Based on the Gold price statistic since the year 2000, I think gold will be one of the best investment for the year 2010. If you have excess money in your bank saving or fixed deposit or if your intend to diversify your investment portfolio gold will be a good option. But, plan your investment well do not put all your eggs in one basket!
Even for gold try to invest in both physical gold bars and also paper gold. For Gold bars if you have contacts or friends who are doing gold business try to get gold bars at a wholesale price, you can get 5-10 RM (2-3 USD)/gram below market price. If your buy it from Jewelry shops the price is around 5 to 10 RM higher then wholesale price. In Malaysia, you can get god bargain at jewelry shops in Masjid India.
As for paper gold purchase my recommendation is Public Bank's Gold Investment Account. Gold Investment Account is an account which allows individual customers to purchase the purest available gold commodity in 99.9% fineness at daily prices for 1 gram in Ringgit Malaysia (RM).
A passbook will be provided to the account holders and every purchase/sale order will be recorded in the passbook. Anyhow, you need to make 20grams minimum purchase to open a new account. Just to caution you, the buying back price will always be lower then the selling price or the market price. It is usually around 4 to 5 ringgit lower. Please ask for buying and selling price before you open an account.
Example; If you buy at RM126 per gram, your selling back price will be around RM122 per gram. So you need to wait until your selling back price move above RM26 to make profit.
For further details visit http://www.pbebank.com/en/en_content/personal/investments/gold.html
If your want a better bargain and intend to hold physical gold bars please contact me at jayaarram@gmail.com for further information and tips on where to buy and sell.
Below is the Gold price recaps for your reference.
Source: Prediction by Robert Kiyosaki http://finance.yahoo.com/print/expert/article/richricher/211091
YEAR GOLD
2000 $ 273
2001 $ 279
2002 $ 348
2003 $ 416
2004 $ 438
2005 $ 518
2006 $ 638
2007 $ 838
2008 $ 882
2009 $1100 (approx)
By the end of 2010, I predict gold will be at $1,775 an ounce. If Israel attacks Iran, these predictions will be blown away.
Which means the price of gold will hit RM200 per gram up by around 60% from the current price which is around RM125 per gram. Lets say you invest in 100gram which will be RM12,500 your return will be around RM7,500 (RM20,000 -RM12,500). Of course all this are just a prediction and there is no guarantee but, even if the price didn't increase you still can keep the gold bar until the price increases.
Friday, May 14, 2010
Saturday, February 20, 2010
Blog Ranking Tips (Link Back)
On of the simple method to increase your blog rankings and you traffic is to link you blog to a popular website or blogs.
Today I found a very kind blogger who give free back links. I have just linked is blog here. Link Back Link!
Other free back link directoryBacklinks
Please visit his blog and linked it to your blog.
You can link my blog too if your want to and once you have link my blog just email me or write comment in my blog and I will link back to you. Lets improve our rankings!
Today I found a very kind blogger who give free back links. I have just linked is blog here. Link Back Link!
Other free back link directoryBacklinks
Please visit his blog and linked it to your blog.
You can link my blog too if your want to and once you have link my blog just email me or write comment in my blog and I will link back to you. Lets improve our rankings!
Monday, January 11, 2010
Gold might be your Best Investment for 2010!
Based on the Gold price statistic since the year 2000, I think gold will be one of the best investment for the year 2010. If you have excess money in your bank saving or fixed deposit or if your intend to diversify your investment portfolio gold will be a good option. But, plan your investment well do not put all your eggs in one basket!
Even for gold try to invest in both physical gold bars and also paper gold. For Gold bars if you have contacts or friends who are doing gold business try to get gold bars at a wholesale price, you can get 5-10 RM (2-3 USD)/gram below market price. If your buy it from Jewelry shops the price is around 5 to 10 RM higher then wholesale price. In Malaysia, you can get god bargain at jewelry shops in Masjid India.
As for paper gold purchase my recommendation is Public Bank's Gold Investment Account. Gold Investment Account is an account which allows individual customers to purchase the purest available gold commodity in 99.9% fineness at daily prices for 1 gram in Ringgit Malaysia (RM).
A passbook will be provided to the account holders and every purchase/sale order will be recorded in the passbook. Anyhow, you need to make 20grams minimum purchase to open a new account. Just to caution you, the buying back price will always be lower then the selling price or the market price. It is usually around 4 to 5 ringgit lower. Please ask for buying and selling price before you open an account.
Example; If you buy at RM126 per gram, your selling back price will be around RM122 per gram. So you need to wait until your selling back price move above RM26 to make profit.
For further details visit http://www.pbebank.com/en/en_content/personal/investments/gold.html
If your want a better bargain and intend to hold physical gold bars please contact me at jayaarram@gmail.com for further information and tips on where to buy and sell.
