KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
A very interesting article that I read last weekend regarding gold and the monetary system. It's quite long winded, but very informative and I think it's appropriate to share it here since we have been monitoring the gold price for quite some time already. It gives us the insight of gold and how gold are ties to the money value, even how often countries stray away from Gold Standard and then coming back to it, and then moving away from Gold Standard again and back and forth. The writer gives advice that if we do really want to hold physical gold, we should not do it in a rush, gold bug or not. The article is as follow:- KEYNES called it a “barbaric relic” in 1924. Scarce, attractive, malleable and immune to corrosion – gold used to be ideal money before the advent of modern paper money. Today, just like diamonds, gold is also a girl’s best friend. In Asia, it is the masses’ darling. Most Asians are showered with gold when they are born; gold is figuratively given away duri...