Archive for the ‘MoneyTok’ Category

Bitcoin

Posted: 29 June 2011 by mohamednazmi in GeekTok, MoneyTok
Tags: ,

Bitcoin is a relatively new digital currency that’s set to replace the way we do trading online. Bitcoin does not have a central authority to issue money, and instead relies “mining” and trade on P2P technology (think BitTorrent) for transactions.

(more…)

salted gold bars

Posted: 16 May 2011 by reanxyz in MoneyTok, SilverTok, Uncategorized

When metal bar is salted.. it means that something else added to it…

So if Gold bar is salted… they actually refer to the ponzi scheme –> Gold-plated tungsten!

One article in Reader digest Nov 13, 2009 reported that large amount of GOLD bar circulated around globally were salted.. LINK TO Forum

Quote:

The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].

Quote:

Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.

The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly “sold” into the international market.

Apparently, the global market is literally “stuffed full of 400 oz salted bars”.

Quote:

Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss.

Silver 2011 and beyond

Posted: 15 May 2011 by reanxyz in SilverTok

Link

Summary of the video

in 1950 there were ratio of 1:15 gold to silver ratio available above ground. Due to industrial uses of silver in numerous applications: electronics devices, weaponry, medicines, water and wood treatment, blah. Silver had now depleted (from 10 billions oz in 1950) to 500-700 millions oz (2010 estimate) in the whole world .

Versus gold (2010 estimate)  –>7 billions Oz.

yet 1 oz Silver priced at Us$35 even when Silver is now more rare than GOLD. This means hat Silver is now highly undervalued.

Based on the simple economic law of supply and demand–>Silver value one day will exceed GOLD.

Latest update on the price

Posted: 03 May 2011 by reanxyz in MoneyTok

Bicb from borneo bulletin

unit price USD, 27/4/11
Eu 2.5125
Us 2.4562
Asia 1.0983
Global 2.5414
Hc 1.2518
SC 1.8743

smart marketing

Posted: 28 January 2011 by reanxyz in MoneyTok

Your Mom Hates Dead Space 2 Reaction

marketing through viral videos..

Smart $

Posted: 28 November 2010 by reanxyz in MoneyTok

Another boardgame (most likely you heard of it) similar to Rich Dad Cashflow 101

photo

So i m thinking maybe can invest some $$ to buy this game.

Maybe we can meet up once/twice a mth either friday or sunday to boost our financial IQ

So what you guys think?

How many votes?

Just any ideas. We can do rotation. Today in this person house. next week another person house.. blah blah.

It’s a family game. can bring your wife/spouse/Gf/Fiancee/Friends/siblings/grandparents/parents/children/blah :p