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- Wiley
More About This Title $10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven
English
As paper currency continues to lose its purchasing power and global markets struggle in the face of economic turmoil, investors are turning to gold to stabilize their portfolios. $10,000 Gold explains why this is a smart move, arguing that the price of gold will continue climbing to $10,000/ounce and beyond in the years to come. Looking at the underlying causes of gold's rising value, the book contends that intelligent investors have no choice but to invest in this precious metal.
Written by one of the world's leading authorities on gold, the book teaches readers to think independently about gold, money, and the geopolitics that affect its price. The security of gold offers peace of mind, making fears about the fluctuation of the stock market irrelevant, and $10,000 Gold shows why, just like usual, gold remains the single best asset for preserving wealth in any economy. Looking at the world through the eyes of gold—where wealth is measured in ounces, not dollars—the book is a candid insight into the current state of the economy and how to stay safe no matter what lies ahead.
Explains why gold price will soar to over $10,000/ounceTeaches readers to reconsider the way they think about money, showing that wealth should be weighed in gold, not unbacked dollarsProvides invaluable advice on protecting money by putting it into the safest asset class on earthNo one knows what the next few years hold for the economy, but investing in gold allows for financial security in any market.
English
Nick Barisheff is the founder, president and CEO of Bullion Management Group Inc., a bullion management company dedicated to providing investors with a cost-effective, convenient way to purchase and hold physical bullion. Widely recognized as a worldwide bullion expert, Mr. Barisheff is an author, speaker and financial commentator who is a regular contributor to several investment newsletters and magazines and regularly appears in the media to provide his view on precious metals, economics, and the markets. He has appeared on BNN, CBC and CNBC, and been interviewed for articles appearing in the Globe and Mail; National Post; Toronto Star; Wall Street Journal; SingTao, China; Citywire Global, and many more.
English
List of Figures xi
Introduction 1
Guided by Two Essential Principles 3
The Day Gold Died 6
Part I: The Framework for $10,000 Gold 9
Chapter 1: Why Gold Matters 11
Benefits of the Gold Standard 13
Gold: A Reliable Indicator of Inflation 18
Gold’s Sustained Purchasing Power: Thinking in Ounces of Gold 23
The Historical Lessons of Gold vs. Paper 24
Gold Derivatives 33
Chapter 2: The Creation of Money and Debt 37
What Money Is 38
A Short History of Money 39
Central Banks in the United States 41
The Money Creation Process 47
In Conclusion 52
Chapter 3: Peak Oil, Population Growth and Gold 55
What the Charts Tell Us 56
Oil, Energy and the Price of Gold 60
Peak Oil 61
The Relationship between Oil, the Economy and Gold 69
In Conclusion 77
Chapter 4: The Aging Population, Outsourcing and Debt—Their Relationship to Gold 79
The Aging Population 81
The Problem with Outsourcing 87
The Consequences of the Aging Population and Outsourcing—Unsustainable Debt 92
Growing the GDP 93
Sovereign Debt 96
The U.S. Housing Market 97
In Conclusion 100
Chapter 5: Myths about Gold Bullion Ownership 101
In Defense of Gold 103
Propaganda Myths 116
The Myth That Gold Carries Too Much Risk 118
The Gold Standard for Assessing Risk 123
Three Important Criteria for Measuring Precious Metals Risk 125
Other Types of Risk 128
In Conclusion 136
Chapter 6: The Legacy of Gold’s Performance, 1980–2000 137
Gold’s Bear Market 138
Other Unique Features of This Period 150
When the Negatives Become Positives 151
In Conclusion 152
Part II: Owning Gold 153
Chapter 7: The Fundamental Case for Owning Gold 155
Gold Fundamentals vs. Technicals 156
Supply and Production 158
Environmental and Political Pressure 161
Primary Demand 163
Secondary Demand 170
The Competition for Gold 176
Silver and Platinum 177
In Conclusion 182
Chapter 8: How to Buy Gold 183
Some Pertinent Terms 184
The Many Ways of Buying Gold 185
Chapter 9: The Ultimate Prize—Uncompromised Bullion 217
The Question of Title and Authenticity 218
Storage 220
Location 226
Strong Banks 226
Strong Economy 227
Strong Democracy 227
In Conclusion 228
Chapter 10: Gold Never Sleeps 229
Chinese Buying—Gold Is Moving East 229
Central Bank Buying 233
The Movement Away from the U.S. Dollar 233
U.S. Debt—The Main Driver of Gold’s Rising Price 237
Individual Responsibility 245
The True Value of Peace of Mind 247
Addendum 249
Notes 261
Appendix: Figure Source Citations 279
Acknowledgments 285
About the Author 287
Index 289
