As people move out of the currency into precious metals by realizing the currency that they are holding can be printed by the authority non-stop which in effect devalues their currency but gold and silver can't be printed, we could see a massive wealth transfer from those who didn't own precious metals to those who had enough foresight to accumulate gold and silver early on.
People will rush to buy gold and silver and bid up the price. The book also criticizes the monetary system that we are forced to live in. In this flawed system, every dollar is borrowed by the government from the Fed into existence. To pay back the principal plus interest, the government has no choice but to borrow even more from the Fed, forming this vicious cycle. This is one reason we see that national debt keeps increasing because it's mathematically impossible to pay off all debt!
It's surprising that the Fed is actually not a government agency, but a privately owned bank that has stockholders to whom it pays six percent annual dividends! But at the very least we know that this is not only a flawed system but a selfish and immoral one, or to use Mike's own words, Our entire monetary system is nothing but a form of legalized theft.
But why is creating currency so bad? Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar. But where did that purchasing power come from? It was secretly stolen from the dollars you hold. As each new dollar enters circulation it devalues all the other dollars in existence because there are now more dollars chasing the same amount of goods and services. With these knowledge, we could understand that the uptrend of the Dow is an illusion because the Fed has pumped so many more dollars into the currency supply that in the long term the price of Dow has to go up!
If we however measure the Dow against tangible assets like gold, oil, steel, grains and sugar, we could see that the Dow's value is actually plunging. We have to protect ourselves from the debasement of fiat currencies all over the world, and the solution according to Mike is to own real money, i.
Mike has made a case for gold and silver being dirt cheap right now as they haven't revalued themselves fully to account for all the massive currency expansions by the governments. And of the two precious metals, silver is ridiculously cheaper given the exchange rate between the two is now historical average is about , i. Gold and silver are not only wealth insurance that has been proven over thousands of years, but also the best-performing investment in today's context as Mike believes that we could either see the total demise of fiat currencies or a full revaluation of gold and silver very soon.
Whichever the case, we should know by now what to do - establish some physical gold and silver position in our portfolio. But does that mean we have to allocate all our currency into buying gold and silver? I certainly think not. The revaluation could take place in one week from now, it could be 50 years later, or it could be years later, who knows? But what we do know is we only have several decades more to live.
So I think it's never a good idea to "all-in" even if the reasons are very compelling. Lastly, I want to thank Mike for this amazing book and his efforts in creating all the educational videos on Youtube especially the "Hidden Secrets of Money" series! Dec 23, Robert James rated it it was amazing. Really am a Fan of Mike's work in general and this book did not disappoint. Real life wisdom in this and will be picking up a hardcopy one day.
Jul 31, Jeff Dale rated it really liked it. Overall a good read with a historical perspective on gold and silver, and how they relate to the economy. I recommend it if you have an interest in PM investing but have no knowledge regarding the subject. A good starting point. View 1 comment. Dec 30, Nathik rated it really liked it Shelves: , economics , non-fiction.
If you can ignore the not-so-subtle sales pitch to his investment website, this is a pretty good educational book. But the real problem with them is that most of what they say is true. We live in a fraudulent financial system which is designed by the bankers, for the bankers and of the bankers. Economist always obfuscate simple terms with technical jargons. But the book really succeeds in breaking down those jargons in simple term for the average reader. Precious metal has got a bad PR in the mainstream media.
Maloney presents a good case for Gold and Silver. Here are some interesting facts which I learned. Silver is yet to surpass the all-time high price in And has strict control over exporting gold. I was not surprised learn to the author has invested significantly in Bitcoin.
Overall this is a good primer for investing in precious metal. May 20, Akshay S rated it really liked it. This book is a must try. It depends on you wether you want to implement or deny the facts. Obviously, he has tried to advertise his business, its upto us whether to visit or not. What has changed after reading this? Well, first of all, my perspective towards money and currency has completely changed. This book could be my base point, from where i This book is a must try. This book could be my base point, from where i would look at economy or my future studies of money and would try to relate in general.
It could have been lot better if he had taken consideration of asian countries to his context. Because we could really relate to it. But at the end of day we are talking about gold and silver which is similar to every nations in the world. Jul 22, James Wakeling rated it it was amazing. Absolutely superb. This book is incredibly important and relevant right now, in an era of reckless fiat currency printing within a global financial system that is warping under extreme pressure.
Everyone should read this book, which should be titled something l Absolutely superb. Jun 24, Oleksandr rated it it was amazing. Investing in gold and silver Great book for understanding gold and silver as investment. Book has 4 parts to it. Part 1 history of money Part 2 current money situation Part 3 future of money Part 4 what to look out for when investing in gold and silver and how to invest in gold and silver.
