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Precious Metals - Gold, Silver etc.

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Post time 4-5-2012 09:00 AM | Show all posts
http://www.theglobeandmail.com/g ... ent/article2418383/

Rob Carrick
Ready to be bold? Sell the house and rent

Published Monday, Apr. 30, 2012 5:36PM EDT

Our bubbly housing market raises questions not only about the wisdom of buying right now, but also about selling.

What if you bought a home many years ago and had the opportunity to lock in a great profit while the market is still buoyant? A Vancouver woman and her husband answered this question recently by selling the family home and signing a one-year lease on a rental.

“We bailed,” said the woman, who asked to be anonymous in this column. We’ll just call her Ms. Bold. She and her husband have been having annual talks about whether to sell since 2008, when the housing market briefly plunged. This year, they agreed it’s time.

“When you look at all the statistics, it just doesn’t make sense,” Ms. Bold said of the Vancouver market. “Who’s kidding who? The cost of living here is so outrageously expensive and incomes are not keeping pace.”

The average price of a home was up about 6.9 per cent a year over the past decade on a national basis, and there are cities like Vancouver and Toronto where gains have been even better. The average price in the greater Vancouver area was $775,693 in the first quarter of the year – a decade ago the average was in the $300,000 range.

After a long rally in housing prices, concern about a correction of some sort is growing. For a majority of people, the idea of selling now to preserve their gain in the housing market will seem crazy. They like their homes, they like the homeowner’s lifestyle and they abhor renting. Let the housing market rise and fall – they plan to own for the duration.

Still, there’s a case to be made for getting your money out of a house now if you’ve done very well over the years. That’s what Ms. Bold and her spouse have been thinking. They’re in their mid-40s, she a professional coach and her husband an entrepreneur. They have two kids, aged 12 and 7. They bought a $275,000 home in 2003 and sold three years later for $375,000. Purchased for $445,000, their most recent North Vancouver home sold in March for over $1-million after attracting three bids from interested buyers. Time on the market: Less than a week.

“Let me put this in perspective – this is a 100-year-old home, 2,400 square feet on a 50-foot lot,” Ms. Bold said of her just-sold home. “We do not even have a bathroom upstairs with our bedroom.”

More than a million for a non-monster home? “That’s nothing,” she said. “This same home on the west side of Vancouver would sell at $1.5-million.”

Then again, the Vancouver housing market looked a little shaky in March. While average prices moved higher, sales fell sharply. Ms. Bold’s sense is that some parts of the city are holding up, but her confidence level in the market is near zero right now.

At first, she and her husband thought about selling in the traditionally strong spring market, and then buying another home during the traditional summer slowdown. Now, they see no rush to buy back in. Instead, they will rent a four-bedroom house for a one-year period in which they’ll look at their options.

One option is to continue renting in Canada, at least for a few years, and buy a house in the United States. Annihilated in a slump that began five years ago, U.S. housing might in fact offer some opportunities for bargain hunters. Back in February, uber-investor Warren Buffett said he would buy “a couple hundred thousand” single family homes if he could find a practical way to do it.

For now, Ms. Bold and her husband are content to enjoy their debt-free status and the extra cash flow that comes from renting. In fact, their monthly rental costs are only a little less than their mortgage payments, which were set at a high level to speed up the repayment process. But they estimate they’ll save thousands by not paying property taxes and home maintenance costs.

It’s not an easy emotional transition to go from owning a home to renting, but there are compensations.

“The part I’m struggling with is the idea of living in a house that doesn’t look and feel the way I want it to,” Ms. Bold said. “My husband just keeps saying, wait until you see our bank account balance. We’re going to be debt-free with a big wad of cash.”

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Post time 4-5-2012 09:42 AM | Show all posts
Spend...spend...spend...
Berbelanja le segala 'subsidi' yg ada.
Sblm kerajaan menarik sdkt² subsidi yg diberi.
Utamakn kualiti, tingkatkn kuantiti.
Jauhi 'glamour' krn jenama, elak jd penspeculate.
Dahulukn 'keperluan', cuba tolak 'kehendak'.

Precious metal x mengenyangkn,
dan tdk lg diguna sbg mata wang.
Bila trade nya di jln secara fiat,
harganya xkn turun, trendnya mencanak.
Ia hanya diguna utk speculate fiat.
Krn yg monopoli pasarannya tu, para pencetak fiat.
Tiada komoditi lain yg dpt membeli gold/silver, hanya fiat shj.
Kadar turun-naik harganya umpama
setiap peluru yg menusuk umat manusia.

