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In Order To Socialize Monetary Knowledge |
Poor Man's Gold |
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New 2011 - 07 - 24: [01:00 pm] A website you should be wasting time on every now and then: http://www.1stmillionat33.com/ The name of this site is pretty catchy, I know, but the guy who makes it has indeed some good pieces of information to offer, regarding investing, personal finances and wealth building. We don't share many of his thoughts when it comes to gold and silver, since he more seems like a paper trader who got caught on the wrong foot a couple of times, but he has to offer a lot of interesting stuff you should consider reading if you intend to manage your finances on your own. Investment knowledge and investors education at its best. (ME)
New 2011 - 07 - 14: [04:15 pm] John Embry: Mining Shares Will Be Like Internet Stocks in the ’90’s
New 2011 - 07 - 13: [05:30 pm] Chris Duane: 11 Silver Investor Mentality Shifts Must Read! 1. Physical investors who have been stacking physical silver will be stunned by the sudden appreciation. It will be akin to someone winning the lottery. They will shocked at the enormity of their new found wealth which occurs at the same time the economy becomes an absolute horror show. A shift in the perception of wealth will confirm that they are holding something truly precious. The years of being told they are crazy for buying silver will finally give way to, “you were right.”After the shock wears off, these newly minted kings will seek to make the most off of this once in a life time opportunity. These men were astute enough to buy silver when everyone said they were nuts, they are certainly now not going to give up what they have for some dirty dollars that they did not want years ago. They will wait for something much, much better. They will not see immediately many opportunities to invest their new wealth in, because the final throes of the debt based economy will be horrific. No one will invest when it is not certain what will happen to humanity. They will have no choice but to wait until the act plays out and the music stops. Are you ready to take the lead, silver bugs?
New 2011 - 07 - 09: [11:45 am] For those who are still totally into that whole real-estate and house-owning thing: 30 Reasons To Get Out Of Real Estate And Into REAL Assets
New 2011 - 07 - 07: [03:45 am] Mike Niehuser: Mining Stocks Are Not Reflecting Record Gold Prices Stocks such as Harmony Gold definitely have to make up leeway.
New 2011 - 07 - 05: [12:15 pm] Pretty good advice from forbes: Investors: Get Educated Despite the big changes afoot, an alarming number of individuals are still uneducated when it comes to the basics of economics, personal finance and investing. Now, more than ever, financial education is accessible; yet few are using the tools to increase their wealth. The way we usually call these 'uneducated individuals' on Silver-Info is 'sheep'. Therefore our main focus is on "Educating people in terms of finances, fiat money and precious metals", in order to reduce the number of sheep, to get at least a handfull of them to invest their money in gold and silver. Those who act accordingly and concentrate their money in precious metals, will become quite wealthy, just like other investors (and Silver-Info readers), who already became millionaires after allocating a nice sum of money into the precious metals some years ago. Many of them were able to quit their jobs since then. Congratulations to them! ....and hopefully there are many more to come.
New 2011 - 06 - 30: [12:30 pm] The sheep haven't understood anything at all: Despite Fears, Owning Home Retains Allure Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession. It's simply the prestige that comes with being a home-owner that seduces them over and over again to make bad investments. The worst thing of all is that some of them are aware of the fact that a house is a bad investment. They'd be able to buy the same house at one tenth of todays price, in 2-5 years. But hey, if they don't want to learn, we have to let them do their thing. The consequence will be that they are going to suffer massive losses again. Sheep simply remain sheep forever. It's time for them to get sheared...and skinned. The gold and silver bugs are ready to do this dirty work. Someone's got to pay our profits anyway. [12:30 pm] But beware of what they are offering to you: New investment strategy: Prepare for end times "Clients are suddenly realizing the world isn't as rosy as it's been," said Ahmed Fattouh, a hedge fund executive. "It makes a lot of sense to have these tail protections on." It took them quite a long time to realize this. If they had been visiting silver-info more often, they would have been aware of the situation and what to do best, a lot earlier. These funds and offerings, usually costly and complicated, can be likened to insurance. Investors lose money on them during normal times, but they stand to gain if catastrophe strikes. Never EVER invest in any of their financial products! Doesn't matter whether they are linked to a catastrophe scenario or not. It's still a fact that all they are trying to do is squeeze the money out of you, by earning commissions and bonuses. You can protect your wealth against a potential catastrophe a lot easier, without someone else trying to get a piece of your cake. Invest in physical precious metals - gold and silver - today. If you don't... ....YOU ARE DOOMED!
New 2011 - 06 - 26: [04:45 am] Video: WEBINAR: The Fundamentals of Precious Metals Investing with Jerry Robinson and Tom Cloud
New 2011 - 06 - 23: [09:15 am] Don't panic, buy some quality gold stocks [09:15 am] Yahoo! Finance: Retirement as we know it is "dead" An increasing number of Americans are worried about their retirement. In fact, a recent Gallup poll finds retirement is the top financial worry in this country. The poll found that 58% of adults are "very/moderately worried" about maintaining their current lifestyle after they stop working. The number jumps to 77% among 30 to 49-year-olds. There's good reason to worry, says Michael Pento, senior economist at EuroPacific Capital. "Retirement is on life support, if not indeed dead as we know it today," he tells Aaron Task in the accompanying interview.
New 2011 - 06 - 21: [03:45 am] Frank Holmes: Will Gold Equity Investors Strike Gold?
New 2011 - 06 - 20: [07:45 am] The recent poor performance of gold stocks vis-à-vis the gold price is counter to historical trends and now may be the time for a major recovery in gold equities: Underperformance by gold stocks creates great buying opportunity No doubt - time will come when Gold stocks will outperform Gold again. It's still a good buying opportunity. Please keep in mind that Gold stocks don't replace the possession of physical Gold.
New 2011 - 06 - 17: [11:30 am] Interview with Chris Duane from don't-tread-on.me: Audio That boy says some smart things about the economy, the housing bubble and precious metals. Unfortunately, he set up his website pretty late (early 2011) and only kind of jumped on the silver train, even though he pretends to invest in it since 2005.
New 2011 - 06 - 16: [01:30 pm] Jim Sinclair: You're out of your mind if you sell gold assets now “The problem is so serious, the problem is so present time, the problem is so real that it has inherent in it the probability that the economy is not going to have a significant recovery for more than a decade. And the standard of living in the United States, the standard of many who are reading this now, especially those who have taken no measures whatsoever to protect themselves, who simply look at it as reading something of interest but not really acting on it, is going to be so significantly impacted as to make the middle-class or higher middle-class join the serf class. This is as serious as it gets. He's right to the point. If you don't act, you are doomed! And don't say we ain't told you later on. Red or blue capsule, you chose!
New 2011 - 06 - 14: [11:45 am] Another reason why FB must immediately go public in order to be sold to the sheep: Facebook Sees A Drop In Users We assume that the current owners of Facebook want to get rid of their shares, as long the market is still in a, let's say, 'normal condition'. As soon as an important currency starts to crash (dollar/euro), most people will lose their savings, so that they no longer have money to invest in Facebook. That's why Facebook has to go public as soon as possible, as long as the sheeple still believe that Facebook has an intrinsic value of $100.000.000.000 (in words: one hundred billion). It will definitely be interesting to see whether people still gonna check their Facebook messages during the very short breakes in their new jobs as fieldworkers.
New 2011 - 06 - 13: [03:00 pm] Video: James Turk and Egon von Greyerz discuss Gold and wealth preservation
New 2011 - 06 - 10: [05:45 am] Here's an opinion from one of our readers "I Love Gold & Silver", on Facebook June 5th 2011: "Gold is not an investment, it's money. It's fundamentally different from an investment...gold has no cash flow..it protects wealth - that's why it's money...when you evaluate gold you evaluate it against the other currencies... of the world...gold is undervalued...it does not increase your wealth...it preserves your wealth...whenever you have political control of the money the purchasing power of the money gets destroyed...runaway government spending is leading to hyperinflation....confidence in the USD is falling..precious metals have begun an explosion...what we have here is a historic moment...the game is up...it's going to end in an ugly way UNLESS you own gold and silver.... Thank you Silver-Info Thanks, we try to do our very best..
