G0ldfinger Posted September 1, 2008 Author Report Share Posted September 1, 2008 Robert Kiyosaki crook or not, he will really kick the precious metals into touch. He has a huge audience with his books, internet sites and TV appearances over in the US. He was probably one of the main people hyping up the housing market.... in phase 3 of that bull run. I d watch this space, he has a new book coming out with Mike Maloney about investing in Gold and Silver - I believe this will be the start of phase 3 very soon. Fair enough, he might really push PMs that way. In the end he might end up as someone people will blame when they possibly lose lots of money in precious metals when the bull will be over. Link to comment Share on other sites More sharing options...
notanewmember Posted September 1, 2008 Report Share Posted September 1, 2008 I see robert is pounding the metals table and its rippling across the alternative media - g.seek listed here too http://www.silver-investor.com/ see also 14/8/08 Link to comment Share on other sites More sharing options...
kernull Posted September 1, 2008 Report Share Posted September 1, 2008 we are right at the intermediate top in the $USD Link to comment Share on other sites More sharing options...
stevecook172001 Posted September 1, 2008 Report Share Posted September 1, 2008 Listening to the "today" programme on Radio 4 this morning.... Section on the price of gold and the disparity between the gold spot price in the markets for good delivery bars and the price for smaller investmewnt bars and coins. The analysis basically stated that the spot price on the markets was falling due to people shorting the market in the expectation of a recession. However, the people buying physical bullion ( in particular, coins) were doing so with a much longer term view of a global monetary crisis in mind. Hence the price was holding up in this market sector. It also went on to suggest that such longer term investors saw this as a buying opportunity Very interesting interview Link to comment Share on other sites More sharing options...
Compounded Posted September 1, 2008 Report Share Posted September 1, 2008 Robert Kiyosaki ......... has a huge audience with his books, internet sites and TV appearances over in the US. He was probably one of the main people hyping up the housing market.... in phase 3 of that bull run. His RichDad book was one of the first I read and it helped me appreciate some of the basics 1. The house you live in is not and investment it is a liability (Big House = big bills ) - it's not good if it is your biggest asset. 2. He was banging on about the government's unsustainable liabilities years ago and IMO is quite right to assert that relying on the government to look after you is unwise. I do think he was far too rental property bullish - I think he mentored Casey Sarin!!! Listening to the "today" programme on Radio 4 this morning.... Section on the price of gold and the disparity between the gold spot price in the markets for good delivery bars and the price for smaller investmewnt bars and coins. The analysis basically stated that the spot price on the markets was falling due to people shorting the market in the expectation of a recession. However, the people buying physical bullion ( in particular, coins) were doing so with a much longer term view of a global monetary crisis in mind. Hence the price was holding up in this market sector. It also went on to suggest that such longer term investors saw this as a buying opportunity Very interesting interview Thanks for posting this I missed it and as you say it's interesting. Link to comment Share on other sites More sharing options...
cazlane Posted September 1, 2008 Report Share Posted September 1, 2008 Some people seem to think Kiyosaki is a crook. Not sure what the status of the public debate on this is. He claims in the show to have sold gold at $700 and that he has been in the oil business since 1966 (that's when he was 19). http://en.wikipedia.org/wiki/Robert_Kiyosaki What I am most curious to know is were they REALLY making toothpaste tubes out of lead when he was a kid as he claims in his book? Link to comment Share on other sites More sharing options...
tazer Posted September 1, 2008 Report Share Posted September 1, 2008 What I am most curious to know is were they REALLY making toothpaste tubes out of lead when he was a kid as he claims in his book? They sure looked like lead to me and many old homes had lead water pipes. Parents told me to run the water for for a while before drinking. Link to comment Share on other sites More sharing options...
Catflap Posted September 1, 2008 Report Share Posted September 1, 2008 we are right at the intermediate top in the $USD Great chart Ker - do you have a source or is it your own work? I've been buying commodities recently since the bottom so this should really help to determine another top. I might have to consider setting up a dollar account when I sell rather than leave it in sterling cash. Any further analysis on Elliot waves for the US dollar index from anyone would be great - still learning this one, so simple explanation needed Here's a good read as well (showing how US Dollar is a mirror image of commodities): http://www.marketoracle.co.uk/Article5911.html Link to comment Share on other sites More sharing options...
Bobsta Posted September 2, 2008 Report Share Posted September 2, 2008 <MC Hammer> STOP! Shopping time!</MC Hammer> BTW, are we going to have a new September thread (Steve / Dr ? Link to comment Share on other sites More sharing options...
frizzers Posted September 2, 2008 Report Share Posted September 2, 2008 I'm afraid it looks as if we are going to get a retest of the lows. If they hold that will set up alovely W bottom. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 2, 2008 Report Share Posted September 2, 2008 Continued from: Gold Investment & Trading - #6 : Aug. 2008 Is the summer selloff in CDNX ending? http://www.greenenergyinvestors.com/index....ost&p=56319 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 2, 2008 Report Share Posted September 2, 2008 <MC Hammer> STOP! Shopping time!</MC Hammer> BTW, are we going to have a new September thread (Steve / Dr ? Thanks for the reminder. I guess it's me. New thread here: http://www.greenenergyinvestors.com/index.php?showtopic=4139 Please use the new thread, thanks Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 2, 2008 Report Share Posted September 2, 2008 And we start September with: Gold = $802.6 Silver = $13.12 Link to comment Share on other sites More sharing options...
