Friday, March 18, 2011

David Morgan : Silver has better dynamics than gold

silver guru David Morgan : Silver has better dynamics than gold


The U.S. Mint just reported another record, but this time it wasnt for gold. The Mint sold more Silver Eagles in March and in the first quarter of the year than ever before. A total of 9,023,500 American Silver Eagles were purchased in Q110, the highest amount since the coin debuted in 1986.the first thing Roosevelt did was declare National Emergency and institute Martial law the he ordered a reclaim of all the silver and gold the dollar will be worthless but he will pay for YOUR gold and silver in fair Government Terms and Prices
David Morgan :".....Silver has better dynamics than gold from an investment perspective, but fewer people are willing to invest in it. It's a smaller market and therefore more volatile. But the dynamics of silver are better, because it has every attribute of classical money that gold holds—that safe haven status—and it's better recognized as money on a global basis, not just a North American basis. On top of that, it has industrial demand, and most of those applications are price-inelastic, meaning demand will be there regardless of silver's price. So, long term, silver really does have a better investment profile than gold does.I'd say that more people are waking up to that fact, and I'll say it from empirical evidence as well...."

James Turk will rise to $8000/oz in 2013 2015 !

JAMES TURK : ..." I think it is - gold is the bedrock asset in your portfolio. You don't want to take risks with it so you have to be very careful how you store it and where you store it and thing that I always recommend is if you store it in a vault somewhere you always have to get third party independent verification that your gold and silver, if you own silver as well, are actually there in your name, recorded, not encumbered in any way and not loaned out by some bank. So I don't recommend storing in bank vaults, I recommend storing in private vaults like we do in Gold Money - we use a large Swiss company, VIA MAT International to store our customers' gold. So what you really want to do is be careful with your metal. You don't want to take risks with it and storage is an extremely important part of that component." he said in an interview with www.mineweb.com
James Turk Gold to shoot to $8000/oz Hyperinflation a sure thing : do not think gold is expensive , just keep on saving in Gold ....

Money doesnt make you rich : Robert Kiyosaki

Robert Kiyosaki :"...I have a friend who has an 8-year-old daughter, you know, and I went to her, and I wanted to test her financial I.Q. I held up a $5.00 and I held up a $20. I said, "Which one do you want?" And she already knew which was worth more. So I think the earlier, the better. The other thing my rich dad always taught me is that money doesn't make you rich, it's your habits that make you rich. So if you make a lot of money and you have bad habits, then your chances of being rich are very slim. So that's why it's not about money, it's really about financial management and good habits and also financial literacy, so at least you know whether your banker or your stockbroker or your financial planner or real estate agent is lying to you."

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