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Investing in gold futures is done by purchasing a contract for gold at a later date but paying for it now. Understand more about gold futures and the difference between a spot price and futures price with tips from a futures and options floor trader in this free video on investing.
Expert: Mark Griffith Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange). Filmmaker: Paul Volniansky
According to Robert Kiyosaki, author of Rich Dad, Poor Dad, the principle difference between rich people and poor people is that rich people have interest rates that work for them — making them money — and poor people have interest rates that work against them — costing them money. In more detail, rich people make purchases up front rather than using credit or accepting long-term contracts like mortgages or car payments, and they own financial instruments or businesses that make money on their own over time. Poor people need the basics, such as a vehicle and a place to live, and they purchase those things using long-term contracts that end up costing them more, in the long run, than the initial price of the item. When they don’t have enough money to pay an outstanding bill, their only option besides losing access to something vital like hot water or their car is to use credit — which means more debt automatically piling on every month. via http://all247news.com
Astronomers from UC Santa Cruz have announced the discovery of a distant planet they say is capable of harboring water on its surface, which would potentially sustain life. One of the discoverers said that he believes the chances of life on Gliese 581g is 100 percent, but others have expressed caution noting that the planet's density, atmosphere, and composition are still uncertain. Space Entrepreneur Jeffrey Manber explains that this new planet is just right and could support life.
The price of gold and other precious metals seem unstoppable and is going from one record to another record,the price of a troy ounce (31.1 grams) of gold climbed on Friday to a record $ 1,320 Silver the little brother of Gold also rose in price and traded at $ 22.08 a price not seen since 1980 .What is driving Gold prices high is the worrying credit situation in the euro zone with countries like Ireland, but also fear about the new instability in the global financial system .Precious metal prices are a very clear indicator of impending inflation. The U.S. Federal Reserve (Fed) has had hinted in recent weeks that they will finance public debt indirectly through freshly printed money. Officially, this is "quantitative easing" the support of the ailing U.S. economy.
Bob Chapman : there will be a deflationary Depression in Europe if they continue to do what they are doing , I think it is deliberate...., England is no better off than Greece Spain Ireland or Italy
Lecture presented by Lawrence H. White at the Ludwig von Mises Institute's first-ever conference, "The Gold Standard: An Austrian Perspective" held in Washington, DC; November 16-17, 1983. http://mises.org
Lawrence H. White is an Economics Professor at George Mason University. He currently teaches a graduate level course on Monetary Theory and Policy. White earned his AB at Harvard University (1977) and PhD at the University of California at Los Angeles (1982).
Before his current role at George Mason University he held a position as F.A. Hayek Professor of Economic History with the University of Missouri--St. Louis Economics department. He held this position from August 2000 to August 2009 and taught classes on American Economic History, Monetary Theory, and Money and Banking. Previously, he was Assistant Professor at New York University and Associate Professor at The University of Georgia in Athens, Georgia.
He is noted for contributing to the body of thought known as the Austrian School. He has analyzed the theory and history of free banking, a system under which commercial banks and market forces control the provision of banking services. (Source: Wikipedia)
Sept. 30 2010 | Martin Hennecke, associate director at Tyche, explains why he's advising investors to hold physical gold, with CNBC's Chloe Cho, Yousef Gamal El-Din & Anna Edwards.
Sept. 30 2010 | Martin Hennecke, associate director at Tyche, explains why he's advising investors to hold physical gold, with CNBC's Chloe Cho, Yousef Gamal El-Din & Anna Edwards.