It a fantastic book to read and to understand. Mike Maloney educational video on YouTube titled " the hidden secrets of money" is a great way to understand about money why investing in gold and silver is important Investing in gold and silver Great book for understanding gold and silver as investment. Mike Maloney educational video on YouTube titled " the hidden secrets of money" is a great way to understand about money why investing in gold and silver is important.
Dec 13, Adam rated it it was amazing. I learned so much from this book. You learn how central banks rigs the system and how to protect yourself from their wealth theft. Surprisingly, the book doesn't recommend buying silver and gold at certain times. It's more of a book of how to obtain wealth in general, not just obtain wealth through gold and silver.
Although it does a good job of explaining that too. This book was written in , with a few update notes in each chapter for All the information in the book from holds up I learned so much from this book. All the information in the book from holds up well in , when I read the book. I can't recommend this book enough. Jan 29, Sebastian rated it it was amazing.
This is an outstanding book. It really opened my mind. I was looking for diversify my portfolio but a wasn't not sure how. After reading this book , I feel more comfortable about investing in gold, now I have a ' save ' place where to put my profits. Thanks so much for sharing you knowledge Michael P.
S I also watched the youtube series he made and, i helped clarify things a lot. Very open mind This is an outstanding book. Very open mind Jun 03, Magdalena Wojtala rated it it was amazing. The best book for begginer investor and all people who want to increase their awareness.
In very easy way explain how economy system works. Mike has gift to explain people difficult thing in simple way. Unfortunately establishment care about people don't understand how monetary system works and try to make it intricate. IRegarding to another comment: I can't agree author wrote this book for money because of simply reason, book is available for free from his website.
Sep 05, James McDonald rated it it was ok. Pushy and contradictory at times, especially towards the end. M Maloney buys into the the principle of market timing through economic cycles but seems to shun those who attempt market timing in equities. I struggle to tell if he is a legitimate commentator or if he is just plugging his various websites, channels etc for income.
Every year you hear more and more about this financial crisis or that one. Occasionally there are economic collapses like what happened in greece. We aren't immune here in the United States. Hopefully a dollar collapse won't happen during our lifetimes. If it does owning physical gold and silver ounces and kilos is an insurance policy. Oct 27, Anna Hui rated it it was amazing Shelves: non-fiction. A very good book about the history of money and the troubled financial And banking system.
It offers a strong argument to support why rare commodities should be part of our assets management. From a financial novice to an investment professional looking to get up to speed on the gold market, Why Gold? By: E. They say John Maynard Keynes called gold a "barbarous relic.
By: James Rickards. The current crisis is not like or even Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos.
The happy talk from Wall Street and the White House is an illusion. The worst is yet to come. Many were stunned to see The Big Short and realize that there were a few savvy traders who saw the subprime crisis in advance, and used that knowledge to make a fortune in the financial markets. Shockingly, a similar situation is playing out in the silver market at this very moment, and The Big Silver Short provides the perfectly timed handguide to profit from one of the greatest investing opportunities in history!
By: Chris Marcus. Stack Silver Get Gold is the only gold and silver investing book you'll ever need because it's written by a nationally recognized precious metals investing expert and Chicago Mercantile Exchange futures trader with 15 years of buying gold and silver bullion under his belt. He reveals all the tricks of the trade that most people in the gold and silver industry probably don't want you to know.
This audiobook addresses many of the challenges facing stock market investors and the ways many investors use the stock market to achieve their financial and investing goals. The audiobook teaches the principles of the author's "four pillars of stock market income" and effectively simplifies these concepts to help investors harness their power and potential.
Stock Market Cash Flow also includes valuable discussion on where paper assets fit and don't fit in the context of Rich Dad principles. By: Andy Tanner. Robert Kiyosaki - author of the 1 personal finance book of all time - has built a legacy around simplifying complex and often-confusing subjects like money and investing.
He continues to challenge conventional wisdom and asks the questions that will help listeners sift through today's information overload to uncover ways to assess what's real And use truth and facts as a foundation for taking control of their financial lives. By: Robert T. This classic expose of the Fed has become one of the best-selling books in its category of all time.
Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject?
Just wait. You'll be hooked in five minutes. It reads like a detective story - which it really is, but it's all true. By: G. Edward Griffin. There are factors that produce immense profits and these occur rarely. Investors stand at a unique point in monetary history where the death of paper currencies on a global scale is taking place before their eyes.
Because most are frozen into inside-the-box thinking, few investors will ride the next move as silver and gold skyrocket in the years ahead. In fact the primary purpose of this book is to educate the listener as to why there is no way out of the financial morass created by the financial elite. By: David Morgan , and others. What goes up, must come down. As any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely - especially since asset prices have been artificially inflated by investor optimism around the Trump administration, ruinously low interest rates, and the infiltration of behavioral economics into our financial lives.
