You can download the book for free using the below link https://static.goldsilver.com/pdfs/GTIIGS_MikeMaloney.pdf
Mike discovered a passion for monetary history,
devouring dozens of books and countless web pages. He discovered that the
same economic patterns, or cycles, kept repeating over and over throughout
history, from ancient times to modern day.
In 2002 to Mike discovered that gold and silver were
incredibly undervalued and started buying.
With that newfound understanding, Mike invested his
family's wealth 100% in gold and silver, and remains 100% invested in them
today.
In 2004, Mike met famed author and financial
educator Robert Kiyosaki, of Rich Dad, Poor Dad fame. Robert encouraged Mike to
share his understanding of monetary history, economics, and recurring financial
cycles with others, so that they, too, would have the ability to secure their
wealth and their families' futures against the increasingly unstable stock
markets and financial system.
In 2005 Mike founded GoldSilver.com, began writing
his book, and started speaking at investment seminars all over the world to
audiences as large as 30,000 people.
"For 2,400 years, as people have lost faith in
fiat currencies; they have turned to real money in the form of gold and
silver," Mike says. "Today, with global debt spiralling and
governments increasingly manipulating currencies and taxing savers, the stage
is set for a modern 'gold rush' to the safe haven of precious metals just when
supplies of those metals are precariously low. The opportunity for those who
position themselves in precious metals ahead of the crowd is like none we will
see again in our lifetimes.
Before Understanding the Guide to Investing in Gold
and Silver, Let’s understand what Gold is and why it is so valuable.
Scientists believe all the gold on Earth formed in
supernovae and neutron star collisions that occurred before the solar system
formed. In these events, gold formed during the r-process. Gold sank to the
Earth's core during the planet's formation. It's only accessible today because of
asteroid bombardment.
So when a Start is exploded in Space, gold is formed
on earth and hence it is considered as God’s money, whose intrinsic value will
remain forever and again it is limited in quantity.
The guide to investing in gold and silver gives a lot of interesting background information on money and currency. I found this information very interesting to learn about, and would suggest to anyone interested in creating wealth to learn more about this topic. The main point is gold is real money, do not get confused with currency that the governments hand out. It is very important to know the difference.
Chapter 2: The Wealth of Nations
Chapter 3: Old Glory
Chapter 4: Greed, War, and the Dollar’s Demise
Chapter 5: From Deep in the Woods the Golden Bull Came Charging
Chapter 6: Booms and Crashes
Chapter 7: What’s the Value?
Chapter 8:The Dark Cloud
Chapter 9: The Perfect Economic Storm
Chapter 10: Coming in from the Cold...To Cold!
Chapter 11: The Silver Lining
Chapter 12: The Pendulum
Chapter 13: Golden Castles
Chapter 14: Beware the Pitfalls
Chapter 15: Who Are You, and What’s Your Plan?
Chapter 16: Let’s Get Physical
Money
Here’s the dirty little secret: Fiat currency is
designed to lose value. Its very purpose is to confiscate your wealth and
transfer it to the government. Each time the government prints a new dollar and
spends it, the government gets the full purchasing power of that dollar. But
where did that purchasing power come from?
It was secretly stolen from the dollars you hold. As
each new dollar enters circulation it devalues all the other dollars in
existence because there are now more dollars chasing the same amount of goods
and services. This causes prices to rise. It is the insidious stealth tax known
as inflation, robbing you of your wealth like a thief in the night.
Throughout the centuries, gold and silver have battled it out with fiat currency, and the precious metals have always won. Gold and silver revalue themselves automatically through the free market system, balancing themselves against the fiat currency in the process.
This is a pattern that has been repeating and repeating since the first great currency crash in Athens in 407 B.C.
Once a government has introduced a paper currency,
they then expand the currency supply through deficit spending, printing even
more of the currency to cover that spending, and through credit creation based
on fractional reserve banking. Then, usually due to war or some other national
emergency, like foreign governments or the local population trying to redeem
their demand notes (bank runs), the government will suspend redemption rights
because they don’t have enough gold and silver to cover all of the paper they
have printed, and poof!
The Author explains about the stupid mistakes people makes in terms of fiat money, people have learned the kind of damage fiat currency can cause and how gold and silver prices were revalued by giving many example and stories from history.
People started converting their notes to coin, and
bought anything of transportable value. Jewellery, silverware, gemstones, and
coin were bought and sent abroad or hoarded.
In order to stop the bleeding, in February of 1720 the banks discontinued note redemption for gold and silver, and it was declared illegal to use gold or silver coin in payment. Buying jewellery, precious stones, or silverware was also outlawed. Rewards were offered of 50 percent of any gold or silver confiscated from those found in possession of such goods (payable in banknotes of course).
The borders were closed and carriages searched. The prisons filled and heads rolled, literally.
Finally, the financial crisis came to a head. On May 27, the banks were closed and Law was dismissed from the ministry. Banknotes were devalued by 50 percent, and on June 10 the banks reopened and resumed redemption of the notes for gold at the new value. When the gold ran out, people were paid in silver. When the silver ran out, people were paid in copper.
As you can imagine, the frenzy to convert
paper back to coin was so intense that near riot conditions ensued. Gold and
silver had delivered a knockout blow.
So the book is all about the importance of investing in gold and silver and how over the years the currency value backed by gold is being manipulated by the goverment and the fiat currency has devalued and how it effected the middle class people by creating inflation and hence looting the common people and how can the common middle class people save themselfs from this loot by the goverment.
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