Lisa's Investment Talk

意充公 46.8萬億假美債券

2012-02-19T13:09:00.004+08:00

蘋果日報

意大利反黑手黨檢察當局昨日（周五）充公了一批由香港運往瑞士、面值 6萬億美元（ 46.8萬億港元）的假美國債券，價值相等於美國國債的 33%。
這批 1934年債券，於 2007年由香港運往瑞士蘇黎世，被發現暗藏在三個保險箱的暗格內，意大利警方早前調查該案時，在當地拘捕了八人。據悉，該批債券像真度極高。意大利警方因兩張英國倫敦滙豐銀行逾 20.5萬英鎊（ 251萬港元）空頭支票，展開調查，才揭發這宗詐騙案，其間發現有人企圖透過銀行，向一個發展中國家兜售假債券。

美聯社

silverdoctors.blogspot.com

留意以下國民政府當年黃金換美債的故事, 而假美債有可能是真美債 !

malcolm said...

THEY NEEDED TO STAY SECURE FOR 60 YEARS
The wooden boxes were then glued shut. That way, the bonds were much less likely to get moldy -- after being stored in a chest and buried underground in a secure location for 60 years.After the 60 years, the Asian countries were told they could dig up the chests, cash out the bonds and get their money back if they wanted to.According to Fulford, Keenan and other sources, in 1938, the Kuomintang dynasty in China sent seven battleships' worth of gold-- a staggering amount -- to the United States to protect against it being stolen by the Japanese.This is a key aspect of the trillion-dollar lawsuit we have been discussing.In response, the United States issued massive amounts of 1934-series Federal Reserve bonds -- carefully sealed in boxes, which were then sealed in locked chests -- and handed them back to China as collateral.
THE 60 YEARS WERE UP IN 1998 -- AND THE FEDERAL RESERVE LOST THE CASE
In 1998, the 60 years were up. The Kuomintang had fled to Taiwan and were no longer the ruling party in China, but they still wanted their gold back. The Federal Reserve fought them in a secret international court at the Hague -- and lost.
The Federal Reserve was ordered to pay out the debt as of September 11, 2001. They did not. We all know what did happen that day.What very few people knew, until now, was that all the Kuomintang gold was being stored under Building 7 at the World Trade Centre. After the towers came down, the vaults were "mysteriously" found to be empty.The Kuomintang have been fighting ever since to get their gold back. The size and scope of such a "winner takes all" heist is truly extraordinary -- but something outrageous and unprecedented in any known laws of physics did happen that day.Susan Lindaeur is now the highest-level, most credible witness to have added significant strength to the story that"9/11 was an inside job."The lawsuit Neil Keenan has filed on the Dragon Family's behalf could potentially break the whole story open before the eyes of the world -- and again, this lawsuit has the backing of a 122-nation alliance.I have written this investigation to help end the deadly silence -- so justice can be served. Ultimately, this is everyone's war -- not just those seeking to reclaim their stolen property.

THE BOXES WERE COVERED WITH ENGRAVED COPPER
Before we go into more detail about the BIS and the open, provable aspects of the story, it's important to fill in a few more of the technical details about the bonds, the bond boxes and the bond chests.The 8.5x11-sized wooden bond boxes were faced and sealed with bronze-colored sheet metal -- for extra protection from the elements underground.The sheet metal on the boxes had elaborate, official engravings on every side. The engravings indicated that the bonds were issued by the Federal Reserve. They indicated which Federal Reserve bank, from which American city,had issued the bonds.

The range of serial numbers for the bonds were also engraved into the sheet metal -- as well as the staggering value of the financial instruments inside.

February 18, 2012 9:47 PM
malcolm said...

MORE ABOUT THE CHESTS
Many of the larger chests, particularly in the 1934 series, held a total of 13 of these boxes. They did very much look like the classic "treasure chest."Twelve of the bond boxes inside these chests were about two and a half inches wide, as we said -- and the thirteenth
was only half that width and was actually a "Book of Redemption", not containing bonds but rather instructions on how to redeem them.Each chest also contained a single, small cylindrical "Information Scroll" mounted in a clamp. All thirteen of the boxes fit neatly and snugly into the chest like a row of books.The chest was then also covered with engraved sheet metal. The engravings said the bonds were issued by a Federal Reserve bank from a given American city. The serial numbers of the bonds were listed, as well as the total value of everything in the box.Many of these 1934-series chests carried a written value of Three Trillion Dollars -- and a substantial number of them were produced. Each chest was padlocked shut for even further protection.
THE BONDS WERE NEVER MEANT TO BE USED IN THE "OPEN" ECONOMY
Even though the Kuomintang had the option to reclaim their gold after 60 years, the bonds were never meant to beused as cash. The money was still expected to be held on deposit and used as collateral for the existing "open"currencies of the world.If the bonds were freed up and actually cashed, they could ruin the United States economy -- which had nowherenear as much money in it as the Federal Reserve had printed in the bonds.The whole idea was to keep the bonds on deposit -- as well as the gold they were issued against.The bonds represented how much value a given country held in the BIS system. We will explore the inner workingsof this system in Section Five.Most importantly,
the bonds, boxes and chests all contained deliberate, glaring errors in spelling andgrammar.
That way, if anyone did actually try to use them, the authorities would say they were "Fake".It is not clear whether the Asians and other foreign nations were aware of these deliberate errors or not. Probably some of them were, and some of them were not.Meanwhile, anyone who actually tried to cash the bonds would be lucky to escape from their plan alive.
HOW DID I KNOW ALL THIS?
The reason why I know all this is rather convoluted, but compelling. In mid-December, once I knew what questions to ask, a top insider described to me what these bond boxes actually looked like. He had also toured some the vast facilities where the gold was held.

I then emailed Neil Keenan, the principal in this trillion-dollar lawsuit, with the information. Less than 15 minutes later, he sent me an avalanche of pictures that looked exactly the same
as what I had just described -- even though he had never met my insider.Bear in mind that I'd already been in contact with Keenan for nearly three weeks by this point. There was no possible way he could have moved fast enough to create fakes that matched what my insider had just described.I never thought I was going to do this, but since there are already two other online sources that have leaked very similar images, here are some of the pictures Neil Keenan sent me.
NEIL KEENAN / DRAGON FAMILY PHOTOGRAPHS OF BONDS
This is the world debut of these photographs -- exactly as they were sent to me, a mere 15 minutes after I wrote Neiland told him what my insider said they should look like.I was absolutely shocked at how perfectly they fit the description. Many of these images are larger than they appear,so you can save them to your computer and zoom in on them with various programs.
February 18, 2012 9:47 PM

羅傑斯沽清美股看好黃金人幣杜指撲13000 近四年新高

2012-02-19T12:40:00.001+08:00

hk.news.yahoo.com

(綜合報道)(星島日報報道)在歐債問題有望今周解決的利好因素刺激下，美股連升兩天，杜指逼近13000點關口，杜指及標普500指數齊創近4年新高；在過去7周，標普500指數和納指便有6周報升，美股前景漸佳。但「商品大王」羅傑斯就潑冷水，認為全球各國都印鈔救經濟，買黃金等資產才是保值之道，他看淡美股之餘，更預測人民幣未來十至二十年有望升值一至兩倍。

　　羅傑斯表示，目前在他的投資組合中沒有美股，但持有歐羅、美元、人民幣以及金銀等貴重金屬。他認為，全球央行大舉印鈔，令投資者在資產保值方面很傷腦筋；在這種情況下，他認為歷來保值之道都是買入黃金和白銀等實物資產，目前他持有的就是實物資產及部分貨幣。

　　料人幣十年倍升

　　全球央行透過量化寬鬆以大量泵水，他認為將令貨幣更大動盪，他的投資組合目前持有歐羅和美元，希望這些貨幣能相對堅挺；而貨幣動盪時投資者須持有商品。他表示，紙幣的價值令人愈益懷疑，或許到2020年前紙幣將走到盡頭。

　　羅傑斯表示看好人民幣，指人民幣未來10至20年有望再升一至兩倍。他又稱，雖然他很喜歡英國，他的投資組合沒持有英鎊；英鎊今年來已上升2%，惟過去6個月下跌4.4%。

杜指周五收市升45點，報12949點，距離2008年5月創下13000高位的重要心理關口，僅有一步之遙，杜邦和英特爾成為周五升幅最大藍籌股；標準普爾500指數收市升3點，報1361點，逼近08年6月以來新高的1363點。不過，納斯達克指數收市跌8點，以2951點結束上周。全周計，杜指、標普500指數分別上升1.16%和1.38%，納指升1.65%。

　　今年以來標普500指數已升逾8%，歐債危機解決有進展，加上近期美國製造業、樓市和就業數據表現理想，令大市獲有力支持。展望未來一周，由於第4季業績期基本結束，本周也沒有重大經濟數據公布，希臘援助貸款談判以及歐債形勢的發展，料將主導大市走勢。

　　此外，摩托羅拉移動（Motorola Mobility）與蘋果公司近月來圍繞智能手機技術的侵權官司，愈演愈烈。早前被摩托羅拉移動控告侵權的蘋果，上周五蘋果作出反擊，已向歐盟競爭局投訴，指摩托羅拉移動沒有以公平條款申請符合行業標準的智能手機相關技術專利，違反承諾。

　　美銀總裁削花紅35%

　　根據美國銀行向證監會提交的資料，美銀行政總裁莫伊尼漢在2011年獲取總值590萬美元（約4600萬港元）的有限制性紅股，較2010年獲得的紅股減少三成半。

法郎時代終結 56億變廢紙

2012-02-19T12:12:00.003+08:00

本人早排都有少少法郎錢幣剩, 去法國旅行時用剩的, 但前年已送俾孫仔孫女當收藏 !

文匯報

又一個時代終結！法國民眾前日向有60年歷史的舊貨幣法郎說再見，數以百計民眾在巴黎法國央行門外排隊，將法郎兌換成歐元。全球來不及兌換的約5.5億歐元(約56億港元)的法郎，昨日起正式成為廢紙，有關價值將被央行視作盈餘入賬，為庫房帶來大筆媒體形容的「善忘稅收」(從忘記換錢的民眾獲得的收入)。

　法國於2002年1月改用歐元，並於2005年停止兌換硬幣和舊紙幣，但央行一直繼續容許兌換較新的法郎鈔票，直至上周五最後期限。為了這天，法國人翻箱倒櫃，取出家裡最後一張法鈔，以6.55957法郎兌1歐元的匯率換成歐元。

《小王子》鈔吸引太舊鈔不接收

　雖然已經有10年時間，但不少法國人還是如今才發現尚有法郎留在家中。媒體連日來不斷提醒民眾換錢，造成一股法郎「集體回憶」，加上歐債危機令人們對歐元信心大減，很多人都懷念使用法郎的日子。

　央行門外前日排著長長人龍，50歲歌劇歌手奧斯托拉薩也是一分子，他帶來2張200法郎和1張50法郎鈔票兌換，央行會在下月通知他何時領取歐元。有民眾帶來1980年代發行、印有著名畫家德拉克羅瓦肖像的100法郎，但因太舊不獲兌換，唯有把它鑲起當紀念品。

　與歐元相比，法郎的設計相當有心思，最令人印象深刻的莫過於50法郎紙幣，上面印有法國作家聖埃克蘇佩里肖像，以及他的名著作品《小王子》主角站在星球上的插畫。

歐債下踩多腳政府被狠批

　換鈔不忘抗議，將參加4月大選的右翼政客杜邦艾尼昂，在央行前批評當法國人發現自己身陷「歐元陷阱」時，當局選擇停止使用法郎；他又以德國情況作對比，指德政府深明歐元前途堪虞，所以保留舊貨幣馬克。

　意大利去年12月停止兌換舊幣里拉，法國則是第二個加入歐元區後停止兌換舊幣的國家。芬蘭將於月底停換舊幣，荷蘭限期則為2032年，但半數歐元國沒設限。深陷債務危機的希臘下月1日也停止兌換德拉克馬，前提是還能留在歐元區。　

■路透社/綜合外電消息/《每日電訊報》

涉假債券3人明提堂

2012-02-19T12:07:00.001+08:00

文匯報

香港文匯報訊（記者杜法祖）涉在香港上水一單位藏有大量偽造債券、紙幣及印章的3名男子，昨被警方落案控以一項「藏有虛假文書」罪名，其中1名外籍男子另被加控一項「在香港非法入境後未得入境事務處處長授權而留在香港」罪名，3人明日(周一)在粉嶺裁判法院提堂。

　3名被落案男子，當中包括2名分別姓葉(60歲)及姓張(48歲)的內地男子，另1名外籍男子則姓Albert(66歲)。

　上周四(本月16日)晚上10時許，大埔警區重案組探員根據線報，突擊搜查上水皇府山一目標單位，結果在單位內檢獲大批仿真度極底，涉及多國發行的偽造債券及虛假文件，當中更包括偽造紙幣及印章等，單位內3名男子當場被捕。另外警方又在單位內檢獲2部電腦，由於涉及的偽造債券及虛假文件數量龐大，有傳僅債券面額總值已逾80億元，惟確實數量仍在點算中，警方商業罪案調查科訛騙組A隊已接手展開深入調查。

納粹德軍偽鈔摧毀英鎊

2012-02-18T13:00:00.001+08:00

一段有趣歷史 !

文匯報

英國軍情五處(MI5)公開的檔案顯示，納粹德軍於1940年開始，印製了當時面值達1.34億英鎊(約16.5億港元)的高仿真度英倫銀行偽鈔，相當於流通英鎊的10%，結果在1945年二戰結束之際，「德國成功摧毀英國貨幣在海外的信譽」。

　當時納粹軍使集中營的猶太人印製偽鈔，並計劃在英國各地從天空散發，雖然未有實行，但偽鈔於1944年6月諾曼底戰役起大量流入英國，當中大部分來自美軍和波蘭軍的黑市買賣，有關買賣其後被搗破。

　由於流傳太廣，遠至中東、南美、加拿大都有，歐洲的中立國都拒絕接收英倫銀行鈔票。英國無計可施，惟有回收5英鎊和以上的偽鈔，重印5英鎊，並停印及發行面值更大鈔票。

■英國《金融時報》/英國廣播公司

美特種部隊偷潛入120國

2012-02-17T12:26:00.001+08:00

文匯報

美國與伊朗關係緊繃，有美國媒體報道，美軍已成立一支秘密特種部隊，派往75個國家和地區，主要負責潛入搜集情報、鎖定目標暗殺及施展心理攻擊等。據報部隊於去年底已潛入120國，並已開始在伊朗的行動，分析指這可能是美國對伊朗軍事行動的前奏。

　美國「Wired」網站報道，該支美軍特種部隊於2009年中成立，當時伊朗拒絕美國總統奧巴馬提出的外交對話。美國特種作戰司令部證實該部隊正於伊朗行動，任務為指揮美國阿拉伯盟友的軍事部隊、搜集伊朗核計劃情報、確認將來發動軍事行動時或能幫忙的伊朗反對派組織等。

特種部隊潛入伊朗

　報道指，部隊從伊拉克南部越境潛入伊朗，未有證據顯示部隊於伊朗參與暗殺等軍事行動。為盡量減少平民傷亡和破壞，部隊一般通過詢問平民、技術探測等辦法搜集具體情報，為日後進攻創造條件。

　伊朗媒體前日報道，伊朗已停止向荷蘭、希臘、法國、葡萄牙、西班牙和意大利出口石油，消息公布後，刺激倫敦布蘭特期油前日升至每桶120美元，是去年8月以來最高。

伊願無條件恢復核談判

　伊朗昨日就核談判事宜去信歐盟外交和安全政策高級代表阿什頓，據報伊朗信中稱已準備恢復核談判，「下一輪談判能否成功，取決於6國對伊倡議作出的建設性反應」。伊朗駐俄羅斯大使昨稱，恢復談判並無任何「預設條件」。美國國務院發言人紐蘭稱，美國正和盟友合作，評估覆函內容。

　中國外交部發言人劉為民昨表示，中方讚賞伊朗覆函的舉動，呼籲盡早重啟6國與伊朗對話，推動伊朗核問題重啟對話與合作。對伊前日宣布核計劃重要成果，劉為民稱，伊朗作為《不擴散核武器條約》締約國，擁有和平利用核能的權利，同時也應履行相應國際義務。

　以色列防長巴拉克昨表示，伊朗聲稱的核成果有誇大之嫌，但以方仍視之為威脅。日本防相田中直紀昨晚會見到訪的巴拉克，呼籲以方冷靜應對。　

■路透社/綜合外電消息/Wired網站/英國《金融時報》

Moody's warns may downgrade 17 global banks, securities firms

2012-02-16T14:35:00.002+08:00

finance.yahoo.com

By Ian Chua and Soyoung Kim

(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.

It was reviewing the long-term ratings and standalone credit assessments of a range of banks, Moody's added. Markets were unaffected by the Moody's announcement.

"Capital markets firms are confronting evolving challenges, such as more fragile funding conditions, wider credit spreads, increased regulatory burdens and more difficult operating conditions," the ratings agency said in a statement.

It said among 17 banks and securities firms with global capital markets operations, it might cut the long-term credit rating of UBS, Credit Suisse and Morgan Stanley by as much as three notches following the review. It said the guidance was indicative.

Among the banks that might be downgraded by two notches are Barclays, BNP Paribas, Credit Agricole, Deutsche Bank, HSBC Holdings, and Goldman Sachs.

Bank of America and Nomura were included in those that might be downgraded by one notch.

The U.S. rating agency said in a separate statement its action on 114 financial institutions from 16 European nations reflected the impact of the debt crisis and deteriorating creditworthiness of its governments.

It cited more fragile funding conditions, increased regulatory burdens and a tougher economic environment for its review of banks and securities firms with global reach.

Moody's salvo follows rounds of downgrades in European sovereign ratings as the euro zone's struggle to keep its weakest link Greece afloat has been driving up borrowing costs and straining finances of other nations.

Last Monday, Moody's cut the ratings of six European nations including Italy, Spain and Portugal and warned it could strip France, Britain and Austria of their top-level AAA grade.

Standard & Poor's cut France's and Austria's top ratings and downgraded seven other euro zone nations last month. It also cut the euro zone's bailout fund by one notch.

Moody's on Thursday also downgraded the insurance financial strength ratings (IFSR) by one or two notches of several insurance companies, which it said related to their investment and operating exposures to Spain and Italy.

These included Unipol Assicurazioni SpA, Mapfre Global Risks, Assicurazioni Generali SpA and Allianz SpA. It affirmed the IFSR of Allianz SE, AXA SA, Aviva Plc and their subsidiaries, but cut the outlook on the rating to negative from stable.

VICIOUS CIRCLE

Asian shares and the euro were weaker on Thursday on concerns about another delay in cementing a bailout for Greece. Traders said markets didn't not show any specific reaction to the Moody's announcement.

In its review of European financial institutions, Moody's said that once completed, the ratings would "fully reflect the currently foreseen adverse credit drivers."

European banks' bond holdings of struggling euro zone nations Greece, Portugal, Ireland, Spain and Italy have trapped Europe in a vicious circle.

The falling value of the debt puts pressure on banks, which in turn weighs on lending and economic activity, making it tougher to sustain the growth that governments badly need to shore up their finances.

