hi this is mike maloney and i've got jeff clark with me and jeff clark has written a great article uh not only you know he's telling a little bit of his personal story but it's very entertaining and incredibly educational uh and it deals more with uh you know it isn't like numbers and percentages and all of this stuff it's more about uh people's emotions and how they feel of and perceive certain things jeff tell me a little bit about your article well thank you mike that's an honor to


uh have you feel that way about it so thank you um yeah it was a fun article to write and it's a true story and it is the it's how i came up with uh my bio description on my twitter handle and that is financial planner shriek at my portfolio so this is a true event back in 2005 i had a a broker a financial planner that i would meet with uh i think twice a year to go over my portfolio and uh he would make some adjustments and things like that and for years i really wasn't you know earning much profit it wasn't growing


that much except the money i would or the currency that i was putting into it and so i got a little disillusioned and if you remember uh that's when real estate started to get really frothy the stock market was getting over value we were still adding a lot of debt even though the economy was doing well so i was getting concerned and i thought it was time to play defense so i did buy some uh gold and silver back then that's when i first started buying and for those that know my background my family has been


um my dad was a prospector for many many years so we had already owned some gold but i started buying investment grade bullion back then i also had inherited some so you added it up uh and it was a significant portion of my portfolio and at the same time i started thinking i need to sell some stocks and begin to move out of that market so i did that and at my next meeting with this financial planner he was uh not very happy he was not very pleased in fact he he looked at my portfolio you know on paper in front of him and i


could see the look on his face he he had this momentary fleeting look of shock you know he was just truly shocked and he actually said to me physical gold why do you own that what good is that going to do you and at that moment mike i think in my gut i knew i was on the right track because of his reaction so and and to be fair this was a nice guy he he's a good guy you know he was doing his best but he was trained to you know push people into stocks and bonds and his portfolio was not where i thought i wanted to be


and so we eventually parted ways and as i show in that article my portfolio has done much better than his uh 60 40 stock bond portfolio so um it was a real life lesson and of course i'm still overweight i'm in fact i'm much more overweight gold and silver now including mining stocks than i was back then uh and that's been highly profitable you know uh for me this year here in 2020 um so i i i'm fully positioned for what i think is is coming ahead that you have talked about so well


and by the way i just have to give you a shout out it was about that shortly after that time i think your book came out and i read your book and that was just another reinforcement to me that i was on the right track and it's amazing to me that book is so good but it meant a lot to me back then and it's it's amazing that book is still the number one bestseller on gold and silver investing still today so uh that book was uh helpful to very helpful to me back then as well mike so but you know my gut was right back then


and my gut about the future is i need to remain overweight in gold and silver no guarantees but i think i'm going to be right i think so too uh you know i i used to tell people when they'd asked me uh about my portfolio i would say oh well i'm fully diversified i've got both gold and silver [Laughter] i love it and now uh you know uh thanks to you and and dan i got back into uh some of the mining stocks because um that you know we've we've probably we saw the lows back in 2015


uh and uh i don't think we're ever going back to those lows and they are doing a you know gold and silver doing a consolidation right now and i'm actually hoping for a further pullback i know the listeners the viewers hate it when i say that but i do want the opportunity to pick up a few more uh stocks some mining stocks um but you know one of the things that i want to say and i want people to know is what a pleasure it is working with you jeff first of all for everybody out there jeff is probably


the most egoless guy that there is he doesn't take offense at every anything and then if you look at his article you know i just i i read it a little while ago and um he's mentioning me and hidden secrets of money in there and and sort of uh sharing the spotlight with with everybody and i appreciate it jeff i want to thank you very much and i just want to let you know what a pleasure it is to work with you oh mike well thank you that means a lot coming from you so thank you very much um yes but but i


mentioned those things not just to share the limelight but because they meant a lot to me hidden secrets of money especially your book and if people have not read it there's a free download link at the the bottom of this video you can download it for free he did an updated version over the one i originally read so it's it's very very good it's a very good basis uh you know and how to get started and why to get started the the why is the the really big thing and that's and that


