Singapore - The Next Dubai? Real Estate Bubbles, Mike Maloney of Gold and Silver Inc

[BrainstormerXV]

Singapore is undoubtedly the best managed country in the world. The guy in the video says Singapore's debt is higher than Greece's. Well, judge for youeself what brain he has.

[BrainstormerXV]

Singapore - The Next Dubai? Are you kidding? Dubai strived to be the Singapore of the Middle East not the other way round. Every month Dubai sent hundreds of their officials in Singapore for study purpose. But Dubai will never become Singapore.

[Steve2323ZX]

I love the porno music at the beginning

[stevo728822]

Everything is so predictable...not.

[vinny1010]

4:00 - I dont think England's and US' property bubble has fully popped

[gruff5]

@vinny1010 England hasn't started to pop yet, just some minor drops (and some even smaller rises). It's hanging in there due to record low interest rates and (so far) low unemployment. That will change.

[strike0ne]

wasted 1 minute counting the cranes and some of them arent even cranes lol!

[WMoksg]

Lol ...he's mistaken, these so called cranes are from the port area of Singapore and it's meant for moving containers from the ship to land and there are so many of them spread along the waterfront where he was viewing. Yes only those on top of building counts if what he meant was building under construction. Everything about Singapore is not Dubai, but yes prices are high just like many places but bubble? Well, it's inevitable when there's so much liquidity with QE2 and QE3 soon.

[williamwagener]

Prices may fall for a long time, these monster building will rust out and be demolitioned, but disease will wipe out billions and no one will care much about

the Real estate burst bubble. We will soon see a new age of slave-master set up

and even those with the gold may lose it to those with guns and more power.

[koertje]

Ok but look at all the big ships in the sea. Aren't that ships exporting stuff all over the world? Like you can think about bubbles, but these guys are still producing and selling.

[handsometall28]

Hi,

with the investment of 100-250k do you know what country right now is good for investment in real estate; the money is not much so it can be just by buying a land as well

[Thorneization]

You want to count cranes go to the secondary cities in China. Xian where we own a condo there are literally thousands, they are not building just condo's, they are building streets. The condos in some area look like the twilight zone. All condo's may be blue on one street with all glass windows and the next would be green, etc.

[TadRapidly]

Yep, looks like a real TTI (Testament To Idiocy).

[jkkoh200]

@TadRapidly

My father needed specticles. By your logic, I should have n! "fathers"!

Some years back in China, I paid RMB4 for each basic hair-cut in rural township. In Singapore, the same was S$6 (RMB36 then) in Singapore. By your logic, Singapore economy was then already in hyper-inflation/ bubble! You heard of "Fallacy of Composition" (an economic term)?

I could foregive you for being "evian"! Reason: when a finger is pointed at someone, 3 other fingers are also pointing!

[jkkoh200]

I worked in Dubai (2007).. I saw countless vacant blocks of buildings awaiting changing hand at a next higher price from the next fool no property tax) & capital gain (Non-taxable).

Singapore situation is differerent:

1 no abandont uncompleted civil engineering works

2 no vacant completed blocks

3 there's real need for residential units as more are taking roots in S'pore.

When will this influx of imigrants cease? At the moment, high net-worth individuals are still flowing into S'pore!

[CheekenOne]

@jkkoh200

I'm a Singaporean too, though you are right, the prices right now are high anyway. I wouldn't call it a bubble here, but the prices will fall pretty rapidly, just not as bad as other countries.

[jkkoh200]

@CheekenOne

The endless supply is the reason behind all the acts of chasing after staff. For average Singaporean, other than PMs/ forex CDs/ property/ education, we do not have much choices. For PMs, we are disadvantaged by a 7% GST and & high-pricing mint! Try buying silver in Singapore now; you can hardly find a roll of SAE; I meant just hunting for availability. We we also not guilty of printing money? What about the recent S$600/700 for each citizen? Is it not $ creation in another form?

[denisfininho]

I'm from Brasil but living in Toronto for 6 years and watching house market from abroad i can say tha'ts exactly what happening in Brasil the houses price are just crazy high.

[Bravesfan4500]

@denisfininho Onde é a sua cidade irmão?

