DinaTalib.Blogspot.Com ~ Personal Views

Yesterday in Gold and Silver

Gold didn't do a whole heck of a lot in Far East trading on Wednesday, but the price was up about a percent shortly after 2:00 p.m. Hong Kong time...and that was the high print for the gold price in the Far East.

From there it went into a very slow, quiet decline that lasted until minutes after the New York open yesterday morning. The price bottomed at Tuesday's closing price in New York...and after that, a rally began. This rally ended just a few minutes before the 1:30 p.m. Eastern time Comex close...and the gold price pretty much traded sideways from there.

By the close of the New York electronic market at 5:15 p.m. Eastern time, gold was up $20.90 at $1,725.50 spot. Net volume was around 140,000 contracts.

The silver price pattern was a totally different animal to gold's price action yesterday...and was far more 'volatile' and, if you hadn't already noticed, it has a tendency to be more 'volatile' every day compared to gold. It was obvious to me that every time that the silver price tried to break out anywhere in the world on Wednesday, a not-for-profit seller was close by.

The high of the day [probably a hair over $34.00 spot] came shortly before the London a.m. silver fix at noon local time. After that, the price was never allowed to get very far...and had a downward bias for the rest of the day.

Silver closed up one thin dime from Tuesday's close at $33.37 spot. Volume was pretty decent at around 34,000 contracts net.

Here's the New York Spot Bid price for silver yesterday, to give you a closer look at the price action in the market where it really matters. You can see the actions of the not-for-profit seller quite clearly...although there is a chance that this could have been the small Commercial traders [Ted Butler's raptors] dumping their long positions for a profit. However, it's a stretch to think that a 'for profit' seller would ever exit a profitable long position in such a price-disrupting manner.

The stocks did just OK yesterday, but I'm hard pressed to explain the decline in the gold stocks starting about 10:25 a.m. Eastern time. In the space of less than 20 minutes, the HUI declined three percentage points. There was a tiny $12 drop in the gold price during that time frame, but a sell off of that size in the shares to go along with it, seemed like a bit of an overreaction.

But, when all was said and done, the HUI still finished up 1.04% on the day.

Despite the fact that silver was only up a dime on the day, most of the silver shares did much better than that...and Nick Laird's Silver Sentiment Index closed up a respectable 1.85%.

(Click on image to enlarge)

The CME's Daily Delivery Report showed that 66 gold and 7 silver contracts were posted for delivery on Friday. Most of the delivery action in gold centered around JPMorgan. The link to the 'action' is here.

There were no changes reported in either GLD or SLV yesterday.

The U.S. Mint had a smallish sales report yesterday. They sold 1,500 ounces of gold eagles along with 40,000 silver eagles.

And, for the second time in a week, the action at the Comex-approved depositories on Tuesday is not worth mentioning.

1 Tonne Gold Kangaroo Coin

Up until yesterday, Canada held the record for the largest gold coin in the world...a 100 kilogram monster that was produced by the Royal Canadian Mint some years back.

My good friend Bron Suchecki at The Perth Mint sent along this photo of the world's now-largest gold coin in the world...a 1,012 kilo leviathan.

(Click on image to enlarge)

There's also a way to view it in three dimensions...and see how it was made. The link to that is here...and is a must read/watch/listen. The West Australian newspaper also did a big story on it...and here's the link to that.

Silver analyst Ted Butler posted his mid-week commentary yesterday for his paying subscribers...and I've expropriated a couple of paragraphs for you.

"As far as the timing of the implementation of the all-months-combined position limits [in silver], it would appear to be at least a year or two from now. Upon first hearing of the time delay, most come to the conclusion that the silver manipulation will remain a crime in force for the next year or two. Perhaps that will turn out to be the case, but I don’t think so. Markets have a way of discounting and adjusting to certain known events before enactment, even manipulated markets. Further, a trader would garner unwanted regulatory attention were he to play over position limits up until the deadline.

"Of more concern is the current level of proposed silver position limits of over 4,500 contracts (22.5 million oz). This level is three times the 1,500 contract level requested by thousands in the public comments. The question becomes is the level so high as to negate the anti-manipulative protections promised by legitimate position limits? While I could make the case for 1,500 contracts in my sleep, the staff’s formula is a good first step in silver position limits. Everything is relative. 1,500 contracts would be a better level than 4,500 contracts, but 4,500 is a heck of a lot better than what we have now, which is no limit at all, thanks to the CME which only seems to exist to reward its biggest members and punish the public by promoting manipulative trading practices . Certainly, JPMorgan is currently short more than three times the amount of the proposed silver position limit, so one would think they have some short covering in store or som e fancy explaining to do. Time will tell, but my reaction to what just transpired is positive.

I have the usual number of stories for you again today...and, once again, I will leave the final edit up to you.

HOW FAR WILL GOLD FALL?

2011-09-28T08:09:00.000-07:00

28 September, 2011

How far will gold fall?

Recommended article: It’s not all doom and gloom for Britain
Yesterday’s close: FTSE 100 up 4% at 5,294... Gold up 1.46% to $1,650.13/oz... £/$ - 1.5634

From Dominic Frisby, in London

Dear Dina Talib,

Don’t panic, Mr Mainwaring, don’t panic.

Yes, gold’s been hammered. Yes, silver’s been hammered even harder. Yes, it’s ugly out there. But it’s all perfectly normal.

It’s happened before. In fact, it usually happens once or twice a year. It always seems to happen when the Chicago Mercantile Exchange changes its margin requirements. And it’ll happen again.

And if you’re one of those people who wished they’d bought gold but didn’t because the price had gone up too much, now’s your chance.

A nasty fall for gold

Let me start with the ten-year, log chart of gold. I have drawn some parallel trend lines on either side. As you can see, gold went to its upper trend line, then bounced off it, just as it did in May 2006 and February 2008, the previous occasions when gold got too far ahead of itself.

Based on this chart, the gold price could fall to $1,200 an ounce and there would still be an argument that the bull market is intact. Unless this exceeds the ugliness of 2008, I don’t think it’ll do that.

So how far have we fallen? The high earlier in the month was $1,920 and on Monday morning we touched $1,530. Almost $400. That’s quite a wallop.

But at the beginning of July gold was at $1,480. We’re higher than we were at the beginning of July.

I’ve always recommended buying gold on pullbacks. When gold pulls back to its 52-week moving average (its average price over the last year), buy then. But, although it would regularly do so between 2001 and 2008, since 2009 gold hasn’t done that. The furthest it’s fallen is to its 144-day moving average and that, as I’ve identified before, has been proving an excellent entry point.

On the following chart, the red line shows the 144-day moving average. We actually went through for a couple of hours on Monday, though outside of US trading.

It wouldn’t surprise me to see the 144-day moving average fail in the coming months. I’m not saying it will. With all the goings-on in Europe, we’re in anything-can-happen territory. But the evidence of the last three years says it won’t.

The one-year moving average sits at just below $1,500, so that’s another possible target.

Gold and silver have been hit by margin hikes

Over the summer, gold had actually decoupled from stock markets and was behaving like the safe haven it is purported to be. Every time stock markets sold off, money would go into gold.

But then the Chicago Mercantile Exchange (CME) – the world’s largest commodity exchange – upped the amount of margin it required to buy a gold future (in other words, you had to put more money down to invest). There have been three rises since July and in total margins have risen by $5,400 – nearly 90%.

Something similar happened with silver when it went ballistic in the spring. The CME raised margin requirements four times in a fortnight, amounting to an 84% hike.

It’s no wonder both sold off.

It’s easy to get suspicious when this happens, particularly as both times it has stopped the market in its tracks. But the CME does have a remit to calm markets where there is excess speculation. If it ups the amount of margin required, those with too much leverage will have to close their positions.

In the short term it may look ugly, but longer-term I feel it is good news. The weak hands have been well and truly shaken out.

Another factor that will have driven prices down is losses elsewhere. Whether it’s home traders or large funds, people will want to lock in some profit where they have it. Gold and silver are where they will have had it, so that’s where the selling will have come in.

I know from experience this is what happens. The psychology is that you’d rather take a profit than a loss. And it’s a relief to take a profit in a falling market.

The biggest beneficiary of all this has been the dollar, just as it was in 2008. For all the touted ’safety of gold’, it’s still the dollar people rush to in a panic, largely, I suspect, because they must settle their debt in dollars. There were signs this was changing in the summer, but these have disappeared. One day it will be gold, not the dollar, that people rush to. And the looser US monetary policy gets, the sooner that day will come.

The gold bull market is not over

The fundamentals for gold haven’t changed. I don’t need to remind you of them. I imagine the next few months will see whipsawing and consolidation rather than new highs. Indeed we have already seen quite a bounce off Monday’s lows.

In the event of a 2008-style meltdown – which is looking increasingly likely – gold will sell off. The baby will get thrown out with the bathwater. It usually does. But it was the last liquid asset class to capitulate in this carnage. And just as then, I expect, should such a scenario occur, that it will be the first to rise out of it all.

The only thing I can see that will kill my conviction that this bull market is not over is the kind of deflationary crash the likes of Robert Prechter have been predicting, where the Dow goes back to 1,000 points or something stupid. But I don’t think such a scenario is possible. Currencies will collapse first – in which case you would do well to own gold.

We have seen how policy-makers, whether British, American or European, will do everything they can rather than face the music and take the pain. They will be leant on to print, to bail out and to inflate – and print they eventually will. Heck, it appears our lot at the Bank of England are planning to re-start in November.

I took my kids to Thorpe Park a couple of weeks ago. I hated it. My kids loved it. But we’re all already reminiscing about what fun it was. Do the same with gold. Ignore the noise, hold your gold, buy the dips – and in a few year’s time you’ll look back on September 2011 with same fondness you look back at the time you screamed for your life on some crazy thrill ride.

Original post

Index

GOLD : BARGAIN HUNTERS ADRENALIN RUSH

2011-09-25T14:49:00.000-07:00

By Shufaad, 25 September, 2011

Good day traders!

Lets look at our daily gold chart:

Gold Daily

Technically;

I drew a fibonacci retracement level from point A dated 1 July 2011 till point B dated 6 Sept 2011.
After registering the lowest level since August at $1628, price rebounded nicely at our 61.8% fibonacci level at $1647 and close the week at $1656.
From the daily perspective, nearest resistances are found at 8 Aug 2011 gap at $1682 and psycho level $1700. The said psycho level is decisive since it is leveled with our fibo level 50.0%. Breaking that level would push the price towards $1750/52 zone (fibo level 38.2%), strong psycho at $1800 and fibo level 23.6% at $1816.
Gold H1
I would strongly stress here that both psycho level $1700 and $1800 plays a major role in the traders sentiment versus bargain hunting appetite.
Going south, Friday’s low at $1628 should provide the first support before a marching towards another psycho level at $1600. Further down, $1577 and $1550 should provide the needed support.
Gold is still in long term trend with the trend line drawn from 28 Jan 2011 is still much attach.
While the twist program seem to lure some traders to sell 0ff their gold, I’m looking at it as a short term correction. With the recent lower price, gold bargain hunters are looking ready to steps in.

While I’m bias to the upside, a potential drop towards $1600 is possible and I expect a mighty bounce from the said level.

Happy Piping!

Shufaad

+60166447174

Original Article

GOLD PRICE DROPS : WHAT TO DO?

2011-09-25T03:54:00.000-07:00

By Shaun Connell 24th September, 2011

I’ve received nearly a hundred emails over the last two days from people worried about the correction going on in gold and silver right now. Silver prices have tanked nearly 30%, and gold prices have dropped several hundred dollars.

Perhaps the simplest explanation of what I'm doing is : the same thing I was doing last month, the month before, and the month before that. We've been here dozens of times, folks, and the best strategy is one that doesn't require you to change everything because prices take a dive. Markets are complicated - but a good instrument strategy for most people should be simple.

Keep Buying Gold and Silver

Emotionally speaking, we’re wired to want to dump an asset when it dips and buy it when it’s going up. Ironically, this leads to most people getting absolutely destroyed by the market. My strategy is simple and timeless. I’m writing an entire course on it that I’ll be emailing subscribers about in a week or two — it’ll explain how to invest in gold during bull markets, bear markets, sideways markets, and every other kind of market.

Good strategy ignores the season, timing, and everything else — good strategy works always. It let’s you sleep well at night, turn off the news, and live your life. Stay tuned for the course.

It’s All About Consistency

Don’t save up money to buy gold or silver all at once — buy it gradually. This cuts the volatility and is just generally less risky. The best way to buy gold and silver gradually over time is through Silver Saver. They do both gold and silver, and automate the process of buying physical bullion every week or month. It’s an amazing idea — I wish I’d thought of it first.

