Do We Have a Golden Future in 2013? [David Smith, Research Analyst for The Morgan Report]

James Turk's Outlook for Gold for 2013 to 2015

Olam update: Technical Analysis

MACD is oversold and has crossed over, with high volume. Possible bounce is imminent all the way up to the 50 day moving average at the 1.7 level, which also is the 50 percent retracement level. This is just an opinion and not a trading/investing advice. Trade at your own risk and do your own research and study.

Olam International- Technical Analysis

Disclaimer: The charts and analysis provided here are not recommended for trading purposes but are instead intended to convey general technical analysis principles. Trade at your own risk. Futures trading in particular is fraught with peril due to extreme market volatility. All the content of this website is presented for educational and/or informational and entertainment purposes only. Under no circumstances should it be mistaken for professional investment advice, nor is it intended to be taken as such. The information and opinions contained at this site have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness.Neither the information nor any opinion expressed constitutes a solicitation to buy or sell any securities or investments or futures contracts. Readers therefore are encouraged to conduct their own research and due diligence and/or obtain professional advice before making any investment or trading decision. 

Monty Guild bullish on China

We are bullish on China. We believe the Chinese economy bottomed in April-May 2012. We expect economic growth of 7-8 percent in 2013, which is higher than any other major nation. –www.GuildInvestment.com

Olam-Muddy Waters tit-for-tat exchange

Muddy Waters Research Report on Olam
1. Muddy Waters Reaction to Olam Frantic Response [Dated November 20, 2012] can be found here
2. Initiating Coverage on Olam International- Strong Sell [Dated November 26, 2012] can be found here
3. Muddy Waters Offers to Pay for Olam Debt Rating [Dated November 29, 2012] can be found here
4. Stop-Gap Bailout of Olam Validates MW's Thesis [Date December 3, 2102] can be found here

Olam News Release 
1. Olam International commences legal action [Dated November 21, 2012] can be found here
2. Olam dismisses Muddy Water Report findings [Dated November 27, 2012] can be found here

The great principles of life [From: Happier than God- by Neale Donald Walsch]

The 5 great principles of life, that regulate the process of personal creation. From Neale Donald Walsch book; Happier than God.

1. The power of attraction, which gives you POWER
2. The law of opposites, which gives you OPPORTUNITY
3. The gift of wisdom, which gives you DISCERNMENT
4. The magic of wonder, which gives you IMAGINATION
5. The principles of cycles, which gives you ETERNITY

Jim Rickards - Currency Wars Simulation [Published on 20 Oct 2012 by Eboard25920]

Why I continue to accumulate silver for investment: 23 Oct 2012

-Through out history, the gold to silver ratio has averaged 15 to 1. Currently, the ratio is about 53.6 to 1 and most analyst believe that the ratio will revert to the mean of 15 to 1 most likely towards the end of this bull market.
-Silver is still below it's inflation adjusted 1980 high which is about $130 per ounce. Furthermore, it needs to rise by 56% from it's current level of $32 per ounce (23rd Oct 2012), to get up to $50 per ounce (1980 nominal high of silver). This offers great upside potential.
-Unlike gold, silver is also an industrial metal and gets consumed.
-Silver is a store of value against currency devaluation.
-Silver and gold are 10 years into what has been projected to be a 20-year bull market by legendary investor, Jim Rogers.
BUT the biggest reason of all is:
-From the monthly data that comes out from the U.S. mint, "...For every dollar that goes into gold, there is a dollar that goes into silver. With the price ratio between gold and silver being over 50 to 1, that means 50 times more silver is being sold by the U.S. Mint than gold." [Eric Sprott] he continues...
"But the availability of silver to buy in the world in relationship to the availability of gold to buy is in a ratio of 1:100, but they are buying on an 1:1 basis, which would suggest that silver will be way more explosive than gold, unless of course that changes dramatically."

GoldCorp discovered the World's richest Gold deposit [Rob McEwen]

Eric Sprott- CEO Sprott Asset Management [webcast live from Bayards in New York on October 11th, 2012]

Jim Rogers on money printing

"throughout history, when they [Central banks] printed a lot of money you protect yourself by owning real assets." Jim Rogers

SilverMoneyFuture Interviews Ned Naylor-Leyland [Published on 12 Oct 2012 by Silver Money Future]

Prepare for What's Coming with Gold and Silver-Tom Cloud [Oct 14, 2012 by usawatchdog]

W.D. Gann: The Tunnel Thru The Air

W.D. Gann understood the natural laws laid down in the Bible and highly valued science, foreknowledge and preparedness. His book, THE TUNNEL THRU THE AIR contains a hidden secret which one must seek to unlock the veiled meaning. The Bible contains the key to having the ability to knowing the future, "the rules foretelling the events in the history of the country, the progress in invention, and also rules for forecasting the future of stocks and commodities." W.D. Gann believed that, "Ezekiel is the greatest of all prophets", and that "The Bible is full of references where God has given us signs by which we may know what is coming...".
Bible says:
"And God said, Let there be lights in the firmament, of the heaven to divide the day from the night, and let them be for signs, and for seasons, and for days, and years."

