Gold hits record high – CNN Money

Gold hits record high

April gold futures settled at a nominal all-time high of $1,431.20 an ounce Tuesday.

 By Charles Riley, staff reporterMarch 1, 2011: 5:05 PM ET

 

NEW YORK (CNNMoney) — Gold prices settled at a new record high on Tuesday, as unrest in North Africa and the Middle East pushed the safe-haven commodity north of $1,430.

April gold futures rose $21.30, or 1.5%, to settle at an all-time high of $1,431.20 an ounce.

Tuesday’s record high is not adjusted for inflation. If adjusted for inflation, gold’s record price is much higher.

Investors rushed to gold as unrest in the key oil producing state of Libya continued to rage, and reports from Iran indicated large numbers of protestors were in the streets.

That unrest was contributing to a “fear factor” that was driving gold higher, according to Thomas Winmill, portfolio manager of the Midas Fund.

Gold prices have been moving steadily higher since late January, a trend Winmill attributed primarily to geo-political upheaval.

But he also said fears of rising inflation rates have played a role in gold’s ascent. Gold is often viewed as a classic hedge against inflation because it’s a tangible asset, unlike a paper currency

On Tuesday, investors keyed in on Fed Chairman Ben Bernanke’s testimony on Capitol Hill, where the central bank chief walked a fine line on inflation.

Speaking before the Senate Banking Committee, Bernanke noted that rising commodity prices will likely be passed on to consumers, but this effect would be only “temporary and relatively modest.”

But he acknowledged that if higher prices persist, inflation could become a serious risk. “Sustained rises in the prices of oil or other commodities would represent a threat both to economic growth and to overall price stability,” he said.

With inflation rates already spiking in some developing economies, some investors worry that the combination of low interest rates in the U.S. and the Fed’s quantitative easing plan will cause inflation to spike

Public Gold di RTM 1 – Harga Emas dijangka terus meningkat.

Sedikit sedutan Berita RTM1 tentang Emas

Inflasi Malaysia Membimbangkan

 

15 Rabiulawal 1432H [MOD]-
KUALA LUMPUR, 18 Feb: Kaji selidik yang dilakukan oleh Bank Negara Malaysia (BNM) menunjukkan kadar inflasi di negara ini akan meningkat kepada empat peratus pada 2011 hingga 2012 dan berada sekitar tiga peratus selepas 2013.

Berdasarkan laporan Financial Times, kajian yang dijalankan oleh Northern Light mendapati 62 peratus pelabur menjangkakan inflasi akan meningkat secara global.

Gabungan Persatuan-Persatuan Pengguna-Pengguna Malaysia (Fomca) menjelaskan, awal minggu ini data yang dikeluarkan di Britain menunjukkan Indeks Harga Pengguna di United Kingdom mencecah 3.7 peratus pada Januari 2011 yang menguatkan spekulasi bahawa inflasi sedang meningkat.

Presidennya, Datuk Marimuthu Nadason berkata, inflasi dikatakan bakal mencecah kadar empat peratus dalam beberapa bulan akan datang dan kini penganalisa mempersoalkan sama ada Bank of England sudah kehilangan kredibiliti.

Katanya, pakar ekonomi percaya Indeks Harga Pengguna akan meningkat sekitar 3.4 peratus pada Disember dengan petrol, makanan dan bil utiliti memberikan tekanan paling kuat terhadap inflasi.

“Kadar inflasi pada tahun ini dijangka berada sekitar 2.5 hingga tiga peratus dan peningkatannya diramal lebih pantas menjelang separuh kedua ekoran pertumbuhan ekonomi dunia,” jelasnya dalam satu kenyataan kepada Harakahdaily hari ini.

Inflasi di negara ini, menurut beliau, bakal meningkat lebih pantas sekiranya kerajaan melaksanakan cadangan pemansuhan subsidi di bawah rasionalisasi subsidi yang dikemukakan Unit Pengurusan Prestasi dan Penyampaian (Pemandu).

Sementara itu, dalam laman webnya, consumerkini, Fomca menjelaskan, kadar inflasi di Malaysia pada Disember 2010 naik kepada 2.2 peratus, iaitu yang tertinggi dalam tempoh 19 bulan.

