Everything is way too inflationary ,the elites have devalued the currency ,but they do not have to worry ,they get billions,so what they can print more for themselves the web bots predict that silver would soon reach $600/oz.,It would be great to see silver bullion at $50 a troy ounce, its still on the up about 38% over a year period. if the empire continues to fall as I think it will them $600 is very likely as you will see and believe .IF webbots put Silver with 1:1 parity with GOLD, we're looking at at least $1300/oz Silver.Try Gold & Silver= $8000/oz Loaf of bread= $8.99 Have you bought bullion yet? Get your silver and food now! I think there will be events that dump on the metals prices, and THEN it will go beyond the "nobody's" ability to purchase it. Huge amount of "shorts & longs" on metals too. Lots of comex/ paper metal investment to get rid of too. Knowing which is the sign with the shorts/longs is an issue.
Sunday, March 20, 2011
Robert Kiyosaki : Our Childrens Future in Our Hands
Robert Kiyosaki speaking about the The 4 People in our Lives
Robert Kiyosaki : Yeah, I recommend three piggybanks. One piggybank says savings, one says tithing or charity, and the third says investing. And what I recommend is, even if it's just a penny a day, have your child put one penny in savings, one penny in charity, and one penny in savings. As a parent, you should do it, too, because kids copy you. It's not the dollar amount, it's the habit you're developing of paying yourself first, and charity is paying, you know, your spiritual guide, be it God or give it to a church or give it to a charity, but you're teaching a child very good habits of paying themselves first before they spend everything. And so I'll say it again, it's not the dollar amount, it's the habit that make you rich or poor.
Robert Kiyosaki : Yeah, I recommend three piggybanks. One piggybank says savings, one says tithing or charity, and the third says investing. And what I recommend is, even if it's just a penny a day, have your child put one penny in savings, one penny in charity, and one penny in savings. As a parent, you should do it, too, because kids copy you. It's not the dollar amount, it's the habit you're developing of paying yourself first, and charity is paying, you know, your spiritual guide, be it God or give it to a church or give it to a charity, but you're teaching a child very good habits of paying themselves first before they spend everything. And so I'll say it again, it's not the dollar amount, it's the habit that make you rich or poor.
Saturday, March 19, 2011
David Morgan on The Asian Demand for Gold and Silver
David Morgan and John Doody on The Asian Demand for Gold and Silver - Financial Sense Newshour Mar/18/2011
China has been stockpiling gold since 2003 China has been buying via government channels from South Africa, Russia and South America . China is the world's largest gold producer and does not permit exports of gold ingots, only jewelery, leaving plentiful supplies for the domestic market.China produced 282 tonnes of gold last year,Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.
Asian demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
China has been stockpiling gold since 2003 China has been buying via government channels from South Africa, Russia and South America . China is the world's largest gold producer and does not permit exports of gold ingots, only jewelery, leaving plentiful supplies for the domestic market.China produced 282 tonnes of gold last year,Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.
Asian demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
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