Lesson 2: 5 Rules of Investing (& George's Thoughts on Gold)

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incomparable…



[venangocountynow]

Invest in houses during the gas industry boom in Venango County PA! Houses are inexpensive at the moment, but as business rush here to take advantage of the gas boom, this won't last. So check out Oil City PA now and invest in this upcoming market.

[MrGarnache]

Bla Bla Bla ....... worthless waste of time

[JRCrowley]

Excellent.

[Blueicm]

12 people don't like pirates

[businessspeaker1]

Instead of buying gold, why not buy stock in a well-run integrated oil company that pays a good dividend and sell out-of-the-money calls against your stock. I recently posted to YouTube a video entitled, "Economics for the Average Joe." It is a compliment to your video.

Sanford Kahn

[think4everyone]

Rule #1 : Things are constantly changing

[403766]

Great stuff! But who si this guy andwhat does he do?

[MultiMonaLisaa]

@403766

Found him too late, he passed away July 2.

[twistedbydsign99]

oil is created in an abiotic process, oil isnt going to run out.

[covingtonium]

@twistedbydsign99 dumbass, it will run out if we consume it faster than it is produced. dumbass. dumb, dumb ass.

[drmoogala]

Buy it up then sucker. Gold has no use other than jewlery and other very minor  applications,all that has ever ben mined is still extant,so it is the ultimate sucker's bet,I suggest you buy all you can get your hands on as you are the ultimate sucker.

[MultiMonaLisaa]

@drmoogala

Who's sucking tail wind today?

[drmoogala]

Wow is that a highly intelligent comment.Back to your nigger boyfriend for some more"lessons"

[ootahee]

@drmoogala

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[x1x2x3ct]

THE QUESTION IS: WHO CARES?

[drmoogala]

Gold is useless and a suckers bet. Suppose the economy collapses and crime and lawlessness become common, This is the gold bugs thesis,what do you do with your bars of gold? You can't eat them,perhaps you can hold your door open and catch a breeze. If you believe disaster is in our future buy a good pistol and a good rifle with plenty of ammo. I have done this and I do not believe in gold bug's fairy tales but if they turn out to be correct and I want some gold I'll take it!

[ootahee]

@drmoogala. The only currency you trade in is bullshit and the dividend being the nuts and corns you pick out of your own feces. Fuck off back to Shitholia or whatever country spawns a racist cocksmoker like yourself. Thanks in advance.

[123garan123]

Serious? You must not fear death out of ignorance, cause u R ignorant in ur words here at least. Gold is not "a fools bet" u r.

[123garan123]

[previous comment directed to drmoogala]

[dubbymacky]

who is this guy whats he all about

[canfly123]

Again to cunclued my comment real estate is the most soild and reliable investment. The big boys down at wall streeet run the place causing a monoplized enviourment.

[MultiMonaLisaa]

@canfly123

It would be nice if you could spell, then again, you have about the right IQ when it comes to the market place. Gold sits at an all time high, and well we all know where real estate is.....

[canfly123]

When the world runs out of oil i predict that were going to have another stock market crash. Thats why it is important to invest in companies that desing and produce eco- freindly and non oil produts/ materials. Let me tell you somthing thats a soiled investment.

[DillonX]

Damn - he left out the most important thing

YOU MUST HAVE ANY GOLD YOU BUY TESTED.

In the olden days people sold gold bars that were filled with lead

Some people could tell the difference by weight.

But today they put tungsten in the gold bars so you can't tell the difference by weight

It's now been revealed that many suckers have bought fake gold.

If you insist on buying gold - be sure to take physical possession AND HAVE IT TESTED.

[abcrane]

Zapata rides one mighty ship!

He states that Gold is the only real money.

Ah! But remember, air, food, and survival can be traded for "gold=money" ONLY SO LONG AS PEOPLE COLLECTIVELY DEFINE THAT MEANING. If tomorrow we engage in 100% Barter, then tomorrow is when Gold is only valuable for its direct technological purposes--and not for its "symbolism of real wealth."

Zapata is right but perhaps in the wrong context. OIL=WEALTH..... BUT OIL=DEATH

[ivangrozny27]

@abcrane

That's true to an extent but gold is so embedded into the human psyche as something tangible & something valuable that it will be used as currency and as a store of wealth for as long as humans are around. Barter can work for certain things in bulk (or single items) but the ancient empires eventually realised a medium of exchange was vital to the economy. An ounce of gold today will buy you the same thing it bought you 80 years ago (e.g. a good suit).

