The Audio version of Guide to Investing in Gold and Silver and I can see why YKY is the way he is. Maloney could not have been more sure of his position, or more persuasive of the future for silver, if he had tried! "This is not a once in a life-time oppurtunity, this is a once in human existance oppurtunity"... Quite the statement! Very American... Got me excited, felt like YKY for a day or two. While the above statement may well turn out to be hugely exagerated, even if things turn out 1/10th what Maloney believes we would still be sitting in a pretty position in my opinion. Funnily enough, went into a dealer yesterday just to suss it out, played dumb "Oh i just finished Maloney's book and wanted to purchase a silver coin", and he replied back that it is important "not to believe everything you read". Good advice and very honest from a man who makes a profit based on number of transactions. He has my service from now on I believe That is all, sorry for the blog
Good to see you using your brain grinners. There's a lot of books and advice out there, always good to think twice before doing anything stupid based on random advice.
I've started stacking only few months ago. I'm on my way reading 1/3 of Maloney's book. To be honest, I'm not sure who to believe, but based on the consumption fact about silver alone, I believe I should persue this path.
I finished it the other night for the 3rd or 4th time.Each time it makes more sense to me but I think its good to absorb information from a number of different perspectives.I read a recent interview last night with maloney which was almost like a very condensed version of his book and I was thinking " this is everything I want to hear!" But I think its easy for people to get stuck in the rut of only taking in or really listening to what you want to hear.
See, you say that, but i don't see you signing off your post with STOP - Hammer time!???????????? ^ AHAHAHAHA! AUTOCORRECT IN EFFECT!
I remember in the early 90's there were Emu Farm spruikers around, saying you can make 200-300% return on your money every year. Then used the argument that if only a tenth of that actually happens 20-30% its still a great investment. And what happened? People lost 100%. Precious metals isnt emu farming but I'm always wary of the spruikers.
Can you tell us where you read the interview? I like the sound of "like a very condensed version of his book". It would help me work out if his book is "me".
Enjoyed the listen as well. In fairness Mike does justify why he feels Silver is a good investiment and how it could go banana's. Still he's very bullish on Au
I actually saw a sign yesterday near a Brisbane dealers that had YIPPEE in large bold lettering. I giggled at the irony, and even muttered a STOP - Hammer time!? under my breath...
The audiobook is cool. I think next time they should get Mike to read it himself. Anyway, you'll be glad to know that we are releasing a 90 minute video on Tuesday (I t h i n k), Mike on stage going through the whole short term deflation followed by big inflation thing, wealth cycles, stock & real estate bubbles, 15k gold, the whole shebang. Well, a fair bit of the shebang anyway. I guess there won't be a whole heap in there that silver addicts don't already know, but it's nice to start getting huge chunks of information out in one self contained video...there's a lot of new people coming in to the market and this will make it easier for them to get a grip on where Mike is coming from. I'll post a link when it goes live.
+ 1 I first heard the audiobook and got used to the narrators voice. When I did a search on Mike himself and heard his voice, I was like "who's this phoney?". :/