It's All About Diversity

Remember, gold stays flat over time. We’re in a bull market, but over time, the value of gold goes up just slightly. This is very, very good — we should make gold the official money of our government again. But if this is your only investment asset, you’ll get destroyed over time.

This is a huge market opportunity. If you like stocks, real estate, gold, silver, oil, or pretty much anything, then they’re all on sale. Don’t just buy gold — buy enough of every cheap asset. Stay balanced and don’t be afraid to re-balance. I recently bought some Philip Morris International, and will probably be buying some more soon.

It’s All About Nerves of Steel

Most people lose money investing because they chicken out. On the bright side, this means if you’re able to control your emotions, you can make a killing. I’m not a fan of Warren Buffett, but he did say something that was brilliant: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

Could This Be the End of Gold?

If you didn’t think so last week, and nothing has changed, then you shouldn’t think so now. That said, the best time to buy gold was 15 years ago. The second best time is always now — always, always. Same for stocks. Same for land. Same for a good business.

Investment advisers can’t stand the investment beliefs I have, because it basically makes their life more difficult. Their job is to get you worried so you’ll pay them money to hear someone who barely is in the middle class after decades of being an “expert” tell you what to do. I’m in partial retirement, and I’m not yet 30. Good strategy wins. Always. This is an important philosophical concept, and it’s why so many people can’t make money — they just go with the stream, rather than against the stream.

Over the next few weeks, I’ll be letting you know about a course I’m almost finished with. It’ll explain everything you’ll need to know about investing in gold for the long haul. It’s explained so simply, you’ll wonder why you hadn’t thought of it yourself. And more importantly, it’s a strategy that has worked over the last 30 years — not just during “bull markets”.

Original Resources

A GREAT TRAMLINE TRADE IN THE GOLD MARKET

2011-09-23T10:21:00.000-07:00

From John C Burford, Sept 23,2011

Today I want to briefly follow up on gold from yesterday to illustrate (in almost real time) the tremendous power of my tramline methods for putting in price targets.

When I left the gold market early yesterday morning, it had broken minor support at the $1,800 level, where I put on a short trade.

Then the market fell to my second level of support at the $1,770 level. I noted that if this level gave way, it was off to the races.

After signing off, the market collapsed, along with just about everything else.

For the gold bears, it was truly exciting action, and I was pleased to be amongst them.

My target was hit within hours

I had drawn in my tramline pair and said that my first target was the lower tramline at the $1,730 area. I had little idea that this target would be hit within a few hours!

Here is the updated chart:

(Click on the chart for a larger version)

I have marked the point where I had signed off yesterday with a yellow arrow. The market collapsed right to my tramline for a gain of $50, or a profit of £500 per £1 bet (going short).

Note the oversold momentum reading at the tramline where a bounce would be expected.

But what now? Will the lower tramline hold?

Beware: the ‘bond bubble’ is about to burst

Right now the flow of money into UK government bonds is frighteningly high...

Thousands of private investors are blindly pouring money into bonds in the hope of getting a safe return, while pension funds and fund managers are ALL using them for a big portion of their portfolios.

But they could be making a lethal mistake.

As I write, the market is staging a fight-back:

(Click on the chart for a larger version)

The first bounce off the tramline has taken the market right to my central tramline, which lies mid-way between my original lines! This is marked by my green arrow.

Very pretty. And that was also a great place to short again.

This central tramline sports some nice touch-points, as marked by my purple arrows. I believe I can rely on this line.

If gold goes below $1,700, much lower prices beckon

OK, the market is trying to get back to this central tramline as I write.

Longer-term, yesterday's low in the $1,720 area is only $20 above the crucial $1,700 support from August. If this gives way, that would confirm the double top and much lower prices would beckon.

Of course, long-term traders who believe we have seen the tops would still be holding their short positions – and adding on rallies.

As I have said before, traders who see the potential early in the trend will reap the most rewards.

And don't forget to be searching for those tramlines on your charts.

Have a great weekend!

Got a comment on this article? Leave a comment on the MoneyWeek website, here.

Best wishes,

John C Burford

Original Source

Index

IS GOLD NEAR THE TOP?

2011-09-07T02:59:00.000-07:00

There are growing signs that gold is looking toppy. Yet most people are NOT overinvested...

WAY BACK in 2002 – and in 2003 (and 2004...) – my dad told me the following:

"Son, I'm behind you in everything you do...But there's no way I'm buying any gold."

This was his reason:

"Son, I bought gold Krugerrands in the late 1970s, and I'm still down on 'em 25 years later. Gold is never going up."

In the nearly two decades I've been analyzing investments, my dad bought just about everything I recommended. But he drew the line when I recommended gold in 2002, writes Steve Sjuggerud in his Daily Wealth email.

I thought, "Wow. Now this is what a bottom looks like...when even my dad doesn't trust me on this one."

Back then, the gold story was simple to me...

Gold is financial catastrophe insurance. When is catastrophe insurance the cheapest? When there hasn't been a financial catastrophe in decades. In the early 2000s, that's where we stood. So I recommended buying gold. It wasn't about being a gold bug. It was about buying something cheap.

Back then, my parents bought everything I recommended – except gold. And my in-laws were starting to do the same. But they drew the line at gold, too. They thought I was nuts.

What really did it was when I started recommending Gold Coins in 2003. Cancellations to my newsletter started pouring in. The typical letter said, "Steve has always had outside-the-box ideas, but this Gold Coins garbage has gone too far."

I'd never seen such a hated asset class. I personally believed gold could absolutely soar. And readers who actually took my advice and bought my 2003-recommended MS-63 Saint-Gaudens Gold Coins made hundreds of percent profits.

Now, nearly a decade later, the situation is much different...

Gold has gone up 10 years in a row. My in-laws now have a big portion of their portfolio allocated to gold investments. And all this week, CNBC is having a special called "GOLD RUSH," where the commentators are in underground gold mines in South Africa.

A decade ago, you could hardly get a quote for gold on CNBC or Yahoo Finance. Today, gold quotes are on the front page.

If you want to make hundreds of percent on an investment, you have to buy it for pennies on the Dollar, when nobody wants it. With a week-long gold special on CNBC, it's hard to say nobody wants it.

In short, it feels like we're closer to a top than a bottom in gold. On the other hand, the numbers we track tell us we might not be at the top yet, because most people are NOT overinvested in gold.

The details are complicated. But the basic thought is simple: People are watching gold go up, like spectators watching from the sidelines. They are not active participants...yet.

Colleague Chris Weber explained the situation best recently:

This kind of market [in gold] is the dream of an investor like me. A bull that is so quiet and so looked down upon by most people...If you are just coming on and are hesitating to put too much of your wealth in the area, I can say without worry that there is still a lot of room, and time, left.

I believe Chris is right. There is more upside. It sure doesn't feel like the real estate boom, or the dot-com boom yet, when EVERYBODY is in. That's when we're at the top.

Gold will certainly have extreme corrections. On its march from $35 to $850 an ounce in the 1970s (peaking in January of 1980), gold lost HALF its value multiple times. But I don't believe the top is in yet.

View writer profile, Steve Sjuggerud,

Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth. Launched in 2001 and now one of America's best-followed newsletters for private investors, True Wealth also provides free analysis and ideas in the Daily Wealth email service.

ORIGINAL SOURCE

PEOPLE IS STILL WAITING TO BUY EVEN THE GOLD PRICE IS LOW. WHY??

2011-08-25T00:18:00.001-07:00

I am writing about people's strange behaviour towards investment.

What do you see above? Gold price falls. This is great isn't it? What does it mean? It means that you can buy some more to add to your investment. Buy low sell high. For gold business owners, they will start to stock up their gold stock.

Why is individuals not buying? There are many reasons among them:

they does not know where to buy
they does not know the return of gold investment
they are afraid being cheated
they are skeptical whether they can sell off the gold bar easily
they are low risk takers, they prefer keeping their money at the banks
they do not have money to buy
they do not know where to keep their money
they need guidance
they cannot decide
they are overloaded with information

Do you have these questions linger in your mind? Have you address them? Have you found the answer? It is actually worth to find the answer as the return of investment for gold is high compared to other avenues. Take Action, don't talk only.

This evening price is lower compared to this morning.

The price is updated ever 20 minutes. So, if you see a good price, good if you grab them now. In commodities like gold, there is no written rule eg price should go up due to this this & this, price should come down due to this this and this. We are just a small player in the playing field, just follow the flow. The price comes down, you buy. When it goes up you sell.

Do you know that Public Gold can offer you to sell online? That is indeed a very good solution to investors. 24-hours flexibilities is what we all need to take control of our money.

Enough talking... Now the action time!

Buy Gold!

Buy Silver!

GOLD QUICK UPDATE : THE WORD IS CORRECTION

2011-08-22T20:39:00.000-07:00

The article is written by a friend of mine, Mr Shufaad, from MelakaFX.com.

Original source written on early morning of 23/8/2011.

Good day traders!

Gold highest price now is $1911.86.

Nearest resistance is $1925, then $1950.

Technically, there’s going to be a correction as nearly all technical indicators are overbought.

Daily RSI has reached 84.4 level, the highest level I’ve seen. Extremely Overbought.

Daily Stochastic is at 96. Extremely overbought.

Daily ADX is at 77. Too much Extremely strong trend.

MACD is interesting. Its Hourly study shows a Divergence while its Daily study shows parabolic (see red line i price and MACD). This is an indication of a correction might happen.

Gold Divergence

Supports are found at $1877, $1857, $1836 and ultimately our psycho level at $1800.

Correction is what gold needed to move upwards and continue its long term bull.

In short and near term,I remain bias to the downside.

Shufaad

DID YOU GAIN INVESTING IN GOLD LAST 3 MONTHS (OR LESS)?

2011-08-22T02:28:00.000-07:00

Since today's gold price has broke the all time high gold price, I am eager to write about the return of investment for physical gold bar / dinar.

Say that on last 2nd June, 2011, you have a savings of RM700. You buy 1Dinar PG at RM698. Your intention is to keep 1 Dinar a month as to plan for your Umrah visit. However, due to unstable US economy and the FEDEX action to increase the debt level (and many other reasons), the gold price shoots up.

Today, 22nd August, 2011, to buy 1 Dinar PG you need RM818. Will you be losing if you are religiously saving 1 Dinar per month? Well, do you have to pay more to save 1 Dinar?. Actually, your 1st 1 Dinar, cost RM698. However, due to the increase in gold price, it is now valued at RM818. You are actually RM120 richer than before.

So, if you pay RM818 for your 2nd purchase of 1Dinar, your wealth is equalised (Gain from keeping 1 Dinar - the extra amount of money you are paying for 2nd purchase of 1Dinar).

Can you calculate the return?

If you are selling your 1 Dinar, you sell at 'We buy' price. You actually received R769 for your 1 Dinar. How much is the excess? Correct!! RM71.

What is the rate of return on the investment?

The rate of return is RM71/RM698 = 10%. Not much, you said. Did you notice that your gain of 10% is in a period of 81 days ~ 3months. What is your rate of return per annum? You have to annualise the 81 days return to one year.

So, rate of return is RM71/RM698 *(12 months/3 months) = 40% per annum.

How does that sound? Better?

40% return is indeed a superb return.

Imagine that you bought 100g gold bar instead of 1 Dinar. Your profit is RM2,045 over a period of 81 days. How do I calculate it? Selling price on 22nd August, 2011 is RM18,784. You bought your 100g PG gold bar on 2nd June at RM16,739. Try minus the two figures. Did you get it?

Your rate of return of 100g PG gold bar is 12% for 81 days = RM48% per annum.

Isn't that good or isn't that good?

Why hesitate to start investing now? Just bear in mind that it is better if you keep the gold bar medium to long term, at least for 1 year. That is should be your investment strategy.

However, if you are in gold business, you are playing a different game altogether. You sell high, you buy low. It depends on how fast you roll you capital into transactions.

I hope you benefit from this post and share the knowledge with others. Who knows, a busy person may want you to look after his/her investment. Then the knowledge should be useful for both of you.

Have fun browsing other articles.

SILVER INVESTMENT

GOLD RALLIES BACK TOWARD RECORD HIGH

2011-08-19T01:17:00.000-07:00

Investor unease about the lack of solutions to the European debt crisis and continued sluggish growth in the developed world helped push gold prices above $1,800

Author: Amanda Cooper (Reuters)
Posted: Thursday , 18 Aug 2011

LONDON (REUTERS) -

Gold rallied back toward record highs above $1,800 an ounce on Thursday, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world which has shaken investor confidence in stocks, bonds and hard currencies.

Prices have climbed to within $5 of last week's record high of $1,813.79 an ounce.