My personal favourite aspects of the book were as follows:

"History repeats itself,...that in order to know and predict the future of anything you only have to look up what has happened in the past and get a correct base or starting point." This contention by W.D. Gann, came from interpreting the verse Eccl. 1:9:
"The thing that hath been, it is that which shall be; and that which is done, is that which shall be done: and there is no new thing under the sun."

"...the cycle theory, or law of harmonic analysis, is the only thing that we can rely upon to ascertain the future."

Love is the greatest of all things. Love inspires and creates everything. St. Paul, who said that "...love suffers long and is kind, seeks not its own, is not easily provoked and thinks no evil."
Fear will attract that very thing you fear [Book of Job, "I had a great fear, and it has come upon me"]. Hence do not, "...fear difficulties nor criticism."
The Bible said that whenever you pray, "believe that you have it and you shall."

"...live according to cause and effect, which is God's divine law."

"The great law of vibration is based on like producing like. Like causes produce like effects. Wireless telegraphy, the phonograph and the radio are based on this law."

"...the law of compensation; that when a man broke faith with others, he had broken faith with himself, and that failure would follow."

"...on the "river of time" there are many trials, tribulations and disappointments." Hence it's important to stay the path and "...trusting and believing in Him who knoweth and doeth all things well." This is repeated again later on in the book where, "He knew that sorrows, sufferings and disappointment had to come before joy and happiness; for every day of sunshine comes a night of darkness, for every aching in the heart there is a returning flow. That all the laws of Nature taught the eternal law of action and reaction."
"Romans 5:3-4: 'And not only so, but we glory in tribulations also: knowing that tribulation worketh patience; and patience, experience; and experience, hope.'"

In the Bible: "whatsoever a man soweth, he shall also reap" a divine law and a natural law.

The Bible says that one cannot do much alone, "where two or three are gathered together, there God will be to own and to bless."

Repeated words in the book:
Love
Gratitude
Patience
Kind
Merciful
Faith
Trust
Generous
Purity
Firmness
Strength
Confidence
Determination
Hope
Courage
Perseverance
Honest
Honourable
Loyal
Ambition
Understanding
Forgive and forget
Devotion
Brave
Bright
Brilliant
Justice
Liberty
Truth

The 'Smart Money' Is Rushing Out To Buy Gold

The Rich Get Richer Explained [Published on 10 Oct 2012 by malekanoms]

"US dollar is finished." Keith Barron

“Gold is going to keep going up until the US dollar is finished.  So the reign of the US dollar will come to an end, and we will see a new currency.  But in the meantime, you could see gold go to $3,000, $5,000, $7,000, $10,000, who knows?  It’s not really an appreciation in the price of gold, it’s a drop in the currency.
This is something people don’t really understand.  Gold is going up because the global fiat currencies are becoming worth less and less all the time.  If you look at a chart of the US dollar over the last century, the Fed has virtually destroyed the US dollar already, and this will just accelerate going forward." Keith Barron

Rick Rule Interview "You are either a contrarian or a victim" 8 Oct 2012

Eric Sprott on CNBC [highly concentrated investment in precious metals] - September 26th, 2012

W.D. Gann philosophy and wisdom

"Time is more important than price, when time is up price will reverse". W.D. Gann

There is an appointed time for everything, and there is a time for every event under heaven" Ecclesiastes 3:1

Dr Demartini - The Biggest Wealth Mistakes

QE3 explained by gold expert Jim Sinclair

Economic Effects Of QE3 Will Soon Enter The Markets

Posted By Jim Sinclair On September 20, 2012 (6:24 pm) In General Editorial

My Dear Extended Family,

Everyone has an opinion of QE3. Almost all are wrong.

What has taken place here in its size, and in an almost simultaneous international unified approach has no precedent in economic history.

QE1 and QE2 were not failures. Do you have any idea what the world would have looked like if every major bank in the Western financial world broke?

It is easy to be a naysayer and say let the banks go broke, but you have no idea how hard it would have hit you and yours and maybe gold and silver. This is not to say that Debt Monetization, which QE represents, is correct, but it was the only tool available to central banks that would create infinite cash for the Fed and Treasury to use in a totally discretionary manner. Governments, because of the size of their debt, were incapable of applying the better tool for reviving economic activity, which is fiscal stimulation. One thing for certain is the infrastructure of the USA is collapsing in front of your eyes. Dar es Salaam airport looks better on approach than JFK. Dubai is beyond description. Roads from the Beijing airport are brand new. The USA infrastructure is disgraceful for a major power. New York City roads look like “Mad Max and the Day After.” However when you are the major debtor nation fiscal stimulation is simply not possible. It will not happen because it cannot happen.

