Dec. 14 2010 | "We now have an environment where gold can go up when the dollar is rising and falling," Michael Lewis, head of commodities strategy at Deutsche Bank.
Tuesday, December 14, 2010
UK House Prices Continue to Fall
Dec. 14 2010 | “There is still some weakness in pricing terms and that largely reflects that there’s still more supply coming on to the market,” Simon Rubinsohn, chief economist at RICS said.
Robert Kiyosaki : All silver stockpiles have been depleted
A crisis looms. Supplies of silver are quickly disappearing as the worldwide market demand continues to grow. New high-tech uses for silver and the demand outpacing the annual production every year since 1990 is causing the depletion of silver's above-ground stockpiles.
Once the largest stockpile of silver in the world, the US government dumped multiple billions of ounces of silver over the years into the world market thereby depressing silver prices. With no stockpile, the US is now purchasing silver at current rates.compared to gold, silver is cheap.Silver is on its way to $50/oz
Kiyosaki knows what he is talking about. I've read some of his books and heard him speak at a weekend conference. Listen to him. Read and heed. RN Gotta have both gold and silver. They both have advantages and disadvantages, but, if you can afford to have both, do so. How much you have of either depends on how much wealth, (or lack-thereof), you have. However, as he said, (these are my order of priority); food, ground, arms, gold, and I would replace owning gasoline with owning silver. How do you store 1,000 gallons of gasoline? Silver price-appreciates, and other people will take silver as payment for whatever, including gas
Once the largest stockpile of silver in the world, the US government dumped multiple billions of ounces of silver over the years into the world market thereby depressing silver prices. With no stockpile, the US is now purchasing silver at current rates.compared to gold, silver is cheap.Silver is on its way to $50/oz
Kiyosaki knows what he is talking about. I've read some of his books and heard him speak at a weekend conference. Listen to him. Read and heed. RN Gotta have both gold and silver. They both have advantages and disadvantages, but, if you can afford to have both, do so. How much you have of either depends on how much wealth, (or lack-thereof), you have. However, as he said, (these are my order of priority); food, ground, arms, gold, and I would replace owning gasoline with owning silver. How do you store 1,000 gallons of gasoline? Silver price-appreciates, and other people will take silver as payment for whatever, including gas
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