Gold Hits $570

Folks,

As I mention in class, often small biz int'l traders get rich not so much from
the biz,
but from the investments they make. Where do they get the money to invest?
From
the biz. Where do they get the ideas in what to invest? From peers in the biz.
Being
in business is the key.

In the 60's, everyone at the trade shows said "buy the warehouse you are
renting..."
and by the 80's and 90's these small biz traders were rich. In the 70's it was
"buy
houses and rent them out..." and by the 90's these small biz people were rich.
In the
80's it was "buy biotechs and intel and microsoft..." and buy the 90's and now
these
people were rich. Again... it was profits from the biz that gave them the money
to
invest, and it was peers in the biz that pointed out the opportunities.

The biz they do because they love it. Indeed, I know a cook who spent 6 months
a
year slinging hash in Dutch Harbor and buying houses with his paycheck in
Seattle
each year. By 2003 he had 20 houses averaging $750,000 a piece. Yes, the cook
is
worth $15 million. He loved cooking and he got rich.

When gold was about $260 in 2001 people in biz began saying that was a place to
invest. I suspect that prudent investors who put 10% of their savings in gold
will find
it becomes 90% of their asset value in the next decade.

Funny thing is, this is always seen as some sort of unexpected retirement fund
for
these people, and not central to their identity. It is not why they got into
the biz.

At any rate, the key is to get the biz going.

John

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