Points :
- Do not work for debt. Learn how to use the debt.
- Middle class people hoard cash because they are not financially educated. They work, save money, put the money in Wall Street.
- Robert's savings (IRA) are full of gold & silver. He does not invest in stocks/ bonds.
- He borrows money from banks. He does not save money in the banks.
- Don't wait until gold has pass USD2000/oz before you come in. (Currently, it lingers around USD1380/oz to USD 1420/oz. The highest gold price is USD1426/oz)
- He is into Small Cap IPO which he knows. But he does not recommend this to everyone.
- Recommend people to get financial education first
- Robert does not sell his gold/silver/real estate coz' he is an investor, not trader.
- Robert hold cash in gold & silver. If he has excess money, he changes it into gold & silver.
- Best ride is silver.
- Silver is very rare now, used in water purification, cellphones, computers, hi-tech, used a lot in industrial age. Silver is being consumed while gold is being hoarded. If we need silver, he wants to buy silver (physical).
- Middle class will be wipe out by tax & inflation. Either way, you get hit.
- Non-recourse financing
Really useful blog.Good work keeping this updated!Thanks a lot! Bullionist
ReplyDelete