[Krustbox]

Search "Gold Investing" on Krustbox (dot) com

[KashmirShahzad]

There will be a worldwide electronic blackout in the near future wherein everybodys account will be erased of all money.

Gold is all u will have. Gold. Gold. Gold.

[erictjie]

as always gold will bust under $300 again in the next 2 years. just another cycle

[haynaku2007]

I suggest that that you provide a better and bigger board.

[Parker345912354]

There is no gold standard anymore, gold is just another object like a tv or a dvd player it can be sold but it cannot be used in a computer transaction (of witch 97% of the world economy thrives on) this alone has renderd gold a pointless to invest in. however when the economy colapses (witch it will) it would probbly be a wise to own some gold, so dont trade it.. KEEP IT

[audiohi]

IMO gold is going to skyrocket, and im not a gold bug by any means. The point about gold being unable to be used in a computer transaction is exactly why its going to go up. Didnt anyone here listen to George? Hes absolutely right, the fundamentals are going to skyrocket when the curtain is lifted and everyone sees that our economy is nothing but a house of cards.

[phonedial9]

Gold is a terrible investment. The cycles are too long. The only way to play gold is as a speculator (good luck) or using it as a hedge. Anyone who buys gold for the long term because they think it will outperform the other markets is a fool.

[Ryukikon]

Gold is a terrible investment you only say that one because you truely don't understand what your talking about and two your probably thinking only about getting rich quick. If you fall into the latter I will waste no more time taking to you, you need to educate your self to the point where you understand something from the ground up. Not just know it as it is stated at the level of ground or at the level of up. Good luck.

[phonedial9]

I'm thinking about getting rich quick? I guess you didn't catch the sarcasm when I said "good luck speculating". LoL

[tfrenn]

Gold and silver have had every excuse to set new record highs but have been found wanting. In a deflationary environment cash is king. Gold will only go up if the dollar is devalued. With the destruction of credit, which means deflation, gold going higher is a long time coming.

[Catchetat]

What are the fundamentals?

[ImDPhatPanda]

This video was made in 2007...hows the stock market doing for ya now?

[JRCrowley]

George, you're THE BEST.

[DirectQuestion]

Gold was not always worth money. There were also fiat currencies that are still very effective today.

[rofsjan]

Great rules.

But how about cars running on electricity, not on oil in 5 years? Then demand for oil will decrease.

[contactwhall]

Yes but oil is still needed for more than the petrol to run the car. think of the manufacture of the power stations - the production of the car - all are driven by oil.

[Mattisbehindyou]

plastics take up more oil than all the cars in the world.

you didnt know that did you?

[bassthunder]

cars don't run on electricity!!!!

[spiderman1321]

cars run on roads....

[1ToNJaB]

Where the GOLD AT! Ive been thinking about getting some Maple Leaf Gold coins. I wish I would have bought some a week ago when it was down at 700, but its back up to 800 again, but still good because thats what it was at last November of 07. I think people bought like crazy when it crashed and thats why it shot up so fast in a week... I figure after this big jump, it will slowly fall again but make its usual steady climb again after the economy crisis.

[1hotriv]

Where is lesson 3??? please let me know..

[mikekleine]

his credibility would be a little better if he was doing this video from his yaucht

[Kartikandrao69]

he's got so many views cause of his eye patch, not his advice.

[pgtv69]

i agree with all but rule 5 fundementals dont rule technicals do.

[zibbyblahblah]

they are both important

[johntepes]

"Successful investing is anticipating the anticipations of others."

[GodSays]

the fundamentals will out? I didn't get that. Can somebody explain this to me again pleeeease

[iamgarsdale]

it means when the b*llshit stops you will see the real value value.

simple as that.

[ntufar]

Surprisingly good.

[lokir]

Thanks George,

Lots of wisdom in those rules... simple but they ring true.

[videofence]

Great video.  Thank you.

[AnotherTrueAmerican]

We need not work hard anymore. Technology is advanced far beyond enough to do most work. School, Medicare, Housing and legal needs will all be free. if the american economy crashes the whole world will adopt a new system where possasion will be outlawed by the common people. then u can take anything not being used for youself walk into stores everything will be free cars, homes unless it is being used. We can grow enough food to feed everyone.. everyone will be equal

[PekingO]

Someone will always want to work harder than another

[AnotherTrueAmerican]

so let them work hard as long as its by choice i dont see anything wrong with that.