headmelter Posted September 2, 2008 Report Share Posted September 2, 2008 And we start September with: Gold = $802.6 Silver = $13.12 and £1 = $1.78 £1 = e1.22 Link to comment Share on other sites More sharing options...
enrieb Posted September 2, 2008 Report Share Posted September 2, 2008 I've had a few people I know question if I still think gold is a good investment given the recent falls, but they are often quite surprised when I tell them that in terms of the falling pound the sterling price of gold is holding up quite well, unlike their other sterling denominated investments. $805 gold spot price is £450 You can look at the sterling price of gold on goldline.com and see Krugerrands at £482, Britannia, Panda and Eagles at £496 Gold only has to go back into the low $900s for the sterling spot price of gold to go over £500, then it would be difficult to by bullion coins for much less than £550. http://www.goldline.co.uk/bullionCoinsPage.page Link to comment Share on other sites More sharing options...
headmelter Posted September 2, 2008 Report Share Posted September 2, 2008 I've had a few people I know question if I still think gold is a good investment given the recent falls, but they are often quite surprised when I tell them that in terms of the falling pound the sterling price of gold is holding up quite well, unlike their other sterling denominated investments. $805 gold spot price is £450 You can look at the sterling price of gold on goldline.com and see Krugerrands at £482, Britannia, Panda and Eagles at £496 Gold only has to go back into the low $900s for the sterling spot price of gold to go over £500, then it would be difficult to by bullion coins for much less than £550. http://www.goldline.co.uk/bullionCoinsPage.page Agreed. Despite most all of my purchases being above $850 in relation to sterling I'm still in the black. Link to comment Share on other sites More sharing options...
romans holiday Posted September 2, 2008 Report Share Posted September 2, 2008 Good point. I bought gold with New Zealand dollars and Korean won a good few months back. These two currencies must nearly qualify as the two worst performers as they have both slumped in the past few weeks. Do not know whether I am still in the "black" but to be frank do not really care. I just view both gold and silver as alternative [natural] currencies, and they may fluctuate against the rest, especially as the dollar goes up short term as the asset bubble continues to unwind. I expect them to come into their own in the medium/long term. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 2, 2008 Report Share Posted September 2, 2008 I have to post these. First the US$ version: Then the GBP version, which as said above, doesn't look as knocked down: But just look at the NZ$ version: Edited to add JPY one. I remember when the Gold or JPY thread started. JPY hasn't done badly, but gold is winning. Link to comment Share on other sites More sharing options...
romans holiday Posted September 2, 2008 Report Share Posted September 2, 2008 Yeah... I think this is quite important, as long as you are worried about POG, to put it in the context of a few currencies. The US dollar may continue to strengthen against all currencies [short term] as assets continue to deflate. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 2, 2008 Report Share Posted September 2, 2008 Good point. I bought gold with New Zealand dollars and Korean won a good few months back. These two currencies must nearly qualify as the two worst performers as they have both slumped in the past few weeks. Yep, you did well to out of the NZ$. It's good not to be in it, seeing NZ$ denominated assets falling. Link to comment Share on other sites More sharing options...
Wigler Posted September 2, 2008 Report Share Posted September 2, 2008 Arrghhh!! Gold down another $20 My first 2 investments in Gold (though small) have been a couple of days before big drops in the price Link to comment Share on other sites More sharing options...
Bobsta Posted September 2, 2008 Report Share Posted September 2, 2008 I'm afraid it looks as if we are going to get a retest of the lows. If they hold that will set up alovely W bottom. Silver at $12.83 ... blimey. Very tempting, even with the pound on the floor. Link to comment Share on other sites More sharing options...
creditcrunch Posted September 2, 2008 Report Share Posted September 2, 2008 Arrghhh!! Gold down another $20 My first 2 investments in Gold (though small) have been a couple of days before big drops in the price Me too, I got my second 1 oz Kruger yesterday morning. Bloke before me just picked up a couple of large gold bars!!! I felt a little inadequate when the lady behind the counter asked how much gold I wanted. Link to comment Share on other sites More sharing options...
kernull Posted September 2, 2008 Report Share Posted September 2, 2008 Great chart Ker - do you have a source or is it your own work? no, not my own, (from kitco's kingofgolds thread) but expressed my own beliefs however, after todays action, i think we are going higher, probably 80 in the USD, because oil at 105 level is weak and all the currencies are yet not found supports/resistance, these are supports for currencies so far: EUR/USD: 1.4300 GBP/USD: 1.7500 AUD/USD: 0.7800 USD/CAD: 1.1000 either these currencies hit support/resistances or oil confirms strong support at 100, one of these two has te be completed before strong upside in gold Link to comment Share on other sites More sharing options...
alexreeve Posted September 2, 2008 Report Share Posted September 2, 2008 Silver at $12.83 ... blimey. Very tempting, even with the pound on the floor. Calling the bottom? Link to comment Share on other sites More sharing options...
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