is why you know uh financial planners shriek at my portfolio yeah you know uh the reason i went down this road in the first place and got started on precious metals was a financial planner that was uh controlling my mother's estate my father had uh died and left enough to take care of my mother just fine for the rest of her life and a financial planner uh was controlling it and we saw more than half of it vanish uh very quickly in the you know after the nasdaq crash uh a whole lot of the portfolio


uh went away and so i moved everything to cash and i started studying all of this and uh came to the conclusion then by october of uh 2002 uh started going into gold and i started plowing her into gold and i bought a whole a whole slew of mining stocks 53 different mining stocks i was taking a shotgun approach it's best if anybody does go with mining stocks the only thing that i ever recommend is getting a better financial education always do that but one of the things robert kiyosaki said to me years ago is that investing


is a team sport and you want the best advisors that you can so you know jeff studies the uh mining sector so you might want to get some information from jeff and there's people out there like my friend david morgan and a whole host of uh people that uh there's uh louis james is another very good analyst that i would suggest taking a look at if you're going to dip your toe into mining stocks but always remember there's risk that comes along with the stocks that the precious metals


themselves don't contain yes those companies may have gold in the ground but you know you can still have a mine collapse you can have a epa shut down you can have a strike you can have bad management and the management runs off with all the currency read about breaks if you want to know what the ultimate disaster is uh that took down the entire mining sector for a little while it was such a huge scandal but uh uh mining stocks can add a tremendous amount of leverage uh if if gold goes up a dollar they may


go up three dollars or five dollars or ten dollars 10 but they give the same amount of leverage on the way down so you you this has cycles to it you want to be in there uh during the correct portion of the cycle uh but yes you know for me it's the same way when i started going into uh gold and silver that my financial planner was just horrified you know oh that's too risky you know what's hilarious during the bull market of the 70s gold and silver was the best performing asset and by the time it got to its peak every


financial advisor uh started recommending 10 percent 10 or 20 percent of your portfolio in precious metals just as the bull market was finished and it was going down that's when they all started recommending and so people followed their advice and had these huge losses and it went on and by the time you get into the 90s they're recommending 10 or 5 by the time you get to the year 2000 when this bull market started nobody recommended any gold in your portfolio because it was dangerous it's something to stay


away from way too much risk if you're going to put gold in your portfolio i started telling people about gold and they go oh that's the worst investment you could make it's been going down for 20 years and my response was always exactly it's been going down for 20 years don't you get it right isn't it amazing mike that both you and i got here to where we are today because in direct response to the financial planner community yes well they're programmed and yeah and i want


to thank the financial planner that lost more than 50 percent of my mother's estate because it caused me to go down this road and the mining stocks and the precious metals that i put her into um i i was able to make every all the losses back and then some and so uh it uh you know i that we had one 40 bagger on uh you know the in in the swath of mining stocks that i got there was only like three there were 53 mining stocks three went out of business another three had losses but the rest of them all had


some gains and some of them were just enormous and so uh and i was basically uh looking at uh newsletters and things and and uh picking uh you know tips from um people like jim paplava of financialsense.com and david morgan and uh and so on and so forth so i was looking at the news i was building a team and you don't have to have your team like together on your payroll all you have to do is subscribe to a newsletter that's part of your team then i highly recommend that even i even though i've worked as a mining analyst i


subscribe to two letters and yes louis james is one of them so um yeah so make sure i think the point is make sure you had your gold and silver in place before you go down the road of mining stock so well mike this is a great discussion and thank you again for the compliments i enjoyed it and that's a fun article if you haven't read it everyone so check it out and mike thank you i'll see you down the road at the next video okay i want to let everybody know that they should go to goldsilver.com and read


jeff's article it's entertaining and fun and it's short too it's very easy to read so thank you very much and we'll see you next time


