Saturday, March 19, 2011

Lindsey Williams : Silver will go to $100/oz

Gold & Silver prices "You have seen nothing yet": says Pastor Lindsey Williams the plan by the global elite to sabotage the dollar, destroy the economy and America by 2012. For the next 10 years silver will be like 2 steps forward 1 step back. But will probably be more like 5 forward 2 back. Their may be one big dip & many chickens will flap & sell, only to regret & see it shoot beyond imagination. You have to look at the industrial & technical revolution & the global economic crisis. After doing my research I don't give a dam if silver goes down, as eventual fiat currency is going to 0, it's a possible small loss or loose everything, whats the fuss.



Gold production is decreasing due to few great Gold mine discoveryes. Witwatersrand played a big rule in gold offer since 1970 and people investing in Gold should observe the whole around this metal. I have seen predictions of Gold falling back to USD 300/oz (speculation) and I have also seen predictions for Gold reaching USD 9000/oz considering industrial consumption and mining supply. Gold Mining production is around 2500 ton/year and demand around 3800 ton/ year. Take your own conclusions.
The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, (241, 207, 076 oz) the US gold holdings are worth approximately $337.67 billion. This massive gold reserve would have to increase 40 times just to cover the debt !! That’s $56,000 a once. But the us already defaulted on its gold reserves back in 1971. So whatever the us has or doesnt have in gold isnt being sold. Roosevelt already defaulted on gold back in 1933. Nixon defaulted on foreign creditors in 1971. Assuming the us still has gold, how much dollars must the us print in order to turn 300 billion dollars worth of gold into 14 trillion?

Robert Kiyosaki : earned income is the most highly-taxed income

Robert Kiyosaki : .... which is the worst type of income? When you say to a child go to school and get a job, have a 401K, that's earned income. The problem with earned income, it's the most highly-taxed income there is. Then there's portfolio income, and portfolio income is oftentimes called capital gains income. So I buy a stock at 5 and it goes to 10 and I sell it, then I have portfolio income, and I pay approximately 15% on that. But if I have passive income--passive income is generally from things like patents or in my case intellectual property from books and from real estate, passive income, if you know what you're doing, you can pay zero taxes. So earned income is taxed at approximately 40%, portfolio income is taxed at 15%, but passive income is taxed at 0%, if you're smart. So that's what I say to people. I'm not into tax evasion, but I want to do my best to work, earn as much money as possible, and pay the least taxes possible legally. But if you say to a child, go to school, get a job, and get a 401K, they're basically a tax mule for the federal government."



Alot of people still stuck on the old ways of thinking and ignore the cashflow quadrant. Truth is...the days of going to school and getting that good job are over. Trust me, you can always be replaced and your boss will kick you to the curb if it saves his business money no matter how educated you are. Robert knows what he is talking about and he does rock.

Silver will Outperform Gold , even Jim Cramer agrees

Silver is 4 - 5 times rarer than Gold.It is vanishing fast - due to industrial uses and is too cheap to recycle.In the not too distant future it will be more expensive than Gold.Get some now while they are giving it away....
It will be like buying 25 Van Gogh paintings for nothing - when he was alive.Silver is a tremendous long term investment. but watch out Jim Cramer is promoting ETF SLV , this blog is instead promoting Physical silver that you own and you touch with your own hands , anything that is printed on a paper is practically worth the paper it is printed on
DAILY NEWS ON BOOZE