Gold and Silver Bull Market - 1970s vs. Today - Savers - Mike Maloney

[TheGreatTamara]

If paper currencies fail, no one will be able to splurge on electronics and other silver related products. Alot of the industrial applications of silver will grind to a halt. Most of silver is used in industry so won't silver become a lot cheaper once there is a lot less industrial demand rather than more expensive?

[Rhal95]

@TheGreatTamara There is a lot of truth to that. But even if industry use is cut in half (likely in a full depression) the current shortage will cause shock-waves in the system just from businesses trying to collect the silver they have already contracted. Especially since us collectors won't part with it for less than 10* current prices, and mining won't catch up for a few years.

[Doyalwcheese]

due to the fact you want GOLD to be the driving factor, Dr. Ron Paul... I am changing my views of you and I now abandon support of your ideas. It is still wrong to have gold as money. This shows me exactly your weakness. You are trying to kill a dream beast sir. In actuality you do not understand. Your direction to make a gold coin as cash is actually extremely dangerous, You place a resource as cash and inflation will then completely transform into imperialism, only leaving destruction.

[TheKlink]

So frustrating, all of this occured to me as I was failing school in 2003,4 & then I forgot about it. I mean, it was in my economics textbook, ffs! Even was all blowing up in 2007,8 I was too busy working. Only came across this recently. To think, had I trusted my gut a little but more instead of listenning to everyone scream at me for failing at my exams, I could be sitting on a nice pile now. Shoulda, woulda, coulda, eh? Spose I'd better do what I can now.

[dfg93353]

Gold and silver should only be used as a competing currency to sovereign US notes and nothing more.

[VICSWEB1]

most touts say keep buying gold and silver. everything is rigged. so maybe its time to sell. Gold silver could go alot lower. these guys have been wrong before, in fact they usually are wrong.

[charronfamilyconnect]

So when will be the day when silver's spot price will be dictated by physical supply and not paper supply?

[TheUltraNinja]

Dam ....MONEY IS TRULY EVERYWHERE!!!

[zdrux]

@11mac11s Because they've always done in the past. All governments, all banks, all politicians. Like I said, it's the rule, not the exception - so the onus is on you to prove otherwise, not on me. These are facts, not my opinions.

[clearasvodka]

It is simple. BUY GOLD.  BUY SILVER. Rest easy. Where else would you put your money? Seriously, where would you put your money that would not be robbed by inflation or taxes? Real estate? Nope. Banks deposit/CD? No. Stock market? OMG No! Hasn't even reached it's pre 2008 14,000 level. Currency? Forget it. Guns, ammo, food. Ok, not bad. How about PMs? Best investment since 2001 hands down....

[CrazyEurazion]

@blindf1sch

Yeh, where should I put my money then?

[supercecchi]

Mike is even wearing a gold neck tie. ..lol

[Motoicon]

@blindf1sch You may be right. So....what are you doing to preserve your wealth over the next 10 years?

[peppegg]

are you kidding me?? you write a book and have no say so on what should kept in your book??? save that excuse for little kids

[ultreality]

@peppegg I am a published author and I can tell you the editor has the last word.

My original manuscript was 750 pages and it ended up as 560 pages.

[MrVegiita]

Hi Mike, what would happen to the price of gold if we find out entities like Bank for International Settlements, Central Banks of the world and even the Federal Reserve are holding/hoarding A LOT of GOLD??? Like 2 million tons of gold??? My guess would be that the price would come shooting down.

[D33Lux]

FED admits they have NO GOLD!

Check my channel for vid.

[robert4you]

@D33Lux Do you believe FED? Are they trustworthy?

[myusernameisluc]

@11mac11s

On what planet do you live? They are doing it right now.

[robert4you]

There is a rumour circulating that there are much, much more gold hidden by central banks than we can imagine. Not 125,000 but 2,000,000 tonnes. Before the central banks started the whole fiat currency system in the world, they had to "withdraw" large quantities of gold so that it did not pose a threat to the fiat currency. All this started allready in the 1930s and was completed under Nixon in 1971. In this way FED and other central banks had paved the way for the dollar. Comments please...

