Gold Price Going Where? – Mike Maloney At Silver Summit

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Filmed Nov 14, 2016. Watch the full presentation here: If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website at . It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.
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52 thoughts on “Gold Price Going Where? – Mike Maloney At Silver Summit

  1. Longest expansion, but with no manufacturing base. Expansion of debt both
    government and private, wars, poverty, centralized wealth, drug and alcohol
    abuse and promises that can’t be kept.

  2. I should have listened, but instead buy gold at $1330….man…stupid
    mistakes, but I know it will go up eventually.
    Still, I’d rather have gold now than not have it. I don’t trust the central
    banks.

    1. TheGoldenOnyx Yep. I only started learning about the gold market this year
      which I think I’m lucky to discover as right now seems like the perfect
      entry point. In 2000 I was 10 years old.

    2. If you would have seen my comment on a video when Ajax was being sold. Gold
      was around 1330 and silver $18 and I cautioned of a pump and dump. Gold is
      a much fair price these days though. Who knows, it might hit 1000 and maybe
      we can buy more.

  3. IF Donald Trump actually makes it to Jan 20th and gets sworn in as our next
    President then he will be in charge of the Exchange Stabilization Fund and
    can pull the plug on the Global Market Rigging Operation at the moment of
    his choosing.

    1. True. They’ll no longer have access to US gold, which is a crucial part of
      the rigging. I agree with Mike’s double bottom assessment. Monthly chart
      does show a possible retest of that area before gold resuming it’s bull
      market. That said, we could have a small leg up here any day before it’s
      last drop.

    1. Norm Bolduc I wouldn’t get into trading or speculating on whether a stock
      is going up or down, unless you’re extremely good at Math or you have
      insider info. Gold is a store of wealth and a hedge. Nothing more.

  4. Thing is Ive been following Mike and schiff since 2007. Ecven invested in
    gold. Seen it go up a bit, down a bit. But no major gains. If anything I’ve
    lost money. So I’m still trying to figure out when they have in fact been
    right?

    1. I don’t think anyone can predict a timeframe, but look at the financial
      events happening. Watch the 10 year bond yields and the stock markets.
      Trump & Philip Hammond both want to borrow and spend, that is another nail
      in the coffin and good for gold. China is controlling the Dollar and also
      dumping dollars and treasuries. They seem to be buying companies, football
      teams and commodities with their dollar reserves. I guess all we can do is
      be prepared. Having physical gold instead of fiat currency is a safe bet.

    2. You don’t buy physical gold to make paper gains (well I mean you can do
      that too). You buy physical gold to hedge against fiat currency. Just
      because you are paying your bills with fiat right now, doesn’t mean you
      always will be. In fact, if we take a look at history we see that fiat
      always fails. A section of ones portfolio (10% or so in prosperous times,
      20% or more in times of economic uncertainty) should be held as a hedge
      against paper money. Now in an event of a collapse you can make huge gains,
      but if gold should become overvalued in times of economic crisis it isn’t
      wise to hold onto gold either. In times such as that where gold becomes
      overvalued, it would be wise to trade gold for property and other assets if
      possible.
      Silver is the real gainer here though. I suspect major price manipulation
      in the area of silver, and if things unravel here in the next few years you
      will see silver shoot past gold % wise. Silver is also much more accessible
      to the average joe that doesn’t have a 6 figure savings account.
      Another interesting new player in the ring is also bitcoin. Although I do
      have some skepticism towards it (I do hold btc positions though), in a
      digital age it is simply better than gold as a currency. It is also a store
      of value like gold.
      In my opinion, one should diversify into all of these assets along with
      ones stock/bond portfolio.
      I speculate that global economic turmoil is coming (even though it has
      already begun in some areas) and I have reason to believe that a lot of
      banks will be shutting down. There goes all of your bank credit in your
      savings account. I am transferring most of my worthless bank credit into
      physical bullion and other assets like bitcoin right now as well as
      property.
      Also, stocking up on non perishables, water, ammo, guns, seeds, etc. is
      probably a good idea at this point in time.

    1. +Ian Bannister
      I agree. I bought last year/this year from $1050 to 1120. What I should
      have done is buy twice as much at $1050 but I didn’t have as much to spend
      as I wanted. What I know is that there is nothing new under the sun and
      everything is cyclical. Cycles change in terms of size, timing, triggering
      events, etc, but highs will be followed by lows and vice versa.

    2. +bigcrushjake
      We went to our local coin shop, actually. The shopowner doesn’t care, he
      was selling lots so he received his commission no matter what. Just like
      when he sells to us, the price doesn’t matter. He’s just the licensed
      middleman. He receives, inspects, and sells to us for the ask + commission
      + tax from his dealer. I hope that makes sense, it’s difficult to explain.

    3. Thanks for your response. Thats good your LCS was able to help you unload
      at that time… I just wonder how hard it will be to sell if prices go
      extremely high in the future as Mr. Malony predicts.

    4. +bigcrushjake
      You’re very welcome. I also am wondering about that and that’s why I’m
      actually holding back on buying… What good is it if nobody wants to buy
      it and the economy still functions (i.e. no need for barter)? But in times
      of extreme panic, which is what Mr. Malony is predicting, people will be
      willing to buy at panic prices just because that’s how the herd mentality
      works and how fear manifests itself. Everything is a gamble but I am
      confident in having approximately 10% of my assets in gold.

  5. everyone needs to ask themselves a question here! how many central banks
    are dumping physical metal? has anyone seen any big sells? i saw russia buy
    a massive amount recently i know china is purchasing!! why is the price
    falling then? paper gold and paper silver folks!!!
    great video mike and happy thanksgiving!!

    1. The price is being kept low, through the manipulation and rigging by the
      central banks, the criminal mega-banks, and hedge funds. They are doing
      this so they can grab as much phys gold and silver while it’s cheap and not
      cause a price rise due to their demand. I think that when they have enough
      that the manipulation will end and the price will skyrocket. JMHO, though.

  6. I think we will all be lucky to get out of this silver/gold hype hopefully
    doubling maybe tripling our initial investment. I would hope for 100x gain
    but I think thats a ways off.

    1. But he also said it could break 1100 and test 875 and that would be the
      lowest point in 2017 and 5 years removed from the 2012 high. I was there at
      the WEC too. Great conference. So watch those year end numbers!

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