Dinar and DIrham revolutions

Dinar and Dirham now seems to be a hot item and it is a good sign where people are now trust in POWER of gold. In mass media, people are promoting their Dinar and Dirham with so many companies. However, did they FORGET something? Dinar and Dirham is used to be a currency not investment or making profit with it. For example, replace the MYR or USD with the dinar and dirham so people can buy items without using paper money. World does change so does happen to dinar and dirham where they do not UNDERSTAND the concept of it.

And the worst part where dinar and dirham is manufacture/made by non-Muslims. Dinar and Dirham was practice for Muslim ummah towards their life society since prophet Muhammad (P.B.U.H). By logic, the production must be made from the Muslim itself. It was so sad that some of them making money by using the religious statement and plus made by non-Muslims. As a result, Dinar and Dirham cannot be used as a currency to replace the money in the future if people are still misunderstanding the concept.

p/s: I know some of readers will blame my statement but we need a serious discussion to talk about.

Scam GOLD of the year

This time i would share my some kind of experience being SCAMMED by this company. It was happened to my family since the past 3 years and now i going to reveal the company that use GOLD as a scam. Beware to all members especially the mad GOLD zombies. This company name was RN Gold Trade (m) Sdn Bhd. What kind of SCAM they did? Firstly, i give an introduction of the company.

RN gold Trade (m) Sdn Bhd (741589-X) is the company that established under the name of Koperasi Bekas Polis Malaysia Negeri Kedah Darul Aman (K-4-0252). This company is registered under Suruhanjaya Syarikat Malaysia, SSM and Suruhanjaya Koperasi Malaysia, SKM. Their CEO is Salina Binti Tan and Head of manager Mohd Zaki bin Mohd Yunus.

What makes people interested to invest in this GOLD company? Their schemes which promise a large profit return and some more under the name of KOPERSI BEKAS POLIS which people have no doubt and believe 100%. Besides, it also have the agreements, stamp post with LHDN, bond certificate with police logo which makes even more REAL. These are their schemes which people interest most.

• Rakan Niaga Emas (Gold Share holder) - company offers dividend 2% every month + gold jewelery until due date agreement expired.
• Rakan Niaga Modal (Share holder) - company offers dividend 4% every month until due date agreement expired.

Moreover, what makes the company are more suspicious is the office location are changing forth to fifth times within 2 years. And they even have a SHOP in Berjaya Times Square in KL. At first, the company give dividend per month as stated in the contract for 1 year. Later, they pending their dividend and gave so many reasons as their company are dealing with BNM. And yet, no letter or SMS received after so long. All the contacts are unable to contact. Therefore, my parent send a letter to SKM, KPDNKK and lodge report to the police. Below is the letter that we wrote....

Letter 1 (click to enlarge)

Letter cont. (click to enlarge)

Letter cont. (click to enlarge)

p/s: sorry about the red lines in the MS Word.....duhhh

Calculate your scarp GOLD

What is scarp gold? Scrap gold is gold that already been used among first hand buyer jewelry such as chains, earrings, bracelets, anklets, charms, rings, watches, money clips, lockets etc. It also refers to karat gold jewelry at least 10 karat. Normally, people plan to sell it back because of broken, damaged, ice-age fashion and rarely worn it. But how “the gold dealer” calculates it before they buy back?

This is how to kick-start of SCRAP GOLD

1. Verify which karat of your GOLD either 10K, 18K, 22K, 24K
2. Determine the weight using a gram scale (Ounce, oz convert to gram, g)
3. Check out the spot gold price (www.kitco.com)
4. Divide spot gold price by 31.1 (31.1g is equal to 1 oz)
5. Divide the karat by 24K and multiply spot gold per gram (step 4)
6. Multiply back the price per gram (step 5) to your gold weight in gram
   

CALCULATION:

I have 5g OBAMA gold ring. The purity is 22K. I want to sell it because the price of oil is increase therefore need some CASH in my hand. I bring my pen and calculator along before sell it to Ah Long Gold Shop.

Spot price 1 oz = USD1400

USD1400 divide 31.1g = USD45.016 per gram

OBAMA gold ring is 22K divide 24K = 22/24 = 0.916

0.916 x USD45.016 = USD41.235

USD41.235 x 5g OBAMA gold ring = USD206.17

p/s: most gold jewelry shop buy back with 15% -20% deduction of the spot price

source: www.wikihow.com

Conspiracy of buying and selling GOLD

Does the GOLD have a conspiracy theory?? "If you pay attention, the public is selling not buying". For short term investment, buying and selling are advisable. From the profit views, in 5 year later, you gain more profit which i agree most. However, think of the selling price after 5 years. The price of GOLD also will become more expensive than before. As a result, you have to spend money again to buy and do the same again and again. Unless you do something else....

