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Thread: It breaks 3.8

  1. #526
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    Quote Originally Posted by Sentinel View Post
    The question to be asked is : should the sh!t hits the fan and things really fall part worldwide.... what would you want to be caught holding?

    1. Cash? In what currency? USD, Ringgit, AUD, SGD or Sterling or Euros?
    2. Assets like houses... blue chip shares....
    3. Or plain Gold Bullions i.e. those 100gram Credit Suisse issued ones of course

    I don't think many even think about it.... leave alone prepare for it until it actually hits the fan....
    Ha Ha.....this are the $64B [not 2.6] questions being asked across the globe and of which these 'Doom Gurus' are making a pile from their suggestions.....


    Yes, many won't think of it.....or prepare but as I mentioned before, I recently met a group of families who were actually preparing for such.......backup food stock and all .........I was quite surprised

    But then? There is no way of fathoming how and what would save you from from the sh!#............ when the SHTF

    The only thing I can note is that.....this sort of financial chaos is not new to this world.....happened many times before in recorded history.....What worked for them....... The same "should" work again I suppose.


    Your Q's My 2c


    "1. Cash? In what currency?"


    Definitely some RM, actually most of it....enough to last you 3-4 months of basic needs, till the picture gets clearer .......Backup/some savings in foreign currency denomination?, Which? Anyone's guess right now ......I'd say mostly S$ as its across the border, and maybe US$ for the short term thro 2016.

    "2. Assets like houses... blue chip shares...."

    Land and landed property has worked for centuries......But then, when the last SHTF took place, there were no high rises......So?
    Blue Chips? Unless I already own it and comfortable to hold.....Otherwise, For now, I rather stick with those chips that come in packets

    "3. Or plain Gold Bullions?"

    As I see it.....kinda late for that.....to clarify.....never too late for anything.....but Bullion, unless you know where to get the 'real' stuff, besides, there is already a premium....what you see as $price....is not what the real stuff goes for.

    Then again.....where would you exchange it when in need? And exchange for what? Would it still be legal to hold/sell?........ Many questions!!......Still, any affordable amount, preferably in small denominations is good to have.....coins are good, always have been

    As I have always said......Gold is for long term security......Not for speculation, or short term.....keep it as long as you can.....should you not use it as a 'ticket' you can always hand it down.

    Thats it....time for a Sat lunch.....while we still can enjoy its affordability

  2. #527
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    On our battered stock market, the vulnerable RM, foreign investors and our strong state funds & foreign reserves


    DFM: 'Putrajaya to use state funds to lift stocks'

    "Malaysia will use its state funds to put a floor under the country's battered stock market, though currency intervention".......interest rate hikes are ruled out"

    "Every year these (domestic) pension funds are getting new funds almost close to RM40 to 50 billion (US$9.7 to 12 billion), so I think there is enough for them to continue buying while waiting for external factors to improve," he told Reuters today"

    "I think we're ready to face the headwind." ...............>>Read More Here @MI<<


    -----------------------------------------------

    Long time no share song.....I don't know why this song came to mind


  3. #528
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    The last exercise announced by your favourite PM was a RM20 billion fund to Valuecap to boost the local bourse - the shares edged up and the foreign funds dished their shares and took their profit taking and took their funds out of the country... they never learnt and now wants to use state funds again? Matilah like that...

  4. #529
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    Quote Originally Posted by Sentinel View Post
    The last exercise announced by your favourite PM was a RM20 billion fund to Valuecap to boost the local bourse - the shares edged up and the foreign funds dished their shares and took their profit taking and took their funds out of the country... they never learnt and now wants to use state funds again? Matilah like that...

    Yup, the more they buy, the more the people will sell. RM20 b is not much. They will soon run out of money to buy and will be holding those shares for a long time.
    " In the land of the blind the one-eyed-jack is king."

  5. #530
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    Quote Originally Posted by Henry T View Post
    Yup, the more they buy, the more the people will sell. RM20 b is not much. They will soon run out of money to buy and will be holding those shares for a long time.
    Hehehehe, the market will be there forever, so maybe no harm holding the shares

  6. #531
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    quick update...


    'Ringgit in hardest fall in 3 weeks'

    >Read@MM<

    'Ruble, Lira, & Ringgit Tumble On USD'

    >Read@ZH<




  7. #532
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    Quote Originally Posted by Naka View Post
    Hehehehe, the market will be there forever, so maybe no harm holding the shares
    EPF is holding plenty of MAS shares forever. What is it worth now?
    " In the land of the blind the one-eyed-jack is king."

