- Audible Audio Edition
- Listening Length: 8 hours and 16 minutes
- Program Type: Audiobook
- Version: Unabridged
- Publisher: Self
- Audible.com Release Date: September 22, 2015
- Language: English
- ASIN: B015P2EOX6
- Amazon Best Sellers Rank:
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The Silver Manifesto Audiobook – Unabridged
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book. Would that 1/4 of each new college economics class had thoroughly read "The Silver Manifesto" before attending classes. The
resulting questions would be interesting if not truly entertaining.
The first part of the book covers a little silver knowledge which is specific information to understanding the rest of the book. The
next part covers the History of silver in America. This history contains the use of silver as monetary standard in the U.S. and
covers applicable laws enacted over that course. The only problem I have with this part is that it occasionally jumps around
chronologically and is far from lite reading. Nevertheless, the information will be interesting for most.
Silver supply and demand mechanics or dynamics are covered in the next part which is an insight into what David does for the market.
These are very important facts and observations if the reader is ever thinking of delving into the world of mining stocks. This is
also important for the physical metals investor for it's insight into the supply/demand ratio in estimating future silver deficits
in regards to mining stocks and/or investing in the metal itself. The only problems I can find are that there are some errors in the tables and illustrations. If something doesn't make sense, just add it up for yourself and write in the new numbers. Don't forget to change them in the explanative test.
Chapters 5 to 7 comprise a mini-third-level course in banking and economics. In fact, they should be broken into two courses.
Chapter 5 by itself is enough for one course, Money and Banking. Chapter 7, The Austrian Business Cycle is another College Level
course. What happened to Chapter 6? It should have been put somewhere in the malfeasance section. It is a good chapter that will
make you angry and/or scare the hell out of you, but the next part seals that. The problem with this part of the book is that the authors assume the readers have some knowledge of macro economics and use some undefined economic indicators (like you would have learned in those one and two level economics classes). Tables and illustrations are a little weak, and are in black & white converted from color.
The rest of the book covers the trouble various entities have produced in their effort to make (steal) money. This part really
details where the economy and the world are heading off the tracks and what looms in the future. These chapters are better than
an Alfred Hitchcock thriller if you want the crap scared out of you. Tables are again a problem along with the assumption of economic understanding.
In the last part of the book, David and Chris show the reader how to evaluate a mining stock in a quest for quality. This is
a good treatise on the nuts and bolts of this endeavor with all the charts and reports. Much of this can be applied to practically
any company, but a lot of it is mining industry specific. If you get David's newsletter, he does a lot of this evaluation and
reports it to subscribers.
The last chapter, Beyond Silver is a forward looking treatise on the economy with an emphasis on silver (the book is after all "The
Silver Manifesto"). It is a short, lighter read that sums-up or helps you draw investing conclusions based on the material that
Last, but not least, is a resource section that will allow the reader to learn more on some things contained in the book. This is
an important section of the book. The resources contained are good solid providers of information, and information is power,
something that allows us to survive in the looming economic conditions.
Overall, I gave this book a rating of 5 Stars, even though there are problems. The authors were not english majors, although the current crop of liberally trained graduates coming from college are not a whole lot better. This book is not an easy read. There is so much information in such a small space that things got shortchanged to make it of reasonable length. Some parts of the book require some knowledge of economics to make sense. The authors did their best to make the book readable, but still contain enough meat to satisfy the hungry lion while letting the little dogs pick at the easy stuff. This could have been the overall epitome of this subject, but it would have weighed a lot more and cost more too. The authors seemed to opt for a book that was readable while covering the subject in pretty good depth.
The book concentrates mostly on silver, as opposed to many other publications and opinions that mostly involve gold, providing a monetary history view of silver as sound and honest money which was selected by the free market across nations and cultures. He discusses the Austrian economics school of thought, and explains how fiat currency, central banks, fractional reserve banking, are distorting the economy, which will lead to an eventual collapse of fiat currency. He emphasizes that all precious metals are undervalued, but especially silver, that as opposed to gold (another monetary metal), also has a great deal of industrial applications (a true commodity). Some overview of investing in silver via mining stocks is also covered, as another venue of being exposed to the rising importance and value of the silver metal.
There are also chapters providing a lot of graphs and tables about various economic trends and stock analysis, though I found them to be a bit dry and I didn't read them with great focus. But for the most part, the book does a solid job of providing the monetary history of silver, its current usage, and the possibility of rising importance and value of it.
I've learned this information over the years so it was more of a recap for me; but a message worth repeating anyway. Investing in silver will be one of the best decisions we can make to prepare for the coming monetary reset and resulting impacts it will have on our way of life. Those who aren't familiar with the history of money and economics in general should give this book a try. Another book to try is Mike Maloney's "Guide to investing in Gold & Silver"