The biggest single group among the 114 institutions under review were headquartered in Italy, followed by Spain, with more than 20 each. Nine were headquartered in Britain, 10 in France and seven in Germany.

Moody's said nine of the 17 banks with global reach are included in the list of 114 financial institutions in Europe.

European Union leaders have been trying to put a financial "firewall" around the nations most afflicted by the euro zone debt crisis.

But jittery market sentiment suffered a fresh setback on Wednesday when several EU sources told Reuters that the euro zone was considering a delay in parts of a second bailout plan for Greece.

Moody's said that for 99 European financial institutions, the standalone credit assessments have been placed on review for downgrade. For 109 institutions, the long-term debt and deposit ratings have been placed on review for downgrade.

For 66 institutions, the short-term ratings have been placed on review for downgrade.

Rothschilds Want Iran’s Banks

2012-02-16T11:47:00.002+08:00

americanfreepress.net

By Pete Papaherakles

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts.

Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war.

Islam forbids the charging of interest, a major problem for the Rothschild banking system. Until a few hundred years ago, charging interest was also forbidden in the Christian world and was even punishable by death. It was considered exploitation and enslavement.

Since the Rothschilds took over the Bank of England around 1815, they have been expanding their banking control over all the countries of the world. Their method has been to get a country’s corrupt politicians to accept massive loans, which they can never repay, and thus go into debt to the Rothschild banking powers. If a leader refuses to accept the loan, he is oftentimes either ousted or assassinated. And if that fails, invasions can follow, and a Rothschild usury-based bank is established.

The Rothschilds exert powerful influence over the world’s major news agencies. By repetition, the masses are duped into believing horror stories about evil villains. The Rothschilds control the Bank of England, the Federal Reserve, the European Central Bank, the IMF, the World Bank and the Bank of International Settlements. Also they own most of the gold in the world as well as the London Gold Exchange, which sets the price of gold every day. It is said the family owns over half the wealth of the planet—estimated by Credit Suisse to be $231 trillion—and is controlled by Evelyn Rothschild, the current head of the family.

Objective researchers contend that Iran is not being demonized because they are a nuclear threat, just as the Taliban, Iraq’s Saddam Hussein and Libya’s Muammar Qadaffi were not a threat.

What then is the real reason? Is it the trillions to be made in oil profits, or the trillions in war profits? Is it to bankrupt the U.S. economy, or is it to start World War III? Is it to destroy Israel’s enemies, or to destroy the Iranian central bank so that no one is left to defy Rothschild’s money racket?

It might be any one of those reasons or, worse—it might be all of them.

The Federal Reserve's Explicit Goal: Devalue The Dollar 33%

2012-02-15T15:20:00.002+08:00

www.forbes.com

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged. A dollar 20 years hence was still worth a dollar.

But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits. In effect, the Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.

Why target an annual 2 percent decline in the dollar’s value instead of price stability? Here is the Fed’s answer:
“The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public’s ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling–a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.”

In other words, a gradual destruction of the dollar’s value is the best the FOMC can do.

Here’s why:

First, the Fed believes that manipulation of interest rates and the value of the dollar can reduce unemployment rates.

The results of the past 40 years say the opposite.

The Fed’s finger prints in the form of monetary manipulation are all over the dozen financial crises and spikes in unemployment we have experienced since abandoning the gold standard in 1971. The financial crisis of 2008, caused in no small part by the Fed’s efforts to stimulate the economy by keeping interest rates too low for, as it turned out, way too long is but the latest example of the Fed failing to fulfill its mandate to achieve either price stability or full employment.

The Fed’s most recent experience with Quantitative Easing also belies the entire notion that monetary manipulation can spur the economy. Between November 2010 and June 2011, the Fed tried to spur economic growth by purchasing $600 billion in Treasury securities, flooding the banking system with reserves and keeping interest rates low. In response the economy, which had been growing at a 3.4% annual rate, slowed to a 1% annual rate in the first half of 2011. Once, the Fed stopped supplying all of that liquidity, economic growth in the second half of the year accelerated to a 2.3% annual rate.

Second, the Fed does not use real time indicators of the price level. Instead, it views inflation through the rear view mirror of the trailing increases in the PCE. And, even when it had evidence of rising inflation — as it did in the first quarter of last year — it chose to temporize, betting that the spike in inflation would prove temporary.

This spike in inflation did prove temporary, as Fed Chairman Bernanke predicted at the time, but not for the reasons — a slack economy — that he cited. Instead, the growing debt crisis in Europe led to a massive shift in deposits out of the euro and into the dollar — an event totally out of the Fed’s control. Yet, this increase in the demand for dollars was far more important than any action taken by the Fed because it increased the value of the dollar and produced a slowdown in the inflation rate.

What we are left with is a trial and error monetary system that depends on the best judgment of 19 men and women who meet every six weeks around a big table at the Federal Reserve in Washington. At the end of a day and a half of discussions, 11 of them vote on what to do next. The error the members of the FOMC fear most when they vote is deflation. So, they have built in a 2% margin of error.

Given the crudeness of the tools the FOMC uses to set monetary policy, allowing for such a margin of error is no doubt prudent. For example, when the economy slowed in the first half of last year, inflation picked up, accelerating to a 6.1% annual rate during the second quarter. And, when the economic growth accelerated in the second half, inflation slowed. These results are the precise opposite of what the Fed’s playbook says are supposed to happen.

The best the Fed can do — an average debauch in the dollar’s value of 2% a year while producing recurring financial crises and a more cyclical economy — is demonstrably inferior to the results produced by the classical gold standard. Here’s just one example. The largest gold discovery of modern times set off the 1849 California gold rush and increased the supply of gold in the world faster than the increase in the output of goods and services. The price level in the U.S. did increase by12.4 percent over the next 8 years. That translates into an average of just 1.5% a year. The gold standard at its worst was better than the best the Fed now promises to do with the paper dollar.

The Fed’s best is hardly good enough. The time has arrived for the American people to demand something far better — a dollar as good as gold.

油價高企

2012-02-15T00:40:00.000+08:00

小心 !

錫安長老會絕密紀要 (2)

2012-02-15T00:21:00.008+08:00

利字當頭：越南發金瘋

2012-02-14T13:48:00.003+08:00

一位在溫室中長大人的思維 !

蘋果日報

昨日，《蘋果》財經的內版有一宗新聞，吸引了不少金甲蟲的注意。
話說，根據世界黃金協會的數字，原來去年按人均計，去年進口最多黃金的國家，是越南。越南政府見人民搶購黃金，計劃發行黃金證券，目的是「吸納私人持有的黃金」。
過去，無論是蒙古人統治下的元朝，抑或大蕭條後羅斯福做總統的美國，都試過要令黃金「去貨幣化」（ Demonetize）。開始的時候，去貨幣化不會太過野蠻，但最終總要靠禁止私人藏有及交易黃金，來達到這個目的，手段也會越來越高壓。

通脹劇烈　政治不穩

太平盛世的日子，正常人都不會想到去買黃金。去年越南物價指數上升 18.6%，但銀行最高利率卻只得 14厘。實質的負利率，才是將銀行存戶趕往黃金的真正元凶。
我和一些朋友見到這一宗新聞，想到的問題是：越南的政治局勢也應該有點不穩定吧。原來在過去一個星期，越南共產政府已經拘捕了九名異見人士。亦有分析指，越南有可能出現像幾年前阿拉伯之春式的政治運動。
事實上，越南雖然有經濟上的改革開放，但是政治上，仍然是由越共一黨專政。如果越南因為通脹出現政治不穩，最感到不安的，應該要是情況類近的中國大陸吧。當然，越南和中國大陸的條件各有不同，但通脹對社會帶來的影響，卻是跟隨同一套經濟規律發展。所以，北京對房地產及信貸那種想放又不敢放的矛盾，實在不難明白。雖然有評論說大陸今年的通脹會放緩，但我始終相信，以現時的客觀環境，大陸是抵受不了一次滯脹對社會的衝擊。

利世民

錫安長老會絕密紀要 (1)

2012-02-13T14:52:00.010+08:00

謝網友nlpsonia借來呢本書, 而因為書局無貨, 所以貼幾頁上來 !
可以按圖放大 !

投行一哥　中金裁員 30人

2012-02-13T12:47:00.003+08:00

蘋果日報

這邊廂港股衝上雲霄，那邊廂特首做大淡友，各間金融機構繼續裁員瘦身，最矚目當然係搞到滿城風雨嘅滙豐「攞你命三千」，華華以為內地經濟蓬勃，人工係咁加，應該可以避過今次裁員潮，點知噚日聽到消息話裁員潮殺到內地，主角仲係投資銀行一哥中金！

不嬲睇淡後市

華華喺彭博資訊度睇到，話中金因為盈利下跌，所以喺投行部門郁咗 30人。單嘢嘅可信性有幾高就唔知，但係中金發表嘅報告，一路都對後市睇得幾淡吓，舊年 9月已經將今年中國經濟增長預測下調，跟住 12月份報告仲嚇死人，話中央大規模投資刺激嘅可能性唔大，所以預期今年滬綜指會跌到 1680點，即係要跌兩成幾三成。

(李華華)

越南買黃金超越中國印度

2012-02-13T12:40:00.003+08:00

又出黃金證券呢招, 世界無新事, 歷史重演又重演 !

蘋果日報

【本報綜合報道】「將金條收晌床下底」可能是很多老一輩保護財產的方法，在越南更非常受歡迎。越南政府計劃取回黃金交易權利，限制私人黃金交易，以令黃金及貨幣價格穩定，保障社會經濟發展。

吸私藏黃金助經濟增長

黃金常被視為避險投資，世界黃金協會數據顯示，去年越南人均買金數量，已超越印度及中國，當地黃金價格亦上升 18%，遠高於國際市場的 11%升幅。越南政府留意到黃金熱潮，於是由去年開始計劃立法，將主要黃金加工及交易商西貢珠寶公司，納入該國央行管理。
越南人喜歡將買入的黃金收在家裏，越南央行估計當地在銀行體系以外有 300至 500噸的黃金，由越南國民私下持有。政府當局舉行一系列的推廣活動，並計劃以優質回報及保安優勢，吸引越南市民把黃金存到銀行。越南農業農村發展銀行珠寶公司行總裁 Nguyen Thanh Truc指，若利潤較高而銀行又有信譽，相信 80%市民也會把黃金存入銀行。

料更多資金湧黃金市場

越南央行行長 Nguyen Van Binh指，限制私人黃金交易，可助減低黃金價格波動及減少零售投資者進入貴金屬市場，更可令逾萬間珠寶公司離開黃金市場後，再度專注珠寶業務。他表示，若不能吸納私人市場的黃金，該國將不能有強勁增長。
越南的銀行最高利率達 14厘，但仍不及去年通脹 18.6%。經濟師分析，當地央行暗示今年越南盾或再貶值，令最近房地產市場及股票市場下跌，更多資金湧入黃金市場。
而越南人愛金的傳統已流傳上百年，多年來該國受戰爭、貧窮等因素影響，政局不穩，當地社會學家 Vu Duc Vuong指，「皇朝會倒下、貨幣會改變，但黃金是永遠的。」
去年 11月，越南央行前行長 Cao Sy Kiem指央行將發行黃金證券以吸納私人持有的黃金。現貨金上周五收報每盎斯 1722美元，下跌 0.4%。

中銀百元紀念鈔深圳炒至800

2012-02-13T12:19:00.002+08:00

幾時炒到金銀幣 ?
所以金銀價絕沒到頂 !

文匯報

香港文匯報訊（記者李昌鴻、馬子豪）中銀香港(2388)今起發行面值100港元的「中國銀行百年華誕紀念鈔」，市民今日可到中銀50家指定分行，即場輪候購買，以及登記預訂3連張及30連張。不少人都窺視炒賣商機，討論區已有炒家徵集港人認購，有本港錢幣店估計單張炒價將達250元，可謂未發先熱。本報記者昨日走訪深圳郵票市場，發現深圳炒家更瘋，開出的單張炒價已達800元人民幣，即是984港元，是150元發售價的6.56倍，炒風一觸即發。

　在近期港股走勢難以觸摸下，擅於把握投資機會的港人，又豈會錯過是次紀念鈔所帶來的獲利機會！據悉不少投資者準備掃貨炒賣，有的更計劃全家總動員認購升值潛力較高的連張套裝，以增加中籤機會。另有坊間消息指，上周已有個別錢幣店，以250元「預訂」收購單張紀念鈔。即使中銀只限持有香港身份證的市民認購，內地炒家亦可在分行外向港人「入貨」，加上中行更為內地人熟悉，相信炒風將比之前渣打發行的 150周年紀念鈔更甚。

內地炒家徵集港人認購

　本報記者昨日走訪雲集了近40家投資收藏郵票和錢幣商家的深圳羅湖書城五樓的投資收藏市場，記者向許多商家詢問有關今日中銀發行的中行百年紀念鈔的投資情況，綜合商家的意見認為，內地的投資者都期待這一投資機遇，指目前內地樓市受到限購令等影響，十分低迷，而股市震盪厲害，大家有錢都不敢投資，許多錢便流入收藏品市場，尤其是剛推出的紀念鈔。

　其中一家老闆是港人的商家源豐錢幣郵票社一店員表示，老闆今日將赴港收集中行百年紀念鈔，料會通過多種渠道從港人手中購入，之後再帶回深圳。他認為，3連張及30連張的中行紀念鈔較有投資價值，因為在香港不易購買且總體數量不多，而且目前海關監管更嚴，從香港攜帶大量紀念鈔風險大，因此，他估計會受到內地投資者的追捧，屆時將會有較大的升幅。

3連張30連張更受追捧

　而資深投資收藏商家高先生則表示，深圳投資收藏界目前對中行百年紀念鈔的期貨行價已升至800元人民幣，按目前人民幣兌港幣匯率1.23計算，合984港元，是中行紀念鈔發行價150港元的6.56倍。他也認為，內地投資者對3連張和30連張更感興趣，尤其是30連張的，但難於估計炒價是多少，相信價格肯定不菲。

　高先生說，他目前賣的澳門10元龍鈔，單張已從去年春節前的60多元人民幣升至100元人民幣，上漲了60%。他至今賣出千張澳門龍鈔，賺了近3000元。此外，內地2008年奧運10元面額紀念鈔已升至5000多元，上漲500多倍。

澳門10元龍鈔已漲價60%

　除了紀念鈔，記者從一郵票商家獲悉，在該大廳，龍年郵票受到投資者廣泛歡迎，一套面額24元人民幣 (下同)共計20小張的龍票發行價180元，昨日已猛升至400元，分別較面額和發行價上漲了16.67倍和1.22倍，但仍受到投資者的熱捧。一位魏姓的買家告說，他花了1,000多元買了兩套龍票以及其他小額龍票，作為長期投資。但有業內人士表示，目前的龍年郵票是市場非理性炒作，未來可能會步入調整徘徊階段。

今早金價波動

2012-02-13T11:56:00.001+08:00

Leeb - US Government Desperate & Scared Regarding Gold

2012-02-11T14:14:00.001+08:00

kingworldnews.com

Today Stephen Leeb told King World News the US government is now showing signs of desperation and fear regarding the gold market. Leeb is concerned the US is destroying its own currency and was not at all impressed by government efforts to label goldbugs as terrorists. Leeb is the acclaimed money manager who is Chairman & Chief Investment Officer of Leeb Capital Management. When asked how he responds to the government labeling him and others as potential terrorists for owning gold and suggesting people buy gold because the US is going broke after going off the gold standard, Leeb stated, “The nature of a comment like that strikes me as desperation. When you are turning up the printing presses, common sense tells you that you are destroying your own currency.”

Stephen Leeb continues:

“You could probably get away with that if there were not an alternative currency out there but there is and it’s called gold. People are scared to death and whoever is saying that in the United States is scared to death that people will pick up on gold as an alternative currency.

They are also probably scared that China is buying so much gold. So when you hear these kinds of comments coming out it tells me that somebody is really worried. But clearly those kinds of comments speak of some kind of desperation, that’s how I see it.”

When asked what he is focused on in the gold market, Leeb responded, “Clearly Berananke still has his foot on the accelerator, I think the overall outlook is very, very good for gold. Clearly with China buying a lot of gold, the outlook for gold is very good, especially given there is very little incremental supply of gold (available for sale). Gold paused because of Europe. No one knows which way Europe is going....

“Everything has stopped in front of Greece. What are they going to do? We really don’t know yet. Now a couple of scenarios emerge. They are ‘when’ scenarios. It’s ‘when’ will gold go up dramatically, not whether it will go up dramatically.

(One scenario) If something goes awry in Europe, that could easily lead to a sharp and very big selloff in gold, just as was the case in 2008. People sold gold because they needed liquidity. Gold went down sharply and then it just zoomed (higher). It was like a rocket ship on the way back.

If it happens it will be temporary and you should buy all you can possibly buy because if you think we are flooding the world with money now, wait until you see what happens if Europe really starts teetering. They will literally, as Bernanke once said, they will be dropping it (money) from helicopters.

I think gold is setting up for a big move. No deflationary hiccup, which is basically what I would guess is going to happen. They will work things out in Greece. It’s not 100% certainly, but I would place the odds somewhere between 80% and 90%. In that case, I think it’s all clear for gold.

You may get a little volatility but then gold is off to the races. You’ve got our Fed ready to hit the accelerator again. The Europeans know they have to get things going. China is getting ready to ease. China is buying more gold and the available gold (for sale) is shrinking. So you don’t have to be a genius to say gold is going to go a lot higher.”

巴菲特：股市將跑贏金債

2012-02-11T12:41:00.003+08:00

佢咁多錢, 當然唔須要金銀的保財富能力啦 !
金銀的功能是在金融體系出事時, 對沖紙幣的貶值 !
但在債市上, 佢說得好岩, 因為依家利息太低啦, 如果利息一升, 債券會是重災區 !

