Archive for August, 2009
GoldMoney/goldmoney-news-alert”>
GoldMoney’s Founder James Turk interviewed at Baird & Co. by ITN’s London Tonight Show on 2nd June 2009.
Now you can open an international GoldMoney account in less than 60 seconds and take physical delivery of your gold bars.
>> Free GoldMoney Account Sign Up.
Duration : 3 min 15 sec
Channel Sponsered by TopStocks.com.au - http://www.topstocks.com.au
Video Response to Davincij
Silver and gold are the only monetary units worth considering. That is why Silver and Gold are a manipulated market - to give the appearance of confidence in fiat currencies, not precious metals.
Peter Schiff, Gerald Celente, George Soros, Jim Rodgers and such respected commentators have all indicated gold and silver are the investments to make in 2009.
END THE PAPER PONZI SCHEME.
silver investment, silver collection, peter schiff gold, jim rodgers gold, gold investing, gold, silver bullion, gold bullion, us economy collapse, us inflation, us corruption, economic meltdown, comex default, will comex default, ted butler
Duration : 0:7:20
Alert - 10 May 2009
The US Dollar Breaks Down
Last week the US dollar dropped 2.7% against both the euro and the Swiss franc. The dollar fell 2.4% against the basket of currencies comprising the US Dollar Index.
The dollar has been in a bear market rally since last July. Last weeks decline is further evidence that this bear market rally has ended, which is clear from the following chart.
http://goldmoney.com/en/images/commentary-images/commentary-charts/alert_2009-05-10a.jpg
The last bear market rally in the US Dollar Index topped out on November 16, 2005 at 92.33 (green dashed line). The current bear market climbed to only 89.11, well below the previous peak, which is a clear sign of weakness. The pattern of lower highs therefore remains intact, confirming that this index is still declining within a long-term downtrend.
Importantly, we can see that the US Dollar Index has now broken down from the uptrend channel marking the present bear market rally. Then on Friday it easily knifed down through its 200-day moving average, currently at 83.01. Next support for the index rests around 80, which marked the December 2004 low (red dashed line).
It is too early to say that the US Dollar Index is headed for a new all-time low. It may be that this index is just moving into a broad trading range, say, between 89.11 and the black dashed line. After all, the euro and other currencies that make up this index are not in much better shape than the dollar. In other words, the purchasing power of all national currencies is being inflated away.
http://GoldMoney.com/en/commentary/2009-05-10.html
Duration : 0:3:20
Most of us are well aware of the California Gold Rush of 1847. Thousands of people rushed to California in search of gold in hopes of gaining great fortune. It is true that many left disappointed and with significantly less than they arrived with. However, many people actually did find gold, lots of it and it dramatically changed their lives and the lives of their descendants, even those living today.
Over the past year or so, the number of houses for sale (inventory) has been increasing dramatically. For example, according to a chart provided by the Wall Street Journal1 , between October of 2006 and March of 2007 housing inventory in Los Vegas went from about 40,000 to about 120,000, Chicago went from about 46,000 to about 89,000, Miami went from about 25,000 to about 76,000, Pheonix went from about 17,000 to about 51,000. Housing sales is not dropping off significantly but the number of houses for sale is increasing very dramatically.
What does all this mean? Selling a house is very difficult in today’s market. According to the US Department of Labor2 inflation has gone up about 15.5% between 2002 and 2007. People are generally less able to pay bills than they were. According to an article published on RealtyTrac.com3, in the year 2005 alone, from the first quarter to the last quarter, the number of houses in some state of foreclosure throughout the United States increased about 25%. This means an awful lot of houses are going into foreclosure. This means an awful lot of people need to sell their houses quickly and cannot. This means an awful lot of houses are available for a whole lot less money than even their current market value.
