Kiyosaki: I am a Silver bug

http://www.richdad.com/

Robert Kiyosaki : I’m a silver bug, so one year ago, I told my friends, this is when silver was $17.00, I said, “You better buy now, ‘cause you’re never gonna see it again.” So, $17.00 was the magic number to me. And so, they really missed it. Now, as far as above $50.00, I would say that’s probably a given and they don’t understand why they’re getting into this stuff. But, the reason they’re getting into it is because, like, our government’s ripping ‘em off, but they would rather have, you know, a government we trust. And, you know, what I’m sick of right now, personally, is I turn on Fox and I watch the news and all it is is these political shows talking as if these politicians, or whoever’s elected or not elected next year, is gonna make a difference. And they’re talking about taxing the rich. You know, what – that’s not gonna make any difference. And they keep talking about how these regulations impede entrepreneurs. Well, nothing impedes entrepreneurs. So, you know, really, what it is is the individual person really does have very little financial education. And so, right now, this market’s crushing ‘em and I’m afraid if they do nothing, they will be crushed. I have a lot of friends and family who are in very dire straits right now. And no matter how much I talk to them, you know, I say, “You should buy silver now. It’s your last chance”, they didn’t do anything and I think that’s the problem. -in Goldseek Radio 

The Middle And Lower Income Classes Are Being Hurt - Marc Faber

http://marcfaberblog.com/
Some people will benefit from money printing that deflates the purchasing power of currency ... but the middle and lower income classes are being hurt. - in a speech sponsored by Chinatrust Financial Holding in Taipei

Every 4 To 6 Years We`ve Had A Slowdown Or A Recession - Jim Rogers

http://jimrogers-investments.blogspot.com/

Every 4 to 6 years we`ve had a slowdown or a recession in the US ever since the beginning of the republic. So we are overdue for one in the end of 2011, 2012 or 2013.

It always happens, it`s going to happen again despite what politicians or central bankers tell you. The next time around it`s going to be very bad. - 
in Nightly News

Saving For A Rainy Day - Jim Rogers

http://jimrogers-investments.blogspot.com/
It's now raining and the United States has saved nothing. - in China Daily

(He explained that although China may have its problems, it is the largest creditor worldwide and has saved enough for a rainy day with its huge foreign currency reserve)

Lessons Of History: The World Will Continue Changing - JIm Rogers

Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing. - in A Gift to My Children: A Father's Lessons for Life and Investing

http://jimrogers-investments.blogspot.com/

Friday, November 4, 2011

Guatemala's trash 'miners' risk lives to find gold

news.yahoo.com/photos/guatemala-s-trash-miners-risk.. - Source 

Gold And Silver At Discount Prices - Peter Schiff



http://peterschiffblog.com/


October was very much about consolidation and recovery from the September correction. From trough to peak, gold recovered 8.9 percent to 1741 dollars/ounce, before sliding back to 1700 Dollars/ounce as October came to a close. For silver, trough to peak was 25.7 percent, seeing silver hit $35.42 before sliding back to around $33. Both are comfortably at what I would consider discount prices. -in Schiff`s Gold Newsletter

It's A Basic Fact Of Life That Many Things "Everybody Knows" Turn Out To Be Wrong - Jim Rogers

http://jimrogers-investments.blogspot.com/

Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.