Please stop listening to those that tell you QE will have no effect. They are “Ignorant to Infinity.” QE3 is going to have an unprecedented effect, as it is now simultaneous and global in scope.

Please make note of all the governments that screamed at the Fed for the use of QE1 and QE2 that are now applying QE to infinity.

There will be no QE4 because QE3 is going to go on continually with a month or two off now and then. Please recognize that it is hard for markets to discount what they do not believe in and therefore by definition do not anticipate.

Know within 90 days the economic effects of QE3 will be entering markets for money and therefore the markets for gold, silver, and most certainly the dollar.

Gold is going to at least $3500. Silver will certainly perform well also. The real support for the US dollar is .7200 on the USDX and it will trade there. The euro will trade at $1.35 and $1.40.

Ron McEwen of MUX fame said it correctly: “Patience is bitter; but the fruit is sweet!”

Respectfully,
Jim

Article taken from Jim Sinclair's Mineset - http://www.jsmineset.com
URL to article: http://www.jsmineset.com/2012/09/20/economic-effects-of-qe3-will-soon-enter-the-markets/

Accountability With Children- Dr John Demartini

21 Ways Rich People Think Differently

QE3? Money Printing Will Absolutely Happen: Brien Lundin [6 Sep 2012 by KitcoNews]

Why Buy Gold and Silver? [by Deviant Investor on September 5th, 2012]

Why Buy Gold and Silver?

The simple answer is: Preserve Your Purchasing Power! Gold and silver are great investments in the current monetary environment, lovely to hold in your hand, historically interesting, and they provide financial and emotional security.

Consider these ten questions

• If you were putting something into a “time capsule” for your grandchildren to open in 40 years, would it be gold coins or $100 bills?
• Gold was under $300 per ounce in 2001. As of today, it is nearly $1,700 per ounce. How has the purchasing power of a $100 bill held up since 2001 compared to gold?
• Would you trust the veracity of a gold coin more than that of a politician?
• Central bankers can and do create trillions of Dollars, Euros, Yen, and Yuan. How many ounces of gold can central bankers create?
• How many hundreds of paper currencies throughout history have been inflated into worthlessness? Has a gold coin ever become worthless because of inflation?
• Have you ever held a gold coin in your hand? Would you like to?
• Gold was valuable 5,000 years before the “Dollar” was invented. Will it still be valuable 5,000 years from now?
• Gold pays no interest, so should I invest my savings in it? How much is your money market paying you these days? Less than 1%? Gold has averaged over 15% increase in price per year for the last decade. Which sounds better?
• Do you remember $.15 per gallon gasoline? Gold was worth about $40 per ounce at that time. Our economic system depends on a rapidly expanding money supply, which guarantees inflation over time. In simple terms, as prices increase, so will the price of gold. During some decades, the price of gold can increase very rapidly. I suspect 2010 – 2020 will be one of those decades.
• If I substitute silver for gold, are all of the above still true?

Think about the above questions and then think about your retirement, your savings, and your ability to preserve your purchasing power with gold and silver, in comparison to most other investments. I think an objective analysis will point toward gold and silver over most other investments.

from deviantinvestor.com

Rich Dad Poor Dad- Robert Kiyosaki (multi-millionaire)

Silver Price Projection – for 2013 [by Deviant Investor on August 27th, 2012

Silver Price Projection – for 2013

snippet:

Conclusion

An objective and reasonable estimate for the price of silver at the next intermediate peak (estimating 2013 – Quarter 2) is $50 to $60 per ounce(current price is about $28). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data stretching back to 1975. The actual price for silver at its next peak could be higher or lower, and the peak might be earlier or later, but this price range and approximate time is, by this analysis, the most probable.

For more on silver [XAG] investing, check out silverreport.blogspot.com

Louise Yamada predicts $5200 gold by 2018

"A $5000 goal for the metal is her most bold forecast. Carries weight." Harry Schultz [http://www.jsmineset.com/]

The Rothchild family

The Rothschild family is widely believed to control ownership in parts of the most influential central banks today due to their multi-generational history of understanding the value of, and capitalizing on, government enforced monopoly in currency creation. The “founding father of international finance,” as Forbes put it, and patriarch of the family, Mayer Amschel Rothschild said:

“Permit me to issue and control the money of a nation, and I care not who makes its laws.”

Mayer Rothschild understood that loaning currency to governments and kings was much more profitable than loaning to private individuals because the loans were bigger, and they were secured by the nation’s taxes.

Gold Could Breakout Any Day: Hinging on FED/FOMC News, Reflation vs. Deflation [Greg Weldon; July 11 2012]

Where Jim Rogers is putting his Money ? - CNN Money 18 June 2012

Silver Price Forecast: Silver Offers A Great Opportunity [7 June 2012]

Martin Armstrong -- Dominoes Don't Always Fall in a Straight Line [with Kerry Lutz

U.S. the biggest debtor nation in the world!

