Penduduk Bumi : Bersedialah kepada malapetaka ekonomi

People Of Earth: Prepare For Economic Disaster

The Economic Collapse
MARCH 05, 2011

It is not just the United States that is headed for an economic collapse.  The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.  

The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst.  In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly.  Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food.  But now the price of oil and the price of food are both increasing dramatically.  

So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents?  How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent?  

For decades, most of the major economies around the globe have been able to take for granted that massive amounts of cheap oil and massive amounts of cheap food will always be there.  So what happens when that paradigm changes?

At last check, the price of U.S. crude was over 104 dollars a barrel and the price of Brent crude was over 115 dollars a barrel.  Many analysts fear that if the crisis in Libya escalates or if the chaos in the Middle East spreads that we could see the all-time record of 147 dollars a barrel broken by the end of the year.  That would be absolutely disastrous for the global economy.

But it isn't just the chaos in the Middle East that is driving oil prices.  The truth is that oil prices have been moving upwards for months.  The recent revolutions in the Middle East have only accelerated the trend.

Let's just hope that the "day of rage" being called for in Saudi Arabia later this month does not turn into a full-blown revolution like we have seen in other Middle Eastern countries.  The Saudis keep a pretty tight grip on their people, but at this point anything is possible.  A true revolution in Saudi Arabia would send oil prices into unprecedented territory very quickly.

But even without all of the trouble in the Middle East the world was already heading for an oil crunch.  The global demand for oil is rising at a very vigorous pace.  For example, last year Chinese demand for oil increased by almost 1 million barrels per day.  That is absolutely staggering.  The Chinese are now buying more new cars every year than Americans are, and so Chinese demand for oil is only going to continue to increase.

Much could be done to increase the global supply of oil, but so far our politicians and the major oil company executives are sitting on their hands.  They seem to like the increasing oil prices.

So for now it looks like oil prices will continue to rise and this is going to result in much higher prices at the gas pump.

Already, ABC News is reporting that regular unleaded gasoline is going for $5.29 a gallon at one gas station in Orlando, Florida.

The U.S. economy in particular is vulnerable to rising oil prices because our entire economic system is designed around cheap gasoline.  If the price of gas goes up to 5 or 6 dollars a gallon and it stays there it is going to have a catastrophic effect on the U.S. economy.

Just remember what happened back in 2008.  The price of oil hit an all-time high of $147 a barrel and then a few months later the entire financial system had a major meltdown.

Well, as the price of oil rises it is going to create a whole lot of imbalances in the global financial system once again.

This is definitely a situation that we should all be watching.

But it is not just the price of oil that could cause a global economic disaster.

The global price of food could potentially be even more concerning.  As you read this, there are about 3 billion people around the globe that live on the equivalent of 2 dollars a day or less.  Those people cannot afford for food prices to go up much.

But global food prices are rising.  According to the United Nations, the global price of food has risen for 8 consecutive months.  Last month, the global price of food set a brand new all-time record high.  Many are starting to fear that we could actually be in the early stages of a major global food crisis.

The price of just about every major agricultural commodity has been absolutely soaring during the past year....

*The price of corn has doubled over the last six months.

*The price of wheat has more than doubled over the past year.

*The price of soybeans is up about 50% since last June.

*The price of cotton has more than doubled over the past year.

*The commodity price of orange juice has doubled since 2009.

*The price of sugar is the highest it has been in 30 years.

Unfortunately, the production of food in most countries around the world is very highly dependent on oil, so as oil goes up in price this is going to make the food crisis even worse.

Hold on to your hats folks.

Also, as I have written about previously, the world is facing some very serious problems when it comes to water.  Due to the greed of the global elite, there is not nearly enough fresh water to go around.  The following are some very disturbing facts about the global water situation....

*Worldwide demand for fresh water tripled during the last century, and is now doubling every 21 years.

*According to USAID, one-third of all humans will face severe or chronic water shortages by the year 2025.

*Of the 60 million people added to the world’s cities every year, the vast majority of them live in impoverished slums and shanty-towns with no sanitation facilities whatsoever.

*It is estimated that 75 percent of India's surface water is now contaminated by human and agricultural waste.

*Not only that, but according to a UN study on sanitation, far more people in India have access to a mobile phone than to a toilet.

*In northern China, the water table is dropping one meter per year due to overpumping.

These days, one of the trendy things to do is to call water "the oil of the 21st century", but unfortunately that is not a completely inaccurate statement.  Fresh, clean water is something that we all need, but right now world supplies are getting tight.