文匯報

香港文匯報訊　(記者周紹基) 近日包括「末日博士」魯賓尼及貝萊德行政總裁勞倫斯．芬克齊唱好股市後，「股神」巴菲特亦加入唱好行列，表示對股票前景長遠有信心，必會跑贏債券及黃金。

　《財富》網站刊登的巴菲特致股東函件指，現時應對債券投資貼上警告標籤，理由是債息極低，不足抵銷通脹，並指超低利率環境及通脹問題，導致持有債券及其他貨幣相關工具是極危險的投資。

債息極低不足抵銷通脹

　股神在股東函件內表示，雖然投資者持有債券可定期取得現金回報，但是在通脹上升的環境下，持有債券實際上摧毀了投資者的購買力，因目前的債券息率根本不足以抵銷投資者損失的購買力。至於其他貨幣市場工具，也有同類危險，而巴郡持有美國國債的唯一原因，純粹是保障一旦公司急需現金時，方便套現。

金市泡沫遲早會爆

　對於黃金，他形容為一項「無生產力」的資產。他說，近年金價反覆上升，主要是投資者對其他資產缺乏信心，並相信這個憂慮會繼續擴散，但巴菲特不以為然，又以當年科技股泡沫及樓市泡沫為例，相信金市泡沫遲早會爆，又認為投資者應避免購入黃金，因為這工具回報有限。

　魯賓尼日前也轉ɜ唱好股市，因為未來數月，聯儲局及歐央行繼續維持低息政策，提振股市，令投資者將資金投入股市獲得回報。芬克更表示，投資者應將投資100%全押於股票，並指十分看好股市前景，理據之一是歐美央行，將會不斷向市場注入資金。

　雖然巴菲特以往亦多次唱好股票，但同一周內三位重量級投資人物表示看好股票，可見市場樂觀情緒正上漲，但根據相反理論，當市場上愈多人看好某類投資產品，反而預示著有關產品可能接近見頂。

青心直說：發達秘笈知易行難

2012-02-10T12:16:00.001+08:00

蘋果日報

座落於德輔道中滙豐銀行總行旁邊的渣打銀行大廈，很多中環人還真的以為是渣打銀行所擁有，其實真正的業主係恒隆集團（ 010）。許多大企業都在集團總部自設宴會廳，而恒隆與渣打也不例外，俱於 28及 29樓設置了宴會廳，小女子亦曾有幸與眾行家品嚐兩家名廚主理的菜色。
集團在內部刊物「連繫恒隆」 1月號中，難得讓一眾中港管理培訓生（ MT）向董事長陳啟宗提問，並邀請了其中 6位出席與董事長進行互動交流式的訪問。恒隆手頭現金 270億元，且還有淨現金在手；每年租金收入 60億元，而年年上升。
以前被批評手上太多現金，在眼下現金為王的世界，投資者反而覺得穩陣。除香港外，在上海、大連、瀋陽、濟南的商場寫字樓佈局陸續成形，問陳老闆對恒隆 10年後的宏願與期許是甚麼，他說相信 10年後，恒隆應該是全國公認最優秀的商業房地產商。他亦曾在 3分鐘之內，與一班主修房地產的學生，分享其經營之道，並透露其從事地產行業的發達秘笈。第一，做地產最重要的三件事，又係離不開 Location、 Location、 Location；第二，就係低買高賣。
恒隆內地商場賣概念

智者之言，原來等同阿媽係女人的老生常談，但卻事不離實，人人都知，但知易行難。假如要陳先生在 1分鐘內作分享，不知他會否再濃縮一點，索性以天時、地利、人和作答；又或者要在 3秒鐘內作答，應該係時機與命水。
恒隆在內地的商場項目，閒閒哋以千萬呎計，建築面積係香港的幾倍以上， HL Malls在內地打品牌，靠全開放式、多層、有中庭設計，賣 Lifestyle、賣概念，把西方生活模式移植過來，但你問我，關鍵還不止在於硬件，而係軟件，還有是如何配合周圍的生活圈。

胡孟青
獨立股評人

紙金紙銀減按金

2012-02-10T11:52:00.002+08:00

可能因為多人轉買實物 !

silverdoctors.blogspot.com

CME Slashes Initial & Maintenance Margins for Gold & Silver!!

In an obvious sign that the CME is suffering from a massive exodus of investors in the wake of the CME refusing to make MF Global clients whole over their losses in the MFG bankruptcy (as well as due to manipulative consecutive margin hikes last May), the CME is attempting to draw speculative traders back into the PM paper market by slashing margins for gold and silver.
Yes, you read that title right. The CME has just announced initial and maintenance margin cuts for silver (13%), gold (12%), platinum and copper!
This means silver's maintenance margin is reduced to $16,000, and gold's to $7,500.

還是沒有突破性變化

2012-02-10T00:37:00.000+08:00

「見包搶包，見手機搶手機！」東莞匪幫圍搶大巴客

2012-02-08T18:34:00.002+08:00

黐線 !

hk.news.yahoo.com

(綜合報道)(星島日報報道)「好誇張，好恐怖！他們見包搶包，見手機搶手機！」一輛滿載乘客從廣州開往東莞的大巴，前天凌晨剛在東莞萬江總站外停車，十多名男子立即有組織地圍上前，明火執杖搶劫乘客十多分鐘，然後坐車揚長而去。被搶乘客痛斥東莞治安太差，「這種大規模的搶劫都會發生！」警方稱已介入調查。

　　廣州《南方都市報》報道，前天凌晨三時許夜色朦朧，廣州二汽公司一輛載有五十四名乘客、從廣州火車站開往東莞的大巴，緩緩靠近東莞萬江汽車總站。

　　乘客多是回鄉過年後返回東莞的打工仔，因旅途勞頓，大部分當時在巴士上小睡，完全沒想到已被一夥歹徒盯上。

　　十多名男子圍着大巴

　　來自河南南陽的乘客盧廣範說，他起身迷迷糊糊地往車前部走想下車，但看到車外有十多名男子堵住車門，阻撓乘客下車，另外有人則已強行打開大巴的行李箱門，把乘客的行李搶走。

　　「那些男子見包搶包，見手機搶手機！」在東莞某鞋廠打工的湖南女孩鐘希心有餘悸地回憶，坐在前排的乘客下車後，隨即被男子們圍搶，「我一下車，男子就圍過來，搶我身上揹的挎包，還把手伸進我口袋裏，搶走手機。」

湖南醴陵女孩瞿巧是被搶乘客年齡最小的一個，她不滿十八歲，這是首次到東莞，計畫投奔已在這裏打工的姐姐。

　　瞿巧看到自己的行李被歹徒拉走，她奮不顧身衝下車，死死抱住行李，奈何搶匪人多力大，不僅拉走她的旅行箱，一男子更將手伸進她的外套口袋，搶走她父親為她新買的一部三星牌手機。瞿巧訴說被搶經過時，忍不住哭了。

　　汽車公司派800元安撫

　　整個搶劫過程持續十多分鐘，十多名男子坐上開來的廂式車揚長而去。據統計，至少三分之一乘客的行李被搶走，不少人還被搶走手機和錢包。

　　廣州二汽公司表示，被搶車輛是臨時加開的班車，所以不能進站，就停在站外的茶葉批發市場門口讓乘客們下車，以往曾偶爾有個別乘客下車後被搶，像這次十多人圍搶大巴的事件還是首次遇到，報案後，警方已介入調查。該公司隨後向被搶乘客每人派發八百元人民幣安撫情緒。

香港的失落一代

2012-02-08T13:05:00.002+08:00

蘋果日報

世文哥講日本的失落一代，令我不期然想起我們的香港，尤其年輕一代，未曾如此失落過。講到最失落的一項，莫過於樓價飛升，致令他們無法安居樂業。初生之犢理應雄心壯志不怕虎/苦，但他們卻因難以上車，而對明天失去希望。只不過買樓，可以是投資，或者投機，又或者投資同時投機，是甚麼時候開始，成為人生的必須？
不少年輕人埋怨他們生不逢時，錯過了香港經濟起飛 7、 80年代。其時百業興旺，商機處處，所以做幾年工作，就可以買樓又買車，買完可以換，換完之後可以嘆紅酒，然後兼嘆世界。又慨嘆今日的香港，工種越來越少，缺乏可以「發圍飛黃騰達的機會，前途出路及好工都難求。更慘的是備受老闆的壓榨剝削，被迫要為那可恥的收入賣命。我是如今才知道，原來以前的香港，是那麼的美好！

以我的親身經歷，那是人浮於事搵食艱難，全無社會福利員工保障的日子。食指浩繁手停口停，還要節衣縮食，寄錢寄物資返鄉下接濟內地親友的艱苦年代。誰負擔得起在家中等運到揀工做？肯定只有瞓街兼餓死。那時的樓價的確低，不過樓價低時人工更低，買樓是一家人的奮鬥目標。講到教育，有天台小學讀經已難得，讀大學是遙不可及的夢想。所以大學生，是人人艷羨的天之驕子。

但時至今日，擺在眼前的事實卻是，大專教育越是普及，畢業生水平越是低落，那畢業證書，甚至連最基本的語文能力亦證明不了。
我敢問年輕人一句，在對社會有那麼多不滿的同時，又可有曾經為家庭，為社會作過些甚麼貢獻？
思來想去，最應該失落的，可會是我們這一代？

張慧敏（ COREsearch Ltd）

消費得「喜」：定息按揭助穩定供款

2012-02-08T12:53:00.000+08:00

文匯報

Citibank 環球個人銀行服務銷售網絡及抵押信貸業務總監林智剛

　根據本港2月3日公佈之數字，現時一個月的銀行同業拆息若為0.36%左右，然而，基於銀行資金成本及整體貸款需求，市場普遍認為按揭息率有機會作出調整，這無疑令有意置業人士較難預算每月供樓支出。事實上，自去年至今銀行多次加息，令H按與P按的按揭息差逐步收窄，以往較吸引置業人士的H按之優勢亦不斷減少，不少新置業人士都選擇P按計劃。根據金管局的最新數據，2011年12月份新批按揭貸款中，佔近9成採用最優惠利率按揭（P按），而選擇同業拆息按揭（H按）的只佔不足一成。

銀行視乎客戶能力制定息率

　然而，與上兩種普遍的按揭計劃比較，定息按揭計劃可能顯得較具競爭力，為業主提供另一選擇。所謂定息按揭，就是客戶可於特定期限內（一般為3年）獲固定的按揭息率，令業主對按揭供款更有預算。現時市場上提供的定息約為2.7厘左右。銀行更會視乎客戶的供款能力及還款年期等而制定不同的定息息率。對於希望穩定每月按揭供款及利息支出，以及不打算於短期內出售物業及的業主，定息按揭最為適合。

首次置業選擇定息較有保障

　有意買樓人士，尤其是首次置業，亦可考慮定息按揭，藉有關計劃把按揭利率在首兩至三年鎖定於一個指定水平，無論外圍息率如何波動，每月按揭供款均保持不變，為自己提供最佳保障，避免因為息口波動，導致增加每月供樓支出。

金銀chok 上 chok 落

2012-02-08T00:28:00.003+08:00

呢幾日金銀chok上chok落, 但沒能突破 !

東洋有Britannia 賣

2012-02-05T11:12:00.004+08:00

前天出去洗牙, 之後走去旺角行一轉, 見到東洋有 2010, 2011和2012 Britannia 賣, 大約三百幾、四百幾蚊一枚 ! 本人已有2011和2012 Britannia, 而因為舊版貴好多, 所以唔考慮儲成套 !

東洋還有:
2012鷹楊, 2012楓葉($330, 全埸最平), 2012樹熊($345), 2012笑翠鳥($380), 2012銀龍($500), 舊版天使, Morgan 一盎司銀塊, 一盎司銀Buffalo..... (無打出價錢的是因為唔記得啦)

舊版天使本人唔買, 因為也無打算儲太多的天使銀幣, 而Morgan 一盎司銀塊和一盎司銀Buffalo 也唔會考慮 !

37mm 和 38mm 膠盒就沒有貨 !

加拿大野生動物第四隻銀幣

2012-02-04T13:09:00.003+08:00

www.apmex.com

瑞士查 12行涉操縱 Libor

2012-02-04T12:40:00.001+08:00

蘋果日報

【本報綜合報道】外電報道，瑞士當局昨日表示，已針對 12間美國、歐洲及日本銀行進行調查，指這些銀行涉嫌合謀操縱倫敦銀行同業拆息（ Libor）， Libor一直被用作制定數百萬億美元金融產品的基準利率。
瑞士反壟斷部門 COMCO昨表示，已收到有關 Libor及東京銀行同業拆息（ Tibor）的衍生工具交易員之間，可能互相勾結的消息。 COMCO指，為幾間金融機構工作的衍生工具交易員可能曾私下就利率信息作出交流，而這些行為可能會產生協同效應，令以這兩種利率作為參考利率的衍生品市場環境受人為操控。

RBS、滙控等牽涉

Libor自銀行同業間拆借利率而衍生而來，每日由英國銀行家協會（ BBA）公佈，該會會選定一批銀行，每間報出各期限的同業拆息，以此確定當日的 Libor。目前全球有逾 350萬億美元的金融衍生產品以 Libor作基準利率，故 Libor些微的變動都對收取的利息金額產生很大的誤差。
現時被調查的銀行包括花旗、瑞信、德銀、滙控、摩根大通、蘇格蘭皇家（ RBS）、法興及瑞銀等 12家歐、美、日大行。據悉，美國和英國有關單位亦曾展開調查，了解銀行是否在金融危機之際刻意低估 Libor以降低借貸成本。
事實上，一位上月被指因操控 Libor而被 RBS解僱的新加坡交易員表示，該行實際上是默許這種操控行為，他被解僱只是因銀行作出內部調查，被當成「替死鬼」。這名交易員事後向新加坡法庭指控 RBS無理解僱，他作供時指 RBS從未就員工交流利率信息或指令作出規管，銀行明顯是默許這種行為，目的是將 Libor定在能給銀行帶來最大獲利的水平。

金銀和美元同樣回吐

2012-02-04T12:21:00.002+08:00

金銀破位上

2012-02-03T00:30:00.000+08:00

睇下企唔企穩先 !

Alf Field - WHAT ABOUT SILVER?

2012-02-02T14:13:00.002+08:00

www.gold-eagle.com 全文+圖解

I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. As I own some silver bullion and a number of silver mining shares, the question caused me to pause and take a closer look at silver. The reason why I have written very little about silver in the past was because the beautiful Elliott Wave (EW) symmetry and predictable relationships visible in gold were not to be found in silver. I first wrote about silver in December 2003 in an article titled "US Dollar Implosion - Part II". The link to this article is at: http://www.gold-eagle.com/editorials_03/field120503.html.

"In past crises, the wealthy protected themselves by purchasing gold and gold related assets. Ordinary people, by far the greater number, could rarely afford to buy gold. Being far cheaper, they previously had to buy silver. This metal became the poor man's choice as an asset to protect their savings. Silver has so far lagged gold in the early stages of this bull market, but that situation seems about to change."

"Throughout recorded history the average relationship between silver and gold has been 15oz silver to 1oz gold. The ratio at present is a far higher 75:1 ($400/$5.30). This is massively out of line. If gold were to double to $800 per oz, it would not be unreasonable to expect the silver/gold ratio to decline sharply, possibly as low as 40:1. With gold at $800, this would position silver at $20.

Thus a 100% increase in the price of gold could possibly be accompanied by a simultaneous 400% increase (perhaps more) in the price of silver. This offers significant opportunities both in silver bullion and silver mining shares.

The above graph of the price of silver has been borrowed from an excellent recent article by Dan Norcini entitled "A Technical Look at Silver - Update". What is quite clear from the graph is that silver's 22-year bear market down trend has come to an end. As Dan Norcini says, a new bull market in silver has been born. It is difficult to argue against this contention and I have no intention of doing so. A silver price above $6.80 would complete a fabulous head-and-shoulders base formation. With this as a foundation, it would be possible to project a very large rise in the price of silver for the future." - end of the December 2003 quotation.

Silver did reach $20.68 in March 2008 at the same time that gold peaked at $1003. The silver to gold ratio was thus 48.5 in March 2008. The lowest this ratio has reached is about 32, achieved at the end of April 2011 when gold was around $1570 and silver peaked in the $49 area. At that point gold had experienced a 6-fold increase from its bull market starting point of $255 while the silver price rose 12-fold from its bull market starting point of $4 in November 2001.

The quick answer to the question of what the silver price will be when gold gets to $4,500 is to pick your favorite silver/gold ratio and divide it into $4500. The current ratio incidentally is about 51. If you choose the lowest ratio achieved since 2001 of 32 that would produce a silver price of around $140 ($4500 divided by 32).

This is not a satisfactory answer, so I decided to approach the Elliott Wave analysis of silver from a different angle. Instead of working upwards using the analysis of the minor waves, which was the technique used in the gold calculations, what if we worked backwards in silver starting with the larger waves?

Gold and silver tend to move in tandem, not in an exact synchronization, but enough to suggest that the Major waves of both metals should coincide from a time perspective. We know that in gold the Major ONE wave peaked in March 2008 at $1003 and that Major TWO declined to $680 in November 2008.

Silver also had a peak in March 2008 at $20.68 and declined to an important low of $8.77 in November 2008. If we assumed that the peak at $20.68 in March 2008 was the end of Major ONE and the decline to $8.77 the end of Major TWO, how would the various percentages work out? When I did these calculations I was astonished at the relationships and wave counts that emerged.

This is mind-blowing stuff for an analyst who did not believe that EW applied to silver!

We can now attempt to make some price forecasts. Silver, as with gold, is starting intermediate wave 3 of Major THREE, which should be the longest and strongest wave in the bull market. It should certainly be longer than intermediate wave 1 which was the gain from $8.77 to $49.52, or +464%, as shown above.

Thus the gain in wave 3 of Major THREE should be larger than +464%. It should be a gain of at least 500%. Starting from the $26.39 low, a gain of 500% would produce a target price of $158.34 for silver. That is the number which equates with the $4500 price forecast for gold and produces a silver to gold ratio of 28.4 ($4500 divided by 158.34).

The gain in gold was forecast to be 200% for this move while the forecast rise in the silver price is 500%. Silver is again predicted to perform better than gold based on these EW calculations.

A word of caution is appropriate at this stage. All EW studies are based on probabilities. While the wave counts may provide a high degree of confidence in the forecasts, one cannot be 100% certain of any forecast. It is necessary to have a point at which it is obvious that the forecasts are wrong. In the case of this silver study, the line in the sand is at $26.00. If the silver price drops below $26.00 the odds are that the above calculations will not work out.

A further word of caution: silver is not for the faint hearted. Silver is considerably more volatile than gold and the corrections are much larger. Silver corrections can and do happen quickly. They are emotionally gut-wrenching and it is easy to get shaken out of one's position near the bottom of a large correction.

Alf Field

1 February 2012

金價超買慎防回吐

2012-02-02T11:51:00.001+08:00

文匯報

英皇金融集團總裁黃美斯

　倫敦黃金一月份高收，共錄得173美元升幅近11%，為去年8月份以來最大升幅。踏入2012年金價得以提振主要受美國聯儲局宣佈將維持超低利率至2014年底有關，再加上歐洲債務危機揮之不去，美國近期經濟數據轉趨放緩令投資人對全球經濟復甦出現擔憂，都利好黃金價格造好。市場憧憬美聯儲局將推出新一輪資產購買計劃，美匯指數於一月中升至15個月高位81.78後大幅回落至79水平。歐盟主席巴羅佐周二表示，希臘與民間債權人對換債談判有望於本周末前達成協議，以避過於本月及三月間希債到期違約風險。周二晚美國供應管理協會（ISM）公布1月份芝加哥採購經理人指數（PMI）由前月62.2水平回落至60.2點，反映美國中西部地區生產力出現回落，再加上美國 11月標普/Case-Shiller房價指數按年下跌3.7%，大於市場預期下跌3.2%，打消房地產復甦的寄望。美匯指數跌至7周低位見78.74水平，金價則升回至1,747美元。

　走勢方面，金價在一月份累積不少升幅，幾乎追回去年12月下跌的幅度，現時離12月份高位 1,763美元不足20美元，若成功突破將有望試回1,800美元關口阻力。金價自去年9月造出1,922美元歷史高位後大幅回挫近兩成至1,530美元後，反彈最高只限於1,803美元，相信此水平將出現較明顯壓力。支持位方面，較近期支撐可留意1727水平，若能守於此區上方，預期金價傾於反覆高走機會較大，此外1月關盤至今未有失守9天平均線支持，目前9天平均線處於1,710美元水平，若失守此區金可能出現較深化回調，試回1,700美元水平下方，至1,695及1,680美元水平才獲較大支撐。

　建議策略：1,750美元賣出黃金， 1,762美元止損，目標 1,728美元及1,713美元

白銀月餘升23%有壓力

　倫敦白銀方面，踏入1月份銀價大幅回升，完全追回12月份的跌幅，最高升見34.11水平。自年初開盤於27.71美元至今，銀價已大幅攀升6.4美元約23%，現階段高追將面對回調的風險。上月銀價也是沿9天線平均線上升，現時9天平均線在 32.96水平，若失守此線將出現回調壓力，下方支持可能回調至100天平均線於32水平。若以去年12月低位26.15回升至34.11計，回吐 38.2%則可看至31.10水平，回吐50%則可能下探至30.10水平。阻力位方面，上方34.5美元是首個阻力，其次200天及250天平均線分別處於35.15及35.7水平也將遇阻力重重。

金銀遇阻力

2012-02-02T00:50:00.001+08:00

金在1750, 而銀在34 !

