This week GM’s Chinese operators there announced a 300% profit. Such growth in the car market evidences the growth in disposable income. Within a decade we expect 2/3rd of China to be living in cities and earning far more than they are today. Their savings will go into the main banks and attracted to the products available for investment. To date investment choices have been extremely limited with straightforward savings leading the way. Carefully tailored gold products may well be attractive to such people.
New gold products will have to be tailored to the banking/savings environment and for home consumption. The branches of this bank reach into the far corners of China and will bring an existing distribution system to the world of gold, there.
This project has the potential to ‘mature’ the gold world in China and help to raise the per capita gold holding from the lowest in Asia [at 0.26 grams per capita] to close to the norm in places like Hong Kong. This will involve at least a potential growth of up to 10+ times the present holding. Success will take the Chinese gold market on a rising slope from the current 347 tonnes annual demand to the world’s main gold market, overtaking India [peak – 850 tonnes] in the medium term [we think less than 5 years – it took the gold Exchange Traded Funds three years to build to 1,300 tonnes].
In China there are already Yuan, US. $, Yen, AU $, HK $, € deposit accounts so a ‘gold’ account at the local branch is a small extension for the saver there [thanks Professor!] in your regular local bank savings account. We could see Chinese gold Exchange Traded Funds too, but the average saver in China is not a financial product/stock exchange knowledgeable individual, so simply understood products will lead the way.
Expect products that are bank controlled, lower purchasing costs, held in the bank for the investor. The main client base will likely be an existing I.C.B.C. client. Gold demand will, therefore, grow in line with the growth of these towns and cities and the Chinese Middle classes. Just extending current growth levels into the future tells us such gold account growth will be dynamic and rapid.
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Friday, April 16, 2010
Gold - New Chinese Products to make it the leading world gold market?
We have long maintained that China’s gold market needs to be developed across the country and not just in the main centers. The elimination of the premium on the gold price ‘in the sticks’ compared to the main centers will evidence that their gold market is maturing. A simple press statement last week from the World Gold Council hides what we expect will bring about countrywide interest in gold right down to the middle-class rural centers.
“The World Gold Council and the I.C.B.C. will explore and jointly develop new gold investment products tailored to the Chinese market, and conduct surveys and studies on the domestic retail gold investment market, facilitating financial innovation and product diversity. In addition, W.G.C. & I.C.B.C. Precious Metals Business Department(s) will set up an I.C.B.C. /W.G.C. Gold Business Strategy Board to discuss and plan strategies for their cooperation, as well as an Action Team to oversee the implementation of the decisions and initiatives adopted by the Strategic Group”,
They remain tight-lipped about what these products will be nor do they give out any information on potential products. At the moment the W.G.C. are saying that the partnership came about as a ‘meeting of minds’ between the W.G.C. and the I.C.B.C. and a "shared vision". The products are under development right now.
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“The World Gold Council and the I.C.B.C. will explore and jointly develop new gold investment products tailored to the Chinese market, and conduct surveys and studies on the domestic retail gold investment market, facilitating financial innovation and product diversity. In addition, W.G.C. & I.C.B.C. Precious Metals Business Department(s) will set up an I.C.B.C. /W.G.C. Gold Business Strategy Board to discuss and plan strategies for their cooperation, as well as an Action Team to oversee the implementation of the decisions and initiatives adopted by the Strategic Group”,
They remain tight-lipped about what these products will be nor do they give out any information on potential products. At the moment the W.G.C. are saying that the partnership came about as a ‘meeting of minds’ between the W.G.C. and the I.C.B.C. and a "shared vision". The products are under development right now.
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How to manage long term forex positions
When we discuss somethings about long-term forex trading,we often get asked by forex traders like titled question.The trader was in a long-term trade, was in profit, and then let the trade turn against him and take him out at a loss. You need to have a trading plan, follow your methodology and, most importantly, protect your profits. However, the term “profit” varies from trader to trader. When most traders are in long-term trades, a mistake is often made by letting their losers run too far and cutting their profits too short.A currency pair we are currently watching (and in a long-term trade) is the AUD/USD. Although this pair may not overwhelmingly be the crowd favorite, the AUD/USD pair is a currency pair worth watching, researching and, if done correctly, trading.We have 17 technical parameters we look at and analyze when trading currencies. While we cannot go into our complete methodology in this article, we will go over some basic technical analysis to help determine potential entry, target areas and stop-loss prices.
