Guide To Investing in Gold & Silver: Protect Your Financial Future

Excellent book on financial systems. Requires some efforts to understand but it all worth it.

I read this book(including cover page first word to last page last word).

Loved the book ... extremely complicated concepts explained in very simle language As i said a must read across the classes

If you can ignore the not-so-subtle sales pitch to his investment website, this is a pretty good educational book. Michael Maloney is “Gold bug” and the problem with “Gold bugs” is that they sound like borderline conspiracy theorist; some certainly are. 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. This is more of an educational/history book than a guide to investing on precious metal. 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. People often vilify precious metal saying it doesn’t earn dividend, incurs storage cost and boring form of investment. Maloney presents a good case for Gold and Silver. I was surprise to learn on the level of manipulation of gold and silver price in the market due to Gold/Silver leasing and some ETFs charge money for storage fees without actually backing physical asset. Here are some interesting facts which I learned. • Gold reserves will be exhausted in 30 years and Silver will be exhausted in 25 years. • Silver is much scarcer than gold. Silver is yet to surpass the all-time high price in 1980. • If you are planning to invest in Gold and Silver using dollar-cost average, you can use gold/silver ratio to decide which one to buy. • Unlike gold, silver has got good industrial utility and hence its scarcity will play a big role in the future. • China is both the largest producer and the biggest importer of gold. And has strict control over exporting gold. Although Maloney’s criticism on the current monetary system is aimed at presenting gold as an alternative money, the case seems to be better fitted for Bitcoin (not crypto) which combines technology and scarcity with a mathematical precision. I was not surprised learn to the author has invested significantly in Bitcoin. Overall this is a good primer for investing in precious metal.

The best book i hv ever read

Eye opener

Good book to know about the financial system

The best investment you can make, in your lifetime is your financial education.- Mike Maloney

This book is a good guide to understand the basics of money. After reading the book you'll understand that the only real money for over 2500 years are gold and silver.

I extremely recommend this book, however my opinion is biased beacause I am a numbers' guy. Mike Maloney outlines an iron-clad argument as to why everybody should own some precious metals as an investment, but also as an insurance policy. Mike is not biased towards precious metals investing, he is a cycles investor. He believes that sometime this decade there will come a time to sell your precious metals & buy other types of investments instead. Historically, gold bull markets have always lasted for 12-20 years. We are currently 10 years into ours. The main indicator that Mike looks for when this bull market ends is the gold to DOW ratio. Currently it is around 9 & he thinks that it could overshoot past 1 & make a new record of 0.5. The last bottom occurred in 1980 at 1 & the one before that was around 1943 at 2. There are other indicators to look at as well. The trick, according to Mike, is to sell an asset once it reaches the price peak & then take that money & buy the most undervalued asset/investment vehicle that is around at that time. Then that asset will move into its bull market. He believes that this is the holy grail to wealth creation. The other critical point that Mike makes is that the US dollar is in serious trouble now because of the mammoth money printing (including electronic) that the federal reserve has commenced since the global financial crisis. This situation could be exacerbated by future budget deficits which may require further money printing, if investor demand for treasury bonds is lacking. Since 15 Aug 1971, the US money supply has been growing exponentially, then since 2000 it started growing logarithmically. Today, since October 2008 the US money supply (base money) has shot up like a rocket. In the 5 month period starting in October 2008, the federal reserve increased the money supply by approximately 120%. This means that it is probable that there will be hyperinflation in the US this decade & because approximately 72% of the global currency supply is US dollars (because of its use in international trade) this means that if US hyperinflation occurs it will be worldwide. Mike argues that precious metal prices could sky rocket & make massive gains in purchasing power & that a massive wealth transfer could occur from those who own cash & treasury/corporate bonds to those who own precious metals. Mike also argues that precious metals could be restored back to real money. During hyperinflation in Zimbabwe, people panned for gold in rivers to buy food. Just for some fuel for thought, Nostradamus made some predictions about gold & silver: 1. More than eleven times the moon will not want the sun, both raised & lowered to a degree. Put so low that one will sew little gold. After famine & plague the secret will be discovered. 2. The copies of gold & silver inflated which after the theft were thrown into the lake. At their discovery all is exhausted & dissipated by the debt. All scrips & bonds will be wiped out. 3. Treasure is placed in a temple by Western citizens, withdrawn therein to a secret place. The temple to open by hungry bonds, recaptured, ravished, a terrible prey in the midst. The first quatrain could refer to a silver to gold price ratio of 11:1 (Mike advocates that the logical ratio will go to 10:1) & diminished production in precious metals. The second could refer to hyperinflation & the gold & silver price manipulation by central banks & private financial institutions & the third may be about a robbery of Fort Knox or some other fortified building where precious metals are secured. Please buy the book, it is a wealth of information in regards to monetary history & precious metals investing. Precious metals is an obscure topic that will most likely become mainstream this decade. Thanks Mike.

It has "some" good information if you are new to the subject.

It is a good book for the ones who are begginners in metals investment. Dividing the book in three simple sections: Why silver and gold prices will rise up and why to save on them, the possible future or predictions of gold and silver prices and the inevitable faith of currency, and finally how to invest in precious metals and do's and dont's while investing on them. Still, I think that the book has a plenty of investing terms that freshers in these things would feel confused. Anyway, I think the book is driven to convince beginners (not newbies) that gold and silver are the best way to save for the future.

Grab this book if you haven't. This is an essential read to understand about precious metals and why we should save our (fiat) currencies in them. Get the 2015 edition. It's an updated version of the first book that came out in 2008.