Berhutang, utk jd hamba.
Bank sbg pencemetinya.
Berfikir sblm memutuskn,
spy x tersangkut di tgh jln.

Pilih dgn bijaksana,
pelaburan tanah utk keperluan asasi manusia.
Tempat tinggal yg bkn acuan developer,
sekadar teduhan keluarga dan hidup selesa.

Mewah tu satu penyakit,
nafsu tu boleh berjangkit.
kurangkn membakar wang anda,
kerana pengangkutan tu cuma kemudahan yg ada.
Pilih lokasi yg sesuai bg mengurangkn kosnya.

Timbangkn pendapatan dan perbelanjaan kita...

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Post time 4-5-2012 09:57 AM | Show all posts
http://kingworldnews.com/kingwor ... old_is_Massive.html

May 3, 2012

Greyerz - Swiss Refiners Say “Demand for Gold is Massive”

Today Egon von Greyerz told King World News that Swiss refiners are “working round the clock because demand for gold is so massive.”  Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland.  Von Greyerz also said the financial world is headed into trouble that will be much worse than 2008.  But first, here is what Greyerz had to say about Swiss refiners:  “The gold market may appear quiet right now, but underneath the quiet there is a great deal of action in the physical market.  Swiss refiners are telling me they are working ‘round the clock’ because demand for gold is so massive.”

Egon von Greyerz continues:  

"At the same time, we are reading that a number of central banks are buying gold.  So the nonsense coming from the mainstream media that people are not interested in gold is completely false.  We are seeing massive accumulation of physical gold.  This decline today is clearly only in the paper market.

Once people wake up to the fact that the paper market is not even a real market, meaning it’s a false market that can never deliver the real goods, once investors realize this, that is when people will really panic....

“The paper market will then be either non-existent or we will see a massive premium between physical and paper.  I think those days are not far away.

I don’t think people are focusing enough on the long-term consequences.  The masses are just living day-to-day and hoping the current problems will go away, but they won’t.  The same people who did not see the problem in 2007/2008 are now saying, ‘It’s over.’  Nothing is over.   

We are actually going to go into a situation that is much worse than in 2008.  Once again, people are in total denial, and that includes governments and central bankers.  The first consequence of the enormous deficits and massive credit bubbles is going to be hyperinflation.

The hyperinflation will come as a result of governments printing unlimited amounts of money.  During this hyperinflationary depression, people will see currencies falling in value against real money, gold.  In a hyperfinflation, nobody benefits from the money creation except the ones standing nearest to the printing press.

So governments will help themselves and banks will get some benefit, but by the time the money gets to the people it will be worthless.  Pensions will be wiped out as well.  When Germany went through the Weimar hyperinflation, at that time people were more self-sufficient.  Today, many people are dependent on governments.

This is why we will have more social unrest and anarchy.  I don’t think governments will be able to control it because people will be poor, hungry, and homeless in many cases.  The consequences of all of this reckless behavior is going to be very serious for all of us.

This is the first time in history that we will see hyperinflation occurring simultaneously in many countries.  Previously, this type of event has been isolated to one country at any one time.  Gold will be an extremely important means of survival and payment during this hyperinflationary period.”

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Post time 4-5-2012 03:04 PM | Show all posts
Post Last Edit by pengecatbintang at 4-5-2012 16:13

bagi aku...

cara nak survive long term....

kita perlu idup 1 atau 2 stage di bawah kemampuan sebenar kita...

cthnya... kita mampu beli tunai Honda Civic... tp kita beli Proton BLM jer....

bila kita idup dibawah kemampuan sebenar kita... kita akan ada cash flow n debt free...

so... komitmen bulanan xder n maintenance cost kurang...

cuma operating cost jer...

nak kurangkan operating cost... idup sesimple mungkin...

bila kita dalam MODE di atas....

at any time sekali sekala kita bole nikmati idup pada kemampuan sebenar kita atau sedikit atas dari kemampuan sebenar kita... tanpa jejaskan financial kita....

cthnya... bila2 kita rasa nak makan or menginap kat hotel 5 star... kita bole lakukan dgn petik jari sahaja...

or bila terasa nak pi melancong ke Switzerland... bole pi bila2 kita suka tanpa fikirkan kekangan kewangan...

