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

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.

Wait a second. Don't read this book now. First buy all the gold coins or bullion that you can because there isn't any time to waste. Then, read the book and you'll understand why your purchase was so urgent and so wise. As I write this, the spot price for gold is pushing $900 per ounce. I got into gold about $20 ago. Although I already understood a lot of the things this book explains, I had always put the purchase of gold on the back burner because I never really connected all the dots. However, when the current credit crisis happened and the government began talking about a Trillion dollar bailout (of course, it will cost at least 3 times that - it always does), I knew that the unavoidable result would be a devaluation of the dollar. Therefore, in order to preserve the value of my dollars, I transferred them into gold. I THEN read Michael Maloney's book. If I had been able to see the big picture as I now understand it after reading his book, I would have bought gold years ago and been way ahead of the game at this point. However, I don't regret my delayed entry into gold because I now UNDERSTAND that when it comes to the devaluation of our currency and the resulting increase in the price of gold, "we ain't seen nothing yet". So, even if the price of gold is $1,500 or $2,000 per ounce by the time that you read this, buy it anyway because that price is still only the beginning. I am not saying that you are going to profit by owning gold (although you probably will), I am saying this because your dollars MUST continue to decrease in value. If this sounds confusing, don't worry. After you read the book you will completely understand what I am saying. One last thing. This is NOT one of those doomsday books. It is an intelligent, logical presentation of facts which gives YOU the knowledge and tools to come to your own conclusions EVEN when the financial forces that drive the economy change and require a different investment strategy. Once you understand this, you will not need someone else to tell you what to do, you will be able to decide for yourself the best course of action because you will understand what CAUSES things to happen in the economy. It has never been so true that "knowledge is power".

In 1976, I was curious about what money really was. I started reading Harry Browne's books and began to understand. Currency or paper dollars which we are forced to use in America are NOT money. That was my first fundamental lesson in economics. I was able to see the difference to a great degree after studying the economics works of the late Harry Browne. Recently, I brought Michael Maloney's book, "Guide to Investing in Gold and Silver", and I was astonished at how clearly and comprehensively Mr. Maloney explained these subjects of the difference between money and paper currency. I didn't think anyone could explain it more clearly and correctly than Harry Browne. But Michael Maloney has done so! For anyone who is honestly seeking the real truth, and/or realizes (and can admit to themselves that) they are confused about the difference between currency and money this is the book to study. And this is the first thing you must understand before you can study economics, finance or monetary history and truly comprehend those important subjects. Read this book. Read it again. Read it ten times, but "get" it. "Get" what is being said in this book. It is the truth. This is the whole truth, plainly and simply stated. It is the whole truth which the two-faced politicians and their conniving cronies at the Federal Reserve Bank and in US Treasury Department are willfully and premediatedly hiding from us. If you still don't understand, read Michael Maloney's book "Guide to Investing in Gold and Silver", until you do... But "get" the ideas and concepts being explained in this book. Thank you, Michael Maloney. I am certain Harry Browne would be proud of your fine work on this vital, crucial, incredibly important subject. "Ye shall know the truth, the truth will set you free!"

I recently bought and read both this book by Michael Maloney (MM) along with Buy Gold and Silver Safely by Doug Eberhardt (DE). Both are informative and worth their respective prices, but if you are only going to buy a single book on the subject, I would recommend MM's book (which I am now reading through for the 2nd time). Yet I liked DE's approach as he explains that he used to be a financial advisor but quit the industry due to ethical concerns (and if you know the history of the financial industry, you may conclude that a modicum of integrity therein is a thing of value. By the way if you don't know the history you should read Liar's Poker or similar eye-opening books by Wall Street insiders.) Having said that, I should also point out that both DE and MM own companies that buy and sell gold and silver, so perhaps they are not totally objective on the subject. Nevertheless they make a good case for owning the metals in the face of the current precarious global economic environment that strongly suggests an impending, unprecedented world-wide financial crisis. (And there are many other books worth reading on that subject if you haven't already. Ignorance is not bliss, it just makes you poorer.) Insights from MM's book that were particularly valuable including: thinking in terms of value rather than price, "silent crashes" in the stock market (including currently), a better understanding of the effects of inflation on investments, and some good historical information to put things in context. IMO, DE could have left out much of his political commentary and stuck to his subject. (By the way, on a related note, MM has a series of videos on the topic which are worth viewing--check YouTube.)

