@stormspottter To each their own on that one. If you decide to stack with pre-1964 silver coins, you'd have an investment of roughly .90-.95 in silver per coin. You can invest in the bullion bars/rounds/pure .995-.999 silver coins like the Canadian Maple Leafs. Some would argue that pure silver investment is better, but that really doesn't matter if what you're investing in is SILVER. And will their be more potential buyers on your behalf if you plan to sell? It's balanced.
There arent enough people who get this stuff. I try talking to people about silver and they just don't get it. Why is everybody so stupid. Shut the damn tvs off and start thinking for yourselves people!!!
When the crash happens I say we all consider gold nothing more than a metal. Let’s all consider gold worthless! I say we all go back to true zero. Don't let the rich hide behind gold and silver- metals that in reality are worthless. When the crash happens, a certain people will think they are in power just because they have a shiny metal called gold- tell them the stuff is worthless. The people with gold ARE the problem.
"What if they find a huge silver supply somewhere?" Well silver is not that easy to extract. If a mining company can extract 100 ounces per day and it costs $10 000 each day in labour, fuel, lease payments etc.. at $30 oz no mining company in the world will get it out of the ground. What happens when the dollar inflates some more more? Labourers will require more money to live off of, it will take more dollars to buy fuel, and land owners will want more dollars. Silver will always go up longterm
I like the video,.but I don't like sensational lines such as "Silver could become more valuable than gold." I can not see that happening. There are many abandoned silver mines which could be reopened. There are always new silver deposit discoveries. If it is not mined much these days it is because right now the price is too low for a profitable mine. Yes silver WILL go up,..JP Morgan can only manipulate it for so long. But don't expect it to go above gold. Never in history has that happened.
@cloudskipper40 It happened in ancient Egypt. There is a logical case for it possibly occurring again. Saying it 'could' is not sensationalist. If you watch our video 'Debt Collapse', you'll see Mike expand on the concept and adding 'if it did happen it wouldn't last long'. It is a plausible scenario, not a sensational line. Thanks.
@whygoldandsilver Thanks for that. Just FYI, I am a silver bug,..I would dance if silver rose above the current gold price. I was not aware of Egypt. I guess I am being cautious. Silver is produced as a by-product of many things,..it even comes out of raw gold during refining. Check out Klondike Silver KS on the TSX. Many silver mines down due to lack of profitability. If silver rose to only $50 p/o those mines would reopen in a heart beat and produce a million ounces.
@cloudskipper40 also to refine gold you need silver through a process called in-quarting, pure gold is too soft so silver is used to help mound and cast it, when there's no silver there is no other metal that can do this affectively, maybe zinc but it's melt point is so off from gold that it would be v hard. i'm a silver bug too..
@cloudskipper40 Anyway, its not matter of how big is silver source because oppening new mine take few years so if people see that they cant afford gold they will charge for silver and then silver can go up to incredible stupid prices
Actually seeing silver going over the 1:1 ratio would be the rational thing to expect. Problem is the markets are far from rational, which has to do with many things but mostly the artificial over-leveraging.
Now with silver one is manipulating a monetary asset that's also a commodity. With gold one is manipulating a monetary asset already held by "strong hands" mostly CBs and other vampires. Remember Dorothy's silver slippers navigating the "yellow road".
Time mark: 0:28:00 Mike says that in 1980 there was about 3 months when price of gold could have covered the base money and revolving credit. He assumes that the gold in vaults belonged to the country, but it doesn't. It sits in vaults that the taxpayers pay for. And they pay for the guards. But the gold belongs to the banksters. That's why they would never allow to audit the gold.
Time mark: 0:24:32 “We had to abandon Bretton Woods because the US Vaults were basically cleaned out.” This phrase clearly indicates that Mike doesn't get it. The US vaults were cleaned out long time prior to that moment. The only reason they ended Bretton Woods is because the gold that already belonged to the banksters was cleaned out and the banksters were not ready to part with it. They don't give a damn about the US vaults.
Just graduated architecture school last year, wish I would have known about this sooner. This kind of stuff is the LAST thing they would ever teach you in school. I have friends that have MBA's that know jack about this kind of stuff
@nametko As a college instructor, I teach this. I teach the myths, lies, mistruths, and multiple matrices we live in: education, finance, food, drug, and health agencies, and so much more.
If you like gold and silver coins you must join Isn Coins Its Free to Join - See My Channel - Its The Best Silver/Gold Mlm Home Business in the World!
@001MeTaBoLiC100 By the end of every year (or the beginning) there is traditionally a decline in precious metals prices because people sell off. Then also traditionally the price goes up. In 2012 it may go up a lot...
Interestingly, in ancient Rome the value ratio was set at 12-12.5 to 1. In the US, in 1792, it was set to 15:1 (apparently there was a lot of silver from So. American conquistadors, whether that accounts for all the change I don't know) and 15.5:1 in France in 1803.
i guess india will be a great place after the metals peak. they have more potential to grow and the indians own a lot of gold because they re "jewlery addicts". This means they will have an advantage because the increase of purchaising power will boost their economy
I was luck enough to have spent some time with these guys in NZ. Although I had already been in the precious metals market, they gave me some reassurance that perhaps I was heading in the right direction. Yes maybe silver is apparently on a slight downward direction, the ratio to gold is 54/1. Just 3 years ago it was 70/1 so in comparison is still solid. The cynics say its going down and they are those not in for the long haul. Hold tight and watch it move again as the U.S prints more cash.
@ghoststealer87ify I feel you brother. I will be a junior coming this fall, and I have learned more from youtube, and reading books than I have in school. Most of the things we are thought in school are lies. I believe this is the reason they want to shut down the internet. The elites are thinking OH MY GOD WE CAN'T ALLOW THE SHEEPLE TO WAKE UP!!!
@ghoststealer87ify exactly right! this is the problem with fucking education, we get ourselves into tens of thousands of debt and come out with no clue and, right now, no job opportunities. Our education could be learned through the internet, on the job, straight out of univeristy. It would done in our own time and wouldn't cost us or the economy a penny. And by the end of it we'd be far better equipped to start businesses and create wealth than through the current system.
When you understand the rules of the game; then you know the game you're playing. Get real financial education, otherwise you're going to lose your shirt holding paper currency!
Now, I'm an Aussie, and thanks to guys like Mr Maloney, I own PSilver. So, thanks... But just started watching this, and you showed a couple USA dollar bills, and said "... a couple o'dead guys on em." Dude, i'm not screaming here, but one of those guys was George Washington. If it would be possible, his soul would be by you right now in support of what you are trying to do for people. He hated the banks just like you, and fought for good (prob shot them by now) Please show some respect. Thanks.
@WAKEUPNOWDAMMIT Oh, pardon me, and of course the other "dead guy" was Abe Lincoln... Some speculate he was killed for his opposition to the bankers and his largely successful "greenback" (nondebt based, government issued fiat currency)... most of this i wouldnt have learned without direction from people like you, dont think you were trying to be disrespectful, but please watch out for it. A "couple dead guys" is a bit wrong for those two great men. Thanks guys. Kepp up the GW. Bye. I mean buy!