 hi this is mike maloney and i've got jeff clark with me and jeff clark has written a great article uh not only you know he's telling a little bit of his personal story but it's very entertaining and incredibly educational uh and it deals more with uh you know it isn't like numbers and percentages and all of this stuff it's more about uh people's emotions and how they feel of and perceive certain things jeff tell me a little bit about your article well thank you mike that's an honor to


uh have you feel that way about it so thank you um yeah it was a fun article to write and it's a true story and it is the it's how i came up with uh my bio description on my twitter handle and that is financial planner shriek at my portfolio so this is a true event back in 2005 i had a a broker a financial planner that i would meet with uh i think twice a year to go over my portfolio and uh he would make some adjustments and things like that and for years i really wasn't you know earning much profit it wasn't growing


that much except the money i would or the currency that i was putting into it and so i got a little disillusioned and if you remember uh that's when real estate started to get really frothy the stock market was getting over value we were still adding a lot of debt even though the economy was doing well so i was getting concerned and i thought it was time to play defense so i did buy some uh gold and silver back then that's when i first started buying and for those that know my background my family has been


um my dad was a prospector for many many years so we had already owned some gold but i started buying investment grade bullion back then i also had inherited some so you added it up uh and it was a significant portion of my portfolio and at the same time i started thinking i need to sell some stocks and begin to move out of that market so i did that and at my next meeting with this financial planner he was uh not very happy he was not very pleased in fact he he looked at my portfolio you know on paper in front of him and i


could see the look on his face he he had this momentary fleeting look of shock you know he was just truly shocked and he actually said to me physical gold why do you own that what good is that going to do you and at that moment mike i think in my gut i knew i was on the right track because of his reaction so and and to be fair this was a nice guy he he's a good guy you know he was doing his best but he was trained to you know push people into stocks and bonds and his portfolio was not where i thought i wanted to be


and so we eventually parted ways and as i show in that article my portfolio has done much better than his uh 60 40 stock bond portfolio so um it was a real life lesson and of course i'm still overweight i'm in fact i'm much more overweight gold and silver now including mining stocks than i was back then uh and that's been highly profitable you know uh for me this year here in 2020 um so i i i'm fully positioned for what i think is is coming ahead that you have talked about so well


and by the way i just have to give you a shout out it was about that shortly after that time i think your book came out and i read your book and that was just another reinforcement to me that i was on the right track and it's amazing to me that book is so good but it meant a lot to me back then and it's it's amazing that book is still the number one bestseller on gold and silver investing still today so uh that book was uh helpful to very helpful to me back then as well mike so but you know my gut was right back then


and my gut about the future is i need to remain overweight in gold and silver no guarantees but i think i'm going to be right i think so too uh you know i i used to tell people when they'd asked me uh about my portfolio i would say oh well i'm fully diversified i've got both gold and silver [Laughter] i love it and now uh you know uh thanks to you and and dan i got back into uh some of the mining stocks because um that you know we've we've probably we saw the lows back in 2015


uh and uh i don't think we're ever going back to those lows and they are doing a you know gold and silver doing a consolidation right now and i'm actually hoping for a further pullback i know the listeners the viewers hate it when i say that but i do want the opportunity to pick up a few more uh stocks some mining stocks um but you know one of the things that i want to say and i want people to know is what a pleasure it is working with you jeff first of all for everybody out there jeff is probably


the most egoless guy that there is he doesn't take offense at every anything and then if you look at his article you know i just i i read it a little while ago and um he's mentioning me and hidden secrets of money in there and and sort of uh sharing the spotlight with with everybody and i appreciate it jeff i want to thank you very much and i just want to let you know what a pleasure it is to work with you oh mike well thank you that means a lot coming from you so thank you very much um yes but but i


mentioned those things not just to share the limelight but because they meant a lot to me hidden secrets of money especially your book and if people have not read it there's a free download link at the the bottom of this video you can download it for free he did an updated version over the one i originally read so it's it's very very good it's a very good basis uh you know and how to get started and why to get started the the why is the the really big thing and that's and that


