Emas turun: Adakah kerana IMF sudah menjual stok emas??

Gold Declines in N.Y. as Dollar’s Gain Pares Investment Demand
By Nicholas Larkin and Pham-Duy Nguyen

Sept. 29 (Bloomberg) -- Gold fell in New York as a stronger dollar cut investment demand for the precious metal. Silver sank.

The dollar climbed as much as 0.6 percent against the euro, touching a two-week high, as evidence economies have yet to shake off the worst effects of the global recession spurred demand for the safety of the U.S. currency. Gains in U.S. equities helped limit gold’s losses.

“Gold is looking at the dollar and the stock market for direction,” said Frank McGhee, Integrated Brokerage Services LLC’s head dealer in Chicago. “At this point, it could drop $25 or rally $25.”

Gold futures for December delivery fell $2.30, or 0.2 percent, to $991.80 an ounce at 11:04 a.m. on the New York Mercantile Exchange’s Comex division. Earlier, the price rose as much 0.1 percent and dropped as much as 0.8 percent.

PREVIOUS NEWS

IMF Board Approves Sale of 403.3 Metric Tons of Gold (Update1)

By Sandrine Rastello

Sept. 18 (Bloomberg) -- The International Monetary Fund’s executive board approved gold sales of 403.3 metric tons valued at about $13 billion and pledged to avoid disrupting the market with the transactions.

The IMF said it would “stand ready to sell gold directly to central banks.” The sales could also be conducted in the open market in a “phased manner” over time, the Washington- based lender said in an e-mailed statement today.

“These sales will be conducted in a responsible and transparent manner that avoids disruption of the gold market,” IMF Managing Director Dominique Strauss-Kahn said in the statement.

China pushes silver and gold investment to the masses

The report notes that China's Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying " China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in."

Gold Falls Most in Two Months as Dollar’s Rebound Erodes Demand

Sept. 24 (Bloomberg) -- Gold fell the most in more than two months, closing below $1,000 an ounce, as the dollar’s rebound reduced demand for the precious metal as an alternative asset.

The dollar climbed from a one-year low against a basket of six major currencies. Before today, gold advanced 15 percent this year, while the greenback dropped 6.5 percent.

“You’re seeing significant selling in gold because the dollar is beginning to rise,” said Leonard Kaplan, the president of Prospector Asset Management in Evanston, Illinois.

CHART ANAlYSIS

Gold’s decline may accelerate after prices failed to rally closer to the record, UBS AG said in a report yesterday. Technical analysis shows the bullish trend can only be maintained should prices surpass $1,032.50, UBS said.

The metal reached $1,025.80 on Sept. 17. Gold jumped to a record $1,033.90 on March 17, 2008.

The Fed’s statement is “theoretically negative for gold, because they took away the wording on inflation, but there wasn’t any talk of rate hikes,” said Tom Pawlicki, an MF Global Inc. metals analyst in Chicago. Gold may climb to $1,100 early next year, he said.

A rate increase would boost demand for the U.S. currency, analysts say

Harga Emas semakin turun?

Pagi-pagi Jumaat ni... anda semua boleh lihat harga emas dunia semakin turun... Ia telah turun ke bawah paras 1000 usd/oz. Apakah sentimen yg menyebabkan ia turun? Berapa banyak lagi akan turun? Berapa lama masa diambil utk naik semula?

3 persoalan ini hanya dapat dikupaskan oleh penganalisa2 yg handal. Jadi, mari kita sama-sama mencari jawapannya. Namun begitu, inilah masanya utk kita membeli secara berperingkat selagi harganya masih murah.

INGIN DAPATKAN PERAK MENTAH (SILVER RAW MATERIAL)

Bagi peminat emas yg ingin menyimpan Perak sebagai satu alternatif adalah digalakkan. Anda boleh menghubungi saya utk mendapatkan harga. Stok adalah berdasarkan kepada harga harian pasaran.

Sebagai pengenalan, harga semasa Perak adalah dalam lingkungan Rm 1900- 2000/ 1000 gm. Sesiapa yg berminat boleh hubungi utk keterangan lanjut.

PERINGATAN: (Produk yg dijual adalah dalam bentuk mentah (raw material) )
Sila lihat gambar untuk lebih jelas.

Once Upon a Time

ONCE UPON A TIME, debtors went to prison, cocaine was an ingredient in soft drinks and women could not be trusted to cast an intelligent vote, writes Eric Fry in the Rude Awakening.

But today, debtors go to "loan modification specialists", cocaine vendors go to prison, and NO ONE can be trusted to cast an intelligent vote.

From generation to generation, social conventions change...mostly because the conditions that shape conventions change.

One generation faces adversity; the next generation reads about it. One generation labors; the next generation plays. One generation struggles to accumulate wealth; the next generation squanders it.

