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Currency

US dollar and British pounds are doomed

January 20, 2009

Well this isn’t my theory, of course. Legendary investor Jim Rogers thinks that the US dollar is heading towards doomsday. And so is the British pound. In fact, he thinks the pound is headed towards more doom than the US dollar. On the contrary, I’ve read recently that since the pounds has come down in [...]

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Would you quit your job as a way to boycott the US?

January 12, 2009

In the recent Gaza attacks, there have been calls to boycott buying US products and the US currency. We have always been exposed to all kinds of boycotts here so I wasn’t surprised by these calls. But what I found to be totally inappropriate were urges to those who work for American companies to quit [...]

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Why gold is falling and when it’s expected to climb again

October 23, 2008

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 [...]

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Should the Ringgit be pegged again?

September 22, 2008

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 [...]

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