No, they don't accept those bars anymore since 16th May

if you want coins that near to spot get Bunga Raya 10g

Mun Keong

The anti-hoarding laws are not well publicised although they are directed primarily at retail and wholesale businesses. However, this does not mean that they do not apply to the man on the street. I recall reading about this last year.

Do you recall during the rumours of price hikes in cooking oil, the hypermarkets restricted the purchase of cooking oil to 2? That is considered anti-hoarding, though not fully enforced. Ditto for sugar, flour and all essential food items.

Malaysia has some so-called anti-profiteering "laws", but that's only a smokescreen. The law of the land is the law of survival at every level.

Good for you that you're well stocked. We should compare notes on what needs to be stocked.

Who mints these coins?

Be cool Francesco

Being indignant is not noble.

The holy books have answers, but those answers we interpret ourselves, based on our conditioning from infancy and then some (a discussion we can have till the cows come home). This world we live is not always black and white.

If there were definitive answers, the Sunni's wouldn't be fighting the Shiite's, since they are reading from the same book. It is the interpretation of the book that wars are fought.

I don't "spin human mindsets by introducing new theory" - that's your conclusion. The comments are my observations from my years of studying human psyche. So, in this case, you consider yourself right and myself wrong, though I consider myself neutral as these are just my observations, and hence my interpretation (not conclusion).

I am taught to find out the answers myself, to prove that what the good books say are true. Blind faith is also a trigger to wars.

Our "lowest extent" as you put it, is what drives us, as much as a guy get a rise out of looking at beautiful (and voluptuous) lady - would that be noble thinking? If you are a guy and have not those thoughts when the situation presents itself, you're not among the living.

I wonder what product am I selling Do you mean a product of my mind?

If you live by your needs, you would be earning and paying with God's money, not fiat money.

So is the govt noble, or just being bad by recognising fiat money?

Please come down from the horse.

Thanks again benedict.
for this one "normal market reaction, if USD depreciated, Gold will up. Because Gold quoted in USD" I can't get the common sense here. If USD depreciate, why Gold will up instead of down? Since Gold is quoted in USD, Gold should have directly proportional to USD if Gold value is constant right?
what I mean is, let say in old days, USD is RM3.70 and gold value is USD100 per gram. Now USD depreciate to RM3.00 and the gold value still remain as USD100 per gram. If compare to old days, we can buy more Gold now as we only pay RM300 while the old times we pay RM370. Isn't it the price of gold depreciate ?

nubex

Yupe true!

Well, things is cooling down now in this forum. Whatever topic we 1 2 talk off is already spoken.
These topic will be hot again when spot price rise to USD1550/-. with some different forumer most likely.
well, since the day I participant, got a few new customer and lost a few lor .
Internet is like that. Double edge sword.
Just hope that the comment I gave is beneficial to U all lah./

hi xcarfieldx,

Let me explain you through other scenario..
Currently you are a dentist. Operated a clinic and charged fee RM50 per customer.
Few month with good business, you take this opportunity to increase the fee to RM55. Meaning that you're making economic inflation and customer have to pay more for your service.
The question is, how do they earn that RM5 extra? They would grumble and asking increase salary from their boss because of inflation. What if Employer increased employee's salary? They will increase the price for the product or service too!
meaning that, RINGGIT face value depreciated due to inflation!

To answer your question, "why Gold couldn't directly proportional to USD?"
As an investor (us), we must know how to observes our capital. Money vs product, means either we use money to buy product or you use product turn to money. Same as, you sell money, buy product.. or sell product, buy(get back) money...

On the another hands, Yellow metal was limited and no one knows how many left deep under this earth.. Indeed, Gold became a trendy's and believes could bring prosperity fortune, wealth insurances & preserves.. that why the market and 'noise' is there!
hope this help.

View: Glittering Gold Need Not Set Off a Panic Over Inflation

Have you been asked about gold lately? Has someone tried to explain to you that the precious metal’s 27 percent increase in dollar terms during the past year signals ominous things? Runaway inflation... economic panic... infinite instability...

URL: http://www.bloomberg.com/news/2011-05-30/g...ation-view.html

i n dinar kelantan dealer. dont hesitate to contct me

How much your selling ?

base on recomended price, can google islamicmint.com.my

Then how much is 1 dinar weight ?

1dinar is 4.25gram 22carat gold

Is it 916 or 999 gold ? Dinar looks good. Maybe ill get some, where is the place to purchase this gold, thru bank ?

Thanks!

Their merchandise is pretty expensive.....

eg

silver is approx 20% or more! ......above spot.....

---

Added on June 1, 2011, 8:19 amLet me see whether can help

a) In this world there are basically two types of currency....ie.....fiat(paper debt promise) and precious metals
The financial world and gomens would like you to trust their promises as they can control and manipulate
fiat easier. In normal circumstances, people just trust fiat naturally. But gomens are a greedy lot....they
like easy ways....so they like to spend, spend and spend.....living on debt. One day, they spend so much
no one like their fiat no more....their debt promise is not trustworthy nomore....when that happens, the public
will turn to precious metals to guard their wealth aka Zimbabwe

b) Why USD is inverse to Gold price?
aLL commodities are priced in USD. Lets take gold for example....there is a fixed amount of gold in the planet
estimated at, 300,000 tons. Years ago when the amount of USD DEBT was fixed to this tonnage, it could have been
USD20 per ounce......now lookie at the above again.....

In 1980 US debt was $712 billion

1990 was $2.411 Trillion....

2000 was $3.41 Trillio......

2011 IS $14Trillion took 11 years to grow from $3.4 to 14 Trillion

This is U.S debt today......... http://www.usdebtclock.org/

So now......the 300,000 tonnage is represented by a much BIGGER figure.

BUT thats total planetary tonnage.....U.S has only around 9,000 tons......so calculate how much the USD has inflated?

Other thing is : Does US still have the 9,000 tons? In the 1980s to 2000, they were loaning out these gold
to bankers to sell and use the proceeds for a very small interest.......
Thats why the bankers are always shorting gold. Thats another story

This post has been edited by prophetjul: Jun 1 2011, 08:19 AM

hye guys,

I am looking to buy gold worth around RM3000-4000. I had looked through the internet and found that there are 2 types of gold products that i can choose from which is gold bar and gold coin.

For my budget stated above, I can buy at most 2 gold bars and 4-5 gold coins at the same price. My question here is, which one is better? I am planning to save my money in gold, not to pawn or whatsoever.

Thanks in advance for any help.

More smaller units = more flexible when you want a small chunk of money back, but hard to keep many many coins since it'll take more space.

One bar instead of many coins = easier to keep, but lose one = lose everything

Thanks for the reply. I am planning to keep the gold in safe box(maybe the one in Maybank). My question is the value of both the same?