23Oct Why gold is falling and when it’s expected to climb again
Gold was thought to be a perfect hedge against the stock market because it moves in opposite directions. Since the market came crashing down with the downfall of investment banks, this theory held true and the price of gold shot up almost immediately as Dow Jones slipped. However, we now see both the stock market [...]
22Sep Should the Ringgit be pegged again?
With uncertainties looming in the world financial market and the recent developments in US, Malaysia is once again been urged to consider re-pegging the Ringgit in the hope of stabilising the economy in the wake of falling US dollar against other currencies. Back in 1997/1998, the Ringgit was pegged to the US dollar at RM3.80. Since the [...]
09Sep Why the sudden demand for British pounds?
Lately there has been a surge of demand for the British sterling pounds. Just go around to money changers and banks and you will find that you are unable to get much of the currency. Apparently this has been going on in the last couple of weeks.
It can’t be that there’re lots of holiday-makers heading [...]
19Aug I paid the price to learn about foreign currency FD
Some six months ago I invested in a foreign currency fixed deposit account with a local bank. The interests offered were attractive and after thinking long and hard about it, I decided to go for it.
I chose to invest in it on a month by month renewal contract rather than a fixed term of a [...]
