Is It Too Late To Buy Gold and Silver? - Mike Maloney & The Elevation Group

[RandomUser2009]

10:45 what about dividends for the Dow

[JohnMuise]

1800$ an ounce is cheaper then dirt? If that is true i am poorer then shit. 

[RectifieD]

@JohnMuise To me its not, but several year back in 06 or around then it was $300, so its already started to correct itself. Personally, what I have read & charts in the value of Gold/Silver through history it has to reset itself - if you will. 10/15 yrs time youll b laughin. I've only just started to buy and I'd say I'm probably right at a ratio of 5:2, in silver's favour (Coins btw), given the cost of Gold and the fact Silver is dirty cheap right now (GBP £83 1 oz, convert to ur currency)

[JohnMuise]

@RectifieD True. I just started to invest in silver. 10 oz at the moment.

[AProjection]

So when do you guys expect hyperinflation? I don't believe it will be that soon.

[FortitudeOfHeaven]

Too late is if/when it goes to $1000000000 an ounce.

[PrunVeIes]

why are people selling gold if its such a good investment to hold on to

[mezonesxbox]

@PrunVeIes people are very poorly educated, and need the cash cause of the economy. And worse people are barely getting fair value for their jewelry, and they still think they struck rich.

[tikkuboy]

Many economists are saying the same as this one. We have to buy gold LOL and not selling it!!

[LegalAdviceAid]

It's really difficult decision what to buy!

[nickisacebeans]

HOLY MOLY @ the jump in paper after 2008. Now I'm no financial expert, but that don't look healthy to me.

[MX3516]

His Gold/Dow chart is correct, covers the period 1980-2011, and the vertical scale is the percent that the gold price represents of the Dow. In 1980 they were equal, so the chart is at 100% on the left margin. Reached the low point around 2002 due to the low price of gold. Today it is still less than 20%.

[onecreativetrader]

lol, the first graph I try to verify "Gold/Dow" and suprise suprise, its a complete lie. Look for yourself. Google the Gold/Dow ratio it looks nothing like the one in the video. DJ is right, Gold is losing price... if your looking for good financial advise go see a financial advisor and dont take any advise from a group of MARKETING experts, who are trying to sell you stuff.

[TheLusseyran]

@onecreativetrader er, past ten years proved Maloney correct no? Follow a financial adviser? Of course they don't try to sell anything do they

[djJaXx101]

This is crazy! Cherry-picked statistics to support a crazy get rich quick theory by people trying to sell you something. What is even crazier is that people believe it.

Gold IS losing value $300 per ounce in the last 6 months

It is ridiculous to say that the G20 finance ministers are going to “hash-out” a new world monetary system based on gold. They cant even get the 14 countires of the eurozone to fiscally intergrate properly.

There is tons of other counter arguments but I haven’t got room

[Bravesfan4500]

@djJaXx101 SHILL!!!!!!!!!!!!!!

[JCrownwell]

@djJaXx101

"This is crazy! Cherry-picked statistics to support a crazy get rich quick theory by people trying to sell you something. What is even crazier is that people believe it."

Thank you for the contrarian indicator. Thanks to you, I've loaded up on more ASEs. Enjoy your day.

[TheLusseyran]

@djJaXx101 hahaha idiot....that 'crazy get rich theory' is a factual bull market that has been going on for over ten years. You seem to have trouble discerning facts from fantasy.

Trolls are so pathetic and moronic

[tomnguyen0820]

This is how things work. Whatever is predict, try betting the opposite, and you will win. It's just like betting football at Las Vegas. These people pay to pump and dump. Pump up the price of silver and dump before everyone get out. So my suggestion is wait or short silver or gold.

[TheLusseyran]

@tomnguyen0820 yep I totally agree, how many have predicted bubble gold? Bet the opposite...very true.

BTW no one needs to pump the price of gold.....it has pumped itself all by itself, just look at the ten year chart....

Guys like you make me very very bullish!

[astari24]

Mike- you are an awesome man. Thank you for this priceless insight

[tomnguyen0820]

gold will be $800 by the end 2012. Silver will be $8.00

[mamanmatty]

@tomnguyen0820

I hope so. Do you have any reason or is that just a random guess?

[gabyapy]

@tomnguyen0820 why are you so sure about it?! they say that gold will raise btw 13-20%, silver acts very strange, too strange to be predicted.. how did you do it?!

