Tuesday, May 8, 2012

The COMEX cannot deliver says Kyle Bass

COMEX is leveraged too high for Kyle Bass . Kyle Bass explains the COMEX Fractional Reserve Bullion at AmeriCatalyst 2011, which took place Nov. 6-8, 2011, in Austin, Texas.What happens to the gold stocks when more than 4% of the people take delivery and the COMEX defaults? They become worthless because it would take a couple of years to deliver all the existing ones, problem is it won't happen. If there is a large demand for deliveries the clients will be promptly paid off and asked to go do business directly with the miners. Miners deal in reality and metal bankers deal in paper and fiction. This is what Kyle Bass has been complaining about for years...after no one listening, I guess he made his point pretty clearly....'if the system screws you, then you screw the system'

Monday, May 7, 2012

Robert Kiyosaki on Silver

Sooner or later, silver will easily go to $100 per oz.silver is running out and there's QE3 is going to happen more money devaluation, there's not enough silver and gold for everyone, less than 1% of the world is investing when 20,50, 70%+ of the world starts to buy where will the price go. Watch in the coming months where all precious metals will go. .

Robert Toru Kiyosaki (born April 8, 1947) is an investor, businessman, self-aid writer, motivational speaker and inventor. Kiyosaki is greatest recognized for his Rich Dad, Very poor Dad sequence of motivational guides and other material. He has written fifteen books which have blended product sales of more than 26 million copies.[one] Though starting as a self-publisher, he was subsequently printed by Warner Textbooks, a division of Hachette Guide Group USA, currently his new textbooks seem under the Prosperous Dad Press imprint. 3 of his publications, Wealthy Dad Very poor Dad, Prosperous Dad's CASHFLOW Quadrant, and Abundant Dad's Guide to Investing, have been on the leading ten very best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Occasions. The guide Wealthy Child Sensible Child was published in 2001, with the intent to assist mothers and fathers educate their children financial ideas. He has designed three "Cashflow" board and software games for adults and children and has a series of "Abundant Dad" audio cassettes and disks. He also publishes a monthly newsletter.

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 : Gold & Silver markets are manipulated

Bob Chapman : Gold and silver markets are manipulated, but so are most other markets as well. Under Executive Order 12631 the government does as it pleases in markets. I have the order right here. It is entitled "Working Group on Financial Markets" and it came into force on March 18, 1988 signed, unfortunately, by Ronald Reagan. It's very short and you could reprint so that your readers understand the full extent of what's going on. This is by no means a dead letter. When you combine this authority with the authority of the Fed to create money, you are basically dealing with a fairly well-controlled system. It's certainly not what it was. - in Daily Bell
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