Below is the Gold price recaps for your reference.
Source: Prediction by Robert Kiyosaki http://finance.yahoo.com/print/expert/article/richricher/211091
YEAR GOLD
2000 $ 273
2001 $ 279
2002 $ 348
2003 $ 416
2004 $ 438
2005 $ 518
2006 $ 638
2007 $ 838
2008 $ 882
2009 $1100 (approx)
By the end of 2010, I predict gold will be at $1,775 an ounce. If Israel attacks Iran, these predictions will be blown away.
Which means the price of gold will hit RM200 per gram up by around 60% from the current price which is around RM125 per gram. Lets say you invest in 100gram which will be RM12,500 your return will be around RM7,500 (RM20,000 -RM12,500). Of course all this are just a prediction and there is no guarantee but, even if the price didn't increase you still can keep the gold bar until the price increases.
Even for gold try to invest in both physical gold bars and also paper gold. For Gold bars if you have contacts or friends who are doing gold business try to get gold bars at a wholesale price, you can get 5-10 RM (2-3 USD)/gram below market price. If your buy it from Jewelry shops the price is around 5 to 10 RM higher then wholesale price. In Malaysia, you can get god bargain at jewelry shops in Masjid India.
As for paper gold purchase my recommendation is Public Bank's Gold Investment Account. Gold Investment Account is an account which allows individual customers to purchase the purest available gold commodity in 99.9% fineness at daily prices for 1 gram in Ringgit Malaysia (RM).
A passbook will be provided to the account holders and every purchase/sale order will be recorded in the passbook. Anyhow, you need to make 20grams minimum purchase to open a new account. Just to caution you, the buying back price will always be lower then the selling price or the market price. It is usually around 4 to 5 ringgit lower. Please ask for buying and selling price before you open an account.
Example; If you buy at RM126 per gram, your selling back price will be around RM122 per gram. So you need to wait until your selling back price move above RM26 to make profit.
For further details visit http://www.pbebank.com/en/en_content/personal/investments/gold.html
If your want a better bargain and intend to hold physical gold bars please contact me at jayaarram@gmail.com for further information and tips on where to buy and sell.
Below is the Gold price recaps for your reference.
Source: Prediction by Robert Kiyosaki http://finance.yahoo.com/print/expert/article/richricher/211091
YEAR GOLD
2000 $ 273
2001 $ 279
2002 $ 348
2003 $ 416
2004 $ 438
2005 $ 518
2006 $ 638
2007 $ 838
2008 $ 882
2009 $1100 (approx)
By the end of 2010, I predict gold will be at $1,775 an ounce. If Israel attacks Iran, these predictions will be blown away.
Which means the price of gold will hit RM200 per gram up by around 60% from the current price which is around RM125 per gram. Lets say you invest in 100gram which will be RM12,500 your return will be around RM7,500 (RM20,000 -RM12,500). Of course all this are just a prediction and there is no guarantee but, even if the price didn't increase you still can keep the gold bar until the price increases.
Saturday, November 21, 2009
Conspiracy of the Rich
The Dollar is Toast. Are You Prepared and Protected?
All over the world, people and governments are quietly exchanging their dollars for gold and silver. In his latest Conspiracy of the Rich Bulletin, Robert Kiyosaki discusses the implications of the dollars seeming demise – and what you can do to prepare and protect you family and your money. Don’t be the last to know the dollar is toast.
If the world’s central banks stop buying our bonds and dollars, the U.S. will have to raise interest rates, which will crush the stock market. If higher interest rates do not work, then the U.S. will have to print even more money, possibly leading to a hyperinflationary state, once again stealing from those that work for and save money. As you know from COR, the rich know how to print their own money like the Fed – it’s the middle-class that is most affected by the financial crisis.
– Excerpt from Robert’s Conspiracy of the Rich Bulletin
The New York Times® Bestseller
Conspiracy of the Rich: The 8 New Rules of Money
- Now in Stores!
Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money
Conspiracy of the Rich, The New York Times Bestseller. If you haven’t purchased your copy, now is the time to read the book that is capturing the nation’s attention.
Over 1.2 million people visited the Conspiracy of the Rich website, making it an Internet sensation. Now you can read the print version of the book with exclusive and expanded content not found online!
A new Author’s Note and Afterword by Robert
Integrated feedback hand-selected from over 10,000 comments
A bonus Q&A chapter where Robert answers your questions
Secure your copy of Conspiracy of the Rich today, and be a part of publishing history. Order now!
All over the world, people and governments are quietly exchanging their dollars for gold and silver. In his latest Conspiracy of the Rich Bulletin, Robert Kiyosaki discusses the implications of the dollars seeming demise – and what you can do to prepare and protect you family and your money. Don’t be the last to know the dollar is toast.
