Was introduced to Mike Maloney by way of Robert Kiyosaki, as Mike Maloney published the best selling book on precious metals investing, ‘Rich Dad’s Advisors: Guide to Investing In Gold and Silver’ in 2008. I have listen to its audio book and I would recommend people to read or listen to it, as it covers monetary history, how the global economy works, possible monetary outcomes in the future, and how to protect oneself (buying precious metals). The book has also been translated into spanish, chinese, portuguese, italian, russian, czech and swedish, but unfortunately for my Arab friends, not into arabic.
Mike has setup two companies since he began investing in precious metals in 2003, one for the sale of precious metals (GoldSilver.com) and the other for the education of people about wealth cycles (WealthCycles.com). He’s not a precious metals bug, but instead is a cycles bug, as he believes that wealth can be continuously created in cycles and that the current wealth cycle is in precious metals. GoldSilver.com is one the largest online retailers of gold and silver in the United States and they have global delivery to 40+ countries by UPS or FedEx.
Mike Maloney produced an hour and a half long DVD entitled ‘Why Gold and Silver? An Afternoon with Mike Maloney’ in 2009, which is available in hard copy as well as on youtube, which is a great introduction to precious metals for those who may not be interested in reading his book. He recently added to youtube, a presentation he did in 2010 entitled ‘Debt Collapse – The Case for $20,000 oz Gold’, which is as good as the DVD and that is shown below.
Mike believes that we will have short term deflation involving the collapse of the currency supply, followed by hyperinflation by central banks printing alot of currency, as he had mentioned in his book, “In the end, I think we’re in for a wild roller coaster of a ride, with a few whipsaws thrown in. First the threat of deflation, followed by a [ben bernanke] helicopter drop, followed by big inflation, followed by real deflation, and then followed by hyperinflation.”