Archive for the ‘Financial Crisis’ tag
How to Buy Gold @ Maybank (Step-by-Step)
Follow up from my previous post on ‘How to Buy Gold in Malaysia (Halal)‘.
Gold Savings Passbook Account
Why buy Gold again? Here is why..
You can either buy gold @ Maybank in the form of 1)Kijang Emas Gold Bullion Coins; or 2)Gold Savings Passbook Account.
Gold Savings Passbook Account is like you buy the gold (in grams) and let the bank keep it for you. You will be given a Passbook Account. Your savings will be recorded as how many grams Gold you have, not in terms of how much money you have invested.
Other things to note:
- Minimum deposit: 5gm
- Trading unit: Minimum 5gms in multiples of 1gm
- Fineness: 999.9 gold
- Administrative charge: 0.25% p.a.
Related Posts:
Second Tsunami is coming? (Singapore’s Debt)
Singapore’s ratio of debt to GDP is a whopping 99.2 percent.
If Singapore goes belly up, forget about any substantial growth in Asia to spur global recovery. Anyone who knows about the way business is done in the ASEAN region knows too well that if Singapore defaults, Indonesia will be the first to sink, followed rapidly by Thailand and Malaysia. The contagion will then spread to the rest of Asia. China will not be able to put out the fire.
When?
After the failure of Europe to solve the problems of Greece, Spain and Portugal!
Source: FutureFastForward
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When Central Banks Rule the World (The Series)
What Will Happen When Central Banks Rule the World?
More? Click Here
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How to Buy Gold in Malaysia (Halal)
Continue from my previous post on gold: Gold Is Not Going Up – Paper Money Is Going Down
So… how to buy Gold in Malaysia (Halal way) ?
Gold
As mentioned by Ustaz Zaharuddin Abd Rahman in his website (in Malay):
HALAL DAN SAH :Setelah anda membaca dua bentuk yang jatuh haram, sudah tentu anda mampu memeastikan bagaimana bentuk akaun pelaburan emas yang halal dan sah. Iaitu :-a.Bank memiliki emas yang dijual semasa menjual.b.Bank memberikan bukti dan hak tasarruf kepada pelanggan sama ada dalam bentuk fizikal emas atau bentuk sijil hak ke atas sejumlah emas (yang telah dibeli), yang mana sijil itu melayakkan pelanggan itu menuntut emasnya secara fizikal pada bila-bila masa yang dikehendakinya. Ini bermakna sijil itu ibarat sebuah kad debit dan cek yang mewakili duit fizikal yang wujud. Penyerahan menggunakan sijil ha milik emas sebagai tanda pembeli dan pembukaan akaun sudah sempurna adalah SAH DAN HARUS di sisi Islam. Ia dianggap sebagai penyerahan tidak fizikal (al-Qabdhu Al-Ma’nawi) Demikian fatwa oleh Majlis Fiqh Antarabangsa dalam keputusan mereka nombor 84, 9/1 (Qararat Wa Tawsiat, hlm 191)
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CURRENCY CRISIS PAST AND PRESENT 101
Want to know more about the currency crisis?
Well said by Dr M@Chedet in his blog…
4. Some even blame a lack of democracy which triggered the financial crisis. And many more. But as mentioned above, no one placed the blame on the manipulation of the currency, by currency traders.
6. In the light of the meltdown and the collapse of the financial bubble which had struck the great democracies like the U.S., Britain, Germany and others, should not these analysts and writers realise how ridiculous it is to attribute the Asian Crisis to a lack of democracy
27. The rich countries of the West had grown and prospered because of their industries i.e. the production of goods and the supply of services to their domestic market and to the world. Their cost was going up rapidly as the labour unions kept demanding for higher wages and expensive perks. But for as long as they remain the principal producers of the high-value goods and services, they could still sustain their production of goods and supply of services.
28. Then they discovered the poor countries with their cheap labour. Whenever they could they transferred their industries to these low labour cost countries in order to reduce cost and compete with the newly industrializing countries of East Asia. If whole industries could not be moved because of protest from their labour unions they would invest in the low labour cost countries for the production of simple parts and components. This way the European and American countries could compete with Japan and Korea.
29. But then the Japanese also did the same and they were able to remain highly competitive producing the same manufactured goods that were once monopolized by the Western countries. It was clear that the Japanese were going to displace most of the American and European manufactured goods in the world market.
30. Famous brands of American and European goods disappeared from the market altogether. The British gave up manufacturing cars, cameras, radios and televisions and other modern consumer products.
36. The financial market which had started in the 60s and 70s were not very attractive at first. But gradually the potentials were recognized and developed. New products were invented which gave ever increasing returns on investments.
37. Beginning with the sale of shares in order to raise money for capital, the smart players discovered that the buying and selling of shares could yield a lot of profits. The value of the shares were initially based on the profitability of the business.
38. But it became clear that the value would appreciate if there was demand. From then on the value of the shares became decoupled from the profitability of the enterprise. Demand or lack of demand determined the value of shares irrespective of the performance of the enterprise.
39. This led to the smart ones moving the share prices up and down by buying and selling. From this a short step led to the big players developing short selling.
Read more here: http://chedet.co.cc/chedetblog/2010/01/the-currency-crisis-past-and-p.html#more
