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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How will CB stop this Royal Mess in the making??

How will CB stop this Royal Mess in the making??

Go down  Message [Page 1 of 1]

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Guys this is a worth discussion with regard to the stock market.

An input from all will be helpful

They estimate total industry exposure to the pawning business together with banks and finance firms and general pawning agencies at Rs. 700 billion. They also point out that banks are generating profit on the pawning portfolio which is not ‘real’ profit, as it’s an asset which is not readily realisable. “This is why the financial exposure is dangerous as it’s not a readily encashable portfolio,” an analyst noted. He said this exposure is increasing and as it stands the banks cannot bring this to a manageable level in a ‘hurry’.

More at http://forum.srilankaequity.com/t28428-pawning-business-gold-mine-or-mine-field

Cheers![b][u]

besthope


Manager - Equity Analytics
Manager - Equity Analytics
All that glitters in not gold
dont be scared, be bold
if bank shares come down, please buy
if comming down further then dont cry

only 700 billion so not to worry
giving only 85% they may be now sorry
out of that say 50 % dont redeem & pay
with the gold price drop say 35 %, only 70 billion will go astray

CB will bail banks and take the jewelry
their will be much revelry
they will melt and bullion they will make
that will be the icing on the cake

Caba will impose gold import duty
then smugglers will bring in the booty
gold market in lanka will be tight
and with electricity bill so high, not much also light

Then later gold going up again so high
Caba will laugh and banks will cry
so best for them to hold and provision
that should be there ultimate mission

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Bailing all the banks out with their gold losses will create the mother of all economic crises!

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I heard that some banks only give 50% of market value of the gold. The banks are much prudent than we think. They have a risk control mechanism and we mustn't be too worried about this.

As investors, it's a golden opportunity for us to buy gold at US$ 1,400.00 an ounce. This will not be the case for too long. The gold market is subject to fluctuations and give opportunity for intelligent investors.

Don't miss this golden opportunity.

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
By mid of June, gold will plung below 1,300

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
heard that Europe banks start to sell their gold reserve. see the banking & sector in cse. its huge Sad

besthope


Manager - Equity Analytics
Manager - Equity Analytics
Without Bail the banks may fail
and leave a destruction trail
so Caba wont allow this to happen dont fret
come on lets take any bet

Rapa your too pessimistic and negative
i want to hit you with a strong expletive
it seems you missed the market rally
now only chance please go to Bally

Now Salt he not worry
he calculate and buy shares, later not be sorry
Caba saying CB wants to increase gold reserves soon
maybe before June full moon market will be very choon

Interest rates and Gold prices coming down
Rupee strong and foreign funds going to town
DP is too big to fail
buy some shares and blaze a trail

kukumarx


Manager - Equity Analytics
Manager - Equity Analytics
@besthope wrote:Without Bail the banks may fail
and leave a destruction trail
so Caba wont allow this to happen dont fret
come on lets take any bet

Rapa your too pessimistic and negative
i want to hit you with a strong expletive
it seems you missed the market rally
now only chance please go to Bally

Now Salt he not worry
he calculate and buy shares, later not be sorry
Caba saying CB wants to increase gold reserves soon
maybe before June full moon market will be very choon

Interest rates and Gold prices coming down
Rupee strong and foreign funds going to town
DP is too big to fail
buy some shares and blaze a trail

Wow a really fabulous Rap! Congratulations besthope!

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Mr Best hope i haven't missed this rally and neither did i miss the last one. I invest long term and i stay put with the market in good and bad times.

Secondly Caba or who ever have no control on the gold price.

Things can change so fast that it can go out of control. Private banks are smart. If you read the article who can see how much BOC and PB are exposed.

Cheers

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I feel banks and finance companies should slowly reduce their exposure in gold.

Hopefully gold wont plunge rapidly like last month.

Also people have sentimental value and will not want their names in the CRIB.

Looks like prices have been brought down. I used to see places advertise more than 50,000/- for 24K

http://www.peoplesbank.lk/products/swarnaloan
http://www.eti.lk/ETI-Web/pawning_new.php

Cheers

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Prices goes up and down......Gold hit 800 US$ in 2008-2009 era as well. And gold was stuck at US$ 300-400 level for about 10 years from 1990-2000 then only it hit 800 level around 2001.

Only thing i consider is If this hit US$ 1000 i can save couple of lacks for sure since my marriage is on the way with in next 1.5 years time. That is the micro economics.

When its come to macro economics yes all the finance companies and banks are at a risk. but they still have required time to reduce the exposure.

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