{"product_id":"hard-money-isbn-9780470612538","title":"Hard Money","description":"\u003cp\u003eAn in-depth guide to making gold a serious part of your portfolio\u003c\/p\u003e \u003cp\u003eGold, the long forgotten store of value that was once the center of the global financial system, suddenly matters a great deal again. It has become a leading asset by virtue of its strong performance, and its booming demand has made it the only financial asset that remains in an uninterrupted bull market. And yet gold remains one of the least-owned financial assets in investment portfolios today.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHard Money\u003c\/i\u003e helps investors move beyond the simple, yet widely accepted notion that gold makes sense in today's financial environment, and explores ways to magnify potential investment returns driven by precious metals. This reliable resource examines the investment vehicles (bullion, stocks, derivatives, and even rare coins) and strategies (aggressive, conservative, passive, and variations) aimed at beating the price of gold as it rises, and ways to protect a portfolio should the metal decline.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIdentifies five key drivers that should continue to push gold higher in the years ahead\u003c\/li\u003e \u003cli\u003eExplores the ins and outs of investing in gold and making this precious metal a part of your portfolio\u003c\/li\u003e \u003cli\u003eExamines the pros and cons of multiple ways to buy gold via coins, ETFs, mining and royalty stocks, and other investment vehicles\u003c\/li\u003e \u003cli\u003eAuthor Shayne McGuire is a highly-regarded expert on gold\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten in a straightforward and accessible style, \u003ci\u003eHard Money\u003c\/i\u003e offers key strategies to enhancing returns with new methods for investing in gold.\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eList of Figures and Tables xiii\u003c\/p\u003e \u003cp\u003eIntroduction The World Doesn’t Have to End for Gold to Go Hyperbolic 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The Logic of Hard Money in the New Investment World\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Gold Driver 1: The Increasing Likelihood of Fiscal Crises in Major Economies of the World 23\u003c\/p\u003e \u003cp\u003eChapter 2 Gold Driver 2: The Return of Inflation as a Major Investment Risk 31\u003c\/p\u003e \u003cp\u003eChapter 3 Gold Driver 3: The Return of Gold as a Significant Asset in the World’s Largest Investment Funds 43\u003c\/p\u003e \u003cp\u003eChapter 4 Gold Driver 4: The Rise of China 51\u003c\/p\u003e \u003cp\u003eChapter 5 Driver 5: Gold’s Potential Return to Being the Dominant Financial Asset in the Global Monetary System (A Return to Normal) 59\u003c\/p\u003e \u003cp\u003eChapter 6 Gold: How a $10K Gold Is Possible (Taking a Closer Look at Supply and Demand) 67\u003c\/p\u003e \u003cp\u003eChapter 7 Silver: Poor Man’s Gold May Offer the Richest Returns 89\u003c\/p\u003e \u003cp\u003eChapter 8 Platinum and Palladium: Metals as Old as the World, but as New as the Internet, as Investments 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Taking Gold to a Higher Investment Level \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 9 Taking Gold to a Higher Level: Creating Your Gold Portfolio 113\u003c\/p\u003e \u003cp\u003eChapter 10 Keeping It Simple with Precious Metals ETFs 147\u003c\/p\u003e \u003cp\u003eChapter 11 Precious Metals Stocks: The Cornerstone of a Gold Portfolio 165\u003c\/p\u003e \u003cp\u003eChapter 12 Physical Gold: The Importance of Wealth You Can Hold in Your Hands 193\u003c\/p\u003e \u003cp\u003eChapter 13 How to Invest in Coins and Bars (Without Getting Ripped Off) 207\u003c\/p\u003e \u003cp\u003eChapter 14 The Most Widely Respected Investment Coins 211\u003c\/p\u003e \u003cp\u003eChapter 15 Rare Coins: An Attractive Market Unreachable to Fund Managers 227\u003c\/p\u003e \u003cp\u003eConclusion Comparing the 1970s Gold Boom with Today’s 245\u003c\/p\u003e \u003cp\u003eAbout the Author 251\u003c\/p\u003e \u003cp\u003eIndex 253\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eSHAYNE M\u003csmall\u003eC\u003c\/small\u003eGUIRE\u003c\/b\u003e manages the $300 million GBI Gold Fund and is the Head of Global Research at Teacher Retirement System of Texas, one of the world’s largest pension funds. With eighteen years of financial experience, McGuire has managed a $2 billion European equity portfolio and was ranked among the best Latin American analysts by \u003ci\u003eInstitutional Investor\u003c\/i\u003e in the late 1990s. An avid gold investor, he has in recent years worked closely with Austin Rare Coins, one of the country’s leading precious metals companies. McGuire graduated from Fordham University and holds a master’s in history and an MBA from the University of Texas at Austin. He lives in Austin, Texas, with his family.   \u003c\/p\u003e\u003cp\u003eAs the global economy continues struggling with financial challenges (deep unemployment, anemic growth, massive government debt, volatile markets) not faced in generations, the logic of holding part of your wealth outside the financial system is compelling. Gold is the only viable and liquid investment vehicle that allows you to do so. \u003c\/p\u003e\u003cp\u003eBulging deficits and national debts—most notably in the United States, Europe, and Japan—will soon force our leaders to take drastic measures. They will have to slash spending and\/or raise taxes which could lead to renewed recession and financial instability. This in turn would likely lead central banks, most notably the Federal Reserve, to increase the pace of money printing even further, with the hope of escaping our present dilemma. \u003c\/p\u003e\u003cp\u003eStudents of financial history know these complex circumstances are raising the odds that we are about to experience a sudden unexpected rise in inflation. The world is not about to end and yet holding gold as an important part of your portfolio makes sense in the present financial environment. In \u003ci\u003eHard Money, \u003c\/i\u003eShayne McGuire describes ways in which investors can take gold investment to a higher level by considering a variety of investment vehicles or by creating a personal diversified gold portfolio. Manager of a gold fund and author of \u003ci\u003eBuy Gold Now\u003c\/i\u003e, McGuire: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eOutlines five key gold drivers, including the increasing likelihood of fiscal crises in major economies around the world, the return of inflation as a major investment risk, and gold’s potential return as the dominant financial asset in the global monetary system\u003c\/li\u003e\n\u003cli\u003eDescribes ways of constructing a gold portfolio, considering the use of Exchange-Traded Funds, physical gold and gold equities, and the optimal degree of diversification among the four key precious metals\u003c\/li\u003e\n\u003cli\u003eDemonstrates the importance of wealth you can hold in your hands and investing the old fashioned way (in coins and bars)\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eHard Money\u003c\/i\u003e also details how to invest in physical gold without getting ripped off, and why rare gold coins are an attractive investment option inaccessible to fund managers. \u003ci\u003eHard Money\u003c\/i\u003e is not a book about a financial crash, the end of civilization, or storing up food and a mysterious form of wealth for a long, dark financial winter. Rather, it offers an investment strategy to deal with the reality of present financial conditions, conditions that could lead to a dramatic rise in the price of gold.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989346566373,"sku":"NP9780470612538","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470612538.jpg?v=1761783757","url":"https:\/\/k12savings.com\/products\/hard-money-isbn-9780470612538","provider":"K12savings","version":"1.0","type":"link"}