New 2011 - 06 - 08: [05:45 am] These kids are DOOMED: Is Increased Debt Inflating The Self-Esteem Of Recent Grads? "Debt can be a good thing for young people -- it can help them finance goals they couldn’t otherwise, like a college education,” said Dwyer, whose findings appear in the latest issue of Social Science Research, an academic journal. There you have it. The system tries to make you think that debt is a good thing. The system wants you to be indebted as early as possible in your life, because this will keep you working for the system, for the rest of your life. Younger respondents also separated debt into two distinct categories: good debt versus bad debt. “Good debt was for things seen as investments -- school loans, mortgages. Even credit card debt you were using to build your credit score could be seen as good debt,” said Barnhart. “But bad debt was seen as overspending on your credit card, whether for clothes or charging last night’s dinner." We would distinguish between good debt and bad debt the following way: Good debt is debt that someone else pays off for you, bad debt is the kind of debt you have to pay off all by yourself, which means,..that you're a slave of the system. If you have to be indebted at all, make sure that it's good debt! Let someone else pay it off! For the rest of you, who think that any other kind of debt than good debt is justifiable in some cases (school loans, mortgages): YOU ARE DOOMED!
New 2011 - 06 - 07: [02:00 pm] Good point: Avoid social network craze on secondary market: Macke One problem ist that shares aren't liquid on the secondary market. Furthermore, the only people who make money by investing in social networks are the early-stage investors and those who have any kind of information adavantage. If you have an information advantage, try to get lucky, if you don't, keep your fingers out of the game.
New 2011 - 06 - 06: [06:15 am] Michael Ballanger: Invest in gold stocks with ‘extraordinary management' to make hay this summer
New 2011 - 06 - 03: [09:45 am] A mail from one of our readers: "Hi That's how one should do it. Accumulating more physical metal is the only thing that make sense right now. Debts are rising everywhere, Comex silver investories reached an All Time Low, and the manipulated/artificial paper price of silver continues to decline while less physical silver is available, due to a very high demand all over the world. Makes no sense, right? That's why we keep doing what we've done for the last couple of years. Get more metal...
New 2011 - 05 - 31: [11:45 am] Don't let them fool you: Home prices: 'Double-dip' confirmed The index covers 80% of the housing market, and this month's report confirmed "a double-dip in home prices across much of the nation," said Blitzer. 'Double-dip' may be right, but what they don't tell you is that the second dip is going to be even lower than the first one. House prices have to come down a lot more before we start to talk about investing in real estate.
New 2011 - 05 - 28: [05:30 am] For those people who still have some doubts regarding precious metals investments: Why gold does well when other investments don't
New 2011 - 05 - 20: [12:30 pm] We think so: Precious metal miner bottom? For those of you haven't yet bought a couple of shares from good gold and silver producing companies: you should do so now. We are very bullish, especially regarding some gold stocks, which have to make up leeway in the next couple of months. Our favorites in the gold sector are Harmony Gold and Gold Fields from South Africa. We expect the HUI Gold Bugs Index to move up into the 800-900 points region. Many impatient investors have already sold their stocks because of the mellowing sideward movement that has been going on for the last couple of months. They won't participate in the next major upmove that is immediately ahead of us. So keep cool and get in now, some major profits are waiting for us.
New 2011 - 05 - 18: [12:00 pm] John Embry on why you should buy gold In this video, John Embry -- Chief Investment Strategist at the Canadian firm Sprott Asset Management -- discusses the reasons why people should own precious metals, and in particular gold and silver. In Embry's view, gold will gain in importance as a monetary asset in the years ahead, likely regaining an official role in the world's financial system.
New 2011 - 05 - 17: [03:45 pm] Some of that big boy business: From Buffett to Cohen, how big investors are betting
New 2011 - 05 - 03: [01:15 pm] Our favorite gold producer Harmony gold is expected to release the results for the first quarter of 2011 this Thursday: http://www.harmony.co.za/default.asp
New 2011 - 04 - 28: [02:15 pm] Rents will also come down in New York: How To Find An Apartment In One Of America's Most Cutthroat Cities Renting is definitely the better alternative right now and if you don't insist on living in Manhattan, you'll gonna get some better deals in Jersey or Brooklyn. Unfortunately for them, many people MUST move to a fancy place in Manhattan like Tribeca or Soho, simply because it is hip right now....it really is a problem when your ego is bigger than your pockets, but considering the fact that we're talking about a journalist, this in fact ain't really a surprise to us. Journalists know nothing about handling money reasonably, nor do they understand anything about good deals or good investments. The only thing that counts for them is prestige..and hey, a nice little flat on the Upper Eastside brings along a nice little dose of prestige.
New 2011 - 04 - 25: [02:30 pm] Barrick buys a copper mine: Barrick agrees to buy Equinox, outbids rival TORONTO (AP) -- Mining company Barrick Gold Corp. said Monday it has agreed to buy Equinox Minerals Ltd. for about $7.7 billion (7.3 billion Canadian dollars) in cash, topping a rival's offer earlier this month. The purchase price is $8.57 (8.15 Canadian dollars) per share. That's a 9 percent premium to Equinox Minerals' last trade last week. It's also 16 percent higher than China's Minmetals Resources Ltd. offered earlier this month. Such kind of takeovers of companies from foreign sectors make gold mining stocks less interesting - because of the dilution of the shares.
New 2011 - 04 - 23: [05:45 am] Doug Casey: Keeping Capital In A Depression
New 2011 - 04 - 21: [05:30 am] A reader question which might be of interest to some of you who are still undecided about the right moment to invest Goodday, We are new at this game and are wondering the following. We want to invest 10.000 euros in silver through Bullionvault, because the price is relatively low, then wait some time till the price again rises, and sell. When the price of silver falls again, to buy physical silver for the long term. Is this a good investment, idea or is it better to buy physical silver right away? Hope you can answer us soon, many thanks in advance for your time and advice. Kind regards, xxxxxxxxxxx Hi xxxxxxxxx,
New 2011 - 04 - 20: [01:30 pm] For credit sheep: How an Excellent Credit Score Can Save You Thousands "I could have ended up paying 18.9% interest on my car loan instead of the < 4% I am paying now." They are still waiting to get sheared and skinned. Just a little more patience please, your time will come.
New 2011 - 04 - 18: [04:30 am] Investment opportunity? GOLD BUGS INDEX (HUI): BUY, HOLD OR SELL?  The long-term average of 4.5 would mean a HIU at 780 points if the gold price stays where it is. Gold shares are still cheap.
New 2011 - 04 - 17: [12:15 pm] The gold cartel is suppressing the mining stocks either: Bob Chapman : Silver Miners Shorted By US Government ! [12:15 pm] That's how it goes: GDX (majors) versus GDXJ (juniors) Ratio Chart
New 2011 - 04 - 14: [01:15 pm] That's what we call an 'inefficient allocation of assets': 2012 Election Spending Likely to Top $8B
New 2011 - 04 - 04: [06:00 am] Comparing employees with entrepreneurs: where are the differences between these two groups of people? Employees can get rich by winning the lottery or by inheriting a fortune. Selfmade entrepreneurs get rich due to hard work and creativity. 1. Entrepreneurs always conduct a number of businesses – multiple clients, multiple businesses they are working on, or multiple products. So it just makes sense to become an entrepreneur if you consider yourself risk-averse. 2. Entrepreneurs profit from tax benefits which makes it easier for them to build up a fortune. As an employee you have to pay taxes on your income first and the rest can be used for investments. An entrepreneur does it the other way round: he makes investments first and then pays taxes on the residual money. 3.Entrepreneurs are protected due to the legal structures of their companies. A dog bites a man. The man wants to sue the owner of the dog, but the owner is a company. The company has no other assets than the dog itself. So everything the man could ask for as a compensation is the dog. The story is old but there is nothing to add. 4. Bullying or mobbing can’t do damage to entrepreneurs, because they own the company. Employees often have to spend 50% of their working time for fighting back mobbing attacks.
