i have parked my paper $ into earthly products ... LOL ...

I don't think they will let them fail or default just like that.
Even AIG also being revived.

Too big to fail again?

My view only.

---

Added on March 9, 2011, 4:58 pmPlease pay your bill, your hawker foods in gold next time and also doing business transaction in gold term.

Can I contact you for business trade?...

Joking only.

Seriously, you also value gold at USD, aka a paper money form/valuation. Gold value come from paper money...

This post has been edited by cherroy: Mar 9 2011, 04:58 PM

by the way .. Asia Trader and Investor Conference is coming up soon .. maybe those interested in gold and its trend can go there .. quite a number of talks ...

more details at http://www.theatic.net/


hawkers will prob think i am mad or that i am trying to pull a fast one on them for a plate of char kuay teow ..

if you have nice earthly stuff to buy or to sell .. contact me ..

This post has been edited by alhs76: Mar 9 2011, 10:52 PM

methinks those who hurried into USD found out that safe is no longer a word associated with USD and US treasuries
very fast!

In 2008, USDX as result of safe haven buying went to 88, now presently its down to 77 and still trending down

QE anyone?

---

Added on March 10, 2011, 7:32 amOh OH....its coming......U.S bond collapse??

http://www.reuters.com/article/2011/03/09/...E7285M020110309

My highlight

PIMCO Total Return dumps government-related debt

(Reuters) - The world's largest bond fund dumped all of its U.S. government debt in the biggest signal yet of how negative investors have become about the U.S. Treasury market.

The move by Bill Gross's $236.9 billion PIMCO Total Return fund comes in the wake of a vicious Treasury market sell-off and just days after he questioned who will buy Treasuries once the Federal Reserve halts its latest round of bond purchases in June.

Bond prices have come under severe selling pressure because of a strengthening U.S. economy and as investors brace for what could happen when the U.S. central bank ends its controversial quantitative easing program. The 10-year Treasury yield hit a 9-1/2 month high of 3.77 percent on February 9, rising 40 basis points in the short period from the end of January.

Last week, Gross told Reuters Insider that a 4.0 percent yield for 10-year notes is a "rational expectation" if the Fed "disappears as the buyer of last resort," Gross said.

Pacific Investment Management Co's Total Return fund sold all its U.S. government-related securities, including U.S. Treasuries and agency debt, a source familiar with the fund's holdings said on Wednesday.

A PIMCO spokesman declined to comment.

In January, the Total Return fund slashed its U.S. government-related debt holdings to the lowest level in at least two years and increased cash and debt holdings from other developed nations.

"It's certainly an important signal in the sense that they are allocating away from Treasuries in favor of a higher spread product," said Christian Cooper, head of U.S. dollar derivatives trading at Jefferies & Co.

Government-related securities include Treasuries, Treasury Inflation-Protected Securities, agencies, interest rate swaps, Treasury futures and options, and corporate securities guaranteed by the U.S. Federal Deposit Insurance Corp.

Gross, who also helps oversee more than $1.1 trillion as PIMCO's co-chief investment officer, has often railed against U.S. deficit spending and its inflationary impact. He has advocated buying bonds with "safe," higher yields -- such as emerging-market bonds -- that can withstand possible erosion of returns by inflation.

The Total Return fund's cash holdings surged to $54.5 billion as of February 28 from $11.9 billion at the end of January.

Cash is defined as anything that has a duration -- a bond's sensitivity to interest rate fluctuations -- of less than 1 year.

But PIMCO may have other asset-allocation plans. In a December regulatory filing the Total Return fund said it may start investing up to 10 percent of its assets in "equity-related" securities, such as convertibles and preferred stock, after the first quarter of 2011.



This post has been edited by prophetjul: Mar 10 2011, 07:32 AM

Under Public Bank's GIA, what soft of wafers are there for physical withdrawal? I'm considering opening an account there

Real Italian Job...
story

yes within cherroys's joke there is a point, things including precious metals are valued in currency.
there is only so much gold on earth. value rises when there is demand for it, may it be manufacturing, jewellery or investment/speculation
but when you trade, you use currency, hence it is valued in currency and the value in monetary terms is only as good as the selling price.

hi all,

i am plan to invest buying gold,

can someone recommand me which bank are good to invest?

and how is the process work out?

