Anny asked,

“I would like to know what is Mike’s opinion on Chinese silver Panda & their extra premium…sign of futures economical relation with Chinese?”

Continuing from our mastermind meeting, Michael Maloney answers question #5:

“Any coin that has a premium you get back when you sell it back to a dealer is fine. Gold and silver Eagles, that is the case. Chinese Pandas, you’re going to lose some of that premium when a dealer buys it back.  Read more...

Marla asked,

“Someone whose opinion I respect says they personally hold their gold, and do not have it in a safe deposit. Is that wise? How could one possibly secure it in that way and feel that they had done a good job?”

Continuing from our mastermind meeting, Michael Maloney answers question #4:

“Well, I don’t recommend doing one thing or another. What I do is tell everybody to do their own due diligence and do some research on these things and come to their own conclusion.

For me, I do not use a safe deposit box.  Read more...

Jason B asked,

“What do you think silver’s real price would be right now if it was allowed to trade purely on supply and demand fundamentals and not heavily manipulated? Is the possibility of 4 digit silver in a few years realistic?”

Continuing from our mastermind meeting, Michael Maloney answers question #3:

“Yeah, the possibility is realistic, but it’s really the wrong question. The question should be ‘how much more stuff can silver buy me?’ The dollar is this moving target…it’s a smoke screen. Before 1934, the dollar was worth 1/20th the ounce of gold. After 1934, it was worth 1/35th of an ounce of gold.  Read more...

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.  Read more...

Matthew Ung asked,
“What effect will the rise of oil have on gold and silver prices?”

On October 28th, 2009, I attended a Mastermind meeting at the Gold & Silver, Inc headquarters. Michael Maloney went over today’s precious metals market, tomorrow’s economic downturn, the transfer of wealth that we are about to embark upon in the ensuing years and what to do NOW to prepare for it. This was an exclusive group brainstorming on how to educate the world and the best means for communication.

I happened to pull Michael aside to see if he would answer some questions asked by those who submitted from the previous post. He kindly agreed and decided he wanted to answer them through a video. Here’s his answer from the first question:  Read more...

When it comes to investing, a large number of people are lazy. They vaguely understand that wise investments are a cornerstone of building long term financial security and abundant wealth. But they really have no idea of how to go about it. They rely on the (often misguided) advice of family, friends and business associates. Or they adopt a “herd” mentality, and follow right along with what everyone else is doing. Unfortunately, the herd resembles a pack of lemmings that follow one another as they plummet off of a cliff somewhere. These people follow traditional strategies that produce traditional results, which is to say marginal ones.  Read more...

People often say that their primary residence is their biggest asset. Granted, accrued equity in your home is technically an asset, but only under certain circumstances. Many people have recently learned this lesson the hard way. They purchased more house than they could really afford, and when the real estate market tanked, they wound up owing more on the home than what it was worth. A working asset puts money into your bank account. If an asset costs you money every month to maintain, it’s a liability. It takes thought and planning to ensure that your assets are working for you.  Read more...