Abu Bakar Abi Maryam melaporkan bahawa beliau mendengar Rasulullah s.a.w telah bersabda :

"Akan tiba suatu zaman dimana tiada apa yang bernilai dan boleh digunakan oleh umat manusia. Maka simpanlah dinar dan dirham (untuk digunakan)"

Musnad Imam Ahmad Ibn Hanbal
Sunday 25 September 2011
September 24, 2011
The drop in gold price was the worst since the 2008 banking crisis. — Reuters pic
NEW YORK,  Sept 24 —  Gold prices slumped more than US$100 (RM300) an ounce yesterday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.
Written by Lim Siew May of theedgemalaysia.com    

KUALA LUMPUR: Gold’s reign as a safe haven investment is strengthening. The price of the precious metal has almost doubled within a year — it was traded at only US$1,192.51 (RM3,584.69) an ounce a year ago and hit a high of US$1,800 an ounce on Aug 11.
As an investment, gold is held mainly for capital appreciation. But its popularity and security has prompted lenders to create a new mode of financing. Islamic pawnbroking schemes offered by Bank Rakyat and Agrobank allow borrowers to use gold coins or jewellery as collateral. Designed to adhere to Islamic laws, borrowers pay a safe-keeping fee, as opposed to a compounding interest rate.
Friday 23 September 2011
A recently released WikiLeaks cable shows that China is converting much of its foreign holdings in gold; far away from the U.S. dollar.
A majority of China's gold reserves are located here in the U.S and in some European countries.
While the U.S. and Europe have an alternative agenda to dissuade people from viewing gold as an international reserve currency, China's upping their ante. In doing so, China aims to push other countries towards reserving in more and more in gold; leaving the U.S dollar by the wayside.
1) Economy
The U.S. manufacturing base has been shipped overseas. The few jobs being created are in the service industry or government sector. The official unemployment rate hovers near 10%, and 1 out of every 8 Americans is on food stamps. The 2008 economic implosion destroyed the real estate market, sent foreclosures skyrocketing, and swallowed up a nearly $1 trillion bailout... and yet, most experts predict the worst is still to come.
Wednesday 14 September 2011
DEFINASI ZAKAT
Dari segi bahasa:
 Kebersihan, kesucian dan memperbaiki
 Kesuburan dan pertambahan
Dari segi istilah syara’ :
Mengeluarkan sebahagian dari harta tertentu untuk diberikan kepada orang-orang yang berhak menerimanya apabila telah memenuhi syarat-syarat yang ditetapkan.
Monday 12 September 2011
LONDON (Reuters) - The euro and growth-linked currencies may fall on Monday, hit by a lack of concrete measures from Group of Seven finance chiefs to address either faltering growth, the escalating euro zone debt crisis, or exchange rate volatility.
The dollar, yen and, to a lesser extent, Swiss franc are set to advance with more investors seeking safe-haven currencies on the back of rising financial market stress.
That will raise the risk of more solo intervention from Japanese and Swiss authorities.
The flight to safety should drive core government bonds like German Bunds and British gilts higher, leading to wider spreads over euro zone peripheral debt, while European banking shares may ease on mounting worries about contagion engulfing bigger economies like Italy and Spain.
Finance ministers and central bankers from the Group of Seven industrialized nations pledged to respond in a concerted matter to a global slowdown. However, they offered no specific steps and differed in emphasis on Europe's debt crisis.
Hedge funds run by Orix Investment Corp., Superfund and Four Elements Capital Management Pte benefited from the surge in gold last month, weathering the U.S. sovereign downgrade and Europe’s deepening debt crisis.
The Orix Commodities Fund, which uses computer programs to search for price signals in futures markets, gained 3.5 percent in August, while Superfund Blue Gold, which invests in global equities and tracks the bullion price, jumped 13.45 percent, the firms said. Gold investments in the Earth Element Fund, run by former commodity traders at BNP Paribas (BNP) and JPMorgan Chase & Co. (JPM), returned 1 percent, helping trim losses in the fund.
Gold surpassed $1,900 an ounce for the first time in August as investors sought protection for their wealth on concerns that global economic growth is slowing. The Eurekahedge Hedge Fund Index lost 1.9 percent in August and the MSCI World Index slid 7.3 percent, their worst month since May 2010.
“Gold has become a very volatile asset class so if you’re good at trading through the volatility you can profit from it,” said Peter Douglas, principal of Singapore-based GFIA Pte, which advises investors seeking to allocate money to hedge funds and runs a wealth-management business.

