Matthew Ung asked question #2:

“Have you ever traded your gold or silver for significant value-items?
(Car, appliances, services, etc.)”

Continuing from our mastermind meeting, Michael Maloney answers question #2:

“No, I’m still buying gold and silver, but I do watch some of these things. Right now, I’m watching the gold/Maserati ratio. Haha!

I intend on accumulating a lot of cash flow real estate with my precious metals. I know that right now, gold & silver are outperforming all of these other assets. If you accumulate the asset class that is rising the fastest, what will happen is you will be able to buy more of those other assets when it peaks.

Up until just a couple of years ago, we had everything rising. Back in 2007, the stock market was rising, real estate was rising and commodities/precious metals/bonds were all rising.

Well, what’s going on there? If you invest the one that’s rising the least, when you sell it, you can’t buy as much as the other two…it’s actually going down in value even though it’s going up in price. If you’re investing in the top performing one, when you sell it, you can buy more of the other two investments…so, it’s actually rising in value.

What’s happening is they’re probably printing currency at about the rate as the second (middle) investment. So, if you take the currency out of the equation and you measure how much stuff you can buy with your other stuff (for example, you measure how much your house is worth in ounces of gold, barrels of oil, tons of iron, pounds of copper, bushels of wheat, etc) what you discover is everything goes through this valuation, where it’s over valued or under valued. I try to invest in the most under valued asset class, the one that has the biggest potential of buying more of one of the other asset classes. It doesn’t matter whether everything is rising in price, it’s ‘what is the value?’

Right now, gold and silver are tremendously under valued…I don’t sell them for anything yet. I know I’m going to be able to get somewhere between 5 and 25 times more stuff for every dollar I put into precious metals today. I’m not guaranteeing this for anybody else, it’s just what I’m certain of for myself. So, thank you very much for your question Matthew.”

Michael Maloney of www.GoldSilver.com

To Your Success,

Larry Corbi

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