Monday, September 23, 2013

$2,000 or $5,000 Gold is Absurdly Low

Mike Maloney of says our monetary system is doomed. Maloney contends, "It's a 100% failure rate. No fiat currency has ever survived, now all of them are fiat. So, this shift will be the most dramatic in world monetary history. It's going to be the world's greatest wealth transfer in history. Therefore, it's the greatest opportunity in history." So, how high will gold go? Maloney says, "The more you study it, predictions of $2,000 or $5,000 gold becomes absurd. It's absurdly low."

- Source, USA Watchdog:

Friday, September 20, 2013

Gold and Silver Come with a Central Bank Guarantee

My book was written from 2005 through 2007. In it I said there would first be the threat of deflation (this came true in the crisis of 2008) to which Ben Bernanke would overreact with a helicopter drop (this came true with the bailouts and QEs) which would cause an inflation (this came true when the stock markets and real estate reflated.) Next there will be a real deflation… a contraction of the currency supply. This will happen when the credit/debt/bond/fiat currency bubble and the derivatives bubble begin to implode. The reaction of the world’s central banks will be to print until deflation gives way. I believe this will cause a hyperinflation. A hyperinflation doesn't require a nation to print its currency into oblivion… it only requires a loss of faith.

- Source, Mike Maloney's Top Ten Reasons to Own Gold and Silver:

Wednesday, September 18, 2013

New World Monetary System

I am a firm believer that everything happens in waves and cycles. So when I started writing my book back in 2005 I entered every financial crisis that I could identify into a spreadsheet, starting from the beginning of the USA, looking for a cycle, and something very dramatic stuck out at me. I had discovered that every 30-40 years the world has an entirely new monetary system.

From that day till now I have been telling as many people as I could that before the end of this decade (before 2020) there will be an emergency meeting of the G-20 finance ministers (or something like that) to hash out a new world monetary system. It’s normal. No man made monetary system can possibly account for all of the forces in the free market. They get old… they develop stress cracks… then they implode.

We have had four different monetary systems in the past 100-years. The system we are on today is the U.S. dollar standard. It is an ageing system that is way overdue for its own demise. It is now developing stress cracks, and will one day implode. Like I said, it’s normal.

But what is different this time around is that the last three transitions were baby-steps from full gold backing, to partial gold backing, to less gold backing, to no gold backing. In each of these transitions the system we were transitioning from had a component that could never fail… gold. This time we will be transitioning from a system based on something that always fails… fiat currencies. The key component to this transition from the U.S. dollar standard to some new standard is of course the U.S. dollar. By the time the emergency meeting takes place the U.S. dollar will be in the final stages of the terminal condition known as fiat failure.

But the U.S. dollar represents more than half of the value of all the world’s currency. A dollar crisis would cast doubts on all fiat currencies, and the cascading effect of loss of faith could cause the rest of them to fall like dominos. The central bankers will try everything they can think of to keep the fiat game going, but when everything they try fails they’ll look around and say, “What worked before.” And once again the pendulum will swing back to quality money.

The only beneficiaries of this event will be gold and silver, and those who own them.

- Source, Mike Maloney's Top Ten Reasons to Own Gold and Silver:

Monday, September 16, 2013

One World Currency

We've had a huge amount of debate on our website this week about what kind of monetary system is coming next. After watching Episode 2, the most common question from viewers ran along these lines, ‘Ok, so I can see that we are overdue for a new system and that this one is bound to fail – but what comes next?’

Episode 3 of Hidden Secrets Of Money addresses these concerns, but for now I thought I’d post some footage from a Q&A session after one of Mike’s presentations. He had just made a keynote speech at a Casey Research Summit in Arizona when he was asked by an audience member whether the U.S. Dollar was losing its reserve status. Many folks at the Summit had also been asking about a supposed ‘One World Currency’, Mike’s answer combines the two topics and drives home the fact that not only are gold and silver the ultimate money – they represent freedom and independence.