is why you know uh financial planners shriek at my portfolio yeah you know uh the reason i went down this road in the first place and got started on precious metals was a financial planner that was uh controlling my mother's estate my father had uh died and left enough to take care of my mother just fine for the rest of her life and a financial planner uh was controlling it and we saw more than half of it vanish uh very quickly in the you know after the nasdaq crash uh a whole lot of the portfolio


uh went away and so i moved everything to cash and i started studying all of this and uh came to the conclusion then by october of uh 2002 uh started going into gold and i started plowing her into gold and i bought a whole a whole slew of mining stocks 53 different mining stocks i was taking a shotgun approach it's best if anybody does go with mining stocks the only thing that i ever recommend is getting a better financial education always do that but one of the things robert kiyosaki said to me years ago is that investing


is a team sport and you want the best advisors that you can so you know jeff studies the uh mining sector so you might want to get some information from jeff and there's people out there like my friend david morgan and a whole host of uh people that uh there's uh louis james is another very good analyst that i would suggest taking a look at if you're going to dip your toe into mining stocks but always remember there's risk that comes along with the stocks that the precious metals


themselves don't contain yes those companies may have gold in the ground but you know you can still have a mine collapse you can have a epa shut down you can have a strike you can have bad management and the management runs off with all the currency read about breaks if you want to know what the ultimate disaster is uh that took down the entire mining sector for a little while it was such a huge scandal but uh uh mining stocks can add a tremendous amount of leverage uh if if gold goes up a dollar they may


go up three dollars or five dollars or ten dollars 10 but they give the same amount of leverage on the way down so you you this has cycles to it you want to be in there uh during the correct portion of the cycle uh but yes you know for me it's the same way when i started going into uh gold and silver that my financial planner was just horrified you know oh that's too risky you know what's hilarious during the bull market of the 70s gold and silver was the best performing asset and by the time it got to its peak every


financial advisor uh started recommending 10 percent 10 or 20 percent of your portfolio in precious metals just as the bull market was finished and it was going down that's when they all started recommending and so people followed their advice and had these huge losses and it went on and by the time you get into the 90s they're recommending 10 or 5 by the time you get to the year 2000 when this bull market started nobody recommended any gold in your portfolio because it was dangerous it's something to stay


away from way too much risk if you're going to put gold in your portfolio i started telling people about gold and they go oh that's the worst investment you could make it's been going down for 20 years and my response was always exactly it's been going down for 20 years don't you get it right isn't it amazing mike that both you and i got here to where we are today because in direct response to the financial planner community yes well they're programmed and yeah and i want


to thank the financial planner that lost more than 50 percent of my mother's estate because it caused me to go down this road and the mining stocks and the precious metals that i put her into um i i was able to make every all the losses back and then some and so uh it uh you know i that we had one 40 bagger on uh you know the in in the swath of mining stocks that i got there was only like three there were 53 mining stocks three went out of business another three had losses but the rest of them all had


some gains and some of them were just enormous and so uh and i was basically uh looking at uh newsletters and things and and uh picking uh you know tips from um people like jim paplava of financialsense.com and david morgan and uh and so on and so forth so i was looking at the news i was building a team and you don't have to have your team like together on your payroll all you have to do is subscribe to a newsletter that's part of your team then i highly recommend that even i even though i've worked as a mining analyst i


subscribe to two letters and yes louis james is one of them so um yeah so make sure i think the point is make sure you had your gold and silver in place before you go down the road of mining stock so well mike this is a great discussion and thank you again for the compliments i enjoyed it and that's a fun article if you haven't read it everyone so check it out and mike thank you i'll see you down the road at the next video okay i want to let everybody know that they should go to goldsilver.com and read


jeff's article it's entertaining and fun and it's short too it's very easy to read so thank you very much and we'll see you next time