Friday, October 22, 2010

Review of Guide to Investing in Gold and Silver - Michael Maloney

By Tony Measles
I recently finished reading Mike Maloney's "Guide to Investing in Gold and Silver". Since 2005 Michael Maloney has been Robert Kiyosaki's advisor on investing in precious metals. Mike is not only a very smart person; he is a smart person who understands what is shaping our economy and really cares about how it will affect the middle class. His passion and concern for the average American comes through loud and clear. Reading this book has been a life changing experience.

In this book Mike outlines the history of money, currency and the boom and bust cycles which all currencies go through. He starts with the first currency crash which occurred way back in ancient Greece in the year 680 B.C. From there he gives several historical examples which all prove the same thing, currencies are not real money and they are often used by governments to exploit the value of their citizens' hard labor. Throughout the ages many things have been used as currency including livestock, spices, grain and paper, but only two things have always been real money, gold and silver.

Mike Maloney gives the uninitiated a useful education in the history of economic cycles, how the U.S. government is diluting our money supply and devaluing our currency for it's own benefit and why precious metals are one of the most profitable, easy and safe investments you can make right now. To my surprise I found that although everything Mike says is supported with facts, figures, charts and graphs, the book reads like a mystery novel and I just wanted to keep turning the pages.

The impact of this book lies in its simple yet detailed explanations of how to understand the true value of the Dow when compared to commodities, real estate and precious metals, how to tell where we are in the boom and bust cycles of each and more importantly how you can easily profit from that knowledge.

In times of financial upheaval wealth does not disappear; it just transfers from one group to another. In previous cycles the big players, the banks and the ultra wealthy have benefited. In this economic cycle, wealth will be transferred from the uneducated to the well informed. Right now you can choose to inform yourself and move to the receiving side of the greatest wealth transfer in the history of mankind.

This book contains the kind of financial knowledge that is not taught in our schools. If you fail to educate yourself, what you don't know will hurt you. This book can make a real difference in your future.

I have been fortunate enough to associate myself with a group of well educated investors who have opened my eyes to the possibilities of making good profits during times of financial difficulty. It was my privilege to personally meet Michael Maloney, Peter Schiff, G. Edward Griffin and Marc Bruner at the last conference our investors group held.

I would encourage you to do everything within your power to also associate yourself with a group of knowledgeable investors who are willing to share their experience with you. It is a true statement that wealth rubs off. Spend your time with people who have what you want. Read books like this one that are written by the people who are doing what you want to do.

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