Although it remains off the inflation-adjusted peak above $2,000 struck in 1980, it is one of the top performing assets this year, up by over 25 percent versus a 15-percent loss in U.S. blue-chip stocks .SPX or a 7.7-percent decline in the price of copper.

Growth in the United States, which last week lost its top-notch credit rating, has been patchy, while European leaders struggle to contain the spread of the debt crisis that has forced Greece, Portugal and Ireland to seek emergency funding and now threatens to swamp Italy and Spain.

Spot gold was up 1.1 percent on the day at $1,808.20 an ounce by 6:48 a.m. EDT, set for a 3.6 percent gain this week and a nearly 9 percent gain over the last two weeks, its best two-weekly performance since mid-February 2009.

"There is a genuine feeling that all of these issues are playing indirectly into gold, and the impact these factors have on the currencies mean people are getting out of those and into gold," said ANZ head of metal sales Peter Hillyard.

"I'm one of those people who think gold is going to $2,000 and it's getting there. The underlying reasons don't change, there is a lack of confidence in everything else," he said.

Plans from France and Germany to move toward fiscal union in 2012 got a chilly response from other euro-zone countries and failed to reassure investors worried about the region's debt crisis and weakened economies.

Austria, Finland and Ireland all questioned bold proposals from French President Nicolas Sarkozy and German Chancellor Angela Merkel to give up sovereignty over budgetary policies as a means to shore up their 17-nation currency union.

"Investors were still digesting comments from Merkel and Sarkozy late on Tuesday night where the leaders pledged to defend the euro at all costs," wrote VTB Capital analyst Andrey Kryuchenkov in a daily note. "However, what the markets really need is a concrete action plan."

Demand for gold has been fairly evident through increases in holdings of the metal in exchange-traded funds and rising open interest in U.S. gold futures, building on a decline in the second quarter of the year.

The World Gold Council said in a report on Thursday overall gold demand fell 17 percent in the second quarter to 919.8 tonnes, as growing interest in jewelry, coins and bars failed to offset a sharp decline in ETF buying.

Investment in ETFs fell by more than 80 percent on the same quarter last year, although inflows this year are up by a net 6 percent, with most of that investment materializing in the last month, according to ETF data monitored by Reuters.

DEMAND PICKS UP

"Although profit-taking, margin requirement hikes and seasonally soft physical demand could temper the rally intermittently, the external environment has turned increasingly fertile for gold," said Barclays Capital in a research note.

Gold's fortunes could be altered in the case of rising real interest rates, controlled inflation and a stable macro-environment, it added.

Later in the day investors will comb through weekly data on first-time unemployment benefit claims for a read on the health of the U.S. jobs market, as well as U.S. consumer prices.

Data on Wednesday showed the sharpest pick-up in producer prices excluding food and energy in six months in July, although weak consumer demand was expected to keep inflation at the farm and factory gate in check.

In other fundamental news, Venezuelan President Hugo Chavez said the country will nationalize its gold industry and is moving its international reserves out of Western countries.

In other precious metals, silver rose 0.5 percent to trade at $40.38 an ounce.

Platinum was flat at $1,835.74, while palladium was down 0.1 percent at $769.47 an ounce.

(Editing by Alison Birrane)

IS IT STILL A GOOD TIME TO BUY?

MY PERSONAL OPINION ON THE GOLD PRICE BASED ON

THE INSTA TRADER GOLD CHART

If my amateur theory is correct, the price is reaching a Resistance Level. It might stay at that level for a while, and if it is not strong enough, the price will bounce back (ie downwards).

For those who is inclined to buy, this might be a good chance for you to grab. Don't be too late (or decide for tooo loong) as you might missed the drop. They said the price will go up to USD2500/oz by end of the year.

Resistance level USD1869.26/oz.

Check the hourly chart to see the flat movement.

More articles :

GOLD PRICE WILL GO UP TO USD2500/OZ?

WHY IS GOLD RECENTLY OUTPERFORMING SILVER?

2011-08-18T02:25:00.000-07:00

GoldSilver.com
AUGUST 17, 2011

Risk aversion is one of the greatest drivers in human action and with the recent downgrade of US bonds from AAA to AA+ coupled with global stock market plunges, financial markets have been, per usual, flocking to gold as a safe haven.

Humans are programmed to seek gold in times of uncertainty. Gold is uniquely thought of as the monetary metal of kings, and although silver has more history of being used as money by human beings, silver is still seen today as a risk trade and an industrial metal (although we believe this will be changing shortly).

How many times have we seen in movies or documentaries, where people find treasure and shout "We are rich! We have struck silver!". This does not happen. It is always gold.

People today still do not fully understand the monetary value of silver, and at critical moments they relate to it as a risky industrial product dependent upon demand and economic growth potential. Over time, this "programming", of gold being the only true safe haven money, will dissipate but it will take time for the world to relearn why silver, like gold, is also safe haven money.

As the fiat currency monetary system breakdown continues, silver will reassert itself as the monetary metal of intelligent safe haven investors. The key is to understand the long-term trend, acquire physical gold and silver bullion, and sit patiently as your wealth not only is sustained but increases as dollars, euros, pounds, yen, pesos, etc. fail in preserving investor's purchasing power.

Three factors that will cause the value of silver to skyrocket in the years ahead:

- Silver is a smaller market than gold and there is currently less investment grade silver bullion available for investors than investment grade gold bullion.

- Silver is still seen as a factor in industry and not as the safe haven, tangible, and affordable money that it truly is. Like gold, silver answers to no one for it is inherently without counter-party risk and cannot go broke.

- Silver tends to exponentially rise when there is true evidence of price inflation. With current central bank fiat currency debasing around the world, it is but a matter of time until we witness steeply rising prices for real goods (food, precious monetary metals, energy, etc.).

Due to overbearing demand, 100 oz silver bars are no longer struck with serial numbers

Mike Maloney has allocated 90% of his wealth into silver American Eagle coins and 10% into gold American Eagle coins. GoldSilver Insiders are currently converting 70% of their capital into silver bullion versus 30% into gold bullion.

We are confident that in the long term, silver will outperform gold as the gold/silver ratio tightens back to it's historical average of 12 or lower.

Although the ride in silver will be more wild, we believe it is the patient investor who understands the long-term trend, they will greatly benefit by having exposure to physical silver bullion.

In Summation

If we invest in gold because of fear, all right.

If we invest in silver because we believe it to be a better investment long-term, fine, but we must be composed and settle in for the inherent volatility of the smaller silver market.

If we invest in both silver and gold, stability will be found in our portfolio's "golden anchor" while increased performance will surely come in time as the world relearns that silver is mankind's most undervalued monetary metal.

GETTING YOUR HAND ON GOLD

2011-08-16T00:34:00.000-07:00

Written by Tho Li Ming of theedgemalaysia.com

Monday, 08 August 2011 21:15

KUALA LUMPUR: While the greenback continues to falter, prices of precious metals have predictably risen as more investors seek a temporary haven.

On June 14, gold prices broke the record once again to touch US$1590.50 an ounce, with an average price of US$1,451.60 so far this year. The outlook for this precious metal has been bright as well, with experts such as Steve Brice, Standard Chartered Bank’s chief investment strategist, predicting a 13% annualised return over the next three years, with a peak of US$2,100 an ounce in 2014.

However, the historical movement of gold has shown that price hikes and dips occur because of speculation. David Crichton-Watt, managing director of gold funds manager, AIMS Asset Management KL, says speculators tend to push prices of precious metals higher than what “real” investors are willing to pay. This eventually causes prices to fall to a level that is acceptable to “genuine buyers”.

The hype on the perceived safety of gold, and to some extent, silver, has created a surge in the price of precious metals. Many channels have made their appearance to cater to the hoards of investors who are looking to jump on this bandwagon.

Those who do not want the hassle of storing precious metals might prefer to invest in stocks of mining companies, exchange-traded funds, gold passbook accounts and commodity unit trusts.

Investors who want to see and touch their physical asset can purchase wafers, bullions and bars from dealers such as banks (Maybank and Public Bank) and jewellers (Poh Kong, Tomei and DeGem Bullion).

To cater to the demand for physical gold and silver, local manufacturers buy large amounts of metal and melt them into smaller quantities before selling them to the banks and jewellers. A relatively new channel has emerged in the form of private dealer companies, who may sell well-known brands from these manufacturers, or have the manufacturers mint their own brand.

The private dealers then sell the products to the customers online, in physical shops or via agents. Agents offer the advantage of narrower buy-sell spreads and prices can be reduced further if the metal is purchased in large quantities.

A clear disadvantage is that these agents tend to operate on the quiet. Due to security concerns such as theft and robbery, they transact only with buyers whom they know personally or through recommendations from existing clients. Thus, the credibility of these agents can sometimes be hard to verify. Moreover, as agents tend to buy back only their gold or silver, this can make it harder for investors to convert their precious metal into cash.

Since the selling prices of gold or silver to retailers may vary according to the type of channel, it is important to check the bid/ask spread before purchasing. “It’s not just the selling [ask] price that investors should take note of, but more importantly, the buying back [bid] prices. Some channels stipulate a higher spread,” says Tony Khong, a gold investor. He adds that if you’re buying from an online channel, check for delivery charges and insurance costs.

UOB Bank sells its 1g Pamp Gold bars for RM298 each and buys them back at RM165 each. On local websiteww.nubex.com.my, 1g Emirates Gold bars go for RM207.96 (sell) and RM152.96 (buy), resulting in a difference of RM55 (as at July 15). Wider spreads could be due to the brand and fabrication involved.

There are two types of gold bars, cast gold [molten gold poured into an ingot mould], which tends to be rough in nature, and minted gold [cut out from a flat piece of gold] which is more refined and looks better asthetically. “Cast gold tends to be cheaper than mint gold.

Likewise, gold products with fancier motifs are more expensive than those with simpler designs,” adds Khong.

Also, ask about the brand of the precious metal. Clearly, a better-known brand is preferred. “Well-known brands commonly available from dealers are the Swiss Pamp gold bar, the Australian Gold Nugget and the Canadian Gold Maple Leaf. If the dealer offers another less-known brand or an in-house brand, ask for a certificate of authenticity, which should state the purity of the gold,” says Khong. “You can also have the bar verified at an assayer’s office for a fee.”

Limit your investment in precious metals to a small portion of your investment portfolio. While everyone should have at least a small percentage in gold, Crichton-Watt cautions against buying the metal to try to make a profit. “It is simply a store of value as it will not grow and does not pay dividends, and so on. Although it will never go bust, it will just sit there and you will incur costs in keeping it from thieves.”

For those who want to trade precious metals, there are sites such as bullionvault.com that provide an easy platform to buy and sell gold and silver in “paper value”. Crichton-Watt’s advice is to watch for dips. “Speculators are a different breed, as they are buying on margin, trying to outsmart other speculators.

The trend for gold is upwards, so buy after a period of correction, not when [prices] have been going up for weeks without correcting. Do not even think of short selling [if you find a dealer that lets you] and attempt to time the corrections.”

How to Buy Gold Bar / Dinar / Silver Bar the Malaysian Way?

My views on the spread :

1. UOB Bank sells its 1g Pamp Gold bars for RM298 each and buys them back at RM165 each.

2. On local websiteww.nubex.com.my, 1g Emirates Gold bars go for RM207.96 (sell) and RM152.96 (buy)

Spread is the difference between the selling price and the buying price. In the cases of UOB, the spread is 80.6% (RM298/RM165). That is huge!!! As for nubex, the spread is almost 36%.

This is one of the criteria you must check when you want to purchase gold bars / dinars / jewelleries. The spread mus not be too high in order for you to cash out faster if you require the money.

Let's see Public Gold (PG)'s spread below.

For 20g - 1250g Gold Bar, PG's spread is only 5% - 6.3%. Only for 10g, spread is slightly higher of 8.7%.

Don't you think this is the better place to purchase your physical gold?

Another advantage is the transparency of the pricing.

HOW TO TRADE IT? IS IT TOO LATE FOR GOLD FEVER?

2011-08-16T00:25:00.000-07:00

Wrtten by Reuters. Wednesday, 10th August, 2011

NEW YORK: Is it too late to buy gold?

It soared to a record $1,700 an ounce Monday, Aug 8 after the United States suffered its first-ever debt downgrade at the hands of Standard & Poor's.

With gold rising 30 percent this year and nearly 400 percent over the past decade, it's reasonable to ask when the fever might break.

In recent days it's gone completely viral as the debt crisis plunged financial markets to the biggest losses in two years.

"People who weren't talking about it even six months ago are heavily interested in gold today," says Frank Trotter, president of EverBank Direct in Jacksonville, Florida, which holds nearly $500 million worth of precious metals in the form of hard assets for clients.