New 2011 - 04 - 03: [05:15 am] Audio: Five levels of financial freedom
New 2011 - 03 - 31: [05:45 am] Talking about our favorite gold producer: Bulls vs. Bears: What's Next for Harmony Gold? ...which by the way performed pretty good over the last week. And we expect Harmony to keep that pace, hopefully supported by a rising gold price.
New 2011 - 03 - 30: [04:30 pm] You can't burn money any faster than by buying a brand new car (Part 2) A new car loses at least half of its value within 3 years. I would really love to have as much money as those people who buy a new Chevy every 3 to 4 years. They own the car in a phase that shows the highest loss of value and then sell it when the curve starts to bottom out. You might bring forward the argument that the new car has a lower gas consumption, but this is irrelevant. Gas consumption is the most overestimated item of all those expenses a car brings along. Cost price and loss of value are by far the biggest items you have to calculate with, when you are buying a car. [05:45 am] Todays short lesson is about cars. (Part 1) A car is never an asset. An asset is something that appreciates in value or pays continuous dividends and thereby earns money for its respective owner. An asset doesn’t depreciate in value and furthermore it doesn’t create running expenses. Real estate, stocks, investments in bonds, oil, gold and silver can be considered as assets. There is only one exception that allows you to consider a car as an asset, namely when we talk about oldtimers, which appreciate in value as they get older and older. Every other car must be seen as the exact opposite of an asset, which is a liability. A liability is something that creates costs and to be honest, a car creates costs every single day. The car owner is burdened with running maintenance costs and the rapid loss of value.
New 2011 - 03 - 29: [09:30 am] Video: S&P, Crude and Gold "I believe none of the arguments from the gold bugs. I'm not gonna put it in my basement...", etc, etc, etc Gosh we love that dude. He's one hell of a paper tiger. At least his charts tell him to be long gold (right now).
New 2011 - 03 - 28: [04:45 pm] Interesting question: Which Stocks Are in Bill Gates' Portfolio? Part 1 1. Fomento Economico Mexicano S.A. | 2. SemGroup Corporation | 3.Ecolab, Inc. | 4. FedEx Corporation | 5.Coca-Cola Company | 6.Expeditors International of Washington, Inc. | 7.Exxon Mobil Corporation | 8.Waste Management, Inc. | 9.Wal-Mart Stores, Inc. | 10.McDonald’s We can't discover any gold or silver companies on the list. Well, if he wasn't Bill Gates, this would be the point where we'd start to feel really bad for this investor, but hey, who cares, he's Bill Gates. [05:00 pm] That boy Billy Gates seems to know this as well: 8 Reasons why silver is a best investment! Bill Gates owns over 10% of Pan American Silver (PAAS). Ah, we knew that Bill Gates is one smart kid. Seems like the list in the previous post is incomplete. [05:00 pm] Here's part 2 of Bill Gates portfolio: Which Stocks Are in Bill Gates' Portfolio? Part 2 Pan American Silver is still missing.
New 2011 - 03 - 26: [01:45 pm] That's what we said: Warren Buffett: Social Networking Sites Are 'Overpriced' "Most of them will be overpriced," Buffett said. "It's extremely difficult to value social- networking-site companies. Some will be huge winners, which will make up for the rest." The big money was already made with social networking sites such as facebook, twitter, myspace, etc, with many new billionaires being born, like paypal creator Peter Thiel or the well-known Mark Zuckerberg. But take myspace as an example for what can happen to these sites. Myspace was a really big deal 4 years ago, but competition became so strong, with many new networking sites popping up, that they weren't able to keep up. Today the site is more or less drying out. Companies like facebook (currently valued at about $55 billion) want to go public now and everything that happens is pretty much that the big boys, who have had a stake in the company since the very beginning, want to get rid of their huge amount of shares. Therefore they need a whole lots of sheep who are willing to buy their shares at completely unreasonable prices, but hey, what do sheep know about valuating companies:-) For sheeples it's an absolute 'must' to be the 'owner' of shares of a Web 2.0. company. They gonna get sheared and skinned just the same way they got skinned in 2000/2001.
New 2011 - 03 - 25: [06:30 am] Another nice way to save some bucks: Stop Paying Bank Account Fees – Best Banks with Free Checking Even though this is only an advice which helps to save you possibly some hundred dollars per year, it is still worth a lot more, because you have to remember: every dollar you save today is a dollar that can be invested and possibly turn into $4 tomorrow.
New 2011 - 03 - 24: [03:30 pm] We don't hope so: Is Harmony Gold a takeover target? Rumor has it that our favorite gold producing company "Harmony Gold" might be attracting the attention of some 'big' investors, due to its massive undervaluation, which we have already referred to a couple of times. The companies' stock price could easily double at this point, without any further support of the gold price itself. However, we'd rather prefer Harmony not to be taken over by another company, since we'd make a whole lot more money in next years with the company staying indepedent. [03:30 pm] About our favorite silver producer: 6th consecutive reserve increase keeps Silver Wheaton #1
New 2011 - 03 - 19: [12:45 pm] Buffett is leaving 'god': Goldman will pay Berkshire $5.65B to redeem shares
New 2011 - 03 - 13: [09:00 am] Have you ever thought about it this way? It’s Not What You Earn, It’s What You Spend.
New 2011 - 03 - 09: [09:15 am] "If you're tempted to do something silly, my suggestion would be to grab a piece of chocolate or go take a cold shower instead": When Watching Your Investments Can Hurt You
New 2011 - 03 - 08: [07:00 am] Goldrunner: Fractal Analysis Suggests Silver to Reach $52 – $56 by May – June 2011
Gold Denominated in South African Rand If Gold priced in Rand rises out of the ascending triangle to the upside as shown in the chart above, then SA gold stocks could start to rise in a momentum run analogous to their runs in early 2002 and in 2005/ 2006. The RSI has already broken out while price sits at the top of the huge ascending triangle. It is “3 touches and out for the PM sector” (as per Ciga Eric), and if so, this is the 4th attempt at the top of the triangle. In the 2006 fractal period I showed with Silver, above, Gold in Rand rose sharply higher out of a triangle formation sending the SA Gold Stocks into an upward momentum run which, historically, have very large 3rd wave runs that tend to move in sync with the HUI Index. Conclusion The PM sector upside looks like it could be explosive in the coming months just as in the 1979 fractal. I think is time to get positioned to take full advantage of the coming move. This is another reason why we like the SA Gold Stocks so much. We think they will outperform the other Gold Stocks distinctly in the coming move which will be really big. Harmony Gold and Gold Fields are our favorites.
New 2011 - 03 - 07: [07:15 am] Forbes: Consumer Products That Depreciate The Most (And Least) The first thing every soon-to-be investor must learn, is to make a distinction between "assets" and "liabilities". Taking Robert Kiyosakis definition into account, an asset is an investment in a product that pays constant dividends or increases in value, while a liability is something you have to put money into on a regular basis. For example, a car never is an asset.
New 2011 - 03 - 04: [04:30 am] This news should make investors happy: Silver Wheaton votes to pay initial dividend of 3-cents/sh RENO, NV - With US$428 million of cash on hand and one of the highest cash operating margins in precious metal, Silver Wheaton CEO Peter Barnes said now "is the ideal time for Silver Wheaton to implement a sustainable long-term dividend policy." Definitly one of the top-picks in the silver sector with one hell of a business model. [04:15 am] HSBC: Gold still a risk trade; silver just too hot LONDON (Reuters) - The financial and geopolitical backdrop has not deteriorated enough for gold to show off its safe-haven credentials and it remains firmly a risk trade, while the chance to get into silver may have passed, says HSBC. Good to hear that the bankers over at HSBC are still bearish on our favorite asset. The firm has taken a defensive view of the world and believes bullion is not the best way to profit from that stance, even though though HSBC Global Asset Management is bullish overall towards gold. It's crystal clear that they don't want their clients to invest in physical precious metals, because the bank is hardly making any bucks when people put their treasure in a safe. They much rather prefer to sell their crap to you, like funds or ETFs (which are in fact trojan horses of the gold cartel). Therefore it's so important to be predominantly invested in bullion, while it's possible to leverage your profits with investments in good mining companies.