U can refer below , only certain banks have gold savings acc
Normal procedure, open a savings/current account, and just invest tru there

All of them almost the same, juz check on the SPREAD value (ie buying/selling price) . UOB has the lowest spread , rm2 vs other banks @ rm5.50 etc. So..yeah go for UOB

Has anyone purchased Kijang Emas recently? I read (unreliable source) that Kijang Emas are no longer minted

Consider rearing a couple of mouse deers or planting a maple tree

actually this used to be the reverse ... fiat currency or paper currency (which is based on trust) used to be pledged against gold. The biggest fear today is the United States defaulting on their debt responsibilities .. which will bring the whole system crashing ... which also explains why there is a upsurge in gold prices. no one can say when this day may come, and there are many arguments for and against this fiat currency collapse ... but one thing's for sure ... central banks are hoarding gold --- their gold reserves is actually increasing not to mentioned the already short supply out there consumed by everyday consumers like us ... ... so GO GOLD!

This post has been edited by alhs76: Mar 10 2011, 01:33 PM

yeah, I'm more bullish on Gold's cousin, the SILVER...amount available above ground is lesser than gold.

are u interested to buy physical gold?? if yes, do pm me & we can discuss in detail


i never buy kijang emas coz i heard it hard sell & if the gold is taken out from the casing, there will be deduction when u want to sell back..

I inquired and the reason for damaged Kijang Emas because scratched and chips reduce gold content so it's understandable. As a buyer I also wont want to buy damaged coins

Besides Kijang Emas and Maple Leaf what other alternatives are there?

I'm not interested in gold savings passbook because those account are uninsured and only in paper. Already got other paper investments and what I want is physical gold

i used to open a public gold savings account with my family members but we have all closed and got ourselves the real stuff after I emailed public bank to ask if their product is backed by the real thing. i even asked bank negara, who doesn't seem to understand the severity of this scheme in the event of a market panic. don't be suprised if malaysia declares a bank holiday

i think the government somehow do foresee that risk n tats one of the reason y u hear about this PIDM stuff a lot on the radio. They are trying to "educate" the people early. if ever another market crash happen don't go cashing out from the banks...

gold saving passbook is the same as physical "IF" backed by physical



isn't it the same as those old people back in old day say they don't trust bank want to keep all their money in tin can at home?

This post has been edited by dr2k3: Mar 11 2011, 12:50 PM

Richard Lehmann: China May Corner Gold Market

Thursday, 10 Mar 2011 11:58 AM
Article Font Size

By Dan Weil

China has likely begun a campaign to convert its dollars to gold that could end up with the nation cornering the gold market, says Richard Lehmann, editor of the Forbes/Lehmann Income Security Investor newsletter.

China is alarmed about potential weakness for the dollar, he says in an interview with Steve Forbes.

So “I’m concerned that basically China is probably already on a program to diversify the dollar into gold. I don’t think they want any other fiat currencies or want to minimize that amount.”


Gold bars
If China buys enough gold, at some point it can simply dictate the price, Lehmann says. And it has the means to do so, given that Chinese currency reserves total almost $3 trillion, and the world’s gold supply is now worth about $5 trillion, he says.

So China could “in one stroke, basically take control of the gold market and tie the dollar to gold so that effectively, if every six months the dollar deteriorates 5 percent, they can just upgrade the stated price at which they wanted to buy gold and thereby upgrade and up-value their gold reserves, but also keep the dollar in check.”

With plenty of other investors buying gold too, many experts expect it to continue rising. Richard Russell, author of the Dow Theory newsletter, says in a commentary obtained by King World News that the precious metal may reach $6,000 an ounce.

Spot gold was at $1,407.40 an ounce near midday Thursday.

Banks practice fractional banking what's to stop the bank from lending your gold? or is the gold deposit "fully reserved"?

Not looking to invest because I already have stocks, unit trust and property.

Seeking to "protect and store" a small portion of wealth, preferably outside of the banking system.

Collecting as much paper money and hoping for the best is not always a guarantee, hence the search for a stable commodity to diversify.

This post has been edited by aaronpang: Mar 11 2011, 03:42 PM

no...what i mean is that wanting physical item.......you are more likely to lose the gold if you store it in your house and if thief/robber come for a visit

robber can rob the bank 10 times and your money is still intact......one visit from thief/robber all ur gold say byebye



to me property is the best thing........

This post has been edited by dr2k3: Mar 11 2011, 04:06 PM

go for these :
http://kfhonline.com.my/kfhmb/ep/kfhConten...contentId=11048

physical gold from Turkey.