Damn greed. Very intellectual this game, they aren't greedy for paper dollars. They are for possessions and property. The paper dollars is they're weapon.
My plan was to sell this morning at 1640, and trade for platinum witch was already in the 1400, showing where gold is to end up price wise.
(note to others, yes its going down now, but it'll come back up, and if not, means we are going into deflation, witch still means that it holds it's value, but in this game, we need inflation otherwise the banker wins.)
So far. I still think cash is trash. But in terms of trade. I've LOST VALUE! If I had of bought real estate. I would not be worrying about this bullshit...
For some reason. I think lots of foreclosures are about to take a mass sweep. Banker 1, us 0.
WOW! I wish I had more money to buy... I was expecting this change. I was supposed to sell this morning to take advantage of it. But im not sure how much further down its going to go
@HornetUK1 I can't speak for Mike, but there is still less investment silver out there than there is gold, and considering that gold and silver have a historic relationship the ratio should close no matter what happens. I also consider the frantic rate at which silver is being consumed by industry. So, even if we stay on a paper standard, I really don't see any scenario where silver is not a great investment.
dont blame Americans for trusting a system and leaders to do the right thing. everyone bought into it at one time or another. Thats how infiltration starts, to build trust. We have been bombarded on so many fronts that it divided the peoples power to move in one direction. Yes it is too late but those in Christ JESUS will have the final victory. even satan is under the authority of Almighty GOD. and CHRIST JESUS. you are already condemned by your sinful nature before GOD, JESUS came to save you.
Just joined. Great insights and info. With the movie being 2008/9 whats the situation now? The crash of 2008 wiped me out financially so where is the best place to go and how much silver should be invested now? I am in UK, Thanks
another question..gold and silver seem to fall in price in the evening, business closes at 5 pm so you can only buy it at that closing price (whatever it was at 5 pm). By the time it opens in the morning its prob gone up again.. am i just looking on the wrong website? i wanna be able to buy in the evening if prices are lower at a live price..uk
Please ccould somebody educate me? i was looking to buy small amount of gold and came across a bar that was marked Rothschild..i didn't know they sold gold publicly..how is gold manipulated and by who?
i really respect Mike Maloney's Education and Robert Kiyosaki's Business Acumen, but Robert is wrong about the Cash is Trash concept. Cash can buy 7 Xs more real estate in the Phoenix MSA. Gold and Silver have been better; however, they are tracking the US stock market more than before. US dollar denominated debt is Trash, but as of yet, Cash is more valuable than most so stop it with the multi-level marketing techniques please.
1:10:56 to 1:11:16 I dont get it.... When the dollar goes down and eventually destroys itself, wouldn't gold and silver once again be a long-run form of public exchange or what will affect the gold and silver price to where it's no longer a good investment? Is it the time when they renew the monetary system?
When you HAVE phzz. HOW...do you unload it...quickly ...your dealer? No, they won't want it. Panic buyers with their hair on fire? Gold and silver take the stairs up, they take the elevator down. Guys like yourself can flood the buyer markets.
What, now your want to talk about Central Banks...what about ETF? They are bought and sold quickly.
@LLMorse1 Exchanges are always buying and selling, no matter what the price. They make a small bid/ask spread, plus whatever they can charge over spot and overcharge for shipment.
I put my money into silver and silver-indexed funds a few years ago. Now it's shot up. I sold my silver-indexed funds and paid off my house. And I kept my physical silver. And I think there are even greater opportunities to come. I'm totally behind this philosophy.
hahaha 2008 me and my brother went to the bank got our money and bought silver. we re both up 100%. we re both absolutly sure to see 100 dollars an ounce soon. the party isnt over, want to join the save haven?
I'm Israeli. From our tradition (Mizrachi Jewish) every family always try to stock up on their own gold, and to store underground. The reason is because it can be used in every country for money. So when the government (which often happen in the Arab world) try to steal your money and rob you. It's the best insurance policy against the government from robbing you, you can survive. Diamond and sapphire and other commodity like that can also be used this way, and even easier to transport.
When gold and silver catches up and revalues itself with the paper dollars, how long would this spike last in terms of days? ie when it moves and the opportunity presents itself to sell your gold and silver would this period be a matter of days or weeks ? Thanks, great vid.
And if shit fails, thats why I want gold, because I'm thinking in terms of TRADE, not making money. Just keeping value.
If the paper dollar dies, and has to be replaced. I'd much rather be thinking in respects to trade. Land would be a good one, if I had enough to buy land, at the current time, I do not.
In my view, they are either ill-informed, twisting information & do not know how to use statistcal analysis correctly. Their understanding of money, the gold, standard, economics and the use of silver in modern technology (it is now gallium and graphene not silver) is poor.
I would love to see some charts for how silver prices pre and post-1971 accounts for increases in the money supply as well Mr. Maloney. I think those would be very educational, at least in understanding the dynamics of gold/silver relationship to currency and the performance we can expect from those two commodities.
I understand why gold ended up accounting for increases in the currency supply pre-1971 since the currency's value was based upon gold; but we live in a post-1971 world where the US currency is decoupled from gold, so how can we be so sure that gold will eventually cover the entire US currency supply given that gold no longer backs any currencies in the world and for the most part, is not viewed as money anymore? Full disclosure: I am a gold buyer, this is just one of my doubts.
If it turns out that you are correct and gold/silver goes through the roof as i hope it does will you also do videos on the next step, ie transfering the wealth from gold/silver in to the next wealth cycle ie buying houses or shares with the profits. You should think about it ! Great work guys.
GOLD is worth NO MORE then its weight in PAPER, unless it directly improves life on this planet.
Both are products of the monetary system which is intrinsically flawed. Vote for Ron Paul, but do not expect it to fundamentally fix anything in the long run. Fighting eachother over gold for power over others will fix nothing.
Why I support a 'Resource Based Economy':: watch?v=77XQcdE2bRs
An Intro. to a Resource-Based Economy:: watch?v=4mkRFCtl2MI
@spawn2882 I agree metals are resources.. but If gold, platinum, paper and plastic are not used in science to benefit life on this planet globally then there worth will fall when man falls and history will repeat itself. How Much dirt must we eat to understand the insanity we have created.
How much gold equates to one human life? That is how it systematically works today.
The problem is the viral idea not to question the system (Money, aka our God). Its not a bank, but what a bank comes from.
@zezba9000 Their worth will fall huh? Then why were they so valuable before legitimate scientific uses were even discovered? Gold and silver have retained their value for over 5,000 years; their value has survived every economic collapse in human history. Who are you to say their worth would fall? Banks can operate in harmony with the people they serve... if indeed they serve the people, and not themselves.
What amount of Gold is worth one human life? The amount of work you can enslave them for? So please, could you define "value". =I spoke of value in terms of buying power, specifically relating it to the dollar
Must I be God, a King or President to speak against what I see as intrinsically flawed? Rank or Class has nothing to do with this.=Uhm no, I was implicitly asking for evidence of your claim
@ludogogo " I was implicitly asking for evidence of your claim"
-- Evidence that may suggest a possible fact can only be done though repeatability correct? So to support the claim I would like to emphasize (that the monetary system will not work in the next 100 years) I will point you to something that is already documented and repeatable "History". Although I disagree with history always repeating I will say that it is the monetary system used in history that has proven itself to not work.
