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Preview : Purchasing Power Of Gold And The Web of Debt

Nowadays, Malaysian is more likely to get involve in bank loan which considered as a necessity for them to have it. They tend to acquire a study loan and after they’ve graduated, entered themselves in a career world, they will definitely get a car loan,
personal loan for marriage purposes and also housing loan. From many views of Malaysian citizen, loans are mending to ease individual financial deficit. However, unfortunately, during the last quarter of Malaysian unpayable debts shows that Malaysian is having more debt than it suppose to be. The trend illustrate that, they are more willing to borrow money from banks rather than saving from their monthly income so that they can maximize their needs which means their necessities and even to obtain luxuries goods. If this trend continuously carried to the next generation of Malaysian, we might experience a country that 50% of the citizen will be blacklisted from the bank and also trying hard to pay their debt for all their life.

Furthermore, we can also take a look at the United States subprime mortgage crisis which create a major impact on their people where they are unable to pay their monthly installment and even accompanied with the prices of real estate that remain constant which cause their citizen to face a huge credit crisis and self force to live on the street at their own land. Moreover, Malaysian need to take into consideration on other alternative of saving instead of continue to borrow in order to survive where they can shift their saving strategies to precious metal in Malaysian as many banks have already long started to help Malaysian realize that they can save their money in other ways instead of depending on bank loans in order for them to maximize their needs and wants. Further more, our government should invest more on precious metal industries starting with mining, refinery and even minting as the price of precious metal such as gold are keep bullish in the international market since money is no longer back by gold in 1971. So if we want to achieve the status of high income and develop country before 2020 we should follow China that advising their people to save in gold as the metal is hedge against inflation and hedge against failing currencies. If we can advise people here to start save in gold from now, we can lead Malaysian stop keep on making credit and generate the GDP from public spending and saving or from premium earn from investing in gold.

The issues that we can point out are that, try to spend based on what you earn or save and stop depending on loans because at some point people will face difficulty to paying their installment and trap in " The Web of Debt ".

Objective:

The objective of this research is to show the disadvantage of bank loans in the long run that people always tend to miss out which starts from studies loan, personal loan, car loan and housing loan. Apart from the negative side of bank loan, it also explains and examines the effectiveness of saving in gold to maximize ones wealth rather than believe by obtaining bank loan will ease ones personal deficit and by showing people that buying necessities and luxuries using monthly saving has less risk compared to signing for loans.




By : ADAM SHARIF 

Will Gold Reach USD5000 Per Ounce?

The sound of precious metal breaking new record can be heard any where now. All kind of mass media talking about the important of Gold as inflation free medium to put your wealth in. Not to forget about the rise of silver in 2010. On May 15 we already mention about the potential of gold to reach USD1300 per ounce in 2010 and today nearly at the end of the year 2010 the price of gold has reach USD1389 (Wednesday, Dec 22). To read the article (click here).

Will gold reach USD5000 per ounce within this two years? Now this all depends on how much the supply of FIAT around the world ; ) and a few days back there's an article talking about the potential of gold reaching USD 5000 per ounce. And the article below is the summary of the article from wealthdaily.com ,Friday, December 17th, 2010

Investors have been shuffling currencies around faster than a game of three-card Monte as the true value of world's paper money is being exposed. But in the end, the only real winners would have walked away from the table long ago, their pockets stuffed with the only currency that really matters: gold

GOLD AS MEDIUM OF SAVING

The consequences of decades of abuse to the system of credit in the United States are coming to a head. And the gray clouds that loom over the skies of the dollar are growing bolder by the day and darker by the minute.
The cold hard fact is I expect the U.S. dollar to ultimately collapse within 24 short months. This failure will likely push gold prices to over $5,000 an ounce. Meaning that, even at $1,400 an ounce, gold is still dirt cheap. Every investor should own gold right now as the ultimate store of wealth that will protect hard work and savings. As the world begins to learn the true nature of the world's funny money, masses of new buyers will come flooding into the gold market. And this surging demand will be the catalyst that launches the price of gold into the stratosphere. It's pretty simple... Most investors are unaware, but the gold market is incredibly small. There have only been about 175,000 tonnes of gold ever mined. That means there is only 0.9 of an ounce of gold for every person on the planet. That's why they call it precious! Simply owning a single ounce of gold puts you in a much higher global economic class. When the oceans of fiat money suddenly try to take a part in the gold market, the law of supply and demand will fundamentally force prices much higher.

But don't put all your eggs in the gold basket

While the price of gold will soar and get most of the attention, it's silver that typically outperforms gold, dollar for dollar invested. In certain instances when gold prices have doubled, the price of silver has outperformed gold by a factor of more than six-to-one!

The only problem with silver is that it's not as portable as gold. You can hold $50,000 worth of gold with your two hands cupped in front of you. You could put that gold into your coat pockets and walk down the street without anybody knowing what you are carrying... On the other hand, $50,000 worth of silver would take a hand truck to move. Investors should also consider owning silver for the potential use to buy day-to-day items such as bread and prescriptions drugs, preparing for the time the government declares a “bank holiday” as the crisis in the banking sector exacerbates. During a bank holiday, checks and credit cards will no longer be accepted as payment for goods and services. For this reason, I also recommend keeping some cash on hand at all times. I'm not recommending stuffing the mattresses; but it's probably smart to keep a few thousand dollars in 1s, 5s, 10s and 20s around the house. U.S. Silver Eagles would also be very useful in such an event, as they are considered legal tender in the United States and could be used to purchase groceries.

Why lose sleep?


Ownership of gold and silver will become one of the hottest investments on the planet.
The early adopters — those who wisely purchased their positions before the masses come — will sleep well at night while others fret as they watch the purchasing power of their savings evaporate like water in the Sahara.




This article was wrote by :

Greg McCoach
Editor, Wealth Daily
Investment Director, Mining Speculator and Insider Alert

How can we save in silver coins and bar.

Historical Chart on Silver in 2010

Bagaimana silver atau perak boleh naik dalam tempoh satu tahun


World Silver
Investment Demand 

• Investment demand for silver has skyrocketed 522% since 2007.
• World governments are hoarding silver; official sales have plummeted 83% in the past three years.
• Above-ground silver supplies dropped 86% last year.
• Industrial demand for silver has increased over the past decade, despite a 236% increase in prices