Putradinar | Malaysia

This Blog Is About Gold | Emas and Ways To Own Gold Bar and Gold Dinar.

May 23, 2009

Gold ATM in Germany?

Posted by PutraDinar


Article below is a summary of a news article from Reuters & Marketskeptics, Tuesday May 19.

THE ATM

Early this week,private investors in Germany been told that they should hold up to 15 percent of their wealth in physical gold, according to a German asset management company which plans to set up 500 "Gold-To-Go" ATMs in Germany, Switzerland and Austria this year.

  • A gold-dispensing automatic teller machine (ATM) was on display at Frankfurt's main railway station for a one-day marketing test on Tuesday.


  • A one-gram (0.0353 ounce) piece of gold, the size of a child's little fingernail and about as thin, cost 31 euros ($42.25) - a 30 percent premium to the spot market price.


  • The flat rectangular piece, bearing the imprint of Belgian metals and speciality materials firm Umicore (UMI.BR), came out of the cash-only ATM in a tin box, including a certificate of authenticity.


  • "This is more than a marketing gimmick," said Thomas Geissler, chief executive of TG-Gold-Super-Markt.de, the company planning to set up the 500 gold ATMs at a cost of 20,000 euros apiece.


  • "It is an appetizer for a strategic investment in precious metals. Gold is an asset everyone should have, between 5 and 15 percent of your liquid assets in physical gold," he told Reuters in an interview.

DEMAND

Private investor demand for gold is on the rise in Germany and elsewhere as a result of the financial markets crisis, which has made many investors wary of holding traditional assets such as equities, bonds or mutual funds investing in such securities.

  • "In absolute numbers, the demand for physical gold is still tiny in Germany," Geissler said. "But in relative terms, the growth is explosive, inquiries have been doubling every six weeks," Geissler said of the trend in recent months.


  • TG-Gold-Super-Mark.de's main precious metals business idea is based on online commerce.


  • The gold ATMs to be set up at central locations such as airports, railway stations and shopping malls are intended to gradually accustom people to the idea of investing in physical gold, Geissler said.


  • The ATMs will dispense 1-gram, 5-gram and 10-gram pieces of gold as well as Krugerrand gold coins. Each ATM can hold up to 1,500 pieces, he said.


  • The company's internet website (www.gold-super-mark.de), through which investors can purchase units between 1 gram and 1,000 grams, is updating precious metals prices every 10 minuntes.


  • The ATMs will be equipped with technology ensuring that the prices charged by the ATMs keep pace with those on the website.


  • TG-Gold-Super-Markt.de is a subsidiary of German online investment fund company INFOS GmbH founded in 1994. INFOS now manages 170 million euros worth of assets on behalf of about 5,000 customers.


# So, why this is happening in Germany till an asset management company plans to set up 500 "Gold-To-Go" ATMs in Germany, Switzerland and Austria this year?
  • this is simply because these gold ATMs are to fulfill the demand for physical gold. As major currencies collapse(dollar, pound, yen & etc), gold will soar as it regains its status as 'cash', in the mind of people around the world.

May 17, 2009

Koperasi Usahawan Emas Malaysia Berhad

Posted by PutraDinar


Now there is one more way to invest your money in gold.

Koperasi Usahawan Emas Malaysia Berhad (KUEMAS) is making their ways towards establishment in Malaysia.The establishment of this co-operative society is to increase gold ownership for each member cooperatives and give dividend return / profit to all member by fund collection for investment purposes in gold.

KUEMAS promotes several products like below:

  • Elderly Savings Scheme

  • Dinars Savings Scheme

  • Investment Savings Scheme Dinars

  • Youth Savings Scheme

  • PasarDinar (e-trading)

  • PasarDinar (live trading)

  • KUEMAS's Membership Card


# For more info about KUEMAS you can called me at 012-6996111 or just kindly visit KUEMAS website @ http://kuemas.wordpress.com

May 15, 2009

$1,300 in 2010?

Posted by PutraDinar


Article below is a summary of an article from BullionVault, Wednesday, May 13

A senior figure at JP Morgan Chase & Co claimed yesterday (May 12th) that Gold Prices could be as high as $1,300 per ounce in 12 months' time, Bloomberg reports.
The yellow metal has enjoyed a strong performance since the beginning of the credit crunch as people have bought it in their droves in an attempt to find a store of wealth.

However, Jan Loeys, global head of marketing strategy at the firm, has explained that the tide is turning and Gold Investment looks set to rise for another of its qualities - providing a hedge against inflation.
He told the news provider: "Over the next year or so, we think we are going to be crossing $1,000, probably going ultimately to $1,200, $1,300 just for inflation hedging and lack of supply.

"The buying we are seeing now in commodities is really hedging, hedging off the potential risk that we will see a spike in inflation."
Mr. Loeys' views were strongly backed up recently by Warren Buffett, the renowned investor and second-richest man in the world, according to the latest Forbes magazine data.

Speaking at the annual shareholders' meeting of his Berkshire Hathaway investment vehicle in Nebraska, he explained that the huge fiscal output in response to the recession will see the dollar slide in the coming months.

"What we are doing is borrowing from the rest of the world and building up government debt," he said. "The classic way of reducing the impact and cost of foreign debt is by reducing the value of the dollars you're going to repay them with.

# The highest point for today is $934.05

May 9, 2009

Look to gold, bank tells investors...

Posted by PutraDinar

Article below is a summary of a news article from The Sun, Tuesday May 5.

Early this week, CIMB Private Banking gave an advice to its high net worth clients to invest in gold. Its co-head Alan Inn said gold is an effective portfolio diversifier due to its lack of correlation when held up with other assets. He said that most investment portfolio mainly focus on traditional financial asset like stocks and bonds. Below are the reason that he gave for his statement:

  • There is a need for diverse portfolio investment to protect the portfolio against fluctuations in the value of any single asset class.


  • Gold is an unique asset class on its own and has long achieved its status as a safe heaven investment in times of 'financial and geopolitical stress'.


  • Gold has been an excellent hedge against inflation and currency values for the last 30 years and also been stabilizes one's investment regardless of 'cyclical factors or economic conditions'.


  • Investment in gold can be in the form of gold bullion, Exchange Traded Funds, gold futures or stocks.


# Now, do you think that only rich people with high net worth investment portfolio should invest in gold?

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