@ludogogo ..... P.S and when I say the monetary system not working, I mean not working in the best interest of life on this planet (its resources, creatures, standard of living and ecosystem) for the 21st century.
- Ask yourself this question. Does monetary interest define positive human evolution? = no, which is why I clearly differentiated between banks serving themselves and serving the people
In short; you missed my point, you missed my point, you missed my point and you missed my point.
-- Yes but out of contextual misunderstanding I think. There worth is only what we give them, thus it is only worth what we value ourselves at, for money is worth nothing outside the perception of man. Our current perception of value will fall / evolve.
"buying power"
- Power is attained though authority in the system. In our system, whoever has the most money has the most power. This is one of the root causes that produces a bad environment we derive from.
@ludogogo 2) Banks do serve us and themselves, they give you loans, help you buy cars and houses, but banks derive from and are products of a system. That system served a time for a particular technical lvl. But now its outdated. When all "showvle ready" jobs are taken over by automation, the monetary system will starve out the lower classes and the system will fall.
@ludogogo 3) Money produces classicism. Its basically racism , you are born into a class and have less rights then others because of it. Basically you have to have money to be free. Different ruls apply to different classes.
The surprising truth about what motivates us:: watch?v=u6XAPnuFjJc
Why I support a 'Resource Based Economy':: watch?v=77XQcdE2bRs
Peter Joseph:: watch?v=TX1N3opw5eI
An Intro. to a Resource-Based Economy:: watch?v=4mkRFCtl2MI
The vertical asymptote on the exponential graph representing the national debt is nothing but scary. I'm 16 and trying to convince my parents to protect their assets, but they won't listen- even I've been working my backside off working during the school holidays to buy into gold and silver bullion. Currently have the equivalent of 5 sovereigns and a half and 7 ounces of silver. How can I convince them?
That brings up one of my main concerns, if gold's value is conventional only in that we collectively agree that this object has value and can be used for exchange - just like paper - then what would happen if certain powers would try to choose an alternative metal or other item as the new measure of value, like platinum or palladium or anything else that fulfills the criteria of currency?
The powers in control horde gold. It would not be in their interest to switch to platinum of palladium as the generic standard form of criteria. Also, gold and silver are traditional not only in history, but psychology. Gold is gold, people will always recognize it as something of true value.
Gold has CONVENTIONAL value, it has been used as a measure of value for millenia, that is why we value it, not because it has any intrinsic value over paper. Paper is just a thin piece of tree bark and gold is just a shiny yellow rock, no intrinsic value there. If the conventional measure of value was platinum instead of gold, then nobody would give a shit about gold and it would be regarded just as worthless as paper. So we need to stop saying gold has "real value," it doesn't.
I'm a silver-gold owner because of my pessimism for the future of economic growth in Europe and America due to various reasons, but also because of the fundamentals of silver and gold which Mike Maloney has taught me. One thing I hate hearing though, is how gold and silver enthusiasts refer to paper as "trash" and gold as having "real/intrinsic value," hence gold is better. Gold has NO intrinsic/utilitarian value except perhaps as a blunt object like a rock just like paper.
@pjbbae yeah, down the line, Mike believes it will become the next big bubble... far away from that today though... you need gold to pass a 1 to 1 ratio vs the DOW before bubble talk can begin... dow/silver ratio of 20 bare minimum as well. Learn the ratios... the price in dying dollars will mean very little when we reach bubble phase.
Thanks so much Mike! I now have confidence that I can come out very well from the Quantitative Avalanche that approaches. This information is worth it's weight in.. silver!
@freeze427 Part 9 of this film will give you all the answers you need. It starts at 1:01:54 All you really need to know is: 'If you can't hold it, you don't own it!'
@whygoldandsilver Ok, so if you buy physical, where do you store it. If you put it in a house safe you could get robbed. If you store it at a bank, what if banks collapses and gets closed or government confiscates it?
In my opinion, and im not an analyst by any means, but I believe that the only way to preserve your wealth i believe the only way to do so is to have physical, because in the end everyone will want delivery of the paper contracts and it wont be there and everyone will lose what they have
@whygoldandsilver I did. Awesome. Read the book early last year and I've made awesome gains since. Been trying to convince my friends and family in the philippines to start investing too.
Mike Maloney + Peter Schiff + Robert Kiyosaki = an awesome financial education.
I knew precious metals were valuable back when I was in high school... I got laughed at becasue it wasent "money" some people just cant understand... this video has made me that much more informed. Thanks for this. I'm going to try to get as much silver as I can.
It really gets me thinking. But what are the everyday items or necessity's that we cannot seem to escape.
What are the things, on this world WORTH working for.
FOOD - WATER - TIMBER - ORES (Metals)....I'm forgetting something here.. Ah yes, OIL! Even though there are other means of making transportation not OIL RELIANT. The day will not be coming any time soon where oil is not needed. Electric cars keep getting stomped on.
What's the intrinsic value to gold/silver? They're precious metals. What are they good for? Jewelry? It's not used to build houses. It's not edible. It only has value because we say it does, just as paper notes. I'm genuinely curious: what is so much better about gold in a global society?
In short, gold and silver are the most practical commodities to use as money, for many reasons: Fungibility, malleability, recognizability, high store of value, etc etc.
Thats what cultures through out history who had never heard of eachother both independently decided to use gold as money.
So no gold doesnt have 'intrinsic value'. Nothing does. Gold has value because it makes a good medium of exchange. That is all.
cultures throughout history did this because it was the best option at the time. they couldn't use paper money even if they wanted to due to limitations in technologies. id also like to point out that cultures throughout history agreed that the world was flat. that means nothing.
yes, some things have intrinsic value. food has intristic value because it will keep me alive. a house has intristic value because it gives me shelter. gold has no intristic values with the exception of some minor uses in electronics. it is just a shiny rock that is somewhat rare.
@Motive11331 Gold and silver are finite and do not depend on governments, and also have a longer history. Silver, but even gold I think, has high-tech applications... so silver's value will never be zero as long as we live in an electrical age...
I'm actually thinking... Either 85% of my money into silver, 15% in gold, or 15% gold 15% platinum, and 70% silver, or more platinum, then gold even.
I personally think there is a lot less platinum, and it will have uses that even the government will want there hands on in the event of war. Platinum is good for spark-plugs, as it doesn't get spark damage... You know how our car spark plugs get dis-coloured?
But the hype with gold will never die. It's even an addiction for some people.
Silver may also stay suppressed, but I even believe at 40$ an ounce, that's not enough for the labour to get silver.
It's all a mind boggle, and really if they can go through third world countries and get the silver extremely cheap, all the power to them, but how long will that last?
I should have sold at 1900 like I was thinking, and just run out and pick up silver.
