Gold: A human Obsession

Since the dawn of civilization human is already enchanted with this sparkling yellow metal named GOLD. This precious metal became a human obsession since its economical value is only comparable with the quest and efforts to find it. Human willing to explore the new world and done thousands miles of journey to the new world and to the unknown wilderness to get it. GOLD also created conflicts of interest between human which led to the war, human exploitation and nature devastation.


GOLD is the reason why western civilization make a journey to the new world. Their spirit of adventure and conquest is based on three elements: GOLD, GLORY, and GOSPEL. Nor Glory or gospel came first bur GOLD. Glory and Gospel is the secondary goal, the primary is to get as much gold as they can. GOLD also as tools to attract the immigrants to go to the new place to get a better life. Even though the situation is completely different in the new place, exploitation, torture, misery, or death is haunting them. We know how some Americans make a propaganda to the Chinese in 19th century to "invite" them to come to the wonderland called America, where every inch of soil you step on is containing GOLD. But after they arrive in America they're worked as hard labor for rail track laying, mining, and others muscle work.

GOLD also created mystery and legend. This legend and mystery also make some curious men that most of them motivated not to get knowledge nor adventure but GOLD's economics value. We learn how Spanish conquistador Hernán Cortés de Monroy y Pizarro or simply famous with Hernán Cortés overthrew the Aztec empire successfully and get his gold. Or the legend told by survivors of the failed Narváez expedition about Cibola - the seven city of GOLD - which led countless of waste-efforts expeditions to find it. The fascinated and eluded legend about "Lost City of Gold" or El Dorado that attracts the fortune hunter even until today since the days of the Spanish Conquistadors. Gold also force people known as the tomb raiders to disturb the dead by breach their sacred eternal resting place and loot the precious GOLD. This also done by the modern tomb raiders who called them selves archeologist. One of the famous modern mystery about gold perhaps about Fort Knox, how much gold saved there and why it is become "one of the safest place on earth".

The story of gold is never end, even in the new world order where people is more confident to keep and use paper with the number on it which called bank note or money, Gold will always become the human obsession even for centuries more.

Gold: The savior for workers and company

when I saw this morning news on local TV station, there's one news that disturbing my minds. The news is about demonstration. it seems only an ordinary demonstration because everyday people express their opinion about political issue, economic issue and another issues through this classic way. one that make me interested in this news because the demonstration was done by a factory labors to ask their company to rise their wages which is still in the same amount after 5 years. The company where they work states their objection to fulfill the labor's demand because the company financial condition is can not afford it. The result is labor strike. In this case both parties will gain loss.

The case will be different if the company pays its workers by gold or silver or at least by gold and silver standard. Gold as well as silver has been proven able to survive in any world's worst financial condition, depression, and inflation. If the company pays the labor with gold or silver, it no needs to check and adjust between the salary and the rate of inflation. So the rise of salary happened only if someone get higher position with higher responsibility.

The problem is to make this come true since the company also related with other business entities that not put their payment standard on Gold or silver or other goods with "real" value. If this solution is not implemented, tomorrow and in the future the demonstration on the same issue will be happened, again and again.

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Gold: Insurance for Financial Security

In June 2007, on my flight from Singapore to Frankfurt, I met this young lady that coincidently came from the same home town with me. I figure it out later that she works for new airlines dealing with flight insurance. Just a few months later in the early 2008 because of mismanagement and some accidents and incidents, the airlines is collapse and bankrupt. I never heard from her anymore where she works after the bankruptcy of the airlines.


Our life is full of risks, so many insurance companies offer their products to the consumers that want to protect their assets and them selves. The insurance may vary start from health insurance, car insurance up to live insurance - the last one you will never taste it because you must die first before  claim it.


Our finance is also one of the risky thing. I still remember when monetary crisis happen in 1997 my savings as the result of hard work for 8 hours a day 5 days a week in 8 years just vanish in one night. Well, I mean the money is still there but the value drop in unbelievable rate. Before, with my income,  I can take my family to eat in a nice restaurant every month, watch movie at least twice a month, buy beautiful clothes for my children and save the rest of my income to buy a car I dreamed of. But just in one night - yes, its true - everything never be the same. I must bury my dream quite deep since the price of car doubled just in a few weeks. Suddenly the income cannot cover the expense and all my hard work for 8 years became nothing.


At that time my wife's jewelry is the savior. We sell some of it and survive until everything back to normal. From the time being I realize that gold my insurance for my financial security, and as i write on my previous post that I put my money in the bank and the amount is just enough to live for two weeks. The rest of income i used it to buy gold. now, i can buy my dream car and the next is ...a bigger house.


From long time ago until today, at least for me from 1997, gold has been proven as good insurance for my financial security. It is time for you to prove it. 

Gold: A good choice?

When I told my friend that in my bank account my money is only enough to live for two weeks, he laugh and called me big fat liar. After I show him my account print out he surprised and ask me whether I was broke and need some loan from him. I explain to him that I take most of my money from the bank and I buy a few grams of gold. The argumentation then started because most of the time he put all of his income in the bank and so far he felt nothing goes wrong.  He got good interest, bonuses, etc, etc.. and his money amount is getting bigger each year. Yes, nothing to complaint about.


Well, not only my friend that will think exactly the same, perhaps you has similar opinion. My questions are how much interest you get from the bank? 5% - 6% per year?? How much they take for administration fee? tax? insurance? etc..etc.. The most important after all of that is how much is the country's inflation rate that year?


