"Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety."-- Benjamin Franklin.

Friday, January 25, 2013

Why It Makes Sense To Buy Gold

Why It Makes Sense To Buy Gold
by Ritesh Jain
Gold is the most under-invested asset but it still makes sense to buy it
“The desire for gold is not for gold. It is for the means of freedom and benefit.” These words by Ralph Waldo Emerson sum up the reason why the yellow metal continues to hold favour among investors across the globe. While retail investors seek freedom from inflation, large buyers (read Central banks, hedge funds) seek freedom from currency devaluation. In this era of Quantitative Easing (QE) and artificial monetary support, markets are rewarding gold for its sheer quality of maintaining purchasing power. If one cuts off the incessant money printing across the globe, gold would be reduced to a worthless asset in the end. To put it simply, it is not the value of gold that is going up, but the value of currencies that is coming down.

Tuesday, January 15, 2013

Lawyers ordered to dig into S'pore history: Hougang by-election case

Lawyers ordered to dig into S'pore history: Hougang by-election case
Straits Times; 15 Jan 2013; Goh Chin Lian
Legislation in 1963 may shed more light on by-elections: Court of Appeal
THE Hougang by-election case is now before the Court of Appeal, which yesterday ordered lawyers on both sides to dig into Singapore's legislative history in 1963 to shed more light on the law and the calling of by-elections.

Friday, January 11, 2013

Singapore Government, Money printing, 1989-2011.

Please lah, the CPI stats is produced by the very ppl who cause inflation. You must be damn naive to believe the inflation figures.

Its a open secret that CPI is many times lower than real inflation. You want real inflation figures, go MAS website, see M1 money supply since 2000. In last 12 years, SGD has lost 75% of value.

Monday, January 7, 2013

Taxman claws back $3.2m from doctors after checks

 Taxman claws back $3.2m from doctors after checks
Straits Times: 06 Jan 2013: Theresa Tan
Audits show that most doctors made errors in tax claims, and some meant to cheat
A doctor under-declared his income by $1.6 million over a six- year period and claimed that various family members were highly paid staff at his clinic.