Gold purchases leaped to more than 18 million ounces over the past month -- from 8.4 million for the entire year up to July, according to data from the Commodity Futures Trading Commission.

People are betting gold will come through the present debt crisis shining. In the depths of the 2008 financial crisis, gold dropped by 20 percent -- but the metal was hurt as the U.S. dollar became the safe haven of choice. In the debt showdown this year, the dollar has suffered and gold leaped.

THE BULLISH CASE

Financial adviser Jeffrey Sica of Sica Wealth Management in Morristown, New Jersey, says it's not too late to profit from gold fever -- he sees 20 to 25 percent upside in the glittery stuff.

"What we are seeing is the tip of the iceberg in terms of the downgrade," says Sica, a self-described stock market bear who forecast Standard & Poor's downgrade in a blog post to clients back in March. He said gold's value has grown due to central banks' inability to contain the debt crisis.

"The fundamentals to invest in gold have not changed," argues William Rhind, managing director of ETF Securities, which manages $4.2 billion in exchange-traded fund assets. "The only thing that has changed is that investment case is stronger - the world's best credit, the U.S. government - has been downgraded. It's no longer as safe as it was."

Nor is gold overvalued at these levels, Rhind said, since it hit $873 in 1980. Adjusted for inflation, the equivalent would be just over $2,391 today. That's about the level JP Morgan Chase told clients the spot gold prices could hit this year. It said in a note $2,500 per ounce is possible.

OTHERS ARE SKEPTICAL

Among doubters, though, are people like Pat Dorsey, Morningstar's former director of equity research and now vice chairman of Sanibel Captiva Trust Company, which has $500 million under management.

"I've never been a fan of gold. I am in the camp of that thinks it generates no income and has no utility (like copper), so the valuation is based on the opinions of other people," Dorsey says.

Others cite its volatility as a negative factor, since the gold price is affected by fast-money traders lured by the leverage ofcommodities contracts. The price can tumble just as quickly as it rises.

Still, even some conservative managers recommend a small allocation in gold as part of a balanced portfolio. EverBank's Trotter puts his own account at 5 percent to 10 percent.

HOW TO INVEST

Here are three ways to invest in gold:

1.Buy Funds.

If you are looking for a way to invest in gold, one of the easiest ways to do it is to buy an exchange-traded fund, such as SPDR Gold Trust ETF, iShares Gold Trust or Market Vectors ETF Trust, which tracks gold miners. And there are ETFs that are tangentially linked to gold, such as ETFS Physical Platinum Shares along with ETF baskets of precious metals, such as Etfs Physical Precious Metals Basket Shares - which holds gold, silver, platinum and palladium.

The advantage that ETFs have over mutual funds is that they are easier to trade and ETF costs are usually lower. But the downside of investing in a gold-related ETF is that the gains are not always direct and can sometimes lag the rise in gold prices. The risk is that prices can rise and fall quickly.

Conventional mutual funds may be more appealing to buy-and-hold investors. The $100 million Midas Fund, which is highly concentrated in mining stocks, saw significant inflows last week, although manager Tom Winmill wasn't specific. "Gold is not a way to maintain capital appreciation, but it's a good way to preserve wealth," he says.

2. Buy Stocks

Another way to play gold is to go straight to the source - gold mines. While prices for physical gold are soaring, gold mining stocks have slumped. Winmill of the Midas Fund likes Freeport Mcmoran Copper and Gold, which is one of the world's largest mining companies. Year-to-date, the stock is up only about 5 percent, "even though revenues and earnings are exploding on the upside," Winmill says.

"A lot of people are thinking the world is going in reverse, but global Gross Domestic Product growth - if you include emerging markets - is 7 percent. And a lot of that emerging markets growth has to do with infrastructure build out which demands copper," he argues.

Winmill also likes Goldcorp and Newmont Mining Corp, which are some of the largest holdings in the Midas Fund. He sees a "Slinky Effect" for mining stocks in the coming months - "They'll bounce back and make up for lost ground as well," he says.

3. Buy Hard Assets

The upside of buying actual gold bars and ingots is that when the price of gold rises, the value of a gold block tracks the gains on an almost one-for-one basis, unlike other assets which only track the value.

"People want to put their money into hard assets, which retain a value when currencies lose value," says Tod Mcelhaney, president of LaSalle Futures Group in Chicago.

But while physical gold has the most direct value, the downside is that it is also more difficult to offload should investors want to let go of the asset.

One way to buy physical gold is Everbank's Pooled Gold and Silver Accounts, which lets you to pool your investment with other investors. The advantage is that you don't have to cough up huge sums - the minimum investment is $5,000 - nor do you have to pay storage, delivery or annual fees to stash your gold. The ideal investor? "Someone who doesn't have an apocalyptic view that they need to have it in back yard," Trotter says.

Source

COMMODITY WRAP : COMMODITIES SINK, GOLD ON A ROLL

2011-08-15T01:31:00.000-07:00

The havoc caused by the US credit rating downgrade last week amidst the debt crisis in Europe pushed all commodities sharply lower. Fears that the US and Europe will not be able to handle their mounting debt issues resulted in rampant selling of all risky assets, pushing the price of gold nearly 6% higher. Crude oil fell to an eight-month low. Industrial metals declined on fears of slowing demand from the US and China. Copper was the biggest loser.

Gold With the debt crisis in Europe and rising fears of a recession in the US, many believe that a repeat of 2008 is inevitable for the financial markets. Owing to the complete lack of assurance of returns from risky assets, investors amassed gold sending the precious metal to a record $1781. Gold prices have even surpassed the traditionally more expensive platinum. With uncertainty in markets, analysts expect gold to touch $2500 before the end of 2011. Technically, however, analysts believe a small correction is on the cards. Despite the sharp rise, any correction would be a good opportunity to buy given the ongoing turmoil.

• SILVER INVESTMENT - ONE OF THE BEST AVENUE TO HEDGE YOUR MONEY
• SILVER AND GOLD SHOULD BE IN YOUR INVESTMENT PORTFOLIO
• SILVER'S GROWING INDUSTRIAL DEMAND

WHY GOLD & SILVER? FULL MOVIE - MIKE MALONEY TELLS ALL

2011-08-09T21:30:00.000-07:00

Robert Kiyosaki : Silver is the biggest opportunity he has ever seen
Mike Maloney : Money are PIECES OF PAPER
True wealth is calculate during hard times
Currency : Medium of Exchange, unit of account, portable, divisible, durable, fungible and must have store of value

All fiat currency eventually fall to their intrinsic value
There is no refrain on the creation of fiat currency
We are being robbed!!

GOLD'S BULL MARKET IS HERE TO STAY, $2,500+ THIS YEAR

2011-08-09T21:20:00.000-07:00

Posted by Brittany Stepniak - Tuesday, August 9th, 2011

J.P. Morgan Chase & Co. (JPM) said they see gold prices steadily climbing over $2,000 this year, reaching $2,500 by the year's end.

We haven't seen a gold-trend like this since the 1970s, peaking around 1980, but the current global economy could re-create a similar "parabolic" pattern for gold within the next few months.

Late yesterday, both J.P Morgan and Goldman Sachs Group (GS) raised their gold prices. Goldman suspects prices for an ounce of gold to be closer to $1,900 in the next year.

Gold in USD terms is 2.4% higher and is higher against all currencies and trading at USD 1,760.40 , EUR 1,234.10 , GBP 1,075.70, CHF 1,306.80 per ounce and 132,719.00 JPY.

Gold’s London AM fix was USD 1,770.00, EUR 1241.75, GBP 1080.98. Gold reached new record nominal highs at $1,780.10/oz and new nominal highs in euros and sterling also this morning.

In the short term there is the risk of a correction as gold’s rise is now becoming front page (on front page of FT today) and headline news.

The fact that silver has fallen in recent days and remains below $40/oz and the fact that gold mining equities have also not risen may also be a warning signal.

Gold has risen from below $1,500/oz to nearly $1,800/oz in 5 weeks (since the start of July) and is up nearly 18% in dollar terms.

Therefore, in conventional terms gold is most certainly overbought.

Iniating QE3 will have further bullish affects for the precious metal commodities too.

What does this mean for investors? Simple: follow the trend, buy on dips (like we've been telling you...). Don't sell in haste, but if you do decide you want to sell for profit "do so after two days of lower prices or a weekly lower close."

Moral of the story? Hold onto gold if you can. The bull market trend looks pretty solid for the foreseeable future. We'll let you know when that changes.

*Idented, italicized excerpts from Millrock Resources Inc.

Original article

WHY HOLD SILVER?

2011-08-06T00:12:00.000-07:00

Let the numbers do the talking…

The numbers just do not add up. Left to supply and demand forces in a free market, silver should be many multiples over its current price, and possible worth even more than gold.

Over an above all these, silver is being consumed as an indispensable industrial metal withrapidly increasing demand while almost every ounce of gold ever mined in history is still in a vault somewhere.

Reason for this heavily suppressed price is because silver has been, and still is a monetary metal, and hence the Political Metal concept comes into play – just like gold, only more extreme. If the price of silver were “allowed” to rise according to market forces, it will pull up the price of gold because they’re both monetary metals. Silver has the largest concentrated short position all “commodities” traded on the Comex. Investigate the silver manipulation story here and here.

Shortly after the March 2010 CFTC public hearing on silver position limits, the whistle blower Andrew Maguire news going viral on the web, and a slew of high profile class action suits filed against JPMorgan and HSBC for their alleged silver price suppression schemes, silver investors have been getting out of paper silver and going physical. This is accelerating the silver shortage in the physical market and the bankers have been fighting a loosing battle, resulting in a steep price increase from July 2010 as reflected in the charts above.

We’re waiting for them to loose the war, which many expect it to be soon. In the meantime, expect extreme volatility in the silver market. You have to understand the dynamics of the volatility and learn to manage them.

Original Article

PROMOTION SILVER CASH VOUCHER BONANZA

2011-08-05T23:49:00.001-07:00

Promotion period : 1st August 2011 until 31st October 2011 (3 months promotion)
Description :

1. This promotion is a reward for customers or dealers who purchases Public Silver bars ONLY.
2. A RM100 cash voucher will be rewarded for every purchase of 1kg silver bars (may be a mixture from 250gm, 500gm, or 1kg) in a single invoice
3. Reward is for first 500kg sold during the 3 months promotion period; while stock lasts basis.

Promotion Terms & conditions:
1. This promotion is open for all customers, dealers and master dealers.
2. This promotion is only valid for orders made during the above mentioned promotion period
3. This promotion is NOT valid for purchases made through Easy Payment Purchases (EPP).
4. RM100 cash voucher(s) will only be given during stock collection after the payment is made clear.
5. Customers are eligible to purchase RM20, 000 of silver to join as Dealers (1%) or RM100, 000 to join as Priority Dealers (1.5%) through this promotion and enjoy the reward of RM100 cash voucher(s).
6. Promotion may end early as this promotion is for the first 500kg of silver sold; while stock last basis.

Cash Voucher Terms & conditions:
1. RM100 cash voucher(s) rewarded through this promotion period is not valid to be use for the same order; voucher(s) are only valid for next purchase use or topping up for other EPP payments.
2. More than 1 RM100 cash vouchers can be used for 1 single order.

Ramadhan + Merdeka celebration Bonus!!! Double Counting Points for Perth and Cape Town!!!

Every ringgit spent during August 2011 on purchasing Public Silver bars (ONLY) will be given a double (PGLS) points to challenge for 2010 Sales Incentive Program (SIP) Leadership Seminar to Perth, Australia & also the 2011 Sales Incentive Program to Cape Town, South Africa.

Example: 1kg Public Silver Bar = RM6000, total points given would be RM12, 000 to challenge for both 2010 & 2011 SIP.

Disclaimer:
Public Gold’s management holds the right to make the final decision if in case any dispute or disagreement occurs.

how to buy silver bar?

Articles on Silver

GOLD WILL RUN TO $1950?

2011-08-05T10:12:00.000-07:00

The prediction from Wealth Daily is $1950/oz. Is it still worth to buy?

What is the price now?

At the point of typing this article, this is the price. (Most updated prices is shown on the right hand side of this blog.)

Can New Investor still gain?

Should the prediction is right and you will be buying gold at around USD1657.60/oz (if you buy now, that is), you will gain USD292.40/oz. How much gain is that?

The gain is 17.6% within 5 months.

How much is the gain per annum? Can you annualised it?

The gain / return is 17.6% / 5 months * 12 months = 42% per annum. That will be very very good indeed. Don't you agree?

An except from Wealth Daily article :

Appetite for Diversification

It's really no surprise banks are buying gold like it's going out of style.