Thought of Love or thought of Fear-Free choice of which one of these to select

Be willing to LISTEN to your feelings, LISTEN to your thoughts, LISTEN to your highest feelings. Who you are determines how well what you do works!

Pimco's El-Erian Sees Synchronized Global Slowdown [Jun 1, 2012 by Bloomberg]

China and Japan to begin direct currency trading [01 JUNE 2012]

-China and Japan will start direct currency trading as Beijing marks another stage on its journey to internationalise the yuan.
-Forex traders will be able to swap Japanese yen for the Chinese unit without having to use the -US dollar as an intermediary currency.
-China is Japan's largest trading partner, but about 60 percent of their mutual trade is denominated in US dollars.

Jim Rogers: Global economic shocks coming in 2013-2014

End of the Road: How Money Became Worthless

Surround yourself with like-minded individuals!

Each of us has the capacity to build a strong network of like-minded individuals. We can choose who to let in to our inner circles, to lend support and to be supported. And we can make these choices based on shared values and a common ideology...

Will Greek exit the Euro? [Grexit]

-Hollande says EU must back Greece via Eurobonds, stimulas
-Germany remains opposed to Eurobonds

Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow

John Embry and James Turk on why the Gold Bull Market isn't Over [ May 20, 2012 by GoldMoneyNews]

Steve Jobs

Quote:

"Your work is going to fill a large part of your life, and the only way to be truly satisfied, is to do what you believe is great work and the only way to do great work is to love what you do." Steve Jobs 2005 Standford Commencement address

Currency Wars - James Rickards [March 18, 2012]

How to become a successful trader and/or investor

"Do not try arguing with a market and attempting to tell it why it is not behaving properly (that means going in the direction you THINK it should be going). Guess what? the market doesn't give a rat's ass what you or I or anyone else for that matter, thinks it should be doing. It will do what it wants to do, when it wants to do and the sooner you recognize that and give it the respect it deserves, the sooner you will be on your way to becoming a successful trader or investor."

Trader Dan Norcini http://traderdannorcini.blogspot.com/

Quote: Jim Sinclair

"...Stay balanced. Greed is a condition of lack of balance similar to fear." Jim Sinclair


We can not make good discussions or make good decisions regarding investments when we are out of balance. 


"The market manipulators depend on being able to unbalance you and the greatest tool they have is to supply credit to the margin junkies who live on the edge of greed." Jim Sinclair

Country full of opportunity: Singapore

Did you know that more than half of Singapore's population (of nearly 5 million people) falls within

the world's top 8.8% wealth bracket?The country's average wealth per adult is nearly $300,000 (USD) and rising. Given its favorable (and growing) wealth demographics, easy regulatory framework, and market transparency, Singapore is a great place to both start a business and to invest.

Gold standard inevitable, $10k/oz looms, says new book by Amphora CIO John Butler.

Jim Rogers on Markets, Economy and China [Apr 25, 2012 by WSJDigitalNetwork]

Dr Demartini talks about hierarchy of values

Quote of the Week...

"Being open minded is the path to personal growth. And personal growth will unlock the door to great riches for you."

Rick Rule: Mismatch of Silver Futures and Physical Availability is a Consequence of Stupidity [Apr 13, 2012 by visionvictory]

Understanding Fiat

A game changing breakthrough for anyone who feels frustrated....because financial results aren't coming fast enough.

Imagine a rocket about to launch in Houston Texas.

Escape Velocity is the speed this rocket needs to go to break free of the earth's gravitational pull.  

It's a staggering 40,000km an hour and  requires up to 1.9 Million litres of fuel.

However, after the rocket has broken free of the earth's gravitation field...it requires only about 20% of this amount of fuel to reach its destination.

That's because taking off is the hardest bit.

After that the rocket has 'momentum'.  It soars.

And it's the same with you achieving your goals in life.

Once you go past a certain point of struggle and effort...you get a new momentum... you take flight....you achieve your goals lightning fast.

Earl Nightingale - founder of the world's biggest personal development publishing company - puts it like this:

"A time can come for each of us when more will happen for us in six months than has happened in the previous six years.  Compound events in our lives can be compressed into remarkably short periods.” 

Definition of Investing

Warren Buffet defines investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power -- after taxes have been paid on nominal gains -- in the future. More succinctly, investing is forgoing consumption now in order to have the ability to consume more at a later date.

Seven Secrets of Self-Made Multimillionaires [By Grant Cardone | Entrepreneur – Thu, Feb 2, 2012 10:00 PM SGT]

First, understand that you no longer want to be just a millionaire. You want to become amultimillionaire.

While you may think a million dollars will give you financial security, it will not. Given the volatility in economies, governments and financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires last year found that 42 percent of them don't feel wealthy and they would need $7.5 million of investable assets to start feeling rich.

