The Golden Rule E-Book

Jim Gibbons

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 468

Veröffentlichungsjahr: 2010

Beschreibung

Everything the independent investor needs to know to effectively invest in gold With today's increasing economic uncertainties, a strong investment strategy is to put a portion of your net worth in gold. However, given investors' overall lack of knowledge about gold as an investment, as wealth insurance, or as a store of value, many are hesitant to enter this arena. That's why Jim Gibbons has created The Golden Rule. This book answers many questions, including: How do you purchase gold and in what form? Why gold now? When should you buy? And, most importantly, from whom? Throughout the book, Gibbons puts gold in perspective and shows you why it belongs in every investor's portfolio. * Provides practical gold investment insights from New York Times bestsellers Peter Schiff, William Bonner, Doug Casey, Addison Wiggin, and James Turk as well as from leading experts in this field including: Congressman Ron Paul, Rick Rule, Adrian Day, and many others * Demystifies gold by putting it in the context of twenty-first century economic realities * Highlights a variety of ways to invest in gold-from mining stocks to buying gold coins and bullion With the financial markets more erratic than ever, gold appeals to investors looking for a safe haven for their assets. With The Golden Rule as your guide, you'll quickly learn how to make the best decisions possible with regards to this precious commodity.

Leseprobe

Table of Contents

Title Page

Copyright Page

Dedication

PREFACE

THE GOLDEN RULE

A “CUSTOMER’S MAN”

MERRILL LYNCH FEDERAL SECURITIES TRUST

FROM MERRILL TO THE HERON INN—REJUVENATION THROUGH SWEAT EQUITY

A SAGE HARD MONEY LENDER

STUDYING AND THE ERIS SOCIETY

IT’S TIME TO MEET THE WHOS

IT’S YOUR TURN

Acknowledgements

Introduction

PART I - BROKERS/MONEY MANAGERS

CHAPTER 1 - GOLD REMAINS THE STANDARD

FINANCIAL CRISIS

TURNING BACK THE CLOCK

GOLD IN THE FUTURE

CHAPTER 2 - LONG-TERM FUNDAMENTALS STILL GOOD FOR GOLD

CHAPTER 3 - A GOOD INVESTMENT STRATEGY, BUY GOLD

OUR INVESTMENT STRATEGY

DON’T BE AFRAID, BUY GOLD

CHAPTER 4 - THE BEAR MARKET IS YOUR FRIEND—FOUR WAYS TO WIN

STOCK MARKET AND OTHER MARKETS

A BEAR MARKET IS A CLEARANCE SALE

HOT TIPS

REAL ASSET INCOME

CLOSELY HELD VALUE

JUNK DEBT IS REALLY GREAT QUALITY

PRIVATE PLACEMENTS

CHAPTER 5 - THE TALE OF TAELS—A HARD LESSON IN HARD MONEY

A DAY THAT CHANGED MY LIFE

A LIFETIME OF SAVINGS, NOW WORTHLESS

IS THE TALE OF TAELS STILL RELEVANT TODAY?

GET READY FOR FIREWORKS IN THE GOLD MARKET

PART II - INVESTMENT NEWSLETTER WRITERS

CHAPTER 6 - THE GREATER DEPRESSION

WHAT HAPPENED REDUX

BANKRUPTCY ON SEVERAL LEVELS

WHAT SHOULD THE GOVERNMENT DO?

WHAT THE GOVERNMENT WILL ACTUALLY DO

GOOD NEWS?

WHAT SHOULD YOU DO?

WHAT WENT WRONG?

POLITICAL RISK?

