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Gold Purchase Transaction decided Genneva Malaysia illegally?


Mechanism of gold and silver trading should The continued legal sale. Genneva Malaysia, a renowned company of Malaysia, is no stranger will gold trading operations in Malaysia. However, lately, fatwa result muzakarah 3 consecutive days comprising prominent muftis, has ruled that the sale transaction in Genneva gold Belli, its scheme is PROHIBITED.

For Muslims out there, make sure you are not involved with any gold trading transaction either within or outside the country contrary to the principle of gold trading, as stipulated by Islamic law and conventional law.

A transaction was in accordance with syariah should emulate other companies so that Malaysians can enjoy wealth by legitimate means, independent elements of riba, gambling and gharar or uncertainty.


Maya Gold vs. Physical Gold (Gold Certificate)


Ever heard of the phrase Gold Certificate or gold certification? to anyone who has a golden share in Malaysia leading banks, I hope you close the account and store physical gold. Why? You still ask again? Well I gave reasonable reasons because you should buy physical gold:
Gold Certificates trading law is forbidden in Islam because the contract is not a sale and purchase is not complete and not selling real goods.
Physical gold can be melted on money at any time if you desperately want to use the money
Physical gold has buy-back price the higher self of gold certificates.
Physical gold to satisfy the owner
Physical gold can be bought when prices are really cheap, and can be resold at a price more expensive at market prices
Gold certificate in bank accounts not protected PIDM. if you're bankrupt, you want to grab mane money again??
My advice, before involving oneself in gold investment, make sure you literate with knowledge that is not easily duped gold dealers out there that blood choke. Yg distributor you can trust is the distributors of the GSR! APE wait anymore, let's order!



Gold dipping RM 6.140 per ounce = 28.1 grams!


Bull market or bull market is expected to grow at a record high NEW by early 2012 after struggling with the eurozone debt crisis continued self. In 2012, the best time for new buyers start your savings in the form of GOLD because in 2013, the U.S. economy is expected to recover monetary easing restrictions (notes). To know more about the euro zone debt, please read the posts on this page Preparing for the "Grexit"-HELLISH OPTION.

You will see that the signs that may be mencapahi gold price to U.S. $ 2,000 in the year 2,000, breaking the record high gold prices in the market in 2012.

Message: when you think to buy it or not, other people are starting to count the money that is to be converted into gold.

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Gold prices are expected to boom!



Is this rumors or will become a reality? If you think of the much talked about, you are WRONG! I dare say that the price of gold will rise peaked soon ... estimated in 2013, gold will experience the highest demand where most bank started collecting the precious metal in the form of money exchange a double! Expected increase could be up to Rs 4.840 per ounce! one ounce weighs approximately 28.1 grams. now sy dah ade 50 grams in hand, if I change samua tu with money, you can imagine how much I can get by 2013!!!



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Preparing for the "Grexit"-HELLISH OPTION


Preparing for the "Grexit"-HELLISH OPTION



The Grexit, or Greece's exit from the euro, is becoming is more likely, judging by how frequently it is mentioned These Days. Unfortunately, Preparing for it may be more difficult than many Believe. Before addressing That point, I would like to first illustrate the revealed the number of the problem.