This isn't a how-to on the accumulation of wealth from a lifetime of saving and pinching pennies. This is about generating multimillion-dollar wealth and enjoying it during the creation process. To get started, consider these seven secrets of multimillionaires.

No. 1: Decide to Be a Multimillionaire -- You first have to decide you want to be a self-made millionaire. I went from nothing—no money, just ideas and a lot of hard work—to create a net worth that probably cannot be destroyed in my lifetime. The first step was making a decision and setting a target. Every day for years, I wrote down this statement: "I am worth over $100,000,000!"

No. 2: Get Rid of Poverty Thinking - There's no shortage of money on planet Earth, only a shortage of people who think correctly about it. To become a millionaire from scratch, you must end the poverty thinking. I know because I had to. I was raised by a single mother who did everything possible to put three boys through school and make ends meets. Many of the lessons she taught me encouraged a sense of scarcity and fear: "Eat all your food; there are people starving," "Don't waste anything," "Money doesn't grow on trees." Real wealth and abundance aren't created from such thinking. 

No. 3: Treat it Like a Duty - Self-made multimillionaires are motivated not just by money, but by a need for the marketplace to validate their contributions. While I have always wanted wealth, I was driven more by my need to contribute consistent with my potential. Multimillionaires don't lower their targets when things get tough. Rather, they raise expectations for themselves because they see the difference they can make with their families, company, community and charities. 

No. 4: Surround Yourself with Multimillionaires - I have been studying wealthy people since I was 10 years old. I read their stories and see what they went through. These are my mentors and teachers who inspire me. You can't learn how to make money from someone who doesn't have much. Who says, "Money won't make you happy"? People without money. Who says, "All rich people are greedy"? People who aren't rich. Wealthy people don't talk like that. You need to know what people are doing to create wealth and follow their example: What do they read? How do they invest? What drives them? How do they stay motivated and excited? 

No. 5: Work Like a Millionaire - Rich people treat time differently. They buy it, while poor people sell it. The wealthy know time is more valuable than money itself, so they hire people for things they're not good at or aren't a productive use of their time, such as household chores. But don't kid yourself that those who hit it big don't work hard. Financially successful people are consumed by their hunt for success and work to the point that they feel they are winning and not just working. 

No. 6: Shift Focus from Spending to Investing - The rich don't spend money; they invest. They know the U.S. tax laws favor investing over spending. You buy a house and can't write it off. The rich, in contrast, buy an apartment building that produces cash flow, appreciates and offers write-offs year after year. You buy cars for comfort and style. The rich buy cars for their company that are deductible because they are used to produce revenue.

No. 7: Create Multiple Flows of Income - The really rich never depend on one flow of income but instead create a number of revenue streams. My first business had been generating a seven-figure income for years when I started investing cash in multifamily real estate. Once my real estate and my consulting business were churning, I went into a third business developing software to help retailers improve the customer experience.
Lastly, you may be surprised to learn that wealthy people wish you were wealthy, too. It's a mystery to them why others don't get rich. They know they aren't special and that wealth is available to anyone who wants to focus and persist. Rich people want others to be rich for two reasons: first, so you can buy their products and services, and second, because they want to hang out with other rich people. Get rich -- it's American.

READ ORIGINAL ARTICLE

Quick Tip: Learn from successful people

Be open to advice from others can help. After all, learning from another’s expensive mistake can help insure you don’t do the same.

Business success is finding the right business model!

"The key to success is working harder...for longer hours....until you finally make it"

You may've heard this advice before...but is it always true? Consider this. 

Dale Beaumont released 15 bestselling books in 2 years – something no other Australian author has accomplished.

This allowed him to make $1.2 million in business income by age 30.

Question: How did he crank out 15 best-selling books...in the same time most authors might get only one book done?

Answer: He worked strategically.

For each book in his 'Secrets Exposed' series he got a different expert to contribute each chapter.

So, instead of 1 person writing 15 books which might take 30 years...

He had over 120 experts write one chapter each...which took just a couple of years.

FACT: Up to 80% of business success is finding the right business model....just like Dale did.

Keys to success [by Billionaire Eric Sprott]

Be pragmatic
Think independently
Be bold
Search for opportunities

The Broken Window Fallacy

Silver And The Shift To Measuring Wealth In Ounces Instead Of Dollars [http://hubertmoolman.wordpress.com; Feb 2, 2012]

Quote of the week: Robert Kiyosaki

"Donald Trump thinks in billions and I think in millions. In order for me to become a billionaire…I had to expand my mind to think in billions." Robert Kiyosaki

SBSS 5. Infinite Money Finite World [Jan 27, 2012]

Understanding the Current M2 Money Supply

The Federal Reserve has one tool comprised of 3 separate functions which are all a mechanism to increase liquidity in the overall system. To express this liquidity, the following chart from the Fed shows the M2 money supply levels:

The 3 functions are the printing of currency, the monetization of U.S. Treasury debt (QE, QE2, QE2.5, Operation Twist), and exceptionally low interest rates (ZIRP) near 0 for an "extended period of time (2014)."