If the world’s central banks stop buying our bonds and dollars, the U.S. will have to raise interest rates, which will crush the stock market. If higher interest rates do not work, then the U.S. will have to print even more money, possibly leading to a hyperinflationary state, once again stealing from those that work for and save money. As you know from COR, the rich know how to print their own money like the Fed – it’s the middle-class that is most affected by the financial crisis.
– Excerpt from Robert’s Conspiracy of the Rich Bulletin
The New York Times® Bestseller
Conspiracy of the Rich: The 8 New Rules of Money
- Now in Stores!
Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money
Conspiracy of the Rich, The New York Times Bestseller. If you haven’t purchased your copy, now is the time to read the book that is capturing the nation’s attention.
Over 1.2 million people visited the Conspiracy of the Rich website, making it an Internet sensation. Now you can read the print version of the book with exclusive and expanded content not found online!
A new Author’s Note and Afterword by Robert
Integrated feedback hand-selected from over 10,000 comments
A bonus Q&A chapter where Robert answers your questions
Secure your copy of Conspiracy of the Rich today, and be a part of publishing history. Order now!
In India, you're in gold's own country
In India, you're in gold's own country
Nimish Shukla, TOI Crest 21 November 2009, 05:43am IST
Source URL
http://timesofindia.indiatimes.com/biz/india-business/In-India-youre-in-golds-own-country-/articleshow/5254421.cms
The legend goes that when Venkateswara, the incarnation of Lord Vishnu, wanted to marry
princess Padmavati, the king asked him to gather wealth comparable to his khazana. Venkateswara, born in a poor family, then sought a loan of gold from Kuber, the god of wealth.
Since then, down the ages, devotees have donated gold and jewellery - a symbolic gesture to help Venkateswara win the hand of the princess. At the heart of this practice is the temple at Tirupati, known to be the world's richest. The glitter of gold has attracted Indians for centuries for a variety of reasons - ranging from a medium of transaction to protecting wealth, securing the future and as jewellery. In the recent past, the volatility of the stock markets has only added to the luster of the yellow metal. The fact that gold has traditionally been considered a hedge against inflation and a depreciating dollar too has fuelled its demand.
It is estimated that about 15,000 tonnes of gold is privately held in India, more than twenty-five times as large as the official hoard of 558 tonnes after the RBI's recent purchase of 200 tonnes from the International Monetary Fund (IMF).
In one year, gold has appreciated by 53 per cent, from $742 to $1,134 an ounce in international markets. Considering this jump, the value of the country's privately held gold reserve, the highest in the world, has jumped from $357 bn to $547 bn, posting a rise of $190 bn (Rs 7.64 lakh crore). "Over a period of ten years, privately held gold reserves have increased significantly in the country as consumers have bought more gold to preserve their wealth," says Dharmesh Sodha, director, World Gold Council- India.
Sodha estimates that the reserve has gone from 10,000 to 15,000 tonnes in the last decade, going by the average net import of 500 tonnes annually. Southern states like Kerala and Tamil Nadu have the highest per capita gold holding, he added.
Gold is valued in India as a savings and investment vehicle and is the second most prefered investment behind bank deposits. PP Jose, Joy Alukkas Traders India, a Kochi-based jewellery firm, says Kerala accounts for at least 15-20 per cent of the gold business in the country. "Traditionally, people here buy gold at weddings to secure the future of their son or daughter," says Jose. The wealth taken by the bride to her new home also gives her a sense of economic empowerment, he feels.
"As gold offers safety and better liquidity, people prefer to park their savings in the yellow metal," said GR Ananthapadmanaban of GRT Thanga Maligai, a Chennai-based jewellery firm.
Gold purchases in Kerala and Tamil Nadu are almost exclusively meant for weddings, but among the relatively more market savvy Gujaratis, Marwaris and other business communities, gold buying is also driven by the metal's attractiveness as an investment. "I have been buying gold since the last thirty years, but my allocation for gold has increased in the last two years. Earlier, I used to buy 500 grams of gold a year and now I buy about double that amount," says Manoj Soni, a leading bullion investor in Ahmedabad.
Religiosity too seems to make common cause with the most universally recognized symbol of material wealth. Parimal Nathwani, a trustee of the Dwarka and Nathdwara temple trusts, says, "Most temple trusts get a lot of gold as offerings. People believe that God also likes new things."
Whether it's for security, returns or other purposes, what's clear is that India's hunger for gold remains insatiable.