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Post time 4-5-2012 04:10 PM | Show all posts
collapse of financial system worldwide tidak akan berlaku dalam bulan April, Mei, & probably juga bukan dlm bulan Jun 2012...

collapse ni tidak akan dimulakan (berpunca) oleh 1. stock market, 2. kenaikan harga crude oil or 3. defaultnya negara2 PIIGS....

ianya akan berpunca bila derative market start cracking...

bila derivative market collapse... euro akan collapse... diikuti 2 ke 4 minggu kmdian USDollar...

pengecatbintang Post at 4-4-2012 18:13


http://jessescrossroadscafe.blogspot.ca/2012/05/etfs-may-be-next-trigger-event.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%EF%BF%BD+Am%EF%BF%BDricain%29&utm_content=Google+Reader


03 May 2012

ETFs and Derivatives Will Be the Next Trigger Event for a Major Financial Crisis

klik kat link di atas utk details
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Post time 4-5-2012 07:29 PM | Show all posts
Pencerahan yang bagus dan informatif.

Cash flow mmg penting. In case em'cy kita mmg perlukan cash. Life style mmg boleh adjust, it just a matter of our acceptance. Terima kehidupan itu seadanya, prepare for the worst.

Get out of debt, make more money, and save them in physical. It always easy to liquid them when the need of fiat arise.

Not being a slave (free of debt), is more blissful than have all the big boy toys I could have.

Pendapat 2 kupang.

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Post time 13-5-2012 01:06 AM | Show all posts
collapse of financial system worldwide tidak akan berlaku dalam bulan April, Mei, & probably juga bukan dlm bulan Jun 2012...

collapse ni tidak akan dimulakan (berpunca) oleh 1. stock market, 2. kenaikan harga crude oil or 3. defaultnya negara2 PIIGS....

ianya akan berpunca bila derative market start cracking...

bila derivative market collapse... euro akan collapse... diikuti 2 ke 4 minggu kmdian USDollar...

pengecatbintang Post at 4-4-2012 18:13


aku postkan ayat2 yg penting jer.... korang klik ler link kat bawah utk detail

http://www.prisonplanet.com/the-2-billion-dollar-loss-by-jp-morgan-is-just-a-preview-of-the-coming-collapse-of-the-derivatives-market.html
The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market

Michael Synder
May 12, 2012

When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned.  But the truth is that this is just the beginning.  This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market.  

Their Chief Investment Office made a series of trades which turned out horribly, and it resulted in a loss of over 2 billion dollars over the past 40 days.  But 2 billion dollars is small potatoes compared to the vast size of the global derivatives market.  It has been estimated that the the notional value of all the derivatives in the world is somewhere between 600 trillion dollars and 1.5 quadrillion dollars. Nobody really knows the real amount, but when this derivatives bubble finally bursts there is not going to be nearly enough money on the entire planet to fix things.

So if this kind of stuff is happening at JP Morgan, then what in the world is going on at some of these other places?
That is a really good question.
For those interested in the technical details of the 2 billion dollar loss, an article posted on CNBC described exactly how this loss happened….

The first reason is that the gambling instruments the banks now use are mind-bogglingly complicated. Warren Buffett once described derivatives as “weapons of mass destruction.” And those weapons have gotten a lot more complex in the past few years.

Sadly, most Americans do not even know what derivatives are.

Most Americans have no idea that we are rapidly approaching a horrific derivatives crisis that is going to make 2008 look like a Sunday picnic.

According to the Comptroller of the Currency, the “too big to fail” banks have exposure to derivatives that is absolutely mind blowing.  Just check out the following numbers from an official U.S. government report….

JPMorgan Chase – $70.1 Trillion
Citibank – $52.1 Trillion
Bank of America – $50.1 Trillion
Goldman Sachs – $44.2 Trillion

So a 2 billion dollar loss for JP Morgan is nothing compared to their total exposure of over 70 trillion dollars.

Overall, the 9 largest U.S. banks have a total of more than 200 trillion dollars of exposure to derivatives.  That is approximately 3 times the size of the entire global economy.

It is hard for the average person on the street to begin to comprehend how immense this derivatives bubble is.
So let’s not make too much out of this 2 billion dollar loss by JP Morgan.

This is just chicken feed.

This is just a preview of coming attractions.

Soon enough the real problems with derivatives will begin, and when that happens it will shake the entire global financial system to the core.

---

derivative market dah start crack.... amacam... dah wat persediaan?!