If central banks around the world continue to print money there are only a few places to hide. Precious metals and other commodities like oil will vastly outperform stocks in the long run if the Dollar continues to slide.

Chris Vermeulen [The Fed, the S&P 500, & Why Gold Is Shining Bright; January 27, 2012]

Are you feeling Intimidated? This can hold you back from achieving many things!

Any time you are too humbled to admit what you see in them is inside you and you are exaggerating what they have and minimizing what you have, you set yourself up for intimidation.

Road to wealth: Wealth cycle

Predicting the future...

"...... predicting the future is never easy. The best chance of getting it right results from having a clear understanding of the past, an understanding of the direction in which the most important factors are moving and the momentum with which they are moving. If a person has a good understanding of what the important factors are (credit/debt, government spending, paper money creation, globalization, income & income distribution, and technological change), their history and their momentum or force, then he or she will have a much better chance of understanding how those factors will shape the future." Richard Duncan [Author of The Dollar Crisis]

Quote of the week

"Money has never been important to us, but our freedom and the freedom for our children means everything!"
Philip & Lisa H. 

US NATIONAL DEBT [Peter Schiff U.S. is In Worse Shape Than Europe;FoxBusiness Jan 17, 2012]

"The crisis we are creating is going to be much bigger than the financial crisis of 2008; and if our leaders couldn't see that one coming it stands to reason that they're not going to see this one coming." Peter Schiff

Assets vs. Liabilities

Simplified:
Assets cashflow money into your pocket [income]
Liability takes money out from your pocket [expense]

Eg. A house you own can be both an Asset or a Liability depending on the key word CASHFLOW. If you are renting out your property and it is bringing CASHFLOW into your pocket every month, then it's an ASSET. If you are living in your property and have expenses related to the ownership of this property, flowing out each month, then it's a liability. This is an important differentiation and to be RICH you need to understand this.

Sharing a personal message from my mentor

Dear.........,

More than terrorism, more than natural disasters, the biggest fear most people have is outliving their money. Our natural reaction to any fear is to fight, flee or freeze. Financial fear often leads to paralysis - where you ignore your money problems and hope they will somehow go away.

Don't let fear cost you money.

Every day I am seeing increasing turbulence in the markets. "Playing it safe" by trusting others with your financial future is probably the riskiest thing you can do. People who used to dream of getting rich are now just hoping not to lose their home. Without financial education, you're at the mercy of the market.

Sincerely,

Mentor

How you look at MONEY

If you truly do not have a value on MONEY, then you will struggle with it your whole life.

When the WHY is big enough the HOW's take care of themselves, if you have a big enough reason for building wealth- you will!

1. What are the benefits of building a business that serves ever greater numbers of people. Money is a bi-product of services rendered.
2. Write down the benefits of polishing, refining and managing most effectively and efficiently that business to maximize profits. Work on the business and not just in the business.
3. You have to save the profits. If you don't have liquidity you have volatility. So you must have liquidity. If you have liquidity you don't have a survival mentality, you think about CREATIVITY. This is the importance of psychology of having a stable foundation to build an empire around it.
4. Write the benefits of investing in an ever progressive leverage and risk system.
5. Write the benefits of amassing a fortune.
6. Write down the benefits of creating a cause a financial cause that leaves a legacy.

From Dr John Demartini

Quick tip: We have a Body, we have a Mind and we have a Soul

The body must be guided by the Mind, Mind must be directed by the Soul, in order to maximize Human Potential!

"Most people, when they're not living fulfilled by their highest values, they're looking for immediate gratification which cost them their life, instead of long term vision that inspires them." Dr John Demartini

Quick tip: Overcome your FEAR

Decide on the path to financial freedom, get the financial education you need to succeed and take ACTION now!

Why the Wealthy Own Gold [Monday, 9 January 2012; Mark Motive- publisher and chief author of Plan B Economics]

The global economy is in turmoil. Europe is on the verge of collapse, probably taking the US down with it. As the euro-crisis worsens, we march ever closer to outright monetization of European debt by the ECB and, covertly, by the Federal Reserve. The developed world is perilously close to a monetary deluge that could make the Weimar Republic's hyperinflation look like amateur hour.  

Yet, I still talk to Wall Street analysts who clearly misunderstand gold's place in a portfolio. Meanwhile, many people who are part of the world's wealthy class are hoarding gold. What do they know that others don't?

If you ask the common man in the street about investing in gold, most will give you a strange look. After all, they believe investing is about stocks, bonds, and CDs.

If you ask someone with a bit more investing knowledge, they will tell you to buy gold during inflationary periods.