[TheLusseyran]

@tomnguyen0820 sniff sniff, I smell a very dirty sock puppet troll, you guys really need to make yourselves less obvious.

These guys are losing, they know it, and they are desperate. Gold is no way even near its top. Good always prevails over evil that is certain

[dowhatuwill]

@tomnguyen0820 Hope you're RIGHT so I can buy more. Trouble is your either a total moron or just scum trying to spread disinfo. Either way you should be ignored.

[HermannTheGreat]

@tomnguyen0820 If it is, I will buy 500 ounces and then wait until it returns back to $50 an ounce to sell.

[0muffins0]

I love the way Mike takes seemingly complex issues and presents them in a format that people can easily understand.

[mtube620]

i smell alot of sock puppet  (hired trolls) here

[mtube620]

i see alot of paid trolls and spammers over here. Many of them have no youtube history or just recently registered and they are instant expert LOL. If trolls and spammers come here, this mean this video has something good to say. Don't be fooled, these trolls and spammers have their motive too and often are paid.

[MysteryManagement]

watch this video and more on the Silver Bullet facebook page.

[RollOut82]

Mike you are the man dude... you are the man

[dowhatuwill]

Interesting. Still, if there are 4 times more paper dollars since 2008, why aren't prices 4 times higher since then?

[gardelk]

@dowhatuwill it takes time... banks make no loans!

[dowhatuwill]

@gardelk Good point but I thought banks make loans out of thin air anyway. When's any of that money going to unleashed into the economy? Bring it on I say!

[HermannTheGreat]

@dowhatuwill They are around 30-40% higher across daily use items such as food, gasoline, services(medical, dental, construction) etc. etc. If the prices go too high then people won't be able to buy anything which will prevent companies from making profits so costs can't go too high, but as we've seen wages haven't increased much at all compared to the rising cost of everyday purchases in most all cases except technology items.

[dowhatuwill]

@HermannTheGreat No doubt they are higher. Seems to me that there is potential for them to go 400% higher , even without any further money printing. When will that happen happen? I don't know but kinda seems inevitable at some stage woudn't you say?

[NGabriel88]

Okey... I'm a bit confused. Mike says in this video that the economy will end up in a deflation, but I have also heard that it will end up in a hyperinflation. If it ends up being a deflation, doesn't that mean the purchasing price of the dollar be strong that will make gold cheaper? Help please =P

[RollOut82]

@NGabriel88 Best answer, is read his book he details it in thorough explanation and you will totally understand!!! He actually says that a short deflationary period will likely precede the eventual hyperinflation which will be the last stage before the currency ends. However, even in a deflationary environment you will still hedge your wealth I believe, this is because although yes dollars will buy more, the relative price-point of PM's will still maintain its purchasing power

[TheLusseyran]

Again like I said I believe gold and silver will surge in the future. But I will stress to anyone thinking of getting in, you need guts of steel and strong control over emotions. I will also advise to not go into it as heavily as Mike recommends, especially silver. Those out there without these traits strong in their personality (most have not) will panic and sell, for those better not to get in at all. Maybe just a small percentage. This need to be said. Seems selling silver is the priority?

[HermannTheGreat]

@TheLusseyran This is true, there's no point in buying large amounts atm, we don't know how much silver/gold will drop in the future as more money hits the market, but we also don't know how quickly it will increase. I think that it's important though if you buy to be willing to hold for several years (5-10). I know I am. If those guys who bought in at 8 or 15 and got worried and didn't hold, they never could have sold at $40-50 last year.

[TheLusseyran]

Mike although I still think that gold/silver is in a bull market. I think that you have some responsibility here warning about the extreme volatility of silver particularly. You say 'if you can't take the volatility don't get in' then on the other hand you push people to get into silver strongly. People who put their lifes savings in silver at 40-50 based on you and your message are having nervous breakdowns at the moment. Yes I believe it will go up again, but most will sell now at a loss

[megatherium100]

@TheLusseyran You have to remember that Mike is trying to sell an idea and is pushing gold and silver because he has a company that sells just that. Second, people have to take personal responsibility for their own actions, if you are going to buy precious metals, buy physical, is the safest way to own pm.

