Friday, April 1, 2011

James Turk : Gold is not a commodity its money


James Turk in in Madrid 25 Nov 2010 speaking in a conference about What is Gold : Gold is the most misunderstood asset class he says Gold is not an investment it is not volatile in fact it is not even a commodity on the same sense james Turk in another interview with www.mineweb.com called Gold not a commodity but money , James Turk : ....... because gold is not like other commodities. Gold is in fact not a commodity it's money. It's a tangible asset like other commodities but it is in a different asset class within this tangible asset group. Commodities are consumed and they disappear, gold does not get consumed, it doesn't disappear, it continues to be accumulated every year, there's about 1.5% more gold added to the above ground stock of gold - and the reason why gold is accumulated in this way is because it's money and as a consequence it has an interest rate structure that is determined by the market, so gold should be in backwardation even though interest rates don't show it.

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,
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