Saturday, November 3, 2012

God Willing and Chinese Gold - a little Malay habit and investing in gold to hedge against inflation

Malay Boy
I have a plan to write this,
But God knows if I will finish this,
I have a plan to return to the office,
But God knows if I will get back,
I plan to have a nap now,
But God knows if I ever will,
Each breath I take,
Each glance I give,
Each smile that is drawn,
Each whimsical thought
That crosses the plain of my mind,
Albeit even for the briefest moment,
Is just my plan, and nothing more

Not when everything that happens,
And everything that does not happen,
Happens or doesn't happen
As God's Wills it.

InsyaAllah (Godwilling) is a commonly used phrase by the Malays. We use it sincerely and also less sincerely when the occasion requires. Like when an excitable friend wants you to join their multi-level marketing scheme. So you will hear politely and reply, "Of course, I will come over to your weekly meeting this Saturday, Godwilling!" He he he. You see, us Malays sometimes find it very hard to say no. 

And unfortunately, our mind is not quick enough to scramble around for an excuse to avoid the dreaded appointment. So we say, InsyaAllah! What the excitable friend doesn't hear is our secret prayer to God - "InsyaAllah, over my dead body...".

Golden Ponzi Schemes. I guess there is a purpose in an economy for genuine multi-level marketing schemes. But there are also other less-than-kosher 'business' such as the Ponzi schemes. Presently the flavour going around locally is based upon gold investments. Investing in gold is perfectly fine (indeed I would encourage it as a hedge against the volatility and inflationary nature of fiat paper money), but if you do not get your gold almost immediately, then something smells fishy. Personally I do not encourage the purchase of gold certificates which entitles you to a certain weight of gold. If you want to buy gold, then get physical possession of it. 

Where is the Chinese Gold? An interesting story is making its round among the goldbugs in the social media and newsites. Although China (as in the People's Republic) is one of the largest producer of gold, gold officials of the HSBC (the Hong Kong and Shanghai Banking Corporation) as one of the global conduits of the gold trade have not seen a single gold bullion marking it as originating from China. Conclusion - the Chinese are keeping their gold to themselves as a hedge against the possible collapse of the trillion dollars of U.S. government bonds that the Chinese have purchased.

The Chinese have a long memory, you know.

Something to think about this Sabbath, sunshine. God bless you always. 

wa min Allah at-taufiq

Hate has no place in Islam
Love will show the Way 

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