If you ask a relatively sophisticated investor, they will tell you to buy gold during deflationary and inflationary periods. Some may even say to buy gold during periods of uncertainty and instability, or when real interest rates are negative.

However, if you ask the world's wealthy class about gold they will give you a very different answer. At Plan B Economics, we've found that most of the world's wealthy class doesn't view gold as an investment at all! I would argue these folks have it right. Simply put, they consider gold to be a store of wealth and believe that anytime is a good time to own some gold.

Read more @ ORIGINAL SOURCE

2012 outlook from Jim Rogers perspective 03 Jan 2011

Inflation

"Inflation has always an indirect form of taxation that imposes a hardship on those with fixed incomes"
Martin Armstrong [ http://armstrongeconomics.com/ ]

Chinese proverb...

"The best time to plant a tree is 20 years ago, the second best time is today!"

Empire Club Outlook 2012: Why Rising Debt Will Lead to $10,000 Gold [Jan 06 2012]

"Individuals can protect or even increase their wealth through Gold ownership" Nick Barisheff

Quick tip: The Rich understand the power of compounding

Compound interest is when you earn interest on your interest. To demonstrate the power of compounding, suppose you deposit $10,000 (principal amount) in an investment account that pays 10% interest annually;

At the end of:-
1 yr $11,000
2 yr $12,100
3 yr $13,310
4 yr $14,641
5 yr $16,105.10
6 yr $17,715.61
7 yr $19,487.17
8 yr $21,435.89
9 yr $23,579.48
10 yr $25,937.42

After 10 years, your total percentage returns is 159.37%

Americans make up half of the world's richest 1% [By Annalyn Censky @CNNMoney January 4, 2012: 11:41 AM ET]

Outlook on CURRENCIES in 2012

"Ongoing political uncertainty is likely to continue to weigh on markets. With ongoing financial tensions in Europe evolving into contagion risks to global economic growth, we believe central banks around the world may begin another round of expansionary monetary policies in 2012. The process is already underway - policy makers in Asia, notably China, have already begun relaxing policies, while the central banks of Australia, Norway, Sweden and the ECB have all cut target rates. There will be a much more dovish composition of FOMC voting members in 2012 and the central banks of Japan and the U.K. have also shown they are most willing to put in place expansionary policies. We believe these trends will benefit the currencies of commodity producing nations, as well as the Asian region."  Axel Merk 

Quick update: European debt crisis; is US dollar a safe haven?

Here is what Peter Schiff [CEO of Euro Pacific Capital] had to say about this:

"Once again, the mainstream narrative is that the real danger is in Europe and therefore the US offers a safe haven. This has caused a stampede out of the euros and into dollars. But as we've seen over the last few years, the euro and dollar can decline simultaneously - and will continue to do so as more and more investors realize that the real safe haven is gold."

"For smart investors, dollar strength caused by euro fears is simply an opportunity to buy contra-dollar assets on the cheap. Yes, I believe sub- $30 silver and sub- $1600 gold are still cheap for what's ahead. And with 2012 forecasts of $2,200 by Morgan Stanley, $2,050 by UBS, and $2,000 by Barclays, it appears I'm not alone.

To read more, here is the FULL ARTICLE


If you are interested in GOLD, then perhaps your should notice SILVER. Here is what, James Turk [Founder & Chairman of Goldmoney.com] had to say about Silver from his interview with Eric King;

James Turk - Gold is great, but Silver is the next Apple


To learn more about Silver investing, follow my blog; silverreport.blogspot.com

Quick tip: Opportunities comes to those that are READY

The Rich sees enormous opportunities in time of economic crisis, and employ their CASH in undervalued investments

EUroZone: Europe at the Brink, Part 3: The Crisis Spreads [Jan 4, 2012]

EUroZone: Europe at the Brink, Part 2: A Fuse Is Lit [ Jan 4, 2012]

EUroZone: Europe at the Brink, Part 1: Imperfect Union [Jan 4, 2012]

Quick tip: Surround yourself with people that keep you FOCUSED

When you surround yourself with people who have already achieved what you want to achieve, you greatly increase your likelihood of success.

Quick tip: THINK LIKE THE RICH!

The most effective way to change your current financial state [poor and middle-class] is to change how you think about money. THINK like the Rich and change your life, because thoughts drive behavior.

Pay yourself first!

Financially successful people have a good habit of paying themselves first. For every dollar that flows in, a given portion is put aside (ranging from 10-30%) before paying their expenses. Let's say it was 20%. Half of this may go into a savings account for their emergency fund and the remaining half may be put into an investment account.

Multi-millionaires not only have the discipline to save, but are always thinking about ways they can expand their means and increase their cash flow. Notice what's wrong or missing in the world and find opportunity in it.