[jackgoldman1]

If you owned a printing press and people worked all year for 500 of these 100 dollar bills costing five cents each, how many would you print? If you could counterfeit money, and it was legal, how much would you counterfeit? That is what is fueling all this, it's a money bubble, not a property bubble. Fake money ALWAYS enriches the elite and impoverishes the poor. This is all typical. All fake money ends in a collapse. History is clear about this 100% of the time.

[smasila]

MIke, come to Toronto, Canada. Our property bubble is still going!!!!

[sw911iz112]

Swedens property bubble is about to burst.

[BuzzLOLOL]

Everybody remember this is an infomercial...

Crude Oil was under $10/barrel last months of Pres. Clinton... then up to $157/barrel ($4.50/gallon gasoline, $5/gallon diesel/heating oil, $100 to fill up a pickup truck) under oilman Pres. BushJr...

.. Yes, he did count ship loading/unloading cranes as construction cranes... but he prolly doesn't know the difference... so take his claims with a grain of salt...

[jordan567890]

you counted cranes at the loading docks of Singapore's shipping industry...

Singapore = mini-juggernaut... Dubai, America, UK = house of cards.

btw, some people mentioned Vancouver: you should know the rest of Canada is inhumanely cold (outside today my eyelids stick together), Vancouver is the only moderate city (rain instead of snow) and so alot of people move there (it is also the favored destination for rich foreigners wanting Canadian residence).

[colinjockgraham]

Mike, you mentioned oil down to 10$, if we do see deflation please explain why then siver can still go up in value in this senario

[spectrum0590]

Dubai and UAE is the best place for real estate investment today.

[orangedac]

@spectrum0590

i wouldn't touch it with a 10 foot flag pole

[silverguru]

Just received word that I may not be doing a Silver Summit Asia 2 in 2011. May still come to Singapore and do a workshop on the precious metals so stand by. Thanks for the nice words, DM

[TOC359]

What happend to all that money Dubai owes?? Did they write off the loan?

[7Losses]

@TOC359 They simply printed some money with (I assume) dead guys on it and paid it.

[underdog200610]

Property prices have clearly risen in Singapore but nothing compared to HK or China. The government is also actively applying measures to property purchases to limit the flow of hot money coming into the country that inflate asset prices.

Seriously, to compare Singapore with Dubai and Las Vegas reflects a complete lack of appreciation of the economic underpinnings that has sustained this island state's success.

[whygoldandsilver]

@underdog200610 Time will tell...

[underdog200610]

Singapore is amongst the top 3 most competive economies in the world, has close to zero external debt, amongst the highest savings rates in Asia, average inflation rates of no more than 3% over the past 25 years and an unemployment rate lower than 2%. The Central Bank adopts an exchange rate managed monetary policy to control inflation which is most suited for an economy where its exports/imports account for more than twice its GDP.

[underdog200610]

You have absolutely no clue about Singapore to even make a judgment like this. This is arguably one of the world's strongest economies in the world which has gone from 3rd to 1st world in one generation. Its unofficial foreign reserves stand at over S$400bn dollars and mind you the country has no natural resources other than a highly talented and competitive local population.

[drkevincampbell]

Great video Mike. Are we still on for that steak dinner?

[thecomingdepression]

You should be filming in VANCOUVER the bubble is gigantic! People think it will go up forever. John Templeton stated before he died, Real Estate will go down 90% around the world.

[whygoldandsilver]

@thecomingdepression It's incredible isn't it...especially Australia, that's a BUBBLE and a half. Dan

[Swifteagle]

@whygoldandsilver

"Australia, that's a BUBBLE and a half. " I live in Australia, I know that there is not enough houses for the amount of people that we get from overseas... there is more demand than supply... does it mean we could still be in a bubble?

Thanks

[juliancochran]

@Swifteagle Be careful about the supply and demand story over there. That's really only a narrative to curve-fit and rationalize the situation over there. Real estate bubbles near the top have the same narrative. Japan is a classic case - study the newspapers during the peak in the 80s and everyone was saying that it is a small island with limited land, no-where to build, prices will go up forever e.t.c. and since then if has fallen 80%). Australian are a little deluded, will understand later.

[bartoniusz]

I can recall standing on a 10th floor in Warsaw in 2007. I counted 25 cranes until I gave up. The RE prices in Poland have been declining slowly since then.