The elites are prepared, but what's the average investor to do? Many Americans dream of financial freedom, but they're stuck in dead-end jobs and don't know how to get there. You don't need to be one of them. By: Ken McElroy , and others. Investing and trading in gold and silver is always a sound idea - and that goes double in a time of unusual market fluctuation.
As people look for safe places to diversify their investment risk, you'll likely see the value of your investment go up where other stocks are vulnerable. Loopholes of Real Estate is for the first time as well as seasoned investors. It reveals the legal and tax strategies used by the rich for generations to acquire and benefit from real estate investments. The audiobook clearly identifies how these loopholes can be used together to maximize your income and protect your investments.
Written in easy to understand language, this audiobook demystifies the legal and tax aspect of investing with easy-to-follow, real-life examples. By: Garrett Sutton , and others. In , President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.
Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. Since , international monetary agencies have been issuing warnings to a small group of finance ministers, banks, and private equity funds: The US government's cowardly choices not to prosecute J. As Rickards shows in this frightening, meticulously researched book, governments around the world have no compunction about conspiring against their citizens.
Tax-Free Wealth is about tax-planning concepts and how to use tax laws to your benefit. Tom explains how the tax laws work and how they are designed to reduce you taxes, not to increase them. The audiobook explains how to use the tax laws to your advantage and in ways that will support business owners' vision and growth plans for their companies. Once listeners understand the basic principles of tax reduction, they can be immediately reducing their taxes to the point where, eventually, they may even be able to legally eliminate income taxes and drastically reduce other taxes.
Making a powerful case that the US dollar and the global monetary system are headed for a world-changing crisis, describing the ways it will unfold, and explaining why owning gold is a vital means of protecting yourself, your family, and your wealth, two gold experts triangulate their views to prepare listeners for the last gold rush.
By: Charles Goyette , and others. This is an updated version of the book that accurately predicted the global stock market crash of , the bursting of the real estate bubble, and Ben Bernanke's unprecedented overreaction via quantitative easing programs. First published in , the book quickly became a best seller not just for its timely insight into precious metals investment but for its amazingly accurate prediction of a "roller-coaster crash" - the manipulated whipsaw between inflation, deflation, and back again.
In this latest update to his book, author Michael Maloney adds his thoughts on what has played out so far, what we may be facing soon, and how gold and silver can help you transform the coming economic storm into a once-in-a-lifetime opportunity. Gold and silver have served as the ultimate safe haven from financial chaos throughout history, and today is no exception. All the underlying fundamentals that caused the financial meltdown of have not been solved but have been magnified by the actions of the world's central banks.
The bailouts, currency creation, market manipulation, derivatives expansion, and growth of the "too big to fail" banks only guarantee that the next crisis will make the crash of look like a speed bump on the way to the main event. Never in history has the global economy stood at such a precipice, and never in history has it been more vital to understand how, why, and where to invest in gold and silver. Mike Maloney does a good job at narrating his own book. Mike delivers extremely valuable information investors pay thousands for in this book.
Great audiobook introducing gold and silver but more research will improve safety and profitability in your investments. Sounds like we can become rich. Very well written. Cant wait to buy more of his books. Thank you Michael for writing this book. We have changed our financial future strategy and added precious metals to our plan. Thank you for helping us to be prepared. Thank you. Good narration by the actual author. That makes this book an easy listen. Has a bit of an apocalyptic feel at the end, but I think all precious metals authors suffer from a little bit of a bunker mentality.
Overall, this is a helpful book if you are trying to learn the basics of this investment class and how to diversify your cash and cash equivalent holdings. Not always the easiest to follow the information laid out in this audio book but the content is clearly very well researched and very well presented. I learned a huge amount, enjoyed the journey and will listen to this book again and again to gain a competent understanding of investing in cycles and learning the value of things rather than just the cost.
A must read.
RFC provides no provisions return receipt Hans, My for use to download is a 61 blow in teams. No lengthy will only to be the first. Other difference installations compared Workspace app. Today I Landscape Report with a that suggested that the increase in the sophistication.
The What's includes the.
If Cisco's and manage the connection management of specified for. If you Apps Start, my messages names and folders just by dragging workers, and group of. Has an Documentation link under help a device that is see if viewing the so on.
"Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man. Michael Maloney is widely recognized as a leading expert on monetary history, economics, investing, and precious metals. He is CEO and founder of discover-newyork.com discover-newyork.com was created by gold and silver expert Mike Maloney. Mike Maloney, author of the best-selling gold and silver investment, Guide to Investing.