Tuesday, June 28, 2011

Silver Chinese Panda 2011

Silver Chinese Panda 2011 III : Premiums in China are high as the demand is high . There are two types of 2011 Panda Coins. One with big eyes and the others have smaller shaped eyes. I am not certain that these are error coins or if it may be one mint producing big eyes while the others are producing normal.I have 2 Chinese Panda's (2011 and 2010) and I really like them. They are quite beautiful. However they do carry a premium here in the States. Enough so I treat them a little more like collectors coins than bullion. For just holding silver I bought some Silver Eagles and Silver Maples.Imagine if the Pound Sterling was still One Troy Pound (12 Troy Ounces) of .925 Sterling Silver !!!!!! (About 240 of the current fiat pounds.) How much petrol would that buy?


Robert Kiyosaki : How to survive the Coming Economic Collapse

Rich Dad Robert Kiyosaki and his entire adviser team discuss how they have prepared for the coming depression:
- Year's supply of food
- Guns
- Gold & silver
- Cash on hand

They speak of the coming depression (inflationary or not it's going to happen), shutting down the credit card system, and higher taxes no matter what. Budget-cutting police forces promotes lawnessness.

What scares me now is these are not some local yocals on youtube speaking their wacky thoughts. Instead, these are calm, straight speaking, successful businessesmen in the know, telling us what they have done. We should take notice. They are prepared.



The following are 11 of the best Kiyosaki "sound bites" from the video below....

#1 "when the economy crashes as we predict"

#2 "the crowds come rushing in to buy gold and silver"

#3 "we could either go into a depression or we go to hyperinflation"

#4 "or we could also go to war"

#5 "buy a gun"

#6 "I'm preparing"

#7 "I'm prepared for the worst"

#8 "so come to my house and I'm armed and dangerous and I'll welcome you"

#9 "we have food, we have water, we have guns, gold and silver, and cash"

#10 "the credit card system shuts down, the world shuts down"

#11 "the supermarkets have less than 3 days supply"
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.

Silver Extreme Volatility & VAT Tax on Silver in Europe

James Turk, Director of The GoldMoney Foundation, and Ronald-Peter Stöferle, of Erste Bank, talk about the silver and its high volatility , both agree that silver will outperform gold on the long run over the course of the bull market , Ronald says that he is not sure that we will go to gold silver ratio of 1 to 15 as many people argue , because he stated we had a very low ratio between gold and silver during the bi-metalism time and afterward the market kind of chose gold as the prefered store of wealth . Ronald thinks that people should hold both 2/3 of Gold and 2/3 of silver is Ronalds preferred ratio . in ther UK the VAt is 20% which is discouraging many people to invest in Silver

The 15 to 1 ratio has been the norm for most of the last 5000 years. Currently, 44 to 1 is an aberration. Since industry has consumed 43B ounces in the last 60 years, and silver has been extracted from the ground faster than gold, the underground ratio is probably 10 to 1. This will eventually be the accepted valuation. Thus I recommend a portfolio with 90% silver and 10% gold.
Silver Extreme Volatility & VAT Tax on Silver in Europe
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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