I do feel like with the bigger changes the past few weeks, more people then average are paying attention if not participating to the markets. (Even more so, precious metals)
I also have this gut feeling, they may actually re-evaluate.... Maybe something like gold to 1500, and silver to 140-150.... we will see. Gold will still go up, even if it goes down... More people will want to buy, at 1500...
And why invest in gold anyways? There really is to much hype for the metal, considering its many uses.
Platinum has FAR more uses, and is much more rare then gold, we mine less of it each year then we do gold, we've also been mining it for less time. All of the worlds platinum supply could easily fit into a family home!
@ghoststealer87ify lol... its pretty dire that, isnt it!!
mixternugget 2 days ago
I just hope they keep this system going for 3 or so more years then Ill be ready but right now im just starting so atleast i got something right now
aaronmoravek 1 week ago
Can you call dollars also credits?
aaronmoravek 1 week ago
I think that armageddon will come but not so soon as we think, cuz they will do everything to keep all going on.
sideford 1 week ago
would pre 1964 coins and 1965-1969 be good to own or should I just focus on bars and rounds?
stormspottter 1 week ago
@stormspottter To each their own on that one. If you decide to stack with pre-1964 silver coins, you'd have an investment of roughly .90-.95 in silver per coin. You can invest in the bullion bars/rounds/pure .995-.999 silver coins like the Canadian Maple Leafs. Some would argue that pure silver investment is better, but that really doesn't matter if what you're investing in is SILVER. And will their be more potential buyers on your behalf if you plan to sell? It's balanced.
Catastraphecdv 1 week ago
1,406 people will be included in the NEW 1% of rich people across the globe in the near future.
eduvossj 1 week ago 2
There arent enough people who get this stuff. I try talking to people about silver and they just don't get it. Why is everybody so stupid. Shut the damn tvs off and start thinking for yourselves people!!!
Chris39721 2 weeks ago
Been following u for a while now Mike... ur a true visionary!!!
happymatty83 2 weeks ago
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When the crash happens I say we all consider gold nothing more than a metal. Let’s all consider gold worthless! I say we all go back to true zero. Don't let the rich hide behind gold and silver- metals that in reality are worthless. When the crash happens, a certain people will think they are in power just because they have a shiny metal called gold- tell them the stuff is worthless. The people with gold ARE the problem.
Jeffersonwazright 2 weeks ago
"What if they find a huge silver supply somewhere?" Well silver is not that easy to extract. If a mining company can extract 100 ounces per day and it costs $10 000 each day in labour, fuel, lease payments etc.. at $30 oz no mining company in the world will get it out of the ground. What happens when the dollar inflates some more more? Labourers will require more money to live off of, it will take more dollars to buy fuel, and land owners will want more dollars. Silver will always go up longterm
shorfilmman 2 weeks ago
Thanks Mike. You really opened my eyes.
pttike1981 2 weeks ago
I like the video,.but I don't like sensational lines such as "Silver could become more valuable than gold." I can not see that happening. There are many abandoned silver mines which could be reopened. There are always new silver deposit discoveries. If it is not mined much these days it is because right now the price is too low for a profitable mine. Yes silver WILL go up,..JP Morgan can only manipulate it for so long. But don't expect it to go above gold. Never in history has that happened.
cloudskipper40 2 weeks ago
@cloudskipper40 It happened in ancient Egypt. There is a logical case for it possibly occurring again. Saying it 'could' is not sensationalist. If you watch our video 'Debt Collapse', you'll see Mike expand on the concept and adding 'if it did happen it wouldn't last long'. It is a plausible scenario, not a sensational line. Thanks.
whygoldandsilver 2 weeks ago 4
@whygoldandsilver Thanks for that. Just FYI, I am a silver bug,..I would dance if silver rose above the current gold price. I was not aware of Egypt. I guess I am being cautious. Silver is produced as a by-product of many things,..it even comes out of raw gold during refining. Check out Klondike Silver KS on the TSX. Many silver mines down due to lack of profitability. If silver rose to only $50 p/o those mines would reopen in a heart beat and produce a million ounces.
cloudskipper40 2 weeks ago
@cloudskipper40 also to refine gold you need silver through a process called in-quarting, pure gold is too soft so silver is used to help mound and cast it, when there's no silver there is no other metal that can do this affectively, maybe zinc but it's melt point is so off from gold that it would be v hard. i'm a silver bug too..
michael616joaquin 1 week ago
@cloudskipper40 Anyway, its not matter of how big is silver source because oppening new mine take few years so if people see that they cant afford gold they will charge for silver and then silver can go up to incredible stupid prices
sideford 1 week ago
@cloudskipper40
Actually seeing silver going over the 1:1 ratio would be the rational thing to expect. Problem is the markets are far from rational, which has to do with many things but mostly the artificial over-leveraging.
Now with silver one is manipulating a monetary asset that's also a commodity. With gold one is manipulating a monetary asset already held by "strong hands" mostly CBs and other vampires. Remember Dorothy's silver slippers navigating the "yellow road".
ricin3000 4 hours ago
Time mark: 0:28:00 Mike says that in 1980 there was about 3 months when price of gold could have covered the base money and revolving credit. He assumes that the gold in vaults belonged to the country, but it doesn't. It sits in vaults that the taxpayers pay for. And they pay for the guards. But the gold belongs to the banksters. That's why they would never allow to audit the gold.
FreeRussian 3 weeks ago
Time mark: 0:24:32 “We had to abandon Bretton Woods because the US Vaults were basically cleaned out.” This phrase clearly indicates that Mike doesn't get it. The US vaults were cleaned out long time prior to that moment. The only reason they ended Bretton Woods is because the gold that already belonged to the banksters was cleaned out and the banksters were not ready to part with it. They don't give a damn about the US vaults.
FreeRussian 3 weeks ago
How can I take this video seriously when the rich dad guy is on here, he is a huge scam artist.
You know how much dividends you get from physical gold and silver? A: Not one penny!
dPain261 4 weeks ago
Can't wait to see the trillion dollar bill.
shorfilmman 4 weeks ago 11
@shorfilmman Why? It's not inevitable and if it happens, that means America is in a very bad place.
mrrobotica 4 days ago
"Get yourself a safe, as much silver as you can, and a large caliber weapon."
Mogambo Guru FTW!
TheGamblingApocalyps 1 month ago
Badvariance, are you high? Watch the vid
pttike1981 1 month ago
I am interesting in investing in both gold and silver. What are the ETF's for gold/silver? Or is it better to buy bullion?
badvariance 1 month ago
MALONEY DOING THIS INTERVIEW ON HIS YACHT, PRICELESS!
Look at the background!!
kcrone1 1 month ago
EPIC MEALTIME MUSIC!!! MUSCLES GLASSES!
kcrone1 1 month ago
I like what you have to say, but do you really want to associate yourself with Kiyosaki?
bloodowrm 1 month ago in playlist More videos from whygoldandsilver
RON PAUL fan from Estonia :) I have faith to US.
I love americans.
