Wednesday, October 23, 2013
Secret to having a million dollars by the time your 65 yrs old
Saving is pretty simple if you just break it down.
If you start at age 25 and you save til your 65 and stay disciplined and put to the side $179 a month by the time your 65 you will have a million dollars. Once you develop the habit of saving than you turn it up a notch and get into financial education of where you can put this money to grow even more and safely.
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Sunday, October 20, 2013
Work Smarter not Harder
Think
about this.... Netflix Stock was trading at $70-80 levels earlier this year
and now its at $333.50 if you even put 10k into the deal within a year
that 10k turned into just about 42k!! and this is owning stock!! Not
including options along the way cause you could of bought a year
contract along with i. Also other options in between but that's besides the point. Average american works 8 hrs a day to take home maybe 30k a year. This stock by itself did that and you could of been working and also having this work for you on the side. Pretty cool plan to have extra income working for you. That's the point of first working for the money than when you build it up, you learn how to multiply the money and make it work for you now instead of you working for it. That's the beauty of being financially educated you see opportunity everywhere you go. Once trained to see these things you'll never lack opportunity again.
Saturday, October 12, 2013
Friday, September 27, 2013
Tuesday, August 27, 2013
Important News On Gold
Why NOW is the time to buy Gold.
The precious metal markets have seen a massive bear market over the last few years falling from $1780 in Oct 2008, to a low of $1180 at the end of June this year. Many people were wondering how much lower the Gold price could go, since it costs an average of $1300 to mine 1 ounce of Gold. Therefore, between the middle of June (after the Gold's worst week in years) until the middle of July, you could actually buy Gold for less than it cost the miners to get it out of the ground. Many people were tempted by this factor into the possibility of buying Gold, but many people were afraid that the Gold price would continue to fall even further.
We can now say with a high degree of certainty that we have seen the bottom of the market in Gold. As you can see from the chart below, after hitting $1180, Gold began to rebound very quickly, hitting $1300 on the 19th of July. This rise continued, with Gold reaching a top of $1380 on Aug 19.
Since then, there has been a minor pull-back in price as people who got in at the lower prices (or simply wanted to get out once Gold hit $1300) began to sell. In my opinion, this dip is the perfect time to buy Gold.
Gold is set to head much higher, as evidenced by the general world financial uncertainty which is reflected in the GOFO rates, which have turned negative for the longest time in recorded economic history.
What does this mean? Well, essentially, it means that people are willing to pay more to get their Gold today rather than wait. There have been reports of delays as long as 6 months for businesses looking to procure large amounts of Gold. In addition, the physical price has been rising at a much sharper rate in certain countries, such as China and India, meaning that there is a flood of Gold heading to the Eastern countries as people buy Gold in London, then sell it in Shanghai for a profit.
What does this mean for you?
Essentially, we have found the bottom in the Gold market, which means that it's only going up from here. However, if you wait too long, you will miss out on this amazing opportunity which is a very rare historical event. Many people have said that a Gold price of $2000 by the end of this year is not beyond possibility and I agree with them. As the US dollar weakens and supply tightens, the price of Gold will rise naturally through the process of supply and demand. The reason you may be seeing alot of people saying that Gold is a bad investment in the mainstream news is that the large bullion banks are trying to shake as much Gold as they can from 'weak hands' (i.e., people who can be persuaded to sell) and get it into 'strong hands' (people who are planning to hold onto their Gold for a while to see a profit.)
If the capital gain of Gold is not enough to get you going, then consider the effect of inflation. According to shadowstats.com, the real rate of inflation in the USA is 10% and going higher. If you are holding your money in dollars, then you are losing 10% of it's real worth each year, while at the same time, the banks are paying less than 1% interest on current accounts. This, in my opinion, is the best reason for owning Gold, since it is not affected by inflation.
Another very good reason to own Gold is the lack of counter party risk what is counter party risk, you may ask?
Well, whenever someone gives you a promise to pay you something, then there is a possibility that they will not pay you. This is known as counter party risk. All paper assets have counter party risk built into them, since the paper itself is worth nothing, it is the promise to pay that gives it worth.
Remember the last financial crash? It was all about counter party risk. In case you haven't noticed, the world has been having crashes about every five years now going back at least 20 years. (The dot.com bubble, the Savings and Loan Bubble and of course, the Great Recession) the problems from the 2008 crash were never really fixed, which is why the US interest rate is still at 0%. Because of this, when the next crash hits, it is going to be a double whammy as all the unsolved problems from the last crash will increase the depth of the next one. It is now almost exactly 5 years since the 2008 crash, which means that we are due for another one very soon.
The only way to protect yourself from the coming crash is by having Gold in your possession. Just having a bit of paper (or even worse, numbers on a computer screen) is not the same as owning real Gold, since Gold has intrinsic worth. In other words, the Gold is valuable in and of itself, it does not need anyone else to keep a promise pay you in order to make it valuable.
