetals.com shares his view on “Political Metals”.
Q: Hi CK Diong. Can you share with us how you started investing in Precious Metals?
I have been staring at this question for quite a while, not knowing how to respond. Fact is, I’ve not invested, and if I did, certainly not in Precious Metals.
I happen to be planning for early retirement around the time of the global financial crisis of 2008. It was so violent and swift that I quickly realized it was no ordinary crisis. That was when I decided to invest considerable time into understanding what actually was going on.
My research convinced me that what happened in 2007/08 was not another of those boom and bust economic cycles which will soon come to past, and that we will all be happily riding the next wave up again. I realized for the first time that what’s ahead of us in the next few years will be unlike anything we’ve seen in the past. The global debt-based monetary system is like a house of cards whose time has come.
Hence, I wanted to play safe and decided to take my retirement savings OUT of this precarious monetary system. I converted paper & electronic money into gold and silver, not as an investment, but as a store of value. I view them as Monetary Metals or Political Metals rather than Precious Metals.
Q: What do you think of investing in silver today?
I don’t understand why anyone, save for the most die-hard speculators, would want to invest in something as volatile as silver. Why would anyone invest in something whose price can drop $40 to $26 in less than 72 hours? And, if you know who’s behind the curtain making the silver prices so volatile, you’d want to stay away from this investment.
Having said that, I hold a substantial portion of my assets in the form of silver. I don’t invest in it, I just own it, and yes, that makes a lot of difference.I believe it’s a good asset to hold because like gold, it is a monetary metal that is a good store of value and it has no counter-party risk.
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