New 2011 - 02 - 28: [03:00 pm] Why? Warren Buffett is bullish ... on housing
New 2011 - 02 - 27: [08:15 am] Cut right to the chase: As currencies fall gold will take an ever increasing role in global affairs No matter which currency you think of, in the end, all fiat currencies return to their internal value, which is - in fact - their paper value...so to speak, some cents. Some currencies depreciate earlier, some depreciate a little later. You are lost if you put too much confidence in paper values. Contrary to the dollar or the euro, gold and silver have been stores of purchasing power for about 5000 years and they'll continue to do so for the next 1000 years, at least. You should keep this in mind.
New 2011 - 02 - 25: [09:30 am] Mineweb: A good season for gold's top four [09:30 am] Mineweb: Goldcorp: Record gold output, record net earnings and new gold mines go-ahead [09:30 am] Mineweb: Newmont reports highest net income in 90-year history We expect a big Gold stocks rally in the next weeks/months. Harmony Gold and Gold Fields are our favorites.
New 2011 - 02 - 20: [02:15 pm] Why? 'Buy Everything' Sentiment Continues On Wall Street They should much rather buy physical gold and silver, instead of 'everything'. Cause in the end 'everything' will perform worse in direct comparison to precious metals. Sure thing. [02:00 pm] Mineweb: Update: Gold Fields beats analyst expectations This is another gold producer we have in our gold portfolio. The past performace has been pretty disappointing but this doesn't change the facts about this company, which speak for themselves. Contrary to other companies, Gold Field has so much gold in the ground that they'll still be producing the yellow metal when we are already ten feet under. Furthermore you have to know that they belong to the group of producers which have very high costs of production, currently $728 per ounce. This also means that they have an extremely high leverage on the gold price, to be exact, they have the highest leverage on gold - next to Harmony gold - of all the big gold producers. The higher the gold price goes, the more money Gold Field earns compared to companies with lower production costs.
New 2011 - 02 - 08: [12:15 pm] Good news: South Africa's Harmony Gold Q2 earnings double We've already written a couple of times that we like this gold producer very much, because of various reasons. Of course, we're invested in this company.
New 2011 - 02 - 03: [01:30 pm] Definitly worth a look: Top 15 Most Undervalued Gold Stocks by Analyst Target Price
New 2011 - 02 - 02: [12:00 pm] That boy Dan Goldie says a couple of things which are right: 5 key principles of investing ...but we definitly can't agree with him when it comes to the following points: 2. Diversify among stocks and bonds; buy both large and small caps; and value and growth. 5. Rebalance your portfolio. Somewhat counter-intuitively, Goldie believes in selling the asset classes that are making money and buying more of what's losing money. "When one asset class gets overweighted in your portfolio you want to trim that back. You're doing nothing more than maintain your proper allocation," he explains.
And this is the exact reason why people who belong to the middle class today will still belong to the middle class tomorrow (if at all). They put their few bucks in a lot of different asset classes in order to avoid risk. As Robert Kiyosaki would say, "they play the game in order not to lose". Contrary to the middle class, real investors play the game for only one reason: they wanna win! As Dan Goldie explains correctly, we do not get any financial education at school. Therefore most people have to rely on their bad bankster, who doesn't get paid for the performance he generates for his clients, but for the number of stocks/bonds/ETFs/whatever he sells. He gets paid from a third party, he does not depend on the performance of the financial products he recommended his clients to buy.
New 2011 - 01 - 27: [08:30 am] Seeking Alpha: Top 15 Most Undervalued Gold Stocks by Analyst Target Price
New 2011 - 01 - 26: [04:15 pm] A decisive question - consume it or invest it? How to Spend Money – What Would You Buy or Do with $10,000? "I know a lot of people would pay off debt with it, which is of course always an incredibly worthwhile way of using found money. " The majority of people (sheep) would definitly not pay back their debt. They'd run right into the mall to spend it all on whatever sort of trash you can imagine.
New 2011 - 01 - 24: [02:45 pm] Dailybail: Biggest defaulters on mortgages are the rich The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population. Those Silicon Valley workers may have a whole lot of money, but this doesn't mean that they are good investors. They made just the same mistakes as the average American did, take a look: “I’ve never seen the wealthy hit like this before,” Mr. Lowman said. “They made their plans based on the best of all possible scenarios — that their incomes would continue to grow, that real estate would never drop. Not many had a plan B.” Typical sheep behavior.
New 2011 - 01 - 19: [05:30 pm] We wrote a short and sweet article about how to make it, check it out: How to become a millionaire
New 2011 - 01 - 18: [02:15 pm] John Hathaway: Gold stocks excellent value at current metal price "While many observers feel that the gold rally has been overdone, is too crowded, resembles a bubble or whatever, the simple fact remains that central banks of the Western democracies appear on course to debase paper currencies. On the one hand, currency debasement is the path of least resistance to grapple with the seemingly intractable fiscal issues of record deficits and unchecked growth in entitlements. On the other hand, persistent economic weakness translates into political pressure for central banks to pursue extremely lax monetary policies. Under these circumstances, it is hard to argue against the notion that some exposure to gold offers protection against monetary damage still to come." So what does this mean for the investor? Well Hathaway and his colleagues at Toqueville argue that even if the gold price only remains flat, the right gold stocks can be excellent value in relation to the gold price itself. At a current gold price of, let's say $1400, lots of gold mining stocks are still valued as if gold would be around $1000. This means that there's an upside potential of about 100% for mining stocks at this point.
New 2011 - 01 - 04: [05:30 pm] The establishment propagating their 401(k) plans: Slow and Steady Saving Still Pays in the Long Run Slow and steady saving will wipe out the purchasing power because of inflation...have a look at the article yourself. No need for us to pick out certain parts of it and criticize them. All we have to say is... Fuck The Establishment! [12:00 pm] Facebook now valued at around $50 billion: Is The Goldman Sachs-Facebook Deal Making A 'Mockery' Of The SEC? Seems a bit like the final stage of the dot com bubble. Simply crazy.
New 2010 - 12 - 28: [02:00 pm] Some basic knowledge: How Do Banks Make Money? In order to be an investors, you first got to know where the money is coming from and how it is created. Mytwodollars gives a nice description of how things really work. Furthermore you should have a look at a couple of videos, which describe how today's fiat system was invented and how it works. Here's the link: Money as debt
New 2010 - 12 - 26: [08:30 am] Video - A massive shift in fund flows is currently underway among investors into Gold, Silver, commodities: Following the Fund Flows Charles Biderman CNBC The big money is now escaping from all paper into hard assets.
New 2010 - 12 - 18: [09:45 am] David Galland: Gold Stocks in a Failing Fiat Currency
New 2010 - 12 - 15: [07:30 am] Mineweb: Gold ETF momentum slows above $1,300 - can silver investment be sustained? At prices of more than $1,300, there have been purchases of 62 tonnes, but also sales of 58 tonnes, which could suggest that investor appetite is becoming sated. Either that or there is some profit taking as the year draws to a close, or that some investors are moving out while others are still moving in. Or some investors came to their senses and increased investments in physical gold and silver. We have to stress and warn over and over again that ETFs are nothing but trojan horses of the gold cartel. You never know how much physical metal is stored in their vaults, if there is a vault AT ALL. If the going gets hard you won't be able to claim physical delivery of the metal, cause there is going to be no metal in most cases. The only gold and silver you can really bank on is the physical metal that is stashed in your own vault or in a bank safe. All the rest is nothing but an empty paper promise.