After initial research, we determine the overall trend appears to remain bullish. Because this is long-term trading, we turn to Elliott wave analysis to help us determine where we are in relationship to the currency pair.
Developed by Ralph Nelson Elliott in the 1930s, the Elliott wave theory takes into account what we refer to as the “herd mentality” – movement revealing mass psychology swings from bullish to bearish and back again, which translates into specific wave patterns in price movements. Without diving too far into it, Elliott wave theory basically states the financial markets move and unfold in specific patterns.
Utilizing Elliott wave theory and formulas derived from Elliott wave principles, we can review the last upward swing on the hourly chart, starting from early February 2010 and calculate potential target and stop-loss prices.
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After initial research, we determine the overall trend appears to remain bullish. Because this is long-term trading, we turn to Elliott wave analysis to help us determine where we are in relationship to the currency pair.
Developed by Ralph Nelson Elliott in the 1930s, the Elliott wave theory takes into account what we refer to as the “herd mentality” – movement revealing mass psychology swings from bullish to bearish and back again, which translates into specific wave patterns in price movements. Without diving too far into it, Elliott wave theory basically states the financial markets move and unfold in specific patterns.
Utilizing Elliott wave theory and formulas derived from Elliott wave principles, we can review the last upward swing on the hourly chart, starting from early February 2010 and calculate potential target and stop-loss prices.
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Friday, April 9, 2010
Tips and Resources for Forex Trading Success
The first one that would pop on top of anyone's head is the impressive amount of liquidity volume. An awe-inspiring sum of about 2 trillion dollars is being speculated everyday. That's a lot of money that changes hands and it, in turn, generates more money, similar to a snowball effect. The market is therefore very stable and it allows the traders to get the money in and out without any problems at all.
Then, there is the time table which is very convenient. The company offers an around the clock and very dynamic market. The trading begins on Sunday at 3 o'clock PM EST when New Zealand begins operating. It lasts until Friday 5 PM when EST when San Francisco closes operations. You can practically work in any time zone you desire.
It also has the advantage of a low initial investment. This is another appealing factor to people who consider starting trading. You will actually need a far smaller amount of money to get you on your way than in any other existing market. As little as 300$ can get you started. This basically means an absolutely minimum investment risk.
Then, you can trade from anywhere in the world and this is another important advantage. Worldwide trading allows you to make your trading offers from anywhere in the world, and all you need is a computer with and an internet connection. Your trusty laptop is all you need even if you plan your dream vacation but you still want to be able to do some trading in between two cocktails.
The market's specialization results in the majority of transactions being made in the most important seven currencies. This means that you will get good at it much faster than usual, and you will manage to get the feel of it in no time.
These five important advantages are what determine most people to consider starting a trading business. The risks involved are also worthy of attention, because if you are not aware of them, it's better that you stay away. It's not easy, but once you become an expert, Forex trading can turn into an impressive money making machine.
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Then, there is the time table which is very convenient. The company offers an around the clock and very dynamic market. The trading begins on Sunday at 3 o'clock PM EST when New Zealand begins operating. It lasts until Friday 5 PM when EST when San Francisco closes operations. You can practically work in any time zone you desire.
It also has the advantage of a low initial investment. This is another appealing factor to people who consider starting trading. You will actually need a far smaller amount of money to get you on your way than in any other existing market. As little as 300$ can get you started. This basically means an absolutely minimum investment risk.
Then, you can trade from anywhere in the world and this is another important advantage. Worldwide trading allows you to make your trading offers from anywhere in the world, and all you need is a computer with and an internet connection. Your trusty laptop is all you need even if you plan your dream vacation but you still want to be able to do some trading in between two cocktails.
The market's specialization results in the majority of transactions being made in the most important seven currencies. This means that you will get good at it much faster than usual, and you will manage to get the feel of it in no time.
These five important advantages are what determine most people to consider starting a trading business. The risks involved are also worthy of attention, because if you are not aware of them, it's better that you stay away. It's not easy, but once you become an expert, Forex trading can turn into an impressive money making machine.
Brought to you by-aminul,sust.