[whygoldandsilver]

@robert4you There's also a rumour that all fiat currencies return to their intrinsic value - zero. Which rumour holds more water do you think?

[KevinFiessel]

@whygoldandsilver And what if this is true? There is no law making central banks to report gold holdings? This would make gold just as risky as a technology stock. There is nothing you can say that can change that risk.

[TWSceptic]

@KevinFiessel "This would make gold just as risky as a technology stock."

LOL of course not.

[robert4you]

@whygoldandsilver That fiat currencies return to zero value is not a rumour, that´s a fact... :-)

[LordOrlock]

@whygoldandsilver Lol burned.

[CodenameOnyx]

@robert4you that's disinfo. it's all bull. if this were the case they wouldn't have un pegged the dollar from gold during the nixon era. So whoever came up with that bull is a liar. Stop listening to david wilcox. he's fed disinfo all the time.

[alexmosutheskypirate]

@robert4you They withdraw it so it is less in quantity, and it becomes more valuable ?

That would be kinda stupid...

saludos :D

[newmankevin44]

@robert4you all i can say is thank god for silver and that it is used in everything electronic and not recycled nearly as much as gold.

[ultreality]

@robert4you I have researched and traded Gold for the last 35 years as well as global financial dynamics, and I can tell you that the claim of 2 million tons of Gold in the world is total and utter BS no matter which way you look at it.

There isn't even 2M mineable tons below ground.

More to the point, how much physical Gold do the banks really have considering each ounce has probably been sold ten times over and Comex probably do not have what they claim against contracts.

[robert4you]

@ultreality Thanks for the comment. Personally I do not think the banks have 2 million tons of gold. I was just curious what you guys thought about the rumour. Strictly hypothetical, what would happen to the price of gold IF central banks have hoarded for instance 2 or 3 million tons during the last 80 years? Just hypothetically...

[ultreality]

@robert4you Well the "rumour" is misinformed at best and must have originated from someone who has no clue what he is talking about.

Like I said before, 2 million tons of Gold may exist as paper, but definitely not physical metal, because that much never has been and never will be mined.

Central banks are desperately short of Gold because they "loaned" most of it out - they will never get it back.

Comex has sold $80Bn in open Gold contracts with $2.7Bn available for delivery.

[MrVegiita]

@ultreality The rumor is rumor but lets say there really is 2 million tons of physical gold held by central banks. Logic would say that gold prices would come tumbling down.

[MrVegiita]

@robert4you I've heard of the same rumor too and made the comment before yours. If 2 million tons of gold comes back into the market, logic would say gold prices should come tumbling down. But if central banks are really hoarding the gold, and the Fed is printing money, this whole thing seems more like manipulation of wealth transfer. Mike said Free Markets always win at the end so we shall see how this turns out.

[robert4you]

@MrVegiita Thanks for your comment. I do not think anybody knows exactly how much physical gold has been mined. I think the 125,000 to 165,000 tons of gold is largely an estimated number. Anyone who says they know the exact amount is not speaking the truth - central banks know more than they admit. 2,000,000 tons is too much but 165,000 tons is too little.

[Rhal95]

@robert4you That sounds like the Road to RootA theory, and there is some evidence to that. Personally I think everyone in power on both sides are going to loose control, but the more people wake up to what the banksters have done to us, the more choices we will have to choose the next currency.

People won't accept a new currency as a solution from the same people who abused us with the last one IF they understand money.

[SLVBULL]

For all you ppl that are loosing faith in the physicals, I have a suggestion. Put aside $50 cash and $50 of silver for just 1 year. Let's see towards the end of next year this time what your fiat currency would be worth compared to the physical. As I always say "Stack The Smack"

[itubeutude]

@itchyundies electronics.