New 2010 - 12 - 14: [08:30 am] It's possible, but you gotta be a maverick in order to reach this goal: Retiring in 10 Years? Uh-Oh. Your nest egg is a lot skimpier than it should be. Here's what you can do now. Imagine this scenario: You're only five or 10 years from when you hope to retire -- but your portfolio looks like it needs another lifetime to bulk up. What do you do? Many people, of course, don't need to imagine it. It's their reality -- the result of watching their investments get clobbered in the two bear markets of the past decade. And many others will face this sad state in the years ahead. Hm, I would have liked to pick the suggestions from the text, but what is recommended there, is nothing but juggling money from one pocket to another. In the end people lose their money anyways, through inflation or a haircut, which is likely to happen within the next years. My suggestion instead would be to sell your house today, which might still bring you a whole lotta money and then invest it in gold and silver. I know that selling your house is a hard thing to do, especially for elderly people, but this is not the time to be sensitive about such material things. Let's say you make $100.000 by selling your house today, put 50% of it in gold and 50% in silver, then multiply it by ten, which means that the rate of return will be around 1000%. This means that you are going to pull a mill out of this investment in, let's say, 2013/2014. This money should be enough to live in piece until the final curtain falls.
New 2010 - 12 - 13: [10:00 am] New York Times: A secretive banking elite rules trading in derivatives
New 2010 - 12 - 09: [04:45 pm] Big move ahead? Bulls in tune with Harmony Gold One of our favorite stocks, Harmony Gold, seems to break out explosively very soon.
New 2010 - 12 - 08: [05:15 am] We absolutely agree: HUI gold stocks index: You ain't seen nothing yet! Shares of the big gold producing companies are still pretty cheap, regarding the fact that they are valued as if gold would still be around $1000, even though it's currently priced at about $1400.
New 2010 - 12 - 06: [05:15 am] An awesome description why bankers absolutely don't understand what gold is about: Gold baffles banker bubble buffs Must read! LONDON - Bankers just don't really understand gold - although perhaps no-one truly understands its attraction. It is somewhere hidden deep down in our psyche. As far back as virtually any form of civilisation has existed gold has played an important part in attaining, displaying and protecting wealth - but it just does not tick any of the boxes into which bankers like to put financial instruments nowadays. Many bankers contribute to the theory that ‘gold is in a bubble' and perhaps the fundamentals would seem to support this case, but.... A few days ago I had a short and sweet conversation with a friend of mine, he's a banker. I already tried a couple of times before to explain to him why the whole system is doomed to collapse and what this will mean for our money and his money of course, too. I really just tried to focus on some important aspects which need to be known in order to understand the problem, like growth of the money supply, debt, compound interest and so on. I told him that it wouldn't hurt him too much if he at least purchased a couple of silver ounces, but believe me, it was like talking to a rock. You seldom see people that understand so little about money as an average banker does. Exceptions prove the rule, of course. There are hardly any words to describe their state of mind, which absolutely doesn't allow them to think straight. It's arrogance, blindness, stupidity, laziness... and probably a lot more. I really tried to urge him to make a move in the right direction, but he refuses to act, over and over again. This means that I can't help him. He wants to drown with the other 90% of the people. Good luck. For you this means that you should at least try to inform people that mean something to you, about what they have to expect from the future if they don't act now. Tell them to get their gold and silver, tell them to protect themselves against what is necessarily going to happen. Tell them that it will affect them much less if they do the right things today, which is buying physical gold and silver, now! (ME)
New 2010 - 12 - 05: [06:00 am] Casey Research: Expect extremely bullish action in mining shares Certain mining shares already blew up within the last weeks and they will continue to do so in the next months. Some mining shares which we like very much are: Harmony Gold, Gold Fields, Great Basin Gold, Great Silver Panther, First Majestic Silver, Silver Wheaton, Silver Standard. They are set to outperform the market on a short-term basis and in the long-term they have the potential to multiply their value a couple of times.
New 2010 - 12 - 04: [06:00 am] An awesome description why bankers absolutely don't understand what gold is about: Gold baffles banker bubble buffs Must read! LONDON - Bankers just don't really understand gold - although perhaps no-one truly understands its attraction. It is somewhere hidden deep down in our psyche. As far back as virtually any form of civilisation has existed gold has played an important part in attaining, displaying and protecting wealth - but it just does not tick any of the boxes into which bankers like to put financial instruments nowadays. Many bankers contribute to the theory that ‘gold is in a bubble' and perhaps the fundamentals would seem to support this case, but.... I had a little conversation with a friend of mine yesterday. He's a banker. Read what the conversation was all about on the 'home' page: www.silver-info.com
New 2010 - 12 - 03: [10:30 am] We expect the same: James Turk - Expect Extremely Bullish Action in Mining Shares
New 2010 - 12 - 01: [12:00 pm] MyTwoDollars Blog: Our Spending Habits and Priorities Are Totally Screwed Up “Just installed our new 50” flat-screen TV in the living room. Bring on Monday Night Football!” I’m not kidding. It’s not that they spent the money on the TV that annoyed me, as I myself have a big flat-screen TV in my living room, and it was worth the money. It’s that just a week later they were taking issue with spending $50 on school supplies for their child’s education! They would rather either have the kids go without supplies or have the teacher making $25,000 per year buy the supplies for their kids than shell out a few bucks to help out the classroom. This shows how brainwashed people are, especially the average ones, with a normal job, receiving their monthly paycheck, working from 9-5, consuming their asses off 24/7.
New 2010 - 11 - 30: [11:30 am] Uhh, big mistake: Why I Sold My Gold Since the dawn of this financial crisis, my portfolio has included an allocation to gold via the SPDR Gold Trust ETF (GLD). I viewed this as an important element of stability and protection and I believed in a longer-term story taking hold. Last week, I kissed the precious metal goodbye for now and this is my explanation as to my reasoning. Since gold is an emotional investment vehicle, let me make clear that my sale does not belie the fact that I believe gold will go down in price. From this point forward, it could just as easily go up as down and my sale is more a matter of the dynamic of the story changing and the opportunity cost of tying money up in gold while other better investments are calling elsewhere. First mistake, he invested in ETFs. You can use them to trade gold, that's fine. But by selling at this point he shows that he isn't yet aware of the unique situation we are about to get into. Second mistake, he doubts that the dynamic of the story continues to stay as dynamic as it has been over the past weeks and months. However, we see the dynmamic accelerating even more - which will carry precious metals prices to the next stage (on the upside, of course). Moreover, I believe that we are on the path to recovery and at the very least, are at a point where good companies can perform well even in a weak tape. Oh oh, path to recovery? With more and more unemployed people and even more people being on food stamps? We don't see the situation improving anytime soon. We see it getting much worse. When reviewing my gold investment recently, ultimately my reasoning unfolded as follows: “yes gold may go up, but in selecting the right stocks there is far more upside.” Wrong. Gold MAY go down, but it MUST go up. Of course indices like the Dow were on the rise and they'll continue to do so for some time (what else are they supposed to do with all this quantitive easing money pouring into the markets?), but he's only gonna be a real winner if he selects the right stocks in the precious metals domain, which will outperform the average market a couple of times within the next 3 years. The main problem is that people don't see the real trends, like the one in gold and silver for the last 8 years. We are in a historic bull market right now, which will peak at some point in the next 2-4 years. The best thing you can do when you are fully invested in such historic bull markets, is going to sleep, not doing anything...and then looking at the immense profits, after you have woken up. That boy who sold his gold woke up a little early, we're sorry.
New 2010 - 11 - 29: [04:45 am] King World News: John Embry: there will be a mania in gold and silver shares When asked if we will see a repeat of the mania from late ’79 early ’80 where the share prices of some juniors skyrocketed between 34,000% and 542,000% in price Embry replied, “I would say unquestionably. I have been quoted a few times saying 5 and 10 baggers will be commonplace but I honestly think that this thing is big enough that we will see valuations at stupid prices, the likes of which we haven’t seen since the internet craze. It will be of that magnitude I believe before this thing runs its course.” Nothing to add.