[thenxtbillionaire]

Debt Collapse said 2.4 trillion...so i assume Osama Bin Bernanke printed another 400B for fun rofl

[kmax360]

SILVER AND GOLD. silver has historically been 1/16 the price of gold so invest in both because one does not raise or lower without the other mirroring its action.

[ckpeltomaa]

I walked into Bank of Am. today and asked them if they are financially solid, and they said, yes, and that they just got a new renovation on the inside and outside, so at least the local staff are happy. But I think BofA could write all that off as a loss and make money on the way down too.

[Zion111000]

MUhhhaaaaaaaaaaaaa!!!!!!

GREAT DEPRESION IS (THERE) COMING IDIOTS !!!!!!

Gold 2$ per Onze and Silver fifty Cents per Onze..this is comming Meloney !!!!.why do you lie ???

Mr. Meloney you must go to school to learn mathematics.The best is, you start at the 1st class.

[ajfelix67]

@Zion111000 Gold at 2$? I think your head is screwed on a bit too tight. If that were the case, I'd sell what I can and just BUY.

[TWSceptic]

@Zion111000 You are really stupid.

[Zion111000]

@TWSceptic

Discover the miracle of compounding.

We speak in 3 Years....when you lose All. I hope you have a computer at this time.

[TWSceptic]

@Zion111000 Be careful, I'll remember and will remind you of your mistakes.

[NorEEzta]

Silver's at 27.10 right now. Got me nervous. It's been above 31 since February that I know of. Time to buy even if it's steady going down?

[wfield21]

@DrTerryMoore - Cost average $247?? Do yourself a favor and go watch Gold Rush on Discovery channel. These guys drops hundred's of thousands of dollars and walked away with like 14 oz of gold

[blackswanflea]

I like Mr Sinclair's phrase "extended family" for all of us, reality fans. Good to listen to great teachers. Thank you, sir.

[DrTerryMoore]

Cost of production average $247! Likelihood of a gold standard in future ZERO

[TWSceptic]

@DrTerryMoore Wow another dumb ass lol.

[DrTerryMoore]

@TWSceptic Hi TWSceptic. Gold value based on pure gold. Adding other much cheaper metals to products REDUCES the value. When the crunch comes, you cannot eat it, wear it to keep you warm, drink it, drive it or live in it! All gold is fools gold! Search 'World production costs for gold' on Google! Production is restricted to keep up the price and guess who most gold mines belong to.....the Banking Elite!

[TWSceptic]

@DrTerryMoore That's nonsense. If that is what you base your argument on then you already lost. Gold will go up, you need to watch Mike Maloney.

[DrTerryMoore]

@TWSceptic everyone has an opinion....time will tell!

[mtube620]

@DrTerryMoore let me give u some facts terry. Gold ores currently running about 0.25-0.5 g/ton of rock. Why do bankers need to restrict production when mining cost already skyhigh? why do these big mines (owned by bankers as u say) have to go down miles into the earth to get at the gold ores? goldmoney should compensate me for educating the noobs beyond their vidoes:)

[DrTerryMoore]

@mtube620 Shows how insane humans are....we spend money digging the stuff out of the ground, keeping it safe once we have got it out of the ground in case it is stolen and then stockpile it for what?

[mtube620]

@DrTerryMoore your logic is beyond repair

[DrTerryMoore]

@mtube620 I think it would be more logical and ethical to use the money used for mining to enable the unemployed to produce more food to feed the starving!

[9thebear]

@DrTerryMoore As a store of value to stop Central Bankers robbing us blind you moron.

[alectraproject]

Mike, really, you just lost me with you read your own book? When I say something like that I am classed as a wanker?

[collegeisbs]

so is it a good time to buy gold now? and then sell it in 30-50yrs?

[VegasRage]

Great info!

[FREEsilverGiveaway]

Great update, super informative, checkout my channel for silver updates and chance to win FREE SILVER BULLION! Starting Jan 2012!

[rolficus]

sir mike thanks for the update im going long silver for the long term

[dreygore]

@whygoldandsilver Thanks for that presentation. I've seen "Debt Collapse" but could always use some reassurance while I wait for these fundamentals to come to fruition. Do you think SILVER could surpass GOLD if it becomes monetized by the new world currency?

As you said, it is more rare than gold now and has more industrial demand as well.

[disciple90633]

Hi Mike.  If you had to choose between Gold and Silver right now, would you still be more bullish on Ag? Thanks.

