Lesson 2: 5 Rules of Investing (& George’s Thoughts on Gold)

January 24th, 2010 | by The Broker |
Zapatageorge asked:


Zapata George discusses his fives rules of smart investing.

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  1. 25 Responses to “Lesson 2: 5 Rules of Investing (& George’s Thoughts on Gold)”

  2. By ivangrozny27 on Jan 24, 2010 | Reply

    @abcrane

    That’s true to an extent but gold is so embedded into the human psyche as something tangible & something valuable that it will be used as currency and as a store of wealth for as long as humans are around. Barter can work for certain things in bulk (or single items) but the ancient empires eventually realised a medium of exchange was vital to the economy. An ounce of gold today will buy you the same thing it bought you 80 years ago (e.g. a good suit).

  3. By DillonX on Jan 27, 2010 | Reply

    Damn – he left out the most important thing

    YOU MUST HAVE ANY GOLD YOU BUY TESTED.

    In the olden days people sold gold bars that were filled with lead

    Some people could tell the difference by weight.

    But today they put tungsten in the gold bars so you can’t tell the difference by weight

    It’s now been revealed that many suckers have bought fake gold.

    If you insist on buying gold – be sure to take physical possession AND HAVE IT TESTED.

  4. By abcrane on Jan 28, 2010 | Reply

    Zapata rides one mighty ship!
    He states that Gold is the only real money.
    Ah! But remember, air, food, and survival can be traded for “gold=money” ONLY SO LONG AS PEOPLE COLLECTIVELY DEFINE THAT MEANING. If tomorrow we engage in 100% Barter, then tomorrow is when Gold is only valuable for its direct technological purposes–and not for its “symbolism of real wealth.”

    Zapata is right but perhaps in the wrong context. OIL=WEALTH….. BUT OIL=DEATH

  5. By Krustbox on Jan 30, 2010 | Reply

    Search “Gold Investing” on Krustbox (dot) com

  6. By erictjie on Jan 31, 2010 | Reply

    as always gold will bust under $300 again in the next 2 years. just another cycle

  7. By KashmirShahzad on Feb 2, 2010 | Reply

    There will be a worldwide electronic blackout in the near future wherein everybodys account will be erased of all money.
    Gold is all u will have. Gold. Gold. Gold.

  8. By haynaku2007 on Feb 4, 2010 | Reply

    I suggest that that you provide a better and bigger board.

  9. By phonedial9 on Feb 5, 2010 | Reply

    I’m thinking about getting rich quick? I guess you didn’t catch the sarcasm when I said “good luck speculating”. LoL

  10. By Ryukikon on Feb 7, 2010 | Reply

    Gold is a terrible investment you only say that one because you truely don’t understand what your talking about and two your probably thinking only about getting rich quick. If you fall into the latter I will waste no more time taking to you, you need to educate your self to the point where you understand something from the ground up. Not just know it as it is stated at the level of ground or at the level of up. Good luck.

  11. By audiohi on Feb 10, 2010 | Reply

    IMO gold is going to skyrocket, and im not a gold bug by any means. The point about gold being unable to be used in a computer transaction is exactly why its going to go up. Didnt anyone here listen to George? Hes absolutely right, the fundamentals are going to skyrocket when the curtain is lifted and everyone sees that our economy is nothing but a house of cards.

  12. By Parker345912354 on Feb 13, 2010 | Reply

    There is no gold standard anymore, gold is just another object like a tv or a dvd player it can be sold but it cannot be used in a computer transaction (of witch 97% of the world economy thrives on) this alone has renderd gold a pointless to invest in. however when the economy colapses (witch it will) it would probbly be a wise to own some gold, so dont trade it.. KEEP IT

  13. By phonedial9 on Feb 13, 2010 | Reply

    Gold is a terrible investment. The cycles are too long. The only way to play gold is as a speculator (good luck) or using it as a hedge. Anyone who buys gold for the long term because they think it will outperform the other markets is a fool.

  14. By tfrenn on Feb 14, 2010 | Reply

    Gold and silver have had every excuse to set new record highs but have been found wanting. In a deflationary environment cash is king. Gold will only go up if the dollar is devalued. With the destruction of credit, which means deflation, gold going higher is a long time coming.

  15. By SadeTabitha on Feb 17, 2010 | Reply

    Nice try. Keep it up check out esteembpo + com for social media marketing. fsdj]

  16. By Catchetat on Feb 19, 2010 | Reply

    What are the fundamentals?

  17. By spiderman1321 on Feb 20, 2010 | Reply

    cars run on roads….

  18. By bassthunder on Feb 21, 2010 | Reply

    cars don’t run on electricity!!!!

  19. By ImDPhatPanda on Feb 24, 2010 | Reply

    This video was made in 2007…hows the stock market doing for ya now?

  20. By Mattisbehindyou on Feb 24, 2010 | Reply

    plastics take up more oil than all the cars in the world.

    you didnt know that did you?

  21. By JRCrowley on Feb 24, 2010 | Reply

    George, you’re THE BEST.

  22. By DirectQuestion on Feb 25, 2010 | Reply

    Gold was not always worth money. There were also fiat currencies that are still very effective today.

  23. By zibbyblahblah on Feb 28, 2010 | Reply

    they are both important

  24. By contactwhall on Mar 1, 2010 | Reply

    Yes but oil is still needed for more than the petrol to run the car. think of the manufacture of the power stations – the production of the car – all are driven by oil.

  25. By rofsjan on Mar 2, 2010 | Reply

    Great rules.
    But how about cars running on electricity, not on oil in 5 years? Then demand for oil will decrease.

  26. By 1ToNJaB on Mar 5, 2010 | Reply

    Where the GOLD AT! Ive been thinking about getting some Maple Leaf Gold coins. I wish I would have bought some a week ago when it was down at 700, but its back up to 800 again, but still good because thats what it was at last November of 07. I think people bought like crazy when it crashed and thats why it shot up so fast in a week… I figure after this big jump, it will slowly fall again but make its usual steady climb again after the economy crisis.

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