Best selling author of Rich Dad poor Dad businessman self-help author and motivational speaker Robert Kiyosaki , Robert Kiyosaki has written 15 books which have combined sales of over 26 million copies , he co-authored 'Why we want you to be Rich & Midas Touch' with Donald Trump . Robert Kiyosaki stresses financial literacy as the means to obtaining wealth
Tuesday, March 22, 2011
Gaddafi uses gold to finance the war
Colonel Muammar Gaddafi and his regime is using the large Gold stock the Central Bank of Libya. to finance his war against the international community in accordance with Security Council resolution 1973, , after all their assets were frozen .The latest IMF data show that the central Libyan reserves of Gold are 143.8 tons . The value of this quantity of gold more than 6.5 billion dollars, and thus Libya is among the top 25 Gold Reserves worldwide ,although many observers believe that the real amount of gold in Libya is more than this amount declared by several tons.Gaddafi is now using the Gold to pay the salaries of an army of mercenaries being not able to export the Oil which is the most important sources of income in the Libyan state . The Financial Times quoted people familiar with the activity of Libya in the gold market as saying that while the majority of central banks keep their reserves of gold in London or New York or Switzerland, the Libyan gold is already in Libya.Remains the difficulty for Gaddafi to sell the Gold and get cash for it
Silver outperforming Gold
Silver outperforming Gold on growing industrial demand and ongoing dollar weakness . Both Gold and Silver have been benefiting from the weakness of the dollar and the unrest in the middle east which reflected positively on the commodities market at a large
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