Bob Chapman explains why the ETFs SLV and GLD are going to go bankrupt unless the fiat money printing presses keep supplying them with new cash to buy-off the traders who are Long in gold or silver.
Chapman says SLV and GLD have no metals or at best, very little at all.Bob Chapman puts it together concisely , we do not have a free market anymore in America we have a corporate fascism
Beware if you have investments in SLV or GLD."Assist JP Morgan.....buy Silver.
Monday, April 18, 2011
I can get richer faster on borrowed money - Robert Kiyosaki
Should people cut up their credit cards and live below their means? Robert Kiyosaki : “Me personally; no, but some people should. If you can’t control your credit card spending and you are deeply in debt, you definitely need to cut it up. For me, I don’t process or think that way. For instance, I don’t save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don’t have to save money. If I need money, I will go out and borrow it. I just bought an eight and a half million-dollar investment property; how long would it take for you to save eight and a half million dollars? How long would it take for you to borrow it? Two weeks maybe? So, who gets richer faster? That’s why I have a hard time when they say, Save your money and max your 401k.’ For ninety percent of the people, that is good advice; but you are not going to get rich doing that.”
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Gold chasing the $ 1,500 mark
Gold Rally has touched today the psychological threshold of $ 1,500. In New York quotes splashed to $ 1,498 after the S&P Standard & Poor's has revised to 'negative' its outlook for the United States economy .Gold, has a strong correlation with the greenback and crude oil, The Dollar is weak and the crude oil is heading to $150 (according to analysts ) all bullish signals for the Gold . there is also the demand from emerging markets for the physical gold as multi-trillion dollar foreign exchange reserves from emerging economies chasing spot gold markets which fare in billions of dollars. The percentage of reserves in gold of emerging economies is still 1.5 to two per cent of their total reserves.Silver prices also continue to move higher
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