Friday, April 1, 2011

Robert Kiyosaki : Mutual Funds are the biggest rip offs going

 Robert Kiyosaki : “Even those that write for financial magazines. What they won’t admit is that they have to write for their advertisers. All of these mutual funds that are under indictment right now ask those guys how many of them recommended those mutual funds. All of these so-called Mutual Fund Gurus, where are they today? I have been consistent--unfortunately, mutual funds are the biggest rip offs going. You can do better in real estate. For instance, if I went to the bank and said I would like to borrow eight million dollars on mutual funds, what would they say? But, if I wanted to buy eight millions dollars of real estate, they would at least listen to me. That should tell you something. If I wanted to buy insurance on my real estate, I could buy it, but you can’t buy insurance on Mutual Funds. If I lose a million dollars in the stock market, do you know how much I can write off a year?”
in an interview with Philippe Matthews

Thursday, March 31, 2011

Jim Rogers : Silver Bull Market has a long way to go



Famed investor Jim Rogers told CNBC in an interview dated 30 March 2011 that he sees the Silver and Gold bull market has still a long way to go : : ..." I just bought some gold and silver last week , not a lot but just for a variety of reasons , if they go down I am gonna buy more yes , the bull market in Silver has a long way to go ....paper money is being debased all over the world , no paper money is sound , virtually no paper money is sound anymore we're having shortages developing in silver , a lot of speculation ...no the world a lot more inflation a lot more currency debasement , don't sell your silver ..."

DON'T SELL YOUR GOLD AND SILVER, KEEP IT! IN FACT BUY MORE!!!!!!
Did you know that Gold/Silver has been money for 5000 years? Did you that 100 years ago $20 US bought you a suit or one ounce of Gold? Did you know that today one ounce will still buy you a suit, shirt, tie and shoes? But what can you buy with $20 US , Gold and Silver are real money ... paper money is just promises to pay nothing ... a dollar is actually worth about 4 cents and will eventually return to its intrinsic value and the Bankers know it. Its a CON GAME ... Bankers saying there is no Inflation and giggling back at the fed,

Peter Schiff Ultra Bullish on Silver

Economist Peter Schiff of Europac on CNBC 31 March 2011 answering questions about the Silver Supercycle and where he sees the prices of silver going after silver rose 22% in a quarter while gold remained basically stable...Peter Schiff : I have been riding this bull (Silver Bull) since 1999/2000 ...Silver  kind of has the best of both Worlds because it is an industrial metal and also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it ....the silver price is rising for the same reason that oil price is rising or agricultural commodities are rising , paper money is losing value , it is losing value because central banks are printing too much of it , that's not going to stop , look at the news you got today , you got higher than expected inflation coming out of Europe , you got the CEO of Walmart basically warning Americans to brace themselves for serious inflation he is looking for cross the board broad based increases starting in June


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