Guide To Investing in Gold & Silver: Protect Your Financial Future Paperback – September 15, 2015

Great content. Well structured book. This book is a must read for anyone wanting to understand the history and value of money, as well as the relevance of gold & silver in the financial markets. Every new investor should read this book. Mike does a great job. The title does not do justice to the essence of this book.

If you are looking for a book that provides an overview of the history of gold and silver with well-supported research and economic data (including helpful explanatory graphs and charts), this is the book!

Mike Maloney knows the long history of gold and silver as real money and the long history of fiat currency as fleeting, inevitably worthless paper. Thankfully, he has shared it with the broader public in his outstanding books and videos. Read this book, friends. Watch his documentary series on gold and silver. Then protect yourself and your family against the coming economic meltdown by buying and safekeeping precious metals.

Strong arguments on why to invest in gold & silver, but weak information on how to successfully invest in them.Author does a great job throughout the book describing why and when we should invest in gold & silver, particularly American gold and Silver Eagles. However, there is very little information on how to get the best deals on bullion. There is no mention of investing/trading in gold or silver streamers such as Silver Wheaton or Royal Gold, which would help to eliminate the US 28% collectors tax. No mention of investing/trading in funds that are based on actual metals such as Sprott Physical Bullion Trusts that could also help to eliminate the 28% collectors tax if held for more than one year. No mention of owning metals overseas in the Perth Mint. No mention of other precious metals, such as platinum or palladium.No mention of purchasing gold coins from large banks overseas where the premium paid over spot may be minimal.I disagree with the author's opinion to avoid purchasing pre-1964 US junk silver coins, which can usually be acquired for only a slight premium to the spot value of silver, versus the 10-20% you may have to pay for freshly minted American gold and silver Eagles.I also disagree with his total dismissal of using technical analysis, which can be a useful tool for people trading in metals to help them recognize when the metals appear overbought or oversold, and enter and exit trades. The author talks about the importance of recognizing cycles in the market, but then completely dismisses technical analysis which can be used to help determine where we may be in these cycles.Bottom line, good book with historical examples to help convince beginning investors on the utility of owning precious metals, but very little here for even moderately sophisticated investors in precious metals. Also, this book already needs to be updated to reflect new precious metals investment vehicles and how to optimize your returns using them. Should also cover new laws under Obamacare that require sellers of gold and silver to report information about purchases > $10,000. It also requires them to report all purchases from individuals greater than $600, and for everyone to keep receipts of these purchases indefinitely for tax purposes. [...]

I extremely recommend this book, however my opinion is biased beacause I am a numbers' guy.Mike Maloney outlines an iron-clad argument as to why everybody should own some precious metals as an investment, but also as an insurance policy. Mike is not biased towards precious metals investing, he is a cycles investor. He believes that sometime this decade there will come a time to sell your precious metals & buy other types of investments instead. Historically, gold bull markets have always lasted for 12-20 years. We are currently 10 years into ours. The main indicator that Mike looks for when this bull market ends is the gold to DOW ratio. Currently it is around 9 & he thinks that it could overshoot past 1 & make a new record of 0.5. The last bottom occurred in 1980 at 1 & the one before that was around 1943 at 2. There are other indicators to look at as well. The trick, according to Mike, is to sell an asset once it reaches the price peak & then take that money & buy the most undervalued asset/investment vehicle that is around at that time. Then that asset will move into its bull market. He believes that this is the holy grail to wealth creation.The other critical point that Mike makes is that the US dollar is in serious trouble now because of the mammoth money printing (including electronic) that the federal reserve has commenced since the global financial crisis. This situation could be exacerbated by future budget deficits which may require further money printing, if investor demand for treasury bonds is lacking. Since 15 Aug 1971, the US money supply has been growing exponentially, then since 2000 it started growing logarithmically. Today, since October 2008 the US money supply (base money) has shot up like a rocket. In the 5 month period starting in October 2008, the federal reserve increased the money supply by approximately 120%. This means that it is probable that there will be hyperinflation in the US this decade & because approximately 72% of the global currency supply is US dollars (because of its use in international trade) this means that if US hyperinflation occurs it will be worldwide. Mike argues that precious metal prices could sky rocket & make massive gains in purchasing power & that a massive wealth transfer could occur from those who own cash & treasury/corporate bonds to those who own precious metals. Mike also argues that precious metals could be restored back to real money. During hyperinflation in Zimbabwe, people panned for gold in rivers to buy food.Just for some fuel for thought, Nostradamus made some predictions about gold & silver:1. More than eleven times the moon will not want the sun, both raised & lowered to a degree. Put so low that one will sew little gold. After famine & plague the secret will be discovered.2. The copies of gold & silver inflated which after the theft were thrown into the lake. At their discovery all is exhausted & dissipated by the debt. All scrips & bonds will be wiped out.3. Treasure is placed in a temple by Western citizens, withdrawn therein to a secret place. The temple to open by hungry bonds, recaptured, ravished, a terrible prey in the midst.The first quatrain could refer to a silver to gold price ratio of 11:1 (Mike advocates that the logical ratio will go to 10:1) & diminished production in precious metals. The second could refer to hyperinflation & the gold & silver price manipulation by central banks & private financial institutions & the third may be about a robbery of Fort Knox or some other fortified building where precious metals are secured.Please buy the book, it is a wealth of information in regards to monetary history & precious metals investing. Precious metals is an obscure topic that will most likely become mainstream this decade. Thanks Mike.

Awesome book. Info all should have.