Guide to investing in silver and gold
If you are considering buying silver bars and coins, there are a few things you need to know first about one of the world's most valuable. Mike Maloney is the author of Guide to Investing in Gold and Silver, part of Robert Kiyosaki's"Rich Dad's Advisors" series of books. Mike is the precious metals. "Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man. INVESTING CIRCUITS MINECRAFT SERVERS Stack Overflow major changes. For instance, you have and drivers is install app version command in. Server Configuration It allows to launch let me folder, or.
Due to its exceptional characteristics as a precious metal , an industrial metal , and a green metal , silver can be an interesting investment for those who want to increase their exposure to precious metals. Investing in silver may come with a little bit of turbulence because the price of silver is much more volatile than that of gold.
That's why silver is sometimes referred to as "gold on steroids" or "gold with a little bit of a rocket attached," as Ole Hansen, Saxo Bank's head of commodity strategy, puts it. Industrial demand: because of its widespread industrial use compared to gold, silver is much more affected by its industrial demand.
Investor demand: much like with industries, demand for silver by investors can move silver prices up or down depending on if investors are looking to buy or sell physical silver. The price of gold: The price of silver often tracks the price of gold. When gold demand goes up and pushes its price higher, silver tends to rise as well. On the other hand, when the gold price drops, the price of silver tends to fall too.
A change in one or more of these factors could be a good predictor of possible future silver price movements. So if you're looking to add silver to your investment portfolio, keeping an eye on these key drivers is always a good idea. Now that you know the basics of silver, how it is used, and how its price is determined, it's time to look at the most popular silver products available.
Because silver ETFs, like gold ETFs, have slightly different drivers, risks, benefits and specificities than physical silver bars and coins, they are best suited to more experienced investors. For most beginner investors, physical products, such as bars and coins, are the most secure and direct way to buy silver. Let's take a look at what's available on the market. Silver bars come in different shapes and sizes including 1 g, 5 g, and g bars. If you want to invest in silver coins, you can buy legal tender coins issued by official mints, including the famous Krugerrand or Britannia silver coins.
In general, physical silver products tend to be less expensive than gold. One of the reasons for this is down to the scarcity of gold :. There is far less gold available in the world than there is silver, and their price difference is primarily due to supply and demand imbalances. So, for example, if we magically discovered a slew of unknown new large gold ores next week, or if gold suddenly became more abundant than silver, gold's price would almost certainly drop, and silver could become the more expensive of the two.
Of course, like with any other investment, it all depends on your goals, investment or savings strategy, and risk appetite. But, in general, there are a few reasons why silver could be an interesting investment:. Want to know more about investing in silver?
Prefer to stick with gold? Return to Book Page. Michael Maloney is widely recognized as a leading expert on monetary history, economics, economic cycles investing, and precious metals. Get A Copy. Kindle Edition , pages. More Details Other Editions 6. All Editions. Friend Reviews. To see what your friends thought of this book, please sign up. Lists with This Book. Community Reviews. Showing Average rating 4. Rating details.
Sort order. Jan 05, Nicholas Yorick rated it liked it. Giant Sales Pitch - SOME Accurate Info This book does bring some interesting perspectives and is certainly correct about some aspects of the financial system, however, some parts are blatantly false with no data to back up major claims. It is clear what the authors true motivation is for writing this book..
The book acts as an educational tool which should le Giant Sales Pitch - SOME Accurate Info This book does bring some interesting perspectives and is certainly correct about some aspects of the financial system, however, some parts are blatantly false with no data to back up major claims. The book acts as an educational tool which should lead the reader to one final destination: goldsilver. Nice way to sell out, Mike.
Great introduction into the history of money and the returning financial crisis that hits our economy every generation. I expacted however more information about the post financial crisis and how gold and silver weathered that. The writer, who is now also a dealer, advertises himself just a bit too often.
Still very interested to explore his website and take my chances on investing in precious metals. Feb 25, Massgreen rated it it was amazing. This book tries to convince its readers that precious metals such as gold and silver are true money, whereas all the "money" that we to call today, be it dollar, pound, yen or whatever, which are printed and backed by governments are actually currencies. Money and currency are very similar in that both are portable, durable, divisible and fungible interchangeable , but money is different from currency for the reason that it's a store of value over a long period of time, but currency isn't.
Why d This book tries to convince its readers that precious metals such as gold and silver are true money, whereas all the "money" that we to call today, be it dollar, pound, yen or whatever, which are printed and backed by governments are actually currencies. Why does currency always lose its value over a long period of time? It's because, as history shows invariably, the creator of the currency always ended up printing unlimited amount of the currency yes, they have no discipline when given such power , causing hyper-inflation and subsequently triggering a loss of faith in the currency.
As people move out of the currency into precious metals by realizing the currency that they are holding can be printed by the authority non-stop which in effect devalues their currency but gold and silver can't be printed, we could see a massive wealth transfer from those who didn't own precious metals to those who had enough foresight to accumulate gold and silver early on. People will rush to buy gold and silver and bid up the price.
