Buy Gold Now

Masterfully researched, and written in a straightforward style, Buy Gold Now makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. Divided into five comprehensive parts, this reliable resource examines our country’s current financial situation from a historical perspective and addresses some of the alarming issues that many economists are currently pointing to with concern.

Acknowledgments ix

About the Author xi

Introduction 1

Part One Our Debt: American Financial Risk Has Never Been Higher

Chapter 1: The $65 Trillion Wind Blowing from Our Future 11

Chapter 2: How Can Families Really Be Getting Richer by Borrowing More? 15

Chapter 3: Why the World Continues Lending (Most of Its Savings) to Us 23

Chapter 4: Relying on Foreigners: Our Economic Future May Be Out of Our Hands 35

Part Two Our Homes: The Epicenter of American Economic Risk

Chapter 5: Real Estate, this Decade’s Economic Driver, Could Drive Us into Recession 45

Chapter 6: The Negative Amortization Mortgage Loan Is Born 53

Chapter 7: Tighter Lending Standards and the Fed Can’t Help 57

Chapter 8: The Great American Equity Cash-Out Is Coming to an End 63

Chapter 9: Financial Culture Shock: Real Estate Can Have a Negative Return 67

Part Three Our Economy: The Longest Economic Boom Ever Is Probably Ending

Chapter 10: Balance Sheet Recession: We Could Be Heading in a Japanese Direction 75

Chapter 11: Smiling on the Lawnmower: Affluent Poverty 87

Chapter 12: As the Fed Cuts Rates This Time, Could the Dollar Finally Collapse? 95

Part Four The Case For Gold

Chapter 13: Why the Time Is Right for Gold to Skyrocket 109

Chapter 14: Stocks and Bonds Offer Little Compensation for Risk Today 127

Chapter 15: Gold’s Scarcity: New Sources of Demand and Falling Supply 137

Part Five How To Buy Gold

Chapter 16: When You Simply Want Financial Insurance 149

Chapter 17: Mining Stocks, ETFs, and GoldMoney 159

Chapter 18: Rare Coins: A Bet on the Highest Possible Gains in Gold 169

Chapter 19: Why Silver Might Rise More Than Gold 187

Conclusion Don’t Be A Gold Bug: Sell When It Is Time To Sell 191

Notes 199

Index 217

Shayne McGuire is the Director of Global Research at Teacher Retirement System of Texas, one of the nation’s largest pension funds with $ 115 billion in assets. With 15 years of international financial experience, McGuire has managed a $ 2 billion European equity portfolio and was ranked among the best Latin American analysts by Institutional Investor in 1995 and 1996. An avid gold investor, in recent years he has worked closely with Austin Rare Coins, one of the country’s leading precious metals companies. McGuire graduated from Fordham University and holds a Masters in History and an MBA from the University of Texas at Austin. He lives in Austin, Texas with his family. Shayne McGuire managt ein globales Aktienportfolio im Wert von $ 2,5 Mrd. Er besitzt 15 Jahre Erfahrung in globalen Finanzmärkten und begann seine Karriere vor Einführung der NAFTA in Lateinamerika, wo er als Senior Analyst für Barings arbeitete, und bei der Deutschen Bank. Er wurde vom Institutional Investor als zweitbester Analyst in zwei Bereichen des Investmentsektors gelistet und galt als einer der Topanalysten für Lateinamerika der 1990er Jahre.

Buy Gold Now

With foreign-financed U.S. debt levels continuing to soar, an intensifying real estate bust, and other signs of economic exhaustion following one of the longest booms in history, the probability of a dollar crash is now openly talked about in financial circles. Yet gold—the ultimate escape from financial risk throughout human history—remains one of the least-owned financial assets, representing less than 2% of the typical investment portfolio.

Pushing aside Wall Street's perennial aversion to gold, in Buy Gold Now, investment expert Shayne McGuire skillfully reveals why the opportunity to profit from this precious metal, as well as protect yourself from risk, has rarely been better. Long forgotten, the 2,300% gold surge in the 1970s—when debt was one-tenth the level present in our economy today—is a return not even the 1990s NASDAQ could beat.

Masterfully researched and written in a straightforward style, Buy Gold Now makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. It examines the country's current financial situation from a historical perspective, addressing some of the alarming issues that many economists today are pointing to with concern.

Divided into five comprehensive parts, this reliable

resource opens with detailed discussions of:

• Why U.S. financial risk has never been higher

• How our homes are the epicenter of U.S. economic risk

• Why the longest economic boom ever is probably coming to an end

Keeping these and other issues in mind, the final two parts of the book—The Case for Owning Gold and How to Buy Gold—outline the advantages and disadvantages of this essential asset in securing future wealth and protecting your portfolio during precariouseconomic times. Here, you'll receive specific recom-mendations regarding stock market investments via mining stocks and exchange-traded funds, and discover the best ways to invest in physical gold through bullion, "digital gold currency," and rare coins.

Filled with in-depth insights from some of the world's leading financial professionals, Buy Gold Now explains why gold isn't just a defensive purchase anymore, but an investment that can outperform the markets for many years to come.

Praise for Buy Gold Now

"Shayne McGuire has provided a clear exposition of the rationale for investing in gold in today's context. Don't look for the mainstream media to provide any clue of what is likely to unfold in the years ahead. Instead, read this book and you will be several steps ahead of the herd."
—John Hathaway, Portfolio Manager, Tocqueville Gold Fund

"Shayne McGuire is not a typical gold bug, but a seasoned investment professional making a compelling case that the U.S. economy is in serious financial trouble and that gold will appreciate against the U.S. dollar. It is a must-read in order to preserve your and your children's wealth."
—Marc Faber, Managing Director of Marc Faber, Ltd., and author of Tomorrow's Gold

"Buy Gold Now explains the global economic forces and the financial risks that could see gold become an important investment opportunity over the years ahead. It also offers practical advice on how potential investors can buy it."
—Gerard Minack, Australian Market Strategist, Morgan Stanley

"The price of gold is rising because of today's turbulent financial times. Preparation and knowledge are essential to profit from higher prices, and this book provides the information you need to take advantage of the opportunities that lie ahead."
—James Turk, founder, GoldMoney.com