Review on Why Gold? Why Silver? Why Now? by Jonathan Quek

This is a Review on Why Gold? Why Silver? Why Now? by Jonathan Quek. The book is written in 6 parts. I will give a short review / summary on each part of the book.

Part 1 – Fiat money and the fairly tale bank: Understanding inflation and the Federal Reserve

This part covers a comprehensive explanation in US monetary history. It discussed about the creation of Federal Reserve System (Fed). It emphasized that Fed is neither ‘federal’ nor it has any ‘reserves’. The evolution of money could be broken into 5 stages which are: 1. Barter Trade, 2. Gold and Silver, 3. Gold and silver certificates, 4. Fractional reserve banking and 5. Fiat Currency. These 5 stages are based on US monetary history. Many examples are giving through using US Congress, Fed, The Great Depression, Bretton Woods system, etc. Since all countries currencies are directly and indirectly pegged to US Dollar, the printing money in US affects the rest of the world that leads cash to become trash.

Part 2 – The debt and the dollar: Understanding symptoms of economics doomsday

This part discussed heavily on global economy. US as the largest economy power is put into microscope and being analyzed. US is trouble in due to the Food Stamp Participation, military spending, housing bubble, unemployment rate, new debts, and inflation. Also, discussion on many countries that have been through hyperinflation including Argentina, Austria, Brazil, China, Israel, Mexico, Philippines, Russian Federation, Taiwan, United States, Zimbabwe, Germany, Greece and the collapse of European PIIGS (Portugal, Ireland, Italy, Greece, Spain). Leaders who are in economical power always choose the easy way out during financial crisis (to print more money to solve the problem), rather than admitting to their mistake and rectify the root cause of the monetary problem.

Part 3 – The prophets of wealth: Our economics future and interviews with the experts.

The part discussed the possible global economy scenario. 1. Mild Inflation, 2. Deflation, 3. Major Inflation, 4. Hyperinflation. Regardless of which scenario, gold and silver will continue rising. Among all, mild inflation is the least likely to happen; while hyperinflation is the most likely to happen. Jonathon explained in detailed about hyperinflation using Germany as an example. The chapter also gave top 12 warning signals of hyperinflation and each signal is explained with specific examples. This part ended with some short interviews with Jim Rogers, James Turk and Victor Foo.

Part 4 – The gold and the bold: ABCs of investing in gold

This chapter covers the fundametal in gold. It describes the 10 characteristics of gold and 5 reasons on why gold is the most treasured among all precious metal, 3 main sources of the gold supply and 3 major demands of gold. Also, this part of the book includes practical guidance on how to purchase gold in Malaysia and explaining some of the terms in precious metal investing. This part ended with 18 hottest questions and Jonathan has answered them in very simple manner.

Part 5 – Silver, the new gold: ABCs of investing in Silver

“If you think gold is good…wait till you see Silver!”, that’s how Jonathan put into his book. Just like all of us who see the potential in silver investment, Jonathan too believes silver as investment will be very profitable. In this chapter, he talked about 5 major reasons why silver is a good investment. He continued with discussing how one can buy himself some silver as investment. The chapter ended with a list of FAQ related to silver investment. This chapter consist of 28 pages of content.

Part 6 – Cruising in your ark amidst tsunami: Gold and silver, the barometer of world prosperity

The last chapter is a short chapter. Jonathan emphasis the importance of investing gold and silver because the next financial tsunami is coming. This is an unfair transfer of wealth, whether you like it or not. He has illustrated with several ASEAN countries on how did precious metal perform during 1997 financial crisis. Lastly, he again urged everyone to invest in gold and silver!

Hope you have enjoyed reading the Review on Why Gold? Why Silver? Why Now? by Jonathan Quek. If you are interested to get one copy for yourself, you can buy it from BookPlanet. If you find this review useful, please share it :) If you like to get update from me, please subscribe now to get updates from me from time to time.

Silver Price Movement

Silver price has been very exciting in the past 12 months. If you look at the below chart, you can see that within a short period of time, silver price has shoot up to USD 49 and felt down to USD 27. If an investor unfortunately bought silver at USD 49, he would probably get a heart attack when silver price hit USD 27. That is 45% price drop!

