We have heard recently that there were many offloading of Silver ETFs. What is these Silver ETFs? Why dothey have such impact on the Silver Spot price? Let’s examine it together.
ETF = May Not Be Physical Silver [Read more →]
The Federal Reserve on Wednesday announced they will further do people good by launching the fourth round of Quantitative Easing (“QE4”). They turbo-charged the printing press to run at speed of USD$45 billion a month.
^ Federal Reserve will continue to the economy until problem solve
Previously, we have QE3 which open-endedly buys USD$40 billion a month worth of toxic mortgage backed securities. Having both QE3 and QE4 (USD$45 billion/month) running simultaneously, we have Fed flooding the market with USD$85 billion per month.
Running it for just a year will add USD$1.02 trillion of new debt onto its already massive USD$16 trillion national debt.
Only in USA, the “big brother” of all economy has this power to create money out from nothing.
Fed Reserve is just doing the opposite. Big brother is trying to help US citizen from its graving enonomy by digging into more debt.
The following is the official press statement from Federal Reserve.
[Read more →]
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.
The people of Greece, Ireland, Italy, Portugal & Spain (PIIGS) are in €2.91 trillion Euros debt. So how much is €2.91 trillion? Take a look at the following visual.
This is a visual of 2 Billion Euros. At today’s rate, this is equivalent to 8 Billion Ringgit. We will need 4 giant trucks to tow it on our Malaysian road. One trillion is one thousand billion. To have one trillion Euros, you will be needing 500 of these monster truck. The total PIIGS’ debt is €2.91 and that’s about 1,455 trucks. Convert it to RM and you need an airport to accomodate 5,820 trucks loaded with our RM100 note!
To visualize further on how it would look like, head to demonocracy.info’s jaw-dropping infographics at http://demonocracy.info/infographics/eu/debt_piigs/debt_piigs.html
[Read more →]
Launched by the Prime Minister of Malaysia, YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak, the new currency series comprises newly designed banknotes and coins. The banknotes issued are in the denominations of RM1, RM5, RM10, RM20 and RM100 and will be available for circulation in the second half of 2012.
^ Distinctively Malaysia: The New Series of Malaysian Banknotes
For this new series, polymer substrate is used to make the RM1 and RM5 banknotes. RM20 is now back in circulation.
For more information on the new banknotes, head to the official website at http://www.bnm.gov.my/microsites/2011/banknotes/
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.