Comments on Roger Hamilton XL Blog: Who wants to be a millionaire? I mean, really??

Thank you for expanding on that Roger! I hope the ...

2010-10-02T09:25:06.854-07:00

Thank you for expanding on that Roger! I hope the dollar picks up regardless, from the looks of it (after watching Ron Paul youtube vid &other sources) there is continued upheaval on the horizon.

The Australian $50 note was first circulated in 19...

2010-10-01T01:10:21.184-07:00

The Australian $50 note was first circulated in 1973 and the $100 note in 1984. Both purchased the same amount of products or services on the day they were introduced. In other words: between 1973 and 1984 that currency devalued by half.

In 1969 AUD$0.88 bought US$1.00 and today the two currencies are almost on parity.

Money may be a great way to keep score, but you'd better count it really quickly because it is reducing in value every second!

Hi Peter - I think he's right to say don't...

2010-09-30T17:46:11.342-07:00

Hi Peter - I think he's right to say don't leave it in stocks. There is so much new money that banks and institutions now have available - it moves daily between currencies, stocks and other instruments that offer high velocity. That means you could easily lose your capital even though the underlying value is there.

But putting it in the bank simply means you've put your wealth is tied to currency movements instead of stock movements - which is even higher velocity and now higher volatity (as we've seen this year).

For example, if you had put your money in a US$ account at the beginning of this year, you've already lost over 20% of it compared to having it in gold, and over 10% of it if you had it in Australian dollars instead.

So if you've got spare cash, I'd say put it in:

1. Currencies with upward pressure (Asia / Australia)
2. Property with upward pressure (Singapore / Some parts of China & Australia)
3. Commodities like gold and silver

All three of these are assets that have a controlled growth in supply, but a faster growth in demand. VS shares and currencies that companies and governments can (and are) freely printing.

Thanks Rodger. This is a great summary of what I h...

2010-09-30T13:33:54.266-07:00

Thanks Rodger. This is a great summary of what I have read about a few times and I'd love to know more. I would love to know how the different currencies have aligned themselves to gold over the years? As you said the USD aborted the alignment - therefore making itself 'only worth what someone will trade you for it'. What about the other currencies? I heard for every dollar they printed in the mint they would purchase the same proportion in physical gold. Over the years this has changed from 1:1. Am I understanding it? Thanks Rodger and thanks for all your great information.
Michael Maidens

I found it kind of strange the Mark Cuban was rece...

2010-09-30T10:24:00.725-07:00

I found it kind of strange the Mark Cuban was recently advising people to put their money in the bank, isn't it better to invest in assets? http://blogmaverick.com/2010/08/20/the-stock-market-is-still-for-suckers-and-why-you-should-put-your-money-in-the-bank/