Few people have done more to explain gold to ordinary investors than Mike Maloney, author of the best-selling Guide to Investing in Gold and Silver and creator of the documentary series Hidden Secrets of Money, which has been watched tens of millions of times.
Currency is not money
Maloney's central idea is deceptively simple. The pounds and dollars in your account are currency: a medium of exchange that governments can create at will. Money, by his definition, must also store value over time, and only gold and silver have done that across thousands of years. Every fiat currency in history, he points out, has eventually lost most or all of its purchasing power. Not some. Every one.
Wealth transfers, not wealth destruction
His second big idea is that wealth is never destroyed in a crisis, it is transferred. When currencies are debased, value flows away from those holding paper and towards those holding real assets. The people who position themselves before the transfer, he argues, are the ones history rewards.
Our view
You do not need to accept every prediction Maloney makes, and we would encourage healthy scepticism towards anyone's forecasts, including his. But his core framework, that unbacked currency loses value over time while gold endures, is not a theory. It is simply the record of the last hundred years. British investors can act on it with the advantage of Capital Gains Tax free legal tender coins.
Speak to us
This is information, not a sales pitch. If you would like to talk anything through, book a call with the team or phone 0208 064 0076, Monday to Saturday, 8:30am to 6:30pm. When you are ready, our range of tax-free UK gold coins is available to browse at any time.
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Sources
- Mike Maloney, Hidden Secrets of Money series
- Bank of England, Inflation Calculator (long-term purchasing power)
Gold Tier Advisory provides information on physical gold ownership. We do not provide regulated financial advice, and views quoted are those of their authors. The value of gold can go down as well as up.
