Sunday, July 3, 2011

Book Review: Rich Dad's Guide to Gold and Silver (Maloney)

Gold Stocks and Silver Stocks present a huge opportunity for savvy investors that know how to source the right information.

In this article I review Rich Dad's Advisors: Guide to Investing In Gold and Silver by Michael Maloney. The author of this book is a convicted and impassioned advocate of Gold Bullion and Silver Bullion. This book is in the series of books published under Robert Kiyosaki's Rich Dad brand.

I really appreciated how simple and accessible this book was, true to the Rich Dad style of writing. Not quite as easy to read as Rich Dad Poor Dad but very accessible with straightforward explanations. This is particularly helpful when the author dives into certain historical events dating as far back as the Romans, and as complex as such international agreements as the Bretton Woods agreement. Despite the fact that these topics can easily become overwhelming and intimidating, Maloney does a great job of making the topic accessible to readers.

Maloney asserts that the only way to invest in Gold and Silver is to purchase bullion that is held privately in your place of residence or else in a 3rd-party, non-financial institution locale. I sincerely appreciate his rationale for this as only the physical possession of gold and silver bullion will be safe in the case of a mass financial meltdown. If an investor has their gold or silver held in a safety deposit box at the bank, it won't be available to them in the case of financial apocalypse as the institution / bank would likely be closed down altogether; and if things really degrade to mass lootings and riots the bullion could be lost altogether if held at a bank.

There's no debating the safety of assets during this kind of cataclysmic financial situation. This begs the question, though, what about absolutely every other point in time? Even if this kind of meltdown were to happen (however likely or unlikely) what would be the most advantageous situation in the months leading up to it, and the years following it? There are some extraordinary Gold and Silver Stock picks to be had, and it would seem prudent to look at the big picture, and the full menu of options before sticking all investable funds into a gold bar, then shoving this gold bar under one's mattress at home.

Overall, I sincerely appreciate Mike Maloney's book Rich Dad's Advisors: Guide to Investing In Gold and Silver as an introductory piece to the topics of Gold and Silver, Precious Metals, Gold Stocks, Silver Stocks, and the history and issues that surround them. I highly recommend this book to anyone looking for an introduction to the topic of Gold and Silver, and their associated Stocks.

I also recommend that this book serve as a springboard to further education instead of treating it as the definitive be-all guide to investment. There are many amazing resources out there that allow you to more closely and specifically consider your options when it to Gold, Silver, Gold Stocks, Silver Stocks, and precious metals in general.

To learn more about Gold Stocks and Silver consider visiting the author's website You can even download a free guide to investing in Gold and Silver Stocks by visiting the same site.

View the original article here

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