FBI to use Twitter to predict crimes

2012-02-01T00:48:00.002+08:00

www.telegraph.co.uk

The FBI is trying to develop software that will scan Twitter and Facebook to look for ‘emerging threats’.

The Bureau is asking companies to build software that can effectively scan social media online for significant words, phrases and behavior so that agents can respond.

A paper posted on the FBI website asks for companies to build programs that will map sentiment and wrongdoing.

Although the software would only be able to look at information already in the public domain, free speech campaigners have raised concerns.

Jennifer Lynch, from the Electronic Frontier Foundation, told New Scientist that it could erode the sense of freedom provided by the internet. “These tools that mine open source data, and presumably store it for a very long time, do away with that kind of privacy. I worry about the effect of that on free speech in the US,” she said.

A spokesman from Privacy International told the BBC that the move risked placing large numbers of people under surveillance.

The FBI has previously been suggested that ‘scraping’ social networks is reasonable. The Department of Homeland Security claimed earlier this month that “information posted to social media websites is publicly accessible and voluntarily generated. Thus the opportunity not to provide information exists prior to the informational post by the user.”

The Bureau is currently asking potential contractors to estimate costs and suggest solutions. It is seeking software that can “enhance its techniques for collecting and sharing ‘open source’ actionable intelligence".

The proposed web portal will be able to translate from foreign languages as well as detect patterns of users misleading the police.

Although the police, including in Britain, already use Facebook routinely to ascertain the whereabouts of criminals, automatically filtering out irrelevant information remains challenging. The new FBI application will be able to automatically highlight the most relevant information. The FBI is seeking responses by 10 February.

Gold Ready to Smash Through $2,000

2012-01-31T14:57:00.002+08:00

kingworldnews.com

Today James Turk told King World News that gold is very close to beginning a move that will take the ‘Metal of King’ smashing through the $2,000 level. Turk was even more outspoken on where silver is headed and included a chart. Turk, who was interviewed out of Spain, had this to say about where gold and silver are headed in coming weeks: “The logical question here, Eric, is after the big week we had last week, will silver drop back to give buyers one more chance to buy the dip? A dip is logical given silver’s 6.5% gain last week. On the other hand, as we noted in the last blog we did, sometimes the dips can be very shallow.”

James Turk continues:

“The important point to keep in mind is while silver may look high compared to where it started the month, to me silver looks cheap compared to its upside potential over the next few months. So don’t wait for a big pullback to buy. If today is the day where you purchase silver each month, go ahead and make the buy. Don’t try to time the market.

This following weekly silver chart is really looking very powerful and as I have been saying, once silver hurdles above $35, I expect to see $68-$70 in 2-to-3 months.

“There is, of course, no guarantee that silver will successfully hurdle $35 on its first attempt, but we need to get ready just in case it does. By ‘get ready,’ I mean we have to prepare ourselves mentally - to eliminate the emotion and watch what silver is telling us. This can be very hard to do, but it is essential. Otherwise you will miss the big moves, and it is riding these big moves to the fullest extent possible, from start to finish, where the big money is made.

Regarding gold, I don’t think people realize that gold could explode from current levels. I think the potential for explosion is there and what you are going to see is not only silver on the move, but you will also see gold smash through the $2,000 level.”

When asked what’s happening in Europe, Turk responded, “It looks like Greece is ready to blow up, Eric. The Greeks have rejected German-led calls for the EU to start managing Greek government finances. That would mean the complete loss of Greek sovereignty, so the Greek finance minister obviously rejected that dictate.

Consequently, it looks like Greece is not going to get its next bailout, meaning it will default. But there’s a lot of other bad news in Europe as well. Spain is in a depression with its youth unemployment rate now over 50%. France just raised the VAT (Value Added Tax) to 21%. Imagine, Eric, paying 21% to the government for everything you purchase.

This is why the underground economy is so large and growing in Europe because people need to survive. Across the channel, the UK is sliding into what looks like a deep recession.

To make things even worse, on the other side of the Atlantic, the Federal Reserve announced they are going to destroy savers by keeping interest rates below the inflation rate for another two years. It is really tragic, Eric, how governments are destroying capitalism, but as Ludwig von Mises warned us, governments will destroy free markets and economic activity long before they understand how they work.”

官媒：不能讓投資市場掠奪民眾

2012-01-31T12:51:00.000+08:00

文匯報

香港文匯報訊　《人民日報》報道，內地不少投資股市、基金、理財產品的民眾，在市場漲跌之中，財富卻被一大口咬掉。因此，有必要進一步加強市場秩序的建設，絕對不能讓投資市場掠奪普通民眾的財富。

　大多投資者在心理上可以接受自己能力不濟、運氣不佳帶來的經濟損失，比如投資黃金白銀市場虧損的客戶，大多是在反思自己的投資策略。但另一方面，投資者非常難以面對市場秩序混亂、監管漏洞、法律缺位帶來的財富災難。因此，從管理者的角度來看，有必要進一步加強市場秩序的建設。近幾個月，證監會監管風暴升級，共打擊了幾十宗違法違規案件，讓不少投資者拍手叫好。

　因此，對內幕交易、利益輸送和市場操縱等「從民眾口袋裡偷錢」的行為處以重罰，對創業板套現熱和理財產品亂象給予合理的制度規範，已是當務之急。絕對不能讓投資市場成為獵殺普通民眾財富的叢林，只有給予投資者一個公平有序的市場環境，才能避免財富兩極分化，才能讓經濟可持續發展。

2012: Earth's Equator after 40 degree Axis Shift

2012-01-30T20:59:00.002+08:00

www.youtube.com

南北極走位, 亞洲和澳洲走咗上去, 而北美走咗落來, 第日香港落雪就奇景囉 ! 慘, 我好怕凍的 !

War, Bank Runs, Riots & Gold Going Mainstream

2012-01-30T15:51:00.002+08:00

kingworldnews.com

With news from the Fed causing tremendous upside action in gold this week, and reports coming in from Los Angeles describing a massive military exercise in the streets of Los Angeles, today King World News interviewed Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world. Celente had this to say about the Fed announcement and subsequent press conference: “You can see what’s happened to gold prices and how they’ve spiked up. There’s no way out and it’s not only the Federal Reserve, it’s also the European Monetary Union. Look at the games they are playing. We just saw, at the end of 2011, the ECB giving away some $600 billion in loans to banks at virtually no interest rate so they could buy up the bonds of Italy, Spain, Portugal, Greece and Ireland. Nobody wants to touch these bonds.”

Gerald Celente continues:

“Look at what’s going on all over the world, there’s no way out of this. What they are doing by keeping interest rates low, through 2014, my God, this should be headline news, the raping of the American public. So this is a collapse in the making, right in front of everyone and gold prices and silver prices don’t lie, they’re reflecting it.”

When asked if Jim Sinclair’s statements that mainstream companies like GE, tech companies and others would enter the gold market, if this was a new trend, Celente responded, “I believe so. I believe a lot of people are going to move into gold. It’s going to go mainstream and it’s going to continue to go mainstream as you see more bank runs and riots....

Celente had this to say about urban military training in civilian areas of Los Angeles: “Wasn’t it on New Year’s Eve, when you were trying to celebrate, that Obama signed into law the National Defense Authorization Act? So when I say fascists, it’s right there in front of you. It’s the ‘No Bill of Rights.’

They could take anybody out there that disagrees with the government, call them a ‘belligerent of the state’ and the military could come and take them away with no charges. No judge, no jury, no trial and Jack you’re dead. I’m saying, Eric, I believe they are instituting Battlefield America in this country and others as the system collapses.

(We’ve been talking about) Economic Martial Law and now you have the military in control, to make sure it doesn’t get out of control. Think about what would happen with a bank holiday. The systems are in place to keep the people in place. So I believe they are putting in Martial Law to support Economic Martial Law.

With the National Defense Authorization Act they repealed the 1878 the Posse Comitatus Act, which used to prevent the military from taking over police duties. This is against the Constitution in every manner possible.”

Celente also issued this warning regarding the State of the Union Address: “If I were to ask everybody, how did this speech start and how did it end? Most people won’t remember. But I can tell you how it started, it started with war and he ends it with war. He starts talking about Iran, the President is prepping the people for war. He began it with war, his State of the Union Address, and he ended it with war. Get ready for war.”

愛帶食物赴澳華客不知違例

2012-01-30T12:56:00.001+08:00

東方日報

【本報綜合報道】澳洲開恩茲機場上周從大批中國旅客的行李，搜獲數以百公斤計違反生物保安法的物品，並載滿五個垃圾箱，包括豬腳、冬蟲夏草、鴨蛋及燕窩等。當局表示，多數中國旅客都不知道有關法例，顯示有需要在國際間宣傳生物安全法。

機場生物安全官員史密斯表示，上周農曆新年假期開始後，大批中國旅客抵達澳洲，但均被發現違反當局的生物安全法，攜帶大量食物入境，包括蔬果、果仁、雞腳、雞內臟及豬肉。有人更帶有冬蟲夏草、燕窩及一隻仍然溫暖的熟鴨。

史密斯稱：「每個旅客都有某些物件需要申報。」當局為此在機場安排翻譯員，以向中國旅客解釋這些違規物件不能入境，但發現大部分人都對有關法例不知情。當局預料更多中國旅客將於近日入境，違規物品可再填滿三個垃圾箱。

騙黨奇招道具抵押詐財

2012-01-30T12:43:00.002+08:00

東方日報

【記者鄭華坤】借錢借手機黨詐騙手法層出不窮，除假扮遊客訛稱「冇港紙」或「手機冇電」外，更出動「提款卡」及「利是」等道具作抵押，令受害人信以為有借有還，一名女騙徒去年底在屯門以一張假銀行卡作抵押，騙得一名少女借出二千元財物；另有男騙徒在沙田訛稱希望以人民幣兌換港幣，但因「攞唔切錢」，以「利是」作抵押，成功騙去一名老伯六百元，當老伯打開利是一看，竟發現是一張五百元陰司紙。

警方去年接獲一百零二宗街頭騙案，較前年大幅上升六成五，其中寶藥黨勁升逾兩倍，祈福黨上升近一點四倍，借錢借手機黨亦上升近九成。

最細受害人僅九歲

警方商業罪案調查科總督察孔慶勳表示，借錢借手機騙徒通常假扮遊客，訛稱無現金或手機無電，博取受害人同情，最細的受害人年僅九歲，而最新的犯案手法是出動道具作抵押。去年十一月，內地女騙徒向廿多歲的女事主借錢及借手機，總值約二千元，並以一張偽造銀行卡作抵押，幸被巡警撞破，女騙徒被警方落案檢控，警方不排除她涉及多宗同類案件。

去年一月一名內地男騙徒在沙田向一名老伯訛稱，可用優惠兌換率兌換港幣，但因「攞唔切錢」，要求老伯先借出六百港元，並以一封利是作抵押，但當老伯打開一看，竟發現是五百元陰司紙。

分工精細兼有劇本

另外，祈福黨騙案急升一點四倍，孔表示，騙徒甚有組織性，除有「劇本」外，每次出動五至六人，有男有女，男的負責「睇水」，女的分演不同角色，為防被銀行職員識破，騙徒不再要求受害人到銀行提款，而是在周日及假期犯案，要求對方拿出金器及現金祈福。

商罪科偵緝高級督察簡志韶表示，騙徒會預備兩個環保袋，一個擺放事主財物，一個放滿生果，當祈福完畢，會將放生果那一袋交給事主，吩咐七日內不能打開，因案發地點往往十分偏僻，一般無閉路電視令警方難以追查，一名六十九歲老婦去年九月在將軍澳被騙去六十多萬元金器及現金。

曾蔭權談歐債「從未如此驚慌」

2012-01-29T21:02:00.002+08:00

星島日報

2012-01-29 (08:45)

出訪瑞士的行政長官曾蔭權，到達沃斯出席世界經濟論壇年會。

曾蔭權與各國代表分享自己從政40多年，主理財金事務的經驗。對於歐債危機，他坦言：「從未感到如此驚慌。」

曾蔭權又重提自己當年應對亞洲金融風暴時，入市購股票的行動，促請歐美政府果斷行動。他還提到要協助基層市民，確保他們生活穩定，起碼付得起電費。

與曾蔭權同場的，包括國際貨幣基金組織總裁拉加德、英國財長歐思邦和日本財務大臣安住淳等，席間各人都談及如何應對歐債危機。

金銀繼續向上行

2012-01-28T12:08:00.000+08:00

銀跑第一, 金第二

2012-01-27T00:47:00.000+08:00

Kitco 有2012樹熊賣啦

2012-01-26T22:46:00.001+08:00

親愛的客戶:

金拓推出兩款全新2012年版澳洲樹熊銀幣，現正在香港金拓發售。銀幣是由澳洲柏斯鑄幣廠發行，每枚銀幣均有透明獨立膠盒包裝。您現可在本公司優先訂購，請致電我們的客戶服務熱線 (852) 2827-7800查詢產品價格及下單。

另外，尚有多款早前缺貨的產品亦已恢復供應，其中包括1盎司鈀金塊及1千克金塊等，詳情請瀏覽本公司網頁。我們在香港辦公室的營業時間為星期一至星期五，上午9:00至下午5:30。金拓將繼續為您服務，配合您對貴金屬的需要。

金拓(香港)金屬有限公司謹啟

小心超買

2012-01-26T17:07:00.000+08:00

創興客戶保險箱失 10萬金飾

2012-01-26T12:41:00.002+08:00

蘋果日報

【記者伍雅謙報道】將貴重物品放入保險箱，無非想財物安穩存放。有創興銀行保險箱客戶，開箱竟發現不見了數件價值逾 10萬元金飾，包括一件流傳數代的傳家之寶，質疑保安系統有漏洞，已報警並擬透過民事索償追討。
梁女士於 03年起與胞妹聯名在創興銀行位於彌敦道分行開設保險箱，存放逾廿件金飾，包括頸鏈、手鐲及戒指。前年 4月她倆一同查看保險箱，發現部份金粒及刻有名字的首飾不翼而飛，「其中一條金鏈係太嫲嗰代留落嚟，傳咗幾代，好有紀念價值」。
梁女士認為銀行疏忽導致失竊，已報警並向金管局投訴。創興銀行回覆本報指已將調查結果告知梁女士，並無任何補充。根據梁女士提供的銀行信函，該行指翻查保險箱出入紀錄等資料，未發現程序疏忽或出錯。

銀行稱沒持有鎖匙

該行稱，租戶開立保險箱時獲發兩條鎖匙，該行並無持有租戶保管的鎖匙。根據該行《保管箱章則》，租戶須自己承擔風險。
金融管理局現正跟進個案，過去兩年共接獲 5宗銀行保險箱投訴。惟該局指受《銀行業條例》的保密條文所限，不評論事件。
保險箱鎖匙經專門配製，坊間不易配得。香港銀行業僱員協會主席李麗貞指：「要客戶連同銀行持有嘅公匙，先可以開到，客戶遺失鎖匙就要爆箱」。她表示銀行一般會在保險庫出入口設置閉路電視，但基於私隱，保險庫內未必會有。
城市大學經濟及財務系副教授李鉅威指出，除非有證據證明銀行疏忽，否則客戶需自行承擔風險，「銀行唔會知道你放乜落保險箱，好難一話有嘢唔見就賠」。律師黃國桐表示，若客戶證明財物確是放在保險箱後失竊，銀行即使設有免責條款，也應作賠償，「可以影低相證明放過乜嘢入保險箱」。 04年星展銀行誤將 83個客戶正使用的保險箱當廢鐵銷毀，最終賠償道歉。
近年銀行保險箱事故

10年 4月
創興銀行旺角分行保險箱客戶投訴失 10萬元金飾

09年 3月
東亞銀行旺角行分被四名哥倫比亞大盜竊保險箱千萬元財物

09年 2月
恒生銀行荃灣分行保險箱客戶投訴失 60萬元金飾

09年 1月
交通銀行九龍分行保險箱客戶投訴遺失 12萬金飾

04年 10月
星展銀行誤將客戶放有財物的保險箱當廢鐵銷毀

資料來源：《蘋果》資料室

Gold Triangle Presents Breakout Opportunity

2012-01-25T14:52:00.002+08:00

睇好睇淡, 慳返口水, 因為好快就會知, 金價是上是落 ?

www.dailyfx.com

As traders wait on the sidelines for the next round of news, and rumors from Europe, the Daily Chart on Gold has settled in to a Triangle that presents a compelling breakout opportunity for traders.

After displaying one of the more pervasive trending moves since 2001, the ‘Yellow Metal,’ has faced some difficult times since peaking at 1920 in September of 2011.

One of the primary winds in the sail of Gold for 2010, leading into 2011 was the process of Quantitative Easing brought on by the US FOMC. Quantitative Easing, or ‘QE,’ as it has been dubbed, is the process by which a Central Bank will buy assets from smaller banks, or other financial institutions – with newly created money.

Think about the relationship with the quote in the chart above; XAU/USD.

The US Dollar – as the denominator, will generally weaken if all factors are equal and new US Dollars are being created. In the equation of XAU/USD – the denominator of USD essentially gets smaller as these new dollars are created. So the rise in Gold accompanying QE comes as no surprise.

What may be surprising is the brutal response in September that took the price of Gold below 1550. Since that point, Gold has maintained a relatively smooth trend line leading directly into the triangle with which we are now faced.

Breakouts can generally take place in any direction, and this opportunity on Gold is no different. The future move that trader’s may be looking to capitalize on here could very well be brought on by a yet unknown news announcement, or surprise event.

Next week can be a fun time in financial markets; but it may also be painful if we’re caught on the wrong side of a move.

Remember – trading opportunities are infinite, trading capital is not.