I think the "crane index" is a good indicator as well as the "height index" which simply says that a bubble pops when a record high building construction starts in the region (also true for Poland).

[whygoldandsilver]

@bartoniusz We should create the official crane index....along with a report of recent sightings!

[popcur]

I miss traveling overseas.

[trent269]

Mike Maloney for president!

[whygoldandsilver]

@trent269 ~Great idea. I think Max Keiser should be in the mix as well, he should run the Nuremburg-style trials for the bankers

[JaiHindArbhav]

lets just nuke all cities and go back to the middle ages!! That ought to shut any BUBBLE BUBBLE BUBBLE whining economist for good!!!

[WHIREAS]

Can someone please explain to me what he mean by "bubble" ? :s

[LookMaNoBrains]

@WHIREAS there are many ways to explain it. I'll try my own simple term. You live in a nice house. You see that your neighbor starts selling their old house to buy a newer one along the beach because everyone says it will worth many times more in future. Then you see him sell of his new beach house and buys back the old one with profits left. You started to do the same thing, but aint got enough cash, so u borrowed from bank. But no one wants any houses anymore and you are STUCK. Ure in debt now

[saeidmomtahan]

'The next Dubai'??

I think Dubai is the next Singapore. Remember? Singapore had a property bust in the early 80s when real estate lost 80% of its value. Now Dubai is going through that.

So let me ask you this, what about cold hard cash? Is that not better than Gold? Your opinion please.

[vinny1010]

Property bubble in US is still going, not finished yet

[LukeYz1911]

There are many holes in your argument. The debt ratio u used is inaccurate as it includes public debt, which includes the compulsory savings that Singaporeans need to put into their CPF (a compulsory savings scheme to save for their retirement). External debt would be a better indicator, which in Singapore's case, is only 11%. You also mentioned about Singapore printing money in your comments. This isn't true either as Singapore doesn't manage it's currency through currency in circulation but t

[Anothercoilgun]

Same wasted real estate in California.

[suddy669]

thanks for the vid mike,ive been a gold/silver invester for about 4 years now, i've read your bookguide to investing in gold & silver,also peter schiffs crash proof best thing i ever did,in crash proof it is said to get rid of your house by 2010, my house is in australia yes it hasent poped hear yet but has slowed a great deal since gfc in 2008 if i gould convince my wife to sell i would & by more gold & silver. idont believe in 10% gold in your portfolio ihave 60%gold 40%silver, thanks 4 yorvid

[LookMaNoBrains]

There are going to be bubbles in every developing nations. Its just that Singapore's bubble are more regulated. Much safer than many major cities i would say.

[Timbukt00]

@LookMaNoBrains the whole notion of a bubble is something that is out of control & expanding like a soap bubble. these cant be controlled or regulated: either you win or lose.

[LookMaNoBrains]

@Timbukt00

no, just like real world couterparts, bubbles comes in different sizes. And some pops when they are really small, but others are allowed to grow so big that when it pops, it affects many lives.

ANY property markets in this modern world WOULD HAVE bubbles, not matter how u want to deny it, its a fact. The moment a property is sold with profit made, it has a bubble.

The idea is NOT let this accumulate into a BIG one, and to squash them or regulated them when they are still manageable.

[Timbukt00]

@LookMaNoBrains Agreed! its just that you need to realise that regulation is one of the causes of bubbles not the cure. The cure is financial education/intelligence with in a free market setting.

[whygoldandsilver]

We've just filmed in Moscow...the results of the real estate bubble there were obvious. There will be a video on this soon.

[j10betty]

in my opinion, the govts of the world want this so they can have a reason to take over the corportaions that were never regulated properly. and fromt heir onw the new world order will be implemented and from their its just a scary thought. time to get off the grid and learn to live on your own without help from modern society. its the only way we will survive this 4th turning thats already in motion.

[whygoldandsilver]

@j10betty It's certainly a good idea to be prepared for the worst while hoping for the best

[saeidmomtahan]

@j10betty

Government trying to take over the Corporations?

I think most governments are OWNED by the Corporations.

As for getting off the grid, it's a great idea. I've been on a generator for the past year.

