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have u bought ur physical gold yet? or are u holding fiat money that can be printed and reproduced time n time again..

Germans Lead Gold Rush Frenzy!

...people “are not as dumb as economists. They believe there is going to be inflation and are buying gold to protect themselves.”

The public is slowly but surely waking up to the reality of a global currency crisis. Fiat currencies worldwide are being debased. As the major currencies: USD, Euro, Yen, Swiss Franc, UK Pound are devalued in cycles, other currencies will feel the market pressures for competitive devaluations. Take for example the Asian Tigers: Taiwan, S. Korea and Singapore, if they maintain a strong currency as the major currencies fall in value, their economies will be affected. They will lose export competitiveness and jobs. The problem is made worse by the Chinese Yuan peg to the USD. As the USD drops in value, the Asian Tigers will find it even more difficult to compete with China!
The reality is: all fiat currencies are being devalued against gold. Gold is making record highs in all currencies. Gold is the insurance against a global race to bottom for fiat currencies! The Germans and many Europeans are waking up to this reality and rushing to buy gold. FT reports: (emphasis mine)

14 May 2010 (Financial Times) — The telephone has not stopped ringing at the Rand refinery in South Africa this week. Panicking German dealers and banks have been desperate to get their hands on krugerrands… The refinery, which usually sells 2,000 coins to each customer at a time, says that last week it received an order from one German bank for 30,000 coins. Another bank requested 15,000 coins…

Frank Ziegler, head of precious metals at BayernLB, one of Germany’s largest wholesale suppliers of gold, says: “People are buying krugerrands like crazy.” The frenzy pushed gold prices to a nominal high of $1,248.95 a troy ounce on Friday while the euro price surged through €1,000 an ounce for the first time. Adjusted for inflation, however, gold prices are still a long way from their all-time high above $2,300 an ounce in 1980.

Although coins account for a small part of the market, they are one of the best indicators of investor sentiment towards the precious metal… …
Other important factors are supporting prices: institutional investors are pouring billions into bullion-backed exchange traded funds; central banks have reversed 20 years of selling gold; some, including the Chinese central bank, are buying it; and mine gold supply growth has stagnated.
…..
there is no indication that Germans are ready to stop buying. Panicked by the possible inflationary implications of this week’s €750bn bail-out, they have been snapping up gold coins and small bars at a faster rate than in the aftermath of the Lehman Brothers bankruptcy.
…..
The European Central Bank says its government bond purchases will be “sterilised” by operations to remove inflation risks. But Martin Siegel, manager of Westgold, a dealer of gold in Frankfurt, says people “are not as dumb as economists. They believe there is going to be inflation and are buying gold to protect themselves.”

German investors are notoriously wary about inflation. While few are old enough to remember the hyperinflation that wrecked Germany during the Weimar Republic in the 1920s, the episode remains etched into the national psyche: archive film from the period has been running on the news in recent days.

The appetite for coins has been so intense that shortages are developing. “In the European market there is a shortage of krugerrands,” says Mr Ziegler. As a result, the premium paid for krugerrands in the secondary market has risen from about 2 per cent to 6-8 per cent.

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18-May-2010 10:30

SoundGlobal / Epure International

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Sound Global Limited, BUY S$0.81, Bloomberg: SGL SP
Growth on track
Price Target : S$ 1.20
By: Ai Teng Tan +65 6398 7967

At a Glance
·                 1Q10 PATMI of RMB45.6m forms 12% of FY10F

·                 Expect stronger 2H with more contracts flows

·                 HK dual listing proceeding but could be delayed considering weak market
sentiment

·                 Reiterate Buy, TP S$1.20 offers 48% upside

Comment on Results
Sound Global (SGL) announced a 148% y-o-y rise in headline profit to
RMB45.6m despite additional RMB7m expenses relating to its dual listing in
HK. Excluding forex and one-offs, core profit was up 45% as revenue jumped
73% to RMB234m. Gross margin of 29.9% was a shade lower than our forecast
but relatively stable to FY09’s 29.9%. Sales growth was attributed to1)
equipment sales (Hi-Standard), which we believe tripled to RMB33.6m from
RMb8m in 1Q09; 2) stronger O&M contribution of RMB2.6m and 3) 55% growth in
turnkey services (EPC).