This is the book you buy for a loved one, a good friend, or a neighbor that does not have a clue, and then you bribe them to read it if you have to, but make sure they read it. This is the first book to read to open your eyes to what is going on, then you can move on to more serious reading if you want. Everyone has to learn to read by starting with the simple "Look Jane, see Spot run" type of books, so that you learn enough words to move on to more serious reading. I've read more than a dozen books on the subject and many newsletters and blogs since this book first woke me up 5 or 6 years ago, and it is still by far my favorite, and the first thing I recommend for anyone to read that is not already well versed in the subjects of money vs. fiat currency, real value, the history of precious metals, the history of The Fed, and what ALWAYS happens, over and over throughout history, to all economies when they stray from real money. I've read it 3 times, the 2nd time was 6 months after the first, and the 3rd time was 2 years later. Even though it is written in plain, simple, easy to understand language, each time I reread it I have found that I understood some parts on a different level because I had learned more on my own before coming back to it. It's been 3 years since my last reading so I probably need to read it again. I would give it 6 stars if I could. One caveat: After having your eyes opened by this book, be very wary of all the charlatans in this field, because there are a lot. If you can just hold on to the basic truths that Maloney imparts, and understand that no one knows when the bottom will fall out or how bad it will be, (anyone predicting a certain time is just after your money), and prepare with that in mind, you will stand a better chance of being okay.

For all the newbies, Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future is for you. It is an extremely easy, quick, and fascinating read that will explain to you how to protect your wealth and get positioned for the upcoming dollar destruction. You will be amazed at how much value your money has already lost see my article Gold vs Dollar, What a Knock Out! While there is still time to protect the wealth you have left, I highly urge you to get this book and read it thoroughly. This was actually the first book I read on investing in gold and silver and is one of my favorite investment books. Being a big fan of the Rich Dad book series in general, I thought I would give it a try. My only regret is I did not read it sooner! The author, Mike Maloney does a great job at walking through interesting historical events of many governments throughout history that started with honest money systems based on gold and silver. Then due to increasing government corruption, they moved their currencies away from gold & silver to eventually just printing currency! Which is the point that the United States has come to. Mike shows you the playbook these earlier governments used and proved to be a disaster for their countries and people by eroding the value of their currencies until they were worth nothing. The US seems to be running the exact same plays as many of the others and will leave its citizens out to dry when they wake up one morning and find that the US dollar has been devalued by 50-90% overnight like some recent countries or over a few years. Don't delay in getting this book. Protect yourself and your love ones now. For more info, please see [...].

At the tender age of 24, I got my first full-time job. I developed a passion for coin collecting. I brought 8 silver coins (eagles, kookaburras, Britannias, and maple leafs). At the time in 2004/2005, silver was around $14 per ounce. Gold was around $800 per ounce. My interest in coins diminished over the years until recently. Then I started researching precious metals and their roles in times of economic uncertainty. Much to my shock, the price of gold/silver had almost doubled in 6-7 years time. As I now write this, gold is a whooping $1500/ounce while silver is $38/ounce! After reading this book, and many others on the same topic, expect the price of gold and silver to soar rather quickly. With news coming, with increasing frequency, about the losing value of the dollar and European countries teetering on the verge of economic collapse (Greece and Ireland are holding on to dear life to avoid defaulting on their loans), yet another bubble about to pop in the US (student loans), I can honestly say Michael's book is on point. The book does give a very excellent case point as to why gold and silver always win in the end (100% failure rate of fiat currency use throughout history). Throughout the book and near the end, Michael Maloney gives a strategy on how to invest in precious metals and he somewhat walks one through on how to invest wisely when it comes to popping economic bubbles and wealth transfers (the analogy of the pendulum is excellent). Overall, "Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future", to me at least, is a potent weapon in protecting your assets from destructive economic practices of governments.

