Saturday, November 26, 2011

Marc Faber : Gold in Correction Phase not in a Bubble

Marc Faber : ...All I can say is that Gold have done much better than any government bonds ...a lot of people think that gold is a bubble and so forth but that is not my impression , I want to tell you I was last week in TaiWan and later I was in South Korea I gave two conference presentations and I asked the audience how many of you do own some gold ? and in TaiWan I think there was one participant that owned any gold and in Korea in a room with may be a thousand people not a single person owned gold you understand had I asked the question in year 2000 how many of you own the Yahoo type of stocks the whole room would have said yes we own it

Bob Chapman - The Sovereign Economist - November 23, 2011

Bob Chapman : there is no solution for the economic problems in Europe , the situation is not improving it is getting worse , we are going to have climbing inflation climbing unemployment you have to ensure yourself , if you have more money after you purchased dehydrated food and water filters buy gold and silver coins bullion and shares says Bob Chapman of the International Forecaster ....

Friday, November 25, 2011

Kiyosaki : I love debt , I am a debt guy

Robert Kiyosaki : Well, the thing of it is, already, what’s happening is food’s going up and the reason food’s going up is simply because all the farmers are old. The average age of the American farmer is almost 60. But, also, is, you know, as oil prices staying, let’s say about $85.00 a barrel, that affects not only fertilizer, but transportation costs. So, like it or not, food’s gonna go up regardless. And look at the other side of it ‘cause I’m a debt guy. I love debt. You know, that’s why I buy large apartment houses with 100 percent financing. And because I’ve been in real estate and I can cash flow a property and all that, the banks are just giving me all the debt I want for like, you know, five percent, six percent. And this is fabulous. And, to me, you know, I’ve been just an advocate of financial education for years and I said, “Why doesn’t our school have financial education?” Our leaders don’t have any financial education, that’s for sure - in Goldseek Radio Interview

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.

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