[AllowExpression]

???????????????

[SPCardHouse]

wat are your thoughts on penny stocks

[edsanville]

This guy is AWESOME. He's right on the money, so to speak!

[mrzack888]

hurry up, get to the list already.

[k9iou]

WILL GOLD GO TO $2000 PER OUNCE ???

[JiveDadson]

That depends on whether Ben Bernanke runs out of paper.

[awwwwnaaaa]

it will for sure only go up.

[ivangrozny27]

Not looking like it at the moment but perhaps 2 or 3 years down the line, it probably will be around that level. A lot of this depends on whether western govts. (particularly the US) outlaw gold ownership. The US govt, no matter which wing of the Business Party is in power, does not want anything threatening US dollar hegemony. I'm sure many of the Eurozone countries feel the same about gold and the Euro or gold and the Pound. This is what scares me as about 1/6 of my assets is in gold.

[cowboycarl04]

well, ivan, you wonder why we really went to war in Iraq... it was not for WMDs... it was not for terrorists... it was not because daddy Bush couldn't get Saddam so the son did...

it's because in 2000, Saddam was ahead of the curve and tried to sell his oil in another currency other than the USD...

Now, Saddam was a ruthless dictator.... I'm not supporting him, but this conflict in Iraq is an economic war... showing if you fuck with the USD, then we destroy you...

[ivangrozny27]

Yes I agree that its mostly economic but it is also ideological. The pro-Israel lobby pushed hard for the war. They're happy for Arabs and Americans to die to keep Israelis safe on their stolen land and in their stolen homes.

[oganga111]

yap yap i aggree

[Gobobo24]

Your croaky voice gives me faith!

[jjpeterson1]

LOL..you are funny..too much, what wisdom can you give me?

[jammathehutt]

congrats to mr george for such a easy to understand stuff that most people can understand. thanks!

[666zzzrrr]

school them you old pirate, aaaaaagrhhhhhh, show them how george found his chest!!! nice vid by the way matey.

[justingsmith]

Gold can be a good investment in the short term.(speculatin) And gold has been the measurement of welth for thousends of years. BUT, what if that WERE to change (very few real uses) after all, the oil producing countrys of the world a not requesting gold as a standardised payment for oil are thay? Thay want the euro. I cant think of the last time I experenced a hard time and said "I think I will go buy a fat gold chain" and when the power bill comes due, all just give them that!

[motorious1987]

so, the world runs on oil, oil is running out

He's saying; don't invest anymore, unless it's short term

LoL to that

If their's gonne be a crash now, then it's because of irrational investers-->selfforfulling prophecy humans are animals, and animals do what other animals do (you sell? then i'll sell to...)

these tips are'n worth a lot in my opinion

my 90-10 rule: 90% luck on the stock market, 10% intelligence

[silverfox2358]

At last a nice man who dose`nt talk a loud of shit at the speed of light and scare`n`confuse us with numbers and B.S.

More good straight politics from the pirate :)

makes good sence just like the charts and warren buffets value investing :)

[xms32]

Very sound advice.

[swofts45]

BTW, nice bling!

[swofts45]

In a deep recession or a depression isn't it also human nature to sell any asset you have to survive, including gold? Would that not send the price of gold down?

[ivangrozny27]

true to an extent because if you have a deflationary economy, assets of all kind decrease in value but I believe we will have currency hyperinflation first, which means increased demand for gold. And anyway, if there was a great depression, there would have to be some kind of medium of exchange besides pure barter and that's where gold/silver coins come into play.

[fuzzywzhe]

> In a deep recession or a depression isn't

> it also human nature to sell any asset you

> have to survive, including gold?

When we hit a depression in 1933, the government confiscated all the gold, and OVERNIGHT, revalued gold from $20 to $35 - a 75% inflation for everbody in 1 day, except people who "illegally" kept their gold.

Today, the government will simply create money and dump it from helicopters.

[Foxboy1313]

Sorry Pirate boy Peak oil is a lie just Google Prudhoe Bay and the book "The Energy Non-Crisis" by Lindsey Williams

[xms32]

A billion aire named Donald Trump wrote a book in which he says the exact same things this man is talking about. Unless you're a billionaire as well, I think I'll take this gentleman and Donald Trump advice. They seem a little more correct to me since they produce results.