(Reuters) - The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.
Central banks in Indonesia, Malaysia and the Philippines said on Thursday that inflation pressures were abating, and predicted they will get more relief as the weakening world economy chills demand.
This is not a sure bet. It assumes that a large portion of the price pressure emanates from abroad rather than from domestic demand, which may not be the case in countries such as China where growth remains strong.
But a look back at the 2008 financial crisis shows that many Asian countries are in a better position to respond to another downward spiral now should the need arise.
Even though inflation is running too hot for comfort across the region, it is lower now than it was in 2008 for some economies, including Indonesia and the Philippines.


MILAN | Fri Sep 9, 2011 8:18pm IST
(Reuters) - Gold demand, which dropped in the second quarter of this year, is expected to strengthen by the end of 2011, driven by robust jewellery buying in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said.
Overall gold demand fell 17 percent year-on-year in the three months from April to June to 919.8 tonnes, hammered by a sharp drop in investment demand which offset a tentative recovery in jewellery buying, the gold mining industry-funded WGC said in August.
Sunday 11 September 2011
Posted by Wealth Wire - Friday, September 2nd, 2011

Gold is for wealth preservation and silver is for bartering. If we are talking about protecting wealth in the amount of several million dollars then a good spread to own in precious metals would be 80% gold and 20% silver. If we are talking about a “Mad Max” scenario where we are trying to set ourselves up for a black market bartering system then a good spread would be 75% silver and 25% gold. I will leave it to you to determine what would be an appropriate ratio for you based on the assets you are trying to protect.
gold graph 9 2

Posted by Brittany Stepniak - Thursday, September 8th, 2011

It's wedding season in India and nothing says "I love you" like a beautifully, ornate golden necklace or a shiny block of solid investment.
                    gold necklace
The demand for these physical gold commodities are sky-rocketing as gold prices dipped yesterday after setting another new all-time record high earlier this week.
On Tuesday September 6, 2011, 10:07 am EDT

Gold is up 1.7%, or $32, to $1,909 an ounce after the  Swiss National Bank  capped the  Swiss franc   exchange rate with the euro at 1.20. Investors are also pouring into the alternative currency as Eurozone markets fell hard yesterday and U.S. markets are opening down over 2%. Italy tumbled 5.3%, Germany fell 5.5% and France dropped 4.9%.
Investing Insights: Will Gold Become Collateral for a Euro Zone Bailout?
Relatedly, Wall St. Cheat Sheet Chief Commodities Analyst Eric McWhinnie examined a new  Wikileaks  release revealing the thought process behind gold and fiat currencies such as the U.S. Dollar and Euro .  The new release says, “China increases it gold reserves in order to kill two birds with one stone.  The China Radio International sponsored newspaper World News Journal (Shijie Xinwenbao)(04/28):

SINGAPORE: The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.

Central banks in Indonesia, Malaysia and the Philippines said on Thursday that inflation pressures were abating, and predicted they will get more relief as the weakening world economy chills demand.

This is not a sure bet. It assumes that a large portion of the price pressure emanates from abroad rather than from domestic demand, which may not be the case in countries such as China where growth remains strong.

As the dollar continues its fall against other world currencies, it makes imports and foreign travel more expensive for Americans. But some investors have cashed in on the trend -- by investing in mutual funds and ETFs that trade in currencies.
Currency exchange-traded funds and mutual funds -- all of which bet on the dollar's movement against one or more currencies -- are growing quickly, though still a niche product. In the first seven months of the year, they took in nearly $2.8 billion in new cash from investors, sending their assets up 37% from the year before, according to Morningstar Inc.
Most of these funds bet against the dollar, which fell 6.2% this year, through August, against a broad basket of currencies including the euro, the Japanese yen and the Swiss franc.
"I am sitting inside the truck, watching a screen. The truck reels the tool back up out of the hole, slowly - more slowly than if you were reeling it in by hand - and foot by foot, the tool passes through all that dark mystery of time, emitting signals and picking up signals. I watch the tool's response to the formations it passes through on my screen, little green blips of radioactivity, and like an EKG, each blip indicates something...
By Renisha Chainani
Gold keeps finding new catalysts to rise and hit record highs every time. On 2nd August, despite news reports showing Republicans and Democrats are on the verge of resolving the debt-ceiling issue, it rose to view records of $1660.

