Invest in Gold, Silver sunnah money

[Listener]

The fiat currencies of the world are being inflated at a very high rate. The ummah needs to go back to gold dinar and silver dirham currency system.

As of today, there are no opportunities for Pakistanis to buy gold and silver bullion as investment. (Physical metal not ETFs.)

We need to create awareness and opportunities to buy gold and silver bullion coins and bars.

The hadith sharif should be our guide: There is a time approaching when nothing will have value except gold dinar and silver dirham.

The works of Sheikh Imran Nazar Hosein http://www.imranhosein.org/books/103-islam-and-the-future-of-money.pdf and Max Keiser are relevant.

 

[kashif10]

Gold n Silver both are good options to invest, specially when $ is going down in much fast pace.
It's easy to Invest much more in gold as compare to silver.
On the other hand silver rate is increasing much more steeply, It changed from 28 $/oz to 40$ / oz in last 2 months.

 

[A.Ali.T]

Gold n Silver both are good options to invest, specially when $ is going down in much fast pace.
It's easy to Invest much more in gold as compare to silver.
On the other hand silver rate is increasing much more steeply, It changed from 28 $/oz to 40$ / oz in last 2 months.

I think gold and silver, both, have advanced too far without any meaningful correction. I think investing in gold and silver at this point is too risky, wait for some correction before jumping into these precious metals.

Compared to gold, silver is still cheap, according to my calculations silver should be around $100. Silver has industrial value also, so I would advise folks to invest in silver, but wait for pull backs.

 

[Aijazahmed]

The fiat currencies of the world are being inflated at a very high rate. The ummah needs to go back to gold dinar and silver dirham currency system.

As of today, there are no opportunities for Pakistanis to buy gold and silver bullion as investment. (Physical metal not ETFs.)

We need to create awareness and opportunities to buy gold and silver bullion coins and bars.

The hadith sharif should be our guide: There is a time approaching when nothing will have value except gold dinar and silver dirham.

The works of Sheikh Imran Nazar Hosein http://www.imranhosein.org/books/103-islam-and-the-future-of-money.pdf and Max Keiser are relevant.

If you keep this investment for one full year than you have to pay some Zakkat on it. Better calculate first if it is going up beyond that rate in one year. If not then think once more. Thanks

 

[A.Ali.T]

If you keep this investment for one full year than you have to pay some Zakkat on it. Better calculate first if it is going up beyond that rate in one year. If not then think once more. Thanks

If you have cash for one full year, you would still have to pay zakat.

 

[Aijazahmed]

If you have cash for one full year, you would still have to pay zakat.

You are right, that's what we all should/must do.
I am not against investing in gold, just saying forecast and then count ahead first and do subtract the zakaat amount out of profit and if you still gonna save some, then go ahead other wise be careful.
But still better than keeping cash for one full year and reduce it. Should take chance but with care.
Thanks

 

[SaadKnight]

I am sure many people know that the DOLLAR is collapsing, many financial expert in the US are already saying that by the end of 2011 dollar will die completely, they are promoting the idea that people should buy silver as much as possible (so that they do not suffer in hard times when dollar collapses) since it the the most important element, even important than gold since all electronics are manufactured using silver. According to many financial expert in the US, the US govt. is going to pull all the money out of its citizens banks accounts when the dollar dies to pay its debits.