IlveZ20 1 month ago 2
Just graduated architecture school last year, wish I would have known about this sooner. This kind of stuff is the LAST thing they would ever teach you in school. I have friends that have MBA's that know jack about this kind of stuff
nametko 1 month ago
@nametko As a college instructor, I teach this. I teach the myths, lies, mistruths, and multiple matrices we live in: education, finance, food, drug, and health agencies, and so much more.
probrojeffro 1 month ago
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If you like gold and silver coins you must join Isn Coins Its Free to Join - See My Channel - Its The Best Silver/Gold Mlm Home Business in the World!
kashifbashir204 1 month ago
The Chinese centralbank increased it's money supply by 13% in december 2011 alone. Scary.
Elmgren76 1 month ago
Cash is trash! So what's the good news (LOL)? The good news is that we can still use the US dollar to buy real hard assets before it is too late!
MONOPOLY35 1 month ago in playlist Favorite videos
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001MeTaBoLiC100 1 month ago
@001MeTaBoLiC100 By the end of every year (or the beginning) there is traditionally a decline in precious metals prices because people sell off. Then also traditionally the price goes up. In 2012 it may go up a lot...
TWSceptic 1 month ago
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001MeTaBoLiC100 1 month ago
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001MeTaBoLiC100 1 month ago
I Love AKL! Been down there 4 times! I'll move there when my Silver gets to $1k per ounce! ;0)
NZAllBlack2 1 month ago in playlist More videos from whygoldandsilver
Interestingly, in ancient Rome the value ratio was set at 12-12.5 to 1. In the US, in 1792, it was set to 15:1 (apparently there was a lot of silver from So. American conquistadors, whether that accounts for all the change I don't know) and 15.5:1 in France in 1803.
radicalsquare 1 month ago
Cash is trash
pttike1981 2 months ago
this video is a grade silver porn. i am having multiple orgasms watching this^^
Mongodelight 2 months ago
i guess india will be a great place after the metals peak. they have more potential to grow and the indians own a lot of gold because they re "jewlery addicts". This means they will have an advantage because the increase of purchaising power will boost their economy
Mongodelight 2 months ago
Epic Meal Time MUSIC
SatanKaputMachen 2 months ago
Labor: the New Gold Standard. There's not enough gold in the world to handle the transactions of 7 billion people. paulglover. org/1107.html
metroeco 2 months ago
I was luck enough to have spent some time with these guys in NZ. Although I had already been in the precious metals market, they gave me some reassurance that perhaps I was heading in the right direction. Yes maybe silver is apparently on a slight downward direction, the ratio to gold is 54/1. Just 3 years ago it was 70/1 so in comparison is still solid. The cynics say its going down and they are those not in for the long haul. Hold tight and watch it move again as the U.S prints more cash.
tainui63 2 months ago
I have learned more in 2 weeks on youtube than 2 years in a 4 year college fuck the system.
ghoststealer87ify 2 months ago 52
@ghoststealer87ify I feel you brother. I will be a junior coming this fall, and I have learned more from youtube, and reading books than I have in school. Most of the things we are thought in school are lies. I believe this is the reason they want to shut down the internet. The elites are thinking OH MY GOD WE CAN'T ALLOW THE SHEEPLE TO WAKE UP!!!
Bravesfan4500 1 month ago
@ghoststealer87ify exactly right! this is the problem with fucking education, we get ourselves into tens of thousands of debt and come out with no clue and, right now, no job opportunities. Our education could be learned through the internet, on the job, straight out of univeristy. It would done in our own time and wouldn't cost us or the economy a penny. And by the end of it we'd be far better equipped to start businesses and create wealth than through the current system.
KnowYourTeam 1 month ago
@ghoststealer87ify i meant straight out of school!
KnowYourTeam 1 month ago
@ghoststealer87ify tell me about it.
silverhorder1969 1 month ago
@ghoststealer87ify fuck yeah!!
michael616joaquin 1 week ago
When you understand the rules of the game; then you know the game you're playing. Get real financial education, otherwise you're going to lose your shirt holding paper currency!
autobahn101driversed 2 months ago
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spawn2882 2 months ago
Now, I'm an Aussie, and thanks to guys like Mr Maloney, I own PSilver. So, thanks... But just started watching this, and you showed a couple USA dollar bills, and said "... a couple o'dead guys on em." Dude, i'm not screaming here, but one of those guys was George Washington. If it would be possible, his soul would be by you right now in support of what you are trying to do for people. He hated the banks just like you, and fought for good (prob shot them by now) Please show some respect. Thanks.
WAKEUPNOWDAMMIT 2 months ago
@WAKEUPNOWDAMMIT Oh, pardon me, and of course the other "dead guy" was Abe Lincoln... Some speculate he was killed for his opposition to the bankers and his largely successful "greenback" (nondebt based, government issued fiat currency)... most of this i wouldnt have learned without direction from people like you, dont think you were trying to be disrespectful, but please watch out for it. A "couple dead guys" is a bit wrong for those two great men. Thanks guys. Kepp up the GW. Bye. I mean buy!
WAKEUPNOWDAMMIT 2 months ago
18:05 Listen to mike!
He is so right, and could this be the time?
spawn2882 2 months ago
Anyways. Guys. I'd say sell now if you want to recover quicker from SHORT TERM losses. I'd say it's going to go down a bit more yet.
"On another note, with no printing of currency, and x-mas coming soon. It will keep declining for about another week. Give or take?"
spawn2882 2 months ago
Damn greed. Very intellectual this game, they aren't greedy for paper dollars. They are for possessions and property. The paper dollars is they're weapon.
spawn2882 2 months ago
w.e Gold is to over rated.
My plan was to sell this morning at 1640, and trade for platinum witch was already in the 1400, showing where gold is to end up price wise.
(note to others, yes its going down now, but it'll come back up, and if not, means we are going into deflation, witch still means that it holds it's value, but in this game, we need inflation otherwise the banker wins.)
spawn2882 2 months ago
So far. I still think cash is trash. But in terms of trade. I've LOST VALUE! If I had of bought real estate. I would not be worrying about this bullshit...
For some reason. I think lots of foreclosures are about to take a mass sweep. Banker 1, us 0.
Banker's always win
spawn2882 2 months ago
WOW! I wish I had more money to buy... I was expecting this change. I was supposed to sell this morning to take advantage of it. But im not sure how much further down its going to go
spawn2882 2 months ago
the past does not equal the future +
every publicly available information is already discounted in the price +
doing beats thinking
= I subjectively label this movie as work of philosophy and nothing else
thank you for your consideration
TheHpnfreak 2 months ago in playlist More videos from whygoldandsilver
I'm ALL IN!
9pt9 2 months ago
I'm glad I found Maloney and was able to buy his book and share it with my dad. Now my dad is a physical silver holder and my family is happy.
dispersingweight 2 months ago
This is why in Islam we recommend Gold and Silver-Coins.
It's Sunnah-Money!
BUBLOOGABLOO 2 months ago
what is date this video was released??
yellow6100 2 months ago in playlist Favorite videos
@yellow6100 2009. Don't know the exact date
dre4117 1 month ago
could you see a scenario where gold is remonitised but silver is not and gold out preforms silver?
