Robert Kiyosaki : Our Childrens Future in Our Hands

Robert Kiyosaki speaking about the The 4 People in our Lives


Robert Kiyosaki : Yeah, I recommend three piggybanks. One piggybank says savings, one says tithing or charity, and the third says investing. And what I recommend is, even if it's just a penny a day, have your child put one penny in savings, one penny in charity, and one penny in savings. As a parent, you should do it, too, because kids copy you. It's not the dollar amount, it's the habit you're developing of paying yourself first, and charity is paying, you know, your spiritual guide, be it God or give it to a church or give it to a charity, but you're teaching a child very good habits of paying themselves first before they spend everything. And so I'll say it again, it's not the dollar amount, it's the habit that make you rich or poor.

David Morgan on The Asian Demand for Gold and Silver

David Morgan and John Doody on The Asian Demand for Gold and Silver - Financial Sense Newshour Mar/18/2011
China has been stockpiling gold since 2003 China has been buying via government channels from South Africa, Russia and South America . China is the world's largest gold producer and does not permit exports of gold ingots, only jewelery, leaving plentiful supplies for the domestic market.China produced 282 tonnes of gold last year,Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.

Asian demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.

Lindsey Williams : Silver will go to $100/oz

Gold & Silver prices "You have seen nothing yet": says Pastor Lindsey Williams the plan by the global elite to sabotage the dollar, destroy the economy and America by 2012. For the next 10 years silver will be like 2 steps forward 1 step back. But will probably be more like 5 forward 2 back. Their may be one big dip & many chickens will flap & sell, only to regret & see it shoot beyond imagination. You have to look at the industrial & technical revolution & the global economic crisis. After doing my research I don't give a dam if silver goes down, as eventual fiat currency is going to 0, it's a possible small loss or loose everything, whats the fuss.



Gold production is decreasing due to few great Gold mine discoveryes. Witwatersrand played a big rule in gold offer since 1970 and people investing in Gold should observe the whole around this metal. I have seen predictions of Gold falling back to USD 300/oz (speculation) and I have also seen predictions for Gold reaching USD 9000/oz considering industrial consumption and mining supply. Gold Mining production is around 2500 ton/year and demand around 3800 ton/ year. Take your own conclusions.
The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, (241, 207, 076 oz) the US gold holdings are worth approximately $337.67 billion. This massive gold reserve would have to increase 40 times just to cover the debt !! That’s $56,000 a once. But the us already defaulted on its gold reserves back in 1971. So whatever the us has or doesnt have in gold isnt being sold. Roosevelt already defaulted on gold back in 1933. Nixon defaulted on foreign creditors in 1971. Assuming the us still has gold, how much dollars must the us print in order to turn 300 billion dollars worth of gold into 14 trillion?