After South Korea bought 25 tons of the metal for the first time in 13 years, just to diversify from the dollar, it's likely other central banks in that region will follow.

Buying gold not only helps countries protect their wealth; it's the best way for them to prepare for a gold mania that could make the 1970s look like “child's play,” says Franco-Nevada Chairman Pierre Lassonde.

“In 1980, the only players, or the dominant players, were the Americans. Today the dominant players are China and India; 58% of all the gold sold this year will be sold in these two countries. When we reach that mania phase… it will truly make your head spin.”

How to buy gold bar?

POH KONG BUNGA RAYA GOLD BAR

2011-08-03T06:42:00.000-07:00

I was at Jaya Jusco Tmn Setiawangsa last weekend and I came across Poh Kong outlet. As the gold prices continue to rise, I was curious to enquire about the gold bar they sell, the Bunga Raya. I asked about the gold bar prices. Obviously they use the Federation of Goldsmiths and Jewellers Association of Malaysia (FGJAM) prices.

The price of 20g is RM3660. (Roughly 20g * RM183/g = RM3660) Please note the smaller the gold bar, the higher the price per gram as the goldsmith will include the processing fee. Eg additional RM10 for 10g gold bar.

I asked the salesperson, how much do I get if I sell back. He mentioned that I have two options:-

to exchange with a different gold bar/ jewelleries - the spread will be 3%
to get my money back - the spread will be 12%

Wow! That is a lot of money! I have to wait until the price goes up to at least 12% to break even. That will not be good for my investment strategy. Why? Because, if my target is to achieve 12% per annum, I have to wait until the price to move up 24%.

I asked the salesperson again. If I open the case, will you be accepting the Bunga Raya Gold Bar? Yes, he said. At a higher discount, depending on whether the gold bar is damaged or not. Chances are that they will buy back the Bunga Raya at 25% discount. Double WOW!

This is Public Gold prices :-

Can you see the spread? The spread is the difference between the selling price and buying price. Except for PG 10g gold bar, the spread is just 4% -6%.

Which Investment is better? PG gold bar, of course, due to

1. smaller in spread

2. transparent price update

3. updated gold prices reflecting the movement of the live gold price

4. easy to get the products

5. high liquidity (can sell at any point of time)

Find your PG dealer now.

Poh Kong promotion for your info.

BUY PG GOLD BAR

By TaipanPublishingGroup.com

NO MATTER WHAT ... BUY SILVER

2011-07-26T04:14:00.000-07:00

A lot of my friends are having kids right now. Over the weekend, we had some friends over for dinner. One of them brought his eight-year-old daughter. She loves animals, and was great with all our dogs and horses, but we ended the night exhausted! Explaining the rules, keeping a watchful eye over the bigger dogs, reminding her to use her inside voice... I'm still tired from the visit. And I can't begin to imagine how much harder it would be with two kids. Especially with the arguments, trying to decide who's right and who needs a time-out. The mainstream financial media is like a couple of eight-year-olds. We hear arguments from both sides -- corporate earnings are beating records, but at the same time joblessness could jump to 10% again. Which is it? And how do you plan an investment strategy against such bipolar predictions? Here at Smart Investing Daily, we believe the U.S. economy is at another tipping point. The recent market rallies are unsustainable, are similar to an extinction burst... You know, when a child is throwing a tantrum and he lets out one last big scream before he falls asleep. But in case I'm wrong, wouldn't it be nice to know of an investment that could make you profits if the market rises or falls? Well, I've got one for you...

Invest in Silver

Silver is an interesting precious metal. It protects against inflation like gold. But silver also has a lot of industrial uses. That makes it like copper, which booms during economic recoveries. One of the toughest aspects of gold is to find out if it's trading more as a currency or a commodity. Is gold demand up because of concerns about the debt crisis? Or is gold up because of jewelry demand in India and China? It's an important question, but one that doesn't apply in the same way to silver. Silver straddles the metals industry. Certainly, gold and platinum have industrial uses, and we like both of these precious metals as investments right now. Consider this, though. About a quarter of all platinum consumption came from recycled platinum. That's not the case with silver, and that could mean increased demand during an economic recovery. In fact, 487.4 million ounces of silver were used for industrial purposes in 2010. That's well over four times the amount of silver used to make coins and medals. That's also a gain of about 20% from 2009. Not bad in a struggling economy. With uses that span electrical circuits, water purification, photography and other industries, industrial silver demand makes up 66% of silver production. But there's another aspect of silver that should get your attention -- silver investments. World investment demand climbed 40% last year to more than 279 million ounces. And get this... Hedge funds and money managers increased their silver positions by 19% last week, according to the U.S. Commodity Futures Trading Commission... the third week of gains. (Don't forget to sign up for Smart Investing Daily and let me and fellow editor Jared Levy simplify the market for you with our easy-to-understand articles.)

How High Could Silver Prices Go?

Bloomberg reports that silver could climb as high as $70 an ounce by next March... a jump of almost 75% from current prices. Let's take a look at a chart to see if this is a realistic forecast.

View Larger Chart

This is a chart of silver futures for September delivery. See that pop from late April? A huge move... but prices fell short of silver's all-time high of $50.35 an ounce in January 1980. Since January 2011,silver prices have climbed 26%. That's not a bad gain; it beats gold's gain of 12% handily. But that's not near the pace silver would need to climb in order to meet a 75% gain by next March. Is it possible? Yes. Between September 2010 and May 2011, silver prices climbed 140%. But just as quickly, a huge chunk of that gain disappeared when silver prices dropped from $48 back below $35. Realistically, silver prices may test that all-time high by Thanksgiving. At that point, smart investors should ruthlessly protect their gains. That strong resistance silver shows around $50 an ounce will be tough to beat. Expect a drop in prices anywhere above $48. For investors considering an exchange-traded fund like the iShares Silver Trust (SLV:NYSE), look to the price spike in late April to find your resistance point. For investors looking at silver mining companies, be aware that mining costs, like fuel prices, impact profits. Keep an eye on operating margins as companies report earnings. Lower margins could mean lower earnings moving forward.

Publisher's Note: Taipan's Michael Robinson is the best in the business when it comes to playing the silver market. So far this year, he has led American Wealth Underground subscribers to gains of 200%, 68%, 140% and 353%... all thanks to silver and the metals market. Michael recently unveiled his latest special report. There is a strong chance it will lead to his biggest gains yet. To learn what our silver expert has uncovered, follow the link.

Article brought to you by Taipan Publishing Group. Additional valuable content can be syndicated via our News RSS feed. Republish without charge. Required: Author attribution, links back to original content or www.taipanpublishinggroup.com.

BUY SILVER

DATO' SALLEH MAJID - PELABURAN TERBAIK 2011

2011-07-21T06:30:00.000-07:00

WHY BUY SILVER?

2011-07-19T09:49:00.000-07:00

Silver Has Enduring Value
Mankind�s timeless fascination with silver stretches back 6,000 years. As early as 700 B.C., the Mesopotamian merchants used silver as a form of exchange. Later, many other civilizations also came to recognize the inherent value of silver as a trading metal.

The ancient Greeks minted the drachma, which contained 1/8th ounce of silver; and in Rome, the basic coin was the denarius, weighing 1/7th ounce. And let’s not forget the English shilling "sterling," originally denoting a specific weight of silver, which has come to mean excellence.

Today, millions of people throughout the world recognize silver’s intrinsic value and have made it popular as an affordable investment.

This page explains how to use silver to diversify your investments and hedge against inflation. It will also introduce you to some of the most widely accepted silver investment products.

Silver is a Precious Metal
Although silver is relatively scarce, it is the most plentiful and least expensive of the precious metals.

Precious metals are valued for their beauty and relative scarcity in the Earth’s crust, and their superior properties. They are very malleable, highly resistant to corrosion, superior reflectors of light and are unsurpassed as conductors of heat and electricity.

Besides signifying status and wealth, silver has been one of the most romantic and sought after of all the precious metals. Mystified by its beauty from the beginning of time, people have been drawn to remote areas of the world in search of this white, reflective metal.

Silver has often been surrounded by mystery. The Incas of Peru called it "the tears of the moon" because they were awed by silver’s strange gleam, and the Chinese believed that a silver locket hung around a child’s neck would ward off evil spirits.

Silver’s Role In Your Financial Planning
For the average investor, silver can be an effective means of diversifying investment assets and preserving wealth against the ravages of inflation.

Although the value of silver may vary, it has an intrinsic value that is immutable and permanent. Accordingly, many experts suggest that investors should include it among their investment assets.

Why? Because silver can be an important store of value. For example, between 1971 and 1981, the U.S. dollar lost more than half of its value, while silver prices rose nearly five times.

But what about the future? Nobody knows; but many financial planners still suggest including silver among the investments of their clients.

A Final Word To The Wise
For more information about how to invest in silver, you should consult with well known, reputable brokers, bankers, financial advisors or dealers.

Prior to making any investment, you should make sure the seller is capable of delivering exactly what it is selling, and is providing you with the conditions under which it stands ready to buy back your silver.

The Silver Institute does not provide advice as to the buying and selling of silver or the advisability of trading in commodities, nor the tax consequences of any investment or trade in silver.

FORECAST ON SILVER PRICES

GOLD PRICE CLIMBS TOWARDS $1600/OZ

2011-07-18T02:14:00.001-07:00

As you have probably heard, the gold price has reached the highest price today. It has touched the resistance level of USD1600/oz and mark a new high of USD1601.20/oz at the point of updating this blog.

Just to let you see the evidence of the increase in gold price in real example.

We bought 2 gold bracelets in 2007 at RM75/g. The initial purpose of purchase is for investment. Just keep it until we need money for other important thing.

Let's see what is the price of jewellery today, 18th July, 2011. Source http://www.fgjam.org.my/

In almost 4-and-a-half years, the 916 gold has increase from RM75/g to RM173/gm. This is already more than double the gold price. To be exact, the increase in 916 gold is 231% during this period.

Now, I am calculating the rate of return per year of the jewellery should I sell it today.

916 gold price today : RM173

916 gold price in 2007 : RM75

Rate of return per year from the example

= 173/75 divide by 4.5 years

= 51.3% per year.

This is good or this is good? :D

This is a very real life experience to me. To double your money (in this case, in gold jewellery) in just 4 years is definitely awesome. See Rule of 72 in previous article. We should always be looking out for the highest return to double your money. And best, if you do not hold cash much, but to keep in physical gold bar or silver bar to reduce the impact of inflation in your daily life.

Upon seeing the returns, my better half was asking me during lunch today why I did not buy the necklaces as well during that time!! If only, he have persuaded me then (well, I did not want to look greedy buying everything! ;-) ), we will be smiling a bigger smile from ear to ear looking at the hike in gold prices.

See the gold price climbs for the past 2 years :

In July 2010, the lowest price was USD1158/oz. Today, it has reached 1598/oz.

The rate of return is 38% for the past one year.

P/s : Kena dapat komisyen drp kedai Kembang Jaya ni. ;-)

In GoldAlert.com, the article below is written on 17th July, 2011

Gold Price Climbs Toward $1,600

The gold price climbed toward $1,600 per ounce Sunday night as worries over the surge in borrowing costs for Italy drove investors to add to long positions in the yellow metal. Gold prices, which have risen for ten consecutive days, advanced amid a flare-up of the European sovereign debt crisis. Italian ten-year bond yields crossed 6% last week and traded to record spreads against similar duration German bunds. The lack of deal over the weekend to raise the debt ceiling also helped bolster gold prices late Sunday.

HSBC gold analyst James Steele provided a bullish forecast for the gold price in a note to clients, stating:

“The climate driving gold higher is similar to that of Q2 2010 when gold also jumped to then record highs, buoyed by the emergence of the Greek sovereign crisis and U.S. quantitative easing. Gold is reacting to a similarly bullish cocktail of factors, except that as policy makers appear to have more limited options now, conditions are more gold-bullish now than in 2010.”

HOW TO REDUCE YOUR CREDIT CARD DEBT?

2011-07-15T18:57:00.000-07:00

I was watching Oprah yesterday and Suze Orman was with her talking about debts.

Imagine, in the studio in the show alone, the total debt (credit cards, housing, car loan, personal loan etc) was over RM2million. Wow! There must be only about 50 people inside the room.

We have to realise our accumulating debts and take actions to reduce it. Here are some tips.

REDUCING CREDIT CARDS DEBT

Credit Card is the highest interest bearing loan. Thus, it has to be eliminated first.

