Saturday, March 29, 2014

10 Actions that Will Make You Rich

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People Have No Idea A Terrifying Global Meltdown Is Coming / March 28, 2014
Today Egon von Greyerz told King World News that unsuspecting people around the world have no idea that a terrifying global meltdown is coming, because if they did, there would be panic like we are seeing right now in Japan.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.
Greyerz:  “Eric, it’s interesting to see that people are queuing up for 3 hours in Tokyo to buy gold bars.
A shop reported the busiest period in its 120-year history.  So, clearly some Japanese are seeing that Japan is on its way to bankruptcy, with massive money printing and a collapsing currency….
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Why do people believe the home ownership myth?

In my previous article I explained why buying a house is often a very silly financial decision, especially for people who are young, or those that have a low net worth.
In this article I’m going to explain why I think people are so infatuated with the idea of buying and owning a house, even though, if you look a the facts, it goes against many of the investment principles they believe in and hold dear.
But first, I need to address one of the myths about buying residential property, which was brought up in the comments section of my previous article.

Myth #1: Buying a house is a way to beat inflation

The theory is:
It is worth borrowing a huge amount of money to purchase a house because, not only will your property appreciate in value over time, your loan amount will also decrease in value in record time, partly because you are paying off a bit of your loan every month and partly because inflation eats away at the value of the amount you still owe!  (more)

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James Rickards (March 2014) Interview on Sprott Money News

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David Morgan — Palladium Is Leading The Precious Metals

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Man Who Made Legendary Call In Silver Tells KWN What’s Next / March 28, 2014
Two days ago KWN published a piece titled One Of The Greatest Market Calls In History Happened In Silver.  This piece received a great deal of attention from readers around the world because it featured the astonishing market calls made by the CEO of Hinde Capital, Ben Davies, in the silver market.  The first call was for an upside explosion in the price of silver in August of 2010.  The price of silver then soared $32 in a matter of months.
Astonishingly, Davies then called for a crash in the price of silver on May 2nd, 2011.  The price of silver immediately plunged nearly 30% in just 4 days.  It was one of the greatest markets calls I have ever seen because, amazingly, Davies predicted the crash would happen within 3 to 5 days.  KWN was able to secure an interview with the man who made one of the greatest market calls in history, and yes, Davies talked about where the price of silver is headed in the future.  Below is what the Davies had to say in this timely interview.
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Corn Looks Like It’s Flagging Nicely

3-27-2014 zc daily
A breakdown below this flag (or pennant as some might call it) would signal to us that some further consolidation is necessary here and Corn is not quite ready for the next leg higher. I believe this is the lower probability outcome, but keeping an open mind to all possibilities is very important. I think the false breakdown to start the year is the catalyst necessary to keep this uptrend going.  (more)

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