Our politicians and the global elite could be doing something about this if they really wanted to, but right now they seem perfectly fine with what is happening.

On top of everything else, the sovereign debt crisis is worse than it has ever been before.

All of the major global central banks have been feverishly printing money in an attempt to "paper over" this crisis, but it is not going to work.

Most Americans don't realize it, but right now the continent of Europe is a financial basket case.  Greece and Ireland would have imploded already if they had not been bailed out, and now Portugal is on the verge of collapse.  The interest rate on Portugal's 10-year notes has now been above 7% for about 3 weeks, and most analysts believe that it is only a matter of time before they are forced to accept a bailout.

Sadly, if the entire global economy experiences a slowdown because of rising oil prices, we could see half a dozen European nations default on their debts if they are not bailed out.

For now the Germans seem fine with bailing out the weak sisters that are all around them, but that isn't going to last forever.

A day or reckoning is coming for Europe, and when it arrives the reverberations are going to be felt all across the face of the earth.  The euro is on very shaky ground already, and whether or not it can survive the coming crisis is an open question.

Of course there are some very serious concerns about Asia as well.  The national debt of Japan is now well over 200% of GDP and nobody seems to have a solution for their problems.  Up to this point, Japan has been able to borrow massive amounts of money at extremely low interest rates from their own people, but that isn't going to last forever either.

As I have written about so many times before, the biggest debt problem of all is the United States.  Barack Obama is projecting that the federal budget deficit for this fiscal year will be a new all-time record 1.65 trillion dollars.  It is expected that the total U.S. national debt will surpass the 15 trillion dollar mark by the end of the fiscal year.

Shouldn't we have some sort of celebration when that happens?

15 trillion dollars is quite an achievement.

Most Americans cannot even conceive of a debt that large.  If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

But the United States is not alone.  The truth is that wherever you look, there is a sea of red ink covering the planet.

The current global financial system is entirely based on debt.  If the total amount of debt does not continually expand, the system will crash.  If somehow a way was found to keep this system going perpetually (which is impossible), the size of global debt would keep on increasing infinitely.

Now the World Economic Forum says that we need to grow the total amount of debt by another 100 trillion dollars over the next ten years to "support" the anticipated amount of "economic growth" around the world that they expect to see.

The entire global financial system is a gigantic Ponzi scheme.  It is designed to keep everyone enslaved to perpetual debt.  If at some point the debt spiral gets interrupted in some significant way, we are going to witness an economic disaster that is going to make what happened in 2008 look like a Sunday picnic.

The more research that one does on the current global economic situation, the more clear it becomes that we are absolutely doomed.

So people of earth you had better get ready.

An economic disaster is coming.

 

Sejarah Wang Kertas dan Pernipuan Terburuknya dalam Sejarah Manusia.

Hari ini kalau ada yang berazam untuk tidak mahu menggunakan wang kertas ,orang berkenaan ‘wajib’ berpindah ke dalam hutan. Begitu sekali sekeping wang kertas bergelar ‘not’ menguasai seluruh kehidupan manusia.

“ Apa itu wang kertas?” wacana tentang riba dan wang emas tidak mungkin lengkap kalau tidak menyentuh soal wang kertas kerana kedua-dua matawang ini dan riba ada hubung kaitnya dari segi sejarah.

Sejarah mencatatkan bahawa antara wang yang paling awal muncul di dunia ini adalah wang emas yang digunakan pada empayar Rom di Eropah, berkurun lama sebelum kedatangan Islam di bumi Arab. Wang emas terus digunakan oleh dunia Islam dan bahagian-bahagian dunia yang lain setelah keadatangan Nabi Muhammad s.a.w. Kerajaan Melayu Melaka pada kurun ke-14 Masehi juga menggunakan wang emas.

Namun, penggunaannya berakhir pada 1924 berikut runtuhnya kerajaan Khilafah Islamiah terakhir iaitu Khalifah Uthmaniah yang berpusat di Istanbul, Turki. Selepas itu, dunia beralih kepada wang kertas yang bersandarkan emas.

Namun, sejarah wang kertas diwarnai misteri, tipu daya dan pembelitan yang dahsyat. Warga Amerika Syarikat, G Edward Griffin dalam buku The Creature From Jekyll Island berkata bahawa titik bermulanya penipuan wang kertas adalah pada 1910. Mesyuarat misteri di pulau Jekyll pada tahun itu membawa kepada penubuhan the Federal Reserve Department (FRD) pada tahun 1913 yang keahliannya bukan di kalangan rakyat atau institusi kerajaan Amerika Syarikat. Sebaliknya dianggotai oleh syarikat milik persendirian asing. Penggunaan perkataan ‘federal’ (persekutuan) ke atas sesuatu yang berbentuk persendirian adalah pembohongan yang nyata. Kongres Amerika Syarikat pula terpaksa meluluskannya secara curi-curi.

