Transcription
Mike MaloneyGuide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
If you purchase this book without a cover you should be aware that this book may havebeen stolen property and reported as “unsold and destroyed” to the publisher. In such caseneither the author nor the publisher has received any payment for this “stripped book.”This publication is designed to provide competent and reliable information regarding thesubject matter covered. However, it is sold with the understanding that the author andpublisher are not engaged in rendering legal, financial, or other professional advice. Lawsand practices often vary from state to state and country to country and if legal or otherexpert assistance is required, the services of a professional should be sought. The authorand publisher specifically disclaim any liability that is incurred from the use or applicationof the contents of this book.Copyright 2015 by Wealth Cycles, LLC. All rights reserved. Except as permitted underthe U.S. Copyright Act of 1976, no part of this publication may be reproduced, distributed,or transmitted in any form or by any means or stored in a database or retrieval system,without the prior written permission of the publisher.Published by RDA Press. Wealth Cycles, LLC is an imprint of RDA PressRDA Press LLC15170 N. Hayden RoadScottsdale, Arizona 85260480-998-5400Visit our website: RDAPRESS.COMPrinted in the United States of AmericaFirst Edition: May 2015ISBN: 978-1-937832-74-205/2015Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
This publication is designed to provide general informationregarding the subject matter covered. However, laws andpractices often vary from state to state and are subject to change.Because each factual situation is different, specific advice shouldbe tailored to the particular circumstances. For this reason, thereader is advised to consult with his or her own advisor regardingthat individual’s specific situation.The author has taken reasonable precautions in the preparationof this book and believes the facts presented in the book areaccurate as of the date it was written. However, neither theauthor nor the publisher assume any responsibility for any errorsor omissions. The author and publisher specifically disclaim anyliability resulting from the use or application of the informationcontained in this book, and the information is not intended toserve as legal advice related to individual situations.Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
For my fatherJerry Maloney1923-1986who instilled in me, the entrepreneurial spirit.And for my motherMae Maloneywho is always supportive of my dreams.ToRobert & Kim KiyosakiThank you for giving me the opportunity to write this book.ToBrent Harmes and Dan RubockThank you Brent for being my businesses partner.Thank you Dan for your brilliant productions.And thank you both for being my best friends.Life without you would not be as good.Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
If you intend purchasing precious metals before finishing this book;please skip to Part 4, How to Invest in Precious Metals.Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
ContentsMessage from Mike MaloneyForewordxiby Robert KiyosakixvPrefacexixIntroductionxxiPart One: YesterdayChapter OneThe Battle of the Ages3Chapter TwoThe Wealth of Nations11Chapter ThreeOld Glory21Chapter FourGreed, War, and the Dollar’s Demise31Chapter FiveFrom Deep in the Woods the GoldenBull Came Charging43Booms and Crashes55Chapter SixPart Two: TodayChapter SevenWhat’s the Value?63Chapter EightThe Dark Cloud83Chapter NineThe Perfect Economic Storm109Chapter TenComing in from the Cold . . . to Gold!129Chapter ElevenThe Silver Lining137Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
Part Three: TomorrowChapter TwelveThe Pendulum157Chapter ThirteenGolden Castles169Part Four: How to Invest in Precious MetalsChapter FourteenBeware the Pitfalls173Chapter FifteenWho Are You, and What’s Your Plan?199Chapter SixteenLet’s Get Physical207Chapter SeventeenEverything Is Illuminated in theLight of the Past219Resources231About the Author233Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
March 2015 Update:A Message from Mike MaloneyMy greatest wish for you is that this book changes your life by changing youroutlook, and in turn brings you prosperity in the tough times ahead.Many of the predictions I made in this book have already come to pass.The stock market crash of 2008, the bursting of the real estate bubble, thetsunami of foreclosures, Mortgage Backed Securities causing the financialcrisis to be transmitted around the world instantly, and Ben Bernanke’soverreaction to the threat of deflation with massive currency creation. And Ibelieve it’s only a matter of time before the rest of my predictions come true.For this printing I have chosen to leave the original contents of thisbook pretty much untouched. I have, however, added notations marked“2015 Update” here and there. Even though this book was originallypublished just before the global economic crisis of 2008, it is even morepertinent today, because nothing has been fixed. In fact, all the underlyingfundamentals that caused the meltdown of 08 have only been magnifiedby the actions of the world’s central banks. The bailouts, currency creation,market manipulation, derivatives expansion, and growth of the “too bigto fail” banks only guarantee that the next crisis will be of a far greatermagnitude.As I have said many times before, “This is the greatest wealth transferin history, therefore it’s the greatest opportunity in history.” Yes, the threathas never been bigger, but that means that the opportunity has neverbeen bigger. The forces that threaten the world monetary system are thesame forces that will propel gold and silver to unimaginable heights. Thegood news is that by buying this book you have demonstrated the intentto turn these forces to your advantage and transform this crisis into yourxiGuide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
