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Thread: Buying Gold and Silver With Credit (Or Anything Else!)

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    Veteran Member renaissancelove's Avatar
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    Default Buying Gold and Silver With Credit (Or Anything Else!)

    This is a must watch by Gregory Mannarino. He explains how wealthy people increase their wealth using unsecured debt (credit cards). This is not your mothers advice. I thought this would be useful for my fellow gold advocates as well as financially interested entertainers on this forum.

    I think I'll let the video do the talking and allow you to take it or leave it. Happy father's day everyone!

    http://www.youtube.com/watch?v=LXQDk_Qgy_s

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    Veteran Member UrbanOzz's Avatar
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    Default Re: Buying Gold and Silver With Credit (Or Anything Else!)

    this is ridiculous! it's entertaining, but ridiculous.

    anyone can get richer by settling their unsecured loans. Then you have to bank on a 'flunky' to not reply and get your credit score repaired? no thanks

    was a good 16mins though...also the skeeziest 16mins.

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    Veteran Member renaissancelove's Avatar
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    Default Re: Buying Gold and Silver With Credit (Or Anything Else!)

    Quote Originally Posted by UrbanOzz View Post
    Then you have to bank on a 'flunky' to not reply and get your credit score repaired? no thanks
    That is a good point. I must also point out that he has a slanted view toward the global financial system. With that in mind, he points out that taking such a risk may be worth it. This video is more for those "crazy" gold bugs. The "gloom and doom"ers. For those who believe that our system cannot continue as it is, and essentially that the system is dying.

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