This is the presentation Mike Maloney gave at a private wealth creation group in Puerto Rico. This is the most all-inclusive presentation I have ever seen and heard on this subject; it explains "why" the current global economic debt levels cannot be sustained. All this information is in his book, "Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Everything You Need to Know to Profit from Precious Metals Now" If you want to protect your assets, follow Mike I read Mike's book two years ago and it has quite literally changed my life and my financial well being. Most of the folks I know are terrified of the future. .I look into my safe and see stacks of silver and know that the future is bright indeed..Mike Maloney will be a hero one day. For waking up as many people as he could before the oncoming collapse. To give us all a big chance at surviving and caring for our families during times when all the money we have worked so hard for, suddenly becomes worthless.The central banks will only do and only allow governments to do one thing to reduce the weight of debt, and that is to monetize it. They will never get behind outright default under any circumstance. Their complete existence depends on the people having only one means of trade, and that is a fiat currency. They would rather see a currency become worthless enough that no one can afford to purchase gold and silver. Fractional reserve
Our government is starting to turn on it's people in a last ditch effort to stay in power. This will fail as people turn to the underground and the black market. The coming tax on the sale of gold in amounts as little as $600.00 is going to drive a stake in the heart of all Americans who have tried to hedge against the coming currency collapse. The government now wants all of the money. The family dog has now gone mad and will bite the hand that feeds it. The end is very near, get low soon.
They used to recommend having 10 to 20 percent of your portfolio in precious metals, but now I that figure should be closer 40 to 50 percent. I just don't think the US economy will outgrow inflationary pressures on the dollar relative to the value of gold and silver in the next decade, ie the forseeable future. This will be reflected by poor performance in the equity markets.
Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), talks about the silver backwardation how The Silver Market is very Tight and that it will be reflected on the silver price in the coming months and how undervalued double-digit silver is and reiterate James' target of 400$ silver. The important thing is not how much it has gone up or what the dollar price is, but value. The small amount of physical silver relative to the huge amount of paper silver and even larger amount of paper money means that silver is still hugely undervalued and why to understand the gold and silver markets it is fundamental to know what GATA knows and be familiar with the gold price suppression scheme. How outstanding gold loans and massive paper gold shorts have distorted the market and how this is now unraveling. Finally he explains the tremendous potential in mining stocks and how these have been suppressed too, despite rising gold prices. Given their tiny market capitalization he expects that when the rush comes, they will rise in value very rapidly and outshine even the dotcom bubble.
Bill Murphy & Chris Waltzek - Oct. 19, 2011 : Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), talks about his recent interview with Jesse Ventura about the manipulation in Gold and Silver market and he explains the silver backwardation how The Silver Market is very Tight and that it will be reflected on the silver price in the coming months and how undervalued double-digit silver is and reiterate James' target of 400$ silver. The important thing is not how much it has gone up or what the dollar price is, but value. The small amount of physical silver relative to the huge amount of paper silver and even larger amount of paper money means that silver is still hugely undervalued and why to understand the gold and silver markets it is fundamental to know what GATA knows and be familiar with the gold price suppression scheme. How outstanding gold loans and massive paper gold shorts have distorted the market and how this is now unraveling. Finally he explains the tremendous potential in mining stocks and how these have been suppressed too, despite rising gold prices. Given their tiny market capitalization he expects that when the rush comes, they will rise in value very rapidly and outshine even the dotcom bubble.
Eric Sprott, Financial Sense NewsHour 19 Oct 2011 : The Markets have made gold the de facto reserve currency , there are two markets for silver there is the physical market and there is the paper market and I found it almost ludicrous that when silver was close to 50 dollars an ounce then we would have days between London and China and New York when we trade a billion ounces of paper silver in a day and the world only produces 900 million a year rather than thinking about the guy who is buying it think about the guy who is selling it , somebody hit the sell button to sell a billion ounces of silver and of course without having any possibility of providing none of that silver because it is just not available , the amount that is available today is a million and a half ounces of silver for investment per day meanwhile some guy is selling a billion ounces by hitting a computer key