Robert Kiyosaki: "Silver is the biggest sleeper of all"
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dude is the interviewer alex jones??
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We are 100% debt to gdp now. I'm pretty sure.
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@cloudskipper40 Then for you, .925 silver is a better deal for purchasing. But what about selling?
Here in the states, selling a lot of .925 (pre 1964 coins) requires the coin shop to report to the IRS, so not so good. And buying .999 is usually easy and I pay the same sales tax either way.
For each person, it is about getting as much silver for your dollar as possible. Being able to buy and sell is the considerations.
.925 just means you are paying for a bit of copper Enjoy
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I want to spark a debate about .925 coins and .999 coins. Obviously, .999 pure is more valuable than .925. However,...to acquire .999 you have to pay huge premiums. So let's start the debate,..at what point or price should one settle for .925 instead of .999? Where I live,..to acquire .925 I pay only about $2 above spot price,....no premiums no taxes,..very cheap. To buy .999 you pay almost double spot price including premiums, commissions, taxes and having to give ALL my personal info
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The only way people will net benefit on the long term is by letting the market decide the interest rates. If a central institution (ie. government/FED) raises the rates, it is a near certainty they will either not raise the interest enough or raise it too much.
There are places where people will educate you objectively. On mises.org for example.
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@myusernameisluc Logically, raising rates would SOLVE PROBLEMS. It would reward savers and disciplined people. The economy would crash. EXACTLY, stupid undisciplined people would get flushed out and smart people would benefit. Ex: lower housing prices, lower prices on everything you normally borrow for such as a car. And the "discplined/saver" WILL BENEFIT. But nowhere they would educate you on the other side of the coin.
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woaah kiyosaki on the alexjones show who is next the pope?
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He has solid ideas, he is right on most fronts. His rich dad poor dad free seminars are garbage same guy's running that sell used cars,time shares.
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@myusernameisluc absolutely. bernanke aims to keep rates low to encourage new loans -> lead to more investments, its a cycle. The big reason is also that if rates go up the government can not pay the interest on the 14trillion+ debts.. and that is when it defaults..
Now he talks about 2K, 2.5k and 3K sucker buy price for Au. What is this? How about cash is trash? He talks about targets. Which means if the Au goes to 2.5k or Ag to 100$ for instance you must lock in profits and sell the Au or Ag for trash? How about the "one unique opportunity in history" his buddy Maloney talks about all the time and the "absolute guarantee of the dollar explosion"? Again I don't mean to upset anyone but I would appreciate a clarifying reply.
EngineeringFun 6 months ago 6
He laughs like that because he sees idiots every day who get defensive and jealous, a sign of weakness. Don't shoot the messenger because he's better off than you and now tries to share that message with you. If you get emotional, you get stupid. Learn!!!
Digitaizen 4 months ago 4