[Consumerofknowledge]

So, lots of large, giant cranes means there is a property Bubble happening? Ok, makes sense. In my state, wisconsin, in the town I live in...I have notice a SLOW gathering of a few cranes in several locations. Does this mean anything? Maybe I am just paranoid, I don't know. ':)

[vietpridewoldwide]

Just because the American bubble burst doesnt mean others will. Asian country's save and reserve a lot, so this is not a very good analysis here

[cpswyl2]

I'd like to ask Mike where the weakness(es) are in this investment strategy. What are the risks financially of going all-in silver? Is it a strategy without risk?

[Consumerofknowledge]

regardless of what every one thinks about Singapore, all countries will eventually collapse and the "big meanies" who did it will come in and buy everything and own us. We will be mere slaves to their world dictator they instal to rule the world, that is if we go along with everything and act like sheep. If we use our minds and actually do something, we will make it a lot harder for them to finalize their plans.

[capncrunch93able]

Australia is in a housing boom. whocrashedtheeconomydotcom has all the charts you should need on that and the likelihood of it crashing. Mortgages are the main thing on Australia's banks books. Kiyosaki has said in some of his books that once you see the cranes the building boom is at the top of the market. They are like birds of prey.

[whygoldandsilver]

@capncrunch93able Thanks for the comment. The website you mentioned is a great read and recommended to all who read this!

[paparry]

I live in Melbourne Australia,and the property prices just keep going up and up and up!

[whygoldandsilver]

Has the property bubble in your are burst yet? Please leave your comments below...

[mfith]

@whygoldandsilver I live in Canada, and experts are predicting housing prices will rise for next two years. Lot of my friends are purchasing houses right now, kinda worried for them. However in the news, they are saying Canadian economy is really strong.

[thestupidthingasdfjk]

ahahhaa most ridiculous, condescending presentation ever. "bringing financial literacy to these regions"? you're a funny man.

[jackylee632002]

His sneer only shows his ignorance. Singapore property price may be soft in the coming months but bubble burst...... LMFAO. Singapore has budget surplus almost every year. It is no brainer that commodity/ precious metal/gold price is rising. We dont need financial education in such simple no brainer analysis.

[jackylee632002]

This guy is talking rubbish. Singapore has been that busy even before Dubai started their construction boom. Dubai cannot finance their project anymore because oil price and USD drop. Singapore is still that busy after Dubai collasped. They do not call Singapore as 1 of the 4 tiger for nothing. Please dont compare Singapore with Dubai, Australia or your desert LV.

[dewssTV]

the debt to GDP should not be taken as face value like other countries. Singapore external trade is 3.5X GDP., largest globally. The loans made by all banks in Singapore is below the deposits taken over the last 40 years. Excess deposits are placed in government bonds to form a SGD yield curve which was lacking in the capital markets. CIA cant figure this out, that's why its the best job in the world, You dont have to be right and still get paid with printed money

[silverguru]

Mike-- Thanks you stayed in Singapore longer than I.. Needed to get to Mines and Money show as you know. Right with you, as we discussed they (Singapore) is inside the bubble and most don't see it.

Thanks for all you do!

David Morgan

[whygoldandsilver]

@silverguru Thanks for your time in LA David, more to come on the tube real soon!

[learn2rock]

Take a look at the latest Competitive Report 09-10 for Singapore by World Economic Forum. Google "WEF Singapore competitive report"

Maybe Singapore do not have to worry about its public debt after all.

[whygoldandsilver]

@learn2rock If that report is anything to go by, this would mean the US does not need to worry either. They are listed at #2 in that report. Ahem.

[vinny1010]

property bubbles have yet to pop in the US ...subprime is only a tiny portion of it

[whygoldandsilver]

@vinny1010 Check out the article at GoldSilver in the newsletters section. There you will find a chart of mortgage resets that shows what is heading our way fast...the second wave. Surf's up. Big time.

[vinny1010]

@whygoldandsilver Oh I agree it will happen and I know what Sept 2011 has in store for us re Option Arm Resets, I was just saying technically it hasn't really hit the fan yet - They're still trying to prop it up a little, that's the reason why I feel commercial property hasn't tanked yet. Maybe I misunderstood what Mike was saying

[iaf000]

real esteate bubble everywhere! in shanghai, Seoul, Toronto Vancouver. funny thing is when you look at PM and real estate marekt during 1970's, PM price go up while real estate price go down! I think interest rate went up too.