HornetUK1 2 months ago
@HornetUK1 I can't speak for Mike, but there is still less investment silver out there than there is gold, and considering that gold and silver have a historic relationship the ratio should close no matter what happens. I also consider the frantic rate at which silver is being consumed by industry. So, even if we stay on a paper standard, I really don't see any scenario where silver is not a great investment.
UponInfinity 2 months ago
Thank you mike maloney
brandonhaney1 2 months ago
dont blame Americans for trusting a system and leaders to do the right thing. everyone bought into it at one time or another. Thats how infiltration starts, to build trust. We have been bombarded on so many fronts that it divided the peoples power to move in one direction. Yes it is too late but those in Christ JESUS will have the final victory. even satan is under the authority of Almighty GOD. and CHRIST JESUS. you are already condemned by your sinful nature before GOD, JESUS came to save you.
trubornagain 3 months ago
With the movie being 2008/9, what is the situation now?
ScriptWorker 3 months ago
@ScriptWorker watch the new movie.
dispersingweight 3 months ago
@dispersingweight - ok, there's a new movie, whats the name or link? thanks.
ScriptWorker 3 months ago
@ScriptWorker debt collapse - $20,000 gold - mike maloney on silver gold, economics. its posted to the right with related vids.
dispersingweight 3 months ago
@dispersingweight - thanks got it, and seen it. good stuff
ScriptWorker 3 months ago
I was also wondering about investing in silver mines, there is an issue of risk though, I would think...
ScriptWorker 3 months ago
Just joined. Great insights and info. With the movie being 2008/9 whats the situation now? The crash of 2008 wiped me out financially so where is the best place to go and how much silver should be invested now? I am in UK, Thanks
ScriptWorker 3 months ago
Spaceship to the moon
spawn2882 3 months ago
So, the recent falls of the value of gold is probably due to central banks manipulation? But that got to stop one time, doesn't it?
Panter4 3 months ago
I clapped my hands on time Mike, before you said "thank you", haha
benitoyao 3 months ago
Is it still a good investment to buy silver today? november/2011 when its at $35?
JavixoCH 3 months ago
@JavixoCH It is still an excellent time to buy silver!
73cupcake 2 months ago
another question..gold and silver seem to fall in price in the evening, business closes at 5 pm so you can only buy it at that closing price (whatever it was at 5 pm). By the time it opens in the morning its prob gone up again.. am i just looking on the wrong website? i wanna be able to buy in the evening if prices are lower at a live price..uk
goldnsilverdoit 3 months ago
Please ccould somebody educate me? i was looking to buy small amount of gold and came across a bar that was marked Rothschild..i didn't know they sold gold publicly..how is gold manipulated and by who?
goldnsilverdoit 3 months ago
i really respect Mike Maloney's Education and Robert Kiyosaki's Business Acumen, but Robert is wrong about the Cash is Trash concept. Cash can buy 7 Xs more real estate in the Phoenix MSA. Gold and Silver have been better; however, they are tracking the US stock market more than before. US dollar denominated debt is Trash, but as of yet, Cash is more valuable than most so stop it with the multi-level marketing techniques please.
FreeRE1 3 months ago
1:10:56 to 1:11:16 I dont get it.... When the dollar goes down and eventually destroys itself, wouldn't gold and silver once again be a long-run form of public exchange or what will affect the gold and silver price to where it's no longer a good investment? Is it the time when they renew the monetary system?
Catastraphecdv 3 months ago
Youtube not available, ofc :-)
MrEdwinauer 3 months ago
Good job
Manuelleija69 4 months ago
When you HAVE phzz. HOW...do you unload it...quickly ...your dealer? No, they won't want it. Panic buyers with their hair on fire? Gold and silver take the stairs up, they take the elevator down. Guys like yourself can flood the buyer markets.
What, now your want to talk about Central Banks...what about ETF? They are bought and sold quickly.
LLMorse1 4 months ago
@LLMorse1 Exchanges are always buying and selling, no matter what the price. They make a small bid/ask spread, plus whatever they can charge over spot and overcharge for shipment.
TheyRiseBand 3 months ago
I put my money into silver and silver-indexed funds a few years ago. Now it's shot up. I sold my silver-indexed funds and paid off my house. And I kept my physical silver. And I think there are even greater opportunities to come. I'm totally behind this philosophy.
str009 4 months ago
hahaha 2008 me and my brother went to the bank got our money and bought silver. we re both up 100%. we re both absolutly sure to see 100 dollars an ounce soon. the party isnt over, want to join the save haven?
Mongodelight 4 months ago
I'm Israeli. From our tradition (Mizrachi Jewish) every family always try to stock up on their own gold, and to store underground. The reason is because it can be used in every country for money. So when the government (which often happen in the Arab world) try to steal your money and rob you. It's the best insurance policy against the government from robbing you, you can survive. Diamond and sapphire and other commodity like that can also be used this way, and even easier to transport.
chalitzah 4 months ago
Are coins that are 90% silver good to keep?
thegoodsandwich 4 months ago
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spawn2882 4 months ago
@spawn2882 you might need to leave the country
Bravesfan4500 4 months ago 4
When gold and silver catches up and revalues itself with the paper dollars, how long would this spike last in terms of days? ie when it moves and the opportunity presents itself to sell your gold and silver would this period be a matter of days or weeks ? Thanks, great vid.
THEDROPPEDSOCK 4 months ago
And if shit fails, thats why I want gold, because I'm thinking in terms of TRADE, not making money. Just keeping value.
If the paper dollar dies, and has to be replaced. I'd much rather be thinking in respects to trade. Land would be a good one, if I had enough to buy land, at the current time, I do not.
spawn2882 4 months ago
In my view, they are either ill-informed, twisting information & do not know how to use statistcal analysis correctly. Their understanding of money, the gold, standard, economics and the use of silver in modern technology (it is now gallium and graphene not silver) is poor.
indiajacktheoriginal 4 months ago
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Inspired by the mainstream media's blatantly biased reporting of Ron Paul.
Pledge at BlackTHISOut[dot]com
Please spread the word!
platinumshadow03 4 months ago
/user/ErlendGIN?feature=mhee
ErlendGIN 4 months ago
so if there is a sort term deflation people wont be able to aford there morgage so they will loses there homes?
HornetUK1 4 months ago in playlist HornetUK1's favorites
Check out "sons of silver" it's a silver update show new one every week
Koi4peace 4 months ago
I would love to see some charts for how silver prices pre and post-1971 accounts for increases in the money supply as well Mr. Maloney. I think those would be very educational, at least in understanding the dynamics of gold/silver relationship to currency and the performance we can expect from those two commodities.
ENJager 4 months ago
I understand why gold ended up accounting for increases in the currency supply pre-1971 since the currency's value was based upon gold; but we live in a post-1971 world where the US currency is decoupled from gold, so how can we be so sure that gold will eventually cover the entire US currency supply given that gold no longer backs any currencies in the world and for the most part, is not viewed as money anymore? Full disclosure: I am a gold buyer, this is just one of my doubts.
