Silver guru David Morgan and Premium Exploration President Del Steiner setting with Al Korelin to discuss the budget cuts , the ongoing U.S. financial crisis and how these woes have created the perfect storm for Gold and silver which prices are expected to shoot to the moon .
David Morgan : ..."...we are having a budget deficit situation that unsustainable in fact at this point in time it is mathematically impossible to pay it off , and when you look at the budget cuts they're meaningless " " These budget cuts are absolutely a farce relative to the amount of deficit spending that's going on in this country for so long "
Friday, April 15, 2011
Robert Kiyosaki : Unfair Advantage The Power of Financial Education
Robert Kiyosaki : The Financial education is your biggest asset
Robert Kiyosaki : "Financial education is the answer to all 5 scenarios. Knowledge helps you over come everything, not just one thing." via his Twitter feed , "What the rich teach their kids about money that the poor and middle class do not,"Robert Kiyosaki : you need to learn how to leverage , how to get greater income ...a house is not an asset , there will always be boom and busts , the rich will get richer simply because they can print money faster than a person working for it can earn it...The US uses 18 tons of ink everyday to print money they are printing money 24/7 , for every dollar we have in America 4 dollars are outside the country and we do not know what they are doing with it ...there is so much of the reporting that it is not accurate and that's why we need to be smarter today ...you need to keep increasing your money because the government will print it faster than you earn it ....The biggest predatory animal out there is the government ....If China will say we are not going to lend you any more money they'll have to raise taxes ...savers are losers , when you put your money in the bank and you get 5% interest , while inflation is actually at 15% , your purchasing power will continue to decrease the fixed income the poor the retired they are in big trouble right now...the greatest asset is the financial education....money is not money it is a currency after 1971 ...the 401K is the most highly taxed vehicle you could put your money into ...real estate is taxed zero , you can make millions of dollars taxed zero legally ...if you wanna lose weight you should not starve yourself it makes the problem worse , so I do not believe in living below my means ......
The Run Up in Gold continues
Alex Latzer, head of metals & mining research at Daiwa Securities, believes gold will peak sometime in the middle of 2011 as we normalize interest rates higher , the factors for the gold prices surge are the rising Inflation in the emerging markets ,the anxiety factor in the market , the large debt out there , In the last year spot gold was up 27.52% and spot silver was up 130.45%
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