Rank all your credit cards with the highest interest charged. Eg No1, Bank A with 24% pa or 2% per month. No 2, Bank B with 18% pa or 1.5% per month
Every month, pay all the minimum requirements for all cards
Find extra money to pay the first card every month.
Once first card is paid off, pay the second highest interest rate card.
Repeat the action until all debts are paid off

HOW TO IMPROVE YOUR CREDIT LIMIT

Pay more than minimum payment on each card
Pay credit cards bills on time
Never go over your credit limit

SPENDING ACTION PLAN

List down all your expenses and categorise them into WANTS or NEED
Circle all expenses with WANTS
If you have debts or NO savings, eliminate the WANTS
Save enough to cover for 8 months expenses
Decide how much you can save each month & add 20%
Search around for a savings Acc with the highest interest rate

So, what do you think? Does this helps you much? Let me hear what you think.

Suze Orman's Article

Record keeping

Suze Orman's video

Suze Orman's money mistakes you can't make

GOLD AND SILVER AS MONEY - REASONS AND RELEVANCE TODAY

2011-07-14T07:05:00.000-07:00

Why is gold - and perhaps to a lesser extent silver - considered as money? Ronald Stoeferle examines the historical reasons and why they are still just as valid today.

The need for a stable means of exchange is as old as mankind. Cigarettes, seashells, salt, goats, dried fish, or paper all fulfilled that role at some point. Their scarceness in relation to annual production made them bad items of value storage; most commodities come with an annual flow that outweighs the stock by a long shot. Therefore in the long run only gold and silver prevailed.

MISES EXPLAINS HOW MONEY WAS CREATED

The regression theorem that Ludwig von Mises postulated in "The Theory of Money and Credit" is a pivotal piece when it comes to our understanding of the monetary character of gold. It says that the expectation with regard the future purchase power of money depends crucially on the knowledge about today's purchase power of money. . Today's evaluation of purchase power in turn is derived from yesterday's purchase power.

If we continue this regression, we find that at the beginning of the process there has to be a good that was generally needed and had an industrial use. This means that money has emerged from a tangible good. This also includes the demand for jewellery and thus gold. According to Mises only those goods that have a generally accepted utility value can turn into generally accepted, natural money. Gold and silver were already used as jewellery before they assumed their monetary functions. According to Mises the past experience is the decisive factor for the future trust in monetary stability.

The trust in the stability and the future purchase power is essential for the value measurement of money. According to the regression theorem people only trust in money as long as it offers a certain degree of safety with regard to the future money supply and thus to the future purchase power. From our point of view, the high stock-to-flow ratio seems to play an important role in this context. In the following we want to discuss this central and unique, and hitherto quite disregarded, feature of gold.

STOCK TO FLOW RATIO DISTINGUISHES BETWEEN GOLD AND COMMODITIES

"A stock of anything has to be started at a moment in time. A stock of 170,000 tonnes does not just suddenly appear. At some point, long ago, the decision was made to begin to hoard gold. No one hoards something that will not hold its value over time. No one would put a dozen eggs or an iron bar in the back shed and expect it to have value fifty years later. The crucial point to understand is that when the original decision was made to begin to acquire and hoard gold, it must have already been regarded as a store of stable value over time, otherwise the decision to store it would not have been made." Philip Barton, "The Dawn of Gold" (to be published later this year)

GOLD'S STOCK-TO-FLOW RATIO AT 65

The most important feature of gold is definitely its extremely high stock-to-flow ratio. The aggregate volume of all the gold ever produced comes to about 170,000 tonnes. This is the stock. Annual production was 2,586 tonnes in 2010 according to the World Gold Council. That is the flow. Dividing the former by the latter, we receive the stock-to-flow ratio of 65 years.

Stock-to-flow ratios gold and silver vs. commodities

Sources: The Gold Standard Institute, Sharelynx.com, Erste Group Research

STOCK-TO-FLOW AS MOST IMPORTANT REASON FOR THE MONETARY RELEVANCE OF GOLD AND SILVER

Paradoxically, gold is not scarce - the opposite is the case: it is one of the most widely dispersed goods in the world. Given that its industrial use is limited, the majority of all gold ever produced is still available. The recycling of existing gold accounts for a much larger share of supply than for other commodities. This is also why any significant production expansions or disruptions can be absorbed more easily. We therefore believe that gold is not that precious because it is extremely scarce, but because the opposite is true: gold is considered that precious because the annual production is so low relative to the stock. This feature has been acquired in the course of centuries and cannot be undone anymore.

Global gold reserves grow by an annual 1.5% and thus at a much slower rate than all the other money supply aggregates around the globe. The growth rate is vaguely in line with population growth. The trust in the current and future purchase power of money or any means of payment not only depends on how much is available now, but also on how the quantity will change over time.

If mining production were to increase by 50% (which is highly unlikely), this would only translate into an annual increase of 3%. This fact creates a sense of security as far as the availability is concerned and prevents natural inflation. If production were down for a year, this would also have little effect on the overall situation.

On the other hand, if copper production were to be disrupted for an extended period of time, the stocks would be exhausted after about 30 days.

For example, if a huge new mine were to come online and supply doubled, this would come with huge repercussions for the copper price, but with hardly any for gold. This stability and safety is a crucial prerequisite for the creation of trust. And it is what differentiates gold and silver as monetary metals clearly from commodities and the other precious metals. Commodities are consumed, whereas gold is hoarded. This also explains why traditional supply/demand models are only of limited use for the gold market.

Further distinctive features in relation to commodities:

· Gold does not corrode or go bad

· Gold is easily worked on and easily recycled

· Gold has a high ratio of value per weight and volume unit

· The storage and transportation costs of gold are low in relation to its value

· Gold has clear quality standards that can easily be checked

These seem to be some of the reasons why central banks around the world hoard gold instead of copper or coal.

"Lasting backwardation in gold is tantamount to the realisation that ‘gold is no longer for sale at any price' [1]

We have now explained why gold is no commodity, but rather a monetary good. Due to the high stock-to-flow ratio gold tends to be traded in contango. This means that the futures price is above the spot price. The last backwardation in gold dates back to 2008, while silver was traded in backwardation in January 2011. In the case of backwardation, the market sends a signal as a result of which demand all of a sudden increases, and it makes no sense anymore from an economic point of view to bet on a later delivery date, given that the costs of storage, financing, and insurance would be higher. Backwardation is a clear sign of supply shortages.

We entertain some doubt about the alleged amount of 170,000 tonnes of above-ground stock. The figure is based on the calculations of a National Geographic article of 1998. Since then, practically all institutes, magazines, and analysts have based their models and assumptions on that figure. The conclusion of the article was that only 10,000 tonnes were produced in the whole 5,850 years prior to the California gold-rush. That amounts to only 1.7 tonnes a year which seems to leave a large question mark over the estimate.

On top of that we believe that almost 30% of annual gold production ends up in the private/black market rather than the official market. The volumes of artisanal mining should not be underestimated, especially in Latin America, Africa and Asia. Therefore we entertain doubts about the 170,000 tonnes and we think it makes sense to at least question the figure and to entertain the idea that substantially more gold than claimed might be around. On the other hand, this would only add to the power of the stock-to-flow ratio of gold.

INDIA TO IMPORT 350 TONS OF GOLD, 1200 TONS OF SILVER

2011-07-13T09:10:00.000-07:00

NEW DELHI (Commodity Online): India’s state-owned trading company—Minerals and Metals Trading Corporation (MMTC)—said on Thursday that it would import 350 tons of Gold and 1,200 tons of Silver in 2011-12 as demand for the precious metals is rising fast.

"We plan to 350 tons of gold and 1,200 tons of silver in the 2011-12 fiscal as the domestic demand for these metals are fast rising," MMTC Marketing Director Ved Prakash told reporters.

India is one of the largest importers and consumers of gold and silver in the world. As the domestic production of these precious metals is negligible compared to their rising consumption, India has been importing hundreds of tons of gold and silver every year.

Prakash said that import of gold by MMTC in the current fiscal is expected to increase by more than 40 per cent with the yellow metal fast emerging as a safer investment option.

"We are stepping up import of Gold this fiscal due to rising demand for the nobel metal. Also, its value as a safe option, in the current volatile market, is rising,” he said.

The company almost doubled its import of gold at 45 tonnes during the April-June quarter this year compared to the same period last year, he added. He said besides gold, the demand for Silver is rising as

it gives better returns.

Silver prices have been touching new peak in India thanks to robust demand amid short supply in the global market.

Majority of silver in India is used in the production of ornamental items like jewellery, utensils and gift articles. Every year, India buys more than 4,000 tonnes of silver and over 960 tonnes of gold.

• IS IT STILL A GOOD TIME TO BUY GOLD?

MORE CHANCES TO ACCUMULATES IN PRECIOUS METAL

2011-07-01T04:20:00.000-07:00

These are the prices at 6:05pm on 1st of July.

Indeed, these are the support price that we should be looking at. Time to purchase everyone.

Watch out for better prices tonight before the market closes.

See Authorised Dealers to buy.

See Index

PHYSICAL GOLD RETURN ON INVESTMENT : MORE THAN 20% P.A.

2011-06-21T20:13:00.000-07:00

Below is the Chart of Prices of Kijang Emas 1oz for the period over 2 years.

Source : Bank Negara Malaysia

The maximum price for Kijang Emas 1 oz was recorded on 21st June 2011 at RM4968. The minimum price was RM3439 on 9th July, 2009. Over the period of 2 years, the Kijang Emas has an increase in price of RM1529 ie 44.5%. The spread for Kijang Emas is 4% currently. Should investor sells their physical Kijang Emas, net return is 40.5% or 20.25% per annum.

Below I shall show you Public Gold Prices :

Source : emas999.wordpress.com

Source : publicgold.com.my

If you buy PG 20g gold bar on 22nd June, 2009, you have to pay RM2,234 at 'We sell' price. If you want to sell now, you will receive RM3,188 ie at 'We buy' price. Your profit will be RM954 and return of investment is 42.7%. If you annnualised the return, the return of investment is 21.35% per annum (42.7% diivide by 2 years).

Average 20 - 25% return is very likely for physical gold investment. It is certainly worth to diversify your asset portfolio. Bear in mind, the return will be more if you take the opportunity to become PG dealers as you can create you home business from it. You gain more by getting the spread.

In a Hadith, Rasulullah saw mentioned that 9 out of 10 sources of livelihood are to be found in the pursuit of trade, commerce and business. Well, physical gold business may be your additional source of passive income.

I will give you an example. You have a pool of customers. Those buying from you after some time will want to sell. If they are selling today, you buy their gold at today's price 'We buy'. Another customer wants to add more to their investment, you can sell the same gold at 'We sell' price. Instantly you gain the spread (difference between 'We sell' and 'We buy').

Using today's price above :
Customer A is selling 100g gold bar at RM15,959.
Customer B wants to buy 100g gold bar. You sell at RM16,799.
You gain RM840 (sometimes without using you own money).

It is indeed a good source of income. Daily prices are always updated in this blog (at the right hand side of the blog, if you have not notice) or the official website of Public Gold www.PublicGold.com.my and www.PublicDinar.com

RELATED ARTICLES :

• ASB DIVIDEND 2010 ANNOUNCEMENT

• GOLD PRICE DROPS !!! SHOULD YOU PANIC?

See INDEX

ARE YOU BIAS IN YOUR INVESTMENT DECISIONS?

2011-06-21T01:13:00.000-07:00

Most people are. They tend to be very protective of what they want to 'sell'. For instance, a Unit Trust (UT) Agent will definitely say that their UT portfolio is the best. An Insurance agent will say the same to their products.

As for myself, I have not said that Gold Bars & Silver Bars should solely be your assets. I was saying that Gold & Silver should be considered as one of your investment portfolio. Many people have not been aware of this opportunity. They took wrong moves by not asking the correct questions to the correct person. They buy jewelleries, thinking that Gold & Silver Investment is buying jewelleries. They shopped at jewellery shops and get discounted (sometimes up to 25%-30%) when they wanted to sell.

You can actually gain about 23% per annum with physical gold. But you have to be smart doing it. See the forecast here.

Shayne McGuire in his book "Hard Money : Taking Gold to a higher Investment Level", a moderate-risk investor should have 5 - 9% investment in Gold & Silver. A high-risk investor can have up to 25% - 30% Gold & Silver Investment.

HOW NOT TO BE BIAS IN YOUR INVESTMENT DECISIONS?

I quote the sayings of Bengt Saelensminde, TheRightSide@moneyweek.com

Three tricks for being more objective about your investments

First, let diversification help you. A diversified portfolio helps reduce risk and gives you the option of changing your investment mix as opportunities show up. But on top of that, it can help you kick a bias…

Recently I argued that creating a balanced portfolio will often push you into holdings that you don’t even like.