--- Written by James B. Stanley

鑿地爆竊恒生保險庫漏水事敗

2012-01-25T13:53:00.002+08:00

蘋果日報全文

【本報訊】紅磡馬頭圍道恒生銀行分行保險庫，險被「鑽窿大盜」攻破！一批專業爆竊黨配備先進石屎鑽洞機，日前撬門潛入工廈一樓空置單位，鑽破堅固石屎地板，企圖潛入樓下銀行保險庫爆竊，但疑鑽洞時震動觸動警報器，嚇退賊黨空手逃去。鑑於案情嚴重，案件已交由擅長偵查爆竊案的西九龍總區重案組第四隊接手，警方相信賊黨事前經過周密部署，且對銀行內部環境瞭如指掌。記者:徐雲庭、梁澤岡

現場為馬頭圍道 21號義達工業大廈，地舖為恒生銀行分行，對上一樓則是一個約萬餘平方呎的單位，該單位為同層四個單位中最大一個，已空置多時，現由一間地產公司負責租售，昨仍有三名軍裝警員看守，而昨午西九龍總區重案組探員曾返回搜證，撿走部份證物化驗。因春節長假期，該恒生銀行分行未有營業，事發後曾有職員回來，事件似沒對該銀行造成影響，櫃員機亦正常運作，門口亦無任何相關告示。據悉，曾有探員取去銀行外圍多個閉路電視錄影片段，追查有否可疑人出現。

蘋果日報

保險庫「銅牆鐵壁」防盜

【本報訊】馬頭圍道鑽洞企圖爆竊銀行案，全靠銀行精密電子防盜系統發揮作用，令賊人縱有周詳部署，亦告無功而還。資深私家偵探張大偉稱，銀行保險庫儲存客人及銀行本身大量財物，保安最為嚴密，除四面牆壁外，天花及地板亦鑲有鋼板，另外亦裝設各種先進防盜系統，即使一隻老鼠亦無所遁形。
張說，銀行本身需要嚴密防盜系統外，保險公司亦有很高要求，所以銀行保險庫就如一個銅牆鐵壁的「堡壘」，難以潛入。而這套保障銀行安全的防盜系統，包括擁有超聲波及紅外線功能的警報器，些微聲音及輕微震動也能感應到，該系統更會連接最接近的警署。他認為，今次竊賊打銀行保險庫主意是枉費心機，即使能鑽穿樓上單位地板，也鑽不開銀行鋼板，更會令警報器大鳴。
類似利用鑽洞機爆竊的案件過去亦曾發生，其中最轟動的一宗發生在 1995年 10月，旺角彌敦道謝瑞麟珠寶金行，被賊黨在樓上單位以六張棉隔音，利用鑽洞機鑽破地板潛入，掠去 2,000萬元珠寶。

2010年 1月，三名香港大盜，亦在日本東京鑿牆盜走銀座「天賞堂」珠寶手錶總店價值三億日圓（約值三千萬港元）名錶。

Currency Wars Are Driving Gold and Silver Higher

2012-01-25T12:47:00.002+08:00

finance.yahoo.com

Over the weekend, talks between Greece and its private-sector creditors over debt write-downs were unsuccessful. Charles Dallara, the creditors’ lead negotiator, left Athens on Saturday as differences remained over the terms of new Greek bonds. Although a deal was not agreed upon, the market is signaling high expectations for a deal to be completed soon.

On Monday, the U.S. dollar index, which places the greenback against a basket of six foreign currencies, declined from 80.34 to 79.65. It is the first time in 2012 the dollar index declined below 80, which had been acting as support in previous months. With the euro holding 58 percent weight in the dollar index, it is responsible for much of the dollar’s decline today. The euro climbed to $1.3044 on Monday, it’s highest level since December. In a press conference Monday morning, French Finance Minister Francois Baroin said, “A voluntary restructuring of debt held by private investors seems to be taking shape. We are determined to support Greece the time necessary for it to put in place reforms and for them to produce their effects.”

The recent hopes for a Greek deal and the decline in the dollar has given a boost to precious metals. Gold is near six-week highs as it closes in on $1,680 per ounce, while silver prices have surged 15 percent this year and currently trade near $32. Furthermore, international agreements and sanctions are reminding investors of the significance of precious metals in the global financial system.

Investor Insight: Inflation Concerns Remain as Gold and Silver Climb Higher

Earlier this month, Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade. This came after Iran replaced the dollar in its oil trade with India, China and Japan, reported Iran’s state-run Fars news agency. Today, European Union governments have agreed to fire back and place a ban on all new contracts to import, purchase or transport Iranian crude oil. Europe is Iran’s second-largest oil customer after China. Reuters explains, “EU countries with existing contracts for Iranian oil and petroleum products will have until July 1, 2012 to complete those contracts. The sanctions follow fresh financial measures signed into law by U.S. President Barack Obama on New Year’s Eve, and will mainly target the oil sector, which accounts for some 90 percent of Iranian exports to the EU.”

Although the oil sector is a large target, there is another important sector being targeted by the sanctions. EU governments also agreed to freeze the assets of Iran’s central bank. More importantly, it placed a ban on all trade in gold and other precious metals with Iran’s central bank and public entities. “Today’s decisions target the sources of the finance for the nuclear program, complementing already existing sanctions,” the EU explained. While the sanctions may be targeted at Iran’s nuclear financing, the move serves as a reminder to investors that precious metals are alternative reserve currencies used in the absence of the U.S. dollar. Recent data shows that Russia and China are likely to continue business with Iran outside of the U.S. dollar, which will help support gold and silver prices. In addition to trade agreements, Russia has reduced their U.S. Treasury holdings over 50 percent from October 2010, while China has reduced their holdings to the lowest level in over a year.

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

太陽耀斑爆發強烈輻射風暴襲地球

2012-01-24T14:25:00.001+08:00

蘋果日報

美國太空氣象預報中心今天指出，強烈的太陽耀斑朝地球拋射2005年來最強烈輻射風暴，兩極地區部分衛星通訊可能中斷，飛機航班和發電廠也可能受到影響。

美國國家海洋暨大氣總署（NOAA）太空氣象預報中心（Space Weather Prediction Center）物理學家Doug Biesecker指出，昨晚1個中型太陽耀斑在太陽中心附近爆發。Doug Biesecker說：「耀斑本身無特別之處，但會造成時速400萬英里（640萬公里）極快日冕物質拋射。」

這些太陽質子已開始朝地球拋射，很可能持續到25日。太空氣象預報中心Terry Onsager說：「當這些粒子襲擊地球，就像把一個大鐵槌丟進地球磁場，那些能量會讓地球磁場產生變動。」

金銀跑在前面

2012-01-24T00:39:00.001+08:00

有人說, 大鱷在假期會推低金銀, 但依家睇來, 是在推低美元多些 !

Iran Banned From Trading Gold and Silver

2012-01-24T00:12:00.002+08:00

silverdoctors.blogspot.com

Currency wars continue and are deepening.

Gold has risen in all currencies today and bullion up nearly 1 % to $1,675/oz. Gold rose 1.7% last week has risen more than 6% so far this year.
Gold jumped to its highest in more than a month as result of the uncertainty over of the Greek debt outcome and the growing geopolitical tensions with Iran and the US and Nato countries.
The Iranian geopolitical tension is supporting gold as Britain, America and France have delivered a clear message to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive Strait of Hormuz.

Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran.

According to IMF data, at the last official count (in 1996), Iran had reserves of just over 168 tonnes of gold. The FT reported in March 2011 that Iran has bought large amounts of bullion on the international market to diversify away from the dollar, citing a senior Bank of England official.

Many Asian markets are closed for the Lunar New Year holiday which has led to lower volumes.
Of note was there was an unusual burst of gold futures buying on the TOCOM in Japan, which has helped the cash market to breach resistance at $1,666 an ounce.
Investors are also waiting for euro zone finance ministers to decide the terms of a Greek debt restructuring later today. This would be the second bailout package for Greece.
The risk of contagion in Eurozone debt and wider markets is leading to continued safe haven demand for gold.

恭喜發財

2012-01-23T00:17:00.002+08:00

祝大家龍年步步高升, 心想事成, 豐衣足食 !

Fake Bullion Warning

2012-01-22T14:28:00.004+08:00

愈睇愈心寒, 因為連最新產品都有假 !

www.ozcopper.com 有圖

There are currently many fake gold and silver ingots and coins being sold out of China. Many of these items are made to a high quality and are hard to tell from the original for those not familiar with the original items. Below is a list of some of the current fake types available.

The composition of the fake silver is typically made up from:

Au 0.093
Ao 0.267
Zn 13.40
Cu 83.40
Ni 2.81
Fe 0.051

Currently faked silver ingots and coins:

1 ounce Sunshine Mint

1 ounce Scotsdale

1 ounce Pan American

American Prospector

Many generic 1 ounce ingots including the USA flag design, scales design and “worth its weight in silver design.

Coins include:

2012 Perth Mint dragon

Canadian Maple Leaf

The specific gravity test resultes for the above filed “coin” is:

Gross weight after filing 30.27 grams, displacement weight 2.75 grams, end result is 11.00. A normal coin should have a specific gravity weight of 10.5

Fake gold coins and ingots include:

2011 Perth mint 1 Ounce gold Kangaroo

Krugerrands

1/10th ounce Austrian Philharmonic gold coin

大陸假幣

2012-01-22T13:59:00.002+08:00

china-mint.info

Fake 2008 1oz .999 silver panda (without face value) weights only 0.669oz

'Beijing Olympic Gold & Silver Coin Set' -- One of the most popular fake coin sets from China on Ebay. If you do a search, you will see hundreds are currently listing on Ebay. This fake set was sold by Chinese seller kidtteop who got banned in Oct. 2008. It was sold as '2008 Beijing Olympics Gold & Silver Set'.
Genuine 1/3oz gold is 9.45g in weight (fake one is 9.8g). Genuine 1oz silver is 28.35g (fake is 29.6g).

ALL OF THESE ITEMS ARE MADE WITH CHEAP METALS, SUCH AS LEAD, COPPER, NICKEL OR IRON...

How To Identify Fake, Counterfeit And Copy US Coins

2012-01-22T12:18:00.005+08:00

coinauctionshelp.com 全文

With the large premiums for rare dates and mint for certain US Coins, it is no surprise that unscrupulous sellers have minted their own versions of some of these coins. While other so-called "Coin Doctors" have gone through great pains to alter a mint mark, among other details, to make a coin more valuable.

I once saw an 1893-S Morgan Dollar at a coin show, and as the potential buyer inspected the coin, the "S" fell off the coin! Someone had cut the "S" off another, more common, Morgan Dollar and glued the "shaved" mint mark onto the back of an 1893-P. The list is endless on what some will do to make a common coin into a what appears to be a rare coin, but buyers can educate themselves so they don't get cheated out of their money.

以下呢個網有好多款新鑄翻版銀幣 www.coin-rare.com, 但只有在幣上有[COPY]印的才可以合法買賣

U.S. Mint Warns About NORFED Liberty Dollar U.S. Coin Lookalikes!

2012-01-22T00:42:00.004+08:00

呢種銀幣有面值, 但唔可以在美國行使 !

coins.about.com

The Liberty Dollars were produced by a now-defunct organization with the unwieldy name "National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code," or NORFED for short. NORFED's goal, according its founder Bernard Von NotHaus, was to provide an alternative currency to that which is issued by the U.S. federal government: a currency that is backed by gold and silver, and therefore inflation-proof. NORFED has manufactured these coins in various denominations, including $1, $5, $10, and $20 in silver, and $500 in gold.

The U.S. Mint issued a consumer advisory warning people that the NORFED Liberty Dollars might be confusing to consumers, and stating that their use as circulating money was a federal crime (which NORFED disputes.) What makes these Liberty Dollars so dangerous in the eyes of the U.S. Mint is that the Liberty Dollars have been designed to look very much like the existing circulating U.S. coinage. These are the similarities and how to tell them apart:

* LIBERTY inscription - Genuine legal tender coins also bear the LIBERTY inscription

* TRUST IN GOD inscription - Genuine legal tender coins are inscribed IN GOD WE TRUST

* Value is stated in Dollars - Genuine U.S. currency is also given in Dollars

* Depiction of the Statue of Liberty - The Presidential Dollars also bear the Statue of Liberty

* The inscription "USA" - USA is widely understood to mean United States of America

* 1.800.NEW.DOLLAR on the reverse - The United States does not put phone numbers on its coinage

* LibertyDollar.Org on the reverse - The U.S. doesn't put Web addresses on its coins either

In addition to the coins being distributed by NORFED, there is printed currency in the form of various denominations of dollar bills. These paper Liberty Dollars are far less worrisome, since they don't look anything at all like real U.S. paper money.

Confusion About the NORFED Dollars - The reason these Liberty Dollar coins were deemed potentially confusing by the U.S. Mint is that the Mint introduced a new One Dollar coin type in February 2007, called the Presidential Dollar. Any time there is a major change to the coinage, there is bound to be some confusion, and unfortunately the Mint feels that these so-called "Liberty Dollars" are similar enough to genuine U.S. coinage that people might take them during monetary transactions without realizing that they're not U.S. legal tender.

What to do if you encounter NORFED Liberty Dollars - Although it is not against the law to own these Liberty Dollars as a collectible item, it is illegal to use them to conduct any commerce in the United States. If a merchant tries to give you one, politely refuse it. If they insist, claiming these coins are legal tender, you should cancel the entire transaction with that merchant and report them to your local Secret Service Field Office.

The Presidential Dollars are golden-colored - If someone tries to give you a dollar coin that you don't recognize or aren't sure about, just remember that the only U.S. Dollar coin type is the "golden dollar," the same size and color as the Sacagawea Dollar. The U.S. does not make any penny, nickel, or dime-sized dollar or multiple-dollar coins out of a silver-colored alloy.

加拿大稅收

2012-01-21T18:12:00.002+08:00

Kitco Forum

As a Canadian, I've wondered about the issue of capital gains taxes on bullion for a long time, but after reviewing the Canadian Tax Code recently, I have discovered that my primary precious metals investment vehicle (1-oz silver bullion coins) are exempted from capital gains taxes.

Capital Gains 2011 - Canada Revenue Agency

Essentially, any coin that was purchased for under $1000 and sold for under $1000 is considered Listed Personal Property (LPP) under the Canadian Tax Code (see page 7), which is a specific type of Personal-Use Property (which would include such things as a boat, car, or furniture).

The only attribute that distinguishes LPP from Personal-Use Property is that LPP would generally be expected to increase in value over time, such as in the case of jewelry, rare art, a stamp collection, or coins, whereas Personal-Use Property tends to depreciate (as with a boat, car, or furniture).

The details from the Canada Revenue Agency document (Page 20) are as follows:

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
"Because LPP is a type of personal-use property, the capital
gain or loss on the sale of the LPP item is calculated the
same way as for personal-use property. For more
information about these rules, see “Personal-use property”

Personal-use property
When you dispose of personal-use property, you may have
a capital gain or loss. To calculate this gain or loss, follow
these rules:
■ If the adjusted cost base (ACB) of the property is less
than $1,000, its ACB is considered to be $1,000.
■ If the proceeds of disposition are less than $1,000, the
proceeds of disposition are considered to be $1,000.
■ If both the ACB and the proceeds of disposition
are $1,000 or less, you do not have a capital gain or a
capital loss. Do not report the sale on Schedule 3 when
you file your income tax and benefit return."

When you dispose of personal-use property that has an
ACB or proceeds of disposition of more than $1,000, you
may have a capital gain or loss.

Adjusted cost base (ACB) – usually the cost of a property
plus any expenses to acquire it, such as commissions and
legal fees.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Based on this wonderful discovery, I would advise Canadians to purchase only bullion that you expect to be saleable for less than 1000$/unit in order to avoid any capital gains on your bullion.

Given my long-term price targets of $6000/oz for gold and $300/oz for silver, that would mean 5 gram bars of gold (or smaller), and 3-oz bars of silver (or smaller).

Since the capital gains tax in Canada is based on 50% of the gain, taxed at your personal marginal tax rate (for the average person, around 30-35%), a typical capital gains tax on bullion would be about 15-18%. The tax loss of 15-18% upon sale of a 100oz bar of silver (which would be bought and sold for considerably more than more than $1000) outweighs any savings in terms of the lower premium over a 1oz round.

Therefore, this analysis suggest that Canadians should only be buying 1 oz silver, 1/10 oz fractional gold coins, or 5gr gold coins to maximize their eventual gains.

金銀漲銅跌

2012-01-21T17:53:00.002+08:00

tw.money.yahoo.com

（中央社台北2012年1月21日電）黃金價格4個交易日來第3度上漲，主因黃金需求增加。銀價也漲至5週高點。銅期貨價格跌幅為2週來最大，因有一項指數顯示，世界最大工業金屬消耗國─中國大陸製造業可能會連續第3個月萎縮。

美國鑄幣局早已於1月賣出10.6萬盎司金幣，高於去年12月的金幣總銷量6萬5500盎司。根據Optionsellers.com創辦人柯迪爾（James Cordier），中國大陸、台灣、香港、越南和泰國皆在農曆新年前提高黃金購買量。

柯迪爾接受電訪時表示：「黃金實貨採購力道多多少少支撐金價。投資人漸漸但也的確回來買進貴金屬了。」

紐約2月交割的黃金期貨上漲0.6%，收每盎司1664美元。期金連續第3週週線收漲，也創下2008年來最佳的一年之始表現。

根據世界黃金協會（World Gold Council），大陸第3季已取代印度成為全球最大黃金飾品市場。

3月交割的期銀勁揚3.8%，收每盎司31.675美元，改寫3日以來最大漲幅。盤中期銀一度漲至31.90美元，寫下去年12月13日以來最高水準。期銀本週累漲7.3%，創下去年10月以來最大幅度。

紐約4月交割的白金期貨揚升0.9%，收每盎司1532美元。本週白金期貨計漲2.9%。3月交割的期鈀挫跌0.4%，收每盎司675.70美元，為本週首見的跌幅。

匯豐控股（HSBC Holdings Plc）和MarkitEconomics昨天公布的初步數據顯示，大陸1月製造業採購經理人指數為48.8。數據50為擴張和萎縮的分野。美元兌歐元匯價升值，使銅作為替代性資產的魅力減少，也是銅價挫跌的原因。

紐約3月交割的期銅下跌1.5%，收每磅3.745美元，創下4日以來最深跌幅。期銅盤中觸及3.834美元，為去年9月19日以來交易最活絡期貨商品的最高點。期銅本週累漲3%，1月至今上漲9%。

大陸成長放緩，可能會促使政府鬆綁放款限制。

倫敦Sucden Financial Ltd.交易員蒙提福斯科（Robert Montefusco）在電郵中表示，農曆新年過後「我們預期大陸會開始放寬貸款限制」，藉以支撐經濟力道。

大陸市場下週因逢農曆新年假期將休市。

倫敦3個月交割的期銅下挫1.7%，收每公噸8220美元（每磅3.73美元）。

倫敦鋁、鋅和錫價下跌。鎳和鉛價雙雙上漲。（譯者：中央社陳昱婷）

The U.S. Government Still Has The Power To Issue Debt-Free Money

2012-01-21T16:07:00.003+08:00

theeconomiccollapseblog.com 全文

Most Americans have no idea that the U.S. government once issued debt-free money directly into circulation. America once thrived under a debt-free monetary system, and we can do it again. The truth is that the United States is a sovereign nation and it does not need to borrow money from anyone. Back in the days of JFK, Federal Reserve Notes were not the only currency in circulation. Under JFK (at at various other times), a limited number of debt-free United States Notes were issued by the U.S. Treasury and spent by the U.S. government without any new debt being created. In fact, each bill said "United States Note" right at the top. Unfortunately, United States Notes are not being issued today. If you stop right now and pull a dollar out of your wallet, what does it say right at the top? It says "Federal Reserve Note". Normally, the way our current system works is that whenever more Federal Reserve Notes are created more debt is also created. This debt-based monetary system is systematically destroying the wealth of this nation. But it does not have to be this way. The truth is that the U.S. government still has the power under the U.S. Constitution to issue debt-free money, and we need to educate the American people about this.