Many of us anticipated a temporary correction lower in Gold when the deficit-ceiling impasse ended, because Gold had ran up roughly 10% from 1st July to entire month, a period when the debt-ceiling gridlock and potential for a default increasingly dominated headlines.
Commodity Online
Price forecast: Q3 11: $1725/oz; Q4 11: $1875/oz; 2012 annual average: $2000/oz

Gold prices tested fresh all-time intraday highs before dipping below $1800/oz this week; however the macro environment has become increasingly Gold favourable with central banks keeping interest rates unchanged, the SNB's (Swiss National Bank’s) decision to limit the strength of the CHF and continued uncertainty surrounding the state of the global economy. Good physical demand has emerged from price dips, and other central banks have announced they will add to their gold reserves. In turn, barring short-term corrections, we remain positive on gold.

NEW DELHI | Sat Sep 10, 2011 9:21pm IST


(Reuters) - In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal.
Daniel's wife owns at least a kilogram of jewellery and he sports a gold watch. But he is also shrewd enough to realise that the world's biggest gold consumers are falling out of love with wearing their wealth, preferring to stock up on coins, bars and bullion-based investment funds as they look for returns safe from the ravages of inflation and the dictates of fashion.
Last updated on 8 September 2011 - 07:32pm
LONDON (Sept 8, 2011): Gold bounced back on Thursday as the previous session's dramatic 3% price slide tempted physical bullion buyers back to the market, with concerns over euro zone debt and the US economy firmly underpinning interest.
Financial markets are keenly awaiting key speeches on the US economy from President Barack Obama and Federal Reserve chairman Ben Bernanke later, and the outcome of the latest policy meeting of the European Central Bank (ECB).
Thursday 8 September 2011
Gold Bugs, Gold Bears and Melting Down Grandma's Ring - DailyFinance
Wednesday 7 September 2011
Emas dan perak adalah merupakan logam galian yang berharga kurniaan Allah SWT. Ia merupakan hasil bumi yang banyak manfaat kepada manusia dan manusia pula menjadikannya nilai tukaran wang bagi segala sesuatu. Sementara syariat pula mengibaratkan emas dan perak sebagai sesuatu kekayaan alam yang hidup dan berkembang. Syariat juga telah mewajibkan kedua-duanya boleh digunakan dalam bentuk wang atau kepingan, bekas bejana, cenderahati, ukiran atau perhiasan.
Tuesday 6 September 2011
Commodities - Oil, Silver and gold prices - CNNMoney
5 reasons gold is headed for $3,000 - 1 - investing strategy - MSN Money
Monday 5 September 2011

Perkataan karat diambil dari perkataan Latin iaitu kerátion (??????o?), atau dari perkataan Arab q?r?? (?????) dan juga dari perkataan Itali carato, yang bermaksud Biji Kacang Carob, Pada waktu dulu sebelum timbangan gram, oz atau mana2 berat standard digunakan, orang-orang tua kita menggunakan biji kacang carob (dikhabarkan setiap bijinya adalah sama walau dimana ia tumbuh) sebagai timbangan berat. Mengikut persamaan , 1 karat adalah bersamaan dengan 24 (berat emas)/(berat total item).

Mengikut pengetahuan hari ini taburan penemuan emas utama di Semenanjung Tanah Melayu terdapat di Jalur Tengah, iaitu dari Batu Melintang di Kelantan, menuju ke selatan melalui Sokor, Pulai, Selinsing, Raub, Chenderas hinggalah ke Gunung Ledang di Johor. Jumpaan terbaru dibuat di Jalur Timur iaitu di kawasan Mersing di Johor dan Lubuk Mandi di Terengganu.
Perlombongan emas di Malaysia hanya terhad di beberapa kawasan sahaja, ia dikenali sebagai Jalur Tengah yang terbentang dari kawasan tanah tinggi Batu Melintang, Jeli, Kelantan, sehingga Gunung Ledang di Johor. Lombong terbesar yang masih aktif di Malaysia adalah di Penjam,kuala lipis, ia mengeluarkan hampir 95% pengeluaran emas Malaysia. Tempat lain yang masih aktif adalah di Kuala Selinsing, Damar Reef dan Tersang di Pahang . Selain itu masih ada 5 lagi lombong di Jeli dan 6 lombong sekitar kawasan raub, kuala lipis di Pahang masih digali untuk aktiviti perlombongan komersial.