Seven stage life cycle of currency

Stage 1 – Good Money
Stage 2 – Social Programs
Stage 3 – Military Empire grows
Stage 4 – Funding the military

Stage 5 – Currency taken off the Gold Standard
Stage 6 – Inflation [three major problems with the events of 1913, 1944, and 1971. The first is that the Fed, the World Bank, and the IMF are allowed to create money out of nothing. This is the primary cause of global inflation]
Stage 7 – Currency collapses

The global economy is currently between stages six and seven and history has shown us that the greatest transfer of wealth occurs during these two stages. ALL fiat-based currency systems throughout history have failed, and 40 years is typically the longest such systems survive before collapse or mass devaluation. This information is vital to understand so that anyone can capitalize on the opportunity during these current economic conditions. Opportunities this big don't come along often, so this is your time to get rich!

"Without financial education, your money flows to those who profit from your financial ignorance" Robert Kiyosaki

Singapore's 40 Wealthiest, 2011 [Information from Forbes.com]

40. Sunny George Verghese [210mil]- CEO of OLAM INTERNATIONAL (Agriculture)
39. Victor Sassoon [235mil]- Owner of Coffee Bean & Tea Leaf
38. Vivian Chandran [238mil]- Sold their 51% stake in Chemoil to commodities firm Glencore
37. Mustaq Ahmad [240mil]- Owner of Mustafa center
36. Yaw Chee Siew [260mil]- Chairman and major shareholder of OTTO MARINE (Oil & Gas)

35. Lee Kian Soo [300mil]- Founder of EZRA HOLDINGS (Oil & Gas)

34. Cheng Wai Keung [305mil]- Chairman of WING TAI HOLDINGS (Property)/Also Chairs Neptune Orient Lines

33. Oei Hong Leong [310mil]- Son of Indonesian Billionaire

32. John Lim [340mil]- ARA Asset Management (REIT)

31. Ho Kwon Ping [345mil]- Banyan Tree Hotels & Resorts 

30. Simon Cheong [355mil]- Runs SC GLOBAL (Property Developer)

29. Kwek Leng Peck [380mil]- Inherited stake in HONG LEONG GROUP 

28. Yao Hsiao Tung [385mil]- Cofounded Hi-P International (Electronics maker)

27. Olivia Lum [460mil]- Founder of HYFLUX (Water-treatment)

26. Ow Chio Kiat [465mil]- Chairs Stamford Land (Hotels & Property)

25. Henry Ng [485mil]- Controls Pan-United (Singapore's largest cement & concrete supplier)

24. John Chuang [510mil]- Co-Founder of PETRA FOODS (Cocoa ingredients supplier)

23. Loo Choon Yong [515mil]- Co-founder RAFFLES MEDICAL (Healthcare)

22. Ron Sim [540mil]- Founder of OSIM INTERNATIONAL

21. Chua Thian Poh [555mil]- Co-owner HO BEE INVESTMENT (Property Developer)

20. Chang Yun Chung [645mil]- Co-founded Pacific International Lines (Shipping)

19. Kwek Leng kee [680mil]- Inherited stake in HONG LEONG GROUP 

18. Ho Sim Guan [715mil]- Stake in UNITED OVERSEAS BANK

17. Peter Fu Chong Cheng [720mil]- Head of Kuo International (Oil traders)

16. Lim Oon Kuin [840mil]- Founded Hin Leong (Oil trader)

15. Tan Boy Tee [850mil]- Founded LABROY MARINE (Tug-and-barge operator)

14. Koh Wee Meng [920mil]- Founded and CEO of FRAGRANCE GROUP (Property Developer)

13. Lien Family [1.1 Billion]- Inherited stake in United Overseas Bank

12. Sam Goi [1.2 Billion]- Food Tycoon (Singapore's Popiah King)

11. Zhong Sheng Jian [1.3 Billion]- Founder of YANLORD LAND (Property Developer)

10. Lee Seng Wee [1.4 Billion]- Retired Chairman of OCBC (Bank)

9. Kwek Leng Beng [1.7 Billion]- Heads Hong Leong Group (Conglomerate)

8. Peter Lim [1.8 Billion]- Veteren investor sold stakes in WILMAR & HEALTHWAY MEDICAL

7. Ong Beng Seng & Christina Ong [1.9 Billion]- Controlling stake of Mulberry (Fashion)

6. Kuok Khoon Hong [3.5 Billion]- Runs WILMAR INTERNATIONAL (Palm oil)

5. Kwee Brothers [3.9 Billion]- Own and control Pontiac Land (Property Developer and hotel operator)

4. Richard Chandler [4.0 Billion]- Co-founded Sovereign Global (Investment firm) and started Richard Chandler Corp.

3. Wee Cho yaw [4.2 Billion]- Chairman of UNITED OVERSEAS BANK

2. Khoo Family [6.7 Billion]- Inherited stake in STANDARD CHARTERED BANK and sold it to Temasek.

1. Ng Family [8.9 Billion]- Privately hold Far East Organisation