What do Victoria Secret model Gisele Bundchen and billionaire Warren Buffett have in common?
Besides fame, fortune, and investing smarts (yes, models have brains), they both hated the U.S. dollar... and may still to this day.
You see, back in 2007, the catwalk princess refused to be paid in U.S. dollars.
Bundchen requested she be paid "only euros" because, as Bloomberg pointed out at the time, the dollar "can only depreciate because Americans led by President George W. Bush are living beyond their means."
Even Buffett could be heard laughing when asked about the world's best currency: "Not the U.S. dollar," he'd often say.
Today Donald Trump is joining the anti-dollar ranks, having just accepted $200,000 in gold bullion for office space.
And it may be one of the smartest things Trump has ever done, knowing that as long as Bernanke is Fed chief, gold will be a great investment moving forward.
It's up to you how you want to trade this.
Personally, I'd opt for options. Much more money is made there than with stocks.
And hey, you never know — you could end up with a supermodel on your arm on your way to the bank.
Stay Ahead of the Curve,
Ian L. Cooper
http://www.wealthdaily.com/articles/2011-gold-forecast/3241
Then again, the price of gold could be coming down because the economy is strong. Gold is generally a fear investment, and if fear is going down, then the price of gold comes down.
If the sell-off in gold is because the economy is strong and growing again, the sell-off in gold is good news for the economy.
Another reason for the sharp fall in the price of gold could be that we’re simply overdue for a correction. Gold has gone up for over ten years without a major correction—so we were long overdue.
Back in July 2011, gold was below $1,500 and trading around $1,480. I was excited, thinking gold would go down below $1,300. Then over night, gold shot up over $1,500 and kept heading up. Like many people, I panicked and thought I missed the move up. Rather than buy, I stood on the side and watched the price of gold climb as smaller central banks, such as the Bank of Korea, began buying.
Is this time to buy gold and silver?
My answer is always the same. You need to do your own study and research, and test for yourself. If you can’t tolerate the ups and downs of markets, it’s best to allow someone else to invest for you, regardless of what you invest in.
I’ve bought gold since the 1970’s, when it was $85 an ounce. I love gold simply because I don’t trust our government and corporate leaders. That hasn’t changed.
If you trust our corporate and government leaders to fix our global economic problems, then gold is not for you. Stocks might be a better investment.
If gold breaks $1,400 an ounce and silver breaks $24 an ounce, I might begin buying again. For now, I have enough, and it’s never good to become greedy.
Remember, there are only two emotions that drive a market: greed and fear. Right now, fear is in control, which is good because if gold keeps dropping in price, and I’ll be able to buy more at lower prices. When fear is strong and prices are low, then greed creeps back in and buyers like me begin buying again.
What’s most confusing to me, however, is that everything is down. Stocks are down, oil is down, gold is down, home sales are down, and jobs are down. It seems fear is everywhere.
To me, this is not a good sign. If everything is down, we’re all going down. If everything is going down, a gun might be your best buy.
Thank you for supporting COR.
Robert Kiyosaki
Side read:
Are Brown and Kerry really that concerned about the paper dollar bill, or is their another motive behind their proposed act?
The Dollar Coin Alliance claims the two senators are trying to protect Crane&Co., a business in their home state of Massachusetts that supplies the paper used to create dollar bills.
http://www.wealthwire.com/news/metals/1951
You see, back in 2007, the catwalk princess refused to be paid in U.S. dollars.
Bundchen requested she be paid "only euros" because, as Bloomberg pointed out at the time, the dollar "can only depreciate because Americans led by President George W. Bush are living beyond their means."
Even Buffett could be heard laughing when asked about the world's best currency: "Not the U.S. dollar," he'd often say.
Today Donald Trump is joining the anti-dollar ranks, having just accepted $200,000 in gold bullion for office space.
And it may be one of the smartest things Trump has ever done, knowing that as long as Bernanke is Fed chief, gold will be a great investment moving forward.
It's up to you how you want to trade this.
Personally, I'd opt for options. Much more money is made there than with stocks.
And hey, you never know — you could end up with a supermodel on your arm on your way to the bank.
Stay Ahead of the Curve,
Ian L. Cooper
http://www.wealthdaily.com/articles/2011-gold-forecast/3241
What’s Happening to Gold?
Central banks are the only ones who could move the price of gold that drastically that quickly. If the central banks are selling gold to raise cash, that’s not good news for the world economy. If they’re raising cash, then the economy is very weak. This isn’t good.Then again, the price of gold could be coming down because the economy is strong. Gold is generally a fear investment, and if fear is going down, then the price of gold comes down.
If the sell-off in gold is because the economy is strong and growing again, the sell-off in gold is good news for the economy.
Another reason for the sharp fall in the price of gold could be that we’re simply overdue for a correction. Gold has gone up for over ten years without a major correction—so we were long overdue.
Back in July 2011, gold was below $1,500 and trading around $1,480. I was excited, thinking gold would go down below $1,300. Then over night, gold shot up over $1,500 and kept heading up. Like many people, I panicked and thought I missed the move up. Rather than buy, I stood on the side and watched the price of gold climb as smaller central banks, such as the Bank of Korea, began buying.
Is this time to buy gold and silver?
My answer is always the same. You need to do your own study and research, and test for yourself. If you can’t tolerate the ups and downs of markets, it’s best to allow someone else to invest for you, regardless of what you invest in.
I’ve bought gold since the 1970’s, when it was $85 an ounce. I love gold simply because I don’t trust our government and corporate leaders. That hasn’t changed.
If you trust our corporate and government leaders to fix our global economic problems, then gold is not for you. Stocks might be a better investment.
If gold breaks $1,400 an ounce and silver breaks $24 an ounce, I might begin buying again. For now, I have enough, and it’s never good to become greedy.
Remember, there are only two emotions that drive a market: greed and fear. Right now, fear is in control, which is good because if gold keeps dropping in price, and I’ll be able to buy more at lower prices. When fear is strong and prices are low, then greed creeps back in and buyers like me begin buying again.
What’s most confusing to me, however, is that everything is down. Stocks are down, oil is down, gold is down, home sales are down, and jobs are down. It seems fear is everywhere.
To me, this is not a good sign. If everything is down, we’re all going down. If everything is going down, a gun might be your best buy.
Thank you for supporting COR.
Robert Kiyosaki
Side read:
Are Brown and Kerry really that concerned about the paper dollar bill, or is their another motive behind their proposed act?
The Dollar Coin Alliance claims the two senators are trying to protect Crane&Co., a business in their home state of Massachusetts that supplies the paper used to create dollar bills.
http://www.wealthwire.com/news/metals/1951