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Post time 13-5-2012 07:53 PM | Show all posts
minta pdpat kawan2,sy ada cash rm3k,cadangan mula2 nk sattle personal loan bank rakyat,tp mmndagkan skrg ni hrga emas tgh murah,rs cam nk guna budget tu utk beli emas,so berbaloi x kalau beli emas time2 skrg ni?
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Post time 14-5-2012 12:52 AM | Show all posts
Reply 1548# ungu_violet191

berbaloi beli emas....

lepas beli emas... cepat2 settlekan utang bank rakyat tu
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Post time 15-5-2012 09:51 AM | Show all posts
Post Last Edit by pengecatbintang at 15-5-2012 09:53

http://www.zerohedge.com/news/meet-latest-converted-gold-bug-imf

Meet The Latest Converted Gold Bug: The IMF

Submitted by Tyler Durden on 05/14/2012 11:49 -0400

When wonkish blogs suggest gold ownership as a hedge for the political idiocy of the world, it is mockingly shrugged off. When the BRICs add gold, it is eschewed in a 'well, its diversification' argument. But when the bankers' bankers' bank - The IMF - starts adding Gold to its reserves to cover higher expected credit risk losses (read major devaluations of fiat currency exposure), perhaps - just perhaps - the 'rationality put' we noted earlier is becoming a little more expensive in the minds of Lagarde and her colleagues. As Bloomberg News reports, “The Fund is facing increased credit risk in light of a surge in program lending in the context of the global crisis,” the IMF staff wrote in a report released today, adding "there is a need to increase the Fund’s reserves in order to help mitigate the elevated credit risks,” and as CommodityOnline added: "The International Monetary Fund (IMF) is planning to purchase more than $2 billion worth of gold on account of rising global risks. The IMF currently holds around 2800 tonnes of gold at various depositories".

The IMF announced in February 2010 that phased sales of gold on the market would be initiated shortly (after proposing the initial 403.3 ton sale in September 2009. At that time, a total of 191.3 tons of gold remained to be sold, following the sale of a total of 212 tons to three central banks during October and November 2009.
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Post time 15-5-2012 10:20 AM | Show all posts
Reply  ungu_violet191

berbaloi beli emas....

lepas beli emas... cepat2 settlekan utang bank r ...
pengecatbintang Post at 14-5-2012 00:52


mcm mana cara nak settlekan utang lepas beli emas tue?
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Post time 15-5-2012 10:53 AM | Show all posts
Post Last Edit by pengecatbintang at 15-5-2012 15:05

settle guna duit gaji ler...

--

jangkaan aku - sblm euro and us dollar collapse ujung tahun ni (tp financial market explode terlebih dahulu, trigger by pasaran derivatif)....  aku amat berharap pada masa ni, rege precious metals akan naik gila2 atas 2 sebab...

1. public panic (getting out from fiat) and run to PM

2. Price Suppression of PM stop...

masa ni... sesapa yg ada physical PM bole jual n guna fiat money tu utk settlekan utang2 yg ada...

so, debt free apabila global financial system collapse (trigger by derivative then euro n usd breakup)
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Post time 15-5-2012 10:18 PM | Show all posts
settle guna duit gaji ler...

--

jangkaan aku - sblm euro and us dollar collapse ujung tahun ni ...
pengecatbintang Post at 15-5-2012 10:53



   ada hrapan lg ka hrga nk mnjunam?pagi td cek rm149++,hrp2 hrga jth lg,rm140 pun dh ok utk memborong..baru berbaloi2,
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Post time 16-5-2012 10:28 AM | Show all posts
ada hrapan lg ka hrga nk mnjunam?pagi td cek rm149++,hrp2 hrga jth lg,rm140 pun dh ok utk m ...
ungu_violet191 Post at 15-5-2012 22:18


pada masa ni... tak pasti rege gold akan turun lg atau tidak...

tp aku yakin... tahun depan & ujung tahun ni... rege gold lebih tinggi berbanding rege skrg...

aku tak berapa bijak or terer bab bab timing price untuk membeli ni..

he he...
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Post time 17-5-2012 03:47 PM | Show all posts
Reply 1548# ungu_violet191


    Settlekan debt dulu..then start investing
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Post time 20-5-2012 08:10 PM | Show all posts
http://www.foxbusiness.com/markets/2012/05/16/gold-silver-decline-george-soros-nearly-quadrupled-gold-stake-in-q1/