Last night, my eldest son tried to exterminate an invasion of ants by spraying them with Axe aftershave. As the potent scent spread through the house like desperate males through a nightclub, his father nearly suffocated.

"Hey Noah!" I yelled downstairs. "What the heck are you doing?! Did you try to kill those ants with Axe?"

"Yeah, but it didn't really work," he replied.

"Duh!" his annoyed father replied. "What were you thinking? Did you think that ANYTHING in an aerosol can would simply work like ant spray?"

"I dunno. I just thought it might work," Noah explained.

For some reason, this little incident reminded me of my grandfather, "Bramp"...and how little Noah resembled the man.

Bramp would never have sprayed ants with cologne. DDT, yes. Cologne, never. He didn't mess around with half-measures. Bramp kept a loaded Colt 45 under his mattress and would not hesitate to draw it at the slightest inexplicable nighttime sound. He was not mean-spirited or paranoid, just hyper-vigilant.

My grandfather guarded his savings as passionately as he guarded his home. Bramp spent 20 years in the Army, and 85 years saving pennies. He cared about saving, protecting, guarding and, in every possible way, hanging on to what was his. He was a cheapskate, yes...but also so much more than that.

Bramp carried more keys on his belt than a locksmith. He locked everything...every door, cabinet, case or hinged item of any kind. He also used to stockpile enormous quantities of canned goods in his garage.

As one of the many millions of Americans who lived through two World Wars and a Great Depression, Bramp had learned to fear deprivation and sub-optimal outcomes. He had learned to shun risk. By contrast, Bramp's great, great grandson, Noah, never gives a thought to deprivation. Why would he? The refrigerator is always full and his dad still draws a paycheck. Noah never worries that his circumstances might change for the worst. Why would he? It hasn't happened yet...to him. But circumstances have changed for the worst for millions of Americans.

Nearly one year ago, the financial markets crumbled, government officials warned of a potential economic meltdown, and for the very first time in their lives, an entire generation of Americans began to imagine that things might get worse, not better. An entire generation began to consider the possibility of adverse outcomes. It considered the possibility of job losses, mortgage foreclosures, and yes, even the possibility that the stock market might fall a lot.

For many, many Americans, these horrifying fears actually came to fruition. Millions have lost their houses; millions more have lost their jobs; and tens of millions more have lost large percentages of their savings. These are realities. These are facts.

And yet, many of the geniuses on Wall Street - who would be unemployed geniuses if the federal government had not intervened - say to one another, "Hey, this recession isn't so bad. Looks to me like this whole thing is just about over."

And maybe they're right. Or maybe they just don't realize that failing businesses usually fail. Maybe the Wall Street seers fail to understand that most Americans work for enterprises that the government will NOT rescue.

Thus, Americans are still losing their jobs - day after day, week after week. Americans are still refusing to borrow and spend or invest. They're still incapable of borrowing and investing. They're still saving what they can and spending as little as possible.

These traits, dear investor, are not the traits that typify and nurture an economic recovery. Rather, these are the characteristics of an economy in distress - the kind of economy that tempts ham- fisted Washington bureaucrats to "solve" the problem but pouring newly minted Dollars into the economy.

CHINA Dumping Dollars for Gold?

Dumping Dollars for Gold?
This one is still at the rumor stage, but highly-respected website Mineweb.com reports that the Chinese sovereign wealth fund is selling US Dollars at a rapid clip. Might it be looking to Buy Gold too?

What we know for sure is that the country founded its primary sovereign wealth fund, China Investment Corporation (CIC), two years ago. Its stated aim is rapidly deploying some of its $1.5 trillion forex surpluses – $200 billion initially, with another $100 billion recently added to the kitty – into investment in non-Chinese enterprises. Thus it's been acquiring businesses around the globe, mining companies among them, including Teck Corp., the diversified Canadian mining giant.

We don't know for sure that CIC is Buying Gold, but it seems likely to us here at Casey Research. And, in addition, rumors sneaking off the mainland indicate that within the CIC, a lot of effort is being poured into prospective investment deals in the oil and precious metals sectors. The more it produces, the more it can keep.

The Chinese have made no secret of their disdain for current American economic policy and what they see as the inevitable destruction of the Dollar. That they would be moving to diversify out of the greenback shocks precisely no one, and gold is one logical landing place for all those bucks. We suspect that's exactly what is happening, behind the scenes

The UN suggests replacing unbacked US Dollars with notional SDRs. Why...?

WE READ WITH interest earlier this week a call from the United Nations Conference on Trade & Development for a new global reserve currency, writes Kris Sayce for Dan Denning's Australian Daily Reckoning.

Apparently the current set-up of having the US Dollar as a reserve currency isn't working very well. They're quick learners at the UN obviously!

"The Dollar-based reserve system is increasingly challenged," the UNCTD opines with slight understatement. If "increasingly challenged" were a euphemism for "dead" then we'd agree.

