Any central bank can create money, regardless of the federal reserves. What changes is the value of that currency vs the USD.

Any bank can expand their money supply. In theory, that expansion should be contracted when loans are repaid. Problem is, loans can NEVER be 100% repaid, resulting in perpetual debt. (when I mean can never be 100% repaid, i mean on a overall level, not individual level)

U too sensitive ..just normal discussion

Kopitiam oso need to b silios

Bro bear last nite claimed kopitiam uncle useless tim.

Bro bear will come back after few pages and pretend never see what he owe me.

Standard SOP from BBW

You're waiter only, not economist ok!

No porn here, mod pls censor

RM devaluation is expected?

U are cutting queue......

Economist will never be the wealthiest ppl is expected....

Depends on how much RM is being created (via gaumen loans) and how much foreign reserves it buys/sells.

Happy to see 600k price tag become selling at 600k price tag.....

u shld go sell roti canai..... so good in flipping here and there......

This post has been edited by AppreciativeMan: Nov 5 2014, 12:24 PM

Eh, tai lan ngon bear bear, u like to time market, right? Time to buy at lowest, right? Now chance for u to walk the talk and proof u not tin milo kosong.

Gold is at 4 years low. Show u got baLLs and buy now at lowest. Let us know whn u bought it. Thn u got the respect. Walk the talk, ok?
Dun later come back tell me ur piggy bank got rm20 onli, plss..
Beli jangan x beli..waitin for bearbear good news, thn lets monitor gold price.




Gold steadies but hovers near 4-year low



Wednesday, 5 November 2014




Spot gold was firm at US$1,167.39 an ounce by 0042 GMT on Wednesday, after snapping a four-day decline on Tuesday with a 0.3% rise - AFP Photo.
Spot gold was firm at US$1,167.39 an ounce by 0042 GMT on Wednesday, after snapping a four-day decline on Tuesday with a 0.3% rise - AFP Photo.




SINGAPORE: Gold clung to small overnight gains on Wednesday, but struggled to push away from a four-year low due to the strong dollar and outflows from the top gold exchange-traded fund.



Spot gold was firm at US$1,167.39 an ounce by 0042 GMT, after snapping a four-day decline on Tuesday with a 0.3% rise. The metal on Friday fell to its lowest since 2010 at US$1,161.25.



The dollar nursed modest losses early on Wednesday as investors decided to take some profits on a four-session rally that swept the greenback to multi-year highs against the yen and euro.



The dollar has been an investor favourite recently, hitting a four-year high against a basket of major currencies earlier this week.



A stronger greenback makes gold more expensive for holders of other currencies. It also dulls gold's appeal as a hedge.



SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.32% to 738.82 tonnes on Tuesday – its lowest since September 2008.



The fund tends to influence investor sentiment due to the size of its holdings.



A sharp break in gold prices to their lowest levels in more than four years has unleashed a surge in demand for coins, with buyers in Germany queuing out the door and some US investors returning to the market for the first time in years.



But demand in top buyer China has been subdued, with consumers not showing too much enthusiasm for the price drop in expectation that the metal will fall further. – Reuters

Studnt MrAccountant, buy gold now at 4 years low. Last time US stock u can profit 8x. Now gold sure u can profit 10x. Dun buy prop. The most can profit 1x, too little.

This post has been edited by CloudAtla$: Nov 5 2014, 12:48 PM

You should walk your talk first. Are you going to buy physical or paper gold? How much are you buying?

This post has been edited by icemanfx: Nov 5 2014, 01:09 PM

As expected Bearbear will go missing now and will come back after few pages and pretend nothing happen....

Grown up Bearbear and act like a man who going to marry soon....

U got confuse or not ?

here in Malaysia different story lah.

Been able to borrowed at very low down payment mean your credit worthiness is good lah, it's those who no very reliable one that bank will ask you to put down more down payment as they don't wanna take risk on you.

those day property price surge like no tomorrow, even you default bank more than happy to take over your property as they can make more profit on selling you property than wait for your 35 years interest.

Now you see bank more cautious on borrowing, which is why Ah bear cannot secure loan for Goodview with his 5.5K income loh, if not he would have bought long time already.

See or not ? Our Bank not stewpit lah, they calculate the risk before approved loan one.

I know you regret selling off too early, now days & night dream property will crash & give your round 2 chance to buy, but hoh if market indeed crash, people have no money to eat expensive ice cream woh, you boss would close the stall & retrench you or replace by Bangla which only ask for half your pay, got cheap deal also you no money to hantam..

This post has been edited by jolokia: Nov 5 2014, 01:09 PM

If local banks are prudent, bankruptcy from cc, personal loan and car loan won't be at alarming rate. The test will come when those dibs, low dp, housing loan approved in the last few years start repayment.

If full cream dairy ice cream considered expensive means there is a low limit on your net worth.

This post has been edited by icemanfx: Nov 5 2014, 01:21 PM

Soli forgotten to remind u to take med. Its time.

Actually after the hyper hike in prop price, r v expecting hyper drop in price??? Wat ingredients tat can make it a drastic drop???

Cooling measures can onli make price either stagnant or slowly up. And so far no stagnant around gd locs.

Advise needed. Noob here.

100 posts liao.