I show in simple calculation and plus with story:

This is uncle SAM

Uncle SAM want to buy GOLD and plan to sell back in 2015. In his wallet, Uncle SAM have a cash for USD500. He discover from the gold spot price, the 10g OBAMA gold is cost around USD500 also. Without wasting time, Uncle SAM buy gold before the price are changing.

In 2010, selling price USD500 and buying price USD475
In 2015, selling price USD1000 and buying price USD970
*example of prediction price

Nett profit = USD970 - USD500 = USD470

If Uncle SAM want to buy GOLD again, the price during 2015 is USD1000. Therefore, Uncle SAM have to add USD30 (own capital) + USD970 (sale profit) to buy the new GOLD. SO where is the real profit when you repeat the same investment????

Pimp my 747 with GOLD

Have you ever travel with airplane before? If yes, you must realize the space for passenger are divided into 1st class and 2nd class seat. Not to mention about the services. However, the airplane owned by Sultan Brunei is totally the royal class. The Royal Brunei boeing 747 worth about 100 million dollars and re-designed by Sultan's demand for more than 120 million dollars. It was the most luxurious aircraft in the world. One of the unique in this aircraft such as a whirlpool bath of pure GOLD. Totally pimped.

p/s: if i can travel with this aircraft....but the PIMP part...totally speechless

source: www.binscorner.com

100% money into GOLD is not the best idea

From time to time, I seen the gold factors are spreading so fast. Everyone is starting to know better about GOLD. However I do afraid of something which is usually happening in our community. People who are very NEW about gold can be a next victim. Certain people will advice them to buy gold with large amount such as 50g. If you see the price of 50g approximate RM7000++. How an earth people with low income can buy this GOLD? The suggestion is by taking LOAN.

Some would suggest selling ASB unit and use all money including saving to buy GOLD. This is not the best idea…..ASB unit are quite strong and giving more dividend 7-8% than fixed deposit. ASB are different because it offers to bumiputera only. If you planning to sell it then it would say you give up one of the best opportunity. The non-bumiputera is always hoping they can make investment in ASB. Sadly, a few bumi don’t appreciate the opportunity from ASB. Is quite funny when some people invest 100% into GOLD.

Smart investor usually involves more than one investment itself. They not invest 100% into gold because each investment has its own risk. They make a FINANCIAL PLAN with all types of investment such bonds, stocks, short-term holdings, property etc. And they also invest in assurance as well in case of emergency. If you do not spend on assurance and emergency saving, your GOLD also can be worthless…imagine you have a hard time situation such as cancer, GOLD cannot cover everything including medical treatment etc. My advice is please do your financial planning properly rather than follow the financial trend.

My comment: 30% invest in GOLD is quite recommended...

Dont buy GOLD with loan...why??

From my opinion, several of us think that making money with GOLD from a loan bank are one of the strategies way. But do they forget something? Personal loan are completely riba and they know it. And yet, they still promote others to do it so that newbie can buy gold from them. I do not agree this because firstly, it against Islamic concept. And secondly, you still in debt although GOLD can achieve 15-25% per year but still it minimize your profit. I do agree if you buy your own GOLD by salary or profit from business but not from loan. Either from Islamic bank or else it still the same concept. If you are non-Muslim than its not an issue here. Think again...watch this video for further explanation.

credit to Nizam Ali
source: www.youtube.com

How to clean your GOLD ?

Have you make a clean service to your gold and jewelry? Why you should spending money for that purpose...you can DIY (Do it Yourself) to clean your gold and jewelry at home. The important is you must know what you are doing by referring to some experts or getting some knowledge from the internet. This are the items that you need to be prepared such as two bowls of warm water, dish-wash liquid, a soft toothbrush and of course your gold.

Step 1: Soak gold or jewelry in soap solution

Add a few drops of mild dishwashing liquid to a bowl filled with two cups of warm water. Drop your gold pieces into the solution and let them soak for about 15 minutes.

Step 2: Scrub the dirt away

Lift a piece of jewelry or gold out of the solution and gently scrub it with a soft-bristle toothbrush to remove any dirt lodged in nooks and crannies.

Step 3: Rinse in warm water

Swish the piece around in a bowl of warm water to remove the soapy residue.

Step 4: Blot dry with a soft cloth

Using a soft cloth, dry your jewelry thoroughly and buff it a little to bring back the shine.

p/s: please clean and handle with care :)

Another gold investment?

Previously, maybank and publicbank offer their investment product such as gold investment using a passbook account. The account holder only buy the gold from the bank without receive in physical. Therefore, investor are less worried about risk in keeping the gold by their own. They only have to maintain when the exact time to buy and sell. Lately, i realize citibank also introduce their product investment in citigold. Let us see their benefits of the product...