A suggestion for beginners to the automated forex trading system
The forex market is, despite the popular impression, a composite of several contrasting markets, each of which sustains its own rules and regulations, with no one centered market in which all currency trading takes place. The major markets, the U.S., London, and Tokyo, open during different hours because of the different time zones. When the New York market opens, and while the European markets are still operating, is when trading is heaviest and nearly two thirds of the trading action happens during this convergence.
An individual exchange rate for a given currency does not subsist since there is no centred market. The bid and ask rates for a currency whilst normally reasonably close to each other, can, because of the over-the-counter (OTC) nature of the markets, deviate among dissimilar geographic markets and market makers.
Three letters express an international currency code for every currency and because the price of a currency must be applied in reference to another currency, it is displayed in the form XXX/YYY. The price of the British Pound in U.S. Dollars is recorded as GBP/USD, for instance. Acknowledged as the base currency, and the securest currency when the pair was made, is the first in the pair while the other currency is known as the counter currency. Presented in decimal form the real prices themselves are normally rounded to the nearest ten-thousandth of a unit.
Close to $2 trillion is exchanged each day in the forex market and it comprises the largest market in the world. With more than three quarters of deals surviving less than a week forex trading is, for the most part, a high-risk, short-term market. It is a highly fluid market, a good deal more so than equities, with the many traders worldwide and the very high daily turnover rate. The top ten most active traders, however, are responsible for nearly three quarters of total dealing volume. The trading activity that happens within the interbank market, which is formed by international banks, provide the market with bid and ask prices that are far closer than retail customers can get.
In 1972, at the Chicago Mercantile Exchange, forex futures contracts, that are derivatives, were introduced and now make up around seven percent of the all foreign exchange volume. Something else that has also taken hold and is another popular hedging strategy is foreign exchange options. Investors often buy these derivatives, which are contracts to purchase currency at a certain price on a future date, to counterbalance the decline in the price of a currency and any possible losses they might endure.
An additional means by which traders are capable of mitigating risk is through an exchange, in which both parties agree to switch one currency for another for a set period of time, and will then reverse the transaction after the period runs out.
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An individual exchange rate for a given currency does not subsist since there is no centred market. The bid and ask rates for a currency whilst normally reasonably close to each other, can, because of the over-the-counter (OTC) nature of the markets, deviate among dissimilar geographic markets and market makers.
Three letters express an international currency code for every currency and because the price of a currency must be applied in reference to another currency, it is displayed in the form XXX/YYY. The price of the British Pound in U.S. Dollars is recorded as GBP/USD, for instance. Acknowledged as the base currency, and the securest currency when the pair was made, is the first in the pair while the other currency is known as the counter currency. Presented in decimal form the real prices themselves are normally rounded to the nearest ten-thousandth of a unit.
Close to $2 trillion is exchanged each day in the forex market and it comprises the largest market in the world. With more than three quarters of deals surviving less than a week forex trading is, for the most part, a high-risk, short-term market. It is a highly fluid market, a good deal more so than equities, with the many traders worldwide and the very high daily turnover rate. The top ten most active traders, however, are responsible for nearly three quarters of total dealing volume. The trading activity that happens within the interbank market, which is formed by international banks, provide the market with bid and ask prices that are far closer than retail customers can get.
In 1972, at the Chicago Mercantile Exchange, forex futures contracts, that are derivatives, were introduced and now make up around seven percent of the all foreign exchange volume. Something else that has also taken hold and is another popular hedging strategy is foreign exchange options. Investors often buy these derivatives, which are contracts to purchase currency at a certain price on a future date, to counterbalance the decline in the price of a currency and any possible losses they might endure.
An additional means by which traders are capable of mitigating risk is through an exchange, in which both parties agree to switch one currency for another for a set period of time, and will then reverse the transaction after the period runs out.
Brought to you by-aminul,sust.
Monday, April 5, 2010
Some special reasons why people resort to refinance loans
One of the main reasons why people resort to refinance loans is because the heavy installments they have to pay are a burden. It often happens that at the time when the house is being bought, the interest rates are high. Thus, we end up paying large amounts as interest in addition to the monthly payments on the loan. In the course of time, interest rates will decrease sometime in the future or another. At such times, it might be a good move to go shopping for refinance loans that charge lower rates of interest. This would help us to actually reduce the amounts that we pay every month toward the repayment of our loans. However, we must also take into consideration the refinance fees. The question we should be asking is whether, even with the lower rate of interest, if the refinance fees make the loan a more expensive one. If the answer is "no", then it would be smart to get this loan.