[iaf000]

@iaf000 when will gold silver price spike up happen? maybe 2012? like end of the world?

[whuttto]

Mike, go get your facts right. Wild baseless speculation. Obviously you're not familiar with Singapore's economy or the real estate in Singapore. So until you've studied, shut up.

[whygoldandsilver]

@whuttto Thanks again, Dan here. As I mentioned earlier, please visit Wikipedia, type in "debt to GDP by country". You may also like to visit CIA factbook to confirm this. I'm grateful to have brought this to your attention...amazing, huh?

[majikhusky]

Love your work Mike. However your comments about "bringing financial literacy to these regions" is very condescending and ironic considering that Asian countries (e.g. China) in general are the Savers and Producers! Lose the American World View and you'll do well in Asia!

[whygoldandsilver]

@majikhusky sorry if you took what Mike said as condescending...but I don't see too many other people holding a Silver Summit and educating the masses about real money vs fiat paper. In fact, this was the first ever Asia Silver Summit. I think you'll find by watcjing a few more of Mike's videos that he has less of an 'American World View' than you might think at first. He's all about free markets, hard money, and financial education.

[majikhusky]

Love your work Mike. However your comments about "bringing financial literacy to these regions" is very condescending and ironic considering that Asian countries (e.g. China) in general are the Savers and Producers! Lose the American World View and you'll do well in Asia!

[spikesterg]

To be honest, I used to say the same thing about the Singapore property market, but, having lived here for 5 years, I don't think it's going to happen. They have positioned themselves as a destination resort country/city, so, unless China and India collapse and all the money that flows into Singapore from those countries wealthy/elite, I think this place is going to keep chugging along. There was a slight lull in mid-2009, it has been going strong here year after year.

[felixdov]

What a great look at Singapore... thanks a lot guys.

[whygoldandsilver]

@felixdov no worries stay tuend for a look at Taipei!

[mallamoozoo]

what will happen to australian property market?

[fezz569]

Go Mike, love your work!

[thekassandracomplex]

From I've seen following property markets the last 15 years is that the time from investment to completion always lags behind the regular economic cycle. Of course there are some general exceptions to this rule however one cannot deny correlation between increased income/decreased lending rates & demand for housing. Once I see interest rates/real wages go down I will know the bubble will burst. Just watch what's happening in Toronto Canada.

[sgwarrenb]

its high but still hv room to go b4 popping esp when interest in SG is extremely LOW (0.1% to 0.5% per year! can you believe this?) and Singaporeans save a lot... our gov is forcing us to go out and SPEND!

[sgwarrenb]

i am from Singapore... i hope it pop too.... but.... the 3 pillars thing you talk abt is the casino.... mortgage payment in SG is abt 30% of income now..

[clearasvodka]

It takes forever to get from Fremont St. to the strip. A traffic nightmare...

[bluehorse888]

I keep waiting for mike to put on his sunglasses and "baba oreilly" to start playing in the background..anyone else think he looks like Horatio from CSI? lol

[whygoldandsilver]

@bluehorse888 it has been noted before lol =)

[partyhouse88]

Looks like they drive on the opposite side of the road there...

[rytis1]

I would not bet on Singapore. People smart, educated, productive and building because they need to. It's a town state after all. With 3% unemployment, maybe a long way from bubble. Dubai, Vegas was pure speculation

[whygoldandsilver]

@rytis1 Good points...remember though that they are printing currency out of thin air at an unprecedented rate, with the 6th highest debt to GDP ratio in the world. That doesn't sound too smart to me...but I stand to be corrected. Dan

[whuttto]

@whygoldandsilver Singapore? 6th highest debt to GDP ratio? HAHA please.

[whygoldandsilver]

@whuttto Hello there. Please visit Wikipedia, type in "debt to GDP by country". You may also like to visit CIA factbook to confirm this. I'm grateful to have brought this to your attention...amazing, huh?

[nameofthepen]

A never-ending supply of fools getting trapped in the webs of the banksters...

