Comments on: Joseph Wealth Systems http://christianpf.com/joseph-wealth-systems/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-135783 Andrew Tue, 04 Oct 2011 04:15:28 +0000 http://christianpf.com/joseph-wealth-systems/#comment-135783 Hi Gisle, I have been involved with JWS (now YOUnique) for over 3 years. They have recently adjusted the amount that business owners in YOUnique pay to be involved. It is now US$100 per month which includes a $25 savings amount. This is a far better plan than the old one and I think making an income is a lot more realistic. For example, this month I have covered my monthly business cost and more. In my view, the big plus with YOUnique is the savings plan. I firmly believe that dollar cost averaging your gold and silver purchases (ie buying a little regularly) is the best option for small investors. The best products to save in are the silver bars and the gold bars I think. I don't consider that getting coins gives you any further leverage in physical gold than in getting plain gold bars (others may disagree). The shekels are probably not going to be more saleable than the gold value plus a small premium. But using the dollar cost averaging process to buy means you get good value over time. Hi Gisle,

I have been involved with JWS (now YOUnique) for over 3 years. They have recently adjusted the amount that business owners in YOUnique pay to be involved. It is now US$100 per month which includes a $25 savings amount. This is a far better plan than the old one and I think making an income is a lot more realistic. For example, this month I have covered my monthly business cost and more.

In my view, the big plus with YOUnique is the savings plan. I firmly believe that dollar cost averaging your gold and silver purchases (ie buying a little regularly) is the best option for small investors. The best products to save in are the silver bars and the gold bars I think. I don’t consider that getting coins gives you any further leverage in physical gold than in getting plain gold bars (others may disagree).

The shekels are probably not going to be more saleable than the gold value plus a small premium. But using the dollar cost averaging process to buy means you get good value over time.

]]> By: Gisle Hannemyr http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-135357 Gisle Hannemyr Mon, 03 Oct 2011 16:36:31 +0000 http://christianpf.com/joseph-wealth-systems/#comment-135357 I am looking into the JWS saving program. How is the program doing? Are the shekels saleable in the present market? How much to they bring? TIA. I am looking into the JWS saving program. How is the program doing? Are the shekels saleable in the present market? How much to they bring? TIA.

]]> By: Lisa B. http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-86829 Lisa B. Thu, 02 Dec 2010 06:56:39 +0000 http://christianpf.com/joseph-wealth-systems/#comment-86829 Why are you selling now??! For goodness sake we've only just begun the run up in precious metals. To turn it back into colored paper now would be crazy to say the least. Insurance...buying a generator for a power outage in the event of a hurricane is an insurance policy. You are insuring that you will have at least some power. You are taking responsibility for yourself without a 3rd party getting involved. Gold and silver act the same way as paper currency drifts toward its true value, inflation escalates, etc. Why are you selling now??! For goodness sake we’ve only just begun the run up in precious metals. To turn it back into colored paper now would be crazy to say the least.
Insurance…buying a generator for a power outage in the event of a hurricane is an insurance policy. You are insuring that you will have at least some power. You are taking responsibility for yourself without a 3rd party getting involved. Gold and silver act the same way as paper currency drifts toward its true value, inflation escalates, etc.

]]> By: Daniel http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-86680 Daniel Wed, 01 Dec 2010 21:33:56 +0000 http://christianpf.com/joseph-wealth-systems/#comment-86680 The JW gold I bought at the beginning of this discussion was bought at approx $1,600 (at the time spot at $1,000) per oz. Since then the spot gold price has increased more than 30%. Where do I sell my gold to realise my profit? The best I can get is about 85% of spot. Insurance, excuse my incompetence, but I don't understand. An insurance involves and insurer, insured and an agreement between the two. I see none of it within gold. Please explain further. Your tedious friend, Daniel The JW gold I bought at the beginning of this discussion was bought at approx $1,600 (at the time spot at $1,000) per oz. Since then the spot gold price has increased more than 30%. Where do I sell my gold to realise my profit? The best I can get is about 85% of spot.

Insurance, excuse my incompetence, but I don’t understand. An insurance involves and insurer, insured and an agreement between the two. I see none of it within gold. Please explain further.

