The price of bitcoin surged as much as 12% on Thursday, to a record high of $40,394.87. That helped push the overall value of the cryptocurrency market topped above $1 trillion for the first time ever. Rival token Ethereum hit its highest in two years, above $1,200, while smaller altcoins including XRP also shot up.
Biden inauguration: Former FBI boss James Comey warns of serious threat from 'armed, disturbed people' Mr Comey tells Sky News the threat must be taken "very seriously" and he was "sickened" by the US Capitol riots.
Joe Biden blasts China’s ‘attempts to intimidate’ India in stark warning to Beijing
JOE BIDEN'S administration has weighed in on tensions between India and China over border disputes, blasting Beijing for attempting to "intimidate" its neighbours. By DYLAN DONNELLY Feb 4, 2021 UPDATED: 08:42
KUALA LUMPUR: Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4.
HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure towards short-term measures, but a large package of fresh spending is unlikely.
Better buy some Gold to hedge against World Inflation coming after Israel Palestine war started. More Wars are coming. After all these Wars are cover, USD will become useless if USA loses all. Already today, USA cannot live in peace during peaceful time now. People are living in the streets and USA owing 34 Trillions USD already during peaceful period. What else during War Time. USA debts can easily reach 50 Trillions by 2030. By that time, USD falls and maybe it needs USD 10,000.00 to buy an ounce of Gold by the time USA lost the war compared to now current price of USD1,869.64 today at 5pm.
My observation about this counter : GOLDETF (0828EA)
Total NOSH according to their 2022 Annual Report was 22,279,600 units But i3 Investor here stated 20,000,000 shares. Reported in Bursa KLSE is 19.30 Million NOSH.
So which one is correct? I understand that unit holders can redeem this units ( current rule is if more than 500,000 units owning ) to physical gold to be delivered to the unit owners if requested. If not, those gold bars will be placed into the Bank Vault as GoldETF current commodities in their Stock.
According to the 2022 Annual Report, there is a Total of 7,008 oz of Gold Bars in the Bank Vault. 7008 oz X USD1,869.64 current market price = USD13.102437 Millions equals to MYR 61.876 Millions. If MYR 61.876 Millions divided by 22,279,600 Units = NAV of RM2.778 which represents today's value traded.
I believe that the 2022 Audit Report one of 22.279600 million NOSH is correct. i3 Investor and Bursa KLSE are not updated. If follow i3 Investor one, the NAV should be RM3.093 wheareas if follow the Bursa KLSE one, the NAV is even higher RM3.206 per Unit.
THIS GOLDETF COUNTER IS BACKED BY GOLD PRICES IN THE MARKET AS WELL HOLDING 7,008 OUNCES OF PURE GOLD (EQUAVILENT TO 198.67 KG) IN THE SINGAPORE STANDARD CHARTERED BANK VAULT.
GOLDETF : UNITS AVAILABLE = NOSH IN THE MARKET CAN GO UP AND DOWN BASED ON NEW CREATION BY APPLICATION MINUS THOSE REDEEMED BY THE UNIT HOLDERS IF REQUESTED. TODAY'S GOLD PRICE AS AT 5PM ON 12/10/2023 IS USD 1,880.13 VS RM8,867.70 AN OUNCE. STOCK IN HAND 7,008 OZ X 8867.70 = RM62,144,841 DIVIDED BY TOTAL NOSH OF 22, 279,600 UNITS = RM2.79 NAV TODAY CLOSING.
GOLDETF : NOSH 22,279,600 UNITS AVAILABLE. GOLD PRICE TODAY 13/10/2023 AT 5PM IS USD1,882.85 OR RM8,904.83 AN OUNCE. MULTIPLY BY TOTAL STOCK IN HAND 7,008 OZ. = RM62,405,048-00 WORTH. THEREFORE NAV PER UNIT = RM2.801 CLOSING.
GOLDETF : NOSH 22,279,600 UNITS AVAILABLE. GOLD PRICE TODAY 16/10/2023 CLOSE AT USD 1,919.53 OR RM 9,081.54 AN OUNCE. MULTIPLY BY TOTAL STOCK IN HAND 7,008 OZ. = RM63,643,432.32 WORTH. THEREFORE NAV PER UNIT = RM2.85.