A lot of people look to refinance loans if they are looking at a faster repayment option. Even with the same monthly installment, a person can pay off larger chunks of their loan because of the lower rates of interest. This would lead to a great reduction on the term period of the original loan. If one has recently got a salary increment, it might be intelligent to try to get out of the burden of debt sooner by availing of a refinance loan that offers a shorter term period.
A refinance loan can also be used to consolidate one's miscellaneous loans. Home equity loans are a good choice for debt consolidation. Such a loan supplies yet another way of decreasing our debt burden as this allows us to pay off a single loan at a single rate of interest. Moreover, refinance loans such as home equity loans provide aid in avoiding the dangers of bankruptcy. Even if one is unable to pay the loan, the house acts as security.
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A lot of people look to refinance loans if they are looking at a faster repayment option. Even with the same monthly installment, a person can pay off larger chunks of their loan because of the lower rates of interest. This would lead to a great reduction on the term period of the original loan. If one has recently got a salary increment, it might be intelligent to try to get out of the burden of debt sooner by availing of a refinance loan that offers a shorter term period.
A refinance loan can also be used to consolidate one's miscellaneous loans. Home equity loans are a good choice for debt consolidation. Such a loan supplies yet another way of decreasing our debt burden as this allows us to pay off a single loan at a single rate of interest. Moreover, refinance loans such as home equity loans provide aid in avoiding the dangers of bankruptcy. Even if one is unable to pay the loan, the house acts as security.
Brought to you by-aminul,sust.
Finding ways to Reduce Student Loan Debt
The student loan debt and other financing needs such as for a car can couple with numerous late or unpaid credit card bills and make for quite a significant amount of debt, which becomes tougher to handle upon graduation and when entering the workforce. Even after they get a job and income starts flowing in, they find it is flowing out even faster since most of it goes into repaying the loans. The worst part is that despite all this they don't seem to make much difference in the outstanding debts. They still have loads of unpaid student loan debts. Therefore, it is better to take steps to manage student loan debt efficiently before leaving college.
The only solution to all their loan problems is Student Loan Consolidation, which is, as the name suggests, putting all types of loans under one cover. When a students secures a student loan consolidation program, then all their outstanding debt is packaged together into one lump sum. This sum is then paid off by taking a single loan, which can then be paid back in the form of regular monthly installments.
By consolidating their student loan debt with a student loan consolidation programs, students can save up to 60% on their monthly payments. An additional benefit of going for a student loan consolidation program is that it can rid the tension of keeping track of a large number of payments and their due dates. Under a student loan consolidation program, only a single loan repayment is made every month.
On the other hand, the interest rates for most student loan consolidation programs are much lower than what you would generally be paying on credit card payments and other loans. Thus when consolidating student loan debt, with a student loan consolidation programs, finances get streamlined while students save a lot of hard earned money that was earlier going towards hefty interest payments.
Fourthly, consolidating student loan debt with student loan consolidation is an easy process. It is free, and you are under no obligation to apply, and there is no credit check either. There are plenty of student loan debt consolidation companies that would like to do business with you. So, you have the freedom to compare and choose the one that meets all your requirements.
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The only solution to all their loan problems is Student Loan Consolidation, which is, as the name suggests, putting all types of loans under one cover. When a students secures a student loan consolidation program, then all their outstanding debt is packaged together into one lump sum. This sum is then paid off by taking a single loan, which can then be paid back in the form of regular monthly installments.
By consolidating their student loan debt with a student loan consolidation programs, students can save up to 60% on their monthly payments. An additional benefit of going for a student loan consolidation program is that it can rid the tension of keeping track of a large number of payments and their due dates. Under a student loan consolidation program, only a single loan repayment is made every month.
On the other hand, the interest rates for most student loan consolidation programs are much lower than what you would generally be paying on credit card payments and other loans. Thus when consolidating student loan debt, with a student loan consolidation programs, finances get streamlined while students save a lot of hard earned money that was earlier going towards hefty interest payments.
Fourthly, consolidating student loan debt with student loan consolidation is an easy process. It is free, and you are under no obligation to apply, and there is no credit check either. There are plenty of student loan debt consolidation companies that would like to do business with you. So, you have the freedom to compare and choose the one that meets all your requirements.
