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:
