Fashionista.Com 2016 07 Best-Long-Lasting-Nail-Polish Book Summary: Guide to Investing in Gold and Silver – Written by Michael Maloney

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Book Summary: Guide to Investing in Gold and Silver – Written by Michael Maloney

This is a great educational book about real money. Mike reviews sound money principles that have been followed throughout human history. One thing he’s consistent with is that gold and silver are real money. In today’s world of fiat currency, gold and silver are tools that can be used to preserve and protect wealth. Mike reviews the difference between currency, real money and fiat currency. Fiat currency is basically paper money that is not backed by anything. I will elaborate on why this is dangerous. The average investor should at least understand the importance of devalued currencies and bloated fiat currencies. With the economic crash of 2008 and the bankruptcy of Ireland, Greece and other countries, we small investors need an education to protect ourselves.

why is this important to me?

This is important. Because the greatest wealth transfer is happening now, and that transfer is away from the United States, not toward it. To protect yourself and your family, this should be your priority.

There’s some stuff going on, but 90% of the general public doesn’t really get it. This is understandable because the noise between CNN’s political bobbleheads and Fox News distracts from the real issue. The real problem is this – the Federal Reserve is a private institution that is unregulated and unaudited. They control the financial system. These guys are the quintessential kingmakers running the country in the background.Thomas Jefferson admits he was against the central bank of the United States. You can listen to Ron Paul for more on this subject. He is a member of Congress for Texas and is working on this issue.

From the Internet boom to plummeting home prices, the big swings we’ve seen are a direct result of the Fed. Not many people know this and some people get angry that this is wrong. The Federal Reserve has kept interest rates artificially low, which has created a bloated housing market. The relaxation of debt to capital and financial instruments of mass destruction known as Weapons such as CDOs and MBS have nearly brought the country to its death. We young children need financial education if they want to have a chance. Read this book and open your eyes. One thing that is not talked about in the mainstream media, but is more powerful than terrorism, is: Without the dollar as the world’s reserve currency, our standard of living would drop by at least 25%. It’s already hard for 85% of American families today. Another wealth transfer could drive the final nail into your coffin.

There is a lot of information in Mike’s book. The history of currency depreciation is outlined from all major empires including Persia, Greece, Rome, England and now America. Currency depreciation, inflation and taxation are the thieves of wealth. If your money is a candle, taxes and inflation are flames burning on both ends.

1. Ingenuity – I’m not a pessimist. I believe in the strength and determination of Americans. This does not prevent the fact that we all need to be educated and the only way to change is bottom up. It is the iron horse ingenuity of Americans that will solve our financial problems.

2. Gold and Silver – Gold has been money for over 5,000 years. That her red-haired sister-in-law Silver is also known as her money. Her ratio of the two has historically been 16 to 1. Personally, I’ve seen the spread drop from his 80-to-1 to 30-to-1 last year and back to about 40-to-1. What this means is that for every ounce of gold you get 40 ounces of silver. So for silver she is $35 per run and for gold she is $1,500 per ounce. Now – reality check. Warren Buffett doesn’t invest in gold. If you’ve read the summary of my book, you know I’m a Buffett fan, so take a look at this. If he does, he says he owns a 67-foot cube of gold (height, width, and length). He could brush it, kiss it, and sleep on it. In exchange for the gold cube, he could get half of US farmland, plus seven of his Exxon Mobiles and his $1 trillion in cash. He would rather choose the latter, as I do. Buffett basically claims that gold has no utility. i agree with him The silver on hand is different. Buffett has owned silver in the past, and he may still own it. Silver has utility as it is used in cell phones, computers, smart devices and medical equipment. This is why I like silver as a means of saving.

3. Cash Flow vs. Capital Gains – We don’t want to fall for silly theories and invest in capital gains. In a truly paradoxical fashion, silver is a capital gains investment. Regardless, all investments should be considered with a synergistic approach. This means that you want to expel cash flow by investing, but you also want to increase your savings. Robert Kiyosaki says that savers are losers. Translating this, if you continue to hold the dollar, you will incur losses due to inflation and currency depreciation. So you can keep your savings in silver.

Now let’s talk about holding “real money” as a store of wealth. Note: Get educated. I’m not saying go out and invest in silver or gold today. I’m telling you to get an education. I personally invest in silver and will continue to do so, but it is very volatile and I need to educate myself. , find out for yourself. My goal is to help you with that homework.

1. Mountains of Debt – This book was written in 2007, before the subprime crisis. Still, the United States was buried in mountains of debt. Since then, the money supply has tripled for him by the Fed. Hence, that mountain became Mount Everest. This is what has happened in the last three years and is the reason the dollar hit an all-time low in 2011.

2. Unfunded Debt – Social Security, Medicare, Medicaid…..These unfunded debts and mountains of debt only compound the problem. If you give something to someone and try to take it away, everything goes to hell. See GM. They had to go bankrupt, get a government bailout, and write off all their outstanding debts in order to survive. They are doing pretty well now but the little guy has lost his pension and medical care.Get an education to his friends. Don’t let other people manage your money… The same thing happens to the United States with its outstanding debts. Start planning now.

3. Derivatives – I touched on this before, but the short version is what happened with the subprime meltdown. About 100 people sat in a room and decided to sell MBS (mortgage backed securities) to investors. The thing is, they wrapped the crap, sprayed it with perfume, and sold it as a triple-A rated instrument. Rating agencies and the management of these companies should be prosecuted. What happened was that the leverage was so deep that a 1-2% change in value could wipe out the company. These guys were leveraging billions to make tens of millions. Too many zeros for it to work long term. As we now know, it was not.

In summary, what does this mean? This book and others like it help you take control of your destiny. We recommend keeping his 10% of assets outside the financial system. This means there is no counterparty risk. If you put all your money in a bank and the bank runs on the bank and fails, the bank is the counterparty. Holding physical gold and silver as real money eliminates counterparty risk.

I hope you find this short summary useful. The key to new ideas is to incorporate them into your daily life until it becomes a habit. A habit is formed in just 21 days.

One of the things you can learn from this book is to get an education. Open your eyes and educate yourself for a few minutes a day. you will be happy

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