This is a short portion of the entire video from Mike Maloney of GoldSilver.com Subscribers to Mike Maloney Insiders can see the whole video here: https://goldsilver.com/blog/2016-insiders-wrap-analysis-of-impending-opportunities/?utm_source=youtube&utm_medium=card&utm_campaign=insidersneakpeak
In his extended Insider’s video, Mike provides the most in-depth round up and technical analysis he has done all year. You’ll see the big picture: all the reasons Mike is still buying gold and silver, how Silk Road countries are impacting demand, and what precious metals investors can expect in 2017 and beyond. Mike also provides a full wrap-up of the Commitment of Traders (COT) reports and Fibonacci analysis to look for any indication of support in gold and silver prices. Hint: Mike sees big buying opportunities coming up.
Be sure to check out Mike’s Hidden Secrets of Money website at https://www.hiddensecretsofmoney.com/. Mike Maloney’s goal for this educational series of videos is to explain and teach in an easy to understand way why you should be investing in gold and silver. In these videos Mike breaks it down to easy-to-follow analogies, real pages from history, and animations that tie it all together.
Mile is the bestselling author of the Guide to Investing in Gold & Silver.
Mike Maloney was also Robert Kiyosaki’s precious metals expert in the Rich Dad series. His own book in the Rich Dad Series is called: As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.
Listen to the Precious Metals Investing podcast. You can find it on both iTunes and Google Play Music for android users.
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Mike Maloney is also the founder of GoldSilver.com which was one of the first websites ever to sell bullion online.
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14 thoughts on “Silver Buying Opportunities Ahead – Mike Maloney”
I'm just little conserned about all this. If they can manipulate our monetary system, what would have prevented them from manipulating the monetary system so far, that they could've bought shitload of gold when the prices were low, stayed quiet about all that , hid it and make it seem like there were a lot less gold, which would've eventually lead to higher gold prices? Manipulating the possibility for real money with real value.
Hey Mike, thnx for this analysis and everything else you produced to inform about money and currency.
But I was wondering why you put in those Fibonacci lines?
I know about Fibonacci but what do they have to do with this?
Anyway, keep up the good work! Much appreciated!!
Gold and silver are related to the bond markets so now with rising rates lot of money from the bond markets will go into gold and silver and some to cryptos too I guess. The commodity market will also start to rise
Yeh yeh yeh….ok if u say so…
You bought silver at 17.. Then it went down again….
Did you predict silver would go to the price it is now..
Why bitcoin is a superior form of currency and money than gold/silver.
We can agree that the current worldwide system of a centrally bank controlled currency, the fiat currency, is doomed to fail, be that the Yen, Yuan, Euro, USD, Venezuelan Bolivar, etc. Those of us aware of this are scrambling to find the alternative particularly after 2008. After watching Mike Maloney videos I am noticing we are divided into two camps. There are those who think we should go back to using the gold standard like Ron Paul, and even better, just plain old physical gold and silver coins as currency and on the other side, the crypto-technocrats like me who are capable of understanding the potential of cryptography and P2P networks in how they can save us and solve this problem. I can see that the gold bugs are very correct in their understanding of the global financial problem and that they can see the eventual implosion of the global economic catastrophe of finance and monetary supply. I for once supremely enjoyed Mike Maloney’s videos in this regard.
So I want to make a sales pitch to the gold bugs like Mike and Ron and invite them to seriously consider bitcoin as better currency AND store of value than gold and silver:
– Gold (and more so silver), has an intrinsic value of utility. Its scarcity or supply might be affected by its uses other than currency, like in jewelry, electronics, etc. Bitcoin being totally virtual cannot have any other use except as currency.
– The amount of gold on Earth in existence is not known. A huge mine, or cache might be discovered that completely overwhelms the supply and shocks the proposed monetary system based on gold because it will immediately cause inflation by the excess of discovered gold. (That actually happened when Spain discovered all the new gold and silver mines in America).
– Gold can be artificially manufactured. Granted, currently it is an extremely expensive exercise but IT IS possible. Who knows, tech can develop to make the process simple, even trivial. Excess bitcoins cannot be artificially created. It is mathematically impossible.