This chart was included in an excellent article by Mish (a/k/a Mike Shedlock) on hisGlobal Economic Analysis website. He notes: “One chart is all it takes to prove a full-fledged European bank run…is well underway in the Club-Med countries and Ireland”, i.e., the so-called PIIGS. 
There is a lot more in Mish’s article, which I recommend reading. But I would like to use the above chart to make an important point about the Grexit. 
It is clear that money is flowing from the PIIGS into Germany, and the reason is simple. People in these periphery countries are fearful that if their country leaves theeurozone and their national currency is re-launched, they would lose purchasing power. This problem is particularly acute for the Grexit, as it is widely believed that a new drachma would be worth 40% less than the euro. A devaluation of that magnitude is necessary to make the Greek economy competitive once again. But note the title on the above chart – “Net Claims of National Central Banks within theEurosystem”. There are two important points to make. 
First, Germany is in effect lending money to these countries through the ECB and the so-called Target system. If Greece exits the euro and changes its external liabilities to Germany from euros to drachmas, Germany would take a 40% hit on its asset. Is Germany willing to accept that big loss? Note from the above chart that the PIIGS owe Germany €640 billion. This huge debt is about 25% of Germany’s GDP, and it doesn’t even include all the other debts owed to Germany by the PIIGS. One has to ask, what will Germany do to protect itself if any of the PIIGS leave the euro? 
Second, each European state has a national central bank, which contrasts to the US monetary union where the dollar circulates within the American states. If money moves from California to New York, there is no New York central bank to record that state’s claim on people living in California. But Germany knows exactly where all of the euros flowing its way are coming from on both an aggregate and individual basis. In other words, the euros from the PIIGS are deposited in German banks, and every bank knows the name, address and nationality of each depositor. 
So let’s assume Nico transfers euros from his Greek bank to his bank account in Germany before the Grexit. Nico thinks his euros are now safe, but are they? 
What if the Eurocrats in Brussels decide that Nico was “speculating” with the “hot money” he transferred to Germany? Even though Nico was simply acting prudently seeking what he thought was a safe-haven for his life savings, which were held in euros, the Eurocrats could easily make the claim he was speculating because he moved the money out of Greece, his home country. 
So to put their words into action, the Eurocrats determine that coincident with theGrexit and re-launch of the drachma, all euros deposited in banks anywhere inEuroland by Greek nationals becomes a drachma deposit. Germany is saved because it no longer owes euros to Nico. But Nico’s life savings are not safe after all. And the same thing could happen to Juan, Paddy, Luigi and their countrymen in the PIIGS, if they think that moving their euros to Germany is safe. 
There is only one way to seek safety from fiat currency – exit the fiat currency system altogether. The only way to do that is to buy tangible assets. Nico shouldhave instead bought gold. by James Turk - Goldmoney – “Net Claims of National Central Banks within theEurosystem”. There are two important points to make. 
First, Germany is in effect lending money to these countries through the ECB and the so-called Target system. If Greece exits the euro and changes its external liabilities to Germany from euros to drachmas, Germany would take a 40% hit on its asset. Is Germany willing to accept that big loss? Note from the above chart that the PIIGS owe Germany €640 billion. This huge debt is about 25% of Germany’s GDP, and it doesn’t even include all the other debts owed to Germany by the PIIGS. One has to ask, what will Germany do to protect itself if any of the PIIGS leave the euro? 
Second, each European state has a national central bank, which contrasts to the US monetary union where the dollar circulates within the American states. If money moves from California to New York, there is no New York central bank to record that state’s claim on people living in California. But Germany knows exactly where all of the euros flowing its way are coming from on both an aggregate and individual basis. In other words, the euros from the PIIGS are deposited in German banks, and every bank knows the name, address and nationality of each depositor. 
So let’s assume Nico transfers euros from his Greek bank to his bank account in Germany before the Grexit. Nico thinks his euros are now safe, but are they? 
What if the Eurocrats in Brussels decide that Nico was “speculating” with the “hot money” he transferred to Germany? Even though Nico was simply acting prudently seeking what he thought was a safe-haven for his life savings, which were held in euros, the Eurocrats could easily make the claim he was speculating because he moved the money out of Greece, his home country. 
So to put their words into action, the Eurocrats determine that coincident with theGrexit and re-launch of the drachma, all euros deposited in banks anywhere inEuroland by Greek nationals becomes a drachma deposit. Germany is saved because it no longer owes euros to Nico. But Nico’s life savings are not safe after all. And the same thing could happen to Juan, Paddy, Luigi and their countrymen in the PIIGS, if they think that moving their euros to Germany is safe. 
There is only one way to seek safety from fiat currency – exit the fiat currency system altogether. The only way to do that is to buy tangible assets. Nico shouldhave instead bought gold. by James Turk - Goldmoney