Your tedious friend,
Daniel

]]> By: Daniel http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-51912 Daniel Thu, 08 Jul 2010 11:24:53 +0000 http://christianpf.com/joseph-wealth-systems/#comment-51912 Andrew, Apology accepted! And in addition, my sincere apology to you as well, not at all my intention. I like your wording "good coffee table discussion"!!! I'm heading overseas, not Panama :-) so I might be offline for a week or so unless I have access and opportunity. Andrew,

Apology accepted! And in addition, my sincere apology to you as well, not at all my intention. I like your wording “good coffee table discussion”!!!

I’m heading overseas, not Panama :-) so I might be offline for a week or so unless I have access and opportunity.

]]> By: Andrew http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-51663 Andrew Wed, 07 Jul 2010 07:11:37 +0000 http://christianpf.com/joseph-wealth-systems/#comment-51663 OK, my apologies for you thinking I was hurtful towards you. Not my intention. It was advice, but written words should always have great care when they are formed in this sort of environment. I needed to explain that comment in more detail. I felt that your comments about my trip to Panama were offensive. I didn’t think I needed to justify the trip or explain the content of the meeting (which was private). I felt my integrity was questioned and judged. This was why I responded with those words. OK, so let’s bring this back to a good coffee table discussion. Your knowledge on precious metals is good. One added thought is that I don’t primarily consider gold to be an investment. Silver is the investment in my book. My primary reason for owning gold it is for preservation of wealth. I do this mainly through AFE purchases and, to a lesser extent , through the YWS business. YWS is primarily a business and as such I am in it to make an income. What attracted me to it were the people involved, their intentions and the product. I would urge you to follow Lisa’s advice above and attend a webinar (if you haven’t) and also get back to me on your research about on the comparative costs for small pieces of gold out there in the marketplace. Have you watched Chris Martenson’s “Crash Course”. It’s a great tool. OK, my apologies for you thinking I was hurtful towards you. Not my intention. It was advice, but written words should always have great care when they are formed in this sort of environment. I needed to explain that comment in more detail.

I felt that your comments about my trip to Panama were offensive. I didn’t think I needed to justify the trip or explain the content of the meeting (which was private). I felt my integrity was questioned and judged. This was why I responded with those words.

OK, so let’s bring this back to a good coffee table discussion. Your knowledge on precious metals is good. One added thought is that I don’t primarily consider gold to be an investment. Silver is the investment in my book. My primary reason for owning gold it is for preservation of wealth. I do this mainly through AFE purchases and, to a lesser extent , through the YWS business. YWS is primarily a business and as such I am in it to make an income. What attracted me to it were the people involved, their intentions and the product. I would urge you to follow Lisa’s advice above and attend a webinar (if you haven’t) and also get back to me on your research about on the comparative costs for small pieces of gold out there in the marketplace.

Have you watched Chris Martenson’s “Crash Course”. It’s a great tool.