[mooashoo]

Please explain in depth what exactly is meant by, 'WEALTH TRANSFER'...it's a term used often but rarely explained, a transfer from whom to whom?

[whygoldandsilver]

@mooashoo That's actually a good question, I'll get Mike to address it but basically....during massive financial events, wealth is never destroyed - it is simply transferred from one group to another. Throughout history, these events have resulted in wealth being transferred from the people to the banking elite. This time round, owning precious metals will mean wealth is transferred toward you rather than away. More to come.

[wewishujoy]

Mike, I want to get as prepared as I can. I see bubbles as bad things (economically). You seem to see them as opportunities. How best can I prepare myeself and my family for the coming shift in wealth? I buy silver, but it is in minuscule amnts (1% of my salary a year). How else can I prepare/position myself to gain wealth during this shift rather than lose?...

[whygoldandsilver]

@wewishujoy I'll pass that question on to Mike, thanks.

[kamarulx]

@whygoldandsilver Did mike reply to wewishujoy's question? I would like to be on the right side too!

[sa11ee]

Sigh, he just makes assumptions regarding the Australian property market. It is not going to crash at the end of the year!

[JOConnor100]

When these property bubbles collapse there will be more bailouts and money printing.

[shoedoctor99]

Canada's property and real estate market is hot....it seems to have weathered the recession better than any other country.

[whygoldandsilver]

@shoedoctor99 But could this be the eye of the storm?

[Austacker]

Mick, I'm a huge fan of your work having read your book in Gold/Silver investment and now subscribed to get your DVD when it's released.

I live in Australia, where our Property Bubble really staggers the imagination on it's level of depravity and ignorance. The Average house price in Sydney, Australia is now PAST $600,000 Aud - with the average national wage here at $67,000 Aud. Obviously, something has to give.. the insanity here is frustrating and disturbing for many people here.

[managarm1349]

I already got physical au&ag but how do i bet "against" singapur e.g.? Don´t really know how to picture betting against an entire building branche. Someone tell me how to make profit here :)

[Seano71]

This video reminds me of the Dublin Docklands in 2006. Amazing times

[SamuraiCommando]

The only thing I worry about is that when this whole thing pops the right side of the trade will be the wrong side morally. Gun wielding anarchy on the horizon?

[whygoldandsilver]

@SamuraiCommando I guess it depends on how you look at it. The wrong thing morally, would be to know about this stuff and not spread the message to those that need it. So please, embed, rate, comment as much as you can. At the end of the day, this thing is out of control. We just have to play the hand that we are dealt.

[dlmaniac]

I always enjoy Maloney's video a lot. Thx for uploading.

[whygoldandsilver]

@dlmaniac Thanks for watching, more to come.

[Tasadaru]

Maybe I'll short sell Singapore real estate.

[Ubreako]

I worked in singapore and they have out priced the locals.....its not possible to buy property there. The govt feels if you cant afford to live here.....pls migrate else where. Only multi millionaires in singapore.

[drutter]

49 cranes.... not 47? Are you sure? ;)

Nicely edited, good information. That ship-building is absolutely incredible - and disgusting. Is that really necessary? Practical?

Thanks for the vid Mike and Dan!

[whygoldandsilver]

@drutter Thanks drutter, it was amazing to see all that. i'm going to try and bust out another short vid tonight.

[drutter]

@whygoldandsilver

Nice, looking forward to it! You've got a unique chance to get some amazing footage, and you have excellent video editing skills. Nice combination! Love it! :D

[whygoldandsilver]

@drutter Thanks drutter. You know that at some stage I'll have to bust out some close shots and some 'chikka wokka chikka wokka' music....

[drutter]

@whygoldandsilver

Haha, yeah you better. I know you have "mad stacks". Come on, make with the porn already.

[samsterlok]

Every time I hear Maloney talk about PMs & economic cycles, I find myself wanting to place another order with APMEX.

[whygoldandsilver]

@samsterlok Thanks for watching, don't forget to check out Mike's online dealership...link is in video description.

[Raycheetah]

@samsterlok

If you haven't, already, buy some silver NOW. I just did, and I feel SO much better! Imagine if silver prices skyrocketed tomorrow, on news of the silver shorts being squeezed. Wouldn't you feel badly to know that cheap silver was gone forever? ='[.]'=

[Consumerofknowledge]

@Raycheetah I can only buy like a few coins though, thats it. I want to buy a"dragons nest" of silver, but I don't have loads of paper.

