We've all scoffed at the thought of $2,000 gold in the past. (I can remember people on a certain Motley Fool discussion board saying gold would never cross the $1,000 line.) But what do you say to the thought - the possibility - that gold might one day be priced at $20,000 per ounce?
How would it get there from here?
Even if you don't believe in $20,000 an ounce gold, but you feel something "just isn't right in the world economy", you will want to watch this video to learn what is happening to world markets in stocks, bonds, real estate and other cyclical assets
Mike Maloney, founder of Goldsilver.com, and the writer of a definitive book on gold & silver investing, Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future, gives one of the very best 90 minute seminars - with accompanying screen shots of graphs, diagrams and photos which make his concise, brilliant talk come alive.
Not only is Maloney one of the best speakers on gold, silver, money and currency in the world, he also knows the history of gold, silver, manias, stock markets, the Federal Reserve and a dozen more macro-economic topics which he covers very well in only 1 1/2 hours.
And now, grab a cup of tea or java. Find a comfy seat. Sit and watch this video without any interruptions. Just absorb it like a sponge. You might know a lot of what Maloney covers, but its those historical tidbits about past crashes, government debt, government crisis, etc., which will make you admire the man and his thesis all the more.
After viewing this, you will feel like gold will definitely blow past the $2,000 an ounce mark even if $20,000 might be a stretch. But as Mike stresses, silver is an even better buy at this time in history. And he explains why in a way which shows how silver could outsprint gold for future returns.
Once you've seen this video, be sure to share it with your family and friends:
Showing posts with label Great Depression. Show all posts
Showing posts with label Great Depression. Show all posts
16 August 2012
16 July 2011
05 July 2011
10 June 2011
24 August 2010
Business/Economic/Housing/Layoff News for August 24, 2010
7:06 AM EST - Stock futures drop on global economic worries; traders brace for weak housing report.
Hussman: Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar
Leaked Documents Provide Glimpse Behind Baseball’s Financial Curtain
15-year high for the Japanese yen
Mish: Dissent at the Fed, 7 of 17 Express Reservations about QE; Appeals Court Refuses Fed's Motion to Dismiss Bloomberg's Freedom of Information Request
First Time Ever: Pay TV Subscribers In The US DecreaseGreat Recession, Great Depression
Zero Hedge: Mapping The Tipping Points
Zero Hedge: How Hyperinflation Will Happen
Mogambo Guru: "Inflation Follows The Stimulus Boom"
The Fed Can Create Money, Not Confidence
Barry Ritzholz Video - Are We In An Economic Purgatory?
Sign of Trouble? Bankers Pitch 100 Year Bonds
Bond Funds Attracting Cash Like Stocks During Dot-Com Boom: Credit Markets
The End of Management - Corporate bureaucracy is becoming obsolete. Why managers should act like venture capitalists
WSJ: Facing Budget Gaps, Cities Sell Parking, Airports, Zoo
Wikipedia entry on "Quantitative Easing"
How to protect your money during deflation
Der Spiegel: On The Way Down - The Erosion Of America's Middle Class
Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans
Credit Card Rates Fly Through The RoofThe Age of Nations is Over. The New Urban Age has Begun.
Boarded-up Tuscon, Arizona complex excels now in a sorry way - decay
The Housing-Market Diagnosis: Still Weak
15 Signs The U.S. Housing Market Is Headed For Complete And Total CollapseHenry Blodgett - Now They Tell Us: Experts Say Housing Is A Lousy Investment And Always Will Be (video included)
The U.S. Housing Fetish Hurts the American Dream
Homeowner confidence in real estate market dips
Mish:Commercial Real Estate Foreclosures to Hit Chicago "Loop", First Since 1999; Big Wave of Commercial Foreclosures, Bank Failures Coming
What to Do With a $7.6 Million Home? Tear It Down!
Even high-end properties can't escape foreclosure wave in Palm Beach County
Sacramento Wastewater Plant Upgrade Would Cost 390 Jobs Per Year
Canadian Pacific Railway Plans To Announce Job Layoffs In The Next Two Weeks
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