New 2010 - 11 - 21: [06:15 am] We'll see: Massive Stock Market Selloff Likely in Mid-2011! We think there will be no big stock market crash in the next two years. But of course there will be market corrections - stocks typically lose 5 to 20 percent of their value.
New 2010 - 11 - 19: [06:30 am] The sheep haven't learned anything: First day trading of GM deemed a success They already forgot that they got sheared two years ago.
New 2010 - 11 - 17: [12:30 pm] SafeHaven: Why buying bonds is a bad idea
New 2010 - 11 - 15: [02:30 pm] The Street: Market Bubbles That Could Soon Burst 1. Gold: The price of gold bullion has risen from $294 an ounce in 1998 to $1,404 last week, an increase of 377%. "It's the biggest, baddest bubble of them all," says Robert Wiedemer, author of Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown. Gold has no intrinsic value. A telltale indicator that gold is a bubble: incessant cocktail party chatter about buying gold and endless TV commercials offering to buy gold jewelry. The SPDR Gold Trust ETF is up 28% since the beginning of the year. Of course, there is going to be a point in the future when gold will enter bubble territory. But it will be the biggest bubble of all. The author tells us that there is already panic buying - "The SPDR Gold Trust ETF is up 28% since the beginning of the year." Moreover his interviewee claims that Gold is "the biggest, baddest bubble of the all". First, is there already panic buying? Ask your friends and family members. Are they already invested in Gold? Furthermore sometimes it's worth to examine the past: Gold and gold mining shares as a % of global assets Secondly, is Gold already the biggest, baddest bubble? If you have a look at the following chart, you will disagree: Gold/Silver vs 50 Historical Bubbles All in all we don't care about people writing such trash, because not only are we getting more and more money, but a bigger and brighter smile on our faces, as well. We know for certain Gold is nowhere near a bubble. The charts make clear that the best is still to come. Therefore we suggest to let them continue writing their articles, while we keep enjoying the increasing prices of gold and silver. In the end it's clear that we need people to buy our metals, as soon as the time for selling comes. These douchebags will do the job for us. They are going to belong to the group of sheep that will jump into the market at the very top, after prices have multiplied a couple of times in a very short period of time. GET YOUR GOLD & SILVER WHILE YOU CAN! (FR & ME)
New 2010 - 11 - 13: [06:00 am] Still unclear if IRAs, 401ks, and retirement savings still exist in some years: Retirement Drawdown: Tips to Make the 4-Percent Rule Work
New 2010 - 11 - 12: [08:45 am] What to consider if you want to invest: Investing in Gold and/or Silver Today is a Must Given Tomorrow’s Economic Realities!
New 2010 - 11 - 10: [04:00 am] We agree: The gold mining stocks are still cheap
New 2010 - 11 - 09: [09:45 am] The core investment anybody should have in his portfolio right now and throughout the next years is physical gold and silver. But there are some stocks out there which we like very much, too. Some of them are extremely undervalued. Take Harmony gold as a possible example. This company has relatively high production costs for one ounce of gold compared to other gold producing companies. But together with a rising gold price, it has one of the highest leverages of all the companies we are aware of. There is no need to predict prices, but if someone holds a gun at our head and urges us to make statement, we'd tell him that we wanna see a price of at least $50-100 within the next 2-3 years. [03:45 am] Dont touch this: Income Security in Your 80s, Bought in Your 60s Would you be willing to place a bet that you'll live past the age of 80? What about 85? A relatively new product, known as longevity insurance, allows you to put money on those odds — and the longer you can beat them, the more money you stand to collect. But the point isn't about making a ghoulish gamble. The insurance is a way to protect you from running out of money should you live to a ripe old age, though it turns your retirement years into something of a contest with the insurance company. Keep you hands of that stuff. Seems like a construction that was built to shave some real investment sheep. The only person that makes money from this vehicle will be the respective insurance adviser that earns a commission. Better buy some silver ounces, they are easier to understand than the just mentioned rubbish and a bet that's a lot safer than anything else. [03:45 am] Real estate in Australia: Luxury homes auction flops Why should it be different down under?
New 2010 - 11 - 05: [07:45 pm] Mike Maloney: BUY A HOUSE FOR $14,000! GOLD & SILVER VS REAL ESTATE [07:00 pm] Why does Warren Buffett gamble with these weapons of mass destruction at all? Berkshire Hathaway's Net Income Falls on Derivatives OMAHA, Neb. (AP) -- Warren Buffett's company posted an 8 percent drop in third-quarter net income Friday due to losses on its derivatives portfolio, but BNSF railroad and Berkshire Hathaway's many other operating companies performed well. He probably uses derivatives for reasons of hedging. But he would definitly have to hedge less if he would finally change his spot and buy some gold and silver. We understand that he didn't buy internet stocks 10 years ago, because he didn't understand the whole matter. But what is so difficult to understand about the gold and silver thing? We suppose he is aware of some really simple relationships, like compound interest, money supply, public debt, inflation and so on. Of course his wealth is protected to a certain extent, cause the majority of his money is in stocks, but they def gonna perform worse than gold and silver, which means that he's gonna lose some dough.
New 2010 - 11 - 04: [05:30 pm] Peter Souleles: Who Wants To Be A Millionaire? The word "millionaire" first made its American print debut in an obituary for Pierre Lorillard II in 1843 when he died leaving behind a fortune of over $1,000,000. He wasn't of course the wealthiest man of his time but then again a million dollars was a stratospheric figure for the average man. Since then, inflation has bestowed the title of millionaire on countless more individuals. In recent years most of them lived in Zimbabwe. In the future we will have to make a difference between fiat money money millionaires and gold/silver millionaires. The fiat money millionaires won't be millionaires in the sense of todays perception of a million dollars. However, the ones who have gold and silver will be the real millionaires, they will be the ones to make the rules, while all the others are working for them.
[02:45 pm] Nice approach: 8 Ways To Start A Business WITHOUT Going To A Bank
New 2010 - 11 - 02: [12:15 pm] Not to forget gold and silver in abundance: How to Make Your Money Last
New 2010 - 11 - 01: [05:00 am] True: The New Retirement Realities for Generations X and Y Young adults like us face tough financial realities today. For example, 10% of 2008 college graduates left school with $40,000 or more in student debt, and paying it off is harder than ever. Right, thats's why one should think about whether it is really appropriate for yourself to go to college. For some it is, but there are many high school graduates who go to college only because their parents want them to do so, or they are a bit lazy and don't wanna start to work yet (enjoy sweet college life) or simply for the sake of prestige. But you always gotta keep in mind that it's not your task to make the education industry even more wealthy and profitable. And yes, it is just an industry, like any other industry as well. 2) Our Social Security checks will come later and be smaller. There we go. 3) Taxes are sure to take a big bite out of our savings' worth. Exactely. That's why gold and silver is the number one solution to solve this problem for yourself right now. It's completely anonymous and nobody can take it away from you, as long as they don't know about it.
New 2010 - 10 - 26: [05:30 pm] Wall Street Journal: Over 50, Out of Work and Financially Squeezed After 20 months without a job, 55-year-old Henry Dietz has nearly drained his 401(k) retirement plan. He already has used up his personal savings, borrowed extensively, switched to a catastrophic health plan, which only covers medical emergencies, and even skipped family funerals because of travel expenses. If he doesn't find a job soon, he may not be able to make his mortgage payments and the family may have to "move back with Mama," says the married father of three from Raleigh, N.C., who was laid off from an advertising agency. He has done wrong pretty much everything you can do wrong. But he had a prestigious life for some years, so he can only put the blame on himself. 1.Mistake: He borrowed , 2.Mistake: made premature decisions (health plan) , 3.Mistake: he traveled, even though he was broke , 4.Mistake: why does he have a mortage? ...people must accept that taking a loan has nothing to do with being courageous or anything. Being in debt is NOT NORMAL, it's something you MUST AVOID, because this the final point which gives your life a completely different direction, cause it's no longer you who is in control of your life and your future, it's the bank that controls you. Taking a loan means that the rat race NEVER ends. [05:15 pm] NY Times: The broadening definition of insider trading [05:00 pm] We wish him the best: Buffett's Next Strategic Investment Warren Buffett's hiring of a relatively unknown hedge fund manager, Todd Combs, to help oversee Berkshire Hathaway's (NYSE: brk.a) overall portfolio came as a surprise to many. Hopefully this Mr. Combs has a crush on gold, otherwise he's gonna lose some money. [03:45 am] Just the beginning: 18 years of new condo supply unsold in South Beach The top neighborhoods weren't hit that hard from the bust of the real estate bubble. Not yet. There is still leeway to make to get to the point of a halfway reasonable valuation. What happens right now in Dubai might be a good indicator of whats to come for Miami South Beach, Beverly Hills and the upper west side in New York.
