Paperback: 184 pages
Publisher: CreateSpace Independent Publishing Platform; 1St Edition edition (April 27, 2012)
Language: English
ISBN-10: 1475185278
ISBN-13: 978-1475185270
Product Dimensions: 6 x 0.4 x 9 inches
Shipping Weight: 11.8 ounces (View shipping rates and policies)
Average Customer Review: 4.3 out of 5 stars See all reviews (89 customer reviews)
Best Sellers Rank: #209,924 in Books (See Top 100 in Books) #6 in Books > Business & Money > Economics > Inflation #39 in Books > Textbooks > Business & Finance > Banking #223 in Books > Business & Money > Economics > Banks & Banking
The authors, M. MacDonald and C. Whitestone, in their book titled "The Silver Bomb: Beyond the Return of Metal as Money" predict a return to metal as the world's primary currency. They give interesting historical overview of money, currencies, value and prominent role silver and gold will play in the return to metal as money, but I cannot deny the feeling which this book left during and especially after reading it. Definitely it could have been said in less words and pages, because repeating what was previously said was not interesting. I like the idea and synopsis, and I had great expectations of this book. Some of presented information is interesting and educative, some isn't, but the punch-line is obvious, presented and explained in a very informative way.If the reader looks at this book as a tool for awakening people to the imminent explosion of The Silver Bomb and what to do beyond the paper money crisis, than it served its purpose. This book will help people understand how to navigate the rough economic seas ahead, and even further into how to invest in silver and gold in order to preserve value in the long term.Book consists of lot of interesting details and quotes, and even though I scribbled quite a few of them while I was reading; I would like to share just two:First quote is about historic lesson in economics which Gresham told to Queen Elizabeth I "... that good and bad coin cannot circulate together".,The second is evolved idea of former historic lesson in the time when money in an electronic account can disappear in a millisecond "If you can't touch it, then you don't really own it".
I already read Mike Maloney's book and this is just a repeat but not nearly as good. There is one chapter on silver that get's you excited and the rest is history and the like. I really don't recommend it. Buy Mike Maloney's Gold and Silver book instead.
"The Silver Bomb: Beyond the Return of Metal as Money" by Michael MacDonald and Christopher Whitestone starts off with a rather interesting history of money. Not only is it a history of money but how it makes and breaks Kings, Empires and Nations. Also how it played a role throughout history regarding politics, things like the news we see or hear and those who hold the money, the banks. The Federal Reserve Bank plays a huge role in the US Dollar and the manipulation of it. Since Nixon did away with the dollar being backed by gold and into what we have now, the "fiat" dollar which means it is not backed by anything, the dollar has been depreciating. The 'run' of any fiat money is about 30 years and we are past that time, in other words we are on borrowed time with the US Dollar. Points are made pointing to this throughout the book with citing not only events in history to back up their claim but signs and events in recent times, some as recently as last year. Reasons are given why silver is believed to be what will be backing money and not gold although gold will remain highly prized but the problem with it is it will be less available. They also go into things you should know before you invest and how to invest wisely in metals describing what ingots are and troy ounces. What a 'household' person (vs. someone who uses the metals for a business such as a jeweler) should invest in and why which goes into a very educational history of gold and silver coins and the right of confiscation of gold and silver by the government which has already been done several times throughout history and the right to do it again which they still have today. I found the book very interesting, not only the history part of it but the opinions of the authors and what they based it on which is clearly explained. I did note some format issues but it didn't interfere with the information being provided. I recommend this book to everyone in hopes you will be ready when 'The Silver Bomb" goes off.
In my opinion, there is really nothing new here that hasn't already been published elsewhere, countless times over. However, that said, it would be good reading for any first time readers on the subject of the history of money / currencies / politics and the role precious metals have played in the past as well as what is coming in regards to them. For those "NEW" to this subject then I recommend it.
This book was a decent read. It was a little slow moving in the beginning for me (thus the 3 stars) with a long narrative on the history, etc. and then about 2/3 of the way into the book it got into what I thought the book was going to actually be about. But then the rest was a very quick read (a little too quick). A bit oddly put together at times as well, but certainly chocked full of information. I enjoyed reading this book and would do so again as there is a ton of info. in here (especially if you want more history). If you are thinking about the future and evaluating gold and silver, then this is a good book to read, (but not as good as Maloney's "Guide to Investing in Gold and Silver") Read both, but if you only have time or money to buy one, buy Maloneys.
Anyone giving this book a 5 star rating is simply a silver bug (and I consider myself one) ..... who would give ANYTHING written that promotes silver a 5 star rating. Please. This book clearly had no editor, there is not a single footnote to be found supporting ANYTHING being asserted here, and the book is so disjointed and lacking fluidity that it gave me a headache merely attempting to read it. That the only reviews appearing on the book are from "Douglas D. Anderson, Entrepreneur and former banking Executive," "Jed Bozza, Wirter and Investor," and "Michael P. Sakowski, Author" of some other book, should tell you all you need to know. Try looking up any of these commentators in Wiki ..... not one of them can be found. This book is mostly about the history of silver, in dreadful prose, but ends in a few, short bizarre chapters that suddenly move from espousing the inevitable price explosion of SILVER to suggesting how you should AVOID buying bullion and instead buy numismatic, pre 1933 gold coins and Morgan dollars so as to avoid government confiscation !!...... WTF ???? I'm telling you, this book, is beyond bad ..... it's contradictory, confusing, poorly written, and bizarre. Read David Morgan, Ted Butler, Peter Schiff, Michael Maloney, James Rickards, instead.
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