CHAPTER 7 - BET AGAINST A FALSE PREMISE

SAID THE JOKER TO THE THIEF

CHAPTER 8 - UNDERVALUED COMPANIES AND GOLD

IDENTIFYING THE TRUE CULPRIT

BIRTH OF A BUBBLE

A PYRAMID OF IOUS

IN SEARCH OF THE BOTTOM

CHAPTER 9 - GOLD DÉJÀ VU

CHAPTER 10 - THE TRIAL OF GOLD

ANDREW CUOMO CROSS-EXAMINES MR. GOLD

THE GHOST OF MURRAY ROTHBARD

TERRY COXON FOR THE DEFENSE

JEFF CLARK FOR THE DEFENSE

LOUIS JAMES’S OUTBURST AND TESTIMONY

THE DEFENSE CALLS DAVID GALLAND

CHAPTER 11 - BULLION AND BEYOND

A HISTORY OF VALUE

THE TRILLION-DOLLAR SINKHOLE

HOW CAN PUSH-BUTTON MONEY HAVE VALUE?

LOST CONFIDENCE IN THE DOLLAR IS SPREADING

APPROACHING “PEAK GOLD”

NINE WAYS TO MOVE INTO GOLD

THE EASIEST WAY TO OWN GOLD

THE STOCK MARKET’S TICKET TO EASY GOLD OWNERSHIP

RUN WITH THE BIG BOYS

ADD ANOTHER SENIOR

A ZERO-COST GOLD MINER

THE NEXT GOLD RUSH

CHAPTER 12 - GOLD IS TRULY PRECIOUS

FINANCIAL CRISES OF THE PAST

TODAY’S CRISIS: THE WORST YET

GOLD WILL SHINE

WHEN CHINA TALKS, IT PAYS TO LISTEN

PART III - COIN AND BULLION BROKERS/DEALERS

CHAPTER 13 - RARE COINS AND GOLD BULLION

THE WORLD TODAY

CHINA

THE FED AND THE U.S. DOLLAR

THE RARE COIN MARKET

FAMILY LESSONS

CONCLUSION

CHAPTER 14 - RARE COIN CANARDS

CANARD 1: BUILDING A SET ENHANCES YOUR INVESTMENT

CANARD 2: HIGH-GRADE, CERTIFIED GOLD EAGLES ARE WORTH MORE

CANARD 3: ALL GRADING SERVICES ARE THE SAME

CANARD 4: SHIPWRECK COINS ARE A GOOD INVESTMENT

AGE CORE PRINCIPLES

CHAPTER 15 - THE INTERNET GOLD AND CURRENCY PROVIDER

HERSTATT RISK

MONEY SUBSTITUTES

PERSONAL COMPUTERS AND PATENTS

GRESHAM’S LAW AND GOLDMONEY

CONCLUSION

CHAPTER 16 - GOLD, FIAT CURRENCY, AND INTEGRITY

FIRST BUSINESS, ARKANSAS TRIALS

MOVE TO TENNESSEE, VISIT FROM THE IRS

SWAT RAID AND ARREST

SECOND SET OF TRIALS

WHY?

POSTSCRIPT

PART IV - THE MINERS

CHAPTER 17 - SILVER—“POOR MAN’S GOLD”