According to Wikipedia, United States Notes were issued directly into circulation by the U.S. Treasury and they were first used during the Civil War....

So why are we using debt-based Federal Reserve Notes today instead of debt-free United States Notes?

It seems rather stupid, doesn't it?

Our current debt-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the U.S. government at interest.

Sadly, the vast majority of the American people have no idea how money is actually created in this nation.

When each new Federal Reserve Note is created, the interest owed by the federal government on that new Federal Reserve Note is not also created at the same time.

So the amount of government debt that is created actually exceeds the amount of money that is created.

Isn't that a stupid system?

The U.S. Constitution says that the federal government is the one that should actually be issuing our money.

In particular, according to Article I, Section 8 of the U.S. Constitution, it is the U.S. Congress that has been given the responsibility to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".

So why is a private central banking cartel issuing our money?

As is the case with so many other issues, we desperately need to get back to the way the U.S. Constitution says that we should be doing things.

The debt-based Federal Reserve system is literally stealing the future from our children and our grandchildren.

Back in 1910, a couple years prior to the passage of the Federal Reserve Act, the national debt was only about $2.6 billion.

A little over 100 years later, our national debt is now more than 5000 times larger.

So why don't we just admit that this system simply does not work?

Our current debt-based monetary system also requires very high personal income taxes to pay for it.

In fact, it is no accident that the personal income tax was introduced at about the same time that the Federal Reserve system originally came into existence.

Our children, our grandchildren and many generations after that are facing a lifetime of debt slavery because of us.

As I have written about previously, if the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

Neither the Republicans or the Democrats are proposing any solutions to this problem. Rather, both parties are only trying to slow down the rate at which we are going into even more debt.

But the truth is that the federal government does not have to go into a single penny of additional debt.

How could this be?

It is not too complicated.

If Congress took back the power over our currency and started issuing debt-free money a lot of our problems could be fixed.

Most Americans believe that inflation is a fact of life, but the sad truth is that the United States has only had a major, ongoing problem with inflation since the Federal Reserve was created back in 1913.

Sadly, the U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created.

So, yes, there would be a need for strict monetary discipline under a debt-free monetary system, but it would be hard to do worse than the Federal Reserve has already been doing.

The American people need to understand that it is a lie that the U.S. government "must" borrow money from somebody else.

When the U.S. government borrows money, it slowly transfers wealth from the American people to those that lent it.

At this point, we have created a financial nightmare for future generations that is unlike anything the world has ever seen before. We owe it to future generations to eliminate the debt problem without destroying the United States economy. Adopting debt-free money would allow us to do that.

The Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks

2012-01-21T15:49:00.003+08:00

theeconomiccollapseblog.com

In recent days, the fact that Mitt Romney has millions of dollars parked down in the Cayman Islands has made headlines all over the world. But when it comes to offshore banking, what Mitt Romney is doing is small potatoes. The truth is that the global elite are hiding an almost unbelievable amount of money in offshore banks. According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money. Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars. So why do the global elite go to such trouble to hide their money in offshore banks? Well, there are two main reasons. One is privacy and the other is low taxation. Privacy is a big issue for those that are involved in illegal enterprises such as drug running, but the biggest reason why people move money into offshore banks is in order to avoid taxes. Some set up bank accounts in foreign nations because they want to legally minimize their taxes and others set up bank accounts in foreign nations because they want to illegally avoid taxes. You would be absolutely amazed at what some large corporations and wealthy individuals do to get out of paying taxes. Unfortunately, the vast majority of the rest of us don't have the resources or the knowledge to play these games, so we get taxed into oblivion.

So why do they call it "offshore banking"?

Well, the term originally developed because the banks on the Channel Islands were "offshore" from the United Kingdom. Most "offshore banks" are still located on islands today. The Cayman Islands, Bermuda, the Bahamas, and the Isle of Man are examples of this. Other "offshore banking centers" such as Monaco are actually not "offshore" at all, but the term applies to them anyway.

Traditionally, these offshore banking centers have been very attractive to both criminals and to the global elite because they would not tell anyone (including governments) about the money that anyone had parked there.

These days some governments (particularly the U.S. government) are trying to change this, but we certainly will not see the end of offshore banking any time soon.

The amount of money that goes through these offshore banks is absolutely astounding.

It has been estimated that 80 percent of all international banking transactions take place through these offshore banks. $1.4 trillion is being held in offshore banks in the Cayman Islands alone.

One article in the Guardian estimated that a third of all the wealth on the entire globe is being held in offshore banks, and others believe that as much as half of all the capital in the world flows through offshore banks at some point.

Obviously, all of this tax avoidance means that governments around the world are missing out on a whole lot of money.

It has been estimated that the U.S. government is missing out on $100 billion a year because of these offshore banks. Others would put that figure significantly higher.

Avoiding taxes is a game that the global elite have mastered. They are playing a whole different ballgame than you and I are. They don't just sit there like idiots and get blasted with taxes. Instead, they hire the best experts and they employ every trick in the book to hold on to as much money as they possibly can.

Most among the global elite simply do not care that U.S. debt is climbing into the stratosphere. All they care about is keeping as much of their own money in their pockets as they possibly can.

Of course there are always exceptions to this rule. Warren Buffett recently wrote a check to the U.S. Treasury for a little more than $49,000 to help pay off the national debt.

But considering the fact that the U.S. national debt is increasing by more than 100 million dollars an hour, that didn't exactly do much to help.

Our system is deeply broken and the global elite are getting away with bloody murder. Over the decades, they have carefully crafted the rules so that as much wealth as possible is funneled into their pockets, and they have carefully crafted the rules so that as much wealth as possible stays in their pockets.

Of course if we got rid of the personal income tax and the corporate income tax entirely and replaced them with a completely new system we could get rid of all of this game playing once and for all.

美版網絡 23條惹火

2012-01-21T13:52:00.003+08:00

如果惡法實施, 我地無得再轉貼重要文章, 也無得再 google search, 也無得去維基搵知識 !

如果惡法實施, 我都唔會買多張CD, 因為好多年都無買啦, 也唔會去睇多場電影, 因為多數在家睇電視 !

蘋果日報

忽聞維基關網一天，所為何事？不少人可能從未聽過 SOPA和 PIPA，原來是美國版網絡 23條的惡法，挑起美國網絡群體、公民社會和互聯網企業的群起反對。 SOPA和 PIPA是什麼？
SOPA（ Stop Online Piracy Act）是由美國兩黨 31位國會議員聯合提交的法案， PIPA（ Protect IP Act）則是由 11位參議院議員提出的相關法案，內容是要加強前身的 DMCA（ Digital Millennium Copyright Act），讓美國司法部或版權擁有者可向法庭申請禁令，阻止美國用戶連接至被指侵權的網站。
問題是，法案將容許投訴人單方面指控，美國法庭在不完全資訊下，命令把外國網頁阻隔，互聯網供應商要接受過濾內容，搜尋器公司要依法把部份搜尋結果刪除，網絡付費商不准再幫某些網站收費。
這法案顯然是對資訊自由的惡法，還要一眾網絡企業為版權擁有者免費審查網絡。美國不少輿論指出，這根本就是美國版的中國式「防火長城」，將迫使美國用戶學習翻牆！

維基 Google反對惡法

美國立法程序不像香港式的行政主導，是由議員提案，而不少議員受到既得利益集團的游說下，為大企業單方利益立法，就像我們所謂的「經濟霸權」。不過，政府方面就未必與國會議員一致，事關通過的法例，往往難以執行，甚至只待有人向法庭透過司法程序推翻；總統奧巴馬不久前已表態反對現行法例版本。
遠觀美國網民和企業的反對，和國際互聯網群體對 SOPA和 PIPA的關注，筆者佩服這些站出來高調反對的企業，當中除了非牟利的維基基金會和 Mozilla基金會外，還有 facebook、 Google、 Yahoo、 LinkedIn、 eBay等。

合法版權要保障，但用金錢和游說力量強暴通過惡法，而不反思改變商業模式迎合新科技，版權擁有者只會得不償失。

莫乃光

企業職工養老金「七連漲」

2012-01-21T13:09:00.001+08:00

文匯報

香港文匯報訊（記者何凡北京報道）中國內地提高對退休人士的生存保障。人力資源和社會保障部昨日稱，從今年元旦起，全國企業退休人員的養老金再增加10%，令月人均養老金達到 1,531元，這已是內地連續7年增加養老金。專家指出，「養老金七連漲」彰顯出政府對民生的高度重視，但中國養老金制度仍需完善，其中，企業職工少於機關職工約2,000-3,000元，養老金「碎片化、待遇差」的問題亟待解決。

　人力資源和社會保障部新聞發言人尹成基在發佈會指出，連續7年調整企業退休人員基本養老金水平後，全國月人均養老金達到1,531元。城鎮居民基本醫療保險財政補貼標準，從每人每年120元增加到200元，政策範圍內住院費用支付比例也進一步提高。此外，去年還建立失業保險金標準與物價上漲掛鹇聯動制度，20個省份上調了失業保險金標準。

今年續擴大社保覆蓋面

　尹成基又表示，社會保險制度建設加快推進。去年底，全國國家試點地區參加新農保和城鎮居民養老保險人數達到3.3億人。今年，該部將繼續擴大社會保險覆蓋範圍，以非公有制經濟組織從業人員、靈活就業人員、農民工和被徵地農民為重點，擴大各項社會保險覆蓋面。

　數據顯示，全國按月領取養老金的有8,759萬人。清華大學就業與社會保障研究中心主任、國家社會保險標準委員會委員特聘專家楊燕綏對本報表示，中國正面臨緊迫的人口老齡化挑戰，養老金制度需結構調整，亟待整合完善。

　據楊燕綏推算，在目前領取養老金的人群中，企業職工佔據大多數，約有7,000多萬人。而他們與機關、事業單位職工領取養老金的情況並不相同。

養老金制度臨結構調整

　楊燕綏表示，「如果機關與事業單位還執行傳統的退休制度、退休金制度，個人不繳費，也沒有社會統籌基金，最後是依靠財政預算、以個人退休工資的80%支付養老金，平均水平在4,000-5,000元左右；而企業職工需要繳費，個人需繳納工資的8%，企業為其繳納20%，達到最少28%的費率，其養老金平均水平在1,000-2,000元。」

　楊燕綏指出，這正是中國養老金制度當前存在的「碎片化、待遇差」問題。而該制度還面臨結構調整，即建立國家基礎養老金的任務。「中央明確要建立國家基礎養老金，據我們測算，如果建立全民性的養老金，並從60歲就開始發放，其數額將佔到GDP的5%以上；而如果從65歲開始發放，則不會超過GDP的4%。中國老齡化的問題已經越來越嚴峻，養老金支付的壓力問題確實存在。」

　而對於社會保險基金的保值增值問題，尹成基指出，養老保險的支付壓力是最大的，該部正研究養老保險積累基金的投資運營辦法。五項社會保險中，養老保險在制度設計上是統帳結合的制度，是部分積累制，就有積累資金的保值增值問題。

擬闢養老保險金增值新路

　他說，下一步將考慮開闢一些新的投資運營的渠道，研究後在辦法中加以明確。但是，辦法的總原則是要確保基金的安全，這是第一位的。到去年年底，五項社會保險基金累計結餘總額已達2.87萬億元，其中養老保險累計結餘1.92萬億元。

The Evolution of the US Dollar

2012-01-21T12:17:00.002+08:00

美國最初發行的是 Morgan Dollar, 而之後發行的是 Peace Dollar !
所以真正的古董銀幣是 28克重, 而唔係一盎司, 而一盎司Morgan/Peace銀幣都是翻版幣 !

而 Martin Armstrong 想帶出的是早期美元是用真銀鑄出來的 !

silverdoctors.blogspot.com

Martin Armstrong has released a must read 31 page historical study of the history of the US dollar:

The United States “dollar” was the adoption of the German monetary unit “thaler” that had become synonymous with the silver coin of about 28 g. Therefore the dollar was actually based upon the Spanish silver 8 Reales coins commonly called dollars which had become the mainstay of the colonial monetary system.
The term “Piece of Eight” refers to the fact that these coins were often cut into “pieces” to make small change. These pieces were called a “bit” representing 12.5 cents and thus 8 bits was equal to 8 shillings which equaled a pound. By the time the US dollar was created in 1794, "two bits" was equal to 25 cents (quarter dollar).

金銀偏強

2012-01-21T00:48:00.001+08:00

油弱返 !

disallow replica coin listings on eBay.com, effective February 20

2012-01-20T18:49:00.004+08:00

沒知呢樣代表乜野 ?
唔可以賣複製幣還是加個 [copy] 就可以賣 ?
所以大家最好唔好買複製銀幣, 唔係將來俾人告侵權, 咁就賣唔到出去了, 須去忠記溶幣 !

原來只可以賣有[COPY]印的翻版幣, 而其他唔可以賣, 只持有都違法 !

coinauctionshelp.com

It's illegal to own any counterfeit or fake or copy, unless the word COPY is stamped into to coin and can be read noticeable.

Kitco forum

The eBay marketplace for coin collecting is vibrant. Buyers and sellers alike enjoy access to both a great selection and a highly engaged community. Customers within the Coins & Paper Money category have told us that the ability to shop and sell confidently on eBay is an important factor for them.

Based on this feedback, and after closely reviewing the coin experience on eBay, we have decided to update eBay's Stamps, currency, and coins policy to disallow replica coin listings on eBay.com, effective February 20. Any replica coin listings on eBay on February 20 will be allowed to end normally.

This update reflects standards across the coin industry and helps ensure compliance with applicable laws that require replica coins to be permanently marked with the word "copy." We also expect that this update will increase marketplace confidence by letting our community know that coin listings on eBay are authentic, so they'll receive the most positive eBay experience possible.

As always, thank you for selling on eBay.

Sincerely,

The eBay Seller Team

There Will Be a Run on Gold Stored in the US

2012-01-20T13:24:00.002+08:00

kingworldnews.com

With gold remaining firm above $1,650, today King World News interviewed legendary Jim Sinclair, to get his take on where things are headed. Sinclair surprised KWN by telling us there would be a run, by European countries, on the gold they have stored at the New York Fed. Here is what Sinclair had to say when we asked him if the IMF would be selling any gold: “No. The role of gold has changed and gold is moving more toward the central bank then away from it. On top of that you have seen a significant amount of media attention towards, ‘Where is our gold?’ This is taking place in the European press.”

Jim Sinclair continues:

“(There is) surprise when they find out it’s in a cellar of the New York Fed, in Manhattan Island. There’s a desire for gold to have more of a national scent to it as it becomes the only performing asset for the central banks. When asked about Europeans wanting their gold brought back to their respective countries, Sinclair responded, “You’re starting to see that, and you have also seen, from the figures, the central banks accumulating.

The Fed would have no legal basis, whatsoever, to refuse to deliver it (to Europe). Any refusal or even delay in delivering it would only cause requests for more. So I would say there would be a lot of back channel arm-twisting not to ask for it. A run begins slow and historically, if this is a trend, rather than decelerating it tends to accelerate.

I would say that when we go to QE3, in the US in 2012, that could accelerate the call for delivery on gold from the New York Fed. It’s exactly what will happen. You see it already in Euro press. Accepted media, which is main media over there (in Europe), is discussing it....

“That begins to show something that has a great deal more to it than the political motivation of Chavez, who knows very well leaving his gold with people he calls, ‘enemy,’ is not the brightest idea in the world. The New York Fed will give back the gold because of the ramifications of not doing it.”

When asked about the calls to provide liquidity to the financial system, Sinclair responded, “We live in a global world, transferred into a global economy, and the only central bank able to create that kind of volume of money, out of thin air, legally, is the New York Fed. QE3 will be global and the Fed is the lender of last resort, not only to its members and the national banking community, but to the entire Western world.

Gold’s bull market in 2012 is a guaranteed event as a product of the fact central banks have no tool in their tool box other than moving, now, from national to global QE. It’s a done deal.”

This was an important interview from Sinclair. It will be interesting to see how things unfold when European nations begin asking for their gold to be shipped back to them.

銀跑頭位

2012-01-19T00:55:00.002+08:00

2012年買銀贏 !
註:本人的實銀持貨, 只有流動資金的7% !

思考力

2012-01-18T13:53:00.003+08:00

現代人多數在溫室長大, 所以已唔知實金實銀的價值, 唔知乜叫惡性通脹, 所以也思考唔到在惡性通脹下, 實金實銀有乜作用 ?
在惡性通脹下, 紙幣會大貶值, 而物價會大升, 所以實金實銀會跟物價升值 !

在兵荒馬亂時期實金實銀買唔到糧食 ?
當然在兵荒馬亂時期, 實金實銀唔一定買到糧食, 但無實金實銀在手, 你肯定買唔到糧食, 因為你手上的紙幣會每分鐘在貶值 ! 呢分鐘你可能買到麵包食, 但下一分鐘你可能要加多10%先可以買到同一塊的麵包, 所以到時用實金實銀換糧是可以保到價值, 而商家也不是蠢人, 佢地也會樂意收實金實銀多過收分分鐘在貶值的紙幣 !

紀念幣是有溢價,商品屬性較大, 超通時不能發輝作用,想套現買其他資產都幾難,除非低過溢價出售 ? (我老公都有同樣的思維)
在超通時你手上的實金實銀都升咗值, 用一盎司現值300蚊的銀幣和用一盎司現值900蚊的銀幣, 你一樣可以換到同一包米, 有乜問題呢 ?
當然依家用900蚊可以買到三枚300蚊的銀幣, 但如果戰爭唔來, 個枚300蚊銀幣, 只會跟純銀價上落, 但個枚900蚊紀念幣可以因為它限量的收藏價值在短時間內升上去1500蚊, 而呢樣就是紀念幣的吸引力 ! 而一早說過, 乜投資都有風險, 所以也說過, 放倉底的會是個些300蚊的銀幣, 而紀念幣只會是最上層的一小部份 !

London Trader - Staggering Gold Demand Creating Shortages

2012-01-18T11:52:00.002+08:00

kingworldnews.com

With many global investors still concerned about the price of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets. The source stated, “We’ve still got a very, very compressed spring because the shorts are still trying to defend their positions, their naked short positions in both the gold and silver markets. As an example, in the silver market, you saw that type of activity in the silver ETF (SLV). Shorts borrowed another 3 million ounces to cover immediate delivery concerns. There are 25 million ounces now borrowed from SLV. It is getting worse and worse for them.”

The London Trader continues:

“They are naked short on the COMEX and to meet immediate delivery demand they are having to borrow it from the SLV. It is still unwinding and it’s still got a long way to go. Yes, you will still see games being played and yes you can create paper gold out of thin air. But there comes a point where each time you do that the physical buyers are taking it and it has a lagging effect that will catch up, and eventually it gets reflected in the price.

The demand for euro gold here in London is so intense it’s shocking to some of the players. This is what has left some market participants in the US wondering why the price of gold has risen along with the dollar. It’s because demand in the eurozone is unimaginably strong. The euro physical gold demand is off the charts and it is creating shortages for metal, in size, here in London.

