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Islamic Dinar : 4.25 grams 22 K Gold

Dirham Islam : 2.975 grams Pure Silver
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Thursday, March 20, 2008

While the Fiat Money is Still Powerful

There is something strange with the capital market and global commodity in the last few days trading. We know that since September 2007 until now the Fed had cut rates six times.

Until the last five cut rates, the impact towards capital markets and commodity is obvious and easy to understand. Every time the Dollar is becoming less interesting, people rush to the capital market or commodity – oil, gold, etc. It means that after the Fed cut rates, usually the stock price increase, so is gold.

This can be seen in the graph, the Dinar price trend for the last year like I always provide in the side of this article; since September 2007 until early this week, the gold price and also Dinar, keeps going up.

The Feds rate cut of 75 basis points four days ago caused a contrary reaction with what has been happening so far. US$ is not down, instead it goes up, indicated by the increase of the US Dollar index in the last three days.

While the experts are busy trying to explain the anomaly, I honestly can’t explain it this time. All I know is that the gold/Dinar purchasing power is stable in all history, like what happened for more than 1400 years, and InsyaAllah will be stable until the end off the world. The decline of the oil price along with the decline of gold during the week, once again proves the accuracy of this gold/Dinar purchasing power theory.

While our fiat money, either US Dollar or Rupiah, is good at this point of time, it is a great time for us to return the the “money” that has a stable purchasing power for all era, the Dinar and Dirham. Dinar is “cheap” right now, in Gerai Dinar, the Dinar price this morning is almost at one month low.

There is a lot of things that we can be thankful of this decline in oil and Dinar Price; first we can breathe better that the scary increase of gasoline price and oil. Secondly, for the people that are not familiar with the Dinar, InsyaAllah the Dinar can be more affordable in the next days or weeks – hopefully enough time before it goes up again.

InsyaAllah the introduction of Dinar does not stop with the holders of Dinar just keeping them, the capital loan (Qirad) program we started in the last three weeks has opened the implementation of Dinar that is Subhannallah.. while there is a lot of time in this long weekend, I will try to write more detail about the capital loan (Qirad) program. May Allah Make Ease of His Way for all of us.
Labels: Dinar Price, Gold Price, the Fed

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