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Today Mike Mike Maloney answers a very interesting question from Jeff Clark – “Is there a scenario under which you would take out a loan to buy gold and silver …
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Would I Take Out a Loan to Buy Gold & Silver? Mike Maloney
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Those who need to take out a loan to acquire gold and silver shouldn't be taking out loans for gold and silver. Mike is wealthy and already owns massive amounts of gold and silver this loan for him makes sense but it wouldn't for most people.
Don't do it. Banks will always find a way to get back what they are owed.
I sometimes use credit to buy sharp dips, but I also have an understanding that until its paid off, it's still not mine, and I'm still adding to the cost.
Good luck with your farm project, Mike! I hope it goes well 🙂
So many honey traps BC, realestate, shares, lending, bank investments. Like you I don’t believe in their debt system as a long term vehicle only short time. I own everything along with a heap of metals stored in multiple places in secure vaults. Thanks for your sharing
Take Twitter profits while you can and purchase silver today!
So if wouldn’t take a loan you couldn’t pay back immediately why would you borrow anyway ?
"Your assets should always exceed your liabilities". A simple truth to put at the top of the 'pro's & con's' balance sheet when determining how much of a gamble am i willing to take? What if I lose? Will my losses exceed my ability to survive? Don't let the POSSIBLE upside blind you to the POTENTIAL downside. The Commie Bankers DON'T want sound money & they make the laws. IF gold ONLY has value on the black market, can you live as a criminal?
Gold maybe but not silver. Gold will skyrocket while silver is left behind. Reason: like milk, eggs, and bread, silver is too important to our society so it is price-controlled and isn’t effected by inflation.
So from bitcoin crashing to taking a loan for gold and silver. You guys are con artist.
i taked debt to buy bitcoin at 13K yes yes I am the best
Just to make sure you heard the crucial part about the Loan:
If you take a loan, it should be a loan that you can easily repay in a moment call… If you don't know what that means you probably shouldn't be taking that loan.
mike wants you to take a loan to buy his product so he can finish his farm
Another hard assest to consider is graded certified coins. High end graded coins are liquid and fetch premiums at coin auctions. NGC or PGCS cert.s only. Besides liquid, easy to carry wealth in a small coin.
August 2011 = $1886 per oz
January 2021 = $1839 per oz
too much currency thats a nice problem to have mike 🙊💥🤯
Many, who have re-financed their homes, have taken out some of their home equity in 'cash back' to buy precious metals. If you are using a credit card, just ensure it's paid off each month or you'll soon get in 'hot water" over your head (debt).
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What a moron. Can he look at charts at ALL! Gold and Silver outperform financials – LOL! He is on drugs from his cannabis farm.
What is that book?
will g/s mining stocks go down in the next market crash?
If I could buy gold and silver Under spot price like Mike malony I'd take a loan too.
Instead of borrowing to purchase more Government suppressed price gold, wouldn't it be smarter to just expose the guilty names to conviction. Go after the suppressers.
Starting with the day I left my parents' home, my net worth was always in the negative. Only after I began saving in #bitcoin am I finally in the green.
From experience, before the crush don't borrow credit that is bind to the foreign currency 🙂
I have bought 70 pounds of silver on credit. From PayPal, I just pay it off before the accrued interest kicks in.
And I was happy to hear you say that borrowing money is always a risk and to be aware of that. So often I hear the opposite. I for one do not want to be deeply indebted to the system when the stuff hits the fan. Thanks for the video Mike.
Mike can u please answer this question why are u selling valuable gold for worthless paper?
I almost took out a loan in March of 2020 to buy Bitcoin. I decided against it….. wish i would have lol
is rate 0 now ?
always the same massive gold owning boomers preaching gold, no surprise
YES DO IT!!! ALL THE RICH PEOPLE HAVE DONE IT, GOLD IS ABOUT TO GO BONKERS!!!!
Thanks guys! Go gold go silver 🥈🏆🥈
Congress is corrupt to the core. BOTH SIDES ! That's why Americans are hostile.
This was longtime due as most time we knew this fiat currency is plundging cliff fall situtation it's heading towards collapse of banking currency for sure
Really because my credit score sucks and im pre approved for loans over 15,000 everywhere I turn
What is NESARA Law
Excellent advice!! As usual!!
Do you pay property tax? Yes you do, so no you don’t own the farm.
I like your videos
Hello Mike where are you buying property at United States or another countries?
Hey Mike I saw you in the documentary "How money became worthless" on ENDEVR!!!!!
I like some collector coins. I recently came across a pre-1933 with a total mint population under 300. When I come across a coin like that, I get tempted and get the plastic out. I know that is a no-no, but can't seem to help myself. LOL — I happen to be in bullion mostly and in silver, but the oldie goldies are so amazing to have.
I want a farm
Am just in time. debt, gold, and silver in the same show.
Thanks, Mike!
Debts ? High interest ? Deflation ? Fiat ?
Gold 🌟