What can you tell from the above chart? If you are like most people (including myself), this chart doesn’t seem very interesting. However, I met a new friend from Facebook and he has pointed out something very interesting from this chart and I have decided to share it here. Look, this is what he has shown me:

Silver price seems like consistently not able to break several major resistant levels. Resistance level is where the price tends to find resistance as it is going up. This means the price is more likely to “bounce” down this level rather than break through it.

By looking at the chart, it silver price is potentially not able to break the current resistance level like how it happen during May 2011 and Sept 2011. It seems the possibility of silver price going down is higher than the possibility of silver price going up. However, if silver price is able to break this resistance level, the price might shoot up significantly.

So what can you do with this information? Well, if you believe silver price is not going to break this resistance level, you should not buy any silver in the next few days and wait for silver price to significantly go down before buying. On the other hand, if you do not believe in this trend and believe silver price will break this resistance level, you should buy now before the price shoot higher.

Time will tell whether silver price will go up or go down. In the mean time, where do you think silver price is going?

5 Tricks Bullion Dealers Use to Make You Buy

1. Fear

There are two emotions that control investment decisions: greed and fear. When it comes to gold and silver, fear is probably the most relied upon. That’s because of the nature of precious metals as hedges against inflation and depression. Right now, bullion dealers don’t need to use scare tactics to get you to buy – demand is strong on its own. When they start falling back on doomsday prophecies, (however real they may be), in order to sell coins, you’ll know the time to buy has passed.

2. Greed

The flip-side of the fear coin is greed. Right now, there are plenty of people who’ve made a bundle on gold and silver, and their numbers are only going to increase. When gold and silver are at their tops, dealers will rely on tales of clients who got rich buying from them. Jumping on the bandwagon at this stage will be too late. Right now, signs all over the country say “We Buy Gold.” Once salesmen turn to cheap tactics to sell the stuff, the tide will have turned.

3. Everyone’s Doing It

A slight variation of the above, the “everyone’s doing it” tactic doesn’t focus on people who bought gold and silver – that’s past tense. No, you can’t use the “it’s too late” excuse to this come-on; people are buying now – and you’re going to be left out. It’s amazing how human beings fall for this trick, but we are social creatures by nature. It has happened before with the housing-market bubble, and the Nasdaq bubble before that. Heck, you can Google tulip mania if you want to see how persuasive the “everyone’s doing it” argument can be. Don’t fall for it.

4. It’s Running Out

In this case, the “it” could either be the precious metal(s) in question (gold and/or silver), or time, or both. The idea is that something is scarce: whether it’s the product being sold, or the time to buy it — perhaps the time to buy before a big spike in price. Silver is unquestionably rare, but demand has remained sufficiently thus far. And rest assured, no one is going to know for certain when “it’s running out.” If they knew, then they wouldn’t be trying to sell it – they’d hold it until the scarcity was obvious and the metal was therefore that much more valuable!

5. Special Deals

For the most part, gold and silver dealers are fair shooters. This isn’t necessarily because they’re cut from a different cloth, but because they deal in commodities. Bullion dealers make their money by buying at or slightly below spot, and selling at a slight mark-up to the spot price. It’s a volume game. Thus, bullion dealers don’t offer special deals – there’s no need to in the current market. But if things change and dealers start pitching “deals” to customers, you can bet that the deals will be no deals at all.


Why Gold? Why Silver? Why Now? from Donation

Since the launch of the eBook “Practical Guide for: Investing Silver in Malaysia“, I have received 2 generous donations. One from Mr. Yong who has donated RM30 to my bank account. Another from Bernard Tan who has rewarded me an 1/10 oz of ASE round.

The donation so far is about RM40. I have decided to spend this amount of money back on something that can benefits the readers. See this image? Yes, I have spent the money to purchase the book written by Jonathan Quek titled “Why Gold? Why Silver? Why Now?” (that costs RM39.90) I understand a lot of people would like to know more about what other silver experts are saying but just too busy to find the time to read the whole book. The objective I bought this book is to write a review on this book and let you know what this book is about.