CHAPTER 18 - ANALYZING A GOLD MINING STOCK

PEOPLE

PROPERTY

PAPER AND PHINANCING

POLITICS

PUSH

PROMOTION

PRICE

CHAPTER 19 - LET’S TALK A BIT ABOUT GOLD AND GOLD EXPLORATION

LET’S CONSIDER HOW MUCH METAL IS ACTUALLY BEING MINED AND FOUND

CHAPTER 20 - MONEY IS GOLD, AND GOLD IS A NOBLE METAL

A SHORT HISTORY OF MONEY

THE MONEY MONOPOLY

GOLD FOR THE POOR AND THE WORKING PERSON

CONCLUSION

PART V - GAME-CHANGING EDUCATORS

CHAPTER 21 - WHAT THE PRICE OF GOLD IS TELLING US

MEANING OF THE GOLD PRICE—SUMMATION

CHAPTER 22 - THE GOLD PRICE

FLOATING CURRENCIES

RESERVE CURRENCIES

THE END OF THE GOLD STANDARD

DOLLARS FOR GOLD

CLOSING THE GOLD WINDOW

THE DOLLAR EXCHANGE RATE

CURRENCY CRISES

GOLD IN OTHER CURRENCIES

THE THEORETICAL GOLD PRICE

TRADE DEFICITS

THE EURO

GOLD, THE SAVIOR OF CAPITAL

CONCLUSION

A FEW LAST THOUGHTS

CHAPTER 23 - BECOMING A TWENTY-FIRST-CENTURY GOLD GUERRILLA

PLATINUM VERSUS GOLD

GOLD VERSUS SILVER COINS

BULLION VERSUS NUMISMATIC COINS

U.S. EAGLES VERSUS FOREIGN GOLD BULLION

OUNCE OF FRACTIONAL WEIGHT?

WHERE AND HOW TO BUY

WHERE AND HOW TO STORE OR CACHE YOUR COINS

HOW TO TRANSPORT YOUR COINS

HOW TO TRADE YOUR GOLD BULLION

WHERE AND HOW TO SELL

WHAT ABOUT POSSIBLE CONFISCATION MEASURES IN THE FUTURE?

CONCLUSION

AUTHOR’S NOTE

ABOUT THE AUTHOR

ABOUT THE CONTRIBUTORS

INDEX

Copyright © 2010 by Jim Gibbons. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data:

Gibbons, Jim, 1955-

The golden rule : safe strategies of sage investors / Jim Gibbons.

p. cm.

Includes index.

eISBN : 978-0-470-63094-5

1. Gold. 2. Investments. I. Title.

HG293.G53 2010

332.63—dc22

2009052153

To my wife, Mary, whose love and support hasalways been crucial to my successes.

PREFACE

IT’S TIME TO OWN GOLD

“. . . behold, there came wise men from the east to Jerusalem . . . they presented unto him gifts, gold, and frankincense, and myrrh.”

—Mathew 2:1 and 2:11, Holy Bible, King James Version

A sage is considered a “profoundly wise person; one venerated for experience, judgment, and wisdom.” Like the wise men in the Bible, if I could make one recommendation, shouting it as loud as I could, knowing that the economic survival of you and your loved ones might depend on it, it would be “Own gold!” The questions that many of you will shout back are “But how do I buy it? And from whom?” The sage men and women introduced in this book have answers. In their own words they discuss their reasons for owning gold as well as the safe investing strategies they use to purchase it. As you will see in the following pages, it’s critical for you to realize that “who” you rely on for advice to purchase gold is as important as your decision to own gold.

I don’t claim to be one of best gold mining stock analysts in the world, but I know several who are. And I don’t claim to be one of the most knowledgeable and experienced stockbrokers in the United States dealing with small capitalized gold mining stocks and whose professional contacts are second to none. But I do describe my broker that way.

I’ m also familiar with several innovative ways to physically own gold, and several of the sage men introduced here discuss perfectly legal and safe strategies to own gold outside your home country if that’s what you desire. Additionally, my experience and knowledge regarding buying gold bullion and gold coins as well as numismatic coins is relatively new while several of the sage men to whom I refer you to have decades of experience in these areas. It’s not just their experience that sets all these individuals apart; it’s the fact that they can be trusted to offer the best advice possible—for you.

I have been reading and studying the subject of investing in gold for over 25 years and because of that I’ve gotten to know many leading experts on gold. With today’s economic uncertainties increasing exponentially, having gold in your investment portfolio is more important than ever. It is my belief, and the primary message behind this book, that everyone should invest at least 10 percent of his or her net worth in gold as a form of wealth insurance. However, in recent years investors have been leery of holding such a seemingly risky asset that pays no dividend and earns no income. It has been a difficult investment allocation and prospective investors have had numerous questions on why, how, when, and from whom they should buy gold. This book seeks to answer those questions by introducing you to an extraordinary group of leading experts on gold who will educate you on how and when to invest in gold, from whom to buy it, and why it belongs in your portfolio—sage men all.