I scuttled my mutual funds RSP and took a 30% shave on the value. I put the remaining funds into silver. The total amount is now 130% of the original RSP investment. Thanks Mike.
I watched gold go up for years without having enough cash to invest at the time, it was heart breaking as I knew it would happen. I don't intend to let that happen with silver -I'm actually SELLING MY HOUSE to buy silver!
@whygoldandsilver if I'd pulled my finger out and gotten on with it a couple of years ago, then I would have made an absolute fortune. I still can though.
@NAP0LE0NDYNAM1TE We have sold the family home to buy silver as well. Also my wages goes into silver as well as having loans which is invested in silver. I also made sure my cashflow is comfortable enough to live well. You could say I am fully invested into the shiny stuff.
@NAP0LE0NDYNAM1TE I'm considering the same thing! But you have to live somewhere, right? I've come up with a clever scheme where I would sell my house and rent it back from the purchaser. I would be trading the title of my home for a title in gold and silver bullion. It's a bet. Will housing or gold go up more in value over a period of time? I havn't done this move yet, but very seriously considering it!!!
P.S. no one's mentioning platinum, but now its cheaper than gold!
@grraadd Thanks for that! Many more videos to come. Make sure you subscribe to the GoldMikeMaloney and WealthCycles channels as well, you won't miss a beat
@whygoldandsilver oil is hovering at 87 a barrel altho there is much inventory. my hunch the price is due to the devaluation of the US dollar. I also feel that if the price of oil continues to climb it will eventually crash the markets again. People will not be able to pay such a high price for oil which will result in more unemployment and the government is stupid enough to print more money. Oil will correct itself back down while gold goes up.
epic vid. I am a college student and using the money I have left over from my student loans to buy silver lol. It feels good to be on the other side of the transaction.
It's obvious how the govt. is suppressing the metals and I agree that eventually the free markets will win. I am curious how the metals markets are going to react when this thing in the gulf erupts or is blown up, and causes the greatest calamity known to the U.S., and perhaps the world. As it is, if the markets were left alone, the metals prices would be significantly higher. What if we hypothetically add a disaster scenario to the equation, or for that matter, a series of disasters?
@Wittmann73 don't sell ur metals until you start hearing rumors of the feds raising interest rates. when that happens metals will get a bashing. At that point sell ur metals. High interest rates also drives the prices of property down just an FYI. Wait till everyone around you has lost everything and have no money. BUY BUY BUY everything dirt cheap at that time. Im expecting at least 3 more years of QEasing. The next super bubble to pop will be social security i expect more inflation then.
the last graph probably does not include central banks. China for one has a lot of gold ownership at this stage, and since they're the biggest US creditors, I'd say that is what is keeping US Dollar from collapsing :-)
@silvercelli with the 131-day moving window on closing prices, looking at the rate of change (gains %) it has dipped in the last 3 years to 0 or below only for a very short time. Almost immediately after doing so is a nice linear slope up, but since gains is new divided by old price, this is an exponential gain in nominal (usd) prices (I didn't check all the currency conversions as closely to be sure). Basically that's when gold goes in 2-5 months to +20% (e.g. 1200 to 1440 $US)
@silvercelli my chart timing trends actually showed where it dipped to 1228 before spiking up, it should have already hit 1300 usd by the prior timing trend. It will get there anyhow but this indicates a suppression down. Also Ted Butler at the same time said on King World News that in the COT reports silver shorting was very small while gold shorting was "bigger than it had any business to be" and that sounds well correlated to me. Also I see a larger trend in my time-frame:
@drutter thanks mate =) Yeah I operate on just one camera so sometimes I'm limited with the whole zoom thing =) Movie is so close it hurts. First movie is all based in New Zealand, the next movies will be asia and then europe and usa. Hugeness. Met Max Keiser a couple of days ago. pinching myself!
@drutter Yeah, that zoom remind's me of the sudden ballistic speed of silver prices when everyone finally wakes up and realises how cheap it is right now ;)
@silverfuturist Hi Joe, yes the awareness factor is huge. We are definitely in Phase 2, Mike says "hi silverfuturist!". We went to a jazz club in Paris a couple of days ago and the drummer looked exactly like you! If you are on facebook look me up theres a shot on there
Guys like Seano71 don't have any silver and never will. They are in the vast majority.What about better mining technology increasing output he asks? What about rising populations,or increasing number of industrial uses of silver, or rising energy costs or increases in mining taxes,nationalisation of mines, political unrest, huge investor demand etc, etc...