Peningkatan itu, katanya, sekali gus merekodkan kadar inflasi tahunan kepada 1.8 peratus untuk 2010.

Kenaikan kadar inflasi itu berpunca daripada lonjakan harga makanan, komoditi dan penurunan subsidi oleh kerajaan pada akhir tahun 2010.

Penurunan subsidi yang menyaksikan kenaikan harga petrol RON95 dan diesel sebanyak lima sen seliter, LPG lima sen sekilogram dan gula 20 sen sekilogram serta sambutan perayaan Krismas dan cuti sekolah telah mendorong kenaikan inflasi.

Bagaimanapun, kadar inflasi negara masih jauh lebih rendah berbanding Indonesia 6.9 peratus, Thailand tiga peratus, Korea 3.5 peratus dan India 8.4 peratus.(HDaily)

When will gold go mainstream? – MoneyWeek

When will gold go mainstream? – MoneyWeek.

I keep reading that gold isn’t a contrarian trade anymore. People keep pointing out to me that gold stories are all over the press. That gold is now a hot topic of conversation among investors. I’m even told that some investment professionals are advising clients to pick it up.

But these stories don’t mean anything. Gold is still a contrarian bet. It’s far from going mainstream yet.

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I want to show you why gold is still a reviled investment… a ‘barbarous old relic’ to coin a phrase. And what needs to happen before gold really goes mainstream.

Why bankers hate gold

We all want a return on our investments. And with paper money, the bank promises you interest (though pitiful) as well as your money back. Interest is an easy concept to understand and it gives the bankers something to play around with on their spreadsheets.

But money breeds on money. Banks love paper money because they can take yours and lend out maybe nine or tens times that amount to others – supersizing profits with a click here and a click there.

Gold, on the other hand offers no interest. It can’t even be created, let alone multiplied! Gold merely gets shifted around, you take it out of the ground, and then shove it in a vault, or make some goods for rich people to flaunt.

And that’s why it’s hated. It doesn’t fit with the needs of bankers, nor with investors that want money for nothing.

I can even see the argument for Gordon Brown selling off our gold reserves.

If you buy other currencies with the proceeds, you can put it into bonds and get interest in return.

It’s still contrarian…

In a sense, gold is not an easy investment to love. But at certain moments in economic cycles, paper wealth is an easy thing to hate. And that’s how to look at it…

In the same way that paper money can be ‘created’ and multiplied, so it can be destroyed and decimated. Just look at the financial crash of 2008 and the commercial property slump that followed. Money got destroyed through losses, not many people avoided it. And this causes deflation, i.e. less money in the system.

Just look at this chart from the Office for National Statistics. See how quickly inflation turned to deflation at the height of the panic at the end of 2008.

And just as incredible was the bounce back out of the abyss. What’s more you’ll undoubtedly have seen in the papers that this inflation is still ramping up.

This self-inflicted inflation was all down to the tricks of the central bankers – slash interest rates and create fresh capital.

Now, as you may know, I still believe we’ll see a fresh deflationary scare as a result of another ‘unforeseen’ shock. That’s when the central banks will go into QE overdrive.

And that’s when gold may go mainstream.

Not until the next shock comes and you see scary headlines about the risks of a financial implosion will gold go mainstream. That may be the time for contrarians to consider selling in order to buy other cheap assets.

If I’m wrong about deflation and we short-cut straight to serious inflation, it doesn’t matter – the gold argument remains the same.

Hang on for the moment

Just because gold makes the news today doesn’t mean that it’s gone mainstream. I bet you most investors don’t own it and don’t want it in their portfolio. Most people don’t understand this barbarous old relic.

Neither national banks, private banks, nor individuals, are keen – why would they be? You just can’t make the investment case on a spreadsheet.

So long as people have faith in their banks and paper wealth, that’s how it’s going to stay. Gold remains for the sceptics. We’re not yet at the stage when the average punter wants it for wealth preservation.

And that’s why gold is still contrarian.

‘Buy gold’, says Anthony Bolton – MoneyWeek

‘Buy gold’, says Anthony Bolton – MoneyWeek.

Anyone piling into commodities now has missed the boat, says respected fund manager Anthony Bolton – unless they are buying gold.

