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Malaysia Bullion Trade News

Paying people their worth in gold

October 24, 2014
By Dylan Loh
One company in Singapore has taken the novel step of allowing their employees the option of being paid in gold.

SINGAPORE: How would you like to be paid your worth in gold? Singapore-based precious metals dealer BullionStar is doing just that, by rewarding staff with the commodity as salary, and it says it is the first in the country to do so.
Here is how it works: If, for example, you earn S$3,200 a month, you can choose to be paid in two gold bars each worth S$1,600. Theoretically, if you are a high earner drawing a pay of S$51,000 a month, you can choose to be paid with a one-kilogram gold bar.
Sales manager Vincent Tie is one of six employees at BullionStar who has opted to receive his salary in bullion. About 20 to 40 per cent of the 38-year-old’s basic pay is given in gold.
Read More @Original Source

We Cannot Get Away from Gold or Silver

March 15, 2014
By Hugo Salinas Price

It is remarkable how billions of human beings are using fiat currencies in the world today without any understanding at all of what they are doing. Curiosity and intellect are indeed very limited in supply amongst humans.
Humanity is attempting to live by the use of fiat currencies – gold and silver as means of interaction between humans are not available today.
And humans are quite ignorant of the fact that the fiat currencies they use have each of them a HISTORY behind them, without which they would not exist.
Read More @Original Source

Silver: Industrial Metal Or Money?

March 15, 2014
Silver Phoenix 500
By Ryan Jordan

While silver is still holding strong into 2014, its price performance is not nearly as impressive as many have come to expect. Is this a bad thing? To my mind, not really. First off, there is no guarantee historically that silver has to move with the other precious metals, or outperform them. As recently as the period from early 2009 to late 2010, silver was stuck in a fairly tight trading range from 14 to 18 dollars, while gold was going on to new highs. Similar examples can be found in the last secular bull market in the 1970s. Sometimes silver would move with gold, and sometimes not—and only some of the time would silver wildly outperform the yellow metal—even as all precious metals saw higher prices from the late 1960s through 1980.
The second reason why we shouldn’t be too concerned about silver’s recent lethargy relates to the perception of silver as an industrial metal. While it is true that silver’s investment demand has grown impressively over the last decade, it is still the case that over half of silver’s demand comes from industry—and it is also true that silver industrial demand is not yet exploding higher the way many had been expecting during the heady days of 2011.
Read More @Original Source

Should You Store Your Wealth In Silver?

March 14, 2014
Project Chesapeake
With oil at $106 a barrel silver should be much higher than it is. It is much lower due to price manipulation by the banking cartel that wants to hide the devaluation of the dollar from unsuspecting rubes.
By Tom Chatham

There has been much talk in the past few years of how to store your excess wealth to preserve its value. Many people have advised that gold and silver are the best vehicles for doing so but there are many detractors in the mainstream that disagree.
If you look at the price of gold and silver over the years and compare the prices to crude oil you will see a good correlation. As crude oil has moved up and down the price of precious metals has moved in close lockstep with it over the years. That makes very good sense due to the fact that the world runs on energy and gold and silver are real money. No modern economy can have growth without using more energy.
In 1980 the average price of silver was $16.39 and the price of silver spiked to around $50 an ounce, the price of crude that year averaged about $37.42. Adjusted for inflation, in today’s dollars that would make oil about $106 a barrel. Does that number look familiar?
Read More @Original Source

Billionaire Sprott Looking To Sue Banks For Gold Manipulation

March 14, 2014
By Eric King

I think it’s very important that your listeners (and readers) understand exactly the chronology and the depth of the investigation into the manipulation that’s gone on (in the gold market). It got a bit of a head of steam when the German regulator came out and said that they were going to investigate the LBMA. And then in the middle of December they investigated Deutsche Bank. On January 17th the (German) regulator came out and said it was possible the manipulation of the gold market could be worse than LIBOR.
But what’s happened in the last couple of weeks is we’ve had some lawsuits filed, and one of the lawsuits was filed by a legal firm that I had been in touch with a couple of weeks earlier. This law firm was the co-lead law firm in the LIBOR scandal. I’m sure they will be involved in the Forex scandal as well.
Read More @Original Source

The Crisis is Not Over! A Conversation with Legendary Investor Jim Rogers

March 13, 2014
from Stefan Molyneux

Stefan Molyneux speaks with legendary investor Jim Rogers about the future of the world economy, the coming economic shift and how to prepare for the future.
Jim Rogers is an American businessman, investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc.

Jim Rickards: Our Monetary System Is Instable and It Will Collapse

March 13, 2014
In one of his latest interviews, Jim Rickards, author of the new book “The Death Of Money“, explains on the Dutch TV channel RTL why he believes the monetary system will collapse. This is of course nothing new for readers of our site. We have written about Rickards his observations and projections in numerous articles in the last years (for instance, Most Likely Outcome Is Still A Monetary Collapse, Jim Rickards Describes Four Future Monetary Scenarios, World Currency System Moving Towards Catastrophe). However, he makes a couple of interesting points and brings up some new insights which we haven’t covered before.

Why the gold of countries is not safe in New York:
I think it’s not safe. It is physically safe, but the US government might steal it. If you have a financial panic and there is a collapse of the dollar, and the US government sees a need to back the dollar with gold to restore trust, there is a risk that the US will confiscate that gold. The US government would add that to the US gold supply, create a new gold backed dollar, turn to the countries (whether the Netherlands, Italy or France) with a certificate and say they could get their gold back in the new system. That’s what I mean with re-writing the rules of the game.
Read More @Original Source


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