Barclay Scandal Ultra Bullish For Gold Prices

Jeff Dunphy - Gold Radio Cafe - July 6, 2012 Barkley scandal added to more Quantitative Easing will boost the gold prices higher and higher

Financial SCANDAL: Bob Diamond CEO of Barclay, too old for PRISON? In this episode,Jeff Dunphy on Gold Radio Cafe discuss 'scandals' for the big guys, 'crimes' for the small fry and they also examine the worst businessman of the century.The interest rate rigging scandal at Barclay's, has led to a resignation of Chairman Marcus Agius, in an attempt to take the heat off of Bob Diamond, the companies CEO. The interest rate rigging scandal, has dealt a huge blow to Barclay's reputation and it is most likely, that other institutions, that were involved in the rigging process, will have to undergo scrutiny by the authorities. Barclays has officially admitted, that some of its traders have been manipulating the LIBOR rate, which is the benchmark for prices, on about $350 trillion of derivatives and other financial products. This new scandal is certainly not helping the banking industry, to redeem its reputation in our eyes, and investigations will continue into other major banks, such as Citigroup, HSBC, UBS and RBS.

Jim Rogers: The Huge Gold Sell-Off Might Only Be Halfway Done

Jim Rogers : "I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction.
"Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40 percent. It's just the way markets work."
I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade. - in OilPrice.com

We are Preparing for Economic Collapse - Robert Kiyosaki

The credit cards and grocery stores came later and our dependence on them is our weakness. Getting of our backside and growing our own food can keep us self--sufficient. Don't worry too much. We already grow our own vegetables and it costs very little. Invest in land and grow your own food. Its cheaper.we need to find a way to band together. these guys are basing their survival solely on the self. I hope other People survive too. Not just me. I think my odds are better that way. Who is going to sit in a pile of smoking ash counting their money?

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.