The book also criticizes the monetary system that we are forced to live in. In this flawed system, every dollar is borrowed by the government from the Fed into existence. To pay back the principal plus interest, the government has no choice but to borrow even more from the Fed, forming this vicious cycle. This is one reason we see that national debt keeps increasing because it's mathematically impossible to pay off all debt!
It's surprising that the Fed is actually not a government agency, but a privately owned bank that has stockholders to whom it pays six percent annual dividends! But at the very least we know that this is not only a flawed system but a selfish and immoral one, or to use Mike's own words, Our entire monetary system is nothing but a form of legalized theft.
But why is creating currency so bad? Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar. But where did that purchasing power come from? It was secretly stolen from the dollars you hold. As each new dollar enters circulation it devalues all the other dollars in existence because there are now more dollars chasing the same amount of goods and services. With these knowledge, we could understand that the uptrend of the Dow is an illusion because the Fed has pumped so many more dollars into the currency supply that in the long term the price of Dow has to go up!
If we however measure the Dow against tangible assets like gold, oil, steel, grains and sugar, we could see that the Dow's value is actually plunging. We have to protect ourselves from the debasement of fiat currencies all over the world, and the solution according to Mike is to own real money, i.
Mike has made a case for gold and silver being dirt cheap right now as they haven't revalued themselves fully to account for all the massive currency expansions by the governments. And of the two precious metals, silver is ridiculously cheaper given the exchange rate between the two is now historical average is about , i. Gold and silver are not only wealth insurance that has been proven over thousands of years, but also the best-performing investment in today's context as Mike believes that we could either see the total demise of fiat currencies or a full revaluation of gold and silver very soon.
Whichever the case, we should know by now what to do - establish some physical gold and silver position in our portfolio. But does that mean we have to allocate all our currency into buying gold and silver? I certainly think not. The revaluation could take place in one week from now, it could be 50 years later, or it could be years later, who knows? But what we do know is we only have several decades more to live. So I think it's never a good idea to "all-in" even if the reasons are very compelling.
Lastly, I want to thank Mike for this amazing book and his efforts in creating all the educational videos on Youtube especially the "Hidden Secrets of Money" series! Dec 23, Robert James rated it it was amazing. Really am a Fan of Mike's work in general and this book did not disappoint.
Real life wisdom in this and will be picking up a hardcopy one day. Jul 31, Jeff Dale rated it really liked it. Overall a good read with a historical perspective on gold and silver, and how they relate to the economy. I recommend it if you have an interest in PM investing but have no knowledge regarding the subject. A good starting point. View 1 comment.
Dec 30, Nathik rated it really liked it Shelves: economics , non-fiction , If you can ignore the not-so-subtle sales pitch to his investment website, this is a pretty good educational book. But the real problem with them is that most of what they say is true. We live in a fraudulent financial system which is designed by the bankers, for the bankers and of the bankers.
Economist always obfuscate simple terms with technical jargons. But the book really succeeds in breaking down those jargons in simple term for the average reader. Precious metal has got a bad PR in the mainstream media. Maloney presents a good case for Gold and Silver. Here are some interesting facts which I learned. Silver is yet to surpass the all-time high price in And has strict control over exporting gold.
I was not surprised learn to the author has invested significantly in Bitcoin. Overall this is a good primer for investing in precious metal. May 20, Akshay S rated it really liked it. This book is a must try. It depends on you wether you want to implement or deny the facts.
Obviously, he has tried to advertise his business, its upto us whether to visit or not. What has changed after reading this? Well, first of all, my perspective towards money and currency has completely changed. This book could be my base point, from where i This book is a must try. This book could be my base point, from where i would look at economy or my future studies of money and would try to relate in general.
It could have been lot better if he had taken consideration of asian countries to his context. Because we could really relate to it. But at the end of day we are talking about gold and silver which is similar to every nations in the world. Jul 22, James Wakeling rated it it was amazing.
Absolutely superb. This book is incredibly important and relevant right now, in an era of reckless fiat currency printing within a global financial system that is warping under extreme pressure. Everyone should read this book, which should be titled something l Absolutely superb.
Jun 24, Oleksandr rated it it was amazing. Investing in gold and silver Great book for understanding gold and silver as investment. Book has 4 parts to it. Part 1 history of money Part 2 current money situation Part 3 future of money Part 4 what to look out for when investing in gold and silver and how to invest in gold and silver.
It a fantastic book to read and to understand. Mike Maloney educational video on YouTube titled " the hidden secrets of money" is a great way to understand about money why investing in gold and silver is important Investing in gold and silver Great book for understanding gold and silver as investment. Mike Maloney educational video on YouTube titled " the hidden secrets of money" is a great way to understand about money why investing in gold and silver is important.
Dec 13, Adam rated it it was amazing. I learned so much from this book. You learn how central banks rigs the system and how to protect yourself from their wealth theft. Surprisingly, the book doesn't recommend buying silver and gold at certain times. It's more of a book of how to obtain wealth in general, not just obtain wealth through gold and silver. Although it does a good job of explaining that too. This book was written in , with a few update notes in each chapter for
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