Gold & Silver 1000:1 -The Greatest Wealth Transfer in History

Mike Maloney gives an answer to a question asked by an audience member "What is the silver lining?"

Category:

Education

Tags:

• Mike Maloney
• silver
• gold
• investments
• debt collapse
• wealth transfer
• economic crisis
• 500oz
• ron
• paul
• collector
• numismatic
• bullion
• wealth
• cycles
• transfer

[bullshit3118]

Ok on a critical note. Mike is saying if you don't physically hold it, you don't own it. Yet he offers to store gold for customers in vaults in London, Zurich, etc through his Gold Silver company. This is the same type of jargon we got from Celente and look what happened. Basically, Mike has a few options to make money in the gold/silver markets: be a salesman/marketer and a seller of the commodity. Be wary of salespeople and paying for these services with such obvious contradictions.

[whygoldandsilver]

@bullshit3118 There is a BIG difference between holding segregated physical bullion in a vault outside the banking system...and a leveraged trading account with nothing backing it up except a lot of hot air. Some customers own literally tons of bullion, burying that in the garden just isn't an option.

[TonyBeanify]

@whygoldandsilver I'm interested in this "vault service" because of my country tax policies, and would like to know more. Lets say if all the customers who store their PM in your vault suddenly decide to take all their PM out at once, could you manage to give all their PM back?

[whygoldandsilver]

@TonyBeanify We do not store metals at all, but we do help customers organise accounts with third party vaults whom we trust to deliver exceptional service and security. Only the best will do. Be very wary of any dealer who offers to store your gold and silver for you themselves. This is where the potential for Mr Ponzi resides. History teaches us so.

[whygoldandsilver]

@IronicallyVague Possibly Jamie Dimon's house... :D

[xcvsdxvsx]

"wealth can never be destroyed" that is unbelievably false, any time anyone drops a bomb wealth is destroyed.

[UnitedCorpOfAmerica]

@whygoldandsilver "whom we trust to deliver exceptional service and security" what was conveniently missing was... "...service and security in the CURRENT marketplace"

[UnitedCorpOfAmerica]

@whygoldandsilver In a paper crisis you won't get your PM's... ever. It's a piece of paper that says you own it, paper crises means fiats and many/all contracts.

[elysianfury]

@IronicallyVague that's a great question. a webuygold spot near me the guy says he trips to his "melt guy" twice a week. He won't tell me who it is or how many other clients this melt guy has. and who he sells it to, etc

[Econofresh]

@ingeniousElf the us can't go back to the standard. It's to late. The current dollar must diee first and a new currency has to be created linked to gold. But the question is where will they get the gold from? The citizens sure don't have that much and the fed's vaults are empty. I'm a fan of Ron, but he won't be able to do what he says he'll do. And if he wins PM's will skyrocket.

[Econofresh]

@9pt9 It's not just silver for me, it's the history behind them. And no new coin or bullion looks as nice as they do. Just bought 12 victoria crowns today and damn they look great!

[IngeniousElf]

@ whygoldandsilver - Mr. Maloney has stated that IF we were to go back to a gold standard for the dollar it would have to be at LEAST $5,000 an ounce if not greater.

Question: Jim Grant the guy Ron Paul wants to put as Fed Chairman said he would like to put forth a 3 year plan to put us back on the gold standard where gold will be $2500 per ounce. What do you think of that?

Lastly, if we go back to a gold standard what happens to the price of gold/silver before they go back on the standard?

[9pt9]

@Econofresh I'd Sell them now while you can get top dollar on the numis and by regular coins and bullion with the profit!