“The best time for commodities was in 2006, when the whole world was growing above trend”, he told The Daily Telegraph. But with “anaemic” demand from the Western economies, emerging market growth may not be enough to “keep commodities going”.

Gold, however, is the exception to the rule. No other commodity is held by central banks: “it is more like a currency than a commodity”.

“Almost every country has a big budget deficit at the moment so it is in their favour to see their currency depreciate.” That will encourage more people to buy gold. He points out that Chinese investors have already begun switching from dollar-denominated bonds to gold.

His bearish view on commodities is quite contrarian at a time when most are now at record highs. Many fund managers expect further price rises as a ‘supercycle’ of economic growth fuels demand.

But Bolton feels that these price rises are partly due to the weak dollar. “The US dollar has been weak for the past couple of years. If commodities were measured in a stronger currency, the recent rallies might have been different.”

As for the Western world, he doesn’t see the situation improving anytime soon. Bolton, whose Fidelity Special Situations fund consistently outperformed the market for almost 30 years, reckons that we are probably “two years into a five-year cycle”.

Emas kini lebih RM4,284 satu auns

2011/02/22

Ahmet Davutoglu

Ketegangan Afrika Utara, Asia Barat pengaruhi harga

HARGA emas meningkat melebihi AS$1,400 (RM4,284) satu auns semalam, pertama kali dalam tempoh hampir tujuh minggu, berikutan ketegangan yang terus memuncak di Afrika Utara dan Asia Barat.

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Ketegangan kini merebak dari Mesir dan Tunisia ke negara Asia Barat dan Afrika Utara lain apabila penunjuk perasaan berkumpul membantah pemerintahan pemimpin yang sudah memegang kuasa begitu lama.

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Harga emas sesi dagangan semalam naik sehingga AS$1,400.40 (RM5,041.44) satu auns daripada paras AS$1,388.58 (RM4,249.05) satu auns ketika didagangkan di New York Jumaat lalu.

Harga kontrak hadapan emas bagi April naik AS$11.70 (RM35.8) satu auns kepada AS$1,400.30 (RM4,284.91).

“Tidak dapat disangsikan lagi bahawa kenaikan logam berharga itu yang berlaku sejak kebelakangan ini berikutan ketegangan di Asia Barat,” kata Daniel Major, Penganalisis di RBS Global Banking & Markets.

“Jika (pembelian) tidak dibuat menerusi dana dagangan bursa atau di Comex, ia kemungkinan besar dibuat menerusi pasaran dagangan fizikal iaitu pembelian syiling atau jongkong emas kecil, dan saya tidak menolak kemungkinan adanya pembelian lebih besar oleh individu kaya jika dilihat daripada keadaan ketegangan yang belum berkesudahan,” katanya.
Menteri Luar Turki, Ahmet Davutoglu, semalam berkata revolusi di Tunisia akan menjadi model kepada lain-lain negara yang ingin melakukan pembaharuan politik.

Tentangan terus diberikan kepada pemimpin Libya, Muammar Gaddafi yang terus merebak di ibu negara, Tripoli kelmarin dan anak lelaki berikrar untuk terus bertahan ketika semakin ramai penunjuk perasaan terbunuh di timur negara itu.

Harga minyak pula terus naik hampir sebanyak AS$3 setong kepada paras tertinggi dalam tempoh dua setengah tahun ketika peniaga melihat berlakunya ketegangan yang tidak berkesudahan di negara pengeluar minyak utama, Libya.

Harga saham di Eropah turut jatuh berikutan krisis itu.