But what do they plan replacing the Dollar with? Special Drawing Rights, or SDRs. If you've got no idea what that means, it's simple.

An SDR is something made up by the boffins at the International Monetary Fund (IMF) to act as an "international reserve asset". The rationale for the creation of the SDR was that "the international supply of two key reserve assets – Gold and the US Dollar – proved inadequate for supporting the expansion of world trade and financial development that was taking place."

Look, I won't pretend to be a grade 'A' student of monetary theory, but to me the creation of the SDR is part of the reason the global economy is in this current mess. That gold was deemed to be inadequate for "supporting the expansion of world trade and financial development" tells you that's when the Western world begun its massive spending spree.

Back in 1969 with the creation of the SDR, we got a spending spree that couldn't be achieved just through stealing money from citizens through the tax system, but one which could only be kept going by the creation of more money. It was, you could argue, the beginning of the "Consume, don't produce" Western economic model.

The problem that SDRs "solved" was the ability to crank up the printing press. Of course that didn't happen straight away. There's always a transition with these things.

First, as it happens, and like the US Dollar, the SDR was backed by Gold. But if you're creating a new reserve that you want to be more flexible than gold – because you want to print more money and spend it. So backing it with gold isn't going to work.

Because backing a currency with gold helps to maintain the value of the paper currency. If you know that your $1 note is redeemable for a set quantity of gold then it will maintain value. Which means the banks can't – or shouldn't – create more paper money than the reserves they have in gold to back it up.

Simply put, Gold creates and requires discipline. Something that bankers and governments in the 1960s weren't happy with. The 'inflexibility' of gold made it harder to for governments to spend and made it harder for banks to lend.

Therefore the creation of the SDR was a stepping stone to abandoning the reserve status of gold. And sure enough, two years after the SDR was invented, US President Richard Nixon closed the gold window at the Federal Reserve and there was no longer any obligation for US Dollars to be exchanged for a fixed weight of gold.

Instead the US Dollar was backed by nothing, and so the SDR was backed by the US Dollar and other currencies which were also backed by nothing.

Yet it is this worthless SDR which is being touted as the new reserve currency. Why should it make any difference? It won't. An SDR is just a weighted basket of other currencies. Unless it is backed by something tangible, such as gold, then it will prove to be equally as worthless as the US Dollar it is replacing.

Perhaps bankers and governments will see the error of their ways and make a call for these new SDRs to be back by gold...?

Not a chance.

There are several reasons. One, as mentioned above, is that gold forces a government and its central bank to be disciplined. It cannot circulate more money without having a corresponding increase in its gold reserves.

If it were to do so then the paper money – or certificates – would not be fully backed by gold. This would cause the value of the paper to decrease – the greater supply of one thing relative to another devalues it.

If people got wind that the central bank was printing more money without increasing its reserve of gold, there would be an increased demand for physical gold. There would be a run on the banks.

The other problem gold has is an image problem. Take this comment from a recent article by Alan Kohler over at Business Spectator:

"But while there's no doubt the gold will continue to be underpinned by the demise of the dollar, it is not a currency. I can't go into JB Hi-Fi with a lump of it and buy a TV.

"Central banks around the world own about 26,000 tonnes of it, which represents 8.5% of total reserves, but it's not legal tender. It's just a commodity they got stuck with because it used to be a currency a long time ago and will never be again."

This represents the common attitude of the mainstream press to gold. They don't understand that it is a store of value. Kohler claims you can't go into JB Hi-Fi and buy a TV with a lump of gold. He's quite correct on that score. But it wasn't so long ago that is effectively what consumers did. Maybe not for TVs but for other items.

Under a gold standard where your Dollar (whether US or Aussie) was backed by Gold, consumers were exchanging a gold backed dollar for goods. It was an exchange of gold for goods, only that a paper note was used as a proxy.

What's so crazy about that? Nothing.

But if you look at Kohler's other comment about 26,000 tonnes of gold being only 8.5% of total reserves, it gives the game away for the real reason bankers and governments don't want a gold backed currency.

Limits on inflation.

It's no coincidence that since the early 1970s, global paper currencies have lost about 90% of their purchasing value. Virtually every currency you name is worth significantly less today than it was forty-odd years ago.

That's not because prices have risen, it's because currencies have become devalued. And as Kohler, perhaps unwittingly admits, central banks and governments have embarked on a massive money-printing exercise.

If paper money still had the backing of gold, then global economies would not have one-tenth of the current problems we are currently facing. The fact that the UN and other government organizations are proposing to replace one currency backed by nothing with another currency backed by nothing signals they are either ignorant or are intentionally pursuing policies guaranteed to deliver economic destruction.

And more importantly to you, to guarantee the continued devaluation of your money and wealth.