Jabatan ini kemudiannya mentadbir segala urusan kewangan Negara Amerika Syarikat., antaranya mencetak wang kertas Dolar Amerika dan memperkenalkan Fractional Reserve Bangking (FRB) atau Fractional Reserve Requirement (FRR) yang menjadi asas perjalanan sesebuah bank. Sehingga hari ini, FRB digunakakn oleh industri perbankan di seluruh dunia termasuk Malaysia untuk mencipta wang sesuka hati dalam jumlah yang berlipat kali ganda melebihi kekayaan sebenar.

Berikutan penubuhan FRD, banyak peristiwa besar berlaku sehingga membolehkan British mengusai Bandar Jerusalem pada 1919. Penguasaan itu menandakan berakhirnya era Perang Salib yang berlangsung selama 250 tahun antara umat Islam dan Kristian. Dunia pun berubah dengan mendadak. Kemuncaknya ialah kejatuhan Kerajaan Khalifah Uthmaniah.

Peristiwa demi peristiwa terus mengejutkan dunia, antaranya Perang Dunia Pertama dan krisis ekonomi dunia besar-besaran pada 1929. Pada 1944, muncul pula perjanjian Bretton Woods yang melibatkan 44 buah Negara dunia yang bersetuju untuk menyandarkan mata wang kertas masing-masing kepada Dolar Amerika dengan jaminan bahawa USD35 bersamaan dengan satu auns emas.

Negara-negara dunia tidak lagi menyandarkan mata wang kertas kepada rizab emas masing-masing seperti sebelum ini. Setahun selepas Dolar Amerika mendapat ‘daulat’ berkenaan, International Monetory Fund (IMF) pun ditubuhkan. Pada 1948, Negara Israel mendapat pengiktirafan sebagai sebuah Negara berdaulat di tengah-tengah Negara Palestin yang sah.

Seterusnya pada 1971, kerajaan Amerika Syarikat pimpinan Ricard Nixon hampir bankrap gara-gara Perang Vietnam dan masalah deficit imbangan pembayaran yang berterusan. Tuntutan rasmi terhadap rizab emas Amerika Syarikat melambung kepada USD32 bilion sedangkan rizab emas yang ada hanya satu pertiga. Keyakinan terhadap Dolar Amerika punah. Berduyun-duyun bank pusat negara lain memeras ugut Amerika Syarikat dengan cara menebus pegangan Dolar Amerika masing-masing. Emas mengalir keluar dari Amerika Syarikat lalu dengan sendirinya meruntuhkan nilai Dolar Amerika.

Namun Amerika licik bertindak dengan memutuskan ikatan antara Dolar Amerika dan emas. Ini bermakna Amerika Syarikat memungkiri perjanjian Bretton Woods dan bertindak secara unilateral untuk menguburkan sistem piawaian emas.

Selepas 15 ogos 1971, dolar tidak lagi bersandarkan kepada emas. Sejak itu, nilai dolar ditentukan oleh kuasa permintaan dan penawaran pasaran tukaran wang asing. Kesannya, semua matawang dunia berubah menjadi matawang fiat iaitu matawang yang bernilai sifar. Ini bermakna setiap Negara bebas mencetak wang kertas tanpa perlu bersandarkan kepada apa-apa rizab. Kalau ada pun, ia dalam jumlah yang kecil seperti yang ditetapkan oleh Special Drawing Rights IMF. Bayangkan betapa liciknya permainan ini.

Pun begitu apa jua tipu daya tetap ada kelemahannya seperti mana yang disebut oleh Allah dalam al-Quran,Firmannya :

 

الَّذِينَ آمَنُوا يُقَاتِلُونَ فِي سَبِيلِ اللَّهِ وَالَّذِينَ كَفَرُوا يُقَاتِلُونَ فِي سَبِيلِ الطَّاغُوتِ

فَقَاتِلُوا أَوْلِيَاءَ الشَّيْطَانِ إِنَّ كَيْدَ الشَّيْطَانِ كَانَ ضَعِيفً

Maksudnya :

“Orang-orang yang beriman dan berperang di jalan Allah dan orang-orang yang kafir berjalan di jalan thaghut, sebab itu perangi lah kawan-kawan syaitan itu kerana tipu daya syaitan itu adalah lemah.” [surah an-Nisa’, ayat 76]

Sekarang, ‘tabir’ yang melindungi wajah sebenar wang kertas semakin terungkai. Dunia mula mengetahui apa ada di sebalik wang kertas. Wang kertas tidak mempunyai nilai intrinsik seperti mana wang sebenar (contohnya emas, perak, sebakul barangan dan lain-lain).