The sheeple who can't see these things deserve what they are going to get.
I see a lot of fans for gold and silver here but here is my idea of preparing. To really pereserve your wealth, you guys really need over 10k of silver oz or its meaning less. %99 of you guys only have like a few hundred.... why waste time on here while you should be working harder to create fiat money to buy more silver just my two cents.... get all you can before its to late.
@Austacker Mike is a big time Macman. I think that's just a standard Mac wallpaper. Either that or he is doing weekend tours to space with Richard Branson
@AnnoyedDragon Oh god, VAT I am so sorry. "Value Added Tax" heh America wake up or you to will be subjected to yet another "National Sales Tax" or "VAT". I presume the UK percives silver as a industrial metal, I assume a mode to further destroy real money (Gold, & Silver) You can't have a competeing currency, just the banks inflated fiat currency.
Just put one country in the equation that wasn't in it during the last gold and silver rush. CHINA. For the first time Chinese citizens have the right to hold gold and silver and finally have the extra income to purchase precious metals. And they are! Check my videos and see. GOLD AND SILVER TO THE MOON!
Hard to not get excited when guys like Mike get on a vid and point out the facts. While I cannot prove the markets are supressed, the argument for it is very convincing. With respect to Bill Fleckinstein's argument that it is not, I disagree. While Bill has an amazingly gifted financial mind, he doesnt have a monopoly on intellect and discernment. As smart as he is, he is entitled to be wrong sometimes. His paymasters that he writes for, do not like this to be exposed either I would imagine
Got my Silver target :-) now waiting or pay day to catch up with Gold, What's a good (I know, it's subjective and personal) ratio? I'm thinking equal amounts when priced in confetti??
@whygoldandsilver It may be tougher, this time around. The banksters have a strong, entrenched position, backed by legislators and the media, all of whom are pouring on the lies to protect the status quo. What this means is that, when it happens, it's gonna be like a dam bursting, as all of that pressure gives way to market forces too long suppressed. And it won't be pretty when it does. ='[.]'=
@whygoldandsilver Free markets will always win out... I kinda don't want to win as yet because it allow us to purchase precious metals (ie, silver) at bargain basement prices. (Wrote this before watching the video)
thats what the people that don't own any silver yet, say. Do your histoery and re think it...the manipulation will come out. But I'm holding a load of silver :-) but for good reason.
@TheReallitycheck I'm investing in silver, but its not manipulated. Its just banks buying futures contracts for silver they don't have yet because the stuff is so rare. They want the stuff as much as anyone else glued onto what's going on. Precious metals are the only safe investment from what I see.
mike i really like your videos do you see a potential economic collapse this year and if so will that further cause the price of silver to excellerate
It will take too long, with everything thats going at the moment and the volumes now being baught it will be a dry market long before the economy picks up for that technology to kick in. It has to be viable, and at these prices thats a long shot. Silver is undervaluedt, as an investment and as an industrial metal. There's to much happening or that can happen with silver for it not to jumo up and out of its bonds. Can't wait. :-)
I scuttled my mutual funds RSP and took a 30% shave on the value. I put the remaining funds into silver. The total amount is now 130% of the original RSP investment. Thanks Mike.
patjukes 1 year ago
I watched gold go up for years without having enough cash to invest at the time, it was heart breaking as I knew it would happen. I don't intend to let that happen with silver -I'm actually SELLING MY HOUSE to buy silver!
NAP0LE0NDYNAM1TE 1 year ago 4
@NAP0LE0NDYNAM1TE That's a big manouvre, anyone else on here done the same?
whygoldandsilver 1 year ago
@whygoldandsilver if I'd pulled my finger out and gotten on with it a couple of years ago, then I would have made an absolute fortune. I still can though.
NAP0LE0NDYNAM1TE 1 year ago
@NAP0LE0NDYNAM1TE you should make a video explaining what you are doing folks would love to hear about it. Yep long way to go yet...
whygoldandsilver 1 year ago
@NAP0LE0NDYNAM1TE We have sold the family home to buy silver as well. Also my wages goes into silver as well as having loans which is invested in silver. I also made sure my cashflow is comfortable enough to live well. You could say I am fully invested into the shiny stuff.
nistelsoi 1 year ago
@NAP0LE0NDYNAM1TE I'm considering the same thing! But you have to live somewhere, right? I've come up with a clever scheme where I would sell my house and rent it back from the purchaser. I would be trading the title of my home for a title in gold and silver bullion. It's a bet. Will housing or gold go up more in value over a period of time? I havn't done this move yet, but very seriously considering it!!!
