Market Comment Begin’g – 26 Feb 2012
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Dear Subscriber,
Here is a quote from Paul Nathan that gives us the background for the investments we have been recommending. Remember, before taking a position the most important consideration is the context or background to support our investment.
“The coordinated move by governments to lower interest rates and supply liquidity to banks and governments, has tipped the hand of world leaders. It will be seen as inflationary, but it is actually an anti-deflationary move. It is a concerted action to offset de-leveraging. In my opinion it is a test run leading to further action as necessary and it will involve every nation in the world.”
The ECB has lent 500 billion to banks with A promise of 1 trillion more to come. China, US and Japan will open their wallets and lend the IMF a substantial amount of money- this is a financial backstop of 1 trillion China reduced its reserve requirements in a reversal of its tight monetary policy.
A deal on Greek debt was reached, thereby avoiding default. The Bernenk is keeping interest rates at near zero until 2014. The result of this is rising stock and commodity prices. The KLSE will move ahead along with the SGX and those of you who hold EPF, Cash accounts and Global Wrap accounts with precious metals- gold- silver- platinum.
[The letter is made available for premium members.]
Do read it and follow his advice. It is the refuge that will serve you well to protect your hard earned wealth
and security no matter what happens.
We have some super safe and cost efficient products for exposure to gold. Be careful of the numerous gold scams out there. Even Poh Kong, a legitimate gold dealer sells gold bars with a 12.5 % premium over spot gold to buy and 12.5 % to sell. This is exorbitant . Pubic Bank and Maybank passbook gold have exorbitant premiums which attract the naïve and uninformed.
Martin and my goal is that we prosper together in 2012 as we did in 2011. That means you must break out of the conventional wisdom that gold pays no interest, is too high, is in a bubble, produces nothing. You should also consider solid blue chips paying dividends listed on the SGX, KLSE. Martin and I beat the KLSE benchmark in 2011 by an average of 10 % using this strategy for our cash/ EPF accounts. These will provide modest income and potential growth for 2012.
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The can print money at whatever amount they like, but it all show they r nothing . The equities market & commodity futures r just paper asset & r nothing more than just toilet paper & nothing will happen to them. It is the
1physical assets that u can touch & smell that will rise in value. Very keen to
know if the commodities futures market r in default , would they be able to
meet the requirement of settle the over-leverage / deleveraging of all the position contract with cancelling/taking the exact full settling amount of the physical assets?
your friend gold – link is not working.
2The link is repaired. Pls try again.
- Martin-
3Which is that best way to invest In gold ?
4Which is that best way to invest In gold ?
Tiffany
5