The physical gold market is actually being drained by euro gold buyers. People are converting their euros to gold and there is only a finite amount of physical gold available. Again, that’s why you are seeing the dollar and gold rallying together.

We are also seeing very strong markets in Asia with solid premiums. Silver is in backwardation. There are huge premiums for size (large tonnage orders) in silver and you are going to wait 3, 4 or 5 weeks for delivery. There is constant backwardation into the March futures contract. For the most part, the bid on silver spot has been higher than the ask on March futures.

These paper markets are a joke. Nobody who is seriously in the business of taking physical delivery is trading on the COMEX anymore. That is big news. The COMEX is no longer a credible marketplace....

Continue reading the London Trader interview below...

“You now have international funds, whose compliance departments are saying to them, ‘You can no longer trade on the Comex because the CME did not back client accounts.’ There are a tremendous number of international funds and hedge funds that can no longer trade on the COMEX as of the first of this year because of compliance reasons and no one is talking about this. This is huge news.

Back to gold, if we get a pit close above $1,650 you could see a lot of scared shorts begin to cover. This could create a very quick move higher in the gold price. Also, if we get a pit close above $1,650, we are going to see a very large tranche of unfilled wholesale orders moving a lot higher with their bids, and that will become a base. There are massive orders for sovereign entities under the market here.

The Chinese are long-term thinkers and they really don’t care whether they are paying $1,600 or $1,700 for gold. What they do is get the best price they can. When the new floor eventually becomes $1,700, they will buy everything available at that price. When it becomes $1,800 they will buy at that price. They are just looking to accumulate gold and they are never sellers, never.

There are two things here. Yes, China wants a cheap gold price and they’ve been enjoying the fact the gold market was taken down. They have recently taken another roughly 150 tons away from the Western central banks. The Western central banks essentially donated that gold in an attempt to prop up their paper currencies. Yet again these traitorous Western central bankers have given away more power.

I see gold as power and once again they have given it away to the Eastern Hemisphere. The Chinese continue to laugh. As much as the Chinese would like to have a cheap gold price and have this manipulation keep going, they also want to bring the renminbi to the center stage.

To them, it’s more important the Chinese currency becomes the world’s currency. The dollar, despite the latest rally, is dying, we all know it’s dying. So, the Chinese are moving to become the international currency of the world and the best way to do that is through gold. It’s a very clever tactic. Every time more gold arrives in China, the more their currency is backed, the closer they move technically to becoming the world’s reserve currency.”

The flow of gold from Western vaults to Eastern vaults is the most important symbol of the decline of the West. As the East rises, the West falls. “So goes the gold, so goes the power.” Remember to be your own central bank by owning physical gold. Many in Europe have apparently figured this out as gold demand is, “off the charts.”

廣州人寧買房不買股

2012-01-16T11:55:00.002+08:00

蘋果日報

【本報訊】內地人在 2012年錢該怎麼花？廣州社情民意研究中心進行一項民意調查結果，受訪市民今年的支出計劃大體可以總結為，「多花錢，少投資；寧買房，不買股。」
廣州社情民意研究中心公佈「北上廣市民看物價、房價和股價」的民意調查結果，調查發現，北京市民對物價、房價和股價變化評價，較上海、廣州為好，廣州市民對物價、房價變化評價均較差，上海市民則對股價變化不滿最為明顯。對政府調控的效果，同樣是北京市民的評價為好，廣州市民的評價為差，而上海市民仍凸顯對股票價格調控的不滿。
展望今年，三地受訪市民對於物價的預期較差， 56%的受訪者認為物價將不同程度上升。而對於房價的預期以看跌為主， 40%人認為房價將不同程度下降。股票價格預期則不確定， 50%人認為其前景「難說」。其中北京市民對房價下降預期較明顯。

宋鴻兵： 14年內遠離股市

此外，對房價出現由升轉降的拐點的專家意見， 47%的市民表示同意。而對近期政府官員「大家應對市場有信心」的股市評論，高達 42%的人表示「不同意」。對於上述「拐點說」和「信心論」兩種看法，收入越高者越持同意態度，收入越低者越持不同意態度。
黎民百姓不大相信「信心論」，《貨幣戰爭》作者宋鴻兵指，當前全球面臨的「貨幣危機」，貴金屬、農業和醫療保健才是當前值得長期投資的類別，股市方面，「未來 14年都要遠離」。
宋鴻兵說，借鑑歷史經驗， 2008年一直到 2024年之間將再度出現 16年左右的大熊市，不光是美國，歐洲、日本也一樣，全球最主要的發達國家都將陷入長期的消費蕭條，這對其他地區則意味着外部經濟情況惡化，「周邊的股市不好，中國的股市能逆勢上漲嗎？

UniCredit Failure is on Tap, Will Result in a Dozen Western Bank Failures OVERNIGHT

2012-01-15T23:26:00.002+08:00

風暴愈來愈近 !

silverdoctors.blogspot.com

With the S&P massively downgrading the Eurozone nations Friday, The Doc interviewed Jim Willie of goldenjackass.com today regarding his thoughts on the Euro crisis and the implications to gold and silver.
When asked to clarify the timing for his call for an Italian bank to fail and initiate a domino like reaction in the banking system Jim responded:

Timing questions are the hardest- definitely the hardest. I don’t know, it could be a month. Back in early December I thought it was going to be early in the new year, like in the middle of January- late January that the first Italian bank would go. And it looks like it’s going to be UniCredit. UniCredit is just hanging on by threads. We don’t have full access to what their portfolio is but all indications are that they’re holding a lot of toxic paper and they’re shedding a lot of probably government bonds, and they’re selling a lot at the ECB window.

He continues further:

So next on tap is UniCredit going bad, going bust, failing, turning to dust. And when that happens look for at least another couple Italian banks to also go bust. And when that happens look for the French banks to go bust. The three major French banks. Credit Agricole, BNP Paribas, and Societe Generale. And when that happens look for at least one or two London banks to go bust- they’re all inter-connected!

We hear constantly about the counter parties for the derivatives that these banks own. And we hear that they offset. Like Bank A has credit derivatives for default of Bank B and vice versa, so they’re both ok, they cancel out. Well that’s DEAD WRONG! DEAD WRONG!! THEY BOTH DIE! They don’t help each other! It’s like saying well this guy’s drowning in a pool in the deep water, and so is his friend! Neither one can swim, but it’ll cancel them out, and they’ll both be ok. THAT’S A BUNCH OF GARBAGE!! The counter party risk is MUTUAL AND DEADLY!
When one or two banks go down, it’s going to hit overnight, hit rapidly, and probably involve a dozen banks. That’s my feeling Doc.

施永青：樓價上半年跌 10%

2012-01-15T12:59:00.001+08:00

蘋果日報

【本報訊】本港樓市去年已進入調整期，在環球經濟未明朗，業界對其今年表現分歧頗大，中原集團董事施永青也指樓市都存有極大變數，難以「睇通」，預計上半年整體住宅跌幅約達 10%，下半年則極視乎中國經濟能否擺脫歐美債務危機的拖累，才敢作定論。而相比之下，較穩陣的物業投資則首選商舖。
施永青昨出席集團旗下中原理財講座後表示，今年整體樓市表現應呈跌勢，且前景並不明朗，估計上半年交投持續疲弱，樓價也會下滑約 10%。現時關鍵在於中國經濟表現，稍後能否證明可以不太受歐美經濟及債務危機影響，可保持 8%增長；如不保，要硬着陸，則本港樓市也必受拖累。不過，他個人較樂觀，相信下半年樓市會稍有起色，因此，集團上半年盡量不減少本港員工及分行數目。

投資商舖防守性強

然而，他認為，面對歐美都以「印銀紙」方式去解決自身的經濟及債務危機問題，投資氣氛不景下，持有任何投資工具甚至現金，基本上都會貶值。不過，持有如物業及黃金等的「實物」工具，相對較「穩陣」。
物業投資中，他個人會首選商舖，因仍有較興旺的旅遊業支撐，甲級商廈短期會有調整，長線也不失是好投資工具。至於住宅方面，因受政府房策所左右，特別細單位所承受壓力較大，投資約 1000方呎以上的中大型單較有保障。他指出，如目前投資組合中，物業比例佔少於 30%，還可伺機出擊；如已逾 50%則要減磅。
此外，一手及二手市場交投繼續疲軟，一手昨錄約 10宗成交，其中紅磡昇御門佔半。至於二手市場極為平靜，只有業主肯降價才較易成交。市場傳薄扶林貝沙灣 5期單號屋，面積 9254方呎，業主原叫價 3.5億元，剛以逾 3.1億元售出，降價近 4000萬元。

全球僅餘12個「3A」國

2012-01-15T12:17:00.001+08:00

文匯報

標普下調9個歐元國主權信貸評級，法國及奧地利的AAA最高評級被摘下，令全球仍獲標普、穆迪及惠譽3大評級機構同時維持3A的國家僅餘12個。

　12個AAA國家中，9個來自歐洲，包括德國、荷蘭及盧森堡3個歐元區國家，以及英國、瑞士、挪威、丹麥、瑞典及芬蘭。其餘3國分別是加拿大、新加坡及澳洲。香港則是獲3A投資級別的中國特別行政區。

　加、澳、丹、芬、瑞5國早年曾遭標普摘下3A，但多年努力後重新戴上「光環」，澳洲其間更失落3A評級17年之久。分析指法、奧有可能重奪標普的3A，但歷程將非常痛苦困難，必須在財政上作重大犧牲。

　相反，日本於2001年遭標普褫奪3A後，至今已跌至AA-。愛爾蘭、冰島及西班牙等歐洲財困國，3A評級近年不保後，至今仍無法「翻身」。

■綜合外電消息

2006 1/2 oz 9999 Timber Wolf

2012-01-14T13:21:00.002+08:00

本人唔係成日好彩, 呢隻加拿大2006年半盎司9999灰狼(連運費和匯費$315)就有少少 hair line, 而俾膠套啤死咗, 所以無得用摸銀布摸 !
不過買得個三隻, 當收藏囉 !

1/10 oz libertad proof coin

2012-01-14T12:30:00.002+08:00

連運費和匯費, $85 一枚

因為在香港難得買到細銀幣, 所以見到佢平過PM1/10 盎司樹熊, 所以訂了, 但在旺旺落完單後, 我才再去網上睇須唔須要買膠盒, 先睇到佢寫, 無得揀年份有可能不同年份和有少少hair line, 所以來貨時本來預咗是好多花痕的幣同無膠盒, 點知全部好靚女的2010年幣和有好cute 的小小膠盒裝住 !

各有各好

2012-01-13T23:15:00.008+08:00

Canadian Little Skaters 1/2 oz 9999 silver Proof coin $428 (連運費和匯費)

Canadian Winter Town 1/2 oz 9999 silver Proof coin $428 (連運費和匯費)

Sunshine 1/2 oz 999 silver round $123 (連運費和匯費)

假2011楓葉銀幣

2012-01-11T15:22:00.002+08:00

www.youtube.com

所以買銀幣唔好亂買, 最好去有誠信商號買 !

率先示警證監籲注意投資風險

2012-01-11T12:41:00.000+08:00

蘋果日報

針對 RQFII基金湧現，證監會昨日特別提醒投資者相關風險，指出這類產品只投資於內地單一市場，投資者要留意人民幣滙率風險，此外，由於至少有 80%資金投資於債市，投資者要注意利率走勢、發行商信貸及流通風險。
評級標準乏透明度

RQFII產品的資金至少有 80%投資於內地債市，投資於 A股少於兩成，因此，證監會提醒投資者要關注與內地債市相關的風險，舉例，發行商一般在內地成立，不受制於香港法例， RQFII基金對發行商行使權利時或會遇到困難或延誤。
另外，內地信貸評級機構可能對部份 RQFII基金所持有的債券或票據發出投資評級，但這些評級機構或缺乏透明度，其評級標準亦可能與國際認可的評級機構標準有很大差異。加上內地債市仍處於發展階段，買賣差價較闊，基金經理沽貨時或須支付較高的交易成本甚至蒙受損失。

金銀開車 ?

2012-01-11T00:12:00.001+08:00

美元又轉弱 !

假銀幣

2012-01-10T16:24:00.000+08:00

www.youtube.com

Mike Maloney and The Elevation Group

2012-01-09T13:28:00.001+08:00

www.youtube.com

Get Gold, Silver, & A Foreign Passport Before the Collapse

2012-01-09T12:00:00.002+08:00

邊個還想移民去美國 ? 邊個還羡慕美國的自由民主 ?
原來全是假象 !
美國依家已軍國過俄國和中國 !

silverdoctors.blogspot.com

Jeff Berwick of The Dollar Vigilante tells SGTbull that besides gold and silver, a foreign passport is a necessity prior to the coming collapse.

James Turk - Gold is Great, But Silver is the Next Apple

2012-01-08T14:44:00.004+08:00

kingworldnews.com

With 2012 off to a solid start, King World News wanted to do a gold & silver special with James Turk for KWN readers globally. All we can tell you is Turk came through in a very big way. Turk discussed gold, but let’s start off with what he had to say about silver: “Whenever I look at silver I keep going back to the wonderful blog piece you wrote on October 18th, titled, ‘Is Silver the Next Apple?’

That long-term chart of Apple conveys an important message. Despite five major corrections, over ten years, shares of Apple, nevertheless, rose 70 fold. If you were shaken out on any of those corrections, you would have missed one of greatest bull moves in history.”

James Turk continues:

“So that KWN readers globally can get a visual of how violent some of the corrections in Apple have been, I am including a long-term chart of AAPL below. As was mentioned in your October 18th piece, there were five major corrections in Apple, ranging from 27% to 82%, which long-term investors had to endure in order to make 70 times their money...

We have to transfer that big picture thinking to silver. Over the past seven months, silver has undergone what everybody seems to believe was a very nasty correction. However, a weekly chart of silver is still showing a very bullish picture. The flag pattern, which you and I have spoken about previously, is still very much in place.

If anything, the patten has now become stronger because silver is now testing support in the high 20s and looks like it is forming a double bottom. I still think this flag pattern will send silver to $70 in three months, once silver has broken out to the upside. Because it is a descending flag pattern, the breakout pattern has now moved down to $37.50, but $35 is the more important resistance level.

Once theses two levels are taken out, that three month move to $70 begins. So, as I see it, just keep accumulating physical silver here. The fundamentals for silver continue to remain very bullish and only time will tell if silver is the next Apple. I continue to expect that silver will go much higher and reach my $400 per ounce forecast....

Continue reading the James Turk interview below...

“If we go back a decade ago in silver and start the bull market in the mid 4s, and silver reaches my long-term target, it will have actually outperformed shares of Apple.”

When asked about gold, Turk responded, “Like silver, gold has come back and retested its September low. So it too is forming a double-bottom on its chart. Importantly, physical demand for gold, under $1,600, has been very strong. Now that gold is back above $1,600, we are starting to see some serious short-covering which should propel gold significantly higher.

Over here in Europe, the euro and the worsening European bank crisis are inevitably leading many people to the gold market as a safe haven. Consequently, I think it’s safe to assume that the low for gold is in place. In fact, Eric, we’ve probably seen, this week, the low price in gold for the year. In other words, onwards and upwards from here with a price well over $2,000 within sight.

Regardless of whether investors are accumulating additional gold and silver positions or simply holding on to what they have, people should remember those great lines from Jesse Livermore:

“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets.

I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariable matched mine -- that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”

香港業主打贏巴菲特去年港樓價升8％股神輸錢4.7％

2012-01-07T12:34:00.002+08:00

hk.biz.yahoo.com

1月 7日星期六

【明報專訊】回顧2011年，香港仍處在高通脹和低利率的大環境下，加上外圍經濟和金融市場極為動盪，要保存擁有的財富殊不容易。不過，香港的業主卻做到了，過去一年的成績更加跑贏了「股神」巴菲特！

可不是嗎？香港去年的通脹率高逾5％，但存款利率卻仍然接近零，大家都為保存現金的購買力而頭痛。若然因看不通後市，而選擇將銀行放在活期紅簿仔，則存款經過一年以後，大概不見了5個巴仙的購買力。而若選擇買股，恒指去年跌了約20％，對股民而言，除非獨具慧眼，否則可說是哀痛的一年。

更可悲的是，大部分打工仔都要供款的強積金，去年也錄得約8.4%的負回報！或許，一般港人較熟悉的投資工具中，還有黃金在去年升了10％，但大家要忍受得了期間的大幅波動。

相比之下，香港業主可說是去年較幸運的一群，雖然因政府不斷打壓樓市和增加土地供應，加上按揭利率回升和股市受壓等不利因素，樓價去年中起終稍見回落，但一般住宅樓價全年計仍錄得接近8％的升幅，這還未計期內享有3至4厘的租金回報！

文首說香港業主過去一年的戰績跑贏了股神，可不是亂說的。事實上，雖然美國股市去年表現不太差，標普500指數全年接近「打和」，但股神的投資旗艦巴郡，股價全年卻下跌了4.7%，跑輸了美股和香港的一般住宅樓價！

除了股神外，近年聲名大噪的「沽神」、在次按爆煲一役勁賺的保爾森，其旗艦基金Advantage Plus股價更在一年內勁挫達52％，至於有「債王」稱號的格羅斯，旗下的主力基金Total Return同樣表現不濟，全年僅升4.2%，不單輸給96%的同業，也不是香港業主的對手！

去年動盪港樓調整相對溫和

當然，筆者不是說股神不濟，而是去年整體投資環境確實太過動盪，好淡因素多樣化，而且變化速度極高，相對之下，香港樓市雖然近月也開始出現了調整，但主要體現在成交萎縮，加上港人住屋或換樓需求依然強勁，樓價迄今的調整幅度亦相對溫和。

另外，正如銷售基金或其他投資工具時需要指出的是，過往的價格走勢和回報表現，並不代表未來會一樣，去年香港樓價堅挺，不代表今年仍一定可跑贏大市。這裏不評論現時是應否入市買樓自住或投資，但也想提醒大家，正如金管局前總裁任志剛所言，在香港沒有自住物業，與「沽空」樓市效果相若，因樓價和租金固然會有機會下調，但也絕不能保證不會回頭上升！

若賣樓炒股賠了夫人又折兵

其實，過去一年，相信最惆悵的，還是那些賣了樓等樓價跌，卻又手痕將套現了的資金轉投股市的人，變成賠了夫人又折兵！

還有，大家更不要以為「跑贏」了股神，便沾沾自喜，筆者近日訪問了一位知名基金經理，他便說論投資成績，不能單以數月或一年便為英雄或狗熊，而是要經歷整個投資周期以後，才知誰是最後勝利者。而過去數十年，股神之所以成為股神，雖也有個別年份失手，但以十年或廿年計，卻是大贏特贏，而香港樓市也曾經歷多個起落周期，當中有曾賺大錢，也有被大浪畄走，當然也有永遠做塘邊鶴，過了數十年，仍是無殼蝸牛。

說到股神的致勝策略，他月前接受美國CNBC電視台訪問，其對答頗值得參考。訪問中，主持問他：「你是如何處理不確定性的？你是忽略所有的不確定性，還是說，你會想法處理這些不確定性，並做出投資決策？」

股神教路著眼資產長期潛力

股神回應說：「世界總是不確定的。即使聯儲局主席伯南克來見我，在我耳邊小聲告訴我們他明天將會做這件事那件事，我也根本不會改變我對自己想要買入股票的公司的看法。將來肯定會出現各種各樣的大事件，肯定會有各種各樣的不確定性，最終真正重要的是你持有的公司、農場、房子未來這些年份表現如何。我無法確定買入和賣出的具體時間。」

若應用於樓市，我們永遠都不可能確定市場的短期變化，最重要是個人的分析和看法，不要受短期消息或人家意見的過度影響，而是在意買入物業的長期潛力。

明報記者陸振球

劉央持股重傷　三日蝕 9000萬

2012-01-06T12:24:00.002+08:00

真是太天真啦, 忘記咗2008年時的教訓 !

