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.

How to buy silver bullion and coins

How to buy silver bullion and coins
Silver is getting up there in premiums pricing here in the states. Still looking around for good deals. when the" Royal mint "is advertising its coins on TV you know its time to SELL. This is 2004-6 in the property bubble. The pros have all bought very cheap and are looking to sell while the rest of us poor schmucks are panic buying incase we miss out.Its called a fluctuation. Professional traders buy cheap, whatch it go up, and sell at the right time. The amateurs get in late and either make a modest profit, or get scorched.

Eric Sprott : the real story now is silver

In an interview with the Canadian newspaper The Glob and Mail Eric Sprott Chairman, CEO & Portfolio Manager of Sprott Asset Management said that he believed that Silver is the real story now and it will out perform Gold :     "I think gold is the reserve currency today. There is not a currency in the world that it hasn't appreciated against by at least 300 per cent. And it has beaten every stock market. You can't even rent a safety deposit box in Germany because they are all full of gold and silver ... I am pretty convinced that gold will go a lot higher because it is under-owned as only 1 per cent of people's money is in it. It could go to $2,000 an ounce. I could imagine it at $5,000. I am not giving a time frame on that, but I could certainly see that happening. But the real story now is silver. Gold has traded at a ratio of 16-to-1 to silver in terms of price, but today it trades in the range of 50 to 1. I think the gold-to-silver ratio is going to go back to 16 to 1 given the passage of time, say three to five years. And I bet you that silver overshoots. The gold-to-silver ratio may even get down to 10 to 1. I believe that the price of silver has been suppressed."


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)