P.S. no one's mentioning platinum, but now its cheaper than gold!
canuck7777777 5 days ago
This has been flagged as spam show
hi Michael
will this book be in hindi or punjabi?
please do let me know
hyylo 1 year ago
Is that the guy from Prison break? :)
jaminunit 1 year ago
Mind blowing videos!
Great work man :-)
grraadd 1 year ago
Comment removed
WealthCycles 1 year ago
@grraadd Thanks for that! Many more videos to come. Make sure you subscribe to the GoldMikeMaloney and WealthCycles channels as well, you won't miss a beat
whygoldandsilver 1 year ago
which book is Michael looking at?
becauseushould 1 year ago
@becauseushould Hi Nancy it is the CPM Yearbook 2010. Costs a couple hundy, but very good info.
whygoldandsilver 1 year ago
@whygoldandsilver oil is hovering at 87 a barrel altho there is much inventory. my hunch the price is due to the devaluation of the US dollar. I also feel that if the price of oil continues to climb it will eventually crash the markets again. People will not be able to pay such a high price for oil which will result in more unemployment and the government is stupid enough to print more money. Oil will correct itself back down while gold goes up.
TheCashistrash 1 year ago
epic vid. I am a college student and using the money I have left over from my student loans to buy silver lol. It feels good to be on the other side of the transaction.
gooseCha 1 year ago
@gooseCha bad idea. Never use loan money to buy precious metals..
chineseal 1 year ago
Thanks for the update Mike.
conciousgood 1 year ago
@conciousgood Thanks for watching!
whygoldandsilver 1 year ago
Who to believe....hum....?
JP Morgan and the establishment bankers, or:
Mike and Dan....? hummm... ;0)
felixdov 1 year ago
It's obvious how the govt. is suppressing the metals and I agree that eventually the free markets will win. I am curious how the metals markets are going to react when this thing in the gulf erupts or is blown up, and causes the greatest calamity known to the U.S., and perhaps the world. As it is, if the markets were left alone, the metals prices would be significantly higher. What if we hypothetically add a disaster scenario to the equation, or for that matter, a series of disasters?
jalexander126 1 year ago
this is very good news i hope the suppression lasts a few more years so we can stock up even more! I just started investing in gold and silver.
whatever5004 1 year ago 2
@whatever5004 Just stack what you can while you can =)
whygoldandsilver 1 year ago 4
Sorry, Gold and silver will go easily above $9000 an ounce for gold and $500 an ounce for silver! Madness!
Hendo1974 1 year ago
I started buying Gold and Silver in late 2008 and havent regretted it since. I am also convinced the best it yet to come.
btw, Mikes book is great. I have read it multiple times so far.
Wittmann73 1 year ago
@Wittmann73 don't sell ur metals until you start hearing rumors of the feds raising interest rates. when that happens metals will get a bashing. At that point sell ur metals. High interest rates also drives the prices of property down just an FYI. Wait till everyone around you has lost everything and have no money. BUY BUY BUY everything dirt cheap at that time. Im expecting at least 3 more years of QEasing. The next super bubble to pop will be social security i expect more inflation then.
TheCashistrash 1 year ago
Thank you for posting this, Mike!!
UserNumber112358 1 year ago
That chart is unreal, that tiny sliver is the bubble they keep talking about! LOL
PressForFreedom 1 year ago
the last graph probably does not include central banks. China for one has a lot of gold ownership at this stage, and since they're the biggest US creditors, I'd say that is what is keeping US Dollar from collapsing :-)
froquini 1 year ago
@silvercelli with the 131-day moving window on closing prices, looking at the rate of change (gains %) it has dipped in the last 3 years to 0 or below only for a very short time. Almost immediately after doing so is a nice linear slope up, but since gains is new divided by old price, this is an exponential gain in nominal (usd) prices (I didn't check all the currency conversions as closely to be sure). Basically that's when gold goes in 2-5 months to +20% (e.g. 1200 to 1440 $US)
ytgv3fc7 1 year ago
@silvercelli my chart timing trends actually showed where it dipped to 1228 before spiking up, it should have already hit 1300 usd by the prior timing trend. It will get there anyhow but this indicates a suppression down. Also Ted Butler at the same time said on King World News that in the COT reports silver shorting was very small while gold shorting was "bigger than it had any business to be" and that sounds well correlated to me. Also I see a larger trend in my time-frame:
ytgv3fc7 1 year ago
Great video! I bought a tube of Silver Eagles today, how do you like that JPM?!
jimbobubbadj 1 year ago
Great work with camera zooms... what camera are you running?
partyhouse88 1 year ago
@partyhouse88 Thank you, running a Sony EX3, it's a real doozie
whygoldandsilver 1 year ago
@partyhouse88 Its not the camera, its the cameraman.
chimpanchu 1 year ago
@chimpanchu Haha thanks =D
whygoldandsilver 1 year ago
Whoa, crazy zoom at 2:23!!
