I am preparing for Global Recession, Be cash rich
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 Sep 7 2011, 03:43 AM
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#1
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Senior Member
2,155 posts Joined: May 2005  
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Hmm i started to plant vege n rear fish for own makan in my parents' lil garden where the hse fully paid de. Worse case scenario no job, no hse still got food n shelter
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Sep 18 2011, 02:59 AM
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#2
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Senior Member
2,155 posts Joined: May 2005
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QUOTE(cherroy @ Sep 17 2011, 02:32 PM) There was 10%-11% FD for 60 months during 1998, this I can be certain of. Ya u r right. But 13% was the highesr lol. I still remember my mom forfeited all the fds she had for the new rates. I went with her to do it. In the old day, normally lending rate is 200-300 basic point above deposit rate. But now BLR vs deposit rate gap is widening further.   Added on September 18, 2011, 3:03 am QUOTE(prophetjul @ Sep 17 2011, 02:51 PM) So you had a 10% FD from 1998 to 2003.........dont believe you.......no bank would give such high rates Mom's was ambank n its true haiyoo cherroy kor lie history to u for???? Just coz u dun see it doesnt mean its not there.... Ask your parents? Most older peeps shd knowfor such a long period. What bank is that? Added on September 18, 2011, 3:18 am QUOTE(prophetjul @ Sep 17 2011, 04:18 PM) Whether i am old enough is not the issue as i was told. Lol maybe u were not looking at the right place at the right time? Whther the banks gave 0.7% over the listed rates is also not an issue. The issue really is i cannot remember any banks giving 10% for a long period of FIVE years...... One year is quite acceptable but FIVE years? Added on September 18, 2011, 3:26 am QUOTE(arturo_bandini @ Sep 17 2011, 08:04 PM) my opinion is, until i can properly understand this period (1980 - 2002), i'm not very confident to "invest" in gold. (although i did buy around 400g of gold when it went down to usd750 in 2008. sold in 2009 for just 40% profit.) likewise, if you cannot properly explain this period, maybe you should not encourage others to invest in gold... Exactly my sentiments. A fren much older than me told me that when he was in vietnam, there was a time where the vietnameses actually exchange gold for food....if this is the case, its just slightly better than currency, still lose to food  & mayb energy, as these days food need energy to process.This post has been edited by mIssfROGY: Sep 18 2011, 03:26 AM |
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Sep 20 2011, 01:27 AM
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#3
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Senior Member
2,155 posts Joined: May 2005
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Hyperinflation everything also naik la, unless u got enuf cash to settle the loan i think your salary also dunno enuf to pay for inflated everything else especially the interest rates alone? By that time got job or not also dunno...
And if u got gold.... U dare to take it out? Leaving your house also big prob that time. Trying to protect ppl from comin in also prob. Got money better do underground secret passage n store few years worth of food liddat survival chance might b better than eating goldbar lol |
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