Nilai yang dicetak di atas wang kertas kini ditentukan oleh kerajaan yang mengeluarkannya dan kuasa pasaran (market forces). Ini bermakna nilainya bergantung kepada permintaan dan manipulasi pihak yang mengeluarkannya. Ia hanya lah ‘janji’ untuk membayar dan pihak yang mengeluarkannya tidak semesti menunaikan ‘janji’ itu. Atas inilah, sebagai contoh, pada wang kertas Ringgit Malaysia yang kita gunakan sekarang, tercetak ayat, “wang kertas ini sah diperlakukan dengan nilai….”.

Wang kertas digelar fiat kerana ia bukan berbentuk komoditi tetapi dikeluarkan oleh pihak tertentu dan dijamin nilainya oleh pihak yang mengeluarkan. Pengertian sebenar disebalik wang kertas ialah sekadar ‘sekeping kertas’ yang diterima pakai untuk semua urusan jual beli. Asas penerimaan kertas ini hanya atas dasar kepercayaan terhadapnya. Kepercayaan semata-mata! Itu sahaja! Sekiranya di suatu masa kelak, semua orang hilang kepercayaan terhadap ‘kertas ini’ lalu ia tidak lagi berguna, sekalipun jumlahnya berguni.

Sejarah membuktikan bahawa dalam peperangan mata wang sesebuah Negara dilanda krisis akan hancur lalu wang kertas dilambakkan seperti bukit di satu tempat dan dimansuhkan dengan cara membakarnya hingga hangus. Di Malaysia, sebahagian besar generasi sebelum merdeka masih lagi mengingati istilah ‘duit pisang’ atau ‘duit Jepun’ yang menyaksikan berguni duit kertas tidak mampu untuk membeli secawan beras. Ungkapan ‘duit tak laku’ bukan lah sesuatu yang asing buat orang lama yang pernah melalui pengalaman buruk itu.

Selain wang kertas, wang fiat juga merujuk kepada wang dalam bentuk angka dalam akaun, hutang-hutang yang dikeluarkan oleh bank atau institusi kewangan dan kad plastic digital. Wang ini tidak disokong oleh apa-apa aset yang nyata. Nilainya mudah dimainkan oleh speculator matawang yang berniat jahat, tamak dan tidak berperikemanusian.

Krisis ekonomi Asia pada 1997 adalah contoh yang paling dekat dengan kita. Spekulasi dan manipulasi menyebabkan berlaku susut nilai matawang atau lebih buruk, matawang itu langsung tidak bernilai. Keadaan yang dinamakan ‘money meltdown’ ini sudah pun berlaku dalam tahun-tahun kebelakangan (kejatuhan Dolar Amerika pada 1973 dan 1980). Keadaan ini pasti akan berulang. Krisis ekonomi dunia diramal menjadi lebih teruk berbanding pada tahun 1929.

Sistem ekonomi kapitalis, bank dan institusi kewangan dengan cara tidak bertanggungjawab telah mencipta wang fiat dengan banyak di pasaran sehingga menyebabkan inflasi. Wang itu dicipta melalui kepelbagaian deposit, memberi hutang dan mengenakan faedah. Setiap wang fiat yang didepositkan ke dalam bank akan mencambahkan tiga wang fiat lagi yang boleh diberikan kepada individu dan syarikat perniagaan. Ekonomi ini adalah ekonomi palsu yang tidak berasaskan kepada pengeluaran sebenar.

Sesetengah kerajaan mencetak wang sewenang-wenang tanpa bersandarkan kepada pengeluaran sebenar dalam Negara bagi kepentingan pemerintah dan pengekalan kuasa.

