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“The Case for $20,000-an-Ounce Gold”
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Gold will go down and Taxes will go up… Check out a Tax Free retirement… http://www.mymlpresentation.com/102408…Preston I want you to check it out, Your going to love it…
I have been told that all gold and silver is register and the information is held by the government. Your purchase is a record and with the collapse of the U.S. Dollar the Government will seek you out and take your gold. They know where all of the gold & Silver is in the world, and they will come for it when they are ready to.
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Hi
Been following Mike Maloney. Another good resource is David Morgan.
For those of you who feel you can not afford to buy gold & silver…. you can…this company http://bit.ly/IajMwF has a savings program …easy and safe way to accumulate silver on a set schedule for as little as $50 at a time. Also can take delivery or exchange it back for cash conveniently.
Skip a night out here and there and get yourself some silver and/or gold.
Amen! Good Thank you for letting, me see another day.Dennis you couldn’t have said that any better! That’s just what we are keepers of the property, and possessions we posses while we live on GODS EARTH! We was born into this world with nothing &will leave this world with nothing.
When the time was right to buy gold, it was under $300 to maybe $450 in 2000-2001. At those prices, gold was priced below the cost of extraction from the ground. Gold, worldwide, costs about $700 to extract on average, just a little less. Certainly, as energy prices go up, gold will cost more to extract. But seriously, do you think gold will cost 28 times what it costs to extract when it costs about twice it extraction cost right now? $20,000 is a mathematical possibility. However, by the time gold reaches that kind of price, do you really believe the government will allow you to sell it and not pay, let’s say 80% taxes on it? It’s confiscation by another name. You’d sell it privately? Well then, apart from the tax avoidance aspect (which I don’t particularly care about, we each make those decisions for ourselves) it will be a black market item and you won’t be able to get full value.
You say you’ll make it across a border with 20 Eagles and bribe a border guard with 1 or 2 of them? You’re kidding yourself. The bribe will be ALL of them, followed by your imprisonment.
I happen to agree with Mike. Everything he says is completely correct. But nobody can predict how you are going to be able to extract the value when the time comes.
I like PMs. I’ll probably never be all the way out of them. I also do not think the opportunity to buy gold for $1600, $1500, perhaps even $1200 will not disappear. Hence, I’ve sold 2/3rds my gold.
Gold is great, but I love SILLLLLVERRRRRRR! If anybody wants to learn how to make a killing buying and selling silver, I have a $250,000 coaching program to teach you how to get rich like me.
You want the truth. Look how many of you Preston has or will respond to…Zero. Its bc he really just wants you to keep buying his products to keep funding his bank account. That my friends is the truth…
I actually like you a bit more Preston, I could honestly careless about silver and Gold my thing is Cashflow. I doubt Gold or silver will go to $20,000 an ounce I actually think the price of gold will continue to go down. I think silver will continue to rise however. Either way I could care less I’m all about cashflow knowledge about money is power once you get the right thinking all this conspiracy theory stuff doesn’t matter. Show me where the hungry buyers are that’s what I’m about
Hi Preston…do you think Gold will continue its rise?? I have been buying homes in the Phoenix area for the past 2 years…over 50 that are all leased…the market here has taken off now. He says to buy whatever is depressed that no-one wants…that is what I did. I think gold might be in a bubble already… If Europe collapses then I guess gold could continue its rise…I would personally buy silver instead of gold…I think it has more of a percentage gain possible, plus it is easier to sell in small quantities…give me your thoughts.
It means…prosperity from the east, west, north and south, knocking at MY door.
Not entirely out of the question. Doesn’t even need to hit 20K. Just sounds like an arbitrary number right now.
With gold sitting around 1600, a push to 7 or 8K would be motion enough. That should make silver jump to a few hundred bucks…
I was first introduced to Mike Maloney through Robert Kiyosaki and Mike Dillard and have watched this video numerous times.
After purchasing my first 20 1oz American Eagle coins, I realized that, instead of trying to predict the rise and fall of the price of bullion, I would be better served by collecting Silver numismatic coins on a consistent basis, irregardless of the price of bullion, because they don’t suffer the fluctuations of the market like bullion does, and their value is much higher overall.
With research I discovered that there is an MLM company that has a Silver Coin of the Month Club as their product, and it was a no brainer for me, so I joined.
I still buy Silver bullion because I trust Mr Maloney’s wisdom, but now I earn money helping people become wealthy with Silver numismatic coins.
I think coins are cool!
Thanks for sharing, Preston,
Juli
YOU and I will be dead befor GOLD reaches 20K an ounce!!!!!! It’s too easy to print money. plus our GOV can borrow.money against every child that is born in the US………. recently there has been more gold found in the ground and there is a valcano in South America that has spewed out GOLD …So where is the shortage!!!!?????? They are even finding more GOLD in the US now…..GREED !! is the problem in this country and that is what started the REAL ESTATE crisis and everything else that followed… YOU have to keep one thing in mind…… If the US fails how many other countries will go with it……Do you think for one minute that the GLOBAL ECONOMY will let that happen…..!!!!!!!???????????
This is absolutely TRUE! He explains this very clear. I think many are waking up to what has been going on, but most are still fooled. Real money is gold and silver. All this fiat currency will collapse sooner than later. Discovering who is really running the show is a whole nother subject. Love is the answer and to be kind & friendly with others and to be a good steward. We are all in this life together.