Dalam dagangan semalam, harga perak naik setinggi AS$33.46 (RM102.38) satu auns, platinum pada AS$1,844.25 (RM5,643.4) satu auns manakala palladium pada AS$859 (RM2,628.54) satu auns. – REUTERS

Kadar Inflasi Malaysia meningkat ke 2.2 peratus, tertinggi dalam tempoh 19 bulan

MONDAY, 14 FEBRUARY 2011 10:11 Kadar inflasi Malaysia pada Disember 2010 naik kepada 2.2 peratus, iaitu yang tertinggi dalam tempoh 19 bulan. Ini sekali gus merekodkan kadar inflasi tahunan kepada 1.8 peratus untuk 2010. Kenaikan kadar inflasi itu berpunca daripada lonjakan harga makanan, komoditi dan penurunan subsidi oleh kerajaan pada akhir tahun 2010. Penurunan subsidi yang menyaksikan kenaikan harga petrol RON95 dan diesel sebanyak lima sen seliter, LPG lima sen sekilogram dan gula 20 sen sekilogram serta sambutan perayaan Krismas dan cuti sekolah telah mendorong kenaikan inflasi. Bagaimanapun, kadar inflasi negara masih jauh lebih rendah berbanding Indonesia 6.9 peratus, Thailand tiga peratus, Korea 3.5 peratus dan India 8.4 peratus. Berdasarkan laporan Financial Times, kajian yang dijalankan oleh Northern Light mendapati 62 peratus pelabur menjangkakan inflasi akan meningkat secara global. Awal minggu ini data yang dikeluarkan di Britain menunjukkan Indeks Harga Pengguna di United Kingdom mencecah 3.7 peratus pada Januari 2011. Ini menguatkan spekulasi bahawa inflasi sedang meningkat. Inflasi dikatakan bakal mencecah kadar empat peratus dalam beberapa bulan akan datang. Kini penganalisa mempersoalkan sama ada Bank of England sudah kehilangan kredibiliti. Pakar ekonomi percaya Indeks Harga Pengguna akan meningkat sekitar 3.4 peratus pada Disember dengan petrol, makanan dan bil utiliti memberikan tekanan paling kuat terhadap inflasi. Baru-baru ini Bank Dunia mengingatkan Indonesia mengenai kadar inflasinya yang tinggi supaya kerajaan melakukan sesuatu sebelum ia memberi kesan negatif ke atas ekonomi apabila kadar faedah dan pengangguran meningkat. Agensi berita Antara dalam laporan terkininya berkata terdapat ramalan bahawa kadar inflasi republik berkenaan boleh mencapai tujuh peratus pada akhir tahun ini. Indonesia yang mendakwa kadar inflasinya masih pada tahap yang boleh ditangani, walau bagaimanapun meminta Bank Dunia menyokong polisi fiskal yang dilaksanakannya. Reuters pula melaporkan syarikat-syarikat di China dan India, yang selama ini menikmati ekonomi yang kukuh, turut bimbang menghadapi risiko inflasi. Inflasi dan peningkatan gelembung aset syarikat-syarikat utama menjadi kebimbangan gergasi ekonomi Asia dan ekonomi yang ketiga dunia, kata pakar yang ditemui pada Forum Ekonomi Dunia di Davos, Switzerland baru-baru ini. Pengerusi syarikat pembuat tayar India, Apollo Tyres, Onkar Kanwar berkata, harga minyak dan getah asli melonjak seumpama emas sekarang. Peningkatan harga pelbagai komoditi, termasuk gula dan besi, memaksa beberapa perniagaan asing dan tempatan yang beroperasi di China dan India meningkatkan harga sehingga pengguna menanggung kos berkenaan. Inflasi makanan di India berada pada 15.5 peratus pada bulan Disember. Ia merupakan yang paling tinggi di antara ekonomi utama Asia, diikuti dengan China dengan kadar inflasi makanannya sembilan peratus. Di India, inflasi makanan meningkat dalam angka dua digit kebelakangan ini. Perkara ini dikhuatiri akan memberi kesan kepada keputusan pilihan raya. Di China pula, penulis-penulis blog melahirkan rasa kecewa terhadap harga barangan yang semakin meningkat. Kadar inflasi pada tahun ini dijangka berada sekitar 2.5 hingga tiga peratus dan peningkatannya diramal lebih pantas menjelang separuh kedua ekoran pertumbuhan ekonomi dunia. Inflasi bakal meningkat lebih pantas sekiranya kerajaan melaksanakan cadangan pemansuhan subsidi di bawah rasionalisasi subsidi yang dikemukakan Unit Pengurusan Prestasi dan Penyampaian (Pemandu). Dengan kadar 2.75 peratus, tahap Kadar Dasar Semalaman (OPR) adalah menyokong mencatat pertumbuhan teguh dan menangani tekanan inflasi semasa. Harga minyak dan komoditi dijangka meningkatkan inflasi harga pengguna pada Disember dengan harga makanan terus meningkat. OPR akan kekal sekiranya kadar inflasi meningkat dalam tempoh beberapa bulan akan datang ekoran kenaikan harga komoditi dan makanan serta pelaksanaan rasionalisasi subsidi. OPR boleh meningkat sehingga 3.25 peratus dan dijangka kenaikan untuk kali ketiga sebanyak 25 mata asas lagi sekiranya diperlukan.Namun, ia bergantung kepada penurunan inflasi menjelang separuh kedua 2011. Inflasi di negara ini boleh dikawal dan diuruskan dengan baik, walaupun kerajaan mengurangkan pemberian subsidi. Ia hanya boleh dikawal sekiranya pengurangan subsidi itu dilakukan secara berperingkat-peringkat. Analisis telah dibuat oleh Bank Negara Malaysia (BNM) dan menunjukkan ia akan meningkat kepada tiga peratus atau turun kepada 2.9 peratus untuk masa ini. Hutang negara akan meningkat pada tahun itu sekiranya negara terus bergantung kepada pemberian subsidi kerajaan. Antara cadangan pengurangan subsidi membabitkan subsidi gas yang mengakibatkan peningkatan tarif elektrik, kenaikan kadar tol, caj hospital awam dinaikkan dan sebagainya. Kerajaan juga mencadangkan agar langkah mengurangkan subsidi petrol secara berperingkat dalam usaha menjadikan Malaysia sebagai negara berpendapatan tinggi dan maju. Malaysia merupakan salah sebuah negara yang memberikan subsidi yang banyak di dunia dengan jumlah subsidi sebanyak RM74 bilion pada 2009. Ia meliputi subsidi sosial sebanyak RM24.8 bilion, minyak sebanyak RM23.5 bilion dan makanan sehingga mencecah RM3.1 bilion. Sementara itu, kaji selidik BNM menunjukkan inflasi akan meningkat kepada empat peratus pada 2011 hingga 2012 dan berada sekitar tiga peratus selepas 2013. SITI RIZADIANA RAHMAT Gabungan Persatuan-Persatuan Pengguna Malaysia (FOMCA