TODAY 17-10-2023 GOLDETF : NOSH 22,279,600 UNITS AVAILABLE. GOLD PRICE TODAY CLOSE AT USD 1,924.59 OR RM 9,114.12 AN OUNCE. MULTIPLY BY TOTAL STOCK IN HAND 7,008 OZ. = RM63,872,103.36 WORTH. THEREFORE NAV PER UNIT = RM2.8668 TODAY FOR GOLDETF.
Details of the NAV of the Fund and the NAV per Unit of each Dealing Day will be made available on each Dealing Day, while the IOPV per Unit will be made available on each Business Day. This information can be obtained from the Fund’s website at www.tradeplus.com.my or Bursa Securities’ website at www.bursamalaysia.com
TODAY 18-10-2023 WED USD PRICE 1939.49 RM PRICE 9198.44 x LATEST UPDATED REPORT ACCORDING TO WEBSITE 6,385 OZ IN STOCK = 58,732,039.40 WORTH DIVIDED BY NOSH UPDATED ON WEBSITE 20,296,600 = NAV RM2.8936
Stock can go up and down if there is new application for Gold Buying from Outside less the application of physical gold delivery by the Inside Unit Holders if holding more than 500,000 units or 5 Kg of Gold.
TODAY 20-10-2023 FRI USD PRICE 1983.63 RM PRICE 9455.99 x LATEST 6,385 OZ IN STOCK = 60,376,560-00 WORTH DIVIDED BY NOSH 20,296,600 = NAV RM2.975 GOLDETF MARKET CLOSE = RM2.95
SAFE HAVEN STOCK TO BUY IF RINGGIT KEEPS FALLING AGST USD DURING INFLATION TIME DUE TO RISING US BONDS RATE. - SELL YOUR RINGGIT TO HOLD GOLD. SAFE HAVEN ALSO IF USD GREENBACK FALLS EVENTUALLY DUE TO WORLDWIDE DE-DOLLARISATION EFFECT IN THE FUTURE. - SELL YOUR USD TO HOLD GOLD ALSO IN THE EVENT USA DOLLARS FALL. (EVENTUALLY).
POLITICAL UNCERTAINTIES EVERY WHERE NOW. PEOPLE BUY GOLD ARE ACTUALLY PROTECTING THEMSELVES FROM FALLING CURRENCIES, INCREASING INFLATION, RECESSION AND WARS.
TODAY 23-10-2023 MON USD PRICE 1978.33 RM PRICE 9482.11 x LATEST 6,385 OZ IN STOCK = 60,543,272-35 WORTH DIVIDED BY NOSH 20,296,600 = NAV RM2.983 GOLDETF MARKET CLOSE = RM2.96
TODAY 24-10-2023 TUE USD PRICE 1972.00 RM PRICE 9435.60 x LATEST 6,385 OZ IN STOCK = 60,246,306-00 WORTH DIVIDED BY NOSH 20,296,600 = NAV RM2.9683 GOLDETF MARKET CLOSE = RM2.97
Details of the NAV of the Fund and the NAV per Unit of each Dealing Day will be made available on each Dealing Day, while the IOPV per Unit will be made available on each Business Day. This information can be obtained from the Fund’s website at www.tradeplus.com.my
The TradePlus Shariah Gold Tracker ("Fund") provide investors a Shariah-compliant avenue to invest in physical gold without the hassle of storing or insuring gold bullion. The Fund closely tracks the returns of gold through an Exchange-traded Fund structure; where units are tradeable on Bursa Malaysia Securities.
A minimum 95% of the Fund’s assets are held in physical gold; purchased only from gold refiners accredited by the London Bullion Market Association (“LBMA”). These gold bars are held in a segregated and allocated manner, safe-kept in a secured vault in Singapore.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
masterus
3,605 posts
Posted by masterus > 2021-01-08 07:38 | Report Abuse
The price of bitcoin surged as much as 12% on Thursday, to a record high of $40,394.87.
That helped push the overall value of the cryptocurrency market topped above $1 trillion for the first time ever.
Rival token Ethereum hit its highest in two years, above $1,200, while smaller altcoins including XRP also shot up.