Daniel asks…
If Space Aliens took over the planet, would it be better to have your savings in dollars or gold?
Everyone’s debating the value of gold, silver, etc over “fiat” currency.
But if you’re planning for a worldwide economic upheaval, I think you need to consider the specific type of upheaval: I doubt our banking system will imminently destroy the US Dollar — that’s silly — but what if space aliens land tomorrow?
If they want to eat us, then I guess you really want your savings in stinger missiles, (or maybe garlic. They could be allergic to garlic.)
If they just want to enslave us, then I suppose the dollar is done and you want gold.
But what if they come from a planet which has lots of gold? And maybe they want to use our economy intact? to more efficiently organize us to mine iron ore for them?
Consider that space fuel is expensive, so it’s not really cost effective for them to bring over an army of middle managers to organize the newly enslaved population. In that case wouldn’t US dollars continue to have value here on earth?
(Please indicate whether you are generally pro or anti “invest in gold“, and why, even if you would invest differently for the alien Apocalypse. Also, are you for or against Ron Paul?)
financi4 answers:
Well, if they attacked, they wouldn’t just walk out with guns or anything. They would likely drop an EMP wave on us, destroying our use of electronics, cars, etc. So gold would seem more efficient. But by then, food, water and ammo would be my major investments….just saying.
Steven asks…
I want to look good to a person wishing to invest in what is now mining is a bum here in peru besides what?
I want to look good to a person wishing to invest in what is now mining is a bum here in peru besides what I’m trying q is the exportation of these minerals such as copper, gold, silver and I have a project about q what is the buyer of these minerals good people interested me or has minera_torrealva@hotmail.com willy_f500@hotmail.com or yahoo willy_f500@yahoo.com or my cell number 005156956854626
financi4 answers:
What you can do is start a mining company, that markets internationally. You will have to have geo study of how long you could mine the mine without it running dry, then write up an executive summary, there are also other step inorder to make this happen as you would. Just remember getting money, takes investing money of your own also. If you need help in this field to write business plans and etc. Contact me.
Chris asks…
Why do some people say gold is in a bubble?
Real economic environment today is a government who makes American products too expensive to compete, a Fed Reserve inflationary policy and a mountain of debt that us tax-payers can not cover.
I invest and broker in precious metals because I agree with guys like Peter Schiff who they laughed at in 2006 when he forecast the housing collapse.
Consider that the US dollar is just worth 70 cents compared to 7 years ago and that means that the Dow at 12700 today is more like 9000 points in terms of real value.
Additionally, the hyper-inflation we are about to see for at least the next decade+ will see the price of all commodities sky rocket such as oil, gas, soybeans, corn, pork bellies and yes … gold & silver too.
While it is true that silver has been volatile recently, (due to JP Morgan attempting to manipulate the price along with some effects of the Dodd Frank bill) I still believe that over the next 5 years silver prices will far out pace gold, but either one should protect from inflation.India and China and numerous other central banks have been purchasing large amounts of precious metals because they are beginning to lose faith in the US dollar as well. Silver also has far more industrial applications than does gold. Silver is currently trading at about 1/44th the price of gold but the amount of silver mined (extracted and brought to market) is only at 9.5 the times of gold.
Those who would disagree with me simply are not looking at reality or have a day-trader mentality.
If you are looking to safely keep your money away from government manipulation then I would encourage anyone to do their homework and consider precious metals.
Feel free to email me at bbb.broker_lutz@ymail.com as I enjoy vigorous debate on these issues and I always get a chuckle out of the kool-aid drinkers who have put their faith in our politicians.
financi4 answers:
The reason you’ve put forth for gold’s value are real but they are extrinsic valuations and saying that gold is a bubble is saying that it’s valuation has been intrinsic and not supported intrinsically. In fact you are saying that gold is a bubble.
Paul asks…
What is this game called?!?
Hey guys!
Here is what I remember. Requesting a name, link, or both.
Very simple graphics (assume small download size)
freeware computer game
2D
real-time strategy
mine for gold on planets then colonize; populations grow, interest accrues
can invest in many things on each planet (shields, farming, education, etc.)
can shop at each planet
can attack enemy planets with viruses, phasers, etc.
