Friday, June 22, 2012

Robert Kiyosaki on Oprah

Robert Kiyosaki message is "why struggle for money when you don't have to ?" , your house is a liability not an asset , it is the biggest middle cl;ass trap . Make your money work for you do not work for money .Debt is Modern day slavery. Your property overtaken and sometimes your human rights such as prosecution from prison can be easily be very close. invest only as much as you could afford to lose. Also make sure you have enough remaining to start again at least once more. If you fail a second time then get a regular job.

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.

Marc Faber: Gold Not necessarily the Best Asset

Marc Faber: I do not think it (Gold) is necessarily the best asset. What I am suggesting is that people should diversify their assets and should own some gold compared to paper money. Over time central banks will continue to print money everywhere in the world. Therefore, the purchasing power of paper money will decline. So I would own some gold. We are in a correction period and we may still go lower. But on this weakness I would continue to accumulate gold. - in ET Now 21 June 2012

Thursday, June 21, 2012

Marc Faber Bullish on Gold Shares

Marc Faber : I am also warming to Gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated. Goldcorp [GG] is attractive because most of its properties are in the U.S., Canada, and Mexico. The company isn't exposed to regimes that are talking about nationalizing resources. In general, stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term. - in Barron's Roundtable - June 2012
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