Stronger growth in 2H10 as 1Q is typically the weakest quarter for SGL.
Post Q1, we estimated order backlog to be around RMB1.1b, which would
further increase as new contracts flow in through the year. YTD, SGL has
announced RMB244m of new municipal contracts, compared to our RMB1bn
forecast for FY10F. Balance sheet continued to strengthen with RMB10m added
to net cash of RMB1.02bn as at end 1Q. In addition to this strong kitty,
SGL has secured USD600m of credit line from China Merchants Bank to
accelerate its expansion into capital intensive BOTs.
Recommendation
Reiterate Buy. Although growth and its solid fundamentals have remained
intact, shares of SGL have weakened in the past months amid broad market
weakness and perhaps the delayed dual listing in HK. Our market checks
indicated that SGL’s dual listing is proceeding. Hence, we see this
weakness as an opportunity for investors to accumulate the stock. Maintain
Buy with TP of S$1.20 (26x FY10F, pegged to average PE multiple of HK
peers).

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18-May-2010 10:07

SoundGlobal / Epure International

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gotta break 83..to FLY to the sky..

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18-May-2010 09:58

SoundGlobal / Epure International

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CHIONG AH!!!! 82.5!!!

good thing we accumulate below 80c..hahaha

Hulumas ( Date: 17-May-2010 20:39) Posted:

ME TOO!

ozone2002 ( Date: 17-May-2010 09:58) Posted:

soundglobal delivered very good results..

vested more @ 79.5c.. go lower i buy even more..

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18-May-2010 09:28

Anwell Tech / When it will move?

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vol so thin.. even tom harry's dick also can manipulate..

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18-May-2010 09:24

GLD USD / Gold going up this year?

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if there's confidence in the EURO y bother panic buying gold?... ponder ponder..

Wait until you see the U.S. gold fever

Gold shops in Europe out of stock due to panic buying

It is increasingly difficult to get physical gold or silver in Germany, where the biggest buying stampede ever registered is taking place. Especially smaller online shops for precious metals didn´t have enough stock to cope with the demand, but even the biggest retailers warn of long waiting times and shortages

Pro Aurum, one of the leading online shops for bullion in Germany, is displaying a “shop closed” message since Thursday. The leading German bullion website “Goldseiten.de” announced an enormous surge in visitors, which their four web servers couldn´t handle at the peaks. According to their statement, the demand of gold investors is now significantly stronger than after the Lehman collapse, even while the gold price is twice as high now. But the shops are better prepared this time and it is still possible to buy coins and bars at some places, which is also credited to the fact that the panic is limited to Europe at the moment.

This is confirmed by the Australian Mint, announcing that they sold 243,500 OZ of physical gold during the last two weeks, more than in the entire first quarter. The orders came nearly exclusively from Europe and the Australian Mint sees signs of “panic buys”.

It seems that the emergency trillion dollar rescue package of the Euro zone and the IMF sparked a deep rooted fear among European investors. Open criticism towards the measures from countless senior analysts and retired central bankers, warning of high inflation, didn´t help to calm down people. The Euro dropped to new lows to the USD while the gold price reached a new record high in both currencies. The gold price in euro is at an all time high of 990 EUR and close to go to uncharted four-digit territory.

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17-May-2010 17:35

GLD USD / Gold going up this year?

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those with paper / fiat money will be standing outside breaktalk with a wheelbarrow full of paper

money...

the ones with gold, own breadtalk.. :)

alexchia01 ( Date: 17-May-2010 16:33) Posted:

Why do you think hyperinflation is coming?