That’s why I still hold a slug of government bonds. I don’t like the investment. I hate the idea of lending my money to a government sliding ever closer to insolvency. But as part of a balanced portfolio, I hold anyway. And because I hold those bonds, I feel a little more generous towards the sector. Though the child looks ugly, I can see its better qualities. I see its steadfastness as my equities get buffeted around.

The second way to kick a bias may sound a bit ‘school-boy’. But I’m a great believer in it. And that is keeping an investment diary. Every trade you make, you note down why you made it and what you expect it to achieve.

By regularly reviewing your notes you’ll find that you can judge your investments and returns more objectively. Your notes will help you see the error of your ways. If your reason for buying a stock turned out to be wrong, then it’s better to dump the stock before the rose-tinted specs blur the view.

My final way of clearing away the biases is to make an effort to read more widely. It’s hard to read articles that don’t sympathise with your views. But you can still disagree with the article. And only by understanding the enemy can you see their weaknesses and ultimately win the battle.

So, what do you think? Be open minded especially regarding managing your money wisely. Unlearn, learn and relearn. Leaving you with my two-cents, Knowledge is nothing. APPLIED Knowledge is Something. Always be able to see opportunities when it comes knocking at your door.

Have FUN browsing the blog.

INFLATION, STAGFLATION, DEFLATION: GOLD AND SILVER STILL GREAT INVESTMENTS

2011-06-20T03:48:00.000-07:00

Why gold (and to a perhaps lesser extent silver) is the asset of choice to hold in uncertain economic times when any one - or all - of inflation, stagflation or deflation may become prevalent

Author: Julian Phillips (Reuters)

BENONI -

In this article we look at some critical fundamental features of precious metals that are rarely considered or accepted in the developed world markets. Expert investors like Warren Buffet look at inactive, buried gold with amazement, because he is focused on companies that produce things and earn money. And most of us wish we had his skill and money behind us.

George Soros and the like invested in gold as an anti-deflationary measure. Most analysts appreciate the anti-inflationary value of gold and silver. The protection of gold and silver in stagflationary environments are a combination of both abilities.

But why are gold and silver capable of giving such protection in bad times as well as good times?

They have certain qualities that shine forward at times when other investments fail.

THE LIMITATIONS OF CASH

In times of monetary stability and soundness, safely-stored cash never fails. Most consider cash in the bank to be the safest conservative investment, and in the distant past, the days of our grandfathers, this was largely true.

But that horrible word, inflation, came into being where prices kept on rising and cash saved would buy less-and-less. Interest rates compensated for this inflation, but then interest rates stopped rising. When interest rates did rise, it was at a slower pace than inflation. Cash lost its buying power as time went by. Bank charges would eat away any gains that might be made. At first inflation would occur one country at a time, and the exchange rate on those currencies fell, hurting international buying power even more. Today inflation is a global phenomenon.

Investors would have to move out of cash and into businesses or other investments that offset the cost of inflation. This was not easy unless inflation happened while growth was vibrant. And this benefitted those middle classes that enjoyed such growth. The poor, whose income rises slower than inflation, feel the pinch.

Suddenly, booms turn into busts and businesses don't do well. The value of businesses and its shares fall, losing investors money. Even self-managed businesses fall in value, putting rich people into bankruptcy. This is deflation, a monetary mood that causes values to shrink. In deflation the value of cash grows as prices fall.

Those who believe they are skilled investors answer, sell, then cheaply buy back. We look at that timeless story of an investor who did that just before the Wall Street Crash. His friend did not do so well selling only when the fall was half way down. But our hero who sold at the top, overwhelmed by his own skill bought back in, when the fall was half way down. His friend did not buy back in, but stayed in cash. It's not so easy!

Then you get a situation when the bust happened and all of the markets plummet because forced selling drives investors out. Interest rates fall to negative levels. If cycles are consistent, there should have followed a boom period. But growth was so anemic that stagnation set in. Businesses and the economy struggle to find small amounts of growth and some cut back, turning over at survival level.

Suddenly, something that shouldn't happen in a downturn happened. It was inflation, driven by factors no government can control. It came from energy and food and became uncontrollable. This type of inflation is deflationary. Businesses covering expenses suddenly found their costs ate away at profits much the same as deflation and inflation would have done. This is ‘stagflation', a climate where stress levels steadily eat away at sanity.

Surely bills and bonds are a way out of the hole, as they pay an interest rate, while being almost like cash?

The trouble with this thinking is that interest rates have fallen so low that the bill and bond markets are so high as to be heading for a fall, far worse than any Wall Street Crash.

Next interest rates rise to stop negative interest rates from rising higher. Then the prices of fixed interest securities have to fall, while their yield rises. Investors rush to exit those markets the moment that happens.

Surely there is no escape from these three economic ailments?

Well, there is....

For a long time, our Asian friends have suffered through poverty, hard times, government corruption and mismanagement. They have found refuge in good times and bad times. They want financial security and their investments to last for more than one generation. Correctly invested, their savings provide financial security for many generations.

You would have thought that Europe in particular would have learned the same lessons with their history of currency collapses and wars.

WHY PRECIOUS METALS?

Gold (and to a lesser extent, silver) is more than a barbarous relic from yesteryear. Its rising price is telling us that it is a very modern investment preference because

· It is both cash and an asset.

· In the long term, it outperforms cash because of these qualities...

· It has all the features that makes cash valuable, even capable of earning an income(when lent out).

· It is an enhanced version of cash, in that it is not subject to the vagaries of interest rates solely dictated by central banks and banks.

· It carries no national obligations. It does not rely on nations to supply collateral to honor payment. If you ask the Fed to honor the value of your dollar, they will simply exchange it for another.

· It is not dependent on the creditworthiness of the nation issuing money.

· It has the same value in Mongolia as it has in the U.S. or Europe.

· It is collateral in any transaction and of greater value than the price it can be exchanged at.

· It cannot be issued at will, with the intention of being withdrawn from the system later.

· It does not decline when an individual currency declines (and does not rise when that currency rises in value). It is a ‘counter to currencies'.

· This century it has moved away from the control of the U.S. and Europe to global control. In the years to come, rising Asian demand will dwarf demand from the developed world, making it a fully internationally-valued asset again.

· In a deflating global economy (just as cash is a national protection) gold is better than cash even when local currencies are not deflating.

· In an inflating global economy, gold acts as an asset, when currencies are cheapening. There are no other currencies that are deemed as assets, like gold.

· In a stagflationary economic environment, gold acts both as cash and an asset.

Julian Phillips is a long time specialist analyst of the gold and silver markets and is the principal contributor to the Gold Forecaster - www.goldforecaster.com - and Silver Forecaster- www.silverforecaster.com - websites and newsletters

• SILVER AND GOLD SHOULD BE IN YOUR INVESTMENT PORTFOLIO

PUBLIC JEWELLERY ~ NEW JEWELLERY ITEMS JUNE 2011

2011-06-16T03:25:00.000-07:00

Please find below is the new range of Jewellery from Public Jewellery. Please contact the Authorised Dealers to purchase.

RELATED ARTICLES

• INVEST AT ZERO KNOWLEDGE
• GOLDEN GOOSE VS PASSIVE INCOME
• GOLD AS AN INVESTMENT - WIKIPEDIA

• INDEX

BEST IS YET TO COME FOR COMMODITIES

2011-06-14T23:17:00.000-07:00

Best is yet to come for commodities

Written by Celine Tan of theedgemalaysia.com

Tuesday, 14 June 2011 17:36

KUALA LUMPUR: Prices of commodities — from precious metals and industrial metals to foodstuff — experienced a dramatic decline in early May.

On May 6, silver fell 30% while crude oil, lead, nickel and copper fell 7% to 12%. Soft commodities fared little better, with coffee declining 3.3%, sugar 2.5% and cotton 4.6% the day before.

The Reuters-Jefferies CRB Index, which tracks 19 major commodities including crude oil, gold, silver, copper, aluminium, soybean and sugar, ended the week with a 9% drop, its biggest weekly decline since December 2008.

The dramatic sell-off was led by silver and oil. John Stephenson, author of The Little Book of Commodity Investing, says the catalyst for the metal was the London Metal Exchange’s three increases in margin for the silver contract in a single week.

“Generally, the catalysts for this decline include investors re-thinking their tolerance for risk, the faster-than-expected rate hikes in India as well as earlier (interest rate) moves in China and other emerging markets.

“(These factors) remind investors that there are limits to global growth. The European central bank failed to boost interest rates, a move that was widely expected. This helped to reverse the trade into the euro and sent the US dollar flying with the dollar index rising 1.5% in a single day. With the US dollar soaring and the realisation gradually dawning on investors that emerging market economies were taking steps to slow growth, the rout in commodities was on.”

Globally, commodity traders and analysts are of the view that commodities denominated in the US dollar are becoming increasingly expensive and the sharp sell-offs were prompted by fears of a slowdown in global economic growth. However, experts do not expect the fall in commodity prices to be prolonged. CLSA Asia Pacific Markets (Malaysia) in its weekly report says the current sell-off is “another healthy corrective phase”.

The report says, “according to technical guru Laurence Balanco, historic price patterns show that the fallouts after an accelerated advance tend to lead to a prolonged period of range trade before the long-term trend can reassert itself. We believe that the long-term gold price uptrend remains intact and once this correction runs its course, further gains are anticipated. Our US$1,800 upside target [for gold] remains intact. And, silver’s run is still far from over.”

Stephenson concurs that the recent fall of commodity prices does not signify the end of the commodity boom.

“Commodity booms last on average 20 years, so we are halfway through. The average mine cost about US$1 billion (RM2.48 billion) to build and takes a decade to begin production. Sluggish supply coupled with voracious demand from Asia is the primary reason why commodities will continue to be in the forefront of investing for at least a decade.”

The overall view is that commodities are still good investments for the next 20 years. “The ‘best’ is yet to come. Investors should understand that oil and copper are linked to global growth, agricultural commodities are linked to weather patterns as well as changing diets globally, and precious metals are linked to the US currency weakness and financial distress,” says Stephenson.

GOLD PRICE MAY HIT $1800 BY YEAR-END

2011-06-06T23:14:00.000-07:00

Muzaffar Rizvi

5 June 2011

Gold prices will continue to rise in the foreseeable future and may hit $1,800 an ounce by the end of this year due to its strong demand in India, China and other emerging markets, a top official of Pure Gold Jewellers said.

Pure Gold Jewellers chairman and founder Firoz G. Merchant said investors’ appetite for the yellow metal is on the rise due to its better rate of investment returns in the past couple of years.

He said high oil prices, economic instability in major global economies and a fear of a double-dip recession in Europe and the United States also played a key role in attracting investment in gold that keep its outlook bright in the near future.

‘Asia will be engine of growth in days to come and Middle East countries will lead the recovery in global economies as the higher crude prices will help the regional governments to spend the surplus funds on development and infrastructure projects,’ Merchant told Khaleej Times in an interview.

Pure Gold Jewellers, established in 1989, is one of the fastest-growing jewellery houses in the UAE and GCC countries. The group, which counts a jewellery and accessories line in its portfolio, operates 52 outlets in the UAE and has massive expansion plans in GCC and India.

‘Major European countries are facing difficulties to overcome inflation and debt crisis, Japan is hit by a natural disaster and the United States is also not yet come out of the recession,’ he said, adding that tougher days are still ahead for the US and other Western countries.

He said oil prices maintained an upward trend but its volatile trade has shaken investors’ trust in black gold, leaving no other option for them to invest in the yellow metal.

‘I believe oil prices are going to be out of control and will be stable at $200 a barrel during the next couple of years.’

By late Friday on London’s Intercontinental Exchange, Brent North Sea crude for delivery in July rose to $115.12 a barrel from $114.67 the previous week. On the New York Mercantile Exchange, West Texas Intermediate or light sweet crude for July eased to $99.75 a barrel from $100.35.

‘Amid considering all these situations, investors consider investment in gold a safe bet with a confidence of getting higher profit returns,’ Merchant said. He said gold prices would continue to maintain an upward trend due to higher demand in India, China and emerging markets.

‘Gold prices will be ranging between $1,700 to $1,800 an ounce by the end of this year,’ he said, adding that the prices may be touching the $3,000 mark in three to five years due to strong demand and investors’ faith in the yellow metal.

Gold rose to $1,540 an ounce by late Friday on the London Bullion Market Gold. The metal enjoyed solid gains in recent times garnering support from its status as a safe haven in uncertain economic outlook in major economies of the world.