So how do you go about finding a house that is in foreclosure? Finding *all* properties that are in foreclosure is very easy. Every County in the US has a records department where legal documents are recorded. Foreclosure documents are recorded in the County in which the house in question is located. These records are available to the public. Different States have different laws on foreclosure so you need to learn what documents are filed to initiate foreclosure proceedings in your State. In the State of Florida, the first document recorded is a Lis Pendens which officially notifies the owner/borrower that the lender intends to foreclose. By looking up the records you can learn the address of the property and usually the name and address of the owner/borrower. You can also subscribe to foreclosure listing services so you can look them up from the comfort of your home, at your convenience.
You may ask, ‘once I’ve found a house, how do I buy it?’. Especially if you don’t have any money. Many ways to get money exist but two exist that are most popular among real estate investors:
1. You can take existing loans ‘SUBJECT TO’ which means you just take over the loan’s payments, as is. You’d need to make up any back payments. This is not the same as to ‘assume’ a loan. You just take over the existing loan. Of course precautions exist: usually you’d put the house into a TRUST or something similar. Mortgage companies frown on it but it is legal. In fact most States have very strict laws (mostly concerning disclosure to the seller) about taking a loan SUBJECT TO. Real estate investors do it all the time and you can too.
2. HARD MONEY LENDERS - thousands of short term lenders exist who are more than happy to supply you with every dime you need to close a transaction. They’re not usually worried about your credit, they’re far more concerned with the feasability of the deal you have on the table. If they like the deal, they’ll lend you the money. Often, you pay NOTHING until you close the deal or sometimes even sell the house.
So, you can buy the house from the owner/borrower before it goes into foreclosure (which helps the seller) or you can buy it at the foreclosure auction. Most investors seem to prefer buying before the auction.
Real estate investors generally will not pay more than 70% of the current fair market value of the property minus repairs and renovations.
You may ask, ‘once I have the property, how can I sell it in this terrible housing market?’. Simple, don’t get GREEDY! Sell the property for 85% of it’s current fair market value. You’ll need to make sure it looks *real* good, usually paint and carpet (which should have been negotiated into your purchase price). Advertise in the news paper, real estate publications and with about 40 small signs around the neighborhood. Offer real estate agents 3% if they sell it for you. Alternatively, you can sell it very quickly to another investor for a lower price, say 75%.
The housing industry is in alot of trouble right now. But like most things, a balance is naturally being established and in a great part, by real estate investors. Yes, today foreclosures abound, but many people with a bit of initiative are rushing in and snapping them up, making a whole lot of money, changing their lives and their families lives and simultaneously helping to solve the problem.
1. http://online.wsj.com/public/resources/documents/info-flash07.html?project=housingInv07-0604&h=540&w=750&hasAd=1
2. http://www.bls.gov/bls/inflation.htm
3. http://www.realtytrac.com/news/press/pressRelease.asp?PressReleaseID=86
Marl K. Atkins
http://www.articlesbase.com/entrepreneurship-articles/the-new-gold-rush-the-foreclosure-boom-182655.html
i was told that we can’t produce paper money unless we have gold in the reserve to back it up? Can anyone explain this whole process to me cause i dont understand.
That’s what they did in olden times but that is long gone. No country on earth attempts to use a gold standard anymore. All money is "fiat money", meaning it has value by government fiat (ie, the government says so).
In reality money maintains value for exactly the same reason anything else of value does … people need it — people need a medium of exchange. So there is demand for it, and there is only a limited supply, so people have to make sacrifices to get it. Supply and demand = value.
http://www.california-gold-rush-miner.us
Gold, most is found as very fine flour type. Gold Nuggets, especially large nuggets are very rare! All nuggets sell for a premium over the spot price of gold. Crystalline gold gets the highest premium, followed by Australian Gold. Australian Gold, is very pure gold. Also the larger the gold nugget, the higher the cost! Highly prized by collectors, investors and anyone who wants to give a very special, unique gift!
Gold Nuggets - Gold Detecting - Gold Prospecting - metal detecting - gold nugget - prospecting - gold mining - gold hunting - gold mining - nugget detecting - California gold nuggets
Duration : 1 min 15 sec
Professor Floy Lilley reads the first part of Ron Paul’s important monograph, “Gold, Peace, and Prosperity: The Birth of a New Currency.”
