Precious metals expert Mike Maloney says, “According to dividend yields, we’ve never been in a bubble as big as we are today. So, I wouldn’t get involved in stocks at these levels. I think they’re insane.” Maloney wrote the best-selling book, “Guide to Investing in Gold and Silver.” Maloney says real estate and bonds are also overvalued. The only things undervalued are precious metals. Maloney contends, “I think you are going to see a day when the gold price is double the Dow because we are coming off the greatest bubble in history . . . gold really hit an all-time low in the year 2000. It’s a 5,000 year low, and we are coming off of that . . . it should be one of the biggest reversions in history.” Maloney also predicts a new monetary system by the end of the decade. He says, “When everything starts to fail, they will be looking around for what worked before. . . . It’s going to be a global financial convulsion the likes of which we’ve never seen.” Maloney goes on to say, “It’s a 100% failure rate. No fiat currency has ever survived, now all of them are fiat. So, this shift will be the most dramatic in world monetary history. It’s going to be the world’s greatest wealth transfer in history. Therefore, it’s the greatest opportunity in history.” So, how high will gold go? Maloney says, “The more you study it, predictions of $2,000 or $5,000 gold becomes absurd. It’s absurdly low.” Join Greg Hunter as he goes One-on-One with Mike Maloney of GoldSilver.com and producer of the new video series “Hidden Secrets of Money.”
Reprinted from USAWatchdog.com.