All Forum Posts by: DAVID GAGE
DAVID GAGE has started 16 posts and replied 67 times.
Post: Porter Stansberry and his Predictions
- Handyman
- THUMB, MI
- Posts 72
- Votes 14
Wondering if anyone has watched Porter Stansberry's video on Youtube or at his website www.endofamerica15.com. if so what are your thoughts on his predictions of whats to become of our government and the devaluation of the dollar.
Originally posted by Matty M:
Originally posted by DAVID GAGE:
I just got done reading the "Rich dad poor dad guide to investing in gold and silver"...I must say that it is a great read and i recommend it highly. Anyone else read it yet?
One thing I didn't like about it was how it felt like it was written to evoke fear to support an agenda. Which is easy to conclude as true, because Mahony actually sells bullion, and at higher premiums that many other dealers. I think he is very accurate, just like Kiyosaki. But he is also getting rich the same way most people during the original California gold rush did: "By standing on the side of the road selling picks." Online bullion dealing can be a modern day "pick"
That said I found it a good read. I read it in 08. It is part of what got me started. There is a lot of good information on why metals will do well. A lot of it makes sense.
He does have some crazy sounding calls in that book. I believe he mentions that silver may equal the price of gold?
I love his ratios and how takes the dollar out of the equation to look at the purchasing power of metal.
Matty, I know what your saying about the author having an agenda and have to agree. That said for me being a newbie to the precious metals scene I found it to be an eye opening read. You must read it using your "filter" if you know what i mean. :mrgreen:
Tin- For me I think silver would be a good hold in a crappy economy with a weakening currency. I like to think of it as a safety net if our government fails us. How will your tenants pay you if our government does fail? With paper thats worth nothing? Sounds extreme I know but Obama has tripled the deficit in the last 3 yrs.($14.3 trillion) and unless that stops I will be a holder of precious metals. Have to protect your wealth as best you can. :wink:
I just got done reading the "Rich dad poor dad guide to investing in gold and silver"...I must say that it is a great read and i recommend it highly. Anyone else read it yet? It was written in 2008 so some of the predictions in the book have proven true. The author likes silver big time and predicts HUGE things to come.
Got your back buddy! Good Luck
Matty- Great post and thanks for the insight. I'd like to see it dip down again and I will put some skin in the game. Thanks Dave
Matty- good call...not exactly $32 but damn close and much faster than I expected. You seem to know your stuff so wheres it going from here???Do you still think it will stay stagnant thru the summer? Is it possible it could hit $25 even though its $37 as I post this...I've never play commodities before and am very surprised at how volatile they are. Stocks up slow down fast....silver up fast down fast....WTH
Post: Are you interested in participating in a weekly online real estate investing chat on Twitter? #reichat
- Handyman
- THUMB, MI
- Posts 72
- Votes 14
I guess i might consider it as well. Never tweeted myself either....what I'd really like is a BP APP for my android phone Joshua...hint hint....I'm sorry i am treating you like my kids treat the Santa Claus at the mall...lol
Post: Water bill is very high and no visible leaks
- Handyman
- THUMB, MI
- Posts 72
- Votes 14
i backup Dicks comment about the meter. If you have water running or leaking the little red or orange triangle will not be stable there will be some sort of a movement of some kind...19,500 gallons is a lot of water( enough to fill a large swimming pool). Could they have been estimating the bill????????????
Post: Fannie Mae deed restrictions and rekey fees
- Handyman
- THUMB, MI
- Posts 72
- Votes 14
Mark the last house i bought was a FM house and I had to pay the $150 for the re-key only to find out that they only keyed 1 door with a cheapo lock. I fought with the agent to know resolve(RealtyExecutives...Lapeer) guy wouldn't answer my calls.....stills burns me up when I think about it. I ended up changing the locks out for $35 on top of the $150....what a SCAM!
Post: Income or net worth?
- Handyman
- THUMB, MI
- Posts 72
- Votes 14
Wow I can't believe nobodies posted yet. This is a great question and look forward to the experts answers. I am not a seasoned vet when it comes to REI for I've only been in the game for 5 yrs but I will give my opinion for the area I invest in but I believe it would be far easier to achieve $5m in net worth. I am sure it would depend largely on the area that you invest in.