here and there. Even though this book was originally published just before the global economic crisis of 2008, it is even more pertinent today, because nothing has been fixed. In fact, all the underlying fundamentals that caused the meltdown of `08 have only been magnified by the actions of the world’s central banks. The bailouts, currency creation, market manipulation, derivatives expansion, and growth of the “too big to fail” banks only guarantee that the next crisis will be of a far greater magnitude.
As I have said many times before, “This is the greatest wealth transfer in history, therefore it’s the greatest opportunity in history.” Yes, the threat has never been bigger, but that means that the opportunity has never been bigger. The forces that threaten the world monetary system are the same forces that will propel gold and silver to unimaginable heights. The good news is that by buying this book you have demonstrated the intent to turn these forces to your advantage and transform this crisis into your opportunity. As my video producer/media director, Dan Rubock, from Australia says… “Good on you mate.”
This book was originally published as part of Robert Kiyosaki’s Rich Dad’s Advisor series of books, and quickly became the best selling book on precious metals investing of this century, and perhaps all time. Translated into eleven languages and available worldwide, it is the result of six years of research and 2-1/2 years of writing. It is the culmination of two books, which were distilled, condensed, and edited down to one, losing 23 chapters and over 1000 pages in the process. If you enjoy this book and want to learn more please visit my educational website, WealthCycles.com, where you can find many of the missing chapters.
When you read the book or visit my website you will see that I am a cycles-investor (you’ll learn more about that later in the book) and I believe that we are in the portion of the economic cycle where gold and silver will prove to be some of the best performing assets of our time, so the vast majority of my personal wealth is invested in precious metals. In 2002 I discovered that gold was severely undervalued and started buying shortly after it broke the $300 barrier. By April of the following year I discovered how undervalued silver was compared to gold and started buying silver while it was still under $5, and I have been buying ever since. In 2005 I started an online precious metals dealership, GoldSilver.com, and in 2008 published this book. I believe in these economic waves and cycles so strongly that I wrapped my entire life around them, and thus have bet my financial future on them. But my point is that, yes, I am a precious metals dealer, but I was a precious metals investor first.
The big question that is not answered in this book is when to sell. In chapter 7 you’ll learn the difference between price (how many dollars something is worth) and value (how much other stuff something is worth). My strategy for determining when to sell is based on measuring gold and silver’s value, for more than a century, against real estate, stocks, bonds, oil and a whole host of other investment classes. One day gold and silver will go into a bubble and I want to make sure I ride this bull market all the way to the top. At my educational website, WealthCycles.com, you can learn how to measure this for yourself. Or, if you prefer, you can sign up for my ‘Insiders’ program where we’ll do it for you. You’ll also learn my exit strategy and which asset class I will be investing in when I sell my metals.
If you are going to invest in Gold and Silver before finishing this book, please skip to “Part 4, How to Invest in Precious Metals” and read chapters 14, Beware the Pitfalls, 15, Who Are You and What’s Your Plan?, and 16, Let’s Get Physical, before you take any action. There are lots of scams out there and the reason you bought this book is to make sure you prosper and don’t get hurt.
If you are going to use an online dealer, we at GoldSilver.com would be honored if you would give us the opportunity to be of service to you. I’m proud to say that my business has grown to be one of the largest and most reputable dealers in our industry. You can visit our website at GoldSilver.com or call us at: 1-888-319-8166.
by Robert Kiyosaki
I’ve known Mike Maloney for some time now. One thing I always hear people say about Mike is, “That guy is really smart.” The reason they say this is because Mike knows a lot of facts—and I mean a lot of facts!
Plenty of people know facts. What sets Mike apart from the pack is his uncanny ability to connect the dots. Mike isn’t just a smart person. He is a visionary who can take a large amount of information and find usable and important patterns.
The book you have in your hands covers a lot of history. Specifically it covers the history of money, or as Mike would remind us, the history of money and currency, which are two entirely different things. In its pages you will discover how the interaction between money and currency has steered empires throughout time. And yes, it even steers the great American empire today. You will also see how that steering affects you and your financial well-being, and you will learn how to use it to your advantage.
But Mike isn’t just a historian. He’s an expert. Specifically, he’s an expert on gold and silver. Mike’s focus on history has a very important reasoning behind it—to make you wealthy.
Mike sees the same thing I’ve been seeing for quite some time now: Capitalism in America is sick, on life support, and close to dead. Our problem is a toxic dollar that undermines our economic vitality.
While I’m thrilled to see the gold I purchased for $300 only a few years back now worth so much more, I’m also saddened.
You might be thinking I’m crazy to say such a thing. How could realizing such substantial returns on my money possibly disappoint me? But it’s because I understand that when gold and silver prices rise like they currently are, it means that capitalism is stumbling. And when capitalism stumbles, everyday, hardworking people lose. They lose their life savings. Their house is foreclosed on. They watch their 401(k) loaded with stocks and mutual funds wither away to nothing. Meanwhile, the government bails out big corporations.
Not only that, but rising gold and silver prices also signal a rise in inflation, something Mike covers expertly and in great detail in this book. What that means for you and me is that the price of a gallon of milk keeps going up and up. It means gas prices will continue to rise. It means the basic things we need for existence get more expensive while our purchasing power diminishes. It means we are poorer every day.
For these reasons, I pray that gold doesn’t reach $5,000 an ounce. Rather, I hope that the dollar goes off life support and finds a way to get back on its feet again, and I dream of a day when our government officials are once again part of a system that is of the people, for the people, and by the people, not as Mike puts it so succinctly, “Of the bankers, for the bankers, and by the bankers.”
But once you’ve read this book, you’ll know as well as I that things probably won’t work out that way. And this is why Mike’s work here is so important. He has made it his mission to educate as many people as possible about what he coins “The greatest wealth transfer in history.” In this book you will learn about not just how to invest in gold and silver, but also why it is imperative for your financial well-being that you do so, and that you do so now
In many of my books I write about the importance of understanding today’s economy. It is not money that makes you wealthy, rather it is good information and a well-developed financial IQ. Lots of people are smart, but few have a good financial IQ.
But Mike has a tremendous financial IQ. You would do very well to heed his words and his warnings about the coming economic storm and the wealth transfer it will confer on those who have taken the time to moor their financial well-being to the rocks of gold and silver.
As