.
Thanks for the video Dan, and thanks for answering silverstudy's question Mike!
Can't wait for the full movie to be available :)
drutter 1 year ago
@drutter thanks mate =) Yeah I operate on just one camera so sometimes I'm limited with the whole zoom thing =) Movie is so close it hurts. First movie is all based in New Zealand, the next movies will be asia and then europe and usa. Hugeness. Met Max Keiser a couple of days ago. pinching myself!
whygoldandsilver 1 year ago
@drutter Yeah, that zoom remind's me of the sudden ballistic speed of silver prices when everyone finally wakes up and realises how cheap it is right now ;)
geniusmarketing08 1 year ago
mike when do think will the gold & silver manipulation end? I'm having a hard time convincing my dad.
cedricalien 1 year ago
@cedricalien that's a huge question, ther ewill be more videos to come on this. Subscribe!
whygoldandsilver 1 year ago
Great video! Awesome to hear how many languages Mike's book is translated into!
silverfuturist 1 year ago
@silverfuturist Hi Joe, yes the awareness factor is huge. We are definitely in Phase 2, Mike says "hi silverfuturist!". We went to a jazz club in Paris a couple of days ago and the drummer looked exactly like you! If you are on facebook look me up theres a shot on there
whygoldandsilver 1 year ago
I love your updates Mike...! And you picked an excellent viewer to respond to... Cheers
rentonsentinel 1 year ago
@rentonsentinel It was a great question. Very relevant.
whygoldandsilver 1 year ago
Guys like Seano71 don't have any silver and never will. They are in the vast majority.What about better mining technology increasing output he asks? What about rising populations,or increasing number of industrial uses of silver, or rising energy costs or increases in mining taxes,nationalisation of mines, political unrest, huge investor demand etc, etc...
The sheeple who can't see these things deserve what they are going to get.
dowhatuwill 1 year ago
I see a lot of fans for gold and silver here but here is my idea of preparing. To really pereserve your wealth, you guys really need over 10k of silver oz or its meaning less. %99 of you guys only have like a few hundred.... why waste time on here while you should be working harder to create fiat money to buy more silver just my two cents.... get all you can before its to late.
charlesfuchs 1 year ago
Great clip as usual.
I love Mike's wallpaper on his PC too... where'd he get it? ;)
Austacker 1 year ago
@Austacker Mike is a big time Macman. I think that's just a standard Mac wallpaper. Either that or he is doing weekend tours to space with Richard Branson
whygoldandsilver 1 year ago
My fraction of precious metals is 100%
mascar33 1 year ago
Bravo !
Luiyi385 1 year ago
What annoys me to no end is the UK government doesn't consider silver a precious metal, they consider it a industrial metal.
And since it's a industrial metal they tax it, 17.5% VAT added in tax to a metal people are trying to use as a investment.
AnnoyedDragon 1 year ago 2
@AnnoyedDragon Not if they are legal tender ;o)
GuildF40 1 year ago
@AnnoyedDragon That is just another way to: "Roger" you isn't it ? The UK Gov finds another way to fleece your money out of your pockets.
TheSilverWatch 1 year ago
@AnnoyedDragon Oh god, VAT I am so sorry. "Value Added Tax" heh America wake up or you to will be subjected to yet another "National Sales Tax" or "VAT". I presume the UK percives silver as a industrial metal, I assume a mode to further destroy real money (Gold, & Silver) You can't have a competeing currency, just the banks inflated fiat currency.