Gold & Silver Decline: George Soros Nearly Quadrupled Gold Stake in Q1

Published May 16, 2012 / Wall St. Cheat Sheet

Despite once calling gold the “ultimate bubble,” George Soros’ hedge fund nearly quadrupled its exposure to the SPDR Gold Trust from 85,450 shares in the fourth-quarter to 319,550 shares in the first-quarter. Soros Fund Management also opened a new position through call options in Newmont Mining (NYSE:NEM), one of the world’s largest gold producers.
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Post time 20-5-2012 08:33 PM | Show all posts
derivative market dah start crack.... amacam... dah wat persediaan?!

pengecatbintang Post at 13-5-2012 01:06


pada 10 May 2012... setakat ni JP Morgan Chase umum rugi USD2 Billion... iaitu pelaburan dalam derivative market...

sebenonya.. total pelaburan JP Morgan (dimana kerugian USD 2 billion tu terlibat) adalah antara USD100 - USD120 billion...

USD100 billion ni plak skett jer bg JP Morgan...

keseluruhan pelaburan JP Morgan dlm derivative adalah USD70.1 Trillion (1 trillion = 1,000 billion)..

pelabur terbesar US yg lain dlm instrumen derivative adalah Citibank (50 trillion), Bank Of America (50 trillion) & Goldman Sach (40 trillion)...

combine pelaburan derivative 4 bank ni = triple annual World GDP...

SEKARANG NI CUMA CRACK JER...  jika explode camner ler agaknya...

--

akibat pengumuman rugi USD2 billion pd 10 May... pasaran saham dunia jatuh... termasuk Mesia...

ada yg kata... JP Morgan adalah Lehman Brothers No. 2 (krisis 2008)...

terdapat beberapa fasa yg akan bawa kpd global financial collapse... iaitu...

Phase pertama iaitu derivative market problem...

phase kedua currency wars

phase ketiga trade wars

phase keempat kenaikan interest rate (dah beberapa tahun interest rate di US 0.25% jer)

paling akhir adalah lingkupnya US Dollar di mana sebelumnya didahului oleh lingkupnya Euro...

peringatan kpd yg pegang paper assets : terutamanya di US & Eropah... get out from paper assets sebelum phase no. 4 di atas..

ADIOS
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Post time 20-5-2012 10:26 PM | Show all posts
pada 10 May 2012... setakat ni JP Morgan Chase umum rugi USD2 Billion... iaitu pelaburan dalam derivative market...

sebenonya.. total pelaburan JP Morgan (dimana kerugian USD 2 billion tu terlibat) adalah antara USD100 - USD120 billion...

pengecatbintang Post at 20-5-2012 20:33


http://www.businessweek.com/news/2012-05-18/jpmorgan-may-lose-5-billion-on-derivatives-wsj-reports
JPMorgan May Lose $5 Billion on Derivatives, WSJ Reports

By Bloomberg News on May 18, 2012

JPMorgan Chase & Co. (JPM) (JPM)’s loss from derivatives trading may widen to $5 billion, the Wall Street Journal reported.


Chief Executive Officer Jamie Dimon personally approved the strategy that led to the trades, without monitoring how they were executed, the newspaper said, citing people familiar with the matter that it didn’t identify. His failure to closely regulate that activity caused resentment among executives whose departments face tighter oversight, according to the Journal.

JPMorgan last week announced a $2 billion trading loss on synthetic credit products, or derivatives tied to credit performance. Dimon said the transactions, intended to manage risk, were “egregious” failures by the bank’s chief investment office. JPMorgan has said the amount could increase by $1 billion or more as it winds down the positions.
Regulatory Overhaul

The loss has prompted the Federal Reserve Bank of New York to examine how banks in its district are managing cash after receiving a flood of deposits since the credit crisis, according to a person familiar with the matter. Dimon, 56, has agreed to testify before a Senate committee that’s debating whether to tighten rules on trading by U.S. lenders.

The company was trying to reposition a portfolio of corporate credit derivatives and used a trading strategy that was “flawed, complex, poorly conceived, poorly vetted and poorly executed,” Dimon told shareholders this week at the bank’s annual meeting in Tampa, Florida.

To contact Bloomberg News staff for this story: Nathaniel Espino in Beijing at nespino@bloomberg.net
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Post time 22-5-2012 11:18 PM | Show all posts
Phase pertama iaitu derivative market problem...

phase kedua currency wars

phase ketiga trade wars

phase keempat kenaikan interest rate (dah beberapa tahun interest rate di US 0.25% jer)

pengecatbintang Post at 20-5-2012 20:33




120522 - Currency Wars to Trade Wars
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Post time 3-6-2012 06:13 PM | Show all posts
Reply 1557# pengecatbintang

skrg dah masuk phase brapa ?
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