Learn why gold prices are sure to soar to $10,000/oz. and beyond and how to profit 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/ounce * Teaches readers to reconsider the way they think about money, showing that wealth should be weighed in gold, not unbacked dollars * Provides invaluable advice on protecting money by putting it into the safest asset class on earth No one knows what the next few years hold for the economy, but investing in gold allows for financial security in any market.
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.
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