Nimish Shukla, TOI Crest 21 November 2009, 05:43am IST
Source URL
http://timesofindia.indiatimes.com/biz/india-business/In-India-youre-in-golds-own-country-/articleshow/5254421.cms
The legend goes that when Venkateswara, the incarnation of Lord Vishnu, wanted to marry
princess Padmavati, the king asked him to gather wealth comparable to his khazana. Venkateswara, born in a poor family, then sought a loan of gold from Kuber, the god of wealth.
Since then, down the ages, devotees have donated gold and jewellery - a symbolic gesture to help Venkateswara win the hand of the princess. At the heart of this practice is the temple at Tirupati, known to be the world's richest. The glitter of gold has attracted Indians for centuries for a variety of reasons - ranging from a medium of transaction to protecting wealth, securing the future and as jewellery. In the recent past, the volatility of the stock markets has only added to the luster of the yellow metal. The fact that gold has traditionally been considered a hedge against inflation and a depreciating dollar too has fuelled its demand.
It is estimated that about 15,000 tonnes of gold is privately held in India, more than twenty-five times as large as the official hoard of 558 tonnes after the RBI's recent purchase of 200 tonnes from the International Monetary Fund (IMF).
In one year, gold has appreciated by 53 per cent, from $742 to $1,134 an ounce in international markets. Considering this jump, the value of the country's privately held gold reserve, the highest in the world, has jumped from $357 bn to $547 bn, posting a rise of $190 bn (Rs 7.64 lakh crore). "Over a period of ten years, privately held gold reserves have increased significantly in the country as consumers have bought more gold to preserve their wealth," says Dharmesh Sodha, director, World Gold Council- India.
Sodha estimates that the reserve has gone from 10,000 to 15,000 tonnes in the last decade, going by the average net import of 500 tonnes annually. Southern states like Kerala and Tamil Nadu have the highest per capita gold holding, he added.
Gold is valued in India as a savings and investment vehicle and is the second most prefered investment behind bank deposits. PP Jose, Joy Alukkas Traders India, a Kochi-based jewellery firm, says Kerala accounts for at least 15-20 per cent of the gold business in the country. "Traditionally, people here buy gold at weddings to secure the future of their son or daughter," says Jose. The wealth taken by the bride to her new home also gives her a sense of economic empowerment, he feels.
"As gold offers safety and better liquidity, people prefer to park their savings in the yellow metal," said GR Ananthapadmanaban of GRT Thanga Maligai, a Chennai-based jewellery firm.
Gold purchases in Kerala and Tamil Nadu are almost exclusively meant for weddings, but among the relatively more market savvy Gujaratis, Marwaris and other business communities, gold buying is also driven by the metal's attractiveness as an investment. "I have been buying gold since the last thirty years, but my allocation for gold has increased in the last two years. Earlier, I used to buy 500 grams of gold a year and now I buy about double that amount," says Manoj Soni, a leading bullion investor in Ahmedabad.
Religiosity too seems to make common cause with the most universally recognized symbol of material wealth. Parimal Nathwani, a trustee of the Dwarka and Nathdwara temple trusts, says, "Most temple trusts get a lot of gold as offerings. People believe that God also likes new things."
Whether it's for security, returns or other purposes, what's clear is that India's hunger for gold remains insatiable.
Thursday, November 19, 2009
Wednesday, November 18, 2009
If the World is Dumping Dollars, Why Are You Saving Them?
If the World is Dumping Dollars, Why Are You Saving Them?
In his latest Conspiracy of the Rich Bulletin, Robert Kiyosaki gives some frightening insight into how the world’s central banks are preparing for the collapse of the dollar – and how you can too. Don’t get caught in the coming financial storm! Find out how to find your financial high ground.
On November 3, the International Monetary Fund sold India 2,000 tons of gold for $6.7 billion. What is interesting is that India purchased the gold at the highest price in history. In other words, they do not care what the price of gold is. They simply do not want counterfeit money. This purchase makes India’s Central Bank, the 9th largest holder of gold.
– Excerpt from Robert’s Conspiracy of the Rich Bulletin
Learn how to protect yourself from the dollar’s demise today.
Read Robert's latest post here: http://conspiracyoftherich.com/
In his latest Conspiracy of the Rich Bulletin, Robert Kiyosaki gives some frightening insight into how the world’s central banks are preparing for the collapse of the dollar – and how you can too. Don’t get caught in the coming financial storm! Find out how to find your financial high ground.
On November 3, the International Monetary Fund sold India 2,000 tons of gold for $6.7 billion. What is interesting is that India purchased the gold at the highest price in history. In other words, they do not care what the price of gold is. They simply do not want counterfeit money. This purchase makes India’s Central Bank, the 9th largest holder of gold.
– Excerpt from Robert’s Conspiracy of the Rich Bulletin
Learn how to protect yourself from the dollar’s demise today.
Read Robert's latest post here: http://conspiracyoftherich.com/
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