[DontTread0nMe1776]

@itchyundies Silvers uses in industry are endless and new uses are found every day. Silver is the best conductor of electricity, best conductor of heat, and the most reflective. Silver kills all single celled organism (viruses, bacteria, fungus, etc) while being inert to humans and animals. There are small amounts of silver in almost every electronic device you own, they are not recoverable at current prices. Solar panels, water filtration, airplane engine bearings , plastic manufacturing.

[zdrux]

@11mac11s This has never happened in the past, so history is our guide. Governments printing is the rule, not the exception. And it's political suicide to steal people's money when banks fail due to deflation. Politicians would rather inflate then let banks fail, causing riots, destruction, and god knows what else.

[ShoppingIdiot]

@11mac11s The ECB bank... may play the deflation card, arguing that full-blown quantitative easing is needed to stop inflation (now 3pc) falling too low as commodities slide

[angelmtza]

@ShoppingIdiot Hey man, more quantitative easing to stop inflation would cause hyperinflation, probably you meant deflation. I was reading your comments and I also think either ECB of FED will print money to the death. Unfortunately they don't seem to have an option because of the political cost. They will inflate and debase currency to the extreme, it gives them more time in power and "less" pain to society than causing a greater depression than the 30s by balancing budgets. We're f...kd!

[ShoppingIdiot]

@11mac11s "The European Central Bank will be forced to print money on a large scale but only after deep recession and months of drift have pushed the eurozone to the brink of disaster, Bank of America has warned. "

The ECB will have to step in," said Laurence Boone, the bank's Europe economist. She fears the crisis will blow up by Easter or the early summer.

[SlashDotDash121]

@11mac11s Hey hey hey!

Im white!

But youre right, he is ginger, they dont have souls!

;)

[ShoppingIdiot]

@11mac11s Europe is FIGHTING QE, but they will have to do some BIG TIME QE if they are going to save Europe.

They are also asking THE US to chip in 25% to help bailout their banks.

It is either QE or collapse.

[ShoppingIdiot]

The billionaires & countries like China that are buying up gold-can sell that gold

, cause the price to go down ...and buy it back up. Mike Maloney compares gold with other past booms (Real Estate & Nasdaq) He calls gold the NEXT BIG INVESTMENT BOOM.

I don't know how to THINK ABOUT THAT STATEMENT.

Real estate BOOM busted.

and

Nasdaq lost what? 50% of it's value during the 2008 recession -before it recovered a bit to today's prices, but NOT to Nasdaqs all time high.

[capslockbandit]

@11mac11s LOL yeah ignore the previous ten years and focus on the short term, good idea.

[tesskansas]

I cant here this at all. bummer. I hear a muttering, but don't understand what is being said.

Anyone else. 

[HornetUK1]

times the speed of light

[SlashDotDash121]

His body language is terrible... It gives me a very bad impression... Not reassuring when I have invested a lot in metals...

[clarkcolt45]

@SlashDotDash121 he's not there to convince you, it's not his fault if you put everything in one basket. You are responsible yourself..

Besides, we had a even bigger downturn in silver in 2009, and a lot of people were screaming in horror back then - now it's even higher... Look at the fundamentals, not "body language" (lol you're pathetic)

[SlashDotDash121]

@clarkcolt45 He gains in more ways than one from a price increase...

I have to disagree... When you are doing a video like this presentation your body language are important.. Dont be so dumb to disagree... If not, he could sit in his underwear in front of a webcam and make the same remarks...

I still have faith in metals from what I have learned from many sources... I simply said his body language bad is and not reassuring... Please dont twist my words...

[IdigHistoryVideo]

I dunno why you all keep saying the prices are falling. The market moves....has it been any lower than when this thing started? Nope.... relax. I gotta admit. I don't trust that kiosaki guy. And yeah, maloney is a smooth talker. But he does have valid points.

[MyOwnYTAccount]

I hope silver goes down to $10/oz. I'll sell the shirt off my back to buy more.

[Mongodelight]

silver goes to 10.000 an ounce, gold goes to 50.000 an ounce. 100 ounces of silver will buy you an average home. an average home will cost a million dollars when this is over.

the purchasing power increase of silver will be around 50 x when it comes to homes.

