Commodities Today

I just read a great blog entry at Moolanomy about commodities.  Commodities have been creamed liked everything else in this latest stock market cliff jumping exercise and everyone should have a) some education about what they are b) a bit of them in their investment portfolio.

As you no doubt know by reading my blog, I am partial to precious metals which are a different sort of a bird when it comes to the more basic commodities such as oil, wheat, lead, etc. due to their significant inherent value (in small quantities). Read more

Financial Literacy for Kids

Anyone that has read much of this blog knows that I am on the warpath about the overall fiscal irresponsibility demonstrated by the United Socialist States of America (used to be USA).  From the damn-the deficit-and-print trillions Federal Reserve to the cash-out-refi-something-for-nothing home owners (interesting and rather inaccurate term … “home owner” … in this case dont you think?), few people seem to grasp the depth of financial crap we have plopped ourselves into.

So, let’s talk about part of the solution:  getting people smarter now about how to actually save, invest and earn.  That is one my broader purposes with this blog (and my other blog at Your Inner Expert) but also in my life right now…I’m here to help (uh oh … I sound like Henry Paulson).  Some of you can still change your bad habits (some are beyond hope but you are likely not reading this anyway).  Anyone can benefit from the following resources but the are targeted toward the best place to start and that is: WHILE YOU ARE YOUNG. Read more

Buying Gold and Silver

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!

gold on eBay

silver on eBay

Building Wealth Daily Nov 11 08

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/

Building Wealth Daily Nov 9 08

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

Free Financial Literacy and Business Training Courses

This is a quick post to let anyone who is reading my blog to have access to this really cool blog posting that I found today.  It is a collection of free resources/courseware (lectures, problems. white papers) from leading universities (MIT, Carnegie-Mellon, Columbia, etc.) on entrepreneurship, business and finances.  They range from good, everyday guidance and info to more esoteric stuff which is of questionable value to anyone but a rocket scientist.

But, it’s all free and chance to get something from the leading educational institutions without selling your first born.

You can find it all at this entry from the Cultivate Greatness blog.