- Source, Gold

Saturday, September 14, 2013

The Current State of the Global Economy

In my book, Guide to Investing in Gold and Silver, and in Hidden Secrets of Money, I show how societies have swung back and forth from quality money to quantity currency. Originally, quantity currency took the form of debased coinage (gold or silver money that has been diluted by adding cheap and abundant base metals such as copper). Then it took the deceptive form of national currencies that were initially backed by money, IE: claim checks on gold and/or silver. Once these were established, governments then could change the laws, basically making fraud legal, so they could print claim checks on gold that didn't exist. The next step was to sever the connection between money and currencies entirely.

Back when we used real money, gold would automatically balance all economies. When one country experienced an economic boom, they would import cheap goods from countries with depressed economies and lower wage rates. The outflows of gold from the boom country would cause a deflation, cooling the economy, while the countries experiencing gold inflows would boom, causing their labor rates to increase, which in turn would cause the prices of their goods to rise. This meant that trade imbalances would always automatically rebalance. Government spending was also constrained. If a government wanted to spend more than its income (deficit spending) it had to borrow gold from the private sector. If the government borrowed too much it would cause interest rates to rise, which in turn would slow the economy, which in turn would cause tax revenues to fall, which meant less income for the government, which in turn would cause the government to cut spending.

But the debt based global monetary system has allowed deficit spending, trade imbalances, and bubbles to persist and balloon to levels unprecedented in all of history. We are in completely uncharted territory. The credit/debt bubble and the derivatives bubble threaten to take down the world economy. The only comparison you could make is to take every great bubble in history times one million and have it burst everywhere on the planet simultaneously… It threatens to be a global financial nuclear holocaust the only financial survivors of which will be the owners of gold and silver.

- Source, Mike Maloney via Top Ten Reasons I Buy Gold and Silver:

Thursday, September 12, 2013

Fiat Currencies Always Fail

99.9% of the world’s population is unaware that we no longer use money… we use “fiat” national currencies. What is a fiat currency? Fiat currencies are faith based. They are national currencies that are not backed by anything of value like gold, instead the government just declares that they have value and, as long as the people keep believing, they accept it… for a while. But here’s the thing, there have been thousands upon thousands of fiat currencies throughout history, and they have all failed… 100%... no exceptions.

But there is a vast difference this time around. Since 1971, for the very first time in history, all of the world’s currencies are fiat currencies simultaneously.

- Source, Mike Maloney via Gold

Tuesday, September 10, 2013

Decades of Economic Manipulation

As I have said many times before, the economic crisis of 2008 was only a speed bump on the way to the main event. I believe that before the end of this decade there will be an economic crisis so historic that it will eclipse the crash of 29 and the subsequent great depression. I also believe it is both unavoidable and inevitable, because it is merely the free market releasing the stored up energy from decades of economic manipulation. Yes… bad things are going to happen, but it could be the best thing that ever happened to you.

- Source, Mike Maloney:

Friday, September 6, 2013

Getting Started With Gold and Silver

If you're new to Gold & Silver investing, getting started can be very intimidating and with all the noise out there it can be downright confusing. It's hard to know who to trust and where to begin.

At GoldSilver we believe that knowledge is your most important investment and our mission is to educate as many people as possible. That's why we are so excited to release our Getting Started Guide. You'll learn all the basics of gold and silver investing in a easy-to-understand way.

Helping you achieve financial freedom is our goal. We only ask, if you find this guide of value, that you pay it forward and share this valuable resource with those you care about.

Now go forth and get started...

- Source, Mike Maloney's Gold, Get the guide here:

Wednesday, September 4, 2013

Mike Maloney's 2005 Warnings Come True

In this recently unearthed archive footage shot at the Silver Summit in September 2005, Mike Maloney correctly explains the impending housing crisis, the trend in precious metals, and what to expect moving into 2006 and beyond.

- Source:

Monday, September 2, 2013

COMEX Smoking Gun

Grant Williams of Vulpes Asset Management joins CEO Michael Maloney to connect the dots on what may be some of the most important events of the last few years.

- Source, Gold