Brought to you by-aminul,sust.
Let your home work for you with HSBC's Home Equity Loan. (Bangladesh)
HSBC's Home Equity Loan - an opportunity for you to release some of the value tied up with your home. Whether you want to renovate your home or expand your own business, you can potentially receive cash against the equity in your home.
Features:
- Maximum: 60% of the apartment/building value (subject to a cap of BDT 7,500,000)
Eligibility
- Self-employed: Business establishment for at least two years (with adequate proof)
3. Minimum Monthly Income: BDT50,000
Requirements
* The concerned apartment/house must be occupied by the owner
* Age of the property must not be more than 20 years
* Property valuation and vetting cost must be borne by the customer
* Registered mortgage in favour of HSBC and original title deed
* Irrevocable General Power of Attorney (IGPA) in favour of HSBC
* Property insurance covering fire, earthquake, flood, and cyclone
* Documents stated in the Application Form
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Features:
- No personal guarantee or cash security
- Wide range of loan amounts -
- Maximum: 60% of the apartment/building value (subject to a cap of BDT 7,500,000)
- Loan facility against your residential apartment or building
- Competitive interest rates
- Interest is calculated on monthly reducing balance
- Low processing fees
- A wide range of loan purposes - purchase of land, apartments, office space, renovation, extension or construction of houses, shops etc, education expenses for children and many more
- Clubbing of income is allowed for immediate family members i.e Husband-Wife, Father-Child, Mother-Child etc.
- More flexibility with a loan tenure of maximum 10 years
- Options for partial prepayment and early settlement
Eligibility
- Age: At least 23 years
- Professional Experience:
- Self-employed: Business establishment for at least two years (with adequate proof)
3. Minimum Monthly Income: BDT50,000
Requirements
* The concerned apartment/house must be occupied by the owner
* Age of the property must not be more than 20 years
* Property valuation and vetting cost must be borne by the customer
* Registered mortgage in favour of HSBC and original title deed
* Irrevocable General Power of Attorney (IGPA) in favour of HSBC
* Property insurance covering fire, earthquake, flood, and cyclone
* Documents stated in the Application Form
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Student Loan from HSBC is available in Bangladesh
Whether it is about securing your child's future or you getting a graduate or postgraduate degree or completing a professional degree while you are still working, requires a considerable amount of investment. Some features of this loan is below:
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- No personal guarantee or cash security.
- Loan amount ranging from BDT50,000 to BDT750,000 or a maximum of four times of your monthly income, whichever is lower.
- If you are an AutoPay customer, you can get six times or if you are a CEPS customer you can get ten times of your monthly income upto a maximum of BDT750,000.
- Competitive interest rates. Low processing fees.
- You can repay the loan in 12, 24, 36 or 48 months.
- Loan against partial security is also available.
- Facility for opening a student file is also available.
- To open a student file, the student has to provide a copy of the college/university admission paper and proof of formal acceptance by student along with other documents.
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How much possible?-Bad Credit Home Loan Refinance
If you really have a bad credit history, most lenders will try to avoid giving you a loan. This is a well known fact and also a very normal situation as lenders these days are careful with whom they wanted to lend the money to. They will definitely be more willing to give loans to people with good credit rather to those who have poor credit ratings because of the higher risk involved in dealing with poor credit people. You will then ask whether there are any other options that you can avail to help prevent the foreclosure of your home. Of course there are and now you can avail the bad credit home loan refinance option widely available in the market these days. Because of the bad financial crisis around the globe, there are thousands of homes that were foreclosed in the past due to people not able to pay for their monthly instalments. As a result, many people lost their homes and also starting to have bad credit ratings. In order to prevent more foreclosures and in trying to help people in times of financial crisis, help are given in the form of bad credit home loan refinance options.
If you have difficulties in getting a refinancing loan to prevent the foreclosure of your home, you should opt for a bad credit home loan refinance plan today.
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- What You Can Do With Such A Loan
- What Should I Do To Get Such Loan
If you have difficulties in getting a refinancing loan to prevent the foreclosure of your home, you should opt for a bad credit home loan refinance plan today.
