Guide To Investing in Gold & Silver: Protect Your Financial Future

Excellent book on financial systems. Requires some efforts to understand but it all worth it.

This book is very useful and full of valuable information.

I read this book(including cover page first word to last page last word).

If you can ignore the not-so-subtle sales pitch to his investment website, this is a pretty good educational book. Michael Maloney is “Gold bug” and the problem with “Gold bugs” is that they sound like borderline conspiracy theorist; some certainly are. 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.This is more of an educational/history book than a guide to investing on precious metal. 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. People often vilify precious metal saying it doesn’t earn dividend, incurs storage cost and boring form of investment. Maloney presents a good case for Gold and Silver.I was surprise to learn on the level of manipulation of gold and silver price in the market due to Gold/Silver leasing and some ETFs charge money for storage fees without actually backing physical asset.Here are some interesting facts which I learned.• Gold reserves will be exhausted in 30 years and Silver will be exhausted in 25 years.• Silver is much scarcer than gold. Silver is yet to surpass the all-time high price in 1980.• If you are planning to invest in Gold and Silver using dollar-cost average, you can use gold/silver ratio to decide which one to buy.• Unlike gold, silver has got good industrial utility and hence its scarcity will play a big role in the future.• China is both the largest producer and the biggest importer of gold. And has strict control over exporting gold.Although Maloney’s criticism on the current monetary system is aimed at presenting gold as an alternative money, the case seems to be better fitted for Bitcoin (not crypto) which combines technology and scarcity with a mathematical precision. I was not surprised learn to the author has invested significantly in Bitcoin. Overall this is a good primer for investing in precious metal.

The best book i hv ever read

Loved the book ... extremely complicated concepts explained in very simle languageAs i said a must read across the classes

The best investment you can make, in your lifetime is your financial education.- Mike Maloney

Eye opener