images 7 80x106 20 Sejarah emas di MalaysiaDalam kitab purba hindu dan Budha seperti Ramayana, Purana dan Raguwamsa, pendeta-pendeta hindu memanggil Semenanjung Malaysia sebagai semenanjung emas (suvarnabhumi) iaitu merujuk satu kawasan di Nusantara bagi mendapatkan bekalan emas ketika Tamadun Aryan memerintah di India.

Di dalam naskah Buddha yang paling tertua juga iaitu Jataka ada menceritakan perjalanan pelaut-pelaut India Kuno berlayar hingga ke Suvarnabhumi.

SEOUL 2 Ogos – Korea Selatan memperuntukan lebih AS$1 bilion bagi pembelian pertama emas dalam tempoh lebih sedekad ekoran ketidaktentuan pertumbuhan global dan tekanan hutang berdaulat bank-bank pusat dunia untuk mempelbagaikan rizab asingnya.

The golden constant

Gold coins













Since the 14th Century, gold’s purchasing power has maintained a broadly
constant level.To put this in practical terms, an ounce of gold has repeatedly
bought a mid-range outfit of clothing.This was true in the fourteenth century,
when an ounce of gold was worth £1.25 to £1.33;it was true in the late 18th
century and it remained true at the beginning of this century (2000 to 2008),
when an ounce of gold averaged £269 or $472. Even the exchange rate
between gold and commoditieshas been relatively constant over the centuries.
On the other hand, the US dollar that bought 14.5 loaves of bread in 1900 buys
only 3/4 of a loaf today.While inflation and other forces have ravaged the value
of the world’s currencies, gold has emerged with its capacity for wealth
preservation firmly intact. Being no-one’s liability, gold exhibits the same wealth
preserving qualities in the face of financial turmoil, earning a reputation as a
crisis hedge in addition to its credentials as an inflation hedge.
The Golden Constant: The English and American Experience 1560-2007
by Roy W Jastram with updated material by Jill Leyland.
Published 2009 by Edward Elgar Publishing Ltd
(www.e-elgar.com), hardback, 368 pages, ISBN: 978 1 84720 261 1.
Sunday 4 September 2011
MANILA, Philippines - Conglomerate First Pacific Co. Ltd. is looking to acquire gold and coal assets in Indonesia, managing director and chief executive officer Manuel V. Pangilinan said last week.
The move comes more than a year after First Pacific effectively gained control of Philex Mining Corp., the Philippines’ biggest gold producer. If successful, it could also be First Pacific’s next major acquisition outside the Philippines.
  • * Spot gold pulls back from record high; buying robust
    * India yet to make bulk purchase for wedding season
    By Rujun Shen
    SINGAPORE, Aug 24 (Reuters) - Gold buyers rushed into Asia's physical market on Wednesday, after prices retreated from the record high hit in the previous session, as investors maintained interest in bullion due to a shaky global growth outlook.
Reuters Aug 31, 2011, 01.30pm IST
SINGAPORE: Gold premiums in Singapore and Hong Kong rose on growing appetite for physical gold from Asia's investors, after prices fell off a record above $1,900 hit last week.
An upcoming festival and wedding season in India and a week-long holiday in early October in China are expected to help boost gold appetite.
"Prices came down from the peak last week -- this is the main cause behind the buying," said a Singapore-based trader, adding that most buying came from households seeking to use gold to hedge against inflation and economic uncertainties rather than jewellers.
By SARAH DILORENZO
NEW YORK - For what is normally a sleepy month, there are so many customers at the Gold Standard, a New York company that buys jewelry, that it feels like Christmas in August. Uncle Ben's Pawn Shop in Cleveland has never seen a rush like this.
Welcome to the new American gold rush. The price of gold is on a remarkable run, setting a record seemingly every other day. Stomach- churning volatility in the stock market this month has only made investors covet gold more.
Jobs report pushes traders to gold - Sep. 2, 2011
Saturday 3 September 2011
LONDON, Sept 2 — Europe’s most indebted nations are under heavy pressure from their richer neighbours to sort out their finances, but they are unlikely to mimic the impoverished gentlefolk of old by selling off the family silver — or in their case, gold — to do so.
More than 750 tonnes of gold are currently sitting in the state coffers of Portugal, Greece and Spain alone, equal to about 17 per cent of the 2010 annual supply of bullion from mining and sales of scrap.
Despite struggling with massive debt burdens and in some cases accepting multi-billion-euro bailout packages, the so-called PIIGS — the countries above, plus Ireland and Italy — have not dipped into their gold reserves to service that debt.
Thursday 1 September 2011
osted by Andrew Mickey - Tuesday, August 30th, 2011

