Stansberry Research, Released on 2/22/23
“The amount of gold available above ground is about twice of what was available back during [the] 1980s,” says Mike Maloney, founder and CEO of GoldSilver.com. “I started working on The Great Gold and Silver Rush of the 21st about a decade ago, and the final book is about 20% of what was written,” he says. “Money makes and currency takes. People need to start differentiating the two. There is no nation on the Earth that uses money today,” exclaims Mahoney. “Warren Buffett isn’t going to turn to bitcoin. Currencies and cryptocurrencies are dishonest and theft, we have all been monetized,” he continues. “The Fed has stolen more than 97% of the purchasing power of the dollar, and gold is lagging, but there will be dramatic shifts in monetary exchange,” Maloney warns. “Precious metals are the only thing that have proven themselves over the centuries to be money… A store of a value is the most important attribute of money, unlike currency,” he concludes.
You can read Chapter 3 and 4 of The Great Gold and Silver Rush of the 21st here: https://ggsr21.com/online-chapters/
00:00 Gold supply
7:14 Are people turning to gold?
11:24 Mike’s thoughts on national currency and gold
15:16 The value of the U.S. dollar
16:26 Interest rates
20:10 Correlations between inflation and currency
24:51 Precious metals
26:52 Don’t central banks want to keep gold prices lower?
28:38 The Ben Bernanke bust
32:08 Central bank digital currencies
34:47 World geopolitical situations
36:52 Gold versus gold-backed currency
39:07 Mike’s final thoughts
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. In addition, Mr. Maloney has been a precious metals investor advisor to “Rich Dad” founder Robert Kiyosaki. A student of economics, Mike is regarded as an expert on economic cycles and capitalizing on the opportunities they afford.