KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 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...