Gold's incredible run has been a bit too far too fast for most investors.
Gold is up 54% in the past year.
That’s a big gain in any market. And from what recent history has taught most investors, that’s too far, too fast.
That's what I wrote last week...Gold prices fell about 10% in the next 48 hours.
But gold investors shouldn’t be too concerned about the short-term swings of the volatile gold market...
They should be focused on what’s really going on in the financial world — and how it will propel gold to currently unthinkable levels.
You're now thinking about gold.
We all are. (It's up $46 today).
And if you don't already own some — with global forecasts worsening by the day — you're seriously contemplating it.
Or at least, you should be...
Something changes inside a person when they feel the weight of that first bar or bars in their hand. It's not the shininess or surprising density; it's a feeling of security that washes over you as you hold — in your own palm — a building block of civilization.
It's magical.
Imagine a scenario where every time gold gains just 1%, you make 2%... A 25% gain pays 50%... a 100% gain pays 200%... a 500% gain pays you 1,000%...
  • Forbes says, "Just accept inflation and start making money"
  • Wall Street Journal reports, "[It's] recent ascent is enough to give some vertigo"
By Luke Burgess and Adam Sharp
The Gold-Silver Ratio
If you average out the price ratio between gold and silver (how many ounces of silver an ounce of gold will buy) throughout history, you land on a single magical proportion: 16 to 1. This chart is slightly outdated, but gets the point across nicely.
silver versus gold
And even experts who do not subscribe to fixed pricing relationships generally agree that a price ratio of 20 to 1 should be considered normal.
Posted by Ian Cooper - Thursday, December 16th, 2010

From Mineweb.com:
"While recent statistics show that China's gold imports have risen dramatically this year, despite China itself being the world's largest gold producer with mine production still rising to, anecdotal evidence suggests that this may just be the tip of the iceberg as Chinese people are, apparently, rushing to buy gold as an inflation hedge.
Posted by Adam Sharp - Tuesday, July 5th, 2011

gold vending machine
Gold vending machine operator Gold-to-Go has installed its first machine in London.
From The Telegraph:
The company behind the gold bar vending machines plans to install 50 across Britain over the next few years, allowing ordinary shoppers to invest in the precious metal as an investment.
Wealth Wire - Tuesday, August 30th, 2011

The dollar gold bullion price leapt 2.2% in less than an hour Tuesday lunchtime London time, hitting $1832 per ounce – still 4.2% off last week's all-time high – while commodities fell, US Treasury bonds rose and stocks were mixed as Greek debt worries affected the Eurozone.
"Conventional wisdom is that bullish sentiment on equities would mean bearish sentiment on gold," reckons one gold bullion dealer here in London.
Posted by Brittany Stepniak - Wednesday, August 31st, 2011

Gold switched back and forth between gains and losses today as U.S. stocks climbed for a fourth day.
On the Comex division of the New York Mercantile Exchange, gold just recently traded at $1,833.10 per ounce, gaining 0.2 percent, up $3.60.
Overall, gold has gained approximately 12 percent in the month of August and 30 percent over the course of the year. And analysts say the $1800-mark is a psychologically important number, showing investors still have serious doubts about a rebounding stock market.

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