Gold Jumps to $1021, Gains in All Currencies as Bonds, Stocks & Commodities Rise Together on Central-Bank Liquidity

Gold leapt to a fresh 18-month high versus the Dollar in Asian trade on Wednesday, adding 7.2% from the start of Sept. as world stock markets reached 12-month highs and commodity prices rose together with government bonds.

Pushing up to $1,021 an ounce in London trade, gold also touched its best level for UK investors since late April at £616 an ounce.

Eurozone investors now Ready to Buy Gold saw the price add 1.6% from Tuesday's low, but it held shy of last week's 5-month high near €700 an ounce as the single currency jumped on the forex market, breaking a fresh 2009-high vs. the Dollar.

"Although the declining Dollar has been one of the catalysts for gold's rise, it is also important to note that gold bull markets are usually characterized by the metal making headway in all currencies," writes South African fund manager Prieur du Plessis in his Investment Postcards today.

"This is now happening with bullion rising in terms of most major (and minor) fiat (paper) currencies."

"Gold Prices tend to show a high correlation with increases in liquidity," noted Merrill Lynch analyst Michael Widmer in a report on Monday, "and central banks around the world have pointed out that they are unlikely to remove monetary stimulus any time soon."

On Tuesday, both US chief central banker Ben Bernanke and his UK counterpart Mervyn King said their economies were "technically" out of recession.

Neither the Fed nor Bank of England is expected to raise interest rates from their current near-zero record lows, however. In parliamentary testimony in London, King said yesterday he may cut the interest rate paid by the Bank of England on commercial-bank deposits below zero, forcing them to seek positive returns by lending more freely to households and business. (Read about Sweden's Sub-Zero Rates here...)

Dinar Halal Hub

Petang tadi saya telah terima satu lagi koleksi 1 dinar. Ya, Dinar Emas kohalal-Hub. mmmm.. memang cantik.. Bukan sahaja cantik, tetapi berasa bangga kerana ada usaha daripada bumiputera untuk memajukan industri emas ini. Syabas kepada Ustaz Rafidi dan rakan2...!!!

Selain daripada penjualan emas dinar ini,banyak lagi perkhidmatan yg disediakan oleh Syarikat Kohalal-HubDinar Emas ini. Antara lain ialah menjual dan beli jongkong emas, khidmat simpanan dinar, membeli barangan kemas dan lain-lain lagi.

Apa yg menarik perhatian saya ialah program menabung emas untuk Umrah dan Haji. Memang secara teori ramai mengetahui dengan menabung (meyimpan) emas untuk menunaikan haji adalah perkara realistik. Cuma secara praktikal masih belum ramai yg cuba utk mengusahakannya. tetapi dengan inisiatif mereka, kita dapat memudahkan urusan penyimpanan tersebut.

Walau bagaimanapun, saya masih dalam peringkat kajian dan memahaminya... Jika telah faham sepenuhnya saya akan cuba menerangkan kepada anda semua. Atau, bagi yang sudah memahami atau sudah menyertai program ini, bolehlah berkongsi idea bersama2 di sini.

Akhir kata, amat mudah utk membeli dinar emas ini drp syarikat Kohalal-Hub Dinar Emas. Anda akan dilayan dan diterangkan secara terperinci drp website mereka... Jika tidak faham terus telefon Ustaz atau wakil mereka..

Wassalam

A Floor Beneath the Gold Price...?

CHENG SIWEI, former vice chairman of the Standing Committee of the Chinese Communist Party was recently quoted as saying Beijing is dismayed by the "credit easing" coming out of the US Federal Reserve, writes Byron King for Whiskey & Gunpowder.

"If they [the Fed] keep printing money to buy bonds," said Mr. Cheng, "it will lead to inflation, and after a year or two, the Dollar will fall hard.

"Most of our [Chinese] foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into Euros, Yen and other currencies."

He was referring to over $2 trillion of Chinese foreign reserves, the world's largest holding – and "Gold is definitely an alternative," said Cheng.

"But when we Buy Gold, the price goes up. We have to do it carefully so as not to stimulate the market."

From Mr. Cheng's lips to God's ears...and now to ours. We have direct testimony from a high-level cadre that China, while cautious, is a key driving force in the gold market. China is buying.

We already knew that the Chinese are Buying Gold and hoarding it. For example, China is the world's largest gold-mining nation. China mines more gold each year than the US or South Africa. Yet what are the net gold exports from China? Umm...zero. That is, China doesn't export gold (unless you buy a Panda coin). Overall, in fact, China is a net importer of gold.

Sure, the Chinese use gold in industry, such as for electronics, jewelry and fast-rising private investment. But much of the rest of Chinese gold purchases go into state coffers, or into "off-books" storage. I'll bet that there's a lot of gold in "industrial stockpiles" in China, which are really just strategic monetary reserves for China's Central Bank.

