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Home and away

Yes, it’s been more than a frigging month that I have not got my Telekom Malaysia phone reinstalled / transferred from my real office to my SOHO office (which is just temporary actually), and that is since my previous engagement was terminated. Anyway, like I did say previously, I’m quite lucky that I have other engagements while doing the other business entity, like my online internet thingy, and like that I’m trying to get my business all in order,restructuring and getting my service providers licensing all in place.

It’s just that I’ve no business in developing House Plans for my customers anymore let alone, myself who is ever so busy, with my other projects that I neglected my other baby, the Country House Plans which I am planning for my early retirement thanks to not listening to others and placing risky bets on foreign exchanges, hedging on Gold loans and Borrowing Dollars against Euros and Pounds.

It’s crazy thinking but how it actually works is that, in Islamic system, you buy something on credit like gold, on the promise that you repay that value in the future, but in the current terms, you exchange that product for cash and then repay the value later in cash at ‘profit’.In Saudi Arabia, when you leave the bank for that Deferred Purchase, you can sell it for something else outside the bank and then pocket the difference.But in the new crazy world, it’s reversed off,and you borrow cash for Gold, where you have say, 1 kilogram of Gold and exchange it at trust with cash. Something like fixed deposit. But for that, you can ask for a margin to borrow currency units at ‘Profit Rate’ based on the local units. So when the units are at profit, you sell it and pocket it.

Example, say you have 1kg of gold, and that is worth right now US$22,200 and by depositing that gold, you can get a trade margin with say this brokerage for 400 times, or more, which normally works to US$11.5 million in high limits and US$9.2million on the conservative side. But exchange that to pounds and we get 5.8 million quid based at 1.92 USD to GBP. On the high side, it was 2.20 USD to GBP and that alone will be 14% profit or 1.5 million dollars profit for a few months, or 75kg in gold returned.

That is how rich people get richer,and by then, they can built their dream home with log home floor plans or even their own castles in the valley. It’s plain simple actually and the concept is right now ripe for the picking. But then, the entry fee to these kinds of clubs are really expensive, which runs into the mid 5 digits, plus initial deposits of nearly 100,000 USD or about 10 kilos of gold normally.

It’s plainly, not a get rich scam. But these investments clubs are so elite even Paris Hilton don’t know of it. Heck what does that bimbo know other than calling others a bitch and try to run for President.








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