Gold Silver (w/ Mike Maloney), Released on 7/23/24
Dive into the shocking reality of how inflation has decimated the minimum wage over the past six decades. In this eye-opening video, Mike Maloney breaks down complex economic concepts to reveal that the minimum wage has effectively fallen by over 70% since 1963. Using the example of silver quarters, he illustrates the decline in purchasing power and discusses the broader implications of income inequality and flawed economic policies. Learn why raising the minimum wage might not be the solution and explore alternative approaches to solving economic disparities.
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world’s most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad’s Advisors: Guide to Investing In Gold and Silver
Silver vs Fiat: The Fall of Minimum Wage in Real Terms | Mike Maloney added by Herman James on
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Silver quarters aren’t doing so hot lately, either.
I think my tombstone will say “Still waiting for the big silver rally”.
Trader Dan Norcini (who I highly respect) described silver this way…
He said silver will not truly perform well until we have inflation which comes from REAL GROWTH. Not inflation from money printing or QE, but actual, real global economic growth. Silver is a schizophrenic metal and often can’t make up its mind on whether or not it’s a monetary metal or an industrial metal, which is part of the reason why it can be so frustrating to trade/invest in.
If I had to guess, I would say Mr. Norcini will be correct and silver won’t surpass the $100+ an ounce levels we’ve all be waiting for until the world gets its act together and we have REAL economic growth in a sustained way. We simply haven’t seen that real growth. Rather, we have seen enormous debt expansion which isn’t real growth but only creates the illusion of real growth. We’ve been on borrowed time since the collapse of 2008-2009 and we’ve been limping along ever since, kicking the can down the road and refusing to take the economic pain and also to make the structural changes that are necessary for our markets to function as intended.
I hope this helps. It’s the only explanation I’ve ever heard of why silver has been so weak over the last 13 years that has made any sense to me.