Archive for November, 2007
November 23, 2007 - The coming dollar crisis, like the Asian Currency Crisis in 1997, and the U.S. Great Depression of 1929, will catch the overwhelming number of investors off guard and unprepared as it destroys wealth worldwide. However, during crises, there is always great opportunity. The less than 1% of the investment population who is savvy will build great fortunes during this time.
As with previous economic crises, governments always try their best to hide any brewing crisis. This is why seemingly rosy economic outlooks can seemingly turn desperate overnight. Think of the month prior to the great depression when U.S. stock markets were at an all time high and unemployment, at less than 1%, was at an all time low. Then the bottom dropped out of the market. How could great wealth and security literally be destroyed overnight and blindside so many investors?
The dollar crisis that has finally reached its tipping point has been developing for at least the past decade. Learn not only how to preserve your wealth, but how to build great wealth when this crisis begins. Learn more about the workshops in Los Angles and Orange County next month, December 10th and December 11th, 2007 regarding how to make a fortune from the coming dollar crisis.
November 23rd, 2007
November 4, 2007 -
If we look at today’s global economic situation, there are many similarities in the conditions that exist today and those that triggered the 1997 Asian Financial Crisis.
The 1997 Asian Financial Crisis
Prior to 1997, the Asian “tigers”, in particular, South Korea, Thailand, and Indonesia attracted foreign investment in three manners: (1) The liberalization of investment policies and consequent elimination of restrictions on capital inflows; (2) the maintenance of high domestic interest rates to attract capital inflows; and (2) the pegging of domestic currencies to the U.S. dollar to allay fears of volatile currency movements. Read more …
November 4th, 2007
November 4, 2007 -
There are many similarities between today’s global economic conditions and conditions that triggered past economic crises. An examination of the 1922-23 hyperinflation of the German papiermark, the 1997 Asian financial crisis, and the March 2000 dot com crash all provide extremely strong and compelling arguments for investing in gold and gold stocks today as the only strategy that may not only save your stock portfolio next year and in the coming years, but also may provide the only strategy that will return tremendous profits. Read more …
November 4th, 2007
November 2, 2007 -
I’m not really sure how all the “Gold at 27-year high” headlines came to be, but my own calculations tell me that gold would have to break at least $2,400 an ounce to break its supposed 27-year high. When discussing the purchase of a 7-series BMW that sells for a MSRP of $90,000 today, no one ever looks at its sales price from 5-years ago at $35,000 and exclaims “BMWs are trading at a 5-year high!” That would be ludicrous. One would have to factor in the effects of inflation and the decreased purchasing power of the dollar before being able to make a reasonable assessment of how expensive BMWs really are today.
At today’s prices of over $790 an ounce, gold is still cheap. If we experience a correction any time soon, and gold breaks back down to the $720 level again before continuing higher, it will just be really cheap. Here’s why. Read more …
November 2nd, 2007
