After reading Rich Dad’s Guide to Investing In Gold and Silver
Consider this. When was the last time you paid for anything with a silver coin whose value was determined by the amount of silver in the coin? The answer is probably never. Because we don’t use silver or gold coins for exchange anymore. And, the reason is quite subtle. The government has replaced these coins with fiat currency such as dollars.
Today I finished Rich Dad’s Advisors’ Guide to Investing In Gold and Silver
It sounds crazy, but the author’s argument is very simple and backed up by historical example. He says that every time a government creates its own currency, the currency eventually collapses. And, often times it leads to the end of the government.
monstermunch99@Flickr
Online Investing AI is built around the concept that by eliminating greed and fear, advanced technology can better predict market moves. Imagine my dismay, then, when I discovered a far simpler way of predicting market meltdowns without any technology at all!
It doesn’t need AI, or any other form of advanced technology. You just need to check headlines every once in a while to read about building projects around the world.
Here’s the secret: whatever country is bragging about constructing the biggest building has the biggest potential for a bubble. I call this Big-Building-Bubble-Burst (0r 4B) theory.
Let me explain how I discovered this secret.
Accelerating Technology, Business Strategy, Internet, Investing, Money, Online Investing AI, US Economy
bradip@Flickr
With trillions of dollars in currencies exchanging hands each day, the market for money draws considerable interest for traders.
The currency market is becoming more democratized, as well. Online brokerages offer nearly limitless access to currency exchanges, like Forex. Trading currency is also popular because there’s a potential to make a lot of money quickly.
If you don’t adjust for risk and prepare for emotionless trades, you can lose a lot of money, too.
Here’s the Globe Mail list of the top eight tradable currencies.
Business Strategy, Investing, Money, Online Investing AI, US Economy
Creative Commons
When the internet first started to develop, some entrepreneurs decided that there should be a currency just for online transactions. It made sense. People didn’t trust conducting transactions on the web and, of course, cash wouldn’t work.
Internet currencies, like Flooz and Beenz, were introduced. And dot-bombed.
Despite good intention and good ideas, online currencies never were adopted.
So that’s the end of the story, right? Not according to an article from Wired.
New currencies are starting to bubble up again. One currency is based on wireless phone minutes. Technology is literally becoming a currency. With less faith in paper currencies and a lack of malleability and portability of other forms of currency (gold and precious metals), a new currency–or new currencies–are more possible. In tightly controlled economies (China), new currencies will find a ready market, too.
And, if technology can create a currency, it can create technology to trade this currency.
Accelerating Technology, Business Strategy, Internet, Investing, Money, Online Investing AI
The Singularity is Near by Ray Kurzweil is the book that started it all. If you want to know about the future, it is the best book I've found. Absolutely fascinating.
Rich Dad Poor Dad by Robert Kiyosaki. This is one of the most popular personal finance books of all time. A must read for anyone who wants to become financially successful.
The Millionaire's Secrets
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
The One Minute Millionaire is a great book about how to become a millionaire. Written by Mark Victor Hansen and Robert G. Allen, this book combines an inspirational story with practical everyday skills.
The Art of Learning is the fascinating story of Josh Waitzkin, the world champion in both chess and Pushing Hands. His style is mesmerizing, and the strategies for learning are priceless.
The Alchemist is one of the best-selling and most inspirational books of all time. Anyone who has ever had a dream in life needs to read it. Perhaps my favorite book of all time.
Love is the Killer App is a powerful, step-by-step book about how to have a wonderful experience and spread love in any working environment. Think the office has to be a source of bad energy? Think again.
The 4-Hour Workweek is a powerful book full of strategies about how to get more done in less time. For anyone who is looking for leverage or wants to achieve success quickly, this book is absolutely invaluable.