The implication from Mr. Cheng is that the Chinese will not overbuy gold, which may be why the yellow metal has hovered just below the $1,000 mark per ounce in recent weeks. At the same time, it's more than likely that China will Buy Gold whenever there's a price dip.

The significance is that the Chinese seem to be prepared to establish a floor under any correction in Gold Prices. This limits the downside, I believe, as well as potentially putting a floor beneath well-positioned Gold Mining stock, such as my subscribers hold in the Energy & Scarcity Investor portfolio.

Is there an upper limit to Gold Prices? Well, I expect to see the Gold Price rise, but slowly and in a long series of plateaus. I also expect to see pullbacks, usually based on world monetary and political events.

So we'll surely have some roller-coaster rides with the prices for the mining shares. How it all unfolds for us as investors will depend on when, and to what degree, monetary-driven inflation begins to bite into the economy. When it becomes totally obvious, it'll probably be too late to protect and preserve your wealth and purchasing power.

The problem for us in the West is that most of the politicians and major media just DO NOT GET IT. Or at least, the ones that do "get it" generally don't report things honestly to the citizens. They're probably afraid of what might happen when the citizens really figure out how much the political classes have screwed up the world.

So you see these rosy-sounding headlines about how the economy is "improving" and things are "getting better." Huh? What planet are these guys on?

The tide of inflation is rolling in. It'll lift the boats of Gold and the gold miners.

Gold, other commodities rise amid weaker dollar

Wednesday September 16, 2009 MYT 8:01:00 AM

NEW YORK (AP): Gold prices bounded higher Tuesday, supported by a weaker dollar and a report showing a bigger-than-expected jump in inflation

Report: Firms gave out RM140bil in bribes

PETALING JAYA: Companies in developing countries have been giving bribes to corrupt politicians and government officials amounting to US$40bil (RM140bil) every year, says a report on global corruption.

The Global Corruption Report 2009: Corruption and the Private Sector (GCR) conducted by Transparency International (TI), also revealed that half of international business executives polled estimated that corruption raised project costs by at least 10%.

Consumers around the world were overcharged about US$300bil (RM1.5tril) through almost 300 private international groups discovered from 1990 to 2005, the report added.

TI Chair Huguette Labelle said there was a need to foster a culture of corporate integrity to protect investment, increase commercial success and ensure the stability sought by poor and rich countries, especially during the economic crisis.

“Basing a company or fund’s future on personal relationships and unpredictable systems or simply operating in a dark space without oversight and accountability is a path to guaranteed failure,” he said in a statement yesterday.

“Winning on anti-corruption means adding to the bottom line.

“It is time that corporations face up to the risk of paying millions in fines and the long-term loss of trust from their customers and shareholders,” said Labelle.

The GCR is a yearly publication from TI that compiles expert research and analysis from around the world with a focus on corruption.

It consists of more than 75 experts examining the scale, scope and devastating consequences of corporate corruption.

The report is complemented by 45 in-depth country reports along with the best practices and recommendations to combat graft.

Buying Gold is 'good hedge' against falling dollar

Prominent gold analyst David Thurtell claimed today (September 11th) that weakness in the US dollar is prompting investors to Buy Gold, Reuters reports.

Gold Prices have pushed past $1,010 per ounce - their highest level for 18 months - after falling back following their initial rise into four-figure territory earlier this week.

Now Mr. Thurtell from Citigroup, which has the world's largest financial services network, has explained that the struggling greenback - which has an inverse relationship with gold - is the reason behind the yellow metal's gains.

He told the news provider: "The dollar seems like it could be heading for $1.50 against the euro. There are bound to be people seeking currency hedges and gold's a good one."

Those comments come after James di Georgia, who produces the Gold and Energy Advisor, also predicted that gold prices will enjoy a strong performance in the long term.

Mr. Di Georgia, whose views often appear in leading publications such as the New York Times and US Today, explained that the metal could reach as high as $1,200 per ounce.

"When you have such a large part of US population convinced we're running to hell in a handbasket with federal spending, you're going to have a large part of the population buying and taking possession of gold out of fear of what's going on," he told cnbc.com.

Gold Bullion's longer-term momentum "remains intact" - Tuesday 15th September 2009

Gold's long-term future is still bright despite short-term losses, an analyst says.

The price of Gold Bullion slipped today (Monday, September 14th) on the back of increasing interest in the dollar and oil weakness.

However, those who see Investing in Gold as a long-term prospect have been advised that these short-term losses are not indicative of a wider trend, Bloomberg reports.

According to Hwang Il Doo, a senior trader with KEB Futures Co. in Seoul, long-term demand for the yellow metal is likely to hold steady as concerns about inflation prevail.

"Gold is in a modest consolidation stage as the dollar rebounded," he told the news provider.

"The upward momentum over the longer term remains intact as more people are looking for shelter from a potentially inflationary environment."

Last week, David Thurtell told Reuters that the weakness of the dollar was also major factor behind gold's recent surge.

In an interview with the news provider, he said: "The dollar seems like it could be heading for $1.50 against the euro. There are bound to be people seeking currency hedges and gold's a good one."

Investors Running to Gold

Bloomberg reports that a clear majority of those polled thought the world economy was recovering. With no more fear of the deflation devil investors feel they are in the arms of angels. Surely Ben Bernanke watches over them as they sleep. Even the President of the United States thinks he saved the nation.

As for Tim Geithner, he takes no chances; he sings his own praises. Speaking to a gathering of the G20, he congratulated them all:

"Facing the greatest challenge to the world economy in generations, the G-20 gathered here in London and committed to an unprecedented program of policies to restore growth and reform the international financial system. Those actions have pulled the global economy back from the edge of the abyss. The financial system is showing signs of repair. Growth is now underway."

Stocks are still up. Commodities too. Oil is over $70. And most encouraging of all: the 10-year US Treasury note yields only 3.47%. So what evil is sending investors running to the protection of Gold? None at all, say the papers; investors Buy Gold in anticipation of better times. They see a recovery, bringing with it tightened supplies and rising demand.

Every economist, investor and hair stylist knows what this means – inflation. But if growth is underway, investors should be glad there is not more of it. The key indicators of real economic progress are negative. Unemployment is not rising; it is falling. Nearly 7 million Americans have lost their jobs since the recession began. In California, only 3 of 5 working age residents have a job. And those who are still working are putting in the shortest workweeks ever recorded. How could the economy be growing with fewer people earning money? The New York Times attempted to explain the enigma by calling it a "jobless recovery". But a recovery without jobs is like a loveless marriage or a fat-free burger – it is disappointing.

Another key indicator is personal spending. Not surprisingly, that is down too. Personal spending in the United States has fallen in four of the last six quarters – something that has never happened before, not since they began keeping records in 1947. The level of consumer spending is down 33% from a year ago, with discretionary spending in the United States now down to a level it hasn't seen in 50 years.

Consumers aren't spending partly because they have no money...and partly because they apply what money they have left to relieving the headache from their previous binge. A report this week showed they had reduced their hangover of personal debt in July by more than $21 billion...four times as much as economists forecast. These are, of course, the same economists who pimp for the angels at Bernanke & Co. If they're right, we have a spending-less, jobless recovery pushing up the price of Gold.

We offer an alternate interpretation. We begin with a doubt about the one now on the table. In the popular version, the more the recovery seems real, the more investors fear real inflation. This drives them to Buy Gold. Of course, it should drive them to sell US Treasury bonds too – which hasn't happened. Nor has inflation gone up. And if this view were correct, we should begin to see remedial measures from the US central bank.

The Fed should soon begin to withdraw its monetary stimulus, returning the economy to a kind of normalcy it hasn't seen in years. The risk, not insignificant, is that Fed economists will err. They may loosen monetary policy too slowly or too quickly. Asked about the risk, Janet Yellen, President of the Fed's San Francisco branch, promised to avoid the error of 1937; she will not "tighten policy too soon, aborting the recovery."

Gold bulls are counting on her. And they may be right. But here on the back page, we add a nuance. We're not surprised by an occasional Fed error. What surprises us is the rare accidental success. There are 500 basis points between zero and 5%. It would take a miracle for central bankers to find exactly the rate the market needs precisely when it needs it most. The '37 error, for example, might have been a success. At least it sped up the process of liquidation so the decks were clear when the post-war boom finally came.

Maybe we'll get lucky and the Fed will make the same error again. Not likely. This time they'll make a different error...adding too much cash and too much credit for too long a time. Today's 'recovery' is based on hot money from the feds. It's a fake. It won't cause real growth. When this becomes clear, commodities will sink – along with stocks...and Gold. Central banks, ignoring the futility of their hot money program so far, will add even more hot money.

Eventually, the hot money will cause inflation to rise and gold to 'melt up'. Gold bulls will be proven more right than they imagine. But they may be proven wrong first.

Dan Ferris: The No. 1 reason gold is above $1,000

By Dan Ferris in Extreme Value:

Something I haven't seen in the press much is that, the more fixing the government does, the worse the ultimate result will be.

The size of the bailout so far is absolutely unprecedented in all of history. Last November, ace researcher James Bianco did some math and found bailout spending at that time was equal to the inflation-adjusted cost of the Marshall Plan, Louisiana Purchase, Race to the Moon, S&L Crisis, Korean War, New Deal, Iraq invasion, Vietnam, and NASA – combined. Only World War II rivaled the bailout. And that was back in November.

All that spending originates as borrowing, and there's no way it'll ever be repaid. It'll be inflated away by the Federal Reserve's monopoly on money creation. That will erode the value of the money in your pocket, in your bank account, and, yes, in your stock portfolio, too.