Apa kaitan Defisit US dengan Ekonomi

Dear Reader, This letter was published in the Daily Breeze, a Los Angeles area newspaper on 2/6/11.

Our nation is on the brink of financial disaster. For every dollar our government spends, it brings in just 60 cents! The nonpartisan Congressional Budget Office last month said the U.S. deficit will hit $1.5 trillion this year, and there is no end in sight to these deficits. Already, every man, woman and child in America owes $45,300 and that number is growing fast. Just to pay the interest on our nation’s current debt takes $200 billion a year and that’s at all-time low, near-zero interest rates.

Why should you care? Because as an American you will pay it through much higher taxes and cuts in essential programs such as Social Security, Medicare and education. The alternative to higher taxes and slashed spending is for the U.S. government to keep printing money out of thin air, which will lead to rampant inflation and will wipe out the value of your savings.

Politicians are talking about “freezing” some costs and even cutting as much as $100 billion in spending. But don’t be fooled. Our debts are now so big, even cutting $100 billion amounts to just a half-cent on the dollar. Although we are going broke, politicians don’t even talk about the wars in Iraq or Afghanistan or the massive weapons programs because weapons and wars mean jobs and corporate profits.

Meanwhile, our job market is a disaster. Small businesses, which are our nation’s job engine, are sputtering and real estate foreclosures are rapidly rising. States, counties and cities are wallowing in debt with no idea how they will continue some essential services or how to pay pensions promised to their employees, even with massive potential layoffs.

What can you do to protect yourself? If you haven’t done so already, slash your overhead. Pay off or pay down your credit cards and if you can’t afford them, negotiate a settlement and lower payments from your credit suppliers. Sell any toys you don’t need such as an extra car or an unused boat or motorcycle. If you are planning to sell your home, do it now. Don’t wait for prices to fall further. And make yourself more valuable at work by cross-training and by finding ways to help your company make more money. Whatever happens, you need your job.

