Buying Gold and Silver
November 26, 2008 by Mark T. Rafter · Leave a Comment
I found a great new resource for getting the latest and greatest street prices for gold and silver. It has been the case that the spot price of precious metals has been collapsing like everything else. This is in due in part to the massive deleveraging of hedge funds who are selling anything they have of value to meet their margin calls as investors redeem their accounts and want to go to cash. Since these are paper contracts to buy (or sell) silver and gold, it is not really reflecting the price on the street where you and I have to go to buy a one ounce coin or other inflation hedge such as so many people are doing now.
Hence the price of gold at your local bullion dealer has been significantly above what you see online as the “market price” of gold (or silver or platinum, etc.). Enter… The Ebay Factor!
I have been buying and selling gold and silver on eBay for nearly 5 years now and consider it to be the “true” market price as it is a) widely available and b) has a broad selection of inventory (something tough to come by at a dealer these days).
There is a site that has set up a seemingly endless combination of search bots that can tell you whatever you want to know about the price of gold and silver on ebay. Current listings for all kinds of different products (and countries of origin), average sold price, % above spot price things are selling for, etc. It’s absolutely awesome … especially for a trader like me that wants to buy low and sell high. I can keep an eye on how things are playing out and jump in and buy when the trend is down and toss items up for quick auctions when the price trend is up.
Check it out. The site is www.24gold.com and the links for silver and gold are below. Happy Bidding!
Carmakers Squirm While Banks Take the Cash
November 21, 2008 by Mark T. Rafter · Leave a Comment
The stock market right now is quite a chaotic place. Much of the volatility is centering about carmakers and why or when or if they will get the hand out filled by more money from the taxpayers and US Govt.
Some people cannot figure out why the banks have been plied with cash but all of sudden everyone in Washington is getting squirrley when it comes to handing over money to GM, Ford, and Chrysler.
My two cents is that this is part of the collateral damage from our economy moving towards financial products and away from manufacturing that has gone on for decades.
I read a book about 6 months ago called “Bad Money” by Kevin Phillips. It discusses this overall credit disaster we are in and the dangerous attitudes and flawed products of psychotic megafinance. Read more
Building Wealth Daily Nov 15 08
November 15, 2008 by Mark T. Rafter · Leave a Comment
Here are today’s offerings from the blog-o-sphere on building wealth.
Property Investments For Anyone Building Wealth
By admin
Anyone considering building wealth needs to take into consideration the many benefits that can and do come to those that invest in real estate. They need to realize the true benefits of security and value that come from property … (MTR Comments - I haven’t yet figured out the deal with this blog … is it one person or an article submission factory (?). In any event, good stuff today on real estate investing.)
Your Wealth Guide - http://www.yourwealthguide.com/
Building Wealth through Non-Conformity
By Jose DeJesus MD
Here are some simple guides to breaking away from the patterns that block most people from building wealth. Physician Entrepreneur - http://physicianentrepreneur.com/
Wealth is a Choice: What Do Most People Think
By admin
I give a simple definition for wealth in my free e-book and a plan to get you on the road to building wealth. Donald Trump is really no different than any of us, but as he grew up he watched his father build an empire in real estate as … (MTR Comments - This guy reiterates one of my standard lines from all of my presentations: Becoming wealthy is a choice. He has a few too many ads for my taste however).
Infinite Wealth - http://www.moneykicks.com/
Strategies by the experts?
By nycbull212
… stocks this is a game of leverage but I would essentially have to have 100 properties flowing $100/mnth to even get excited about the return and that seems to be hard to achieve… so REAL strategies on building wealth in this game? (MTR Comments - Pretty good collection of comments on real estate investing). BiggerPockets Forums - http://www.biggerpockets.com/forums/
Building Wealth Daily Nov 11 08
November 11, 2008 by Mark T. Rafter · Leave a Comment
Here are today’s offerings from the blog-o-sphere on building wealth (couple of really good ones today … see those with an asterisk following the title *).
Are you chasing wealth instead of harvesting it? [UK Wealth Coach … *
There is a difference between those who are busy trying to make money compared to those who are building wealth. I came across a great metaphor the other day from Roger Hamilton: THE NET & THE GARDEN Ecademy: user blogs - http://www.ecademy.com/module.php?mod=blog
Christmas Budgeting - Building A Christmas Fund (*Timely prep for what may be a “different” holiday-MTR)
By Erik
But, if you want to live a life of building wealth and making wise financial decisions, you need to prepare for Christmas. Hopefully, you’ve already started thinking about how much money you will spend this holiday season. Money Smart Life - http://moneysmartlife.com/
E Myth Mastery The Seven Essential Disciplines for Building a …
By Leadership Coaching
The WealthLoop Series Beginner’s Guide to Building Wealth Buying Houses (Combo Audio/Data CD): Author’s Audio Commentary Plus Downloadable 32-page Marketing Manual, Checklists, Spreadsheets, and Forms. Leadership Coaching News - http://www.leadershipcoachingblog.com/
Recession Proof Your Life Part 5
November 10, 2008 by Mark T. Rafter · 1 Comment
This is the 5th and final installment of my series on Recession Proofing Your Life. In this blog, I talk about where you really want to be going in the long(er) run and that is owning your own business, the statistically best chance for you to become a millionaire.
Part 5 – The Real Opportunity
In my wealth coaching practice (a hybrid of business and life coaching), I have talked to any number of people – peers and clients – who have said “losing my job was one of the best things that ever happened to me.” ‘Why is that?’ you might ask. Because it forces us to re-evaluate our job situation and, hopefully, the rest of our lives. We all too often get weighed down by “what is.” What we’re used to, the status quo, not rocking the boat, etc. Often, we attach far too much importance to a J.O.B. and rely on them not only for our self esteem, but as the focal point around which our lives are defined. Some people are lucky and really love their jobs. The last I checked, the percentages who claimed this mythical status was in the low 20% of those employed for someone else (the number goes up significantly for the self-employed). In general, being an employee turns out to be better than nothing (quite often a true statement) and the path of least resistance. In the current economic climate, the best job in the world could indeed be the one you have (last Friday’s unemployment numbers were the worst in years) so let me say this again: THERE IS NOTHING WRONG WITH HAVING A JOB. However, in my experience, the employee route is typically - there are always exceptions - antithetical to growth and keeps us from our full potential as human beings. Read more
Building Wealth Daily Nov 9 08
November 9, 2008 by Mark T. Rafter · 2 Comments
The purpose of this blog in the broader context is to augment the main Integrated Wealth Resources authority site as a place people can come to find resources (websites, articles, products, insight and philosophy) about building financial wealth.
To that end, there are tons of other people out in cyberspace (do people still use that term?) blogging about building wealth. I check out lots of other sites on a nearly daily business and am going to start doing a nearly daily entry here to provide my readers with links to those blog postings and authors that I think are worth reading. I’ll weed out the crap and blatant product-selling copy so you can sample the writers that I feel are offering the most value. Just as with my speaking and info products business, I dont really look at these people as competition; we are all promoting a common goal of financial freedom and quality of life. Hey, maybe they will feel the same about me and gimme a little love in the form of a linkback!
In time, I will start adding comments to each entry to further refine what it is discussing so you go off Read more
The Building Wealth Blog














