China's Hunger for Gold Now surpasses India - Alex Jones Tv
Saturday, December 4, 2010
Philip Manduca, Gold Heading Above $2000 By 2011?
Philip Manduca, head of investment at ECU Group, speaks to CNBC about the "stress tests" for banks, the bear market rally and gold. He foresees inflation, currency devaluation and a second wave of massive deleveraging on the horizon, and is therefore very bullish on gold.
"You will, in my opinion, see gold well above $1500 before the end of next year, based on risks of inflation, because it's the only way we're going to get out of the debt problem; [you will also see] currency debasement and devaluation, because it's the only way we're going to get out of the debt problem, and of course [you will see] the potential for a massive debt bust", he said.
"You will, in my opinion, see gold well above $1500 before the end of next year, based on risks of inflation, because it's the only way we're going to get out of the debt problem; [you will also see] currency debasement and devaluation, because it's the only way we're going to get out of the debt problem, and of course [you will see] the potential for a massive debt bust", he said.
Robert Kiyosaki assets vs liabilities
Robert Kiyosaki :"...An asset is something that puts money in my pocket. A liability is something that
takes money out of my pocket. That’s really all you need to know. If you want to be rich
or get out of the rat race, simply spend your life buying assets. If you want to be poor or
middle class, spend your life buying liabilities...."
takes money out of my pocket. That’s really all you need to know. If you want to be rich
or get out of the rat race, simply spend your life buying assets. If you want to be poor or
middle class, spend your life buying liabilities...."
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