Transaksi Emas (Derivatif)

Berbeda dengan kedua investasi diatas, transaksi produk derivatif melalui bursa komoditas menganut faham “ Two Ways Opportunities” dimana baik ketika harga naik maupun turun dapat dimanfaatkan untuk memperoleh keuntungan. Karena kondisi tersebut maka proses investasi melalui model ini adalah terdiri dari serangkaian transaksi jual-beli yang bersifat aktif (Berdagang/Bisnis). Perbedaan lain adalah bahwa transaksi produk derivatif tidak membutuhkan “Full Margin” (modal penuh). “Margin Requirement” (kebutuhan modal/jaminan) yang dibutuhkan biasanya kurang dari 10% dari nilai transaksinya sendiri. Ini berakibat pada besarnya tingkat “leverage” yang terjadi. Sebagai Ilustrasi perhatikan contoh perhitungan di bawah ini:

Modal yang dibutuhkan untuk bertransaksi 1 lot Emas (100 Troy Ons = 3,11 Kgram) adalah US$ 1000, jika harga emas pada saat itu adalah US$ 900,00 per troy ounces maka nilai transaksinya setara dengan US$ 90.000. Ini berarti bahwa modal transaksi yang dibutuhkan hanya sekitar 1% dari total nilai transaksinya. Ini akan berdampak signifikan pada potensi keuntungan/kerugian yang mungkin terjadi.

Misalkan transaksi beli dilakukan pada saat harga US$ 900,00, maka ketika harga emas mencapai US$ 905,00 potensi keuntungan yang bisa diraih sebesar:

Gross = (Jual – Beli) x Contract Size x Unit

= (US$ 905,00 – US$ 900,00) x 100 x 1

= US$ 500

Jika pencapaian keuntungan kotor ini dibandingkan dengan nilai Modal yang dibutuhkan maka prosentase keuntungan yang dibukukan bisa mencapai 50%.

Berinvestasi pada Emas

Berinvestasi pada Emas

Sudah sejak lama orang menggunakan Emas sebagai instrumen investasi, baik dalam bentuk simpanan perhiasan maupun emas batangan. Selain dari model investasi yang bersifat konvensional diatas. Sebagian investor yang lebih modern menanamkan modalnya pada saham perusahaan-perusahaan seperti PT. ANTAM Tbk. Melalui transaksi pada bursa saham (BEJ/BEI). Model investasi ini tidak langsung menggunakan emas sebagai instrumen utama akan tetapi melalui perantaraan kepemilikan saham perusahaannya. Sehingga nilai investasi sesungguhnya akan lebih ditentukan oleh kinerja perusahaan itu sendiri. Paradigma Investasi yang digunakan adalah pertumbuhan dan menganut faham “one way opportunities” (peluang satu arah. Yang berarti hanya pada saat harga naik maka keuntungan dapat diperoleh, sebaliknya pada saat harga turun investasi terancam merugi.

Sekarang ini transaksi produk-produk derivatif telah dikenal secara luas dan bersifat global. Transaksi dilakukan melalui bursa-bursa komoditas dunia. Seperti COMEX di Chichago (AS), LOCO di London (Inggris), TOCOM di Tokyo (Jepang), dan dibelahan dunia yang lain. Di Indonesia sendiri sejak tahun 2000 kita telah memiliki Bursa Berjangka Jakarta (BBJ/JFX) yang menjadi satu-satunya bursa komoditas yang diakui oleh Pemerintah Republik Indonesia dan dilindungi oleh Undang-Undang No. 32 Tahun 1997 sebagai payung hukumnya.

“GOLD”

Product Fact

Emas adalah logam mulia yang memiliki simbol kimia Au aurum (Latin), yang berarti kilau dini hari dan mempunyai nomor atom 79. Merupakan logam-mulia yang sangat dicari sejak berabad-abad lampau, sudah digunakan sebagai uang, simpanan harta berharga dan untuk perhiasan. Emas dapat ditemukan sebagai bongkah emas atau butir-butir dalam batu-batuan, di dalam jalur bawah tanah dan di dalam cebakan aluvial. Emas juga satu bahan pembuatan uang logam. Emas bersifat rapat, lembut, berkilauan, lunak dan mudah dibentuk. Emas murni mempunyai suatu warna kuning yang terang dan menarik. Karena daya tahannya terhadap karat (korosi), emas kini juga banyak digunakan pada industri gigi (gigi palsu) dan industri elektronik (semi konduktor).

