Stock Collection Notice - January 2011

Note :

i) Customers MUST call our branch for stock reservation before any collection.

ii) Due to the security reason, Stock Collection only allowed during office hours, all collection after 7pm will not be entertained.

iii) To make the process faster and smoother, customers are encouraged to make full payment through bank before stock collection.

iv) Original bank-in slip MUST be provided upon stock collection.

v) New Dealers are advised to get familiar with the stock collection method and don’t hesitate to seek for the assistance from their Master Dealer if they have any doubt.

Peratusan Kenaikan Harga Perak 2010

Harga perak pada 01.01.2010 = US16.85 per ounce

Harga penutup perak pada 31.12.2010 - USD30.91 per ounce

Peratusan Kenaikan bagi tahun 2010 =  83.44%!

Peratusan Kenaikan Harga Emas 2010

Harga emas pada 01.01.2010 = USD1096.50 per ounce

Harga emas pada 31.12.2010 - USD1421.60 per ounce 

Peratusan Kenaikan 2010 =  29.65%!

Gold Price Gains "Entering America's Consciousness" as Traders Target $1500 by April

The Gold Price rose further in Asian and London trade for Dollar investors on Thursday but edged back from yesterday's new all-time highs vs. the Euro and Sterling as the US currency slipped on the forex market.

US Dollar Gold Prices touched a 3-week high just shy of all-time records at $1415 per ounce, and the Silver Price reached new 30-year highs at $30.89.

German and UK government bonds meantime ticked higher as European stock markets extended yesterday's drop.

Commodity markets were mixed, with crude oil holding near 28-month highs, palm oil trading at 15-year highs, and copper adding to Wednesday's new record highs near $9,500 per tonne – some 27% higher for 2010.

The US Dollar meantime set new multi-year lows against a raft of currencies including the Australian Dollar, South African Rand and Chinese Yuan.

"It is seemingly impossible at this time to fight the Fed's printing presses," writes Fred Hickey in his widely followed and much respected High Tech Strategist letter, noting the resilience of US stock markets thanks to $600 billion of new quantitative easing – planned to run until June 2011 –feeding into asset prices rather than the economy.

"The Fed is printing money at a prodigious pace [and so] little by little, gold is entering the consciousness of the American public."

"Market players are [also] continuing to position themselves for further gains in price through 2011," writes GFMS Analytics' Rhona O'Connell for MineWeb.

Studying the structure of open interest in US Comex Gold Futures and options, it "points to more volatility and the risk...is very much to the upside," says O'Connell, concluding that professional traders are looking for a Gold Price of $1500 or even $1600 by the start of April.

Meantime in India – the world's No.1 gold consumer market – "If one looks back, prices have not posted a negative annual return since the year 2000," says M.Jhaverimal, a gold retailer in Mumbai, also quoted at MineWeb.

"A sizeable chunk of the Indian population may still be living below the poverty line, but when it comes to Buying Gold, we are right up there in the front," says bullion trader Ashish Shah.

But "China is the biggest bullish factor in the gold market," reckons Yuichi Ikemizu at Standard Bank in Tokyo, pointing to the fast-growing demand from the world's No.2 consumer market.

New data from HSBC and Markit Economics today showed Chinese manufacturing activity slowing in Nov. for the first time in 5 months, because "Inflation rather than growth still remains as the top policy concern," according to HSBC's Hong Kong-based economist Qu Hongbin.

Last weekend's interest-rate hike by the People's Bank of China affected bank loans, not deposit rates – still standing at just 2.25% despite official consumer price inflation of 5.5% per year.

"There's no 'safe' currency at the moment, so investors choose to park their money in gold," says Beijing Zhong Jing trader Liu Yangyi, speaking to Bloomberg.

"Gold will continue to do well as inflationary pressures build on rising commodity prices."

source: http://goldnews.bullionvault.com

Agihan ASB 2010 meningkat 2 sen

AHMAD SARJI dan Hamad Kama Piah (kanan) mengumumkan pengagihan pendapatan dan bonus ASB, di Kuala Lumpur, semalam.

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) mengumumkan agihan pendapatan 7.5 sen dan bonus 1.25 sen seunit untuk Skim Amanah Saham Bumiputera (ASB) bagi tahun kewangan berakhir 31 Disember 2010, peningkatan dua sen seunit berbanding 7.3 sen seunit pada tahun lalu.

Pengerusi Perbadanan Nasional Berhad (PNB), Tan Sri Ahmad Sarji Abdul Hamid, berkata 7.04 juta pemegang saham yang melanggan lebih 82.72 bilion unit ASB akan menerima pengagihan pendapatan dan bonus yang dikreditkan secara automatik dalam akaun pelaburan masing-masing. 

sumber: Berita Harian

New Product Announcement - Public Gold

250g gold bullion bar (Cold Cast Bar) is now available for booking.

Metal : Au
Weight (g) : 250
Size (WxL,mm) : 34 x 70
Thickness (mm) : 5
Purity : 999.9

Gold price predictions for 2011

NEW YORK (Commodity Online): It is the season for greetings and predictions. The one commodity that is attracting an overwhelming number of predictions is gold these days. As the year gets to a close, dozens of gold price forecasts for the year 2011 have come in.

Gold at $1500, $1700, $1800, $2000 an ounce: which among these prices will you believe in? It is hard to put your confidence and money into commodities-especially into gold-when forecasts on gold price vary in widening values.

But that said, one thing is certain: gold price is certainly going to skyrocket in the coming months of 2011.

So, it is now time to take stock of all the gold price predictions that investors, readers, bullion dealers and governments have been subjected to in the last few weeks.

Here are some prominent gold price predictions for 2011:

Bullion Research Desk of Commodity Online: "Gold price to hover around $1500-$1600 range in 2011. Gold price will go up in 2011, driven by the fluctuations in US dollar and other currencies, dwindling productions, increasing mining problems and rising demand for jewellery and investment for the yellow metal. Gold price is definitely going to cross the $1500 mark per ounce in 2011 and it will remain in the range of $1500-$1600."

Global commodities guru Jim Rogers: "Gold price would eventually rise above $2,000 an ounce. Gold will be $2,000 certainly in the decade, it'll probably be much higher than $2,000 in the decade but maybe even sooner I don't know. But to me it seems pretty clear that it'll go to at least $2,000. If you adjust the old high back in 1980 for inflation, gold should be over $2,000 now."

Saxo Bank: "Gold price will be at $1800 per ounce in 2011 if the US Dollar strengthens, sparking fresh currency wars across the Pacific. Pressure piles on China and as investors flee to metals in search of some stability, gold shoots up to $1800 an ounce."

Henderson: "Gold price will rise to $1600 in 2011."

PricewaterhouseCoopers: A new survey of 44 investors and gold mining executives conducted by PricewaterhouseCoopers's Canadian Mining Group forecasts a peak of $1500 per ounce for 2011.

BNP Paribas: Has forecast an average of $1,500 in 2011.

Goldman Sachs: It has set a 12-month target of $1690 per ounce.

Capital Economist: "As inflation fears mount, the price of the precious metal will be pushed to £1,600 in 2011 and reach $2,000 by the end of 2012, it has been forecast, as investors clamour to buy safe haven assets."

ABN AMRO/ VM Group: It has raised its previous average 2011 gold forecast by $35 to $1,459, up from $1,424 in November.

Source: http://www.commodityonline.com