Promises to pay are always what get people (and countries) that are in debt into trouble. Most of the Western world is hopelessly indebted already. Don't make the same mistake as your government, buy physical Gold now.
When the next crash comes, you will be glad you did.
The precious metal markets have seen a massive bear market over the last few years falling from $1780 in Oct 2008, to a low of $1180 at the end of June this year. Many people were wondering how much lower the Gold price could go, since it costs an average of $1300 to mine 1 ounce of Gold. Therefore, between the middle of June (after the Gold's worst week in years) until the middle of July, you could actually buy Gold for less than it cost the miners to get it out of the ground. Many people were tempted by this factor into the possibility of buying Gold, but many people were afraid that the Gold price would continue to fall even further.
We can now say with a high degree of certainty that we have seen the bottom of the market in Gold. As you can see from the chart below, after hitting $1180, Gold began to rebound very quickly, hitting $1300 on the 19th of July. This rise continued, with Gold reaching a top of $1380 on Aug 19.
Since then, there has been a minor pull-back in price as people who got in at the lower prices (or simply wanted to get out once Gold hit $1300) began to sell. In my opinion, this dip is the perfect time to buy Gold.
Gold is set to head much higher, as evidenced by the general world financial uncertainty which is reflected in the GOFO rates, which have turned negative for the longest time in recorded economic history.
What does this mean? Well, essentially, it means that people are willing to pay more to get their Gold today rather than wait. There have been reports of delays as long as 6 months for businesses looking to procure large amounts of Gold. In addition, the physical price has been rising at a much sharper rate in certain countries, such as China and India, meaning that there is a flood of Gold heading to the Eastern countries as people buy Gold in London, then sell it in Shanghai for a profit.
What does this mean for you?
Essentially, we have found the bottom in the Gold market, which means that it's only going up from here. However, if you wait too long, you will miss out on this amazing opportunity which is a very rare historical event. Many people have said that a Gold price of $2000 by the end of this year is not beyond possibility and I agree with them. As the US dollar weakens and supply tightens, the price of Gold will rise naturally through the process of supply and demand. The reason you may be seeing alot of people saying that Gold is a bad investment in the mainstream news is that the large bullion banks are trying to shake as much Gold as they can from 'weak hands' (i.e., people who can be persuaded to sell) and get it into 'strong hands' (people who are planning to hold onto their Gold for a while to see a profit.)
If the capital gain of Gold is not enough to get you going, then consider the effect of inflation. According to shadowstats.com, the real rate of inflation in the USA is 10% and going higher. If you are holding your money in dollars, then you are losing 10% of it's real worth each year, while at the same time, the banks are paying less than 1% interest on current accounts. This, in my opinion, is the best reason for owning Gold, since it is not affected by inflation.
Another very good reason to own Gold is the lack of counter party risk what is counter party risk, you may ask?
Well, whenever someone gives you a promise to pay you something, then there is a possibility that they will not pay you. This is known as counter party risk. All paper assets have counter party risk built into them, since the paper itself is worth nothing, it is the promise to pay that gives it worth.
Remember the last financial crash? It was all about counter party risk. In case you haven't noticed, the world has been having crashes about every five years now going back at least 20 years. (The dot.com bubble, the Savings and Loan Bubble and of course, the Great Recession) the problems from the 2008 crash were never really fixed, which is why the US interest rate is still at 0%. Because of this, when the next crash hits, it is going to be a double whammy as all the unsolved problems from the last crash will increase the depth of the next one. It is now almost exactly 5 years since the 2008 crash, which means that we are due for another one very soon.
The only way to protect yourself from the coming crash is by having Gold in your possession. Just having a bit of paper (or even worse, numbers on a computer screen) is not the same as owning real Gold, since Gold has intrinsic worth. In other words, the Gold is valuable in and of itself, it does not need anyone else to keep a promise pay you in order to make it valuable.
Promises to pay are always what get people (and countries) that are in debt into trouble. Most of the Western world is hopelessly indebted already. Don't make the same mistake as your government, buy physical Gold now.
When the next crash comes, you will be glad you did.
Monday, August 19, 2013
What will happen if the FEDS don't taper?
The next few weeks could be very exciting for gold. If the Fed doesn't
taper in September that will be another blow to the
U.S. dollar. Dollar weakness would make gold bullish.
Also, we need to keep an eye on the horizon, over the next few months lies a series of U.S.
fiscal challenges including the debt ceiling, the budget and continuing
resolution issues. These all could potentially provide bullish
for gold.Watch for dips in precious metal in the weeks or months ahead anything on the dip buy it in my opinion. Comex
December gold futures are overbought on a daily. This is the worst the Comex has looked in history. They are at historic lows of physical supply. It's highly probable that the Comex will default coming up. As everyone confidence is being broken down it's going to cause a rush into physical demand. Asia sales have been over whelming. They are acquiring the metals at an alarming rate. I remember talking on this subject many years back, that when Asia was allowed to purchase precious metals it was going to be a game changer in history.That demand will push over the markets. Stay tuned for future updates!
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