We all knew that is impossible, $20,000.00 an ounce of gold? But, it is good to those who have plenty of gold accumulated. Bad news to those who don’t have none…. That kept me worried. Cause you know why? I love gold. Meaning jewelry made of gold gonna be very expensive somewhat….. It is very impossible for me to afford it…. The good thing about it, it is just a prediction, meaning, there’s no guarantee…. But, if it is the case, therefore, gold and silver become a good investment.
enjoyed!!!
hi Preston I have been aware of this for quite some time. There is nothing i can do in my position untill i make a bunch of deals flipping houses. Preston you have done well -the whole money system is going to collapse-Dont want to see you lose everything you have worked for. Get in touch with the (elevation group) They deal with all the top money people in the world and are preparing themselves for the ineviteble. The money system is going to collapse and if you are not heavy in gold and silver you will lose most of what you have.Think about what will happen when the dollar is devalued to the point that it is not the standard of the world anymore.At that point (to put it bluntly) the shit will hit the fan.The gov. will take anything it can get to keep going.All i can say Preston is protect yourself. Talk to you soon Steve Hutch
Details please
I TOO FOLLOW WEATH CYCLES AND THE REASONS FOR THEM. IF YOU TAKE GOLD AND APPLY IT TO THE GOLD STANDERD OF 1971 ,IT WOULD BE 203,000.00 AN OZ. THE GOV. WILL TRY TO DEFLATE THESE ASSETS ONLY TO BUY THEM UP. WHAT IS ABOUT TO HAPPEN GLOBALLY WILL BE FAR WORSE THAN THE GREAT DEPRESSION. YOUR PRESENTATION WAS GREAT !!
When yer running to the CO compound, don’t shoot me. I’ll be the the guy jumpin’ yer wagon train…with pockets full of gold. Oh shit, that didn’t really help my case. I meant…when your wagon breaks down in NM I might be able to fix it for ya, but we don’t have gold in these parts….pilgrim.
THINK ABOUT THIS , WE AS HUMANS HAVE GOT TO BE THE ”’ GOOFFY- EST ”’ LIVING THINGS ON THIS PLANET !! WE INVEST, WE BUY THINGS THAT WE ”THINK” MAKES US HAPPY IN LIFE.THEN WE GET OLD WHERE WE CAN’T TAKE CARE OF THE THINGS WE THOUGHT MADE US HAPPY IN LIFE. ”JUST TO WAIT AROUND TO DIE !!! LETS FACE IT !! WE ARE ONLY THE KEEPER OF ”’THINGS” WE CAN’T TAKE THE THINGS WITH US WHEN WE DIE. ”’WE CAN’T EVEN TAKE OUR LAST BREATH WITH US WHEN WE DIE.” THAT ONLY MAKES ”’ALL ”’ OF US ”’THE CARE TAKER OF THINGS ”’!!!!! SO IF YOU THINK YOU OWN ANYTHING , ITS ONLY FOR THE TIME YOUR HERE WALKING ON THIS ”WONDERFUL PLANET ”” AND I LOVE EVERY TIME I GET UP IN THE MORNING AND THANK ”GOD” FOR ANOTHER DAY UPRIGHT !!! AMEN TO THAT ”” EVERYONE IN THIS GREAT WORLD OF OURS !! HAVE A WONDERFUL LIFE !! NOMADERWHAT!!
Vaulable information. Markets can be self-fulfilled phophecy and encouraging the investment in gold and silver will cause market prices to increase faster.
Preston thanks for once again giving out great content and resources. Advanced my knowledge on the subject even deeper, you deliver once again!
The US and the world will have a new currency and I doubt that they will want to back it by precious metals because they are in such short supply as compared to the world population. In my opinion, the world currencies moving unanimously is evidence that there will be one world currency in the near future (this will kill forex trading & investing). I suspect that the new world currency will actually be backed by peoples’ working hours and perhaps their own living bodies. Even so, there will be people who will still seek to somehow “skim off the top” and not put value into the currency themselves.
What I’m trying to understand is what happens to all of the world debt when the USD and other world currencies are denominated (devalued)? Is what happened in Iceland recently a preview?
Could we see a devaluation of the USD sooner if the Saud (Saudi Arabia) family says, “We will not sell our oil denominated in dollars!”?
How is the correct and best/safe way to buy gold and silver, and who to deal with safely, also what are the best denominations???thanks johne
Excellent video! It’s really kinda sad….
The question is not will the dollar crash but when. If the people that have been in power for the last 100 years continue to do anything they want unchecked, the dollar is a goner. Pray for change and get into precious metals to be safe.
Intresting, not only about metals but the economy as well, thank you.
I have been following Mike for a few years now. The trends make sense. Instead of determining value based on the dollar I use Silver to determine everything I buy. Bought a new yard trimmer today, cost me 6 ounces of silver.
His videos are great, the DVD he sells has helped my wife and friends easily understand the circumstances this economy is facing. It also reinforces my need to have more Real Estate Investment Properties. If you haven’t read Mikes book, do it. He makes a very strong case for the opportunity to buy houses for 300oz of Silver in the coming economic changes.
Great Video!! This was better than that stock pick you gave us!! Falcon Oil, yea that one sucked!
What is the date of this presentation?
Interesting!!
Thank you for sharing!!
I liked the Gold/Silver video. It explains things so that the common people like me actually can understand.
all sounds good but I wish people like me who have nothing could make this work need money which I dont have I missed the train hope you dont .
hi Prestone
Well $20.000 an ounce for Gold .I n this world ecomic climinate it may not be such a far fetched idea .All it needs is for the Euro to fail more than likely over next 18 months Where are incestors going to go the US dollar Chinas allready purchased most of the recently issued bonds,That
at just leaves gold for all the asian investors and the rest of the world.
regards peter mcgrath
just athrought
regards peter mcgrath
]
hi Prestone
Dude, I couldn’t agree more.
Hard to argue with the thinking here.. (Forward this to someone you like… if you really like ‘em…)