New 2010 - 10 - 24: [06:15 am] Still nothing you should invest in: Home Prices Double Dip in "Sudden Dramatic Drop"; 20% More to Come says Gary Shilling
New 2010 - 10 - 23: [11:00 am] Ben Davies: Out of Knowledge of Money Comes Freedom Good point. You gotta collect knowledge and know-how in order to become a 'sophisticated investor'. Therefore we suggest to read the following book: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! This book gives you a good overview of what distinguishes the investor, from the average mob on the street who has no clue about money. [10:45 am] A double-edged sword: How To Evade Taxes "The ultra rich have extraordinary means to engage in tax avoidance and evasion that ordinary citizens do not. In the first decades after World War II, the richest Americans began paying large fees to armies of professionals whose sole task was to help them avoid taxes." The rich will always find ways to save taxes, which the employees taking part in the rat race don't. If taxes for the rich are raised, they won't be concerned. But, people who don't have that much money yet, people who strive for higher income and a more prestigious position in society, won't have that much of a motivation to build their own business, because they already know in advance that the dollars they make from their own (potentially big) business will be heavily taxed. That would prevent many people from opening their own business....and the rich would be ok with that, cause they gotta be less worried to lose some of their money to people coming from the bottom...cause there will hardly be anybody coming from the bottom. [10:45 am] Because of the bond apes: Why government bond markets have become the latest mad and bad asset bubble As soon as the bond apes notice that a 2.5% interest can't compete with about 30% gold profits, they throw their junk away and escape into gold. That's when it's gonna get crazy.
New 2010 - 10 - 22: [04:45 am] For the sophisticated investor: Want Leverage to Gold and Silver? Go With the Juniors There are only about 5 in 1000 junior exploration companies finally reaching the stage of a real mine, with real output. This means that about 995 juniors go broke, earlier or later, and your investment is wiped out. Therefore it's indispensable to really investigate whether a company is worth a gamble or not, cause otherwise it'll be easier to throw money directly out of the window. That would safe you the order fees.
New 2010 - 10 - 18: [12:30 pm] Warren Buffett: Buying Berkshire Hathaway was $200 billion blunder [09:45 am] Perhaps even the only option: Early Retirement Is Still an Option Some smart moves today will result in early retirement tomorrow.
New 2010 - 10 - 14: [04:45 pm] Photos: America's 10 Biggest Landowners Owning some land is not too bad of an idea neither in the coming times. For example, you could offer jobs to former Goldman and JPMorgan bankers, eg as fieldworkers, harvesting potatoes. No joke. [02:30 pm] That's gonna be one bloody massacre: The junk bond bubble is set to pop [11:00 am] Gold, a true tower of strength: Gold as a hedge against tail risk "Between 2007 and 2009, an 8.5% allocation to gold was able to reduce the total loss in a benchmark portfolio by almost 5% compared to a similar portfolio without gold." If you're just a small guy from main street and in addition a very lucky guy, your bankster tells you to put 1-5% of your portfolio in gold, IF AT ALL. But that doesn't really make sense for small investors with small portfolios, since there are some costs related to gold investments, such as storage and delivery (we're speaking of real physical metal). Furthermore it shouldn't be your goal to preserve your money, you much rather want to make money, right? My advice is to put up to 90% of your money in gold and silver, cause at current price levels, at current cheap prices, it's the only thing that makes sense and furthermore it's one of the most conservative investments in the world, right now.
New 2010 - 10 - 13: [06:30 am] Only a gamble for the 'sophisticated investor': How to make, or lose, a fortune in junior exploration stocks The most important factor when it comes to investing in junior explorers is due dilligence. Most people don't have the knowledge to proper investigate whether such a company is worth a gamble or simply a money-burning adventure. Therefore they should stick to the physical investments, which should be the core investment of any portfolio and then decide whether it makes more sense for them to invest in exploration companies, or better put the money in cash generating, already established mining companies.
New 2010 - 10 - 12: [07:30 am] Luxury goods are made for sheep, who seem to be in desperate need of it: To truly become rich, you need to stop acting like it -- Eighty-six percent of all prestige or luxury makes of motor vehicles are driven by people who are not millionaires. -- Typically, millionaires pay about $16 (including tip) for a haircut. -- Nearly four in 10 millionaires buy wine that costs about $10. -- In the United States, there are nearly three times as many millionaires living in homes with a market value of less than $300,000 than there are living in homes valued at $1 million or more. To all the wannabe millionaires out there: you'll never become rich, because you spend too much of your dough. [07:30 am] News from the real estate frontline: Birmingham home sales down 24% Twin Cities home sales fall 34% in September What do we learn from this? If you consider yourself belonging to the group of small men from main street, keep your hands of any kind of real estate, no matter if you live in the States, in Britain, wherever. A little patience will pay off for you, except you have no silver and no gold.
New 2010 - 10 - 11: [05:30 am] It's hopeless, they simply don't want to understand: Investors plow into junk bonds With 10-year treasuries yielding a mere 2.39%, and with 5-year treasuries at an all time low yield of 1.1%, investors have plowed into the riskiest of junk bonds with reckless abandon. It seems that the greed for profit eats up brain and mind. If they just sat down for a day and really started thinking about where to put the money (which they seem to have in abundance)...they'd arrive at gold and silver , two assets that make as much profit in a day as their bonds in an entire year.
New 2010 - 10 - 10: [06:30 am] How to invest in a world of debt: The global debt clock Precious metals must play a decisive role in each portfolio.
New 2010 - 10 - 07: [01:00 pm] Greg McCoach: Fiscal foolishness creates gold and silver investment opportunities He outlines that the real physical metal must be the core investment of a good portfolio. Solid advice. [06:00 am] Honestly, is there any other asset class which could do worse than real estate? Consumer Deleveraging = Commercial Real Estate Collapse This text is mainly about commercial real estate, but we don't have to make a difference when it comes to any kind of real estate, at all. ....and yet people still dreamin' of their own house in the middle of nowhere. Even worse, people/credit sheep think that RIGHT NOW is THE TIME to buy. There will be a very rude awakening for them.
New 2010 - 10 - 06: [06:30 am] Gonna be much much worse: Homes for sale jump in San Fancisco The San Francisco area posted the sharpest one-month increase in homes for sale, a 5.4 percent rise from August. Las Vegas was close behind with a 5.3 percent gain, followed by Los Angeles at 4.6 percent. The Phoenix metropolitan area was not far behind at 4.2 percent. All experienced some of the nation’s largest declines in housing values when the housing bubble burst.
So continue to keep your hands off the real estate market. Prices will come down much more as soon as the depression really kicks in. We are going to witness times when people will give you their house for close to nothing, as long as you have some silver pieces or something to eat for them. Sounds sad, I know, but is unavoidable, for sure.
New 2010 - 10 - 05: [01:00 pm] Graham Summers: War Has Broken Out And Your Savings Are At Stake "However, I wish to note that the spike in Gold was largely relative to the US Dollar. Priced in Euros and Japanese Yen, Gold has considerable room to run before hitting new all-time highs" Europeans are lucky, because the strong euro absorbed the powerful increase of metal prices in dollars. Furthermore there is no real run on the metals yet, so premiums on physical metals are still comparatively low. Therefore every European should seize the once-in-a-lifetime-chance to buy gold and silver at these silly low prices.
