My wife received an email today that looked like a genuine email from Fedex via a Google Calendar entry. But if you look closely, its really an email scam with some Nigerian flavour thrown in since the English is atrocious.
So beware of this clever email scams………
CASH IS TRASH! This is mentioned by Robert couple of time in the Rich Dad 2008 Predictions’s video.
Is CASH really a TRASH?
THE PICTURE – Your wealth is being stolen due to inflation, period. Whether you like it or not, central banks continue to churn out a ridiculous amount of paper currencies thereby robbing you of your savings. This is a crucial issue which you must understand if you want to survive and prosper over the coming years.
The global economy has severe imbalances with the US heavily in debt and facing record-high deficits. The total debt monster in the US has now grown to $46 trillion, the trade deficit now exceeds $800 billion and the American consumer is swimming in debt. Similar imbalances can be seen throughout the “developed” economies of the West. Therefore, bankers and governments who want to stay in power at all costs have decided to resort to accelerating the rate of monetary inflation. “But why would they do that?”
I bought the book back to 2005 but I yet to finish study it. What I would like to share is “Rich Dad Poor Dad” author, Robert Kiyosaki 2008 predictions.
I am totally agreed the statement: The Rich Get Riche and we need to be make our money work for us!!
“Rich Dad Poor Dad” is the longest-running best-seller on the New York Times, Wall Street Journal, USA Today, and BusinessWeek best-seller lists. It held a top spot on the New York Times list for nearly five years and was USA Today’s No. 1 money book for 2004. Prior to writing “Rich Dad Poor Dad,” Kiyosaki created the educational board game Cashflow 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him.
I think its a good time to visit UOB to buy some gold bullion coins. It has dropped to USD 905 from the 950-990 range last week. It will definitely go up again as the US economy has not recovered yet.
An falling trend in global commodity and precious metals after the US Federal Reserve cut interest rate, was an addition factor for declining trend.
In the edible oil section, palm oil and soybean prices moved down after the government took all measures to curb surging commodities as the inflation rate went up in last few weeks.
A steep fall in edible oil prices in Malaysian and Chicago Commodity Exchanges extended pressure in the oil sector in domestic markets.
Plunging gold in London from record high of 1,033 dollar an ounce to 905 in one session wiped off major gains in its prices in Indian markets as gold plummeted nearly Rs 1,110 at Rs 12,000 per ten gram.
Looks like the new Alliance Bank Bandar Puteri Puchong is getting ready for opening. Its located next the Standard Chartered Bank Bandar Puteri Puchong (opp OCBC and Ambank)
I also heard there will be a Public Bank and 2 Maybank branches in Bandar Puteri Puchong coming soon. WOW. Property prices in the surrounding area will surely go up
I have seen countless rodeo sessions in movies and the TV. I’ve always wanted to attend one if I was ever in America, as it would be just amazing to see such an event live as I really love the clown antics too.
Rodeo is a sport which arose out of the working practices of cattle herding in Spain, Mexico, and later the United States, Canada, South America and Australia. It was based on the skills required of the working vaqueros and later, cowboys, of what today is the western United States, western Canada, and northern Mexico. Today it is a sporting event that consists of several different timed and judged events that involve cattle and horses, designed to test the skill and speed of the human cowboy and cowgirl athletes who participate.
I’ve just heard about the Wrangler National Finals Rodeo, short NFR, for a while and apparently it’s quite a spectacle.
It’s organized by the Professional Rodeo Cowboys Association and is the premier championship rodeo even in the United States. Wrangler Jeans is it’s sponsor and the whole event lasts for 10 days! That’s a lot of rodeo!
Another bonus about this rodeo event is it’s held in Las Vegas, Nevada. I guess everyone who hasn’t been to Vegas yet, is keen to go there at least once for the whole experience. Even better if you get a chance to go during the NFR.
As for tickets, I was quite surprised to see NFR Tickets on the Internet, what a great way to beat the crowd to the tickets.