Benefits of citibank gold accout:

• easy access - use your investment as a hedge against inflation or as an alternative asset class
• hassle-free - no physical delivery of gold or maintenance of a passbook. The account is reflected in your CitiOne statement
• no additional cost - no handling/management fees
• flexibility - enjoy multiple currency denominations against gold (USD/EUR/AUD)

What are the difference with the maybank and publicbank gold investment account? Citibank do not require a passbook, just a statement which make the investor easier to buy and sell with online just like forex. Each investment have pros and cons. It's your choice to decide which are much better. However, i do prefer more on physical investment although my first gold experience is maybank gold investment account. For further info, kindly visit citigold website.

source: www.citigold.com.my

My gold analysis based on BNM

When people calling you a gold bug or tokey emas, you must be very details in what you are doing. Some of us only think buy now, why wait...i would agree but if you are smart buyer you just have to wait a bit longer to buy when the time is right. This was my analysis that i reveal that some people which dealing in gold business might counter me back. But hey, if you want to help the community from fiat money, why you must keep your mouth shut to reveal that most of normal public do not realize. Below are the graph based on BNM statistics with 1/4 oz kijang emas data. I have made some transformation into graphs for better views. From 2006 until recently, march is the month where smart buyer do their work. Buy when the price is lower. DO NOT buy at the end of year because the price are much higher than march. Following by April also advisable but i choose march instead because the number of demand will increase. Stock may get limited than usual. From the analysis, you cannot cheat buyers...history will always repeat :)

Click image to enlarge the graph view

source: www.bnm.gov.my

p/s: i think i trolled so many gold dealers...hahaha

Silver experiment, fake or genuine

Previously, I posted some fake silver and gold coins that was brought from China. Therefore, it is our responsibilities to avoid this matter occur to the public as people are now getting more interest to the precious metal than money. This are the guidelines that you MUST know especially when buying on the internet.

Weight experiment

Weight experiment - generally, fake silver coins are less heavy than genuine because the fake one made from silvery metal alloys. Besides, the weight range must be precise between -0.015 or +0.015. For example, 1/4 oz is equal to 7.78 g. If the scale are more or less than the range itself, it could be a fake.

Surface experiment

Surface experiment - fake silver coins maybe or none of it have a silver-plated finish on them. The genuine silver are more shiny and reflect in lighting spot while the fake are soapy and less shiny. Test under lighting spot and move 360 degree forward and backward continuously. Less reflection means fake.

Reeded experiment

Reeded experiment - this is one of interesting experiment. If you can see details, silver or gold coins do have edge reeding in view elevation. Reed is the line marked at the edge of coin to show the weight ratio are correct without using weight scale. There are 2 types of reeding which are "fine reeding (FR)" and "course reeding (CR)". Simple test, 1/2 oz = 15.5g. Therefore the reeding should have 155 -158 reed.


p/s: Try this at home and you will regret :)

Sulu-China uses silver (Dirham) for trading in 13th century

In China history during the Song, Yuan until Ming dynasties period, they (the historian) believes that China and Sulu have a diplomatic and trade relations long time ago. This statement are supported since the period of southern Song Dynasty where they defending their land and coast for maritime mission abroad. Moreover, Song Dynasty also have a diplomatic relations with Europeans, Indians, Arabs and other countries which give a positive impact for their domestic and foreign policy.

However, the most influence foreign country that brought the power of Song dynasty is Sulu. Although Sulu at the first stage having internal crisis with China and yet they were unite again under Yuan Dynasty and followed by Ming Dynasty. Interestingly, historian claimed that Ming emperor; Zhu Yuanzhang or Hongwu Emperor was a Muslim of Semitic origin but several disagree with this discovery.

In 1405, Emperor Yong Lo sent their trust man Chinese Muslim named Zheng Ho (Laksamana Cheng Ho) for international tributary missions to Sulu. Sulu was ruled by Sayyid Abubakar as Paduka Batara Maulana Al-Sultan Shariful Hashim in Buansa City known as the first Sultan of Sulu. Previously, Sulu was in the kingdom of Raja Baginda under Rajaship system of Banua or villages fragmented governance.

As a return, the Sulu missions to China then not only to give gifts for Chinese Emperor but also bringing goods to be sold on the markets. The Chinese court fixed the price for these good without paying taxes. They traded according to the spirit of mutual trust and that is so called Islamic in business. In the rural areas of Sulu market, they still practices mutual exchange of goods in good faith known as Silver and Gold coins. It is called Pilak (Perak) as a currency of Sulu. Besides, Sulu pearls also one of precious material besides gold that has been brought to Ming Emperor in 1421. It was believed that the Sulu kingdom gave around 350kg of pearl to the Emperor.