Ron Paul has been the leading champion of sound money in Congress. Here he explains why sound money means a new gold standard.
This monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth.
He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers.
This monograph first appeared in 1981, and it has been in wide distribution ever since.
Henry Hazlitt writes the introduction, and Murray Rothbard writes the preface.
This audiobook is also available for download in MP3 audio format at http://mises.org/multimedia/mp3/audiobooks/GoldPeaceProsperity.mp3.
Duration : 0:56:42
easy way to make loads of gold (money) on oblivion pc version its all in the vid instructions aswell plz rate comment and
Duration : 0:2:23
You’re a human paladin standing in your bank vault in the bustling city of Stormwind. The shelves surrounding you are full of various weapons, armor, potions and other miscellaneous items that you have picked up throughout your many journeys and battles across the lands of Azeroth.
All of the items that you use day to day, you tend to carry around with you. Some of the things you are storing in the bank are useful to you at times, so you keep them where they are safe knowing you can retrieve them when you need them. However, the majority of what litters your vault you have no personal use for. What is a Paladin to do?
The Auction House
It’s time for a little house cleaning and to earn some extra wow gold. So, like the trusty paladin that you are, you gather up your various things and head down to the local auction house. Now, since you are a well seasoned paladin, you know that the first thing you need to do is scope out your competition.
So you walk around the Auction house and check out the prices that other people are charging for the same items that you want to sell. Once you get a good feel for the market value it is then time to set up shop.
The Three Marketing Approaches
If you’re a paladin with a bit of a rough edge to you, you might take the items that you have for sell and undercut your competition by a few wow gold. Although this strategy will guarantee that your item sells the fastest, you might make a few enemies because if enough people lower the price, then the market value will drop in time. You have the power to drastically effect the economy.
Now, if you are the run-of-the-mill straight laced kinda paladin, you might want to consider selling your item for the mid to low range that other people are selling them for. You may not make your money right away, but it eventually will sell and no one will throw rocks at you as you walk by.
The third strategy is for people who are not in any hurry to get their money. This strategy is all about controlling the supply. You sell your item for the high end of its price range. Usually you will have to wait for the other vendors to sell out of their stock, first. Then once they do, your item will be in demand.
An addition to this strategy is to find something that has more demand than supply. Then work out a way to accumulate multiple of that item. However, even though you will have multiple of the item, you will only sell one at the auction house at a time. By doing this, the average market price for that item will sometimes even steadily creep up.
The Down Low
The players in World of Warcraft have a lot of influence over the economy and market prices of wow gold and other wow items. If enough people sell a particular item at a lower than normal cost, that price will become the norm. So, the bottom line is, you can just run through the regular game mechanics and sell gold that you get from your kills to the npc merchants and slowly gain gold that way.
However, like the paladin, if I were you, I would spend some time learning the ins and outs of the auction house. It’s fully automated and you don’t have to be online for your wow gold and items to sell. The economy is made for you the player. Take advantage of it.
Hunter Crowell
http://www.articlesbase.com/art-and-entertainment-articles/the-wow-gold-and-items-economy-86794.html
i do not understand why gold is more valuable than money.
i know that it is more rare than money. i would like to know why banks have tons of gold in the vaults and one day are we going to use gold and silver more than paper? thanks in advance
It’s not just that gold has more value than paper money. If you have about a thousand dollars, you can buy an ounce of gold and have change left over.
Gold holds value during times of inflation. Suppose you buy that ounce of gold for $1000 and just tuck it away. In the meantime, the government continues spending like a drunken sailor, bailing out every bank in the country by printing up more dollars. All those extra dollars dilute the value of the dollars that are already out there, so they are worth less. When you go to sell your gold, you find it is worth more.
The gold did not grow or change. Inflation caused the dollars to be worth less, so it takes more of them to buy an ounce of gold.
Grandpa