]]> By: Lisa B. http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-51661 Lisa B. Wed, 07 Jul 2010 06:54:00 +0000 http://christianpf.com/joseph-wealth-systems/#comment-51661 Daniel, Nobody fears having a conversation with you it is just tedious at times. The specifics you want are readily available in anyone's gold shop. The catalog will tell you exactly what current prices are. Have you shopped around yet and done any price comparisons? A couple of months ago I did some work for a customer who needed help in accumulating the cost and grams/oz of gold they had purchased in the past. So I did a little spread sheet for them to see how many gram/oz they had and how many dollars each one(1/10th oz) had cost them and gave a comparison to spot (which is not very helpful in reality, but gives somewhat of a measurement.) In those particular 9 months they had accumulated 45.6 gram/1.608 oz and a cost in dollars (including shipping) of $2,099.60. Now here's the tricky part...at today's spot which I rounded to $1200 those grams would be valued at $1,930.19. This looks like a loss of $169.41. Except that just like you cannot buy a t-shirt for the price of cotton nobody can buy gold at the spot price. I love Life is Good t's but it's amazing that they cost $25 with a little simple artwork on them. I recently purchased t-shirts in bulk for a big fundraiser for $2 a piece and they were good shirts. But back to the gold. In those particular 9 months, which began in Sept. 08 till today they have nearly made up the premium. Yes, gold is an investment but it must first be looked at as insurance. I pay hundreds of dollars a month for health insurance that I vary rarely use but on a couple of occasions it has paid off. For me gold and silver are the same thing but with more "pre-existing conditions" (ie. out of control national debt here and abroad, trillions in unfunded (off budget) liabilities, and a fiat currency system that is failing and many, if not most politicians more concerned with getting re-elected than serving the people. I don't buy financial insurance because I want economic crisis and turmoil so that my insurance policy pays off (end of the world, doomsday-er) any more than I buy flood insurance because I want a flood to come. I weight the factors that I see before me and make a value judgment. I find out that the value of our dollar has decreased by 97% or so since our nation became slave to the credit issued by our Federal Reserve and I compare that with the centuries long history of gold's reliability as a store of value and I choose the tangible asset. As the commercial says, "What's in your wallet'? Paper currency that buys less every year and is easily inflated by government thus destroying it's value. It is so important to remember that it's not the price of gold that has gone up so much (it buys the same thing today that it did 100 years ago). It is worse than that. It is that the value of the dollar that I traded my labor for has gone down and cannot buy as much as it once did. If you want to buy less expensive gold and silver buy the govt. issued stuff. But just remember it comes with some risk. If you are willing to take that risk with an expensive item that's your prerogative. I choose not to. If you feel privately minted gold and silver is unnecessary and too expensive then this business is definitely not for you. Either way...hold on because we are still in the early stages of the "flight to quality" Lisa Daniel,
Nobody fears having a conversation with you it is just tedious at times.
The specifics you want are readily available in anyone’s gold shop. The catalog will tell you exactly what current prices are. Have you shopped around yet and done any price comparisons?
A couple of months ago I did some work for a customer who needed help in accumulating the cost and grams/oz of gold they had purchased in the past. So I did a little spread sheet for them to see how many gram/oz they had and how many dollars each one(1/10th oz) had cost them and gave a comparison to spot (which is not very helpful in reality, but gives somewhat of a measurement.)
In those particular 9 months they had accumulated 45.6 gram/1.608 oz and a cost in dollars (including shipping) of $2,099.60. Now here’s the tricky part…at today’s spot which I rounded to $1200 those grams would be valued at $1,930.19. This looks like a loss of $169.41. Except that just like you cannot buy a t-shirt for the price of cotton nobody can buy gold at the spot price. I love Life is Good t’s but it’s amazing that they cost $25 with a little simple artwork on them. I recently purchased t-shirts in bulk for a big fundraiser for $2 a piece and they were good shirts.
But back to the gold. In those particular 9 months, which began in Sept. 08 till today they have nearly made up the premium. Yes, gold is an investment but it must first be looked at as insurance. I pay hundreds of dollars a month for health insurance that I vary rarely use but on a couple of occasions it has paid off. For me gold and silver are the same thing but with more “pre-existing conditions” (ie. out of control national debt here and abroad, trillions in unfunded (off budget) liabilities, and a fiat currency system that is failing and many, if not most politicians more concerned with getting re-elected than serving the people.
I don’t buy financial insurance because I want economic crisis and turmoil so that my insurance policy pays off (end of the world, doomsday-er) any more than I buy flood insurance because I want a flood to come. I weight the factors that I see before me and make a value judgment.
I find out that the value of our dollar has decreased by 97% or so since our nation became slave to the credit issued by our Federal Reserve and I compare that with the centuries long history of gold’s reliability as a store of value and I choose the tangible asset.
As the commercial says, “What’s in your wallet’? Paper currency that buys less every year and is easily inflated by government thus destroying it’s value. It is so important to remember that it’s not the price of gold that has gone up so much (it buys the same thing today that it did 100 years ago). It is worse than that. It is that the value of the dollar that I traded my labor for has gone down and cannot buy as much as it once did.
If you want to buy less expensive gold and silver buy the govt. issued stuff. But just remember it comes with some risk. If you are willing to take that risk with an expensive item that’s your prerogative. I choose not to.
If you feel privately minted gold and silver is unnecessary and too expensive then this business is definitely not for you. Either way…hold on because we are still in the early stages of the “flight to quality”