That's why gold is pushing $1,000…

Crux note: Dan Ferris is the editor of Extreme Value. To learn his top recommendation right now – what he calls "Gold-Backed Annuities"

US stocks fall after five days of gains

NEW YORK: Investors pulled money out of stocks Friday after a five-day rally left the market at its highest levels in nearly a year.

Stocks slipped in quiet trading after the recent string of gains and a drop in oil prices.

Crude slid 3.7 percent, which hurt some energy stocks like Exxon Mobil Corp.

Mencari Lailatul Qadr

Salam,

MAsuk hari ke 23 berpuasa. Maka malam ke sepuluh terakhir adalah malam bekerja keras bagi yg ingin mendapat ganjaran malam seribu bulan iaitu Lailatul Qadr. Banyak masjid menganjurkan Qiyaamullail berjemaah.. semua ini adalah salah satu cara utk kita berusaha mendapat gajaran tersebut.

Alhamdulillah bagi sesiapa yg mendapatkannya. Mereka itu adalah orang2 yg terpilih. Maka, jka berusaha pasti Allah akan menganugerahkannya kepada hamba2 Nya. Dalam pada itu, untuk memantapkan kekusyukan... cubalah anda mendengar bacaan Ayat Al Quran drp Syeikh Mishary Alafasy.

Selamat beribadat dan berdo'a dikurniakan rezeki yg halal.


Salam

Pokok Emas sebagai Pelaburan

Jenis : Pokok Gaharu
Baka : Akilaria Subintegra
Akilaria Crassna
Negara Asal : Burma
Grade : AA (Double A)
Tinggi : 1 meter dari permukaan tanah
Tempoh Matang: 7 tahun.
Harga : @RM15-00 /sepokok termasuk transport
· Untuk Negeri Johor Sahaja (boleh dirunding jika luar Johor)
· Minimum order 500 pokok / 0.5 ekar.

KHASIAT POKOK GAHARU

Pokok Gaharu mempunyai nilai komersial yang tinggi di pasaran. Ini adalah kerana hanya daun pokok Gaharu bergred AA boleh dijadikan teh. Daun teh Gaharu ini mampu mengubati penyakit berat antaranya darah tinggi, kencing manis dan membuang toksin dalam badan.
Manakala getah yang terkandung didalam batang pokok Gaharu boleh dijadikan bahan minyak wangi dan mempunyai harga yang tinggi dipasaran dunia.

KEADAH PENANAMAN GAHARU

Pokok Gaharu merupakan sejenis tumbuhan dari hutan yang mudah dijaga dan tidak memerlukan penjagaan yang rumit.
Satu ekar tanah boleh menanam sebanyak 1000 batang pokok Gaharu pada jarak pokok 4 kaki persegi bagi setiap pokok.

PELUANG PELABURAN JANGKA MASA PANJANG

Peluang ini terbuka kepada pemilik-pemilik tanah atau badan-badan korperat atau pengusaha-pengusaha ladang atau pelabur-pelabur atau petani-petani moden untuk membuat pelaburan jangka masa panjang. Ini adalah kerana pokok Gaharu memberi pulangan yang lumayan kepada pemiliknya.
Berikut contoh modal dan keuntungan :-

1000 pokok = 1 ekar
1 anak pokok Gaharu = @RM15-00
Purata berat tempoh matang bagi setiap pokok sehingga 100 kg
Kos baja dan buruh bagi setiap pokok = @RM40-00 selama 7 tahun.
Harga jual = @RM15-00 per kg.
100 kg x @RM15-00 = @RM1500-00 sepokok
RM1500-00 x 1000 pokok = RM1,500,000-00.

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How tuy Gold

Membeli Goldbar

AL FATIHAH

2 pegawai TUDM maut, pesawat terhempas di lapangan terbang

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World's biggest gold producer to eliminate hedges, raise US$3b in share offer

TORONTO: Barrick Gold Corp., the world's biggest gold producer, said Tuesday it plans to eliminate all of its gold hedges and raise US$3 billion in a share offering to help pay for the move.

The Toronto-based company cited the bullish outlook for gold.

Its announcement came on a day the price of the metal rose above $1,000 per ounce to its highest level since March 2008.

Gold hedges are futures contracts that commit a company to selling the metal at set prices.

While hedges guarantee certain cash flows, they often commit a metals producer to ship the gold at prices lower than the current spot price.

Barrick's decision to pay off its hedges amounts to a bet that gold prices will keep rising.

Gold price touches highest mark in 18 months, US$ down

NEW YORK: Gold pushed above the US$1,000 mark Tuesday for the first time since February as hopes for an improving economy fed a broader rally in commodities.

It had risen as high as $1,009.70, the first time it topped $1,000 since early this year and the highest level since mid-March last year.

Gold closed under $950 on Aug. 27.