[Raycheetah]

@Consumerofknowledge All you can do is all you can do. I'm watching the current price surge in Silver, reminding myself that nothing ever goes up in a straight line. We've seen prices in this range earlier this year, and they came back down. Granted, the fundamentals weren't exactly the same, but I'm waiting for some profit-taking and a nice price dip to buy more, in order to maximize my value. Just as long as you''re accumulating some Silver, you're way ahead of most folks. =^[.]^=

[FunkSpunkter]

Why is he educating people in Singapore and not the US?

[whygoldandsilver]

@FunkSpunkter Mike speaks at scores of events worldwide every year. There are some great events coming up in the US featuring Mike, Robert Kiyosaki and Richard Duncan.

[whygoldandsilver]

Mike has been educating in the US since 2005, check out his older videos they are magic. We just need to get people to listen..

[longltran]

@whygoldandsilver

are there any events in Melb Australia soon??

[whygoldandsilver]

@longltran None that I know of but it would be awesome to get Mike out here.

[Exposethefrauds]

Here in New York City, I can count the amount of cranes on one hand. People are leaving this rathole in droves. The socialists destroyed it. Keep the vids coming. Tell mike after I make millions from buying gold and then shorting it, that when hes in New York City im buying him a steak dinner to thank him.

[starfish00000]

Really like these videos. Thanks!

[GuildF40]

It will still be a world of buyers & sellers.

Silver enters both :o)

Brilliant post

FONZED

[silverfuturist]

When the DVD comes out, I am going to make everybody I know watch it until they are able to grasp reality.

[whygoldandsilver]

@silverfuturist Thanks Joe, I'm so glad your digging these videos. I've been working on the film non stop for the last 8 months so it's great to finally get some stuff out there. Just to clarify - the Singapore and Taipei sections aren't in the first film...it was all filmed in NZ. I'll load the trailers soon so you can see what it will be like. It's a wake up tool =)

[ANTIDALLARD]

With all due respect to the man! Why is he pushing silver. What is it to him . Why doesnt he just store it for himself. He'll be the richest man on earth

[Tasadaru]

@ANTIDALLARD People like Mike take in intangible profit by helping others. It is sort of like when people with money donate to charity.

[doobsta]

Australia and Canada have yet to pop...they are still inflating with the government doing as much as they can to give free money to people to get into mortgage debt.

fun fact..."mortgage" a french word, is not used in french speaking countries to describe their loans. Instead they use "hypotheque".

The word mort = dead

gage = bet

mortgage ourseleves isn't something we should all aspire to.

[Austacker]

@doobsta Agreed mate. I live in Sydney and it's absolutely insane here. The average house price in Sydney is now $600,000 Aud - the highest it has been in this country by more than 200% against the long term mean.

Sadly, we have a government and media network here hell bent on keeping the bubble going as long as it can on the public purse.

Like Mick, I'm scrambling to buy PMs in physical whilst it's still affordable to do so. I'm about 90% SILVER at the moment and 10% GOLD.

[whygoldandsilver]

@Austacker Yeah mate it is thetwilight zone here. I'm in Melbourne and real estate people are partying like it's 1999. Like Mike says, something's gotta give...

[connectingdots1]

@doobsta

You got it brother!..in fact most Canadians are living in a bubble and have NO idea what is coming their way.I believe our collapse is just around the corner maybe 2011 or 2012.

anyone up for a death bet? lol

[Consumerofknowledge]

@connectingdots1 I sadly agree with you. I hope I still have my freedom, lol!??

[lokir]

Thanks WhygoldandSilver. Another great video. It's good to see new videos from Mike Maloney.... looking forward to seeing the finished DvD. Keep up the great work.

[charlesfuchs]

Hey Mike... I live in North Las Vegas since 2002.... there is a lot of empty house right now. I currently live in a 6400 Sq house and it was only for 460k. I know it will way cheaper in several years.... I think it will be ok, i been buying silver for years :-)

[chrissy5133]

you should have seen Dubai the last couple of years!