[KnaveChild]

Gold is going down because it's manipulated by the criminals in high places, so they can prop up the dollar.

[Mongodelight]

i ve read the book, its great

[dmger14]

Many of Mike's clips are old and posted a bit later. My concern is that the credit collapse is deflationary (not so much credit in the 80's), and that the money creation won't easily get into the economy to drive price inflation higher, at least in the short-term. But even then, counterparty risk could drive people to PMs due to fear of loss. In the long-term, seems to me that money creation will have to overpower money collapse by whatever means necessary, and that bodes great for PMs.

[Gump902]

@karenbcz22: Yep, the guru's always gets rich because of other peoples ignorance, not because they produce anything vital and important for mankind, they are leeches feeding off the fear from the mainstream idiot, like meself, who bought gold when they all, Celente, Bob Chapman, Marc Faber, etc. told us to, because in dec. we would hit USD 2500! Morons, they are consultants, they dont know shit about reality!

[myusernameisluc]

@Gump902

Are you sure you listened when they said WHY you should buy gold?

[TheGreatPenetrator]

Well don't be so hasty, it is coming. The masses are still busy feeding virtual cows in Farmville...

[9pt9]

I hope he's right....

[Gump902]

Bla-bla-bla, he' s a smooth talker, why don't he tell us more about gold, and why it's falling? What's he up to, who's he working for?

[karenbcz22]

@Gump902 Exactly!! All these "gurus" got us suckers into this crap, and look at it!

I've never trusted Robert Kiyosaki. I want to know the same thing.  Who's payroll are these guy on?

[GiggityGooo0]

these guys are long term investors.they started investing 10 years ago when silver was 2$ an ounce and gold was around 300$ an ounce. maloney kioysaki and jim rogers claim they cannot predict the market in the short term but the fundamentals are there for it to rise in the long term. Gold has been rising for 10 CONSECUTIVE years. Even though its down at the moment (around 1600), the year started off at 1400$ gold, thus resulting in a positive year.

[geniusmarketing08]

@karenbcz22 well if thats the case, at least your being suckered in long before everyone else suckered in near the end...I guess you could also call this a front loading mlm programme haha ;)

[TheSilverWatch]

@Gump902 Why is Gold Falling ? It could be due to the Theft of Ghadafi's Gold (144 Metric Tons) by Western Powers which are now using it to continue their Precious Metals Supression Scheme. Maybe you should be asking another Question....Who is using Ghadafi's Gold Right Now ? lolz.

[ShoppingIdiot]

@TheSilverWatch Gold has fallen because of the deflationary Recession already started in Europe.

Gold is a hedge against currency collapse.

As the Euro Falls, it causes the USD to Rise in value.

When USD rises the result is that commodities and precious metals fall.

Remember in 2008 gold & silver fell because of the RECESSION?

Then there was QE creating rise in PM's & QE caused the great rise in PM's

When Europe starts printing money & US follows suit PM's should go up again.

[geniusmarketing08]

@Gump902 If you watch his other recent vids,Mike will tell you this...he said there will be a deflation before a hyperinflation and that there is shortly going to be a great time to buy bullion as it gets temporarilly cheaper before it gets much more expensive (starting next year sometime IMHO).

[poreddys]

Why does he assume everyone will be coming chasing after gold and silver? Maybe they will use their paper currency to buy other real assets...

[ih8regs]

@poreddys Where to put large sums of money? property, stocks/bonds/cds/etfs/mutual funds, art, gold and silver, elsewhere? Property is in a bubble,look at china, building empty cities for the purpose of having a place to put investment money, paper assets are a no go, art is niche, what else is there outside of gold and silver that's equivalent or better? The odds look good for a rush into gold and silver.

[benyahi]

repost

[Bravesfan4500]

@ShoppingIdiot Yes, if they pass a QE in Europe, I believe it will help them for only 12-19 months. After the time, that is when SHTF. I predict it could probably result in high inflation or hyperinflation.

[geniusmarketing08]

if you thought apollo 13 got to the moon in good time, wait till bullion lights its boosters.