Comments on: Snippet Of My Life Episode 15 – I Wonder Why http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/ Where Good Things Are Meant To Be Shared Tue, 07 Feb 2012 16:38:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: wilfrid http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7571 wilfrid Tue, 23 Sep 2008 14:43:11 +0000 http://www.wilfridwong.com/?p=2469#comment-7571 G - That got me thinking. This is what it's like when a country goes bankrupt eh? I am not an economist. Basically, what it means is that all the "values" built over time become zero. Zimbabwe has to start from ground zero again on what the outside world may want from them. Life as such. G – That got me thinking. This is what it’s like when a country goes bankrupt eh? I am not an economist. Basically, what it means is that all the “values” built over time become zero. Zimbabwe has to start from ground zero again on what the outside world may want from them.

Life as such.

]]> By: G http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7541 G Tue, 23 Sep 2008 02:58:59 +0000 http://www.wilfridwong.com/?p=2469#comment-7541 haha yes! I was reading the papers and they were talking about the gazillions and whatnot for the number of zeros! haha yes! I was reading the papers and they were talking about the gazillions and whatnot for the number of zeros!

]]> By: wilfrid http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7509 wilfrid Mon, 22 Sep 2008 12:07:35 +0000 http://www.wilfridwong.com/?p=2469#comment-7509 G - Talking about inflation, I read that in Zimbabwe, the inflation rate has reached 11.2 million! It is now trading about $350 Zimbabwean dollars ($35 trillion in the old value) against USD. G – Talking about inflation, I read that in Zimbabwe, the inflation rate has reached 11.2 million! It is now trading about $350 Zimbabwean dollars ($35 trillion in the old value) against USD.

]]> By: G http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7499 G Mon, 22 Sep 2008 07:06:40 +0000 http://www.wilfridwong.com/?p=2469#comment-7499 Wilf, so far I have not heard of any major "scary" news yet. Maybe it's been censored? Maybe inflation is their biggest worry? Agree it's the market sentiment. I have always been a big believer of that. Whenever I hear bad news, I just hope people will not panic too much or it will make things worse! But not everyone is as nonchalant as me :P Wilf, so far I have not heard of any major “scary” news yet.
Maybe it’s been censored? Maybe inflation is their biggest worry?

Agree it’s the market sentiment. I have always been a big believer of that. Whenever I hear bad news, I just hope people will not panic too much or it will make things worse! But not everyone is as nonchalant as me :P

]]> By: wilfrid http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7345 wilfrid Fri, 19 Sep 2008 07:10:38 +0000 http://www.wilfridwong.com/?p=2469#comment-7345 G - Is this financial crisis affecting Vietnam? I have got one colleague just came back with a queue number to surrender his policies. It is pretty organized here. I wonder how long AIG will last with policy holders withdrawing such a huge amount of money at the same time. In the end, it may not be the exposure to the Lehman, Merrill Lynch stocks, and etc. that bring down AIG. It's the market sentiment. G – Is this financial crisis affecting Vietnam? I have got one colleague just came back with a queue number to surrender his policies. It is pretty organized here. I wonder how long AIG will last with policy holders withdrawing such a huge amount of money at the same time. In the end, it may not be the exposure to the Lehman, Merrill Lynch stocks, and etc. that bring down AIG. It’s the market sentiment.

]]> By: G http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7339 G Fri, 19 Sep 2008 05:19:57 +0000 http://www.wilfridwong.com/?p=2469#comment-7339 Over here, people still buy houses in "teals of gold" which is also listed in the property websites. The banking sector is not so sophisticated, a rare few have credit cards, people still keep gold at home. While some others might say "eeee so backward" I totally can see why this can actually be a good thing! I love the way you ended your entry. I totally agree with you. Going into a mad frenzy about how the financial world is unfolding is definitely not what we should be focusing on! Over here, people still buy houses in “teals of gold” which is also listed in the property websites.

The banking sector is not so sophisticated, a rare few have credit cards, people still keep gold at home. While some others might say “eeee so backward” I totally can see why this can actually be a good thing!

I love the way you ended your entry.
I totally agree with you.
Going into a mad frenzy about how the financial world is unfolding is definitely not what we should be focusing on!

]]> By: wilfrid http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7311 wilfrid Thu, 18 Sep 2008 15:20:08 +0000 http://www.wilfridwong.com/?p=2469#comment-7311 CSC - It could be. People's savings can vanish when a bank collapses. Gold bars seem to be something more ... tangible? CSC – It could be. People’s savings can vanish when a bank collapses. Gold bars seem to be something more … tangible?

]]> By: wilfrid http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7310 wilfrid Thu, 18 Sep 2008 15:18:48 +0000 http://www.wilfridwong.com/?p=2469#comment-7310 Si Ying - You mean it is not?! Ha ha ha. I would. I don't even trust the bank that keep my gold bars inside their vaults. Si Ying – You mean it is not?!

Ha ha ha.

I would. I don’t even trust the bank that keep my gold bars inside their vaults.

]]> By: Chuang Shyue Chou http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7274 Chuang Shyue Chou Thu, 18 Sep 2008 01:31:09 +0000 http://www.wilfridwong.com/?p=2469#comment-7274 Isn't the price of gold going down now? Isn’t the price of gold going down now?

]]> By: si ying http://www.wilfridwong.com/2008/09/17/snippet-of-my-life-episode-15-i-wonder-why/comment-page-1/#comment-7270 si ying Thu, 18 Sep 2008 01:10:56 +0000 http://www.wilfridwong.com/?p=2469#comment-7270 Haha, I used to really think that "investing in gold" means buy gold and find a safe place to hide them. Haha, I used to really think that “investing in gold” means buy gold and find a safe place to hide them.

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