Mike Maloney: Here's Why $5000/oz Is a LOW PRICE For Gold
Why is Mike Maloney so heavily invested in gold at this time in history? And why does he believe prices are headed substantially higher? The answer starts with a chart... As Mike and Ronnie discuss in their fourth video, this chart shows the amount of US base currency vs. the market value of US gold reserves....As you can see, the value of gold has "caught up" to the amount of the base currency twice in the past 85 years. The first during the Great Depression and the second in 1980. Based on the extent of currency abuse in the US, Mike and Ronnie believe we're on the cusp of another catch up. And that catch up would require much higher gold prices to match the amount of base currency in existence.
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