Silver Pyramids. Mike Maloney & David Morgan In Las Vegas
The Luxor behind you, and your information, reminds me of other Ponzi schemes such as social security and the entire stock market. You keep adding in but you won't collect in the end. I feel bad for people who know they need to invest in silver but get into nurismatic coins, just won't work.
The leverage Mike and Dave are talking about is where you would buy $100K of silver putting up only $20K in equity with the $80K balance as a loan (leveraged 5 to 1 in this case). You could make five times the gains on silver but if silver drops by 20% you equity is wiped out and you still owe $80K.
Wednesday, February 9, 2011
GOLD & SILVER OUTSIDE THE MATRIX - Mike Maloney & David Morgan In Las Vegas
GOLD & SILVER OUTSIDE THE MATRIX - Mike Maloney & David Morgan In Las Vegas Episode 3 features David Morgan's thoughts on how physical gold and silver are the only asset class that exist outside the matrix of our financial system. http://www.wealthcycles.com
"If you go to a shop in China, they will laugh at you if you try to offer US dollars for payment.
"You know what for 6000 years silver and gold have been money"
Huge points in this video...
1. Wait for silver to buy you more stuff than it does today. That is a 100% absolute.
2. Everyone who is accepting paper as final payment of services will feel the pain once faith is lost in the confidence game of money from debt that people are not paying except for those that can go into more debt.
"If you go to a shop in China, they will laugh at you if you try to offer US dollars for payment.
"You know what for 6000 years silver and gold have been money"
Huge points in this video...
1. Wait for silver to buy you more stuff than it does today. That is a 100% absolute.
2. Everyone who is accepting paper as final payment of services will feel the pain once faith is lost in the confidence game of money from debt that people are not paying except for those that can go into more debt.
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