蘋果日報

細價股走勢暗淡，慘蝕者包括鍾情細價股的「女股神」劉央。粗略計，旗下所持重倉的上市股份，在 2012短短 3個交易日市值蒸發近 9000萬元，難怪劉央在早前接受彭博電視訪問時亦疑似「發爛渣」，多次大罵「香港已經毫無希望」！

抨「隱形之手」造市

聯交所資料顯示，劉央旗下西京投資持股逾 5%的港上市公司近 30隻，絕大部份為小型的細價股。據統計，今年截至昨天的 3個交易日，逾三分二相關股份累計股價下跌，西京所持總市值大跌近 9000萬元至約 82.4億元。最重傷股份為劉央愛股人和商業（ 1387）， 3日累挫 4.7%，所佔市值挫逾 5000萬元，認真重傷。
劉央本周二曾火爆地表示，她曾經天真地相信基本因素，而香港背靠中國，理應擁有良好投資概念，但她去年所有投資項目回報均慘淡。她批評箇中原因，是因為有財雄勢大的「隱形之手」操控香港股市走勢，「我可以感覺到，但不知道他們是誰！」

2012熊貓金幣

2012-01-04T17:02:00.005+08:00

外國網已有得賣, 香港金貓銀貓都沒見跡影 !

資金又流出美元

2012-01-04T00:53:00.002+08:00

金、銀、匯、股、油都升 !

胡總批西方「文化滲透」籲官員提高警惕

2012-01-03T14:15:00.001+08:00

文匯報

香港文匯報訊　 (記者王玨北京報道) 國家主席胡錦濤在2012年第一期《求是》雜誌上發表文章，強調要建設社會主義文化強國。胡錦濤指出，國際敵對勢力正在加緊對中國實施西化、分化戰略圖謀，思想文化領域是其進行長期滲透的重點領域。因此，官員要「警鐘長鳴、警惕長存」。

　中共十七屆六中全會於去年10月15日至18日召開，主題是文化建設。在這篇題為《堅定不移走中國特色社會主義文化發展道路，努力建設社會主義文化強國》的文章中，胡錦濤表示，當今世界正處在大發展大變革大調整時期，當代中國正在新的歷史起點上向著新的奮鬥目標邁進，文化的作用更加廣泛而深刻。

「西強我弱」尚未根本扭轉

　胡錦濤指出，在世界範圍內各種思想文化交流交融交鋒更加頻繁的背景下，誰佔據了文化發展制高點，誰擁有了強大文化軟實力，誰就能夠在激烈的國際競爭中贏得主動。他警告，必須清醒地看到，國際敵對勢力正在加緊對中國實施西化、分化戰略圖謀，思想文化領域是其進行長期滲透的重點領域，因此需要深刻認識意識形態領域鬥爭的嚴重性和複雜性，警鐘長鳴、警惕長存，採取有力措施加以防範和應對。

　胡錦濤稱，總體而言，中國文化發展同經濟社會發展和人民日益增長的精神文化需求還不完全適應，束縛文化生產力發展的體制機制問題尚未根本解決，文化在引領風尚、教育人民、服務社會、推動發展等方面的作用還沒有得到充分發揮，中國文化整體實力和國際影響力與中國國際地位還不相稱，「西強我弱」的國際文化和輿論格局尚未根本扭轉。

促文化輸出旨提高軟實力

　胡錦濤表示，要提高文化產業規模化、集約化、專業化水平，優化文化產業結構，促進文化和科技融合發展，推動文化產業成為國民經濟支柱性產業。要圍繞提高中華文化國際影響力和競爭力，積極開拓國際文化市場，創新文化走出去模式，不斷提高國家文化軟實力。

　最後，胡錦濤還表示，要抓住和用好中國發展的重要戰略機遇期，在新的歷史起點上深化文化體制改革、推動社會主義文化大發展大繁榮。

How Silver Is Mined

2012-01-02T18:08:00.001+08:00

How Silver Is Mined

What does it take to make pure silver coins and bars? This time we’re looking at the enormous task of mining silver. The video also reveals the key steps involved in the creation of doré bars – semi-pure bars that require further purification at a refinery before the silver can be used for minting.

羅家聰：恒指2013年才見曙光

2012-01-01T20:16:00.001+08:00

hk.news.yahoo.com

【明報專訊】羅家聰在今年5月恒指處23000點時，已警告環球經濟增長見頂，本港股市及樓市會於今年內「轉角」，資產價格將大跌，呼籲投資者及早離場，結果被他言中。

他估計，港股短期內會急升或急跌，其後緩緩下滑。他估計，恒指很大機會見12000點，並要至2013年才能再見曙光。

亞洲資產見頂罷買港股樓

他的意見是繼續「罷買」港股港樓。他指美國金融海嘯後，推出量化寬鬆政策，大量資金湧入亞洲新興市場。近兩年這類市場已被炒起，亞洲資產已見頂。「一眾投資者要獲利回吐，資金自然從亞洲流走。」他認為，資金流走的情况於明年會持續。

他指當年流入新興市場的資金，會隨着美國經濟表現逐步改善，而重投美元懷抱。雖然近期美匯指數回落，但羅家聰認為從技術走勢上看，已築好大圓底，有力再度向上。當美元強勢，其他地方股市自然受波及而轉弱。美股及美債的回報，會因資金轉移陣地而提高。

歐洲各國緊縮開支，削減國民福利，羅家聰估計將令政局變得動盪，歐洲多國勢必如希臘，出現更多政治亂局。「所謂財政聯盟，實際上是將錢包打通，奈何沒有錢在內。」所以他估計歐元區最終將走上解體之路。

1oz Buffalo Silver Round

2012-01-01T15:06:00.008+08:00

呢個是我見到最似樣的 Buffalo round(NTR Mint 出產), 因為 Buffalo rounds 愈出愈多, 而好多簡化到連年份都無和無UNITED-STATES-OF-AMERICA 字印 !
美國個邊愈出愈多 replica silver round, 所以大家買時, 一定要睇清楚, 唔好當古幣俾多咗錢, 因為它們只值近純銀的價錢 !

silvergoldbull.com

Buffalo silver rounds are some of the most popular silver investment items being sold today. Their design is based on the Indian Head nickel, also known as the Buffalo nickel, which was minted between 1913 and 1938.

Buffalo silver rounds are not produced by the US Mint, but rather by private mints. They have no official connection with either the Indian Head nickel or the American gold buffalo coin, but are rather inspired by their design.

On the obverse of the private mint issued round is a portrait of a Native American man along with the word “LIBERTY” at the top right edge. On its reverse is an image of a buffalo, along with the purity and fineness listing of “.999 FINE SILVER” along the top edge above the buffalo, along with the weight description “ONE TROY OUNCE” below the buffalo at the bottom of the coin. It has a diameter of 37 mm.

Since they are not officially minted bullion coins but rather silver rounds, silver buffalos can be bought at significantly lower premiums than officially minted silver coins like the American Silver Eagle and the Canadian Silver Maple. They will, of course, sell for a lower price too, since they are not world famous like silver eagles or maples. But silver bullion is silver bullion, and buffalo silver rounds are an efficient way to invest in silver at prices closer to spot.

Stephen Leeb: Expect $5 Gas, $60 Silver & $3,000 Gold in 2012

2012-01-01T00:17:00.002+08:00

kingworldnews.com

With 2011 coming to a close and gold and silver stabilizing after the recent smash, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. KWN wanted to get his outlook for 2012 and thoughts on the recent takedown in the metals. When asked about the action in gold, Leeb responded, “The fact that gold has gone down, in the face of what should be good news, has really spooked people. But there are a lot of reasons you can have corrections, even the strongest markets have corrections. This could have started because Paulson sold a big chunk of his GLD.”

Stephen Leeb continues:

“Why did he (Paulson) sell GLD? Because he bet a lot on banks and banks lost 25% or 30% in value. There may have been other hedge funds in the same position. To put this correction in perspective, in 2008 gold went down, from top to bottom, by 34%. Most of that decline followed Bear Stearns. It reflected a lack of liquidity in the system.

The point I’m making is these kind of corrections are just that, corrections. This is hard to believe, but gold today, it’s yearly average is 20% higher than the yearly average in 2010. That’s a remarkable move. Gold had a great year.

All of the sudden you have an asset that’s been in an eleven year bull market and everybody is bearish on it. It’s quite remarkable when you think about it.

I just want to add that we are now shutting down refineries in this country because they are no longer profitable.....

“That means you could have a floor, not a ceiling, but a floor of $4 per gallon of gasoline this summer.

If Europe ever does get its act together we could see crude move to $120 to $130 a barrel. That would mean $5 a gallon gasoline at the pump. This is going to be a massive tax on consumers for which the government gets no benefit.

It’s going to slow down the economy and at the same time it will juice up inflation. This means the Fed is not going to risk another depression so they may loosen in the face of inflation going up. If that happens, not that gold would even need it, but this would take gold’s uptrend and add multiple turbo-boosters to it.

I’ll give you my target for gold at the end of 2012, it’s going to be trading somewhere between $2,500 and $3,000. This correction, in other words, is a non-event. The rubber band analogy applies here, for every dollar down on gold, it will mean an extra dollar on the upside when we get the reversal.

It’s so important for investors that are not seasoned, it’s so important not to get shaken out of your position here. And if you have extra money on the side, this is a great buying opportunity.

Segueing into silver, silver is even better here. The Chinese have started to stockpile silver, sort of hidden in an announcement they made the other day. They are not going to export any silver. China is not going to export, according to their latest announcement, not even one ounce of silver.

So, if I were to target silver for the end of 2012, I’m going to be very, very conservative and say silver will finish 2012 at $60. It’s going to make new all-time highs.”

港股今年跌2成市值蒸發3.5萬億

2011-12-31T18:05:00.003+08:00

依家買股等升市, 風險唔小, 因為無人可以保証股市會跌去乜位和幾時可以升返 !

文匯報

香港文匯報訊（記者李永青）2011年港股最後一個交易日，大市昨以紅盤報收，微升36點，報18,434點。在歐債危機陰霾重重籠罩，及美國被降主權評級等影響下，總括全年恒指累跌4,601點，跌幅20%，為08年以來最差，年內高低波幅達8,298點；國指亦累計跌21.7%至9,936點。大市市值減至17.53萬億元，蒸發3.54萬億元或16.79%。

　回顧2011年，48隻恒指成分股中，飽受歐債危機拖累的思捷(0330)表現最差，累跌 73%，其次為新世界發展(0017)，累跌53%。相反，聯通(0762)成為表現最佳的恒指成份股，全年累升47%。同時，今年染藍之股份則報喜，康師傅(0322)及旺旺(0151)雖糾纏於成本上漲問題，但無阻兩股爆上，分別成為本年最佳藍籌股第二位及第四位，升幅分別18.6%及13.8%。另外，曾為眾多散戶愛股的礇控(0005)，昨在2011年最後一個交易日未能重上60元水平，收報59元，全年累跌約26%。

大市先甜後苦年跌4601點

　以先甜後苦來形容2011年可謂最適合不過，4月份恒指曾見全年高位的24,468點，但之後壞消息一個接一個，特別是歐債危機像雪球般，多個歐盟成員國先後出事，希臘面臨破產邊緣，希臘總理更被迫下台，再加上去年8月標普調低美國主權評級，令美國失去「AAA」評級，消息令全球股市大跌，港股單是8、9月份已跌逾6,000點，恒指亦在10月初跌至全年低位的16,170點。港股全年累跌4,601 點，亦令市值大幅蒸發，港股在2010年12月31日市值為210,770億元，但至2011年12月30日，跌至175,372億元，跌幅為 16.79%。

　受隔夜美股上升135點刺激，港股於2011年最後一個交易日表現造好，收報18,434點，升36點；國指收報9,936點，跌8點，成交總額進一步萎縮至246.3億元，為連續4個交易日少於300億元。

瑞信：來年走勢先低後高

　展望2012年，瑞信私人銀行部亞太區研究主管范卓雲預料，上半年仍受歐債問題困擾，港股走勢將先低後高，首季將在18,000點至20,000點上落，全年恒指目標價為23,500點，國企指數為12,000點，建議投資者明年購入高息股，並避免投資受經濟周期影響較大的行業，如航運股。范卓雲表示，在歐債危機和全球經濟放緩情況下，在2012年全球經濟難有改善，但目前股票的估值已反映了經濟衰退。

　至於入市時間，范卓雲預料，第二季港股才會迎來升勢，因為第一季受歐債危機的影響，大市將維持上落的波動格局。利好因素方面，包括歐債危機落實解決方案時間表，及3月召開的中國全國人大會議推出穩定經濟的刺激政策。

電訊及設備股料繼續受捧

　耀才證券研究部副經理植耀輝表示，由於預期明年環球經濟會不景氣，故外貿出口亦會萎縮，加上內地樓價未見大跌，料中央政府只會微調宏調政策，不會過早放鬆調控力度，故航運、內銀及內房板塊料明年仍然「冇運行」。反之電訊行業為內地「十二五」規劃的重點之一，加上收入較穩定，較少受經濟不景影響，故料續成為逆市奇葩；電訊設備股料亦會受惠行業增加支出，可看高一線。

又到年結時

2011-12-31T12:38:00.004+08:00

誰跑得快 ?
1. 油 +13.35%
2. 黃金 +10.03%
3. Dow + 5.53%
4. 日元 + 5.27%

白銀跌得最傷 -8.44%, 但舊年升成 80%, 所以跌下來正是俾大家買平貨的機會 !
其他外幣升跌輕微 !

本人投資組合流動資金, 2011年增長約 6% !

由Joe 網轉過來, 恒指 2011年跌 20%, 所以沽股買金銀是買岩咗 !

Mad Rush in Japan to SELL Bullion

2011-12-30T11:54:00.001+08:00

silverdoctors.blogspot.com

Well what was supposed to be an almost immediate tax implication for bullion transactions in Japan, left two days of freedom for interested buyers/sellers and has resulted in a MAD RUSH to sell their bullion. Bullion houses are staying open late due to huge demand from sellers who want to complete transactions before the new tax law takes effect January 1st.

SINGAPORE, Dec 29 (Reuters) - A new taxation law in
Japan has triggered a bullion sales spree among gold investors
at the end of the year despite sharp falls in gold prices,
dealers said.

From Jan. 1, bullion retailers are required to report to tax
authorities physical gold and platinum transactions of over 2
million yen ($25,700) with members of the general public, said a
senior official with a large bullion house in Tokyo.

Bullion houses stayed open on Thursday, even though it was a
public holiday in Japan, to receive investors who wanted to sell
their physical gold holdings or swap big chunks of gold for
smaller lots, such as coins.

"The general public does not want to pay additional tax on
their gold investment," said the official. "So even though
prices dropped sharply overnight many are coming to bullion
shops for liquidation."

Reuters Full Press Release

資金又流去美元

2011-12-29T00:43:00.003+08:00

金銀又試支持位 !
好彩我地可以用靚靚銀幣來安慰自己 !

團購銀幣完滿結束

2011-12-28T23:41:00.004+08:00

今日下午順利收到貨和今晚飯局分曬貨啦 !

最多人買的銀幣是 :

1. 2012 1oz Somalian Elephant
2. 2012 1oz Britannia
3. 2011 1oz Fiji Taku
4. 2011 1oz Somalian Elephant

美国追查公民海外资产致部分华人放弃绿卡

2011-12-28T13:57:00.002+08:00

美國愈窮愈見鬼, 又一招玩死自己 !

news.sina.com.cn

又是一年“报税”季！国库亏空、债台高筑，美国政府加紧追查国人海外账户和海外资产的真实性，一旦被查出在海外藏有资产，户主将被施以重罚。提醒想移民美国的华人，今后，移民美国或在美投资可要三思而后行了。

　　美政府彻查公民海外资产

　　上周，美国国税局公布了《海外账户纳税法案》(FATCA)部分实施细则。根据税法规定，截至2011年12月31日，居住在美国境内、在海外拥有5万美元以上资产或者居住在美国境外、在海外拥有20万美元以上资产的美国公民和持有美国绿卡的外国人都需要在2012年4月15日前向政府申报；藏匿海外资产拒不申报被视为有意逃税，一经查出会被处以高达5万美元的罚款，严重的还会被判刑。

　　以前第一轮主动申报到2009年10月15日结束时，美国国税局共收到了1.5万份境外资产申报书，涉及60多个国家的银行，美国政府并不满意，于是发起了第二轮的主动申报计划。

　　银行被要求晒客户账户

　　此外，美国政府还规定，所有想在美国经营的外国银行从2013年1月1日起都必须向美国国税局提供存款超过5万美元的美国公民账户信息，否则就被视为与美国政府不合作。对于不合作的金融机构，美国将对其总收入(而不是净收入或利润)征收30%的惩罚性税收。瑞士银行家菲利普·布朗认为，上述措施无疑是“迫使银行在丧失客户和公开资料之间做出痛苦的抉择”。在此之前，以保护匿名账户著称的一家瑞士银行因为在一项诉讼中要与美国政府达成和解，从而向美国政府提供了4000多个账户的名字，其中有许多是在海外藏匿资产的富豪。

　　部分华人放弃绿卡

　　由于中国是移民美国的大国，大约总计有250万的华人是美国第一代移民，这些人与祖籍地都有或多或少的经济上的联系。美政府出“重拳”彻查公民海外资产以来，就有不少旅美台湾人惶惶不可终日。有不少人为了保住在台湾的资产，宁愿选择放弃美国的国籍或者绿卡。

　　美国《每日新闻》网站认为，美国政府要求外国银行提供美国公民账户信息，这将会让那些打算在海外开立投资或储蓄账户的美国公民遭遇更大的困难，在这种情况下，华裔美国人最终选择放弃美国公民身份的人数也越来越多。

　　但是根据美国税法规定，即便放弃美国国籍，美国政府要求补交放弃国籍前五年拥有的海外资产隐匿不报而逃避的税收和罚金。美国国税局的规定出台以后，美国的华人会计师事务所生意变得格外好，很多人来打探消息。

　　○新闻分析

　　为何现在才严打

　　据《全球华语广播网》美国观察员余浩分析，2011年美国联邦赤字高达1.4万亿美元，未来几年联邦政府的财政赤字总额将达到8.7万亿美元。据了解，这个法律早在1971年就有了，但以前并没有严格地执行。说到底现在美国政府没钱了需要找辙来弄钱，这就是现在重拳出击的最主要的原因。

　　综合中国日报、北京晚报