Saturday, April 30, 2011

Bob Chapman : we are going to have QE3 and an Inflation never seen before

Bob Chapman - Kerry Lutz Interview - 04-28-2011

Bob Chapman says that he acts as a contrarian , ' when the herd and the tribes are going west I am heading east' he says , that's a perfect contrarian strategy , people do not have a clue of what's they are doing they do not know history of gold silver and precious metals economics finance says Bob Chapman of the international forecaster they do not know that the markets are rigged under executive order , the financial terrorists are hammering gold and silver markets right now , but this will come to an end soon...we are going to have QE3 and an Inflation never seen before..I am long and I have been since 1976 says Bob Chapman , there is no resistance at $50 in the silver market...

James Turk - no resistance as Silver nears uncharted territory

James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...

Robert Kiyosaki : There is a loan for everybody

Robert Kiyosaki : ...You generally need 'A’ one credit if you are going to a traditional banker and it’s good to have 'A’ credit; but it’s not an excuse for not having it. There is a loan for everybody. You can buy a dodge truck with bad credit. The whole economy since 1971 has been based on debt; so our dollar bills are no longer money our dollar bills are now debt. For this economy to keep expanding, they need more and more people who are willing to go into more and more debt, which is why there is going to be a massive crash. It can only go so far


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.
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