All the Bull Riding, Saddle Bronc Riding,Barrel Racing and Steer Wrestling would definitely be a once in a lifetime experience. All of the things that are carried out during the event are rather amazing and I think whoever gets to chance to actually participate is truly a highly skilled person and it definitely takes guts to try and ride a bull!
image source : jhrodeo.com
Here is a great post on the different pricing of gold and silver
Which would you prefer, a diamond or a sapphire? (sapphire) Which would you give your wife, gold or silver (silver)? Despite the fact that gold reached that $1000/ounce threshold last week, the yellow metal is still far away from its all time inflation adjusted high back in 1980, ($850/ounce in 1980 dollars) according to this article, that would be the equivalent of $2177/ounce in today’s dollars, though it only hit that peak for one day back in 1980. We have been asked several times to comment on where we feel the gold and silver markets are headed. In short, we do believe that gold is likely to rise still further as investors (and speculators) tend to put their money in gold when the dollar falls (and oil is high). Given the overall economic picture, we believe many speculators are moving their dollars to commodities in general and hence prices are still increasing. We’ll get to silver in a minute.
The commodity markets these days trouble me because good old fashioned supply and demand do not seem to have much of an impact on price. Simple microeconomic theory would suggest, “that in a competitive market, price will function to equalize the quantity demanded by consumers and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity,” according to Wikipedia. But that does not seem to be happening for base metals, steel or precious metals. And it is particularly not happening in the case of gold. In fact, since gold is basically used in jewelry, it is mostly “held” (as opposed to consumed). In fact, only 12%, or 400 tons according to this Industry Week article of the world’s gold is used in industrial applications, mostly dental and electronics. That said, demand for gold will likely increase due to new applications such as nano-scale electronic applications and nano-wires and nano-devices.
Rats Eat Away Ethiopian Farmer’s Life Savings, therefore we should buy GOLD!
An Ethiopian farmer who stashed his life savings of more than 12,000 dollars in a haystack has lost almost one-third of it to rats who gnawed it away.
The 52-year-old farmer from central Ethiopia preferred the straw pile thinking it was safer — worried about losing his riches in case a fire broke out in his house.
“Some 35,000 (3,804 dollars) of the 114,000 birr (12,391 dollars) which was hidden by a farmer in hay near his house was devoured by rats,” the Ethiopian News Agency reported.
The man apparently spurned repeated advice to use a bank, and only found out three weeks later that he had lost part of his stash to the rats.
No word whether the farmer has changed his ‘banking method’ after the rat raid.
Tsk tsk. Its crazy when you see big banks like Bear Stearns going bankrupt. Bear Stearns is one of the world’s largest and most venerable investment banks and it will be sold to JPMorgan Chase at $236.2 million or $2 a share. This has happened despite Bear Stearns’ previous denial, sheesh. Banks are liars too. Looks like the outlook of the USA economy is looking pretty gloomy.
That’s a far different tune Schwartz is singing today than on Monday when he stated “Bear Stearns’ balance sheet, liquidity and capital remain strong.”
And one has to question why the Fed should be providing any loans, especially non-recourse loans for this bailout.
JPMorgan said the NY Fed will provide “non-recourse, back-to-back financing” for the deal so it doesn’t believe the transaction represents any material risk for its shareholders.
I think will be buying some gold bullion coins at UOB Puchong next week…..Its better than leaving my money in low fixed deposits
Gold prices zoomed past all the previous records in domestic bullion markets in sync with trends in global markets as dollar fell to record low against euro while crude prices remained high.
The metal set a record of USD 1,005 an ounce. And some analysts say it can go up to $2000 per ounce.
The Kolkata bullion market took the lead on Friday and set a record high of Rs 13,240 per ten gram followed by Delhi at Rs 13,200, Mumbai at Rs 13,030, and Chennai at Rs 13,005.
The surge has even prompted some to forecast an unbelievable 15,000 level. Meanwhile, the rupee ended flat 40.4350 against a dollar despite a surge in local stock markets. Traders said the metal’s investment appeal is improving day by day as no end is in sight for the turmoil in the global financial markets. Gold is considered a safest bet, particularly at times of crisis.