MrReedZachari 1 year ago
Just put one country in the equation that wasn't in it during the last gold and silver rush. CHINA. For the first time Chinese citizens have the right to hold gold and silver and finally have the extra income to purchase precious metals. And they are! Check my videos and see. GOLD AND SILVER TO THE MOON!
clearasvodka 1 year ago
@clearasvodka Plus their government is encouraging them to own physical metals. Sheesh...
whygoldandsilver 1 year ago
Hard to not get excited when guys like Mike get on a vid and point out the facts. While I cannot prove the markets are supressed, the argument for it is very convincing. With respect to Bill Fleckinstein's argument that it is not, I disagree. While Bill has an amazingly gifted financial mind, he doesnt have a monopoly on intellect and discernment. As smart as he is, he is entitled to be wrong sometimes. His paymasters that he writes for, do not like this to be exposed either I would imagine
Motoicon 1 year ago 2
@Motoicon More to come, strap in
whygoldandsilver 1 year ago
Got my Silver target :-) now waiting or pay day to catch up with Gold, What's a good (I know, it's subjective and personal) ratio? I'm thinking equal amounts when priced in confetti??
ev06dre 1 year ago
@ev06dre Check out the dvd for more answers
whygoldandsilver 1 year ago
looking forward to more vids, great job :)
managarm1349 1 year ago
@managarm1349 Thank you!
whygoldandsilver 1 year ago
What do you think folks? Will the free markets win as they always have throughout history?
whygoldandsilver 1 year ago
@whygoldandsilver It may be tougher, this time around. The banksters have a strong, entrenched position, backed by legislators and the media, all of whom are pouring on the lies to protect the status quo. What this means is that, when it happens, it's gonna be like a dam bursting, as all of that pressure gives way to market forces too long suppressed. And it won't be pretty when it does. ='[.]'=
Raycheetah 1 year ago
@whygoldandsilver - Free markets is undisputed champion!
RUBuyingSilver 1 year ago
@RUBuyingSilver It's a knockout!
whygoldandsilver 1 year ago
@whygoldandsilver When is the DVD coming-out?
doctorjn 1 year ago
@doctorjn watch the end frame of the video
whygoldandsilver 1 year ago
@whygoldandsilver Free markets will always win out... I kinda don't want to win as yet because it allow us to purchase precious metals (ie, silver) at bargain basement prices. (Wrote this before watching the video)
Looking fwd to the completion of your DVD.
quixgofar 1 year ago
@quixgofar Thanks mate, yes the opportunity is immense
whygoldandsilver 1 year ago
Great job mike. A true Paul revere!
Exposethefrauds 1 year ago
@Exposethefrauds Thanks Chris get that jazz box going!
whygoldandsilver 1 year ago
I don't buy all this silver is manipulated stuff after listening to Bill Fleckenstein
Seano71 1 year ago
@Seano71
criminal charges are being put into order against JP Morgen...so wait and see
TheReallitycheck 1 year ago
@Seano71
thats what the people that don't own any silver yet, say. Do your histoery and re think it...the manipulation will come out. But I'm holding a load of silver :-) but for good reason.
TheReallitycheck 1 year ago
@TheReallitycheck I'm investing in silver, but its not manipulated. Its just banks buying futures contracts for silver they don't have yet because the stuff is so rare. They want the stuff as much as anyone else glued onto what's going on. Precious metals are the only safe investment from what I see.
Seano71 1 year ago
@Seano71 You should be in for a nice surprise then
whygoldandsilver 1 year ago
@Seano71 Sell me your silver then! =)
whygoldandsilver 1 year ago 7
@whygoldandsilver no thanks
Seano71 1 year ago
@whygoldandsilver lol good response, what you don't buy I will buy....
politicalratfinder 1 year ago
@whygoldandsilver lol good response, what you don't buy I will buy....
politicalratfinder 1 year ago
@politicalratfinder
or me :-)
TheReallitycheck 1 year ago
@whygoldandsilver you'll have to fight me for it ;)
stellaconcepts 1 year ago
@Seano71 Me first! I'll buy it if you're not convinced!
Austacker 1 year ago
@Austacker eh, no
Seano71 1 year ago
@Seano71
I do.
continuityofliberty 1 year ago
@Seano71
I'll take some too.
msjche 1 year ago
@msjche over my dead body
Seano71 1 year ago
mike i really like your videos do you see a potential economic collapse this year and if so will that further cause the price of silver to excellerate
!!!!
pringle959 1 year ago
@pringle959 stay tuned for more on this
whygoldandsilver 1 year ago
Mike what about the advancement of mining technology and the increased output as a result? Shouldn't they be negative factors?
Seano71 1 year ago
@Seano71
It will take too long, with everything thats going at the moment and the volumes now being baught it will be a dry market long before the economy picks up for that technology to kick in. It has to be viable, and at these prices thats a long shot. Silver is undervaluedt, as an investment and as an industrial metal. There's to much happening or that can happen with silver for it not to jumo up and out of its bonds. Can't wait. :-)
TheReallitycheck 1 year ago
@Seano71 Stay tuned for more videos on mining etc
whygoldandsilver 1 year ago