New 2010 - 09 - 30: [01:00 pm] Since when is that a problem? They don't buy homes because they can't The homes might be affordable, interest rates low and sellers are willing to make concessions. It doesn’t help much though if your credit score is too low for banks- and one in three Americans have this problem. Actually these people who intend to buy a house today and can't do it because of their credit score, are lucky. The real estate market hasn't hit the bottom yet, basically we're still pretty high above the ground. In 2-3 years you might get a real good deal, if you have the money, or better gold and silver. Remember, the situation which the economy is about to enter is unique. In a real depression/Kondratieff winter, the essential things of life get much more expensive, like food, and the prices for luxury stuff plummet. And yes, houses aren't essential, houses are pure prestige. As we know, credit sheep love adorning themselves with prestigious goods. [10:30 am] Peter Souleles: Buy Gold Young Man, Buy Gold! My advice to young people is to steer clear of debt that cannot be repaid within 10 years and if they or their parents want to save for their future, then they should invest in gold and silver. The truth is that we do not know WHAT the future holds and WHERE that future will be. Precious metals, especially for those in the USA and Europe, provide the means of being able to maintain value, flexibility and portability like no other asset can. Stay away from ETF's and the share market and try to remember that the system is rigged. Moreover, it is interested in you if you only if you are borrowing fiat or buying "stuff". Pretty good advice. Less faith in the system, more self reliance. It's easy to gain future financial freedom if you follow some simple rules today. (ME)
New 2010 - 09 - 28: [12:45 pm] Robert Jay: Why protecting your assets is more important than ever The public always does the wrong thing. Investors have gone from the frying pan (the NASDAQ in early 2000) into the oven (real estate in 2006) into the steamer (the Dow in 2007) onto the grill (commodities in 2008) and now into the fire. Each time, they are sure that their decision is sound." Right. Dont be a bloody sheep.Buy gold and Silver. There's nothing to add. [03:15 am] May 6th 2010: Replaying The Flash Crash - Video
New 2010 - 09 - 27: [05:15 pm] His worries are justified: Why I'm taking my 401(k) offshore But his efforts seem exagerated to me. No need to take his money overseas. Putting 85% of his savings in gold and silver, burry it in a secret place, or put it in a bank vault or store it in his own vault would solve the problem as well. Advantage: it's 100% anonymous. Nobody can take it away. [12:30 pm] Right message: Get Out of Debt – It Doesn’t Have to Be Like Prison ...but wrong conclusion: If you were going hungry, you would find a way to eat. If you lost your job, you would work incredibly hard to find another employment opportunity. Having debt is no different – you must find a way to “solve” the problem, work hard at it, start seeing the end result, and continue to move towards it. It is not a horrible, scary, life-threatening disease – it’s debt… To a certain extent he's right. But no need to worship it. Why at all being in debt? First thing is, that pros can do anything, they can be in debt as well, because they know how to handle it. In the end it's never them who get their houses forclosed. But most people aren't professionals. The majority is bloody credit sheep. And they gotta work their asses off in order to ever again see financial freedom and get rid of the debt. So let me ask one question: why are so many people actually in debt?Not because they are raising a credit to open up their own businesses, to earn their own money, to be their own boss,...no. Most people are in debt because they can't accept the basic rule of 'only spend what you actually have'. They buy all the stuff on credit, iphone, car(SUV;-)), house, vacation, clothes, whatever, you name it. It's deeply anchored in the minds of Americans that being in debt is normal, but it isn't. It just worked in the last 50 years because the economy grew, and grew and grew. Nobody claimed what someone else owed him/her. So you were able to pay the interest of your first credit card with your second credit card. But we are facing different times. People must cut costs and accept that they might not be able to keep the standard of living they were enjoying within the last decades.
New 2010 - 09 - 25: [11:30 am] No housing bottom yet: New U.S. Home Sales Hold at Second-Lowest Level Ever | New Homebuyer Tax Credit Arrives but Is Destined to Fail “There is no upside momentum in housing, period,” said Eric Green, chief market economist at TD Securities Inc. in New York who correctly forecast the level of sales. “Unemployment is so high, consumer confidence is so low, household wealth is eroded and the psychology remains negative.” The real estate market is still overvalued, because the real depression is just on the way. Anyways, investing in real estate will become more interesting again. Maybe in 3-5 years - time will tell.
New 2010 - 09 - 24: [03:00 pm] Hera Research Interview with Dr. Marc Faber
New 2010 - 09 - 23: [11:30 am] Is a stock market crash on the way? Uh-Oh: The Dow Is Now Looking Exactly Like The Year The NASDAQ Bubble Bust [06:15 am] Video: Jay-Z And Warren Buffett Talk With Steve Forbes About Success And Giving Back
New 2010 - 09 - 19: [11:15 am] Some facts about Silver and why Silver is one of the best investments in the next years! Characteristic Silver features and applications
New 2010 - 09 - 18: [05:15 am] Total debt nonrefundable: Which Time Is Different: Gold or Sovereign Debt Levels?
New 2010 - 09 - 16: [04:30 am] What hedge-funds do right now: Burry, Predictor of Mortgage Collapse, Bets on Farmland, Gold
New 2010 - 09 - 14: [10:30 am] Cry me a river: Most Believe Market Is Unfair To Some Investors And the majority of those surveyed – 55 percent – said the market is fair only to some investors. The market has no feelings. It isn't biased. If you understand how the game works, it's simple. If you don't you gonna lose money. Has nothing to do with magic. Louise Pollard, 72, and her husband have decided to shift the bulk of their portfolio into bonds after the market nose-dived two years ago. Wrong decision. Somebody go and tell em about the bond bubble. [07:15 am] The risk you take when investing in foreign farmland: The backlash begins against the world landgrab The neo-colonial rush for global farmland has gone exponential since the food scare of 2007-2008. Farmland is kind of a "sacred cow" in almost any place in the world, with the need to stay in the possession of the own citizens. Now the funds which invested in this land in the third world get pushed back. Including expropriation.
New 2010 - 09 - 12: [01:45 pm] Audio: Gerald Celente on new trends: Gerald Celente on Robert Ringer Radio Sept 05 2010 [02:00 pm]Partly right, partly wrong: A Wealth of Choices for a Value Investor Why not just hold cash, bonds or gold? Well, gold would be a right choice. Bonds are overvalued, there's the constant danger of an exploding bond bubble. Cash should be put in silver and gold, at todays low prices. But the standard reasons for sticking with equities still make some sense: over the long haul, stocks have produced better returns than other assets, and if you pick the right stocks — a big “if,” to be sure — you may have spectacular results. All right, a pro investor can do almost anything. But the point is that most stock market participants are sheeps, they aren't able to find "the right" stocks because of a lack of due diligence. They should stay on the sideline and simply wait, given that they are already well stocked with gold and silver. This can be reinvested when the gold price is at least 10 times higher and silver at least 50 times higher in comparison to today. This will be the time when stocks are cheap again. Simply wait till there's blood on the street. (ME)
New 2010 - 09 - 11: [06:45 pm] The end of cash? The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions Governments don't want it, so that nobody can escape their taxes. But cash will resurrect - in the form of Gold and Silver, after the death of fiat money. [05:45 pm] How to make money during crisis - eg. Chile: Hyperinflation, Part II: What It Will Look Like So he took those $3,000, went down to the stock exchange, and spent all of it on Chilean blue-chip companies: Mining companies, chemical companies, paper companies, and so on. The stock were selling for nothing—less than penny stock—because of the disastrous policies of the Allende government. His stock broker at the time told him not to buy stocks, as Allende’s government, it was thought, would soon nationalize these companies as well. Since then the guys $3000 have become many millions. He invested it in a time where everything appeared to have no prospect of success. All we have to do is stay in the safe haven which is gold and silver until everthing seems to be unpromising. Then we gonna invest it, we don't even have to trade. Let's just wait. If you already put your money in the right asset, there's nothing else to do for you, but sleep. Like Kostolany once said.
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