One [of the three or four] races looks like a pig
One of the bad guy’s space ships is a smiley face
Your planets have green border, neutral planets have a yellow border, badies have a red border
map is sectioned into four quadrants
really super addictive, simple, stupid game that I want to re-download
I think the guy made it with his son to teach him programming
Not spore (thank you, though). It has WAY more simplistic graphics (almost ascii-quality).
I FOUND IT!!!
http://www.synthetic-reality.com/warpath.htm
financi4 answers:
I think its Spore. They have lot of things in common.
Donald asks…
Are you keeping your new years resolutions?
What are your new years resolutions and are you keeping them?
Mine are:
To lose weight
To get my finances under control
To invest in some gold
To publish my book
I am making progress on all of them.
financi4 answers:
To lose weight
To quit smoking
and no so far I haven’t done either one! But I plan on joining weight watchers thursday! Good luck to you.
Mark asks…
Was my lawyer unfair or “gold digging” me? Should I work with him again?
A few years ago when I got arrested(first and only time), I invested in a good lawyer so that I was more likely to get into the ARD probation program(a program for first time offenders that allows you to get your record expunged afterwards). It was for a nonviolent crime. He charged me $5000 retainer. Being naive and desperately wanting to get into ARD and avoid criminal conviction, I told him that I would pay him $500-700/week on a payment plan…despite these large weekly payments putting me into abject poverty.
My case was put on the back burner for about a year, by both the court(having much bigger trials to worry about) and my lawyer. The lawyer had to recontact a few people, but nothing that was too much extra legwork. Nine months after I first started working with this lawyer, he dropped word that he would need another $2500 IN ADDITION to the $5000 I’d paid off months earlier. Here’s the thing that makes it really bad. Two weeks earlier, my mom died and right after that, I picked up a really bad case of the flu and strep throat. So I was already emotionally distraught about my mom, and I’d been out of work(unpaid) for the past 2 weeks, and this guy just sat in his chair and smugly said he would need another $2500, AFTER he knew about my mom’s recent death. I repeated that I’d been out of work for two weeks and it would be hard for me to get the money but I would try my best, and he said, “Well, I need at least $500 by tomorrow morning”.
Do you think he demanded the $500 based on my past record of being willing to make such large payments? Do you think I was a pushover to agree to pay $500/week in the past?
The good thing is, he helped me get into ARD though. So I’m happy about that. On the day I got into ARD, other lawyers(my lawyer’s friends/peers) kept telling me how great of a lawyer I had.
Other times, he made remarks I found to be condescending. For example, when a close friend of mine died shortly after my mother died and I told him, he quickly remarked, “What did he die from, drugs?” I didn’t think too much about the remark, but when I told my friends what he said, they were wildly offended and told me that I shoulda been too. Things like that.
So bottom line…do you think it was a mistake that I was so desperate and willing to “pay anything”? Also, I completed ARD and very soon I will be petitioning for expungment of my record. From what I’ve heard so far, a lawyer is not required but it might be a good idea. If so, should I go back to this guy, or to someone else?
Brianna, thank you for your very detailed response. The reason the lawyer charged so much was because: 1, he is a fairly big name lawyer(his father was a senator a few decades ago), and 2, because the technical name of the charges I had made the crime look worse than it really was, so for that reason my case was challenging at times. E.g., a charge called “terroristic threats” makes me look like Bin Laden, when in reality I was only verbally fighting with someone.
I agree that he took advantage of my over desperate willingness to pay him as much $ as I could. And no, I never received any billing details. However, I did get ARD as opposed to misdemeanor convictions, which I guess helps a bit.
The reason I mentioned my friend’s death is because my lawyer knew my friend through a mutual friend of theirs. In fact, it was this (deceased) friend that introduced me to my lawyer. I figured I’d be courteous and let my lawyer in on the bad news. Big mistake apparently.
Here’s more info. My arrest resulted in not only criminal charges but a related civil court summons as well. My lawyer told me that this was separate from the criminal charges, therefore, it would cost an extra $2500 for him to accompany me to the civil hearing. A friend told me that I wouldn’t need a lawyer for that, so I went there alone…good thing too, since the civil charges got thrown out anyway, so it would have been a waste to pay for the lawyer since nothing happened with it.
So judging by that experience, I am wondering if maybe I should attend the record expungement hearing alone? Would a lawyer be that much more beneficial, or would it be as unnecessary as having a lawyer for a civil/tort hearing?
financi4 answers:
Explain that you need a fully detailed description of where the retainer money went for the first 5,000 dollars. When you get the bill, make sure you ask the why’s of it all. Why was 30 hours needed to research something that he should be fully aware of? You have the legal right to take into question every and all amounts they try to charge you.