I have received the book yesterday with Jonathan Quek’s autograph on the book:

Why Gold? Why Silver? Why Now? by Jonathan Quek

So, stay tune for my next post on writing a review on the book  written by Jonathan Quek titled “Why Gold? Why Silver? Why Now?“. In case you are interested to buy the book as well, you can order it online from BookPlanet

eBook Silver Malaysia

Practical Guide for: Investing Silver in Malaysia

The first silver investment in Malaysia eBook has been published titled Practical Guide for: Investing Silver in Malaysia !

Please click on the Download button below. It will lead you to a very simple registration page. I will need your name and email address so that I can send it to you. If there is a newer edition of the book, I will notify you through the email you have provided.

Sorry, this eBook is taken down for information update. Please subscribe to my mailing list . I’ll inform you immediately when the book is open for download again.

Sorry, this eBook is taken down for information update. Please subscribe to my mailing list . I’ll inform you immediately when the book is open for download again.

“Read this ebook. You will learn how to purchase your first silver coin in Malaysia within the first few pages. Daniel had done a great job producing this practical guide!”,

– KCLau, author of Top Money Tips for Malaysians and Top 93 Personal Finance FAQs in Malaysia

Ah Yu Electronic Scale

Ah Yu, one of the silver accessories sellers in Facebook. I bought an 2000 gram electronic scale from him. The accuracy for the electronic scale is up to 0.01 oz and 0.1 gram respectively. The cost is RM 75.

Here are some of the coins, rounds and bars I have that I used the electronic scale to measure their weight. The following image is my latest collection American Silver Eagle 2012. You might barely see the “2012” in front of the coin, but the device shows the coin weight perfectly at 1.00oz. Continue reading

Gold Silver Ratio

The gold silver ratio is frequently analyzed by investors, traders and speculators. These people use it to determine which metal is overvalued. Precious metal enthusiasts are familiar with the gold silver ratio, but most casual investors are baffled by the term and what it means.

Take a look at an interview video from one of the silver experts, David Morgan.

Simply put, the gold silver ratio tells how many ounces of silver it would take to buy a single ounce of gold. Traditionally, the gold silver ratio was used by governments to determine the ratio of gold coins minted to silver coins minted. The first US gold/silver ratio was set by the government in 1792. Fifteen ounces of silver coin could be minted for every one ounce of silver. That means the gold silver ratio was 15:1. The ratio has occasionally Continue reading

eBook: Practical Guide for Investing Silver in Malaysia

This is about the new eBook I’m writing title: Practical Guide for Investing Silver in Malaysia. After blogging about silver in Malaysia for few months, I realized the posts that I wrote have been very much on my random thoughts and ideas rather than information being presenting in any particular structured manner. Therefore I have decided to write a simple eBook to share the knowledge regarding silver in Malaysia. The content mostly are my personal first hand experience, but obviously I do not know everything; on those topics that are important and I do not have first hand experience, I’m doing my best to research on the subject before present it into the eBook. Continue reading

Asiana Sulong

This is a review on one of the most active silver sellers in Malaysia. Asiana Sulong has been selling her silver in Facebook for some times, I have bought from her 2 times. Overall I’m happy dealing with her except there is a little misunderstanding in the delivery process but gratefully we managed to sort it out.

Anyone who has bought from Asiana Sulong before might probably recognize the following picture. In fact, I published the photo on my Facebook and immediately there was a friend commented on it saying “It must be Asiana Sulong packing!“.

Continue reading

American Silver Eagle 2012 in Malaysia

American Silver Eagle (ASE) is one of the most popular silver coins in Malaysia. Year 2012  has arrived and unfortunately at the point of writing this, there is still no sign for ASE appearing in Malaysia silver the market yet. Apmex has started selling it, I’m sure some of the local silver distributors have bought them and perhaps waiting for the arrival to Malaysia.  I’m one of the people who has been expecting and waiting to own at least a piece of it to appreciate the beauty of the coin.

A lot of collectors and investors bought  American Silver Eagle not only for the beautiful design but also for the liquidity (how easy to sell it off if a person need to convert the silver in cash). Mike Maloney once said his favorite silver coin is ASE too! Continue reading