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What’s Safe When Banks Fail?

Wednesday, March 3rd, 2010

Hey guys– Open Your Eyes!

Citigroup Has Warned Customers It May Refuse To Allow Withdrawals!

Business Insider – 2/19/2010

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,” Citigroup said on statements received by customers all over the country.

What situation are they expecting to precipitate enforcing that rule?  My guess is that they are getting ready for the possibility of a huge bank run.  It could be that when the public finally realizes that their buying power is being reduced by the runaway printing presses in D.C., or if there is any form of political or financial instability, they may want to get their money out of the banks and into a hole in their back yard — and FAST!

Recently I posed this question to Mike Maloney, a monetary historian who is also “Rich Dad” Robert Kiyosaki’s precious metals advisor.

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To find out more about investing in precious metals, go to Mike Maloney’s GOLDSILVER.com

Now here’s some legal stuff:

I’m an affiliate of GoldSilver.com, and I’m also one of their customers.  If you buy from those sites, I’ll make money (Yay!).  And if you act on anything I’ve written or said, you do it at your own risk, because even though I’m strongly opinionated, I’m not an investment advisor.

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Will Your Business Profits Be Gone or Growing?

Friday, October 9th, 2009

You’re interested in developing wealth by having your own business, right?

Well, I have a simple question for you. When you have the success you are looking for, what will you do with the money? Do you have any idea how to invest? Do you have a clue how the economy works, or do you believe everything you hear on TV?

I’m starting to understand something. Almost everyone who is coming to me for business information is totally in the dark about these things, and has blinders on and tunnel vision – only looking for a business.

It’s like buying a lottery ticket, and when you win, you’ll scramble to figure out how NOT to lose your money! What a joke!

Listen, if you are broke now and have no financial education, what makes you think that getting money will solve all your problems?

And if you are fortunate enough to have money now, what are you doing to make sure that it grows into wealth?

Almost everyone I know will lose money in the coming years. Almost everyone.

A select few have taken steps to position themselves for personal economic growth. My business partners are among them. We are positioning ourselves to benefit from financial education, and acting on what we learn.

With this in mind, I have started a series of posts on my blog which are about investing and the economy.

Why should you read them? Well, for one thing, I am part of an elite group of financial professionals who have had the experience of being Members of a Commodity Futures Exchange. This is a far different experience from brokers who work for a company and sit in an office all day.

Exchange members OWN the right to stand on the floor of an exchange. They CONTROL and facilitate the prices of commodities, stocks and options at every moment of trading. They are the market makers, not the order takers.

My experience as a member of the Mid America Commodity Exchange has molded my business affairs ever since. I specialized in trading financial futures and options, and made a market in those areas as well as precious metals and grains.

I became a Registered Floor Broker and a registered Commodity Trading Advisor, and spent every day working with other exchange members who were at the center of price discovery for the WORLD.

About this time last year I met Mike Maloney, who is the gold and silver advisor to Rich Dad Poor Dad author Robert Kiyosaki. I was at a wealth conference, and Mike was a key speaker. His presentation brought me back to the years I spent on the trading floor in the silver and gold pit.

After the presentation. Mike and I spent some time together talking about the markets and other common interests. It turns out that he knows lots of Hollywood folks, and since I’m an indie filmmaker, the conversation went on for a few hours.

Mike’s passion for gold and silver is based on historical facts which I had only heard from a few traders on the exchange floor. His advice is timely, and I’m recommending that you pay attention to him as part of your financial education.

Mike and I have a few unreleased videos which I’ve started posting on this blog. Check them out and keep an eye peeled for more. This is important stuff!

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Gold or Bonds + Cash. You Be The Judge!

Thursday, October 8th, 2009

For years bonds outperformed gold and silver as investments.  T-Bonds are where I advised my family to put their money when I saw that interest rates were heading southward, back in the early 1990’s.  That investment worked out great, but times have changed.

Back then, gold was cheap, and going nowhere.  The stock market was attracting tons of easy investment dollars as the tech stocks made headlines.  But even then, conservative investors were scared of the bubble bursting, and advised people to have strong cash positions.  That included Treasury Bonds, which were considered the safest investment on earth.

Mike Maloney, a precious metals historian, was busy buying gold and silver.  His study of cycles in the gold and silver markets have paid off handsomley, and he has advice for those who are unsure of where our economy may be heading.

open source video, online video platform, video streaming, video solutions

If you would like to know about Mike Maloney and learn about investing in gold and silver, CLICK HERE

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