Outlook on Silver - Anyone following him?

[Guest]

hello, 

please refer to this video. 

I have learnt a lot from him and greatly enjoy this youtube video. sharing here

 

 

 

[shortstack68]

39 minutes ago, angus said:

hello, 

singapore is not very active stacking community

i am following this guy called mike maloney, goldsilver.com. do you think that he is legit?

he talks about being able to buy a median priced house for 500 oz of silver

what do you think of him? 

i need help as my country is not very active in stacking so i am here seeking your opinion and hoping to learn more

thank you

If you follow influencers advice its just like following a herd of sheep off a cliff. Collect and do as you want and not what someone else tells you to collect or tells you what is rare or not, its your money not theirs

[Roy]

14 minutes ago, angus said:

he talks about being able to buy a median priced house for 500 oz of silver

You can buy a median priced house for 500oz of silver today. 

[AppleZippoandMetronome]

I've seen a number of videos featuring him and while he did certainly have a number of things to say that I agree with I got an overall uneasy feeling with him. My issue was in trying to wade through how much I thought was genuine versus how much I thought was being said to drive interest in making him money (book sales, appearances, etc)

[Guest]

9 minutes ago, Roy said:

You can buy a median priced house for 500oz of silver today. 

500oz x $15 = $7500 for a house now?

where?

[EdNug]

29 minutes ago, angus said:

i am following this guy called mike maloney, goldsilver.com. do you think that he is legit?

he talks about being able to buy a median priced house for 500 oz of silver

MM is one of the most common 'one to be avoided' names

Median price house for 500 oz? He obviously doesn't live in the UK, you can't even buy a derelict concrete shed for that money here.

Quite a few names and opinions of them to check out here: 

 

[shortstack68]

11 minutes ago, AppleZippoandMetronome said:

I've seen a number of videos featuring him and while he did certainly have a number of things to say that I agree with I got an overall uneasy feeling with him. My issue was in trying to wade through how much I thought was genuine versus how much I thought was being said to drive interest in making him money (book sales, appearances, etc)

Exactly my point...........People with a large following can influence a herd who have little to no clue in the first place. Its better to collect what you feel happy with and enjoy it, we all have different tastes and opinions

[shortstack68]

12 minutes ago, angus said:

500oz x $15 = $7500 for a house now?

where?

That might just buy a small 2nd hand car

[ManWithNoName]

I began stacking, because i became aware of FIRE (Financial independence Retire Early) 

My silver is meant as a hedge in my investment plan. 

However to gain knowledge of silver, and what to invest in, one of the platforms i used was, and still is, youtube.

The only problem there is, that 80% of videos regarding stacking are made by preppers, and new world order fans..

So make sure, to be focused on what YOU mean to get out of it, instead of following people with a hidden agenda..

Just my opinion.

[KevinFlynn]

I read his guide to investing in gold and silver as an entrypoint to looking behind the curtains. Some points in there yes, but then I made a reality check. In my eyes, what you can take from him is the general idea that not everything is good and well, but you should not buy into the hype.

The more honest precious metal dealers I know are talking about wealth preservation and securing your portfolio. The more shady ones are talking about apocalyptic times ahead and magnificent price corrections.

Preparing yourself and your portfolio for difficult times is okay, making a lifestyle out of it not so much.

[JunkBond]

This is what Maloney actually said.

"After studying things like the tulip mania of 1637, the Nasdaq bubble of the 1990s, the history and the current fundamentals of gold and silver, and the history of financial cycles, it would not surprise me in the least to see less than 500 ounces of silver buy a median-price, single-family home sometime in the future."

[Coolsmp]

1 hour ago, angus said:

500oz x $15 = $7500 for a house now?

where?

Venezuela

[zeusss4]

I don't follow him one bit or watch any YouTube videos. 

He is right I assume in his prediction however the "future" could mean in 100 years.

[silenceissilver]

I came across claims you would have been able to buy a banker's villa for 3 oz of gold during the hyperinflation in Weimar Republic, houses for a few oz of gold after WW2, in Germany. Could not verfy it. If it ever comes to that, I'm looking forward to buy Buckingham Palace and maybe half of London's Oxford Street.

[Pampfan]

Gold and silver is just like any other investment - it is only worth what someone is willing to give you for it when you go to sell it. As for MM - he has produced some very interesting and entertaining videos about the monetary system, etc. I watched them all and will use that information- as well as all the other information out there to make my buying decisions. Which was to basically just buy what I like - and specialize in a certain area - pamp suisse bars, because at my level - I am basically a non-player in the market (I.e. not being able to make markets move, etc.).

So my advise is to watch his videos and do your own additional research and make your own decision on what to do.

 

[HawkHybrid]

I recommend to watch his videos like a history programme.

seek a more balanced and less biased source before

making any investments. (look for someone who will tell you

when metals are going down and how to profit from that. any

idiot can tell you how to make a profit from rising metal prices)

 

HH

[999magnum]

3 hours ago, Roy said:

You can buy a median priced house for 500oz of silver today. 

In Venezuela

Oh nvm, someone already said it.

[5huggy]

2 hours ago, Coolsmp said:

Venezuela

500 oz would probably buy ALL the hillside of properties in the pic!   😯

As to MM - i agree with 

1 hour ago, HawkHybrid said:

I recommend to watch his videos like a history programme.

His series - - - "The Hidden secrets of Money" - are very informative and educational especially for any one not aware of "Fractional reserve Banking practices"!!

[KDave]

He has informative videos on the history of money and crypto, but that's where his value ends. He is in the business of selling gold and silver, most of his presentations are inherently biased towards the bullish and he will hype up the metals to make sales.

Don't be suckered in, look elsewhere for market commentary. In 2015 before the bottom he said he expected gold to hit 1000 dollars after years of hype and selling gold to people all the way down from 2011. I bet a lot of people sold on his prediction. He doesn't know where the market is going any better than the rest and worse he has a vested interest in the bullish case - beware. 

 

[KevinFlynn]

2 hours ago, 5huggy said:

... "The Hidden secrets of Money" ...

Thanks, watching that is very enjoyable.

[silverdocket]

i'm a big fan of mike,

people need to wake up

if only they would teach that information in school.

its in his interest to promote P.M as he does sell them but i've learnt a lot off him.

 

[RacerCool]

I have no problem if anyone listens to him, but over the years I've developed a severe allergy to salesmen, and he seems to use his platform to sell stuff. Not that there's anything wrong with selling, of course, just that I've heard more than my fill of sales pitches and infomercials over the years. 

[Finbinfin]

To be fair, he's not saying 500oz would buy you a house now, but it would if silver was at a price where it could back all the dollars in existence (in his opinion). I find his broader analysis quite insightful but ultimately he is flogging the shiny stuff so can't be relied on as impartial when it comes to price predictions, timing and investment strategies! 

[HawkHybrid]

16 minutes ago, Finbinfin said:

if silver

 

16 minutes ago, Finbinfin said:

timing

 

this is where people don't like him encouraging others to buy now. 

(some things might not even happen or take a lifetime and/or a

special environment to materialise)

 

HH