Apabila semakin banyak wang dicetak, nilai wang fiat akan berkurangan dan menyebabkan inflasi. Kuasa beli rakyat pula akan berkurangan. Satu wang fiat tidak memungkinkan kita membeli barangan yang sama kita beli seperti sepuluh tahun yang lalu. Ini menjadikan nilai wang kertas fiat hanya terletak pada barangan yang kita beli hari ini. Sebagai contoh, tiga puluh tahun lalu, seseorang yang bergaji RM 1000 sebulan mampu memiliki kereta import berjenama dan sebuah banglo. Hari ini, gaji sebanyak RM 20 000 sebulan belum tentu menjanjikan kereta import dan banglo. Harga barangan menjadi terlalu tinggi iaitu meningkat berkali ganda berbanding peningkatan dalam pendapatan.

Orang sekarang berkerja siang dan malam serta melakukan bermacam-macam jenis pekerjaan, tetapi masih berada di dalam keadaan kekurangan. Harta pada hakikatnya dimiliki oleh bank atau institusi kewangan. Hampir semua orang berhutang dengan bank atau institusi keewangan dan pada bila-bila masa boleh menjadi papa kedana kerana hutang itu. Malah hutang bank juga boleh diwarisi sehingga ke anak cucu.

Kadar pengangguran dan kegagalan syarikat perniagaan pula semakin meningkat dari hari ke hari. Semua ini angkara sistem kewangan fiat yang menyebabkan ekonomi berkembang secara tidak stabil serta mewujudkan jurang besar antara golongan berada dengan golongan tidak berada.

Jelas wang kertas adalah wang yang tidak adil dan tidak jujur. Apabila Amerika Syarikat meluluskan penubuhan FRD dan Amerika Syarikat mengadakan perjanjian Bretton Woods pada 1944, seluruh ummah sebenarnya sudah ditipu ‘hidup-hidup’. Inilah penipuan terbesar dalam sejarah manusia.

ASAS PERKIRAAN PAJAKAN EMAS DI AR RAHNU AGRO BANK

a) Waktu Urusniaga di Kaunter

0900pagi-1630 petang (Kaunter)

 b) Kelayakan Pinjaman

Emas 999 (24k)  Gold Bar  - 70% dari nilai marhun

Emas 916 (22k)  Dinar Emas + Barang Kemas - 65% dari nilai marhun untuk yang pertama ( 70% untuk kali ke 2 dan yang berikutnya)

 c) Harga penilaian Bank ( Ikut Harga Semasa – 05/01/2010)

Emas 999 (24k)  - RM165.80 segm

Emas 916 (22k)  - RM151.90 segm

d) Tempoh

6 bulan + 3 bulan + 2 bulan   = 11 bulan

e) Bayaran upah simpan setiap RM100.00

0.75c setiap RM100 untuk pinjaman 70%

0.70c setiap RM100 untuk pinjaman 65%

Contoh bayaran upah simpan Emas 999 (24k) berat 150gm

RM165.80 x 150gm = RM24,870.00 (nilai marhun)

Pinjaman layak 70% dari nilai marhun= RM17,409.00 ( kelayakan pinjaman bank)

Upah simpan = RM24,870 x 0.75 x 6 bulan / 100

                    = RM1,119.15 ( 6 bulan upah simpan)

                    = RM186.50 (sebulan upah simpan)

Tambahan 3bulan + 2bulan = Bayaran upah simpan sebulan adalah sama.

Contoh bayaran Upah Simpan Emas 916 (22k) berat 150gm

RM151.90 x 150gm = RM22,785.00 (nilai marhun)

Pinjaman layak 70% dari nilai marhun = RM15,950.00

Upah simpan = RM22,785 x 0.75 x 6 bulan / 100

                    = RM1,025.33 ( 6 bulan upah simpan)

                    = RM170.88 (sebulan upah simpan)

Tambahan 3bulan + 2bulan = Bayaran upah simpan sebulan adalah sama.

AZAM TAHUN 2011 (SIMPAN 1 DINAR EMAS SEBULAN)

Salam Dan Selamat Sejahtera.

1. Tahun 2011 akan tiba tidak lama lagi.Sudahkah anda mempunyai azam baru?.Jika belum,disini saya cadangkan untuk meyimpan emas 1 dinar sebulan.

2. Marilah bersama-sama tanamkan sifat suka menabung.Menabung dalam bentuk emas 1 dinar banyak kelebihannya.

3. Katakan anda dapat simpan 1 dinar emas sebulan,selepas setahun iaitu 12 bulan,anda telah ada 12 dinar emas...agak-agak berapa nilai emas 12 dinar itu?.Emas ni memberikan kenaikan 20-30% setahun.

4. Kenapa perlu menabung dalam bentuk emas fizikal?.Mudah saja,Jika anda simpan wang fiat RM600 sebulan ,selepas setahun anda cuma ada RM7200.