I understand we'll have inflation because as more money are printed, commodities price goes up.

But, Hyperinflation is a very serious problem.

It is when everyone has loss hope in paper currencies and dumping them for commodities.

Although right now, the Euro is badly beaten down, but I don't think the world will not be abandon it. At least not in a situation like this one.

A sudden fall in Euro could spark an hyperinflation, but the world can afford a hyperinflation or any government will allow it.

If an hyperinflation occurs, you and I'll be queuing outside breadtalk, buying a loaf of bread for hundreds or thousands of dollar.

ozone2002 ( Date: 17-May-2010 14:58) Posted:

watch this video called "meltup" by the National Inflation Agency from the US..

u'll know inflation n hyperinflation is coming our way..

only way to protect/ preserve wealth is by buying precious metals..

good luck to those who are holding cash or fiat money..

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17-May-2010 17:07

Straits Times Index / STI to cross 3000 boosted by long-term investors

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No wonder geylang so clean... haha <>

40,000 prostitutes heading for the World Cup

Sun, May 16, 2010
The Daily Chilli

At least 40,000 prostitutes from around the world are making their way to South Africa hoping to make a fortune from soccer fans at the World Cup that kicks off next month.

Authorities have predicted the influx of sex workers to greet at least 500,000 foreign fans, according to Christian Science Monitor.

Most of them are from South Africa's impoverished neighbouring countries. Not just that, a hotel boss has also revealed that prostitutes have arrived from as far away as China, Venezuela and Pakistan.

Human rights activists warn that many of the women have been trafficked.

They have also urged hotels to shun the sex trade.

In extremely poor parts of Zimbabwe, some women have left their husbands to travel to South Africa.

"Marriages are fast breaking up with women choosing to stay alone in South Africa's hotels and lodges," a villager in southern Zimbabwe tells the Christian Science Monitor.

"But the most unfortunate part, is what are they going to do after the World Cup?"

The event is no stranger to sex trade. The 2006 World Cup in Germany, where brothels and prostitution is legalised, brought on an influx of about 40,000 sex workers and a lot of criticism from rights groups.

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17-May-2010 16:25

Anwell Tech / When it will move?

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anwell chiong 10% today..

lose more $$$?

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17-May-2010 15:42

Straits Times Index / STI to cross 3000 boosted by long-term investors

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China market become grizzly BEAR..grrrowl!!

China Stocks Plunge Most Since August on Property Curbs, Europe

By Chua Kong Ho

May 17 (Bloomberg) -- China’s stocks plunged, driving the benchmark index to the biggest loss since August, on concern government steps to cool the property market and European austerity measures will hurt economic growth.

China Vanke Co. paced declines by developers after Premier Wen Jiabao said the government will “decisively” contain gains in home prices. Jiangxi Copper Co. tumbled 6.3 percent after commodity prices plunged the most in nine weeks and the Ministry of Commerce said the euro’s decline is pressuring exporters. Guangzhou Shipyard International Co., which got more than half of last year’s sales from Europe, tumbled 8.4 percent.

“Investors are worried that more property tightening is on the way even as Europe throws up more uncertainties about the global economy,” said Michelle Qi, a Shanghai-based portfolio manager at Bank of Communications Schroders Fund Management Co., which oversees about $6.5 billion.

The Shanghai Composite Index tumbled 136.69, or 5.1 percent, to 2,559.93 at the close, the biggest drop since Aug. 31 and the lowest since May 4, 2009. The CSI 300 Index slid 153.31, or 5.4 percent, to 2,714.72.

The Shanghai Composite has lost 22 percent this year, the world’s fourth-worst performer among the 93 gauges tracked by Bloomberg, on concern the government will keep tightening monetary policy to contain inflation and avert asset bubbles. The measure on May 11 entered a bear market after falling 21 percent from its Nov. 23 high.

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