Original article in full

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ZAKAT EMAS

2011-06-06T21:09:00.000-07:00

Rujukan : http://zakat.com.my/zakat-emas

Emas adalah jenis-jenis logam yang diwajibkan zakat. Kewajipan zakat ke atas logam ini dijelaskan dalam firman Allah S.W.T. bermaksud:

“Dan mereka yang menyimpan emas dan perak dan tidak membelanjakannya pada jalan Allah (mengeluarkan zakat) maka khabarkanlah kepada mereka dengan azab yang pedih, pada hari emas dan perak dibakar di dalam neraka jahanam lalu diselar dengannya dahi dan rusuk mereka dan belakang mereka seraya dikatakan kepada mereka inilah harta yang kamu simpan selama ini buat dirimu, maka rasailah balasan apa yang kamu simpan dahulu”.

At- Taubah; ayat 34-35

Zakat emas dikira dalam dua keadaan.

1. Emas yang tidak dipakai (disimpan)

Emas yang tidak digunakan atau dipakai walaupun sekali dalam tempoh setahun. Jika nilai emas tersebut menyamai atau melebihi 85gram (nisab), maka wajib dikeluarkan zakat sebanyak 2.5%.

Contoh:

2.5% x nilai emas yang disimpan (jika melebihi nisab) Contoh : RM6,000 x 2.5% Jumlah zakat = RM 150

2. Emas yang dipakai

Emas yang dipakai (sebagai perhiasan) walaupun sekali dalam tempoh setahun tidak wajib dikeluarkan zakat ke atasnya. Tetapi jika ianya melebihi ‘uruf’ (nilai kebiasaan pemakaian masyarakat setempat), maka ia diwajibkan zakat dengan kadar 2.5% atas lebihan dari nilai uruf. Nilai yang diambilkira adalah nilai semasa emas sahaja iaitu tidak termasuk batu permata.

Majlis Agama Islam Wilayah Persekutuan menetapkan kadar uruf adalah 150 gram emas.

Contoh:

Berat Emas yang dipakai = 250 gram Uruf Emas = 150g ram

Berat Emas yang layak dizakat = 250 gram - 150 gram = 100gram Zakat yang wajib dibayar = 2.5% x (100 gram x harga semasa) = 2.5% x (100 gram x RM 77.16) = RM 192.9

ARTIKEL-ARTIKEL BAGI PELABURAN EMAS

ZAKAT PERAK

2011-06-06T20:48:00.000-07:00

Rujukan : http://zakat.com.my/zakat-perak

Menurut hukum syarak, logam perak adalah termasuk dalam kategori jenis-jenis harta yang dikenakan zakat. Pada umumnya barang-barang logam perak yang digunakan oleh manusia terdiri dari 4 bentuk utama:

Jongkong perak
Matawang perak
Perkakas atau perhiasan rumah daripada perak
Barang perhiasan/barang kemas perak

Nisab dan kadar zakat perak

Ijma, ulama telah menetapkan nisab perak sebanyak 200 dirham iaitu bersamaan 595 gram.

Dalil zakat perak

Sabda Rasulullah SAW

Maksudnya:

"..Tidak diwajibkan zakat pada perak jika kurang daripada 5 awsuq (bersamaan lebih kurang 930 liter)". (Riwayat Muslim)

Maksudnya:

"Pada perak (zakatnya) 1/40...". (Riwayat Al-Bukhari )

Contoh pengiraan zakat perak

Berat barangan perak x harga semasa x 2.5%

Katakan Ahmad menyimpan 1,000 gram perak (telah melebihi nisab) Kadar zakat = 2.5% * harga semasa perak (contoh) = RM 0.62

Zakat = 1,000 gm x RM0.62 x2.5% = RM15.50

ARTIKEL LAIN : PELABURAN PERAK (SILVER)

• SILVER INVESTMENT - ONE OF THE BEST AVENUE TO HEDGE YOUR MONEY

• SILVER AND GOLD SHOULD BE IN YOUR INVESTMENT PORTFOLIO

• SILVER'S GROWING INDUSTRIAL DEMAND

• SILVER AS AN INVESTMENT - WIKIPEDIA

• SILVER OUTSHINES GOLD, BUT FOR HOW LONG?

• SILVER PRICES ON THE WATCH

• INDEX

SILVER PRICES ON THE WATCH

2011-05-30T23:51:00.001-07:00

I am looking at silver prices and even though everyone hesitates to buy due to high price of silver, I would still say I will go for it. I would buy silver whenever I have the extra money.

Currently price is at USD38.12/oz. Even though the last 2 weeks, the prices were favoured (between USD34/0z – USD36/oz), the price has already bounced. Looking at it positively, even at USD38.12/oz, it is still a discounted price from the peak at USD48.70/oz on 28^th April, 2011. The current price is 78.3% cheaper than the highest price, a discount of 21.7%. You like buying on a discount, don't you? All of us do.

Why do I say that silver is still cheap?

Look at the projected silver prices…

If I buy silver now at USD38.12/oz and it rises to USD150/oz, WOW! That is almost 4 times my investment amount (3.93 times to be exact). Say that the targeted prices will only be reached in 10 years' time, that s 393% in 10 years or 39.3% per annum. That is better than most investment I know. What if it happens sooner than 10 years? What do you think? Do you like the idea?

Think about it ...

Next question that you will ask is where to buy? Call me to buy Public Gold Silver bars or message me in Facebook.com/DinaTalib.

Public Gold current prices for silver bars can be sighted at the right hand side of this blog.

Have fun investing!

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UTAH LEGALIZES GOLD, SILVER AS CURRENCY, MORE STATES TO FOLLOW?

2011-05-24T03:51:00.000-07:00

Utah has now made official the use of gold and silver coins as legal tender.

This marks the first time since 1971 that any government entity in the United States has legalized the use of gold and silver as currency.

The law, signed by Governor Gary Herbert, does not require citizens to pay or accept payment in gold or silver, but rather offers an alternative to the fiat-based Federal Reserve note.

The Utah law will also exempt the sale of gold and silver coins from state capital gains taxes, according to the Associated Press.

The idea was developed by Republican state Representative Brad Galvez, who sponsored the bill primarily as a protest against the reckless monetary policies of the Federal Reserve. Rep. Galvez stated that the American people are losing faith in the dollar and a sound monetary alternative is necessary.

“We’re too far down the road to go back to the gold standard,” Galvez contended. “This will move us toward an alternative currency.”

Larry Hilton, a Utah attorney who assisted in the drafting of Utah’s law, asserted that “We view this as a dollar-friendly measure. It will strengthen the dollar by refocusing policy matters in Washington on what led to the phrase, ‘the dollar is as good as gold.’”

Ralph Danker, project director for economics at American Principles in Action in Washington, D.C., which also helped draft Utah’s legislation, stated that ”Making gold and silver coins legal tender sends a strong signal to Congress and the Federal Reserve that their monetary policy is failing. The dollar should be backed by gold and silver, so we have hard money.”

The AP also noted that “Earlier this month, Minnesota took a step closer to joining Utah in making gold and silver legal tender. A Republican lawmaker there introduced a bill that sets up a special committee to explore the option. North Carolina, Idaho and at least nine other states also have similar bills drafted.”

FAQs ON PUBLIC GOLD

2011-05-24T03:35:00.000-07:00

What is Public Gold?

Public Gold allows individual customers to invest in physical gold in a convenient, more secure and cheaper way. Customers can purchase gold in 999.9 fineness at all Public Gold Branches at daily quoted gold prices for 20g, 50g, 100g and 500g in Malaysian Ringgit.

Why would you want to invest in Public Gold?

Public Gold is one of the best ways for a customer to build up a personal gold portfolio by purchasing small amounts of gold on regular basis over a period of time. This "cost averaging" will ensure that the total gold investment will be acquired at the average gold price.

What are the benefits of having a Public Gold?

There are a number of benefits to customers and these include :

· Convenience of investing in gold at any Public Gold branch in Malaysia.

· It is secure, as it in physical forms.

· It is cheaper as the gold prices quoted will be pegged to international gold prices without the usual additional charges.

· Customers can invest in small amounts at a time i.e. minimum 20 grams.

· There is opportunity for capital gain if the gold price appreciates.

· Gold can be a hedge against inflation.

How would you make a capital gain from investing in Public Gold?

Internationally, the gold price is quoted in US Dollar per ounce. For Public Gold, the gold price will be converted to the Malaysian Ringgit . You will make a capital gain if the gold price appreciates.

When is the right time to purchase gold?

The right time would be when the gold price is low.

Will the gold price quoted daily be better than at goldsmith shops?

The price of gold quoted daily will be pegged to the international gold price and will definitely be better than goldsmith shops.

What is Bullion?

Means melting place, from the French bouillon, boiling, derived from the Latin bullio). A bullion is a precious metal (Gold) that is valued by its weight in a specific precious metal. Unlike commemorative or numismatic coins which are valued by limited mintage, rarity, condition and age, bullion coins are purchased by investors seeking a simple and tangible means to invest.

Why invest in gold bullion?

Making the precious metals part of your financial planning is becoming one of the rules of good investment strategy. And people like the idea of holding something of real value in their hands, instead of trusting everything to a bank or broker. The economic forces that affect the price of precious metals are different from, and often are opposed to, the forces which determine the price of most common financial assets. This independent movement of precious metals to other financial assets can reduce overall portfolio volatility and contributes balance.

Whether you are conservative or aggressive in your investment approach, precious metals can represent an important part of your asset allocation. Some experts suggest that 10-15% of portfolio assets be in precious metals. No matter what level of risk an investor wishes to take, every portfolio needs a secure foundation. Gold are one of the most liquid of all investments. It is readily portable. It is easy to store. It is recognized in every country. It is easily and discreetly bought and sold. It can be easily converted to cash at any time.

What should I buy coins or bars?

Bars

For the serious and large scale investor, gold bars are a simple and efficient way to invest in gold. The larger bars are usually available at the lowest premiums over their intrinsic gold value, smaller bars tend to cost more. There is a trade-off however, in that larger bars are not as flexible when it comes to selling. If you own a kilo bar, and you wish to sell, say 3 ounces, it’s not easy to slice off one end of your bar. Your choice of buyer is also more restricted as you will need to sell to a larger dealer, it is unlikely that you will find a private buyer as most people are not familiar with gold bullion bars.

Coins

It is sensible to consider modern one ounce gold bullion coins as being one ounce circular bullion bars. As coins are individually minted they in themselves provide their own authenticity and are available at very competitive prices compared with similar size bars. Because gold bullion coins are almost universally recognised, they are also easy to resell.

What is the spot price?

The Spot Price is the internationally agreed price, based on supply and demand, for a 1 troy ounce of gold. Spot prices can change every minute.

What is a Troy Ounce?

A troy ounce is the traditional unit of weight for precious metals.

One troy ounce = 31.104 grams 32.151 oz = 1 Kilogram

Why do I pay a premium over the spot price?

When you buy any bullion product you are buying a precious metal that has been manufactured and minted into a tradeable form. The premium over the spot price is made up of this manufacturing cost.

What is meant by the Margin Spread?

When you buy precious metal you pay a premium above the live spot price, (Lets say 6%). When you come to sell your precious metal you receive a price below the live spot rate (say 1%) Therefore in this example the margin spread is 7 percentage points.

Where can I sell my precious metals?

Because Gold is an international standard you will be able to trade coins and bars in most countries in the world.

Public Gold offer the most competitive buy back rates in Malaysia.

How do I purchase Gold Bullion?

You can call our Authorised Dealers or Public Gold at +604-6449999 (Main Office), or +604-2619999 (Bishop Branch).

When do I need to pay for my precious metal order?

Public Gold will provide its Ringgit Malaysia account details in the contract that has been emailed or faxed to you. You must arrange for a credit to this account and confirm payment (Cash, Internet Banking, Bank to Bank transfer or Eftpos) within one and a half hours. We require this confirmation as most deposits will not process until overnight. If you do not provide this confirmation Public Gold retains the right to cancel your order.

Do I have to pay any commission on my purchase?

While many institutions and dealers charge a commission on trading precious metals, Public Gold does not charge commission.

What forms of payments does Public Gold accept?

As is international practice in trading precious metals, Public Gold only accepts the following forms of payment, telegraphic transfer, credit card and Internet Banking.

When can I take delivery of my purchase?

This will somewhat dependent on our product schedule but you can expect to take physical possession of your purchase within 5 working days.

How are Public Gold coins packaged?

Each coin will be inside individual plastic sleeve to protect them from being scratched or marked by fingerprints. Each coin will be accompanied with Public Gold official Certificate of Authenticity.

Do Public Gold margin spread always be maintained at 5% to 6%?

Yes. It will be maintained under normal political and social circumstances. But not during extreme market conditions, such as financial and economic critical, social unrest, political unstable and war. The margin spread will be special adjusted when these conditions happening.