[fuzzywzhe]

> Sorry Pirate boy Peak oil is a lie just

> Google Prudhoe Bay and the book "The Energy

> Non-Crisis" by Lindsey Williams

The US hit peak oil in 1971, it's called Hubbert's Peak, who is the geologist that predicted it.

Of COURSE there is a peak oil. You think tar sands will provide energy? Find out what Return on Energy Investment is.

[investortownhall]

Zapata, this is good stuff! Old time gold and oil bug stuff and Investment points to know.

[prokkets]

Wow this is lib terrorist propoganda.We need 2 fight the iranins in iran so we dont have 2 fight thm hre.U libs need 2 b detaind untl ucan prove u r not a teorist.If any iraqi tries to take my FREEDOM Iwill blow up his cave cmd cntr.IranNchina have been stckpling WMDs2 use aginst us an our Israeli friends in th form of a mushroom cloud in th global wr n terror.Whn th final nuclear bttle comes to our home streets we need world govt. an hive mind and every1 get microchip so prs bush cn kep us safe

[tmr2456]

shut up

[CyrusDaGreat28]

your a fucking idiot! lol. ahahahah. everyone point and laugh!

[Waelsa]

You're an idiot, seriously. Israel has no friends. When they finish sucking the blood of the US. they will move on to the next super power. The greatest threat to America is not Islam, but the Israeli lobby in the US.

May God have mercy on our souls.

[ivangrozny27]

So true, but I get the impression prokkets is just winding us all up, and I found it quite amusing - 'everyone must get microchip inserted' lol, 'I will blow up his cave command centre' haha, 'u libs need to be detained' lol.

[kd7one]

To prepare for the future, we must study the past.

[klacoste]

great advice. i like your style! subscribed.

[almac4]

Viva Zapata!

[mountshasta2002]

dude your broke lol wtf...only rich people should be giveing adivice bra

[steinbeckthepearl]

No way, man - check out that bling!

[mountshasta2002]

bling what an eye patch

[darthisaiah]

dude most millionaires are cheap, and live normal lives. They don't all have lambos and mansions, only celebrities.

[cassidy1478]

Yarrrrg! Keep it up George.

[ShelterDogs]

Does anyone know how much money Zapata George earns?

[sudislavi]

Thank you very much for these videos. You pack a lot of common sense and very good advice in your videos.

I am looking forward for more. It's a pleasure to listen to you.

[marsbarz]

Interesting video, but I believe you're mistaking rules with axioms...

[BullnBearAnalytics]

Good analysis but not consistant. The BullnBear Method is the only method out there that actually works 3/4 times. Check out the profile to: BullnBearAnalytics

[xms32]

I just checked out your video's. You don't know much. Just because you can make a trade, doesn't mean you know how to make money. There's a difference between trading and investing young man and someday when you're done gambling all your parents money away, you'll figure it out.

[incansun]

This guy is freaking brilliant! The Pirate Oracle!

[Etcircenses]

Well done!

[ivangrozny27]

Damn right, Gold is looking particularly tasty right now at $660/oz. We had a peak last year at $725/oz. The gold market took a breather, fell back to $550 but has since been moving steadily up (look at the chart). Reasons: US$ decline, US national debt, Chinese/Indian demand, reckless policies of US imperialism. Viva Zapata

[Thugpatrol]

Up to $782 right now, will probably be worth much more once the dollar hits rock bottom.

[pawelre]

Very good advice! Greetings from Poland :)

[nheastvan]

you can find more of Zapata George on canbritaus dot com - he's got lots of petroleum related podcasts on there (audio, not video).

[qualqui]

thanx much, cool and no-nonsense dude that tells ya its all very simple whilst others go on 'bout how complicated and risky investing is but never failing to tell ya you gotta keep studyin'! Thanx again and lookin' forward to Lesson #3 here in Querétaro, Mexico!

[nheastvan]

My favorite thing about Zapata George is when he speaks, gives radio interviews, etc., he doesn't just spell things out. You've got to think. It's not rocket science nor brain surgery, but you've got to do your own homework.

[anarchoguy]

Great video, a lot of usefull information thanx a lot ! Keep up the good work, i am looking foreward for your next video.

A Guy from Holland

[mamafoto]

Very interesting. Give me more...

[sacerdote]

pq?