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FSN: Mike Maloney: Today’s Low Gold & Silver Prices Are Not Realistic
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
The good news is that they can’t last much longer
by Adam Taggart
Chris Martenson’s Peak Prosperity
During this very tumultuous week for precious metals prices, Chris sat down with Mike Maloney, founder and owner of GoldSilver.com, one of the world’s largest bullion dealers.
Mike is a true scholar of monetary history. His reasons for getting into the bullion business have their roots in a very predictable cycle that has happened time and again over the centuries (more accurately millennia):
1. A new monetary system is introduced, based on sound money (most commonly, using gold and/or silver)
2. Currency (e.g., paper bills backed by sound money) is introduced to faciliate trade and commerce
3. Governments begin to tinker with ways to ‘print’ more currency than can be fully backed (e.g., coin clipping, partially-backed notes, FRNs)
Continue Reading at PeakProsperity.com…
2013-04-14 22:46:49
Source: http://silveristhenew.com/2013/04/14/mike-maloney-todays-low-gold-silver-prices-are-not-realistic-4/
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