Emas digunakan dalam regulasi IMF (International Monetary Fund) untuk mendasarkan setiap mata uang negara anggotanya terhadap emas.kode ISO emas batangan (di bank) adalah XAU.

Afrika Selatan merupakan produsen Emas terbesar di dunia (50%), Negara-negara lain yang juga merupakan penghasil emas dunia adalah Amerika Serikat, Australia, China, Rusia, dan Peru. Negara kita tercinta Indonesia juga merupakan salah satu penghasil Emas dunia.

Harga Emas batangan sepanjang sejarah tercatat memiliki tingkat volatilitas yang tinggi, pada tahun 1910 batangan emas dihargai US$ 20.67 per ons, terus naik sampai mencapai US$ 40.25 per ons, ledakan harga emas pertama kali terjadi pada tahun 1980 dimana harga emas batangan mencapai US$ 641.20 per ons atau mengalami kenaikan sebesar 1633% dibanding tahun sebelumnya. Tahun 2008 dikarenakan ancaman krisis keuangan di AS harga Emas mencetak rekor harga tertinggi yang baru melampaui US$ 1000 per ons.

Gold futures rally on record-high oil, falling dollar

NEW YORK (MarketWatch) -- Gold futures rallied 2% Wednesday, as oil's surge to a new all-time record and weakness in the U.S. dollar boosted demand for the precious metal.

Gold for June delivery soared $19.50 to finish at $937.50 an ounce on the New York Mercantile Exchange.
"Crude surging and the drop in the dollar are creating the rallying cry for gold today," said Burton Schlichter, director of trading at New World Trading.
The surprising drop in crude inventories "has pushed crude over the old March highs, which in return is giving gold a boost," he said. "If crude continues to surge, gold will go along for the ride."
Crude-oil futures rallied to a new record of $112.21 a barrel Wednesday after government data showed that crude supplies declined by 3.2 million barrels during the week ended April 4. Analysts surveyed by Platts had been looking for an increase of 2.7 million barrels.
Crude for May delivery rose $2.37, or 2.2%, to close at $110.87 a barrel.
"The backdrop of economic fears in the U.S., energy-related inflationary pressures and ongoing credit issues continues to draw investment interest from those looking longer term," said James Moore, an analyst at TheBullionDesk.com, in a research note.
The dollar extended losses against the yen and the euro as stocks withered on Wall Street and investors awaited a policy decision from the European Central Bank. The dollar index, which tracks the performance of the greenback against a basket of currencies, dipped 0.7% to 71.79.
The European Central Bank is expected to hold its key rate steady at 4%, but maintain its focus on price stability and worries about inflation.
On Tuesday, gold fell $8.80 an ounce. The International Monetary Fund said it would seek approval to sell more than 14.2 million ounces of its gold reserves, currently valued at more than $13 billion.

By Polya Lesova, MarketWatch
Last update: 4:17 p.m. EDT April 9, 2008

Gold futures drop as IMF announces gold sales

NEW YORK (MarketWatch) -- Gold futures dropped Tuesday, as the dollar strengthened against other major currencies and the International Monetary Fund said it would sell more than 14.2 million ounces of its gold reserves.

Gold for June delivery fell $8.80 to end at $918 an ounce on the New York Mercantile Exchange.
"You're seeing the trade key off of the stronger dollar mainly," said Zachary Oxman, senior trader at Wisdom Financial.
"Technically, [gold's] ability not to hold $920 in June does some damage to the contract," he said.
On Monday, gold futures closed up $13.60 at $926.80 an ounce.
On the currency markets, the dollar edged higher against major rivals after more downbeat U.S. housing data. The National Association of Realtors said its pending home sales index, which is considered a leading indicator of existing home sales, was down 21.4% in February from its year-ago level.
The dollar index, which tracks the performance of the greenback, gained 0.1% to 72.28. "For the moment, the action will continue to be dollar and U.S. economic news-driven until either ECB [European Central Bank] or Group of Seven signals are intercepted as to where next on the currency and interest rate scene," said Jon Nadler, senior analyst at Kitco Bullion Dealers, in a research note.
"The rate cut expectation fever in the U.S. has calmed somewhat, with markets now giving 64% odds to a quarter-point cut at month's end," Nadler said.
IMF to sell gold
The IMF said it will sell 403.3 metric tons of gold, currently valued at more than $13 billion, and cut substantial costs as part of an efficiency drive.

By Polva Lesova, MarketWatch
Last update: 4:19 p.m. EDT April 8, 2008


A.E.W : Daily Analysis, chart analysis & commentary (coming soon!!)