But if you are well off financially and can afford your home, then lock in today’s record-low interest rates with a 30-year, fixed-rate mortgage. And if you have other investment financings, lock them in as well, at long-term fixed rates.

America is in unchartered waters.

– Dick Kazan

Dollar Drops Versus Euro on Speculation Fed Won’t Raise Rates

Feb. 19 (Bloomberg) — The dollar fell against the euro for the first week in almost a month as the Federal Reserve signaled its dissatisfaction with job growth, bolstering speculation it will be slow to increase interest rates.
The greenback dropped against most of its major peers as lower-than-forecast retail sales and a rise in jobless claims damped demand. The Swiss franc surged as investors sought safety amid Middle East turmoil, while the pound rose against the dollar and euro on speculation the Bank of England will raise interest rates. The U.S. economy grew faster in the last quarter of 2010 than first estimated, data next week may show.
“The Fed reiterated that they will maintain a high bar for rate raises,” said Aroop Chatterjee, a currency strategist at Barclays Plc in New York. “Diminished expectations for rate hikes have been U.S. dollar negative.”
The dollar fell 1 percent to $1.3693 per euro in New York, the first weekly loss since Jan. 21, from $1.3554 on Feb. 11. Europe’s shared currency rose a second week versus the yen, gaining 0.7 percent to 113.90 and touching 113.92, the strongest level since Jan. 27. The yen had its first five-day advance against the dollar since Jan. 28, gaining 0.3 percent to 83.18.
The euro gained yesterday against most major counterparts after a European Central Bank Executive Board member, Lorenzo Bini Smaghi, said policy makers may need to raise interest rates as global inflation pressures mount.
‘Degree of Accommodation’
“As the economy gradually recovers and global inflationary pressures arise, the degree of accommodation of monetary policy has to be monitored and, if needed, corrected,” Bini Smaghi said in an interview with the daily newsletter Bloomberg Brief: Economics.
The ECB has held its benchmark interest rate at 1 percent since May 2009.
U.S. policy makers “continued to express disappointment in both the pace and the unevenness of the improvements in labor markets,” while also judging the recovery to be on a “firmer footing,” the Federal Open Market Committee said in minutes of its Jan. 25-26 meeting, released Feb. 16. They were divided over whether further evidence of recovery would warrant slowing or reducing $600 billion in U.S. debt purchases to spur growth.
The central bank has left its key rate at zero to 0.25 percent since December 2008 to support the economy. Analysts forecast the rate will rise to 0.5 percent by year-end, according to the weighted average in a Bloomberg News survey.
The dollar had the biggest loss this week, 1.4 percent, among 10 developed-nation currencies in the Bloomberg Correlation-Weighted Currency Indexes.
Krone, Franc Gain
Norway’s krone, a currency linked to oil exports, and the Swiss franc, considered a haven currency, gained the most, the indexes showed. They rose 2.1 percent and 1.9 percent as unrest surged in the Mideast and oil prices climbed.
Egyptian state television said yesterday Iran won permission to sail two naval ships through the Suez Canal in a move Israel called a “provocation.”
“The warships can increase tensions potentially between Iran and Israel, and since Israel is one of the U.S.’s closest strategic allies, that can weigh on the dollar,” said Joe Manimbo, a market analyst in Washington at Travelex Global Business Payments, a currency-exchange network.
Crude oil for March delivery increased 0.7 percent, the most in five weeks, to $86.20 a barrel in New York on concern supplies may be disrupted.
The franc gained for the week versus 15 of its 16 most- traded peers. It rose 3 percent, the most since Dec.3, to 94.46 centimes per dollar and was up 1.9 percent to 1.2935 per euro.
Top Performer
Norway’s krone was No. 1, climbing 3.2 percent to 5.6684 per dollar and touching 5.6654, the strongest in 13 months. It appreciated 2.2 percent to 7.7609 to the euro.
The 17-nation currency rose against the greenback on Feb. 17 as Labor Department data showed applications for unemployment benefits rose to 410,000 in the week ended Feb. 12, exceeding the 400,000 median forecast in a Bloomberg survey.
Retail purchases in the U.S. rose 0.3 percent last month, Commerce Department data showed on Feb. 15, the least since a drop in June. A Bloomberg survey forecast a 0.5 percent gain.
The U.S. economy expanded at a 3.3 percent annual rate from October through December, according to the median estimate in a Bloomberg survey before Commerce Department data due Feb. 25. The rate was estimated in January at 3.2 percent. It was 2.6 percent in the third quarter and 1.7 percent in the second.
Yields Fall
The yen strengthened versus the dollar this week as investors sought the safety of U.S. Treasuries, driving yields down and dimming the attraction of dollar-denominated assets. Yields on U.S. two-year notes decreased nine basis points, the most since the five days ended Sept. 17, to 0.75 percent.
Sterling climbed as pressure increased on the Bank of England to raise its key rate from a record low of 0.5 percent. A Feb. 15 report showed inflation accelerated to double the central bank’s 2 percent target. Bank Governor Mervyn King said the next day inflation will peak this year and ease in 2012. The pound strengthened 1.5 percent to $1.6253.
“Most commentators are at least mildly bullish on the pound,” said John McCarthy, director of currency trading at ING Groep NV in New York. “I’m not sure if it’s justified, because it’s based on rate expectations and King moderated that.”
China’s yuan reached a 17-year high versus the dollar on speculation the nation will allow faster appreciation to tackle inflation and appease trading partners who say it’s undervalued.
The yuan gained 0.21 percent to 6.5732 per dollar as Group of 20 finance ministers and central bankers opened a summit in Paris yesterday in an effort to agree on a common approach to global economic imbalances.
To contact the reporters on this story: Catarina Saraiva in New York at asaraiva5@bloomberg.net ; Allison Bennett in New York at abennett23@bloomberg.net
To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