– Gold and silver is completely divisible, but requires exact measurements for practical use (fine scales, etc) so at tiny amounts a certification from a central and trusted authority is a practical necessity. This, needless to say introduces a lot of problems. Divisibility in bitcoin is trivial in comparison, since it is simply digital. One can divide bitcoin to 10 decimal places right now. Mathematically of course, bitcoin could be divided to infinity.
– Gold is portable, but it nowhere compares to the portability of bitcoin. Bitcoin can be moved by the billions, walking across the border or sent via SMS, just by memorizing a series of words. Try traveling to the US or anywhere with 10 gold coins.
– Gold is a store of value like bitcoin. But the costs of storing gold goes up as more gold is physically stored, either personally like in home or through a third party (yikes). Again storing billions of dollars worth in bitcoin is trivial – likewise just memorize a series of words and presto.
– Gold is currently held in reserve by many countries, and are in fact increasing alarmingly their reserves in this right now, where as bitcoin is practically being ignored by these very same countries. This gives bitcoin an additionally huge potential for increasing in value as a reserve currency. The minute a country say, Iceland, adopts bitcoin as a reserve currency (not even day to day national currency), its price is going to explode exponentially. Not so with gold.
– The higher the price of gold goes up, more resources will be naturally spent in mining gold and more gold will be physically extracted and put in circulation. This logically lowers the expectation in gold as a store of value. This cannot happen in bitcoin no matter how much money is spent in mining it, because the supply is rigidly fixed. Miners in bitcoin only compete between each other and the supply is always known.
– Authenticating gold requires either a central authority to do so (minting), or having your own touchstone or chemical analysis kit, which in practice is very burdensome. Authenticating bitcoins is trivial in comparison, just have a full node running in your computer.
Some possible “downsides” of bitcoins compared to gold to consider:
– Bitcoin requires knowledge of the protocol, storing of passwords, a secure computer, etc, which is very complicated. Actually not. Depending on the amount of bitcoin you wish to “store” it can be very simple. Just inform yourself a bit and storing bitcoins becomes many magnitudes safer than storing physical gold or silver.
– Bitcoin requires an Internet or alternative P2P network to operate, where as gold does not. But think about this for a second. If the world goes into a dark age where the INTERNET is gone, we are done already as a civilization anyway. In that case better hoard guns and munition (and even medical supplies) than gold.
– The blockchain could be undermined by a superiorly hardware armed and determined attacker like the NSA, or China or some other totalitarian government. There are many ways to counter this, including the use of checkpoints in the blockchain, isolating bad actors from the network, etc.
– Governments will simply ban cryptocurrencies. They can (and have and will), but in the face of the alternative (hyperinflation, bad monetary choices, outrageous bank bailouts), ordinary people will still resort to using bitcoin as a currency. Bitcoin not having a central point of censorship or control cannot be stopped. You only need to see that the P2P BitTorrent protocol to see this is true. (unless we have totalitarian regimen like North Korea, in which case, the argument becomes moot, massive rebellion is in order instead). Besides it is easier for totalitarian governments (and even not so outright repressive ones like India) to confiscate gold than to “confiscate” bitcoins!
I am of course open to more cons (or pros) of bitcoins if any.
Do you think the price can go below 1050?
you didnt predict anything, you are fooled by randomness
Hi Mike what's your view on BitCoin?
FLAT EARTH!!! You cannot eat MONEY!!!
Thank you Mike for all your information – been a fan for quite some time. Have a question – Watched a video with Karen Hudes and heard her state that there is 170,000 tons of gold in Hawaii which is more than the entire supply of gold in the world. She feels that gold is a insurance purchase and not a investment purchase. She believes that once this supply is noted or exposed in the future that we will not have the deficit as noted now and will prevent the price of gold to skyrock. She stated that this gold supply in Hawaii is not widely known. What are your thoughts of having that much gold hidden and will it play a different effect to your predictions. She also stated that with all the whistle blowers coming forth that this transition of getting away from a fiat currency will not be the huge crash as some noted like yourself. Again your thoughts