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Understanding The Various Types Of Home Mortgage Loan
The first type of loan is the Fixed Rate Loan. If you are planning to buy a home and stay in it until you pay it off, then you will probably want a fixed rate home loan. With this type of loan, you will be assigned a fixed interest rate, and that rate will not change for the life of the loan. If interest rates do skyrocket, yours will remain the same. On the other hand, if they plummet, you will be paying a higher rate. The second type is the adjustable rate mortgage or the ARM. This loan's interest rate basically goes up and down with the market so if the interest rate is low, so will yours; and if high, your home mortgage rate will, too. One disadvantage of this type is that the interest rate on a home mortgage loan affects the payments so you will never know what your monthly mortgage payments will be so this type won't be right for everyone.
To make good use of an ARM loan, individuals usually plan to sell a house quickly that they purchased for investment purposes so they may take advantage of the low interest rates especially if it looks as they may go lower.Another reason to use an ARM as a home loan is if you are buying a home in a time when interest rates are on the decline. You can take out an ARM, and then have it changed to a fixed loan once the interest rates bottom out.
The balloon home loan is the third type of loan and with this type, for a fixed amount of time with a fixed interest rate, you will do monthly payments. But in this type, you are to owe an unpaid balance in one lump of sum at the end of the payment schedule. So interest rates in this type of loan are much lower than the other two previous types. The only drawback of a balloon loan is at the end, you have to make a huge payment but if you plan to keep the house for only a short period, this can just be the right loan for you.
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To make good use of an ARM loan, individuals usually plan to sell a house quickly that they purchased for investment purposes so they may take advantage of the low interest rates especially if it looks as they may go lower.Another reason to use an ARM as a home loan is if you are buying a home in a time when interest rates are on the decline. You can take out an ARM, and then have it changed to a fixed loan once the interest rates bottom out.
The balloon home loan is the third type of loan and with this type, for a fixed amount of time with a fixed interest rate, you will do monthly payments. But in this type, you are to owe an unpaid balance in one lump of sum at the end of the payment schedule. So interest rates in this type of loan are much lower than the other two previous types. The only drawback of a balloon loan is at the end, you have to make a huge payment but if you plan to keep the house for only a short period, this can just be the right loan for you.
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Tips for cheap Home Improvement Loan
Cheap home improvement loan is a perfect choice. Through cheap home improvement loan you can finish improvement works at low cost. Bad credit people also are fully eligible for cheap home improvement loans. Cheap home improvement loan means that loan is offered at cheaper rate of interest. This cheap rate is approved for the borrower who offers some security of the loan to the lender. The security may consist of a valuable asset like the home of the borrower.
Cheap rate of interest can easily be availed if the borrowed amount is kept below equity in the property placed as collateral as it secures the loan more. Usually lenders approve £5000 to £75000 as cheap home improvement loan. The rate of interest can go down for a borrower who has excellent record of timely paying previous loan. So if your credit history is excellent or good you are sure of getting a cheap home improvement loan at cheap rate of interest.
You can choose to repay cheap home improvement loans in larger duration that ranges from 5 to 30 years. So on opting for larger repaying duration your monthly payment for the loan installments gets reduced substantially and you repay the loan easily as cheaper rate has already reduced the repayment burden. Bad credit is usually no problem in getting cheap home improvement loans but the rate of interest may be a bit higher. However the rate will still be cheaper as compared to any unsecured loan as you take the cheap home improvement loan against your property. Compare different lenders for interest rate and apply online for fast and cost free loan approval.
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Cheap rate of interest can easily be availed if the borrowed amount is kept below equity in the property placed as collateral as it secures the loan more. Usually lenders approve £5000 to £75000 as cheap home improvement loan. The rate of interest can go down for a borrower who has excellent record of timely paying previous loan. So if your credit history is excellent or good you are sure of getting a cheap home improvement loan at cheap rate of interest.
You can choose to repay cheap home improvement loans in larger duration that ranges from 5 to 30 years. So on opting for larger repaying duration your monthly payment for the loan installments gets reduced substantially and you repay the loan easily as cheaper rate has already reduced the repayment burden. Bad credit is usually no problem in getting cheap home improvement loans but the rate of interest may be a bit higher. However the rate will still be cheaper as compared to any unsecured loan as you take the cheap home improvement loan against your property. Compare different lenders for interest rate and apply online for fast and cost free loan approval.
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