If it doesn’t make sense, explain you are confused and believe you need to speak to another attorney to better help you understand the legal needs of such billing.
Your mother died and i am so sorry for your loss. But now your attorney believes he can get more money out of you. Probably and falsely believing, your mother left you money. Enough money to cover these new charges.
I’d also ask him what the extra 2500 dollars is for exactly. Again, demand a detailed bill. DETAILED is the key word here! No simple bill will do. Detailed.
Explain that you do not have it, that your mother left you nothing of value (unless you already claimed it) and that you are afraid you have no way of getting your hands on the money at this time or any time in the future.
You do not need an attorney to help you expunge your record. It’s an ok thing to have one with you. If you are well spoken, if you are look like an upstanding citizen and are able to read and understand the law as it is. You can do this on your own. You can also hire a legal assistant to help you in this field. They will charge you so much less and not try to keep your wallet open to them.
His manner does seem condescending to say the least, but also illegal. Your attorney is not your friend and you should not share any information with them that does not have merrit to the case at hand. I’m not sure you should be wildly offended at what this person has to say. Ignorance is something we all must tolerate, and this attorney seems very ignorant to say the least. You simply should not have been telling him these things to begin with. Look where it led.
Yes, you were desperate and it showed. Yes, you got taken. Yes, there are other great attorneys out there who won’t take advantage like this. Yes, you should explain you can no longer afford his services and thank him for the services he has done for you. Explain that you plan on having someone educated in the legal field to help you understand your bill more correctly. That when that is done, you’ll discuss this extra money he seems to need. Leave it at that. He may think you are too low on the totum pole to do a thing about it all. Make sure he is very wrong! No one should have an attorney extrort money from them. That’s what this is. Extortion.
There are also colleges you can go too and ask for a legal professor to help you. Often they’ll do it for free. Let them look at what this attorney did for you and then the fee’s he is claiming. For all 7500 dollars of it! They might be able to help you on a course of action. If this attorney is found to be extorting money from you, he can lose his liscense to practice law! Something he doesn’t seem afraid of as he believes himself too above everyone else to worry.
Sorry this is happening to you. You have avenue’s open to you, use them! Don’t pay him anymore at this time. Explain there is no money right now and you’ll understand if he can’t keep working for you when there’s no money.
David asks…
Do Libs think the WSJ, IBD, CNBC and Bloomberg are ideological?
Investment papers and investment news sources publish raw economic data and analysis of that data with an eye toward explaining the markets, to inform people making investment decisions. It’s not about whether this or that policy is “good” but what effect it will have on the economy. Chavez isn’t ‘good’ or ‘bad’ – just a risk factor if you’re buying gold or copper producers with mines in his country.
But underlying this is the assumption that the markets are truly global, are the sum of the participants’ actions, and that individuals can study the markets and save and invest and make money. This is antithetical to the idea that a few big fat pasty white guys smoking cigars and drinking 15-year-old Oban in storied “back rooms” somehow manipulate everything, which is how Michael Moore portrays the world.
Does the far-right’s rejection of Darwin render Darwin “liberal?”
No. So CNBC isn’t “conservative” either. It’s just reality.
financi4 answers:
The iron laws of economic reality are what American liberals and the left all over the world have been ignoring to their cost for generations.
Robert asks…
Should I move to Australia or stay in America?
I am planning on getting my BA in biology and then attending medical school. I live in socal and have already completed nearly all of my GE requirements to transfer from a community college to a 4 year university. The pros for staying in the states I feel are that I KNOW I will get into some medical school as long as I move out (I live at home and I am living in a very bad situation. I become depressed and suicidal at times over the way things are. I HAVE to leave this toxic environment) and prepare for the MCATs. That is my main pro for staying, I am assured an education and I can see my path from where I stand. The pros for Australia are that love is there for me. My grandmother aunt uncle cousins and the brother I found and didn’t know I had is there along with his newborn son, but mostly my grandmother. She raised me and the only happy memories I can muster involve her. She’s not too old only 62, but I would regret it forever if I went off to medical school in the states and was never able to spend time with the only person who has ever shown me any love. Not to mention the cousins and my brother and the rest of my family who want me to be with them. Another pro is that my aunt and grandmother will help me, they will buy me a car and take care of me while I go to college and they have connections all over the country.On the logical side there is a smaller gap between the upper and middle class in Australia, and this will affect my career and marriage. Making money is easier there, my family lives in a mining town and are heavily invested in gold , real estate, uranium and even own a race horse. When I move there they want me to get involved in their investments. The cons for Australia is that I wont be as sure of my medical career. I will have to apply to one of the few universities the country offers and then 3 years later when I’m 23 I’ll apply to medical school. I just worry about being able to get into a university there at all since I have American high school transcripts. Another con is that I want to eventually come back to America to practice as a surgeon and I wonder if an Australian degree will be acceptable. Please, any insight? What would you do in my shoes?
