Guide to Investing in Gold and Silver: Everything You Need to Know to Profit from Precious Metals Now

by Michael Maloney

Book Overview

In this latest guide, Maloney explains how to invest in the lucrative but complex markets of gold and silver. He covers when to get in, how much to invest, and when to get out--guiding readers through the steps of investing in precious metals, with an eye toward reaping great reward.

• Format: Paperback
• Language: English
• ISBN: 0446510998
• ISBN13: 9780446510998
• Release Date: August 2008
• Publisher: Business Plus
• Length: 207 Pages
• Weight: 0.69 lbs.
• Dimensions: 0.7" x 6.3" x 8.9"

Customer Reviews

#1 book on gold and silver investing.

Michael Maloney gives a very insightful historical recount of gold and silver money. He explains how these metals have always prevailed over fiat or paper currencies. Today, not a currency in the world is backed by gold or silver. Understanding and acting on this fact will be one of the greatest financial discoveries you make in your lifetime. This is best precious metals book out there. I have read numerous books on the coming collapse of our Dollar and fiat currencies world over. Mike explains the best ways to invest in the precious metals market. It is both fun to read (not doomey and gloomey) and educational (not difficult to understand). Get it, Read it, and Act on it soon as the early bird will get the best silver and gold prices ;-)

Read this book NOW.

Wait a second. Don't read this book now. First buy all the gold coins or bullion that you can because there isn't any time to waste. Then, read the book and you'll understand why your purchase was so urgent and so wise. As I write this, the spot price for gold is pushing $900 per ounce. I got into gold about $20 ago. Although I already understood a lot of the things this book explains, I had always put the purchase of gold on the back burner because I never really connected all the dots. However, when the current credit crisis happened and the government began talking about a Trillion dollar bailout (of course, it will cost at least 3 times that - it always does), I knew that the unavoidable result would be a devaluation of the dollar. Therefore, in order to preserve the value of my dollars, I transferred them into gold. I THEN read Michael Maloney's book. If I had been able to see the big picture as I now understand it after reading his book, I would have bought gold years ago and been way ahead of the game at this point. However, I don't regret my delayed entry into gold because I now UNDERSTAND that when it comes to the devaluation of our currency and the resulting increase in the price of gold, "we ain't seen nothing yet". So, even if the price of gold is $1,500 or $2,000 per ounce by the time that you read this, buy it anyway because that price is still only the beginning. I am not saying that you are going to profit by owning gold (although you probably will), I am saying this because your dollars MUST continue to decrease in value. If this sounds confusing, don't worry. After you read the book you will completely understand what I am saying. One last thing. This is NOT one of those doomsday books. It is an intelligent, logical presentation of facts which gives YOU the knowledge and tools to come to your own conclusions EVEN when the financial forces that drive the economy change and require a different investment strategy. Once you understand this, you will not need someone else to tell you what to do, you will be able to decide for yourself the best course of action because you will understand what CAUSES things to happen in the economy. It has never been so true that "knowledge is power".

The time is NOW for gold and silver investing!!!!

Mike has made a compelling case that sooner, rather than later, the US Dollar is going to tank and everyone will be running to gold and silver to protect their wealth. The good news is that NOW is the time to get in on both silver and gold- before the HERD of people start rushing in. Mike states that this opportunity coming could be the best investment in history. The book starts off with the history of other empires that have used a fiat currency and how they have failed 100% of the time. The United States has been on this path since Aug, 1971 when President Nixon took us off the gold standard. There are a lot of interesting facts in this book but not too many to bore the reader. He explains that gold and silver will revalue themselves periodically in relation to the amount of paper currency printed. For example, the M3 money supply (total printed money in circulation) was ~$1.7 billion in January, 1980 when gold hit $850 an ounce. Today, the M3 is estimated at $14 trillion, a 7.7 times increase in the amount of currency. With that said, gold, when it adjusts, should be $6,118.00 an ounce... Mike goes into today's current economic climate, then predictions for "tomorrow". He concludes with the final section "How to Invest in Precious Metals". I recommend this book if you are unsure about silver and gold relating to investing. There's so much documentation and research behind it. I've never read an investment book with this much passion put into it!!!

MUST Read if You Want to Protect Your Wealth!

If you don't know why gold and silver are a good investment "Guide to Investing in Gold and Silver" will tell you why they are. Simple to read full of facts about money and currency and history of money and currency. It breaks down complicated economics into fun easy reading. This book gives you the do's and don'ts of investing in precious metals and a clear understanding of why now is the time to invest in gold and silver. If you want to protect your wealth from inflation or build your wealth through gold and silver this book is a must read. A great addition to the Rich Dad library of books!

This is the book I've been searching for.

I became interested in precious metals and economics about a year ago and have been reading and watching everything I could get my hands on. After a while you begin to see that there is a lot of common ground shared between most of the material out there and being new to the "Rich Dad" stuff I wasn't sure what to expect from Mike Maloney (though I did like the series of interviews he did with industry analysis professionals). I was very impressed with the amount of original research and information I found in this book - it covers all the bases from the historical trends and cycles, to the fundamentals of economics and everything in between. Of all the books I've read on the subject this year (about 10 so far) this is by far the best overall coverage and was the most fun to read.