All the historical facts shows that Sulu and China had a great international relations. This will remind people of Sulu and China for ther great relationship in the past. The silver and gold coins shall rise again. Sulu will become the first country that introduce to the world about the use of dinar and dirham in the market. History shall be repeat again.

source: www.theislandsofpearls.blogspot.com

The GOLD bathroom...seriously?

First of all, are they too XXX to make this idea? They use gold to create a bathroom which I think a kind of waste. But there are here in Hong Kong. It was reported the most expensive toilet in the world. What about the cost of making this golden toilet? From the source of media, the price of the bathroom is approximate HK $38 million in 2001 and the price recently is worth HK $80 million. Overall, the bathroom was built with 380 kg pure gold and 6200 gemstones. This bathroom categorize as one of the great wonders in modern world. According to Lam Sai-Wing, these bathroom has a feature of solid gold toiler, gold toilet paper dispenser, gold basin, gold waste bin and of course the air-cond.

This guy demonstrate how to flush the golden toilet

2nd guy pose how to use the golden toilet

p/s: does the poo-poo also in gold color? WTF

The only country that understand GOLD - Sheikh Imran N. Hosein

Sheikh Imran Nazar Hosein in his speech having Q and A session...and Malaysia country are proud to be the only one country that understand the POWER of gold. Sheikh Imran is one of the famous Islamic scholar from Trinidad. What makes the speech interesting because he choose Tun Dr Mahathir as the true Islamic leader in the eyes of the world. :)

p/s: proud to be Malaysian..we may be small but we have glorious leader and history

The demand of SILVER

From my previous post, i had explain why the silver is the next stop of investment. For details, i did a little research and summarize into basic explanation. The silver material have been used by human a long time ago and yet are still demanding even in the modern world. Below are the major demand of silver that used in large quantities in our community.

1. SILVER for electricity industry

The industry of silver become important needs since the existing of electrical source. The people who invented the electricity was Sir Benjamin Franklin. Nowadays, the silver become the largest demand because the material is perfect for electricity conductor. Moreover, silver used in so many electrical applications, including switches, contacts, and fuses.

2. SILVER for health care industry

Silver also used in the health care industry such as the medical equipment. Did you know that several of medical item use only once for one patient? Besides that, the chemical of silver sulfadiazine is believe to use to cure burns and sometimes for tooth fillings. The more hospitality, the more silver are needed for medical purposes.

3. SILVER for photography

One of the large use of silver is photographic paper and film. How the silver is related with the film? Pure silver are combine with nitric acid, HNO3 to create silver nitrate in crystal form. Later, the gelatin mix with silver nitrate to make coating emulsion. The emulsion are layer onto plastic base with 3 base color which are red, blue and green. After that, the film and photographic paper are produced. 1 oz silver is able to produce 5000 color photographs.

4. SILVER for jewelry

The high demand of silver will be a jewelry items. The silver become precious metal because the lower price than gold. In Europe, people prefer white gold known as silver than gold. Most people are love to buy silver jewelry because the color and shiny of surface are match with every color of clothes. In addition, the global reserve of silver is higher than gold which makes the silver demanding for jewelry industry.

source: www.silvermonthly.com

FAKE silver and gold - panda version

People are watching and listening everything that makes money. So the trend making money really fast is by cheating others without spending a lot. As we can see, the GOLD business can be seen as the most popular on internet. If you are the GOLD collector, you must be alert the silver or gold you bought from someone. Some may not realize because they are so excited to collect unique gold and silver without even think the risk. Here is an example of the FAKE gold and silver coins from "panda version".

Left picture is FAKE and the right picture is GENUINE.

2002 1 oz. silver 10 Yuan Panda coin (front)

CAUTION : 10 Yuan silver = 1 oz. Therefore 50 Yuan silver should be 5 oz.

2002 1 oz. silver 10 Yuan Panda coin (back)

CAUTION : Backside should be 2001 or 2002. The fake one is 2000.

2010 1 oz. silver 10 Yuan Panda coin (front)

CAUTION : (1) Yuan alphabet symbol is high up, (2) the texture of panda fur, (3) the gap of Ag "letters"

2010 1 oz. silver 10 Yuan Panda coin (back)

CAUTION : The rug pattern on the steps are totally different

1984 1/4 oz. gold 25 Yuan Panda coin (front)

CAUTION : (1) The surface of fake is rough compare to genuine, (2) the letter and numeric 999 are much bigger than original

2010 1/10 oz. gold 50 Yuan Panda coin

CAUTION : (1) The original pouch (sealed cover) are easy to recognize because the shape is rounded corners and edge pattern of the pouch gives them away, (2) the name of the mint where it was produced such as "Shenzhen Guobao" at the plastic cover.

COMMENT:

This is the good effort from some of a TRUE collector. I would proud if some blogger would share the experience of FAKE silver and gold. The most important for us is please be more alert the material when you are planning to buy. GOLD without knowledge is priceless....

source: www.pandacollector.com