opportunity. As my video producer/media director, Dan Rubock, fromAustralia says “Good on you mate.”This book was originally published as part of Robert Kiyosaki’s RichDad’s Advisor series of books, and quickly became the best selling book onprecious metals investing of this century, and perhaps all time. Translatedinto eleven languages and available worldwide, it is the result of six yearsof research and 2-1/2 years of writing. It is the culmination of two books,which were distilled, condensed, and edited down to one, losing 23 chaptersand over 1000 pages in the process. If you enjoy this book and want to learnmore please visit my educational website, WealthCycles.com, where youcan find many of the missing chapters.When you read the book or visit my website you will see that I am acycles-investor (you’ll learn more about that later in the book) and I believethat we are in the portion of the economic cycle where gold and silverwill prove to be some of the best performing assets of our time, so the vastmajority of my personal wealth is invested in precious metals. In 2002 Idiscovered that gold was severely undervalued and started buying shortlyafter it broke the 300 barrier. By April of the following year I discoveredhow undervalued silver was compared to gold and started buying silver whileit was still under 5, and I have been buying ever since. In 2005 I started anonline precious metals dealership, GoldSilver.com, and in 2008 publishedthis book. I believe in these economic waves and cycles so strongly that Iwrapped my entire life around them, and thus have bet my financial futureon them. But my point is that, yes, I am a precious metals dealer, but I was aprecious metals investor first.The big question that is not answered in this book is when to sell.In chapter 7 you’ll learn the difference between price (how many dollarssomething is worth) and value (how much other stuff something is worth).My strategy for determining when to sell is based on measuring gold andsilver’s value, for more than a century, against real estate, stocks, bonds, oiland a whole host of other investment classes. One day gold and silver willgo into a bubble and I want to make sure I ride this bull market all the wayxiiGuide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
to the top. At my educational website, WealthCycles.com, you can learnhow to measure this for yourself. Or, if you prefer, you can sign up for my‘Insiders’ program where we’ll do it for you. You’ll also learn my exit strategyand which asset class I will be investing in when I sell my metals.If you are going to invest in Gold and Silver before finishing thisbook, please skip to “Part 4, How to Invest in Precious Metals” and readchapters 14, Beware the Pitfalls, 15, Who Are You and What’s Your Plan?,and 16, Let’s Get Physical, before you take any action. There are lots ofscams out there and the reason you bought this book is to make sure youprosper and don’t get hurt.If you are going to use an online dealer, we at GoldSilver.com wouldbe honored if you would give us the opportunity to be of service to you.I’m proud to say that my business has grown to be one of the largestand most reputable dealers in our industry. You can visit our website atGoldSilver.com or call us at: 1-888-319-8166.xiiiGuide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
Guide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
Forewordby Robert KiyosakiI’ve known Mike Maloney for some time now. One thing I always hearpeople say about Mike is, “That guy is really smart.” The reason they say thisis because Mike knows a lot of facts—and I mean a lot of facts!Plenty of people know facts. What sets Mike apart from the pack is hisuncanny ability to connect the dots. Mike isn’t just a smart person. He is avisionary who can take a large amount of information and find usable andimportant patterns.The book you have in your hands covers a lot of history. Specifically itcovers the history of money, or as Mike would remind us, the history ofmoney and currency, which are two entirely different things. In its pages youwill discover how the interaction between money and currency has steeredempires throughout time. And yes, it even steers the great American empiretoday. You will also see how that steering affects you and your financial wellbeing, and you will learn how to use it to your advantage.But Mike isn’t just a historian. He’s an expert. Specifically, he’s an experton gold and silver. Mike’s focus on history has a very important reasoningbehind it—to make you wealthy.Mike sees the same thing I’ve been seeing for quite some time now:Capitalism in America is sick, on life support, and close to dead. Ourproblem is a toxic dollar that undermines our economic vitality.While I’m thrilled to see the gold I purchased for 300 only a few yearsback now worth so much more, I’m also saddened.xvGuide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
You might be thinking I’m crazy to say such a thing. How could realizingsuch substantial returns on my money possibly disappoint me? But it’sbecause I understand that when gold and silver prices rise like they currentlyare, it means that capitalism is stumbling. And when capitalism stumbles,everyday, hardworking people lose. They lose their life savings. Their houseis foreclosed on. They watch their 401(k) loaded with stocks and mutualfunds wither away to nothing. Meanwhile, the government bails out bigcorporations.Not only that, but rising gold and silver prices also signal a rise ininflation, something Mike covers expertly and in great detail in this book.What that means for you and me is that the price of a gallon of milk keepsgoing up and up. It means gas prices will continue to rise. It means the basicthings we need for existence get more expensive while our purchasing powerdiminishes. It means we are poorer every day.For these reasons, I pray that gold doesn’t reach 5,000 an ounce. Rather,I hope that the dollar goes off life support and finds a way to get back onits feet again, and I dream of a day when our government officials are onceagain part of a system that is of the people, for the people, and by the people,not as Mike puts it so succinctly, “Of the bankers, for the bankers, and bythe bankers.”But once you’ve read this book, you’ll know as well as I that thingsprobably won’t work out that way. And this is why Mike’s work here is soimportant. He has made it his mission to educate as many people as possibleabout what he coins “The greatest wealth transfer in history.” In this bookyou will learn about not just how to invest in gold and silver, but also whyit is imperative for your financial well-being that you do so, and that you doso nowIn many of my books I write about the importance of understandingtoday’s economy. It is not money that makes you wealthy, rather it is goodinformation and a well-developed financial IQ. Lots of people are smart,but few have a good financial IQ.xviGuide To Investing in Gold & Silver is also available as a Paperback, Audiobook, or Kindle eBook
But Mike has a tremendous financial IQ. You would do very well toheed his words and his warnings about the coming economic storm andthe wealth transfer it will confer on those who have taken the time to moortheir financial well-being to the rocks of
This book was originally published as part of Robert Kiyosaki’s Rich Dad’s Advisor series of books, and quickly became the best selling book on precious metals investing of this century, and perhaps all time. Translated into eleven languages and available worldwide, it is the result of six years of research and 2-1/2 years of writing. It is the culmination of two books, which were .
