Bestselling author and investor Mike Maloney founded GoldSilver, now a global leader in gold and silver sales and one of the world's most highly regarded investment-education companies, in 2005.
Mike is a highly sought-after speaker and host of the hit docu-series, Hidden Secrets of Money, which has been viewed by millions around the world.
He is the author of the bestselling precious-metals investment book of all time, Guide to Investing in Gold and Silver, regularly updated and in continuous print since its original publishing in 2008 by Rich Dad Press.
Mike Maloney was born in Willamette, Oregon, but spent most of his youth in the Los Angeles area. He is a lifelong inventor and entrepreneur. At age 17, he traveled all over the U.S. selling mini-bikes and go-karts. By age 23, Mike founded the sales firm Michael Maloney & Associates, growing it to five employees and two branch offices.
He went on to become a designer and manufacturer of high-end stereo equipment that won several engineering and industry awards. In 1992, his designs were selected as one of five permanent exhibits for display at the opening of the 20th-century design wing of the Royal Victoria & Albert Museum in London, the world's foremost design museum. "That's about the time I had my first up-close-and-personal encounter with economic cycles," Mike says.
Come 1992, the U.S. economy was in recession, and the market for luxury audio equipment quickly dried up. To make matters worse, a real estate bubble had burst, and the home Mike then owned dropped 60 percent in value. Still, he managed to weather the storm and by 1998 had launched an industry trade show, which grew to become a successful business.
In 2000, Mike was given the responsibility of managing his family's estate. He decided to trust a professional financial planner to manage the investments. The results were disastrous, and for two years Mike watched the value of his family's investment portfolio plummet. So he fired the planner and began to educate himself.
"I soaked up the information like a sponge. I studied every evening for five or six hours, and all day long on weekends." Delving into financial markets, and both domestic and global economics, Mike discovered a passion for monetary history, devouring dozens of books and thousands of web pages. He discovered that the same economic patterns, or cycles, kept repeating over and over throughout history, from ancient times to modern day.
One recurring cycle, the inflation and subsequent crash of currencies, always ended the same way: with a return to the safe haven of gold and silver. From his years of studying, it became apparent to Mike that the global currency system was headed in this direction again, only with an intensity that would be magnitudes greater than previous similar events, due to the size of our modern global economy.
With that newfound understanding, Mike invested heavily in gold and silver, where much of his wealth remains today.
Along the way in his journey, Mike met financial educator Robert Kiyosaki, author of the "Rich Dad, Poor Dad" series, and was invited to speak at one of Kiyosaki's seminars. That experience inspired Mike to share his understanding of economic history and recurring "wealth cycles" with others, so that they, too, would have the ability to secure their wealth and their families' futures against the certain future crash of the global currency system.
He began speaking at investment seminars all over the world. After founding GoldSilver.com in 2005, he began work on his book, Guide to Investing in Gold and Silver. In 2010 he launched WealthCycles.com as another forum via which to help educate and empower others to benefit from history's greatest wealth transfer.
"For 2,400 years as people have lost faith in fiat currencies, they have turned to 'real money,' gold and silver," Mike says. "Today the stage is set for a worldwide 'gold rush' to the safe haven of precious metals just when supplies of those metals are precariously low. The opportunity for those who position themselves in precious metals ahead of the crowd is like none we will see again in our lifetimes."
Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have been money: gold and silver. When paper currency becomes too abundant, and thus loses value, man always turns back to the precious metals. During these events there is always an enormous wealth transfer, and it is within your power to transfer that wealth either away from you or toward you.
Guide to Investing In Gold and Silver
Available at Amazon.com and bookstores worldwide