ENJager 4 months ago
@ENJager
Start thinking in terms of trade, instead of dollar value.
What can you trade your gold, silver, bread, food seeds, food, house, land, oil.
Who cares if it goes up or down in dollar value, it holds value.
spawn2882 4 months ago
If it turns out that you are correct and gold/silver goes through the roof as i hope it does will you also do videos on the next step, ie transfering the wealth from gold/silver in to the next wealth cycle ie buying houses or shares with the profits. You should think about it ! Great work guys.
THEDROPPEDSOCK 4 months ago
GOLD is worth NO MORE then its weight in PAPER, unless it directly improves life on this planet.
Both are products of the monetary system which is intrinsically flawed. Vote for Ron Paul, but do not expect it to fundamentally fix anything in the long run. Fighting eachother over gold for power over others will fix nothing.
Why I support a 'Resource Based Economy':: watch?v=77XQcdE2bRs
An Intro. to a Resource-Based Economy:: watch?v=4mkRFCtl2MI
Who should lead us? What neuron leads the mind?
zezba9000 4 months ago
@zezba9000
So I guess you don't own any gold?
Gold has it's scientific uses. You will find it in your computer, your cell phones, ect.
Platinum can be found in spark plugs.
Metals are a resource as well.
And they will probably be a much bigger part of our future then fossil fuels.
spawn2882 4 months ago
@spawn2882 I agree metals are resources.. but If gold, platinum, paper and plastic are not used in science to benefit life on this planet globally then there worth will fall when man falls and history will repeat itself. How Much dirt must we eat to understand the insanity we have created.
How much gold equates to one human life? That is how it systematically works today.
The problem is the viral idea not to question the system (Money, aka our God). Its not a bank, but what a bank comes from.
zezba9000 4 months ago
@zezba9000 Their worth will fall huh? Then why were they so valuable before legitimate scientific uses were even discovered? Gold and silver have retained their value for over 5,000 years; their value has survived every economic collapse in human history. Who are you to say their worth would fall? Banks can operate in harmony with the people they serve... if indeed they serve the people, and not themselves.
ludogogo 3 months ago
@ludogogo "Their worth will fall"
-- You mean the system will fall?
" their value has survived"
-- What amount of Gold is worth one human life? The amount of work you can enslave them for? So please, could you define "value".
"Who are you to say"
-- Must I be God, a King or President to speak against what I see as intrinsically flawed? Rank or Class has nothing to do with this.
"Banks can operate in harmony"
- Ask yourself this question. Does monetary interest define positive human evolution?
zezba9000 3 months ago
@zezba9000
You mean the system will fall? =I was quoting you
What amount of Gold is worth one human life? The amount of work you can enslave them for? So please, could you define "value". =I spoke of value in terms of buying power, specifically relating it to the dollar
Must I be God, a King or President to speak against what I see as intrinsically flawed? Rank or Class has nothing to do with this.=Uhm no, I was implicitly asking for evidence of your claim
ludogogo 3 months ago
@ludogogo " I was implicitly asking for evidence of your claim"
-- Evidence that may suggest a possible fact can only be done though repeatability correct? So to support the claim I would like to emphasize (that the monetary system will not work in the next 100 years) I will point you to something that is already documented and repeatable "History". Although I disagree with history always repeating I will say that it is the monetary system used in history that has proven itself to not work.
zezba9000 3 months ago
@ludogogo ..... P.S and when I say the monetary system not working, I mean not working in the best interest of life on this planet (its resources, creatures, standard of living and ecosystem) for the 21st century.
zezba9000 3 months ago
@zezba9000
- Ask yourself this question. Does monetary interest define positive human evolution? = no, which is why I clearly differentiated between banks serving themselves and serving the people
In short; you missed my point, you missed my point, you missed my point and you missed my point.
ludogogo 3 months ago
@ludogogo 1) "I was quoting you"
-- Yes but out of contextual misunderstanding I think. There worth is only what we give them, thus it is only worth what we value ourselves at, for money is worth nothing outside the perception of man. Our current perception of value will fall / evolve.
"buying power"
- Power is attained though authority in the system. In our system, whoever has the most money has the most power. This is one of the root causes that produces a bad environment we derive from.
zezba9000 3 months ago
@ludogogo 2) Banks do serve us and themselves, they give you loans, help you buy cars and houses, but banks derive from and are products of a system. That system served a time for a particular technical lvl. But now its outdated. When all "showvle ready" jobs are taken over by automation, the monetary system will starve out the lower classes and the system will fall.
zezba9000 3 months ago
@ludogogo 3) Money produces classicism. Its basically racism , you are born into a class and have less rights then others because of it. Basically you have to have money to be free. Different ruls apply to different classes.
The surprising truth about what motivates us:: watch?v=u6XAPnuFjJc
Why I support a 'Resource Based Economy':: watch?v=77XQcdE2bRs
Peter Joseph:: watch?v=TX1N3opw5eI
An Intro. to a Resource-Based Economy:: watch?v=4mkRFCtl2MI
zezba9000 3 months ago
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The vertical asymptote on the exponential graph representing the national debt is nothing but scary. I'm 16 and trying to convince my parents to protect their assets, but they won't listen- even I've been working my backside off working during the school holidays to buy into gold and silver bullion. Currently have the equivalent of 5 sovereigns and a half and 7 ounces of silver. How can I convince them?
MrTheDominonator 5 months ago
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MrTheDominonator 5 months ago
That brings up one of my main concerns, if gold's value is conventional only in that we collectively agree that this object has value and can be used for exchange - just like paper - then what would happen if certain powers would try to choose an alternative metal or other item as the new measure of value, like platinum or palladium or anything else that fulfills the criteria of currency?
ENJager 5 months ago
@ENJager
The powers in control horde gold. It would not be in their interest to switch to platinum of palladium as the generic standard form of criteria. Also, gold and silver are traditional not only in history, but psychology. Gold is gold, people will always recognize it as something of true value.
CrazyEurazion 5 months ago
Gold has CONVENTIONAL value, it has been used as a measure of value for millenia, that is why we value it, not because it has any intrinsic value over paper. Paper is just a thin piece of tree bark and gold is just a shiny yellow rock, no intrinsic value there. If the conventional measure of value was platinum instead of gold, then nobody would give a shit about gold and it would be regarded just as worthless as paper. So we need to stop saying gold has "real value," it doesn't.
ENJager 5 months ago
I'm a silver-gold owner because of my pessimism for the future of economic growth in Europe and America due to various reasons, but also because of the fundamentals of silver and gold which Mike Maloney has taught me. One thing I hate hearing though, is how gold and silver enthusiasts refer to paper as "trash" and gold as having "real/intrinsic value," hence gold is better. Gold has NO intrinsic/utilitarian value except perhaps as a blunt object like a rock just like paper.