For example the 2008 inflation rate is around 11,06 % in my country, In 2005 the rate is even worse 17, 11% . In 2009 and 2010 the inflation is only around 2%  SOURCE. In overall,  how much is the total  inflation  in - let's say - 5 or 10 years???
All of us can see that it seems that our money in the bank is getting bigger but actually the value of our money is getting smaller and most of us we didn't aware of that.


Now let us see the table below, This table is the gold price in 2005 (table 1) and gold price in 2010 (table 2) provided by the trusted one kitco.com

Table 1. Gold Price 2005

Table 2. Gold price 2010

Source Kitco.com

Let us compare the average Gold Price on June, 2005 and June 2010. The data shows that on June 2010 the average gold price reach US$ 430,66 per ounce at the same month in 2010,  it reach US$ 1232,92 per ounce or increase around 287% in 5 years! 


So my final question is: can your bank give you 287% interest in 5 years? :)

Gold Price: Up and Down

When I read THIS NEWS today, and I heard that Hong Kong market close its transaction today with the gold price decreasing, It is not surprising to me. For Gold speculators that want to sell their gold perhaps this news is quite disturbing, but it is a good news for those who want to buy.


Gold price will continue up and down all year long. This is a normal things for a material that equalized with "the unstable currency". For non speculators or people who keep the gold for financial security an long time investment, off course this is a change to add their savings by buying more gold. As I told you again and again, usually (Yes, I said "usually" so it is not always happen) gold price will reach its lowest price around June to August and the highest around November - December. Again for short time gold investors - I prefer to say gold speculators - buy the gold around the time when the gold price is low and sell them when the price is high. But like a few weeks a go in June, the gold price reach one of its highest price, In the beginning I said "usually" because anomaly like this happen in often.


My suggestion is don't buy gold for short time investment. If the price is high buy gold, if the price is low buy more gold. Sell your gold only when you needed the most. In my experience I can feel good "revenue" of gold after 2 or 3 years after I buy it. The longer you keep it, the higher you'll get.

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Gold: Stronger Than Yesterday

The title of this post is absolutely different with what I'll say. First, If you see the image at the bottom of the page, you'll see that everyday the gold price is getting higher and higher. You can compare it with the image on the right side of the page (24 hrs and 8hrs gold price), what you can get? Yes in short terms the gold price is up and down depend on several factors caused by markets activities, but in long terms the trend is climbing every year.


As I told you before again and again, actually the value of gold is almost flat, the problem is on the value of your money of which the gold value is compared. Inflation is one factor of money value to decrease. 100 years ago you cannot imagine what you can buy if you have US$ 1000 in your hand, today of course you cannot buy as much as 100 years ago with that amount of money. But 100 years ago or even 1000 years ago if you buy a good cattle for 10 grams of pure gold even today you can buy the same amount of cattle with approximately the same price of that gold.

Figure. 1

Look at figure 1. let's say that blue line represents the value of gold and red line is the value of money. Remember value not price. That sample shows that actually the gold value is "almost" the same, but your money value is decrease because of inflation.

Figure 2

Look at figure 2 (Blue-money, red-Gold) since we always compare the gold value with money value (which has unique denomination, $1, $5 and soon) that we always think that money will always has the same value as the nomination written on the paper. The gold values seems always climbing and climbing. The point is if you have $10 today and you keep it, 10 years after now it's value is not $10 anymore even the number on it is the same, but if you have 10 grams of gold today and you keep it, 10 years from now it is still 10 grams of gold. So, Gold is not stronger than yesterday, it is same as yesterday but your money that weaker than yesterday and make gold seems stronger and it will always like that. Still interested to keep your money as financial security? Think again.

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Your choice: Gold Or Money ??

Once upon a time, man fulfill their needs taking directly from the nature. When the life is more complex and they start to find and made contact another societies which have new goods and commodities, the trade is created.


At first they trading by exchanging goods with other goods. For example meat with fish. Weapons with clothes, etc. Soon they realize that this is not practical. So, they create the tools of trade known as MONEY.


At the beginning money made of material that has been agreed that can be exchange with the goods they needs. The materials like shell or even carved stone become the money. Then they realize that those materials are not worthed and easy to be counterfeited. They try to find new materials that its value is equal with the goods they trade and anti counterfeit. Their choice is precious metal gold and silver.


The sparkling yellow gold that easy to form in to shapes and bright white silver enchanted their eyes. For centuries it's became the tools of trade, Investment, and financial security.


Bringing such of heavy metals in the trading journey is not only troublesome but also risky. They start to create a system where they can give their gold at a place and get a letter so he can take their gold at other appointed place. And the bank is created. In the further development The traders can give it to someone as a proof that he has the amount of gold in a certain bank and that person also can use it in trading without any needs to changes it into gold. That's where the time paper money is created and why it is also called the bank note.


Our paper money is the same letter that bank and everyone agreed can be used as the tools of trade. Thats's fine.  But as the tools of investment or financial security? Well let us figure it out.


When you sell a bar gold for $50, for example, you only receive a paper with $50 on it. The value of the paper itself perhaps only $00,5. Try to keep it for 2 years and buy the same amount of gold. Is it still in the same price? or may be not!  Actually the gold value is the same but the value of your money is declining, So you will feel that gold price is getting higher and higher every year.


Remember when your grandpa said that he can buy a huge house for $5000 in 1950's and right now even you cannot afford a small flat for the same amount of money? Yes, It's because the value of money is decline or what the guys in Wall Street call it "the inflation". But imagine if that time your grandpa buy that house with let's say as the same value of 300 grams of pure gold and today or tomorrow you have the same amount of Gold at the same content of course. You can buy the same house for sure.


So, Now it's your choice: Gold Or Money?

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