[whygoldandsilver]

@disciple90633 There are a bunch of videos on our channel on this. See you over there.

[TheWildbill242]

Thanks for the video. I'm going to your side right now and check out the Debt Collapse video.

[quadcatfly]

Silver bubble popped. It is 28 now and falling. It will be a single digit in 2012. Those who bought above 30 got wiped off financially. But hey if you keep your siver for 40 years u will break even. Bhaaaaaa haaaaaaaaa haaaaaa haaaaaa...

[markusass]

@quadcatfly Unlikely. A realistic net price for gold and silver by the end of 2012 is $2,900 and $199 respectively.

[silverkingukable]

@quadcatfly I sold off on the high and getting cheap on the lows is a great time

[ajfelix67]

@quadcatfly When it's becomes a single digit, I would just add to my stash. Nothing to it :-)

[whygoldandsilver]

Hi everyone, Mike Maloney here. If you enjoyed the info in this video, please check out my 90 minute presentation called 'Debt Collapse - The Case For $20,000 Gold' for free here on YouTube. Add this link to the end of the YouTube url: /watch?v=tj2s6vzErqY Please give this comment a thumbs up so folks get to learn what is really happening...make sure you subscribe to our channel too - we have some huge features coming out shortly. Many thanks, MM

[supermonet12]

@whygoldandsilver i dont understand the value of gold....if or when the dollar collapses, and gold rises to 10k an ounce, how does that benefit me if the dollar is worthless? are you saying that if gold eventually reaches 10k an ounce, i can purchase a car worth 50k with just 5 ounces of gold? thanks...

[StandUp555]

@supermonet12

#1 Ask yourself why Central Banks always hold Gold in their reserves

#2 CBs have been Net Buyers for the last few years ( since 2006 IIRC )

#3 Gold has been the basis of all Banking systems - disguised of course.

#4 Ask yourself why Central Banks LEASE Gold ( how interest rates are derived )

Mike is IMO 100% correct.

The only problem is what Politicians do next ...

.. or will their hand simply be forced by the realities of capital markets.

[whygoldandsilver]

@supermonet12 please watch the 90 minute video I mentioned, it will benefit you greatly in understanding this.

[markusass]

@supermonet12 The euro-american power elite need US military might to project their power in the world, so they're not going to engineer a collapse the dollar.

[silverkingukable]

@supermonet12 Purchasing power of it is higher than the notes.

[raspberrybaggio]

@whygoldandsilver If there was a button, for showing both my thumbs up, i'd press it ! Lol

[Jampjoon]

@whygoldandsilver Hi MM - I was surprised to find your face appear in some old hifi magazines having only associated you with precious metals investment via Max Keiser. Are you still a keen audiophile and if so what's your current favourite set-up?

From one dyslexic to another, I think we'll be seeing more of us out-of-the-box thinkers making the most of forthcoming crises - that's why we're here, to excell when the world changes or needs to change.

Best wishes - Nat

[YouTheory]

@whygoldandsilver Mike I'm 25 Year old, what money i could have saved up, i bought 175 Ounces of Silver ... 0 ounces of Gold, Should i at-least buy couple ounces of Gold? Reason for my Silver purchase is ... what will generate me the biggest PERCENTAGE increase ...

[JagReport]

@YouTheory Silver is more volatile than Gold. Silver has the potential to yield more than Gold but also to fluctuate more than Gold. It is better to own some gold to make your portfolio a little stable.

[Bravesfan4500]

@YouTheory Silver will have the highest percentage, because it is much cheaper than gold. I would say buy some ounces of gold to afford your living expenses in high inflation or before hyperinflation. Moreover, you need to read books about monetary history such as Moloney's book, and Jim Rickards book "Currency Wars." You don't want to be dissuaded by some of these shills on the Youtube comment board. Good Luck bud.

[egonpauli]

@whygoldandsilver thumbs up as usual. But can we assume what you say about dollar goes for euro as well? Euro money supply has not increased the way dollar m3 has, so it would be great if you mentioned europe and euro-gold ratios from time to time, just to help us get our bearings on this...

[TheOfficialTone]

@whygoldandsilver If we do change to a gold standard in the near future will silver rise with it to maintain the normal ratio or would it be a better idea to invest in gold now?