  8. #533
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    Do highway concessionaires borrow in USD?

    http://www.themalaysianinsider.com/m...-from-thursday

    http://paultan.org/2015/10/12/npe-to...omment-3850255

    This must be the secret to become a high income nation. Before you can earn more you must first pay more for everything.
    Last edited by Henry T; 12-10-2015 at 05:39 PM.
    " In the land of the blind the one-eyed-jack is king."

  9. #534
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    The Gomen prosecutes traders for profiteering when they increase prices. What do you call this hefty toll increase? Will the concessionaires be prosecuted?
    " In the land of the blind the one-eyed-jack is king."

  10. #535
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    Quote Originally Posted by Henry T View Post
    Do highway concessionaires borrow in USD?

    http://www.themalaysianinsider.com/m...-from-thursday

    http://paultan.org/2015/10/12/npe-to...omment-3850255

    This must be the secret to become a high income nation. Before you can earn more you must first pay more for everything.
    That means Subang to Bangsar and back is going to be 2.30x2=4.60x2=RM9.20..... [I say, how many laughing smileys am I allowed without being offensive]

    How long more before you say 'No More' or can you ever say

    Elvis > No More


    Anyway, its them low income folks who will notice it......rich folks just top up their T&G and drive thro....just like when you spend with your CC....you dont care if it costs more

  11. #536
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    Quote Originally Posted by kuma View Post
    That means Subang to Bangsar and back is going to be 2.30x2=4.60x2=RM9.20..... [I say, how many laughing smileys am I allowed without being offensive]
    Either that or drive on the "river of cars" called the Federal Highway.

    I use the NPE on working days.
    " In the land of the blind the one-eyed-jack is king."

  12. #537
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    Quote Originally Posted by Henry T View Post
    Either that or drive on the "river of cars" called the Federal Highway.

    I use the NPE on working days.
    Well there will be a tsunami of cars on the Fed Highway now.....

    Just picture this.....for Joe Average who's already burdened by price hikes recently,.... now has to fork out an extra RM70/mth if he wants to use NPE daily [based on 1 round trip a day for 25 working days/mth] [in all fairness, I'll stop laughing]

    Notice how all the toll hikes centered around KL/Klang Valley

    >>See STAR for breakdown<<

  13. #538
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    Quote Originally Posted by Henry T View Post
    Do highway concessionaires borrow in USD?

    This must be the secret to become a high income nation. Before you can earn more you must first pay more for everything.
    One of the "many" steps to come?

    'Gov't: Toll rates up so we can use funds on other things'

    “For example, we can use it to pave existing roads, provide better health facilities, build more hospitals, schools and so on,” it said.


    >Read@MKini Here<

    Well, its for OUR GOOD....isn't it?

  14. #539
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    Quote Originally Posted by Naka View Post
    Hehehehe, the market will be there forever, so maybe no harm holding the shares
    Someone just wrote this on 'Investment Blog' - click to read.....


    Quote:

    "When I was growing up my father, probably much like yours, had pearls of wisdom....."One of my favorite pieces of “wisdom” was:

    "Exactly how many warnings do need before you figure out that something bad is about to happen?”

    "There are currently plenty of warning signs that suggest that individuals might want to reconsider the risks before taking that leap....."

    Here are 4 warnings to consider......>>Click Here To Read Them<<


    Closing para:
    "The point here is simple. No professional or successful investor every bought and held for the long-term without regard, or respect, for the risks that are undertaken. If the professionals are looking at “risk” and planning on how to protect their capital from losses when things go wrong – then why aren’t you?"


    -------------------------------------------------------------------------


    'As ringgit falls, Young Malaysians Go For Gold' ------ >>Read More @MInsider<<


    [More Malaysians have been investing in gold due to its appreciating value, and there is a growing trend of young people securing their financial future with investments in gold. – Reuters pic, October 13, 2015.]

  15. #540
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    Actually for most of us here there is nothing much to worry about. When the crunch comes just eat the sweet potato or ubi kayu that's available. My house has a strip of land by the side where I can plant some.

    It is not like we have 100 million in cash or assets where just a 10% drop in its value translate to losing 10 million.
    Last edited by Henry T; 13-10-2015 at 01:12 PM.
    " In the land of the blind the one-eyed-jack is king."

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