A 401K is only good for people who are planning to be poor when they’re retired

Robert Kiyosaki : Life is a point of view, you know, and which side of the view are you on? You’ve really gotta be playing the game from the side of the rich ‘cause if you’re not, you’re getting crushed right now. Buy a house – that’s a joke. Get out of debt – that’s a joke. You’re supposed to be getting into debt. And you put your funds, your money, in say in a 401K and a 401K is only good for people who are planning to be poor when they’re retired. So, I don’t have any plans of being poor, so I don’t have a 401K. If you’re not gonna get educated and understand that the whole game is rigged by the rich, and once you figure out the rules of the rich, then you play by the rules of the rich. And everybody else is kind of just being whip-sawed right now and it’s quite a tragedy. We haven’t seen the worst yet. You know, there was a Great Depression? Well, the new depression is gonna make the Great Depression look like a golf visit. - in Goldseek Radio

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.

Bob Chapman - The Financial Survival 21 Nov 2011

Bob Chapman : what we are seeing here is a coordinated effort not only to knock down gold and silver but also oil , and most of it pertains to MF Global , the law suits have start some already start getting their money back ...Moody's threatens to degrade France credit rating , the socialists lost in Spain to the PP the Popular Party which many believe has still some fascist elements in it ...

Gold down below the $1700 mark

The price of gold down the Comex in New York, bullion for delivery in December down to $ 1,677.20. Silver is also down to $31.56 . CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.commodities price drop (gold/silver) is basically investors trying to accumulate cash to buy treasuries for safety. This has everything to do with gov and bank default scare and not safety against fiat. ...But why are we talking about bank failures? Last time we had a banking crash gold and silver completely pooped along with everything else. So what does the physical investor do? Buy big on this drop this could be your last chance