financi4 answers:
Life is much better in Oz:
1. Stricter gun laws
2. Guaranteed unemployment insurance ( 6 months in USA)
3. Lowest unemployment rate in the world ( 5 % in Australia, 10% in USA)
4. Australia’s growing importance with China ( as opposed to declining USA – China relationship )
Perhaps you should think about something else beside medicine:
http://fastfound.com/study-in-australia/
Eg
Teacher- a fresh graduate now earns $53K per annum….one of the highest of ALL degree types !
Teaching is a recession proof job.
You can teach Biology…you only need to do 1 extra year ( Diploma in Education)
See here:
http://fastfound.com/study-in-australia/arts-humanities/education-teaching-degree-at-australian-universities/
James asks…
Should I move to Australia or stay in America?
I am planning on getting my BA in biology and then attending medical school. I live in socal and have already completed nearly all of my GE requirements to transfer from a community college to a 4 year university. The pros for staying in the states I feel are that I KNOW I will get into some medical school as long as I move out (I live at home and I am living in a very bad situation. I become depressed and suicidal at times over the way things are. I HAVE to leave this toxic environment) and prepare for the MCATs. That is my main pro for staying, I am assured an education and I can see my path from where I stand. The pros for Australia are that love is there for me. My grandmother aunt uncle cousins and the brother I found and didn’t know I had is there along with his newborn son, but mostly my grandmother. She raised me and the only happy memories I can muster involve her. She’s not too old only 62, but I would regret it forever if I went off to medical school in the states and was never able to spend time with the only person who has ever shown me any love. Not to mention the cousins and my brother and the rest of my family who want me to be with them. Another pro is that my aunt and grandmother will help me, they will buy me a car and take care of me while I go to college and they have connections all over the country.On the logical side there is a smaller gap between the upper and middle class in Australia, and this will affect my career and marriage. Making money is easier there, my family lives in a mining town and are heavily invested in gold , real estate, uranium and even own a race horse. When I move there they want me to get involved in their investments. The cons for Australia is that I wont be as sure of my medical career. I will have to apply to one of the few universities the country offers and then 3 years later when I’m 23 I’ll apply to medical school. I just worry about being able to get into a university there at all since I have American high school transcripts. Another con is that I want to eventually come back to America to practice as a surgeon and I wonder if an Australian degree will be acceptable. Please, any insight? What would you do in my shoes?
also, I’m an Australian citizen so I wont have to worry about a visa
financi4 answers:
Hey, listen moving abroad is something that takes a lot of consideration. Sometimes doing something similar to what you have done is best, making a pros and cons list. I am an American currently living in Hungary, so I understand the situation you are in; all my family (except my young daughter) and friends are in a different country. But, I have found some information you may not be aware of. The American Medical Association (AMA) has a website with a load of helpful information regarding International Medical Graduates (IMG). Here is a little info from their website:
“State Licensure Requirements for IMGs
All state licensing jurisdictions require a graduate of a foreign medical school to complete at least one year of accredited U.S. Or Canadian graduate medical education before licensure. However, 14 states require two years and 29 states require three years of accredited graduate medical education. Illinois requires two years of graduate medical education for IMGs entering training programs after January 1, 1988. The requirement for each state can be found at State Licensure Board Requirements for IMGs.”
Also, there is a medical school in Australia, the University of Notre Dame Australia, that although it is a separate university, it has connections with the University of Notre Dame in the US, so you may want to apply there to increase your chances of employment if you decide to work in the US.
Whatever you decide, make the right decision for YOU. It is apparent that you are a wise person, use that to your advantage and make a wise decision. Cheers.
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