Securing Freedom by Securing Money and Power
Posted by geekrelief on Sat, 05/03/2008 - 02:05 inI've been thinking for a while about a talk that Edward G. Griffin gave on power.
http://video.google.com/videoplay?docid=6015291679758430958
And I think BTM is a great step in the right direction.
But what's been on my mind lately has been the terrible things going on in the world economy (food and gas prices, housing bust, job losses, inflation). Peter Schiff, Jim Rogers, and of course RP have been trying to educate the public, and I'm amazed Peter Schiff is still at it when it seems every time he's on Fox he gets chewed out by the other guests. http://www.europac.net/video.asp I love him for it.
And it makes sense that he keeps doing it because he profits from it when new clients come to him. So what I really want to see happen is not only growth of this community, but also growth of our pocket books so we can donate more of our money and time to spreading the message of limited government and a sensible fiscal and monetary policy. We need more millionaires and billionaires spreading the message.
I was wondering how is everyone else investing? Should one of the goals of BTM be to help the members of this community to prosper materially? Financial news channel? Financial and investing education?
One way I've benefited from the Revolution movement has been by learning more about investing from Peter Schiff and Jim Rogers. I invested in stocks and considered mutual funds before I learned about RP, but I've learned about gold, commodities, the Fed, Austrian economics, investing in China, etc. since then. And literally a whole world of money making possibilities has opened up. It'd be great if we could as a community put into practice what we preach, PROFIT, and show others to help the community grow.
For instance, I've purchased some physical gold, but I really don't understand what affects its daily price movement or where to get information about it. I've also bought into RJI, an ETN (exchange traded note) tied to the Rogers' International Commodities Index. I'd love to see an investment group of some sort spring forward from this.
Thoughts?
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From what I've been reading and hearing, the value of gold isn't directly tied to the value of the dollar. Typical demand/supply forces apply (well as long as governments don't interfere). Recently the Fed cut the rate by 25 basis points and the dollar had a small rally and the value of gold went down. That doesn't quite make sense. Actually on several occasions this has happened where the money supply has been inflated yet the value of gold has gone down. I guess what's happening is that there are major holders of gold dumping it on to the market to buy into stocks or some other vehicle when the interest rate gets cut. So there's an immediate effect on the price of gold and stocks, but there's a delay to the effect of the inflation from the fed cut. I'm not sure what affects the timeline for inflation to be reflected in the price of goods.
I've been following market wrap up on http://www.financialsense.com as they are a part of the network of sites on http://www.europac.net to get the opinions from the experts.
As for the rest of commodities, I'm keeping an eye on the headlines on http://www.bloomberg.com Compared to other news sites, it seems to have a wider spectrum of articles focusing on international events with is great for understanding where the money is flowing. I'm not the type that likes to day trade or invest for the short term, I've got my startup to work on, but I can't help but feel like I'm speculating when I put my money into gold or RJI.
I've also become interested in gold, commodities, and currency trading through hearing Ron Paul talk. My basic understanding of gold is that it rises in value when the dollar falls and is used as a hedge against the dollar. But I too am in the dark about the details of it's movements.
Also, the commodities market is starting to rise right now and it seems like this will continue. Just like the burst of the internet bubble led to the real estate bubble - it looks like the burst of the real estate bubble is giving rise to the commodities market.
This is just my general understanding and I'd love to learn more about the details of what moves these markets.
Also, my suspicion is that for long term investing being educated can help, but as far as short term profiting from the dips, etc. that seems like a game played by insiders. An independent investor would have to dance on a tightrope held by invisible hands.
As for now, paying off credit card debt is a great investment. Nothing like reversing guranteed annual losses of 20% or more.
I agree, that adding wealth to this community would increase its power and influence.