December silver jumped 22.5 cents to $16.510 an ounce and hit a 13-month high of $16.860.

A weaker dollar also drove prices higher, analysts said.

The gains also came after the Group of 20 leading economies pledged at a weekend meeting in London to maintain higher levels of government spending and low interest rates to help the world's economies recover from recession.

Concerns that a recovery could spark inflationary pressures helped lift prices for gold, which investors often use as a hedge against inflation.

Betul ke Cerita ni???

Masuk hari ke 19 umat Islam berpuasa. Dan Ramadhan semakin mahu meniggalkan kita. Bagi org2 yg beriman dan beramal soleh pasti merasa sedih dgn baki hari bulan Ramadhan ini. Namun rata2 mungkin merasa gembira dengan kehadiran Syawal, di mana rata2 pasaraya di Malaysia ini dipenuhi orang utk membeli persiapan hari raya.

Bulan Ramadahn juga adalah bulan yg dilimpahi dgn rezeki Allah swt. Di mana para peniaga memperolehi keuntungan luar biasa berbanding hari2 biasa. Para peminat, peniaga emas juga tidak ketinggalan, di mana di tengah2 Ramadhan ini.. harga emas melambung naik. Sehinggakan harga FGJAM yg "stagnant" sejak May yg lepas pun turut berubah menaikkan harga mereka. Drp RM 130/ gm utk 999 berubah ke RM 135/gm semalam.
( yg mana biasa dilihat harga lambat nak turun jika harga jatuh... tapi, cepat jer bila harga naik)

Tapi harga minyak naik masa bulan Ramadhan bukan rezeki bagi rakyat la..... hu hu hu

Tidak ketinggalan juga Public Gold dgn harga2 yg mengikut harga semasa turut memperlihatkan kenaikan yg mendadak. Persoalannya di sini, betulkah agen2 PG ini tidak mahu atau berat utk membeli kembali emas mereka. Ini kerana banyak rungutan yg didengar dari kalangan pembeli , lebih2 lagi di saat2 kenaikan harga ini. Jika ini benar, maka tidaklah bagus utk jangkamasa panjang bagi syarikat ini. Mereka haruslah bertanggungjawab dengan apa yg mereka tawarkan kepada pembeli. Jika nak beli, cepat jer nak duit drp customer.Nak jual, kadang2 telefon pun tak angkat. Jangan kita jadik pulak macam bank yg ikut sistem "Yahudi" ni.... Berapa banyak prosedur perlu dilalui dan memakan masa yg panjang jika kita nak keluar duit. Sebagai contoh Mutual Fund, kalau kita nak withdraw duit... perghhh!!!! makan 1 mggu ke 2 mggu tu... Cuba belum masuk, hari2 call tanya bila kita nak join.... HAMPEH... Dah la tu, kalau kita keluar duit, bising dan report lak kat BN cakap customer ambik duit nak invest kat skim cepat kaya....!!!! (dalam erti lain mengelabah la tu)

Namun begitu, saya mengharapkan rungutan seperti ini tidak benar. Dan jika benar kita sebagai pengguna harus membuat sesuatu agar hak kita dilindungi. Dan saya mengharapkan pihak PG lebih bersikap telus dan terbuka dan polisi jual haruslah seimbang dgn polosi membeli semula. Jika senang nak beli, maka sepatutnya senang le jugak nak jual semula.

Namun, sebagai langkah jangka masa pendek ini, terdapat beberapa kawan2 kita yg mampu utk membeli semula emas PG itu. Sebagai contoh EFG. (Boleh "temui" mereka dalam Jutawan Emas.)Tetapi oleh kerana permintaan ramai, harga yg dibeli semula adalah mengikut harga tawaran PG jugak.. Mana nak larat beb... ramai tu.. Kalau cam saya yg "CIPUT" ni hanya ambik 20 gm la buat masa nih... hu hu hu


Sekian dulu.... Terima kasih dan selamat berpuasa dan menjalani ibadah di bulan Ramadhan al Mubarak.

Artikel drp Website Ust Rafidi

Memang menarik dan perlu dibaca bagi yg nak menceburi bidang ini... ataupun yg dah menceburinya dgn menjadikannya sebagai satu garis sempadan yg mana haruslah tidak melangkaui batas2 yg telah disyarakkan oleh Islam.

Gold's 6-Month High "A Flight to Safety" as Dollar Gains, Rumors Abound

- Friday 4th September 2009

European stock markets bounced 1.2% from their mid-week sell-off. Gold priced in Dollars stood 3.3% higher from this time last week.

"The exciting part of this Gold up-move," says Scotia Mocatta, "is that it comes without US Dollar weakness."

"There has been a flight out of risky assets into Gold as a safe haven," reckons Peter Fertig of Quantitative Commodity Research in Germany, speaking to Bloomberg. "It's been out of stocks."