5. Anda kena buat kira-kira sedikit untuk dapat lebih kepuasan berkenaan perbezaan nilai,diantara menabung dalam emas dan wang fiat.

Sekian dari penulis.

SALES ORDER UNTUK TEMPAHAN DAN LOCK HARGA PEMBELIAN EMAS PUBLIC GOLD

Nine main reasons to push gold, and silver, higher and higher

Gold at $1,500 perhaps this year, and $2,000, $3,000, or even $5,000 in the years ahead - and silver outperforming gold are Jeff Nichols' conclusions in a recent speech in Thailand. Author: Lawrence Williams Posted:  Wednesday , 15 Sep 2010 LONDON -  Gold expert Jeff Nichols, in a speech last week in Bangkok, Thailand, put forward nine main reasons for gold to rise and continue to rise in the short, medium and long term before, eventually,  the bull market will end and the bears may have their day - but he sees this as a long way off yet. Nichols reiterated his predictions on the gold price which, in the short term, could even be considered conservative in the light of yesterday's breakthrough to new highs as buying pressure exceeded that of profit-takers and those whose interests may otherwise lie in keeping the gold price down.  He believes, he said, that "before long, we will see gold hit $1500 an ounce - possibly even before the end of this year . . . or during the first half of 2011." And followed with "Not only will prices move substantially higher in the months ahead - but the uptrend still has years to go . . . with gold very likely reaching $2,000 and eventually $3,000 or even $5,000 before the gold-price cycle shifts into reverse." The nine major points which bring Nichols to this conclusion are as follows: First, inflationary U.S. monetary and fiscal policies - past, present, and future - along with a recession-like economic performance - a "double dip" or worse for years to come. Second, Europe's simmering sovereign debt crisis, which has not only undermined the euro's appeal as an official reserve asset . . . but has also pushed the European Central Bank to pursue inflationary monetary policies . . . and has pushed more investors in Europe and around the world to seek the safety of gold. Third, continuing - if not growing - interest by the official sector. In particular, the central banks of a number of newly industrialized emerging nations are seeking to diversify official reserve assets into dollar alternatives. Fourth, rising long-term saving, investment, and jewelry demand for gold from China, India, and other gold-friendly nations enjoying healthy growth in business activity and household incomes - growth that is likely to continue at least several years. Fifth, rising private-sector investment demand in the older industrialized nations reflecting fear of inflation, currency depreciation, and a loss of confidence in governments to deal effectively with today's economic challenges. Sixth, the continuing maturation of what I call the "gold-investment infrastructure" - in other words, the development of new gold-investment products and channels of distribution in many important geographic markets. Seventh, the relatively small size of the world gold market compared to other capital markets - such as equities or currencies - so that even small shifts in portfolio preferences away from currencies, or equities, or real estate, for example, may have little price effect on these big markets but will have a relatively large, indeed profound, effect on gold. Eighth, the recent onset of global food and agricultural inflation. Ninth, stagnant world gold-mine production for the next five years or longer. None of these points are particularly controversial.  In-power politicians, who have a vested interest in trying to maintain confidence in their respective economies, may deny the first point, but evidence is out there that the recession will, in reality, end soon. ‘Years to come', of course is open to interpretation and maybe the conclusion implied by Nichols is over-pessimistic, but an investment sector which treats as good news figures which show unemployment still rising towards the worst levels since the Great Depression, but perhaps not rising quite as fast as it has been on what appear to be government-manipulated figures anyway, seems to be living in cloud-cuckoo land! In his speech, Nichols went on to discuss all these points in detail, to back his conclusions and all his comments are far too comprehensive to cover here, but if you'd like to read the full text it is available on www.nicholsongold.com . SILVER As well as discussing gold, Nichols went on to talk about silver which, unlike gold, has still not managed to surpass the $21 an ounce level seen in 2008 before the huge market downturns (although its getting pretty close) - and is still hugely below its $50 all-time high of 1980 when the Hunt Brothers unsuccessfully tried to corner the silver market which makes this an anomalous situation.  His main conclusion was as follows: "I suspect silver's underperformance has now run its course - and we can expect the white metal to outperform gold over the next five to ten years. For one thing, a number of new end uses for silver are likely to boost industrial demand while investment demand for silver will continue to (increase due to) many of the same forces benefitting gold."  again to read his full reasoning on his conclusions on silver see his website. Overall, a pretty bullish presentation.  Maybe over optimistic from the gold and silver investor point of view, but there are plenty of informed commentators out there who feel likewise - and quite a few detractors too.  The economic scenario painted by Nichols, and as noted above this in itself is not a very controversial view, does suggest that precious metals could be major beneficiaries of a flight from ongoing risk, and turbulence in the currency markets which seems to be even seeing central bankers turning to gold as a reserve asset again - despite a long held feeling, perhaps stemming from Keynes' often misquoted ‘barbarous relic' comment - that it should have no such place in a modern economic system.  But, as witness the present situation they still find it hard to come up with a workable alternative over the long term. Follow Lawrence Williams on Twitter - www.twitter.com/lawrie_williams  Source: http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=111268&sn=Detail&pid=102055