I'm a Rich Dad / Kiyosaki fan but I'm also very realistic This book as described in the title of my review is one where the author attempts to write a good book that ends up turning out so-so. He attempts ti give great information which is conceptually so-so as well, and slips in an occasional sales pitch for other Rich Dad books and his gold/silver business. Rather than use his site which is <...>, I use <...> because GoldSilver is slightly more expensive Mike Maloney will talk about how fundamentals will ALWAYS win, which isn't true... At least in a timely manner. If fundamentals always trumped technical, then people who bought gold and silver in the early 70's will only just now be getting a positive ROI at all..... Fundamental advice can and will beat everything over the span of hundreds of years, but Technical investment strategies consistently beat short term gains by responding to change much faster. Rather than say buying silver in 1913 and watch it "devalue" to $4 in 1993 and amazingly continue to skyrocket into 2013. But by then you're dead anyways and your family thinks of you as the crazy coin collector. My greatest walk away piece of advice from this book though which makes the book really worth it (at a used price) is how he uses the value of metals measured in "stuff" rather than USD. Note I quoted "Devalued" in the bottom of the last paragraph. The reason why is because something that appears to be getting devalued against the dollar, will appear to fall in value, and it very well may. But the key here is that the dollar can be falling at a faster pace in how much "stuff" it buys, than the metal does. If you assume a 1.oz $1 silver eagle in 1900 is worth $1 per ounce in both USD money, and silver, and you watch the price to the year 2000 after the removal of the gold standard. You will notice that both the dollar and silver falls in value because the $3 per ounce value neither the USD or the silver buys as much stuff as $1 did back in 1900. $10 in the year 2000 wouldn't buy as much as what $1 did in 1900. But the amazing thing is that while the value of the dollar would be booming (ignoring the .com bust here) and silver would fall, the USD would continue to buy less and less stuff than the same amount of money in silver. Instead of valuing a metal as --- 1.oz = $___. USD You instead value metal as ----- ___.oz = DJI (The Dow Jones Index) Because the DOW is a measure of industrial goods, it is a measure of the costs of "stuff" When you measure the dow against the USD, the USD can rise or fall and the market will follow suit. But when you measure the value of the DOW in metal, like gold, you then see the true performance of how much gold, silver, copper, etc... it takes to maintain your standard of living. If the two comparisons are different enough depending on the market, you will find that the DOW valued in dollars will show a booming economy, but the DOW in metals will show the reality that inflation has on the dollar. And that is it will take more dollars to buy tangible stuff (Food, water, energy, property, doodads) as the USD is inflated, but everyone is hallucinating that the dollar is performing well. Almost as if the USD is a mirage in the desert. And while the metal might fall in value in how much "stuff" it buys, as measured by the DOW, even though the price in dollars may skyrocket, it will still be doing much better than the dollar. Basically I like to say if I kick you out of a -metal- aircraft with nothing but a backpack full of paper, as you watch the plane become smaller and smaller, it will appear as I'm taking off into space. When in fact it is you who is falling to the ground. In the short term you can make or lose money in metals. But if you want to create a philosophy for your entire family to follow for generations, get them on metal. Even if it tanks in value it will still perform better and buy more 'stuff' than dollars. And when all is said and done, he who has the gold, makes the the rules, you can die in peace knowing that sooner or later your family will be one of the wealthiest. Because no paper or digital fiat money will ever beat the value of tangible metals indefinitely. If the value of the metal in the 1900 Silver Dollar becomes more valuable than the coin (USD) it is printed as, and over the course of a hundred years is removed from the USD and replaced with nickle, zink, copper (which is now also becoming more valuable than the penny it represents)etc.... What does that tell you? It tells you that the USD is toxic, not sustainable, and is on a continual track of devaluing. Why would you save your money in a bank account, saving paper dollars and debased metal coins for your entire life, when even if both the USD and metals go down in value, the metals will still have twice as much value as the USD because it will buy twice as much stuff.... A 1 ounce $1 coin at the greatest value of the dollar ever, and at the lowest value of the metal in history was still worth half as much as the value. When silver was at its lowest value ever of $2.oz, and the dollar was at its highest value ever, over the course of 90 years, silver was still worth twice as much as the dollar even though they were once equals. Never, ever, save your wealth in something that can be reproduced from nothing. Only tangible property holds tangible value. Even better than metals is land. Because land over the course of entire family generations (especially farm land) almost never falls in value. And if you own land, you own the metals, gas, oil, and other resources under it.

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.

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.

Mike Maloney knows the precious metal market thoroughly. He's been educating about gold and silver quite a long time. He has a series about how money works which is terrific. Gold and silver, not fiat currency are money. Buy the book and you will understand all about why things cost more over time as paper currency goes down in value. He explains historical societie's strength with real money and sure fall without it.