An in-depth guide to making gold a serious part of your portfolio Gold, 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. Hard Money 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. * Identifies five key drivers that should continue to push gold higher in the years ahead * Explores the ins and outs of investing in gold and making this precious metal a part of your portfolio * Examines the pros and cons of multiple ways to buy gold via coins, ETFs, mining and royalty stocks, and other investment vehicles * Author Shayne McGuire is a highly-regarded expert on gold Written in a straightforward and accessible style, Hard Money offers key strategies to enhancing returns with new methods for investing in gold.
Acknowledgments
List of Figures and Tables
Introduction The World Doesn't Have to End for Gold to Go Hyperbolic 1
PART ONE THE LOGIC OF HARD MONEY IN THE NEW INVESTMENT WORLD
Chapter 1 Gold Driver 1: The Increasing Likelihood of Fiscal Crises in Major Economies of the World 23
Chapter 2 Gold Driver 2: The Return of Inflation as a Major Investment Risk 31
Chapter 3 Gold Driver 3: The Return of Gold as a Significant Asset in the World's Largest Investment Funds 43
Chapter 4 Gold Driver 4: The Rise of China 51
Chapter 5 Driver 5: Gold's Potential Return to Being the Dominant Financial Asset in the Global Monetary System (A Return to Normal) 59
Chapter 6 Gold: How a $10K Gold Is