World Famous Comics: Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future (Rich Dad's Advisors)
Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future (Rich Dad's Advisors)
By: Michael Maloney Publisher: Business Plus Average Rating: Binding: Paperback Label: Business Plus Number of Items: 1 Number of Pages: 240 Publication Date: August 28, 2008
Product Description: "Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you." --Michael Maloney, precious metals investment expert and historian; founder and principal, Gold & Silver, Inc.
The Advanced Guide to Investing Gold and Silver tells readers:
The essential history of economic cycles that make gold and silver the ultimate monetary standard.
How the U.S. government is driving inflation by diluting our money supply and weakening our purchasing power
Why precious metals are one of the most profitable, easiest, and safest investments you can make
Where, when, and how to invest your money and realize maximum returns, no matter what the economy's state
Essential advice on avoiding the middleman and taking control of your financial destiny by making your investments directly.
You can't afford not to read it I purchased this book to learn about investing in gold and silver. What I got was a whole lot more. This fast read gives great insights into how our economy is no more secure than a house of cards. The author demonstrates where our economy is headed and how we can gain wealth rather than endure looming financial disaster. Oh yes, the book tells you about the different ways to purchase and hold precious metals. He also discusses the benefits and pitfalls of each method. If you are looking for a technical summary of exactly how to do it, this isn't the book for you. It is, however, a real wake-up call for America. I'm purchasing several copies for my family, friends and business assoicates.
Rich Dad Poor Dad I have read several of the "Rich Dad Poor Dad" books, and have been enlighten with the information that was provided, and it has helped me personally deal with my financial issues. Plus, seeing my future is very different after reading these books.
Some good some bad This book caught my eye prior to boarding a plane. I suppose it was launched at a time when gold and silver were making record highs and these precious metals seemed extremely attractive to the everyday investor.
I found the initial history lesson interesting but a little drawn out.
I have read most of Kiyosaki and his advisor books and after a while they all seem to sound the same. This one was more interesting but Maloney obviously felt obliged to laud Kiyosaki's other books as totally amazing and the best books he has read. I find this difficult to believe. He is a learned gent and has read many quality books on The Fed etc. so I found this a bit irritating.
I read this book after the financial crisis had already unfolded but Maloney predicted it (or something similar) with eery truth around pg. 112. In a nutshell the book says that the only true currency is gold and silver and the cash (the dollar) is just a fiat currency, in the more can be printed. In times of distress people flock to precious metals and these prices go crazy. That hasn't quite happened during this crisis so it's not that simple. I flew through this book and it is easy reading but I finished it feeling less convinced than many other readers here. The great website reference at the back pushes it up to four stars though.
21st Century Prosperity Guide Mike Maloney's book is an easy read & proves his point about investing in silver & gold. An essential read for improving your Financial literacy in the 21st century.
He Forgot The Most Important Thing! Although I have not yet read the entire book, there's one thing that EVERYONE is missing. All the gold bugs can rush and buy, but the problem is, if there's an economic meltdown, gold and silver will be illegal! This allows the government and feds to "buy" low, and sell high. In the great depression, it was illegal to carry gold and silver.
Although there are not yet ANY laws prohibiting gold or silver, it is still not safe!
The reason? I have heard that the Patriot Act (or as I call it unpatriotic act), has a section where it makes it LEGAL for federal officials and government to go into your house, take any gold and silver they want, as well as any currency they want, without even doing so much as asking or notifying you. (You may want to google it or read the bill for yourself at congress.gov, or whatever website)
So what's the REAL solution? I like the idea of buying diamonds. Not only are they safe from this law (as far as I know), but if you want to HIDE them, it's easy to do so, and they're not easy to detect. As a last resort, you can hide them in your mouth, or under your tounge, and if they ask you to open up your mouth and look under your toungue, you can swallow it... Of course, it won't be a very pretty dimond on the way out!
Diamonds can cut through anything, even gold and silver, (or steel bars, if you're really paranoid that martial law is coming, and you want to plan an escape). I still think there is value in gold and silver, and this book is still excellent so far, and will be useful in deciding how to buy gold and silver, and understanding why currency is designed to lose value, except for period in which they contract the money supply and seize assets.
Although diversification is not something the rich do, in this case, I think you need to make an exception, unless you can somehow protect that gold&silver from the Patriot act, perhaps through a corperate entity. Or something.
Anything Goes Trivia
Megaton Man
Trevor
