Wednesday, June 1, 2011

Singapore's Gold Standard: Stable Government

As in many nations, cue the recent uprisings in the middle east and soon to be in Europe, the internet has played a part in the opening of the minds of people to divergent views. Views they could not expound openly in the old forums of printed media.

The internet has also allowed 'cyber-communities' to be formed that have great power for change.

Singapore is the latest such manifestation of this internet phenomenon. The rhetoric around the recent elections could not be controlled by the State. It took place on Facebook and Twitter and open forums. The incumbent system took a huge beating in the latest elections. The swing in sentiment, for Singapore, was massive.

This in a country, where by most Western standards, journalists are not free to write what they like. If they write negative comments they must 'balance' this with positive comments. The internet is making such rules redundant.

The new generation seem restless for change from the old ways. Where this leads, who knows. But this is likely to be a peaceful and measured transition from one order to another. It appears Singaporeans are built this way.

Singapore is a major service industry provider to the Asia/Pacific region and it would be critical to keep a stable business environment here.

Gold in New Zealand dollars: $1866.44 per oz
Previous all time high: $1955.10 per oz

Silver in New Zealand dollars: $46.71 per oz
Previous all time high: $48.58
per oz

The Anglo-Far East Company
The Original Private Bullion Custodian
Your reference: an-001

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