Posted by Jeflin on March 14, 2009
GIC’s director of economics and strategy, Yeoh Lam Keong, made an interesting statement on Tuesday that there will be further weakness in financial markets. He advises investors to go for gold, hold government bonds and currencies such as the yen, yuan and Canadian dollar. The US dollar is to be avoided “like the plague” as the United States monetise their debt by printing money.
That is all rather belated and even, ironical, considering GIC’s multi-billion dollar stakes in Citigroup and UBS. Nevertheless, it serves no purpose crying over spilt milk. As a matter of fact, I don’t believe any investors have been immune in this period of wealth destruction. The world’s richest are collectively poorer, with $2 trillion of wealth vaporized. Warren Buffett sufffered his worst year ever, losing $25 billion, but is still the second richest man.
Read the full article here.
Posted in Uncategorized | Tagged: GIC, gold, investment, investors, safe haven, Stocks, wealth | Leave a Comment »
Posted by Jeflin on February 21, 2009
Global stock markets have been whitewashed over the past month, Dow Jones fell to its lowest level in 6 years this week, and gold has charged to a record high $1,007 as investors seek to preserve capital.
Granted that Obama’s administration has been hard at work – a $787 billion economic stimulus was signed into law Tuesday and a $75 billion foreclosure prevention plan was unveiled to aid distressed homeowners and revive the housing market. However, there is little confidence that these measures will be effective.
Read the full article here.
Posted in Stocks, gold | Tagged: cash, clear debts, credit cards, gold, gold bug, investment, Stocks | Leave a Comment »
Posted by Jeflin on January 1, 2009
I wish all readers of Jeflin’s Investment Blog a Happy New Year in 2009.
The past year has been sobering for taxpayers, retail investors and fund managers, what with severe declines in housing, mortgages, banking, stock markets, commodities, retail, automotive, shipping industry, etc. The extreme volatility in 2008 may be over but more of the same challenges await us.
Personally, I have made a new year’s resolution to be a more careful reader of financial reports, and by that, I mean reading with an inquisitive mind. Of course, if a management wants to get creative with their financial statements and the auditors are in a collusive mood (remember, the person who pays the piper calls the tune), our money is fair game for the predators.
Read the full article here.
Posted in Banking, Business, Economy, Properties, Stocks, bonds, deflation | Tagged: banks, Business, deflation, Economy, gold, Oil, Stocks | Leave a Comment »
Posted by Jeflin on July 6, 2008
With inflation spiraling out of control, purchasing gold for your portfolio sounds like a no-brainer but sometimes when investments become too simple, a lot of people hesitate to act.
Major indexes experienced double-digit declines and investors took flight, this is the story of US stock market in the first half of 2008.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Inflation, Oil | Tagged: bear market, Dow Jones, gold, Inflation, investments, investors, Oil, portfolio | 4 Comments »