Bacalah! EMAS mesti disimpan

Sedar tak sekarang ini keadaan ekonomi global dalam kekalutan! Sedar tak keadaan peperangan menjatuhkan pemimpin yang berlaku di kebanyakkan negara sekarang ini berpunca atas sebab harga barangan yang tinggi? Apa relatifnya? Harga barang yang tinggi dalam kes ini ialah berpunca atas 2 sebab. Sebab pertama ialah atas pemimpinnya yang tidak hiraukan rakyat dengan tidak berusaha untuk berbuat sesuatu atas kadar inflasi dalam negara. Ditambah pula atas sifat tamak pemimpin itu sendiri. Sebab kedua ialah harga barangan melonjak. Ini ialah sebab utama! Puncanya ialah inflasi dunia yang semakin menjadi- jadi yang sesetengah para ekonomi menjangkakan ianya bakal menjadi lebih teruk sehingga beberapa negara bakal menjadi bankrap. Sedar tak sedar Amerika kuasa utama dunia kini berhutang sebanyak USD23 TRILLION!

World Never Going to be The Same Anymore!
Anda mungkin tiada rasa apa-apa sekarang, kerana bagi anda kejatuhan ekonomi itu tidak mungkin atas sebab kita sudah berada dalam sistem ini sejak dari kita lahir lagi. Namun jika anda fikir sedalam-dalamnya: jika anda duduk di hadapan papan display di kedai money changer… Apa yang anda lihat? perbezaan matawang berdasarkan negara. apa yang pasti negara lemah sudah tentu kadaran tukar matawang nya juga rendah. Ini yang dipanggil eksploitasi. Kalau EMAS ? pergilah pelosok negara mana pun harganya tetap sama. Dengan sebab itu Nabi Muhammad S.A.W tidak melarang urusniaga dalam EMAS. adakah tuan-puan fikir kita berlaku adil dalam sistem matawang sekarang??

Ayuh sedarlah! kadar inflasi kian meningkat…. duit mengalami susut nilai atas sebab inflasi tersebut.. dan EMAS adalah jaminan untuk selamat dari kerugian besar. Rata-rata masyarakat dunia sudah sedar untuk menyimpan EMAS tapi anda…. ? korek lah..  usaha lah dan ikhtiar agar anda tidak terlewat sampai tak mampu lagi untuk menyimpan EMAS. masih belum terlambat.. EMAS dijangka mencecah USD 2000 Per aunce.

check this video