Gold News !!

WASHINGTON (AFP) - The International Monetary Fund Monday proposed the sale of 403.3 tonnes of gold to bolster its sagging coffers as part of a critical financial overhaul.
The sale, amounting to some 12 percent of its gold reserves, could yield around 11 billion dollars, IMF officials said, supporting a reorganization of the institution as it seeks to survive a downturn in lending to troubled countries, its main income source.
Managing director Dominique Strauss-Kahn said in a statement the IMF would use the funds to help shore up IMF finances and create a new endowment with more diverse investments to generate income.
The announcement comes with the IMF in the midst of an intense effort to trim costs and slash jobs as its lending is scaled back, with some countries refusing the IMF's conditional aid.
The IMF faces a budget shortfall of some 140 million dollars for the fiscal year 2008 that ends on April 30.
The sale would affect some 13 million ounces of the IMF's 103.4 million ounces of gold reserves.
IMF officials said the sale would likely take place over several years in an effort to avoid market disruption.
Still, the sale could have a dramatic impact on the market, where according to IMF officials some 500 tonnes are traded annually.
Gold prices recently hit an all-time record above 1,000 dollars an ounce. An IMF official speaking on condition of anonymity said an average price of about 850 dollars an ounce would generate about 11 billion dollars.
Of that, some 6.6 billion dollars would be used to create the endowment, he said.
The IMF said the executive board agreed to revamp the institution's income model from one that primarily relies on lending to one that "generates funds from various sources."
The expansion of the fund's investment authority is contingent on a charter amendment that would need legislative action in most member countries. In addition, approval by the US Congress is required for the US executive director to vote for the gold sale.
The reform plan requires approval by 85 percent of the voting power of the institution's 185 member nations, which is dominated by the US.
Strauss-Kahn hailed the executive board's proposal for a new financial framework, calling it "a landmark agreement that will put the institution on solid financial footing and modernize the IMF's structure and operations."
"We have made difficult, but necessary choices to close the projected income shortfall and put the Fund's finances on a sustainable basis," he said.
The investment policies would include safeguards to ensure that the broadened investment authority "does not give rise even to perceived conflicts of interest."
At the same time, the board considered the medium-term budget for the financial years 2009-2011, which includes "deep spending cuts" of 100 million dollars, and approved the administrative budget for the 2009 financial year that begins May 1, 2008.
"With these measures the fund expects to close the projected income-expenditure gap of 400 million dollars within a few years," said the multilateral institution, created in the aftermath of World War II with a mission to promote global financial stability.
If approved, the new income model "could generate an additional 300 million dollars" in income within a few years, the IMF said.
Nearly 400 jobs are targeted for elimination, officials said. That process, currently under way, includes a period of voluntary departures that ends on April 21.
The announcement came ahead of the spring meetings of the IMF and its sister institution, the World Bank, in Washington this weekend.(written by: veronica smith, source:yahoo.com)

Gold and Precious Metals

A precious metal is a rare metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements, have high luster, are softer or more ductile, and have higher melting points than other metals. Historically, precious metals were important as currency, but are now regarded mainly as investment and industrial commodities. Gold, silver, and platinum each have an ISO 4217currency code.
The best-known precious metals are gold and silver. While both have industrial uses, they are better known for their uses in art, jewellery and coinage.
The demand for precious metals is driven not only by their practical use, but also by their role as investments and a store of value. Platinum, as of January 29, 2008, is valued at $1,706 USD/ounce, which is almost twice the price of gold, at $995 USD/ounce. Silver is substantially less expensive than all of the other precious metals, presently less than 1/50 the price of gold, but is often traditionally considered a precious metal for its role in coinage and jewellery.

Gold Price
The usual benchmark for the price of gold is known as the London Gold Fixing, a twice-daily (telephone) meeting of representatives from five bullion-trading firms. Furthermore, there is active gold trading based on the intra-day spot price, derived from gold-trading markets around the world as they open and close throughout the day.

Silver Price
The price of silver has been notoriously volatile as it can fluctuate between industrial and store of value demands. At times this can cause wide ranging valuations in the market, creating volatility.
Silver often tracks the gold price due to store of value demands, although the ratio can vary. The gold/silver ratio is often analyzed by traders and investors. Over most of the 19th century, the gold/silver ratio was fixed by law in Europe and the United States at 1:15.5, which meant that one troy ounce of gold would buy 15.5 ounces of silver. The average gold/silver ratio during the 20th century, however, was 1:47.

(source: wikipedia)