Would you like to react to this message? Create an account in a few clicks or log in to continue.

Dikhususkan kepada Individu yg ingin membeli and menjual emas. Sembang2 pasal emas pun bole

Log in

I forgot my password

Gold Price

public gold

Public Dinar Daily Price

Bookmark

Latest topics

» Harga Diskaun - tanya sikit?
Vietnam to put an end to gold trading (source:FT.com) EmptyWed Jan 12, 2011 12:27 am by azlismartpro

» Hotel ATM Dispenses Gold Bars, Gold Coins
Vietnam to put an end to gold trading (source:FT.com) EmptyThu May 13, 2010 6:47 am by Admin

» DINAR SIRIH EMAS
Vietnam to put an end to gold trading (source:FT.com) EmptySun Apr 18, 2010 6:48 pm by alfianhashim

» Robert Kiyosaki and Michael Maloney Explain Gold & Silver
Vietnam to put an end to gold trading (source:FT.com) EmptyThu Mar 04, 2010 7:00 am by Admin

» Dinar Muslim dan Gold Bars Emirates
Vietnam to put an end to gold trading (source:FT.com) EmptyTue Jan 12, 2010 4:39 pm by mfmn

» World Official Gold Holdings
Vietnam to put an end to gold trading (source:FT.com) EmptyTue Jan 12, 2010 4:25 pm by mfmn

» MEMBELI SEMUA JENIS EMAS
Vietnam to put an end to gold trading (source:FT.com) EmptySun Jan 10, 2010 10:56 pm by Samurai

» Master Dealer Public Gold
Vietnam to put an end to gold trading (source:FT.com) EmptySat Jan 09, 2010 7:41 pm by putremas

» WTS - PUBLIC DINAR
Vietnam to put an end to gold trading (source:FT.com) EmptyWed Jan 06, 2010 6:50 am by Admin

» Nak 1/4 Dinar Kelantan
Vietnam to put an end to gold trading (source:FT.com) EmptyWed Jan 06, 2010 3:40 am by nizman67

» Cadangan thread
Vietnam to put an end to gold trading (source:FT.com) EmptyTue Jan 05, 2010 8:19 am by KLemas

» Orang Makan Gaji Macamana Nak Deal Dengan Pajak Gadai Yer...?
Vietnam to put an end to gold trading (source:FT.com) EmptyMon Jan 04, 2010 4:56 pm by alfianhashim

» Emas terpakai 916
Vietnam to put an end to gold trading (source:FT.com) EmptySat Jan 02, 2010 7:48 am by ebizz

» Vietnam to put an end to gold trading (source:FT.com)
Vietnam to put an end to gold trading (source:FT.com) EmptyFri Jan 01, 2010 10:57 pm by nizman67

» Barang Kemas
Vietnam to put an end to gold trading (source:FT.com) EmptyFri Jan 01, 2010 5:40 am by Admin

Backlink

Who is online?

In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest

None


[ View the whole list ]


Most users ever online was 39 on Mon Feb 22, 2010 9:55 am


2 posters

    Vietnam to put an end to gold trading (source:FT.com)

    avatar
    Admin
    Admin


    Posts : 10
    Join date : 2009-12-31

    Vietnam to put an end to gold trading (source:FT.com) Empty Vietnam to put an end to gold trading (source:FT.com)

    Post  Admin Fri Jan 01, 2010 10:14 pm

    By Tim Johnston in Bangkok
    Published: January 1 2010 13:09 | Last updated: January 1 2010 13:09
    Vietnam has ordered all gold trading floors to close by the end of March, putting an end to a business which turns over $1bn a day but which the government feared was spinning out of control.

    “Both the owners of the gold-trading floors and traders are doing their transactions on a fragile foundation that lacks legal, economic and technical frameworks and knowledge,” the government said in a statement.

    The order also bans using overseas accounts, but does not affect jewellery or retail gold sales.

    The government said it was particularly concerned that some investors had been drawn into overleveraging their positions by low interest rates and the ever-increasing price of gold , which has risen from $660/oz when the first trading floor was started in 2007 to almost $1,100/oz today.

    The government said that in some cases, investors had only been required to put up 7 per cent of the value of their portfolio.

    The regulation will affect around 20 gold trading floors, but it is unclear if the government is intending to re-write the regulations and allow the floors to re-open or if the move is long-term.

    The trade has become a lucrative source of income for many of the banks and trading houses which have opened the exchanges, and the ban could hit profits. But analysts say it could free up liquidity that might flow back into the stock markets, lifting the index.

    Gold has a special place in Vietnamese investment portfolios. It often plays a key role in hedging property transactions, and historically provided a buffer against political uncertainty.

    Today, Vietnam is one of the world’s largest gold consumers. The Vietnamese buy a similar amount of gold per head as the Germans, who have a GDP per capita more than 40 times greater.

    But the appetite for gold has put significant pressure on the dong and was a key factor in forcing the government to devalue the currency by more than 5 per cent at the end of November. But the currency is still trading below the government’s approved trading band on the black market

    In May 2008, the government tried to take some of the pressure off the currency by banning gold imports, but it was forced to relax the ban when Vietnamese prices hit a premium of $150/oz to the London Gold fix.

    Gold imports were a substantial contributor to a ballooning trade deficit, which hit some $12.2bn in 2009, contributing to fears of re-emerging inflation.
    avatar
    nizman67


    Posts : 3
    Join date : 2010-01-01

    Vietnam to put an end to gold trading (source:FT.com) Empty Vietnam...

    Post  nizman67 Fri Jan 01, 2010 10:57 pm

    Kalau mcm nih...! ada kemungkinan harga emas akan naik plak ler... What a Face
    Atau pun....akan makin turun....
    X paham ler...

      Current date/time is Thu Mar 28, 2024 2:53 am