Putradinar | Malaysia

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This is an event organize by Islamic Banking and Finance students 09/10 to promote dinar and dirham beside revealing about the truth about what are causing all the economics problems around the world nowadays. Do come to this informative events to find out the truth and you won't regret it... We are opening our booth there... So make sure you all come and visit us at MULTIMEDIA UNIVERSITY MALACCA, MALAYSIA.

In this post I like to share with you why gold is so important. First i would like to ask why are you buying gold in the first place? If this is the first time you notice about gold or you have little knowledge about gold, please further your studies and ask someone that really know what he is doing. Before you been drag away with $$$, please see this video and think:







# Why is this happening? Like what I always said, all the post here is to inform your thinking, and only you can lead yourself and your so called money.

SOLDSOLD

Pawnbroking is a useful service during financial distress and very helpful for small budget gold trader.Just bring your valuable item, normally jewelery and you will get cash.There are two ways you can pawn your gold in Malaysia. Whether going to conventional pawnbroking or Islamic pawnbroking(Ar-Rahnu). Both of it can give you financial aid immediately but what make it differ from each other?

Islamic Pawnbroking(Ar-Rahnu)

• Example: Bank Rakyat ~ AgroBank ~ The Malaysian Islamic Economic Development Foundation (YPEIM)


• Loan Financing: 65% to 70% of the gold value(marhum)


• Loan Period: 6 month but there are extension period if can't redeem on time


• Pawn Product: gold wafer and jewelery


• Safekeeping Fees: RM0.65 to RM0.75 for every RM100.00 of gold value per month


• Eligibility: Malaysian citizens above 18 years, permanent residents and not bankrupt

Conventional Pawnbroking

• Example: just go through the yellow pages and you find a lot :)


• Loan Financing: normally your gold will be under-valued below 50% of its actual
  value


• Loan Period: 6 month with extension period not less than 3 month


• Pawn Product: almost anything that valuable


• Interest Rate: 2% of the loan permonth(24% peryear)


• Eligibility: not sure

# I will go with Islamic Pawnbroking because these Islamic financial institutions don’t make profit from interest, but from the safe-keeping fees. You may get a better rate from banks compared to conventional pawn shop.

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.