Lisa

]]> By: Daniel http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-51653 Daniel Wed, 07 Jul 2010 05:16:26 +0000 http://christianpf.com/joseph-wealth-systems/#comment-51653 Andrew, Like everything, if it is the truth then it will stand strong. If it is belief, well, it is a gamble. My intentions are nothing but to bring out the real numbers in this, and so far.... "no show", except for minus 20%. I must give it to you, you were close, but still no numbers. Quote: "You lack understanding and most of all wisdom" End quote .... ouch!!! That hurt. Firstly that is a personal attack, I have never personally attacked you, I have always addressed your reasoning not your persona. Secondly, it is a judgement on somebody else , of whom you know very little about. I have never judged you. Just because I do not have your information, which supposedly is the gospel and by the way you cannot share, therefore "I lack understanding/wisdom"? Thirdly, then you try to make it correct by stating there are some people thinking about my well-being! Who? Where? How? I think you fear this discussion, not my intentions. Andrew,

Like everything, if it is the truth then it will stand strong. If it is belief, well, it is a gamble. My intentions are nothing but to bring out the real numbers in this, and so far…. “no show”, except for minus 20%. I must give it to you, you were close, but still no numbers.

Quote: “You lack understanding and most of all wisdom” End quote …. ouch!!! That hurt.

Firstly that is a personal attack, I have never personally attacked you, I have always addressed your reasoning not your persona.

Secondly, it is a judgement on somebody else , of whom you know very little about. I have never judged you. Just because I do not have your information, which supposedly is the gospel and by the way you cannot share, therefore “I lack understanding/wisdom”?

Thirdly, then you try to make it correct by stating there are some people thinking about my well-being! Who? Where? How?

I think you fear this discussion, not my intentions.

]]> By: Andrew http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-51594 Andrew Tue, 06 Jul 2010 18:36:34 +0000 http://christianpf.com/joseph-wealth-systems/#comment-51594 Daniel, This confirms my fears about your intentions in this discussion. You lack understanding and most of all wisdom. I wish you well in your life's endeavors. Remember, some people actually have your well-being in their thoughts and aren't our to deceive. Daniel,

This confirms my fears about your intentions in this discussion. You lack understanding and most of all wisdom. I wish you well in your life’s endeavors. Remember, some people actually have your well-being in their thoughts and aren’t our to deceive.

]]> By: Daniel http://christianpf.com/joseph-wealth-systems/comment-page-1/#comment-51546 Daniel Tue, 06 Jul 2010 11:34:12 +0000 http://christianpf.com/joseph-wealth-systems/#comment-51546 Andrew, 1) You have confirmed that shekels are a negative investment, even though the gold price has gone up. This is something I have stated all along. 2) You have confirmed that to know about YWS/AFE you have to fly to Panama to get the info as the issues you raised are most likely the same as others. If not, why bring it up in our discussion? 3) I don't mind buying gold. However, getting an offer from somebody who has his calculations 57% wrong doesn't give me confidence. so .... no thanks! QED (it means, "that which was to be demonstrated") You have confirmed my concerns greatly, and I thank you! PS. "Carpe Diem" is from a Latin poem of Horace. Commonly translated as "seize the day". I don't see the relevance in this discussion. Andrew,

1) You have confirmed that shekels are a negative investment, even though the gold price has gone up. This is something I have stated all along.
2) You have confirmed that to know about YWS/AFE you have to fly to Panama to get the info as the issues you raised are most likely the same as others. If not, why bring it up in our discussion?
3) I don’t mind buying gold. However, getting an offer from somebody who has his calculations 57% wrong doesn’t give me confidence. so …. no thanks!

QED (it means, “that which was to be demonstrated”) You have confirmed my concerns greatly, and I thank you!

PS. “Carpe Diem” is from a Latin poem of Horace. Commonly translated as “seize the day”. I don’t see the relevance in this discussion.

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