ENJager 5 months ago
did he really say in the beginning of this video that PM is the nxt great bubble?
pjbbae 5 months ago
@pjbbae yeah, down the line, Mike believes it will become the next big bubble... far away from that today though... you need gold to pass a 1 to 1 ratio vs the DOW before bubble talk can begin... dow/silver ratio of 20 bare minimum as well. Learn the ratios... the price in dying dollars will mean very little when we reach bubble phase.
jhanders 5 months ago
@DigitalShaolin Lol
RockyMountainPrepper 5 months ago
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MrBriank29 5 months ago
Thanks so much Mike! I now have confidence that I can come out very well from the Quantitative Avalanche that approaches. This information is worth it's weight in.. silver!
DigitalShaolin 5 months ago
Will holding gold and silver stock work instead of physical? Like gld and slv?
freeze427 5 months ago in playlist More videos from whygoldandsilver
@freeze427 Part 9 of this film will give you all the answers you need. It starts at 1:01:54 All you really need to know is: 'If you can't hold it, you don't own it!'
whygoldandsilver 5 months ago 11
@whygoldandsilver Ok, so if you buy physical, where do you store it. If you put it in a house safe you could get robbed. If you store it at a bank, what if banks collapses and gets closed or government confiscates it?
freeze427 5 months ago
@freeze427 s to have physical
In my opinion, and im not an analyst by any means, but I believe that the only way to preserve your wealth i believe the only way to do so is to have physical, because in the end everyone will want delivery of the paper contracts and it wont be there and everyone will lose what they have
mrtitko21 5 months ago
Hi Mike I would like to say I love your videos they are very informative let alone very helpful please keep up the excellent work and God Bless.:)
sstylianou 5 months ago in playlist More videos from whygoldandsilver
Orang melayu was here..sape yg faham tolong like k..hehe
budak4887 5 months ago in playlist My Fav
Thanks Mike!!! Can't wait to buy my home outright!!
lh2000 5 months ago
cash is trash
sha370z 5 months ago
Thank you Mike maloney! Thanks for everything.
tobyreyes1 5 months ago 6
@tobyreyes1 Thanks for watching, be sure to check out our new video "Debt Collapse - The Case For $20,000oz Gold"
whygoldandsilver 5 months ago
@whygoldandsilver I did. Awesome. Read the book early last year and I've made awesome gains since. Been trying to convince my friends and family in the philippines to start investing too.
Mike Maloney + Peter Schiff + Robert Kiyosaki = an awesome financial education.
tobyreyes1 5 months ago
I knew precious metals were valuable back when I was in high school... I got laughed at becasue it wasent "money" some people just cant understand... this video has made me that much more informed. Thanks for this. I'm going to try to get as much silver as I can.
michcool1012 5 months ago
today the US dollar is backed by obama's & bernanke's assholes. that's about it.
nayanmalig 6 months ago 2
He kind of paints this in a nice sorta light. But hows it going to be when you have a lot of silver and everybody's rioting around you?
chico280 6 months ago
Big props to Mike Maloney everybody!
I'd love to meet the guy one day.
It really gets me thinking. But what are the everyday items or necessity's that we cannot seem to escape.
What are the things, on this world WORTH working for.
FOOD - WATER - TIMBER - ORES (Metals)....I'm forgetting something here.. Ah yes, OIL! Even though there are other means of making transportation not OIL RELIANT. The day will not be coming any time soon where oil is not needed. Electric cars keep getting stomped on.
spawn2882 6 months ago
What's the intrinsic value to gold/silver? They're precious metals. What are they good for? Jewelry? It's not used to build houses. It's not edible. It only has value because we say it does, just as paper notes. I'm genuinely curious: what is so much better about gold in a global society?
Motive11331 6 months ago
@Motive11331
In short, gold and silver are the most practical commodities to use as money, for many reasons: Fungibility, malleability, recognizability, high store of value, etc etc.
Thats what cultures through out history who had never heard of eachother both independently decided to use gold as money.
So no gold doesnt have 'intrinsic value'. Nothing does. Gold has value because it makes a good medium of exchange. That is all.
Equity213 6 months ago
@Equity213
fungibility - not compared to paper money
malleability - why would that make it more practical?
recognizably - the pictures/holograms on paper money are more easily recognized and probably harder to duplicate that the appearance of gold
high store of value - i dont really understand what you mean by value.
TheBackyardBeaver 5 months ago
@Equity213
cultures throughout history did this because it was the best option at the time. they couldn't use paper money even if they wanted to due to limitations in technologies. id also like to point out that cultures throughout history agreed that the world was flat. that means nothing.
TheBackyardBeaver 5 months ago
yes, some things have intrinsic value. food has intristic value because it will keep me alive. a house has intristic value because it gives me shelter. gold has no intristic values with the exception of some minor uses in electronics. it is just a shiny rock that is somewhat rare.
TheBackyardBeaver 5 months ago
@Motive11331 Gold and silver are finite and do not depend on governments, and also have a longer history. Silver, but even gold I think, has high-tech applications... so silver's value will never be zero as long as we live in an electrical age...
vocalrange 6 months ago in playlist Silver
I'm actually thinking... Either 85% of my money into silver, 15% in gold, or 15% gold 15% platinum, and 70% silver, or more platinum, then gold even.
I personally think there is a lot less platinum, and it will have uses that even the government will want there hands on in the event of war. Platinum is good for spark-plugs, as it doesn't get spark damage... You know how our car spark plugs get dis-coloured?
spawn2882 6 months ago
Hey I was just thinking if Ron Paul becomes president that interview with Mike is going to be absolutely GOLD!
harrybath 6 months ago
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001MeTaBoLiC100 6 months ago
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001MeTaBoLiC100 6 months ago
But the hype with gold will never die. It's even an addiction for some people.
Silver may also stay suppressed, but I even believe at 40$ an ounce, that's not enough for the labour to get silver.
It's all a mind boggle, and really if they can go through third world countries and get the silver extremely cheap, all the power to them, but how long will that last?
spawn2882 6 months ago
I should have sold at 1900 like I was thinking, and just run out and pick up silver.
I do feel like with the bigger changes the past few weeks, more people then average are paying attention if not participating to the markets. (Even more so, precious metals)
I also have this gut feeling, they may actually re-evaluate.... Maybe something like gold to 1500, and silver to 140-150.... we will see. Gold will still go up, even if it goes down... More people will want to buy, at 1500...
spawn2882 6 months ago
And why invest in gold anyways? There really is to much hype for the metal, considering its many uses.
Platinum has FAR more uses, and is much more rare then gold, we mine less of it each year then we do gold, we've also been mining it for less time. All of the worlds platinum supply could easily fit into a family home!
spawn2882 6 months ago
Back down to 1750.
Well that's what I bought my 1oz gold bar for.
For some reason I felt the spike up to 1900 happend to suddenly. I knew it was going to go back down quite a bit, but woah...
I'm starting to think it may hit 1600 before it starts slowly going up again.
spawn2882 6 months ago
Read Karl Marx concerning value.
You idiot desperate capitalists.
bapyou 6 months ago
@bapyou, please enlighten us.
mariasman100 6 months ago
Comment removed
001MeTaBoLiC100 6 months ago
Off to king and bay as soon as I get my e-bike tire patched lol
spawn2882 6 months ago
Comment removed
001MeTaBoLiC100 6 months ago