Gold is Money

Currency      Public Gold Gold Bar 20gm & 50gm All of today currencies are fiat currencies. Fiat currency is defines as not represent anything tangible but are only worth something due to government decree (namely legal tender laws). In the book "Principles of Economics" written by N. Gregory mention that Fiat money, such as paper dollars, is money without intrinsic value: It would be worthless if it were not used as money." "We have gold because we cannot trust Governments." -          President Herbert Hoover   On the other hand, gold are the currency which not created and controlled by governments. Gold was once the main currency in most of Europe, Asia and Americans for the past few thousand years which up to 1971. Gold which evolved independently as money in the word's main civilization due to the following reasons: 1.  Rare The amount of mined gold has increased only slowly, rarely more than 2% per year.  2. Durability Gold won't rot, break, crumble, decay, corrode or tarnish. Gold is unaffected by air, water, and even most acids. 3.  Compact If all the gold ever mined were made into a single cube. Its edge would be 20 meters. Not quite enough to cover a single tennis court. (http:goldnews.bullionvault.com/node/259/print) 4.  Divisibility Easily reshape it, flatten it, and divide it into tiny pieces.   "The modern mind dislikes gold because it blurts out unpleasant truths." -          Joseph Schumpeter (1883 - 1950)   From 1934 to 1971, government currencies were backed by gold. This defined which at any time, you able to exchange a unit of any of the world's main government currencies for a prescribed amount of gold. For an example, you could exchange 35 US dollar for one ounce of gold. But in 1971, President Richard Nixon abandoned the Bretton Woods Agreement, devalued the dollar, raised the fixed price of gold fictitiously to $37.50, and slammed shut the gold window to stop an international run on the U.S. gold reserve. This is when the fiat currency started.   Examples of other fiat currencies include: 1.   Chinese bark currency (notes printed on tree bark, as recorded by Marco Polo), 1260 - 1360. One of the earliest fiat currencies, ended in hyperinflation. 2.   Banque Royale Notes in France, the ‘Mississippi system' (designed by John Law). Issued in 1716. Collapsed worth nothing by 1720. 3.   Continental bills, printed by the US Congress during the American Revolution. Began issue in 1775, shrank to 1/40 of their original value by 1780. Hence the saying ‘not worth a Continental'. 4.   Assignats in France during the French Revolution. Issued 1790-1796, collapsed to 1/600 of their original value by 1797. 5.   Marks in Weimar Germany, after WWI. Issued from 1919 to 1924, collapsed to three trillionths of their original value. This was the currency that was carried in wheelbarrows towards the end.    Hence from an historical perspective, the only question is how quickly the US dollar loses value, not whether it will continue to lose value. Until the 1971, a US dollar was worth 1/35 of an ounce of gold. But right till today the gold is about 1/1000 of an ounce of gold (http://www.gold-eagle.com/editorials_04/evans061304.html) Another example, in Vietnam, gold plays an important role in the purchase of a home. From the moment a buyer and seller agree on a price to the day the paperwork and sale are completed takes a month or longer. During this time, the value of the Vietnamese currency may have fallen sharply, as the current rate of currency depreciation in that country is very rapid. Accordingly, the buyer will arrange financing with a bank not in terms of the Vietnamese dong, but in gold, which holds its value in terms of purchasing power. This arrangement means the buyer will still have enough to pay the agreed price when the sale is consummated (responsiblegold.org).

PUBLIC GOLD - GOVT. OF MALAYSIA & SINGAPORE APPROVAL LETTER & RECOGNITION

AUTHORITY APPROVAL LETTER BY BANK NEGARA MALAYSIA

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APPROVAL LETTER BY MONETORY AUTHORITY OF SINGAPORE

DAILY UPDATE HARGA EMAS DAN PERAK PUBLIC GOLD

Live Spot Gold & Silver Price

Carta Harian Emas

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Harga Public Gold ( 24 Jam )

(Last updated 26/12/10 3:30 PM)

	We Sell	We Buy
20 gram	RM 3155.00	RM 2966.00
50 gram	RM 7850.00	RM 7418.00
100 gram	RM 15626.00	RM 14845.00
250 gram	RM 38883.00	RM 37133.00

(Inclusive all costs, Ex Penang, Malaysia)

Daily Silver Chart

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Harga Public Silver ( 24 Jam )

(Last updated 26/12/10 3:30 PM)

	We Sell	We Buy
250 gram	RM 970.00	RM 825.00
500 gram	RM 1941.00	RM 1650.00
1 kilogram	RM 3882.00	RM 3300.00

(Inclusive all costs, Ex Penang, Malaysia)

Why Gold is the Best Inflation Hedge-Stand Strong Research

Why Gold is the Best Inflation Hedge

Written by Shaun Connell (Editor)
 
For thousands of years, the majority of the world's population has considered gold, not monetary specie, the true measure of wealth. While the demand for most precious metals principally arises secondarily to their manufacturing use and industrial application, the demand for gold arises from the desire to accumulate wealth.
 
In the last few years, governments around the world have spent tens of trillions of dollars in new "paper" money, creating massive amounts of inflation. This has led to many people - such as myself - to flock back to gold in order to protect themselves.
 
As such, in times of inflation when other indices of wealth are losing value, gold is the safest haven for wealth because the demand for gold will continue to rise. But why is gold seen as the best inflation hedge? 

There are four major reasons:

 

First 

there's a finite amount of gold, so the supply can't be manipulated, as the supply of paper money can, simply by printing more.

 

Second 

Gold is easily convertible to other currencies.

 

Third

Gold has been mined since prehistoric eras and in all that time, it has never lost all its value; indeed demand for gold continues to outpace supply in both industrialized and developing countries around the world.

 

Finally 

Historically fiat money collapses in on itself in 40 year cycles; the US's current experiment with fiat money began 39 years ago.
 
Lets examine each of these premises at greater length.

Gold Supply Cannot Be Manipulated
 
In olden times, kings did try to manipulate the supply of gold by adding lead to the smelting pots, thus creating the first instances of inflation in recorded history. The subterfuge was easily detected, however, by the simple expedient of biting down on a coin: Pure gold is so soft, it will show tooth marks while alloyed gold will not.
Demand for gold around the world is high and growing higher all the time. But gold cannot be created to meet that demand, and there is only a finite amount of it available - unlike, say, paper currencies which can be printed on an "as needed" basis with no greater assurance than a vague promise that next year or the year after that will bring more prosperous times.
Not even the government can arbitrarily increase its supply of gold - they can create paper inflation, but not golden inflation.

 

Gold Is Easily Convertible

 
In 1944, at the end of World War II, an international conference was held in at Bretton Woods, New Hampshire that transformed the international monetary system from one based on the gold standard to one based on cooperation and freely convertible currencies.
Through this auspice, gold could be converted into any number of international currencies.
Though the Bretton Woods system of international monetary exchange was effectively ended in 1971 when US President Richard Nixon canceled the convertibility of the US dollar to gold, gold remains such a highly desirable commodity that it can easily be sold abroad in exchange for local currencies.

 

Gold Has Always Been Considered Valuable

 
Throughout its long history, gold has always maintained a substantial value. Though the price of gold may fluctuate, it is important to keep in fact that the value of gold is absolute - differentials in the price of gold represent changes in the perception of the relationship between gold and the US dollar (or any other fiat currency) rather than shifts in gold's true worth.
Time after time, gold has reverted to what one might call its true purchasing power against other commodities. Because of this, gold is the most effective preserver of wealth in times of economic instability.

 

Fiat Money and the 40-Year Cycle

 
Fiat money - from the Latin for "Let it be done!" - is any currency issued by a government as legal tender. Most national currencies including the dollar, the Euro and all reserve currencies, are fiat currencies, and have been since 1971 when Nixon terminated the conversion of dollars into gold.
Many economists studying the relationship between paper money and gold have noted the existence of a cycle, approximately 40 years long, at the end of which paper money has decreased so much in real value that the economic collapse of a nation is imminent. Historically, each time this happens, there has been a run up in the price of gold.
Economists time the beginning of the current 40-year cycle with Nixon's actions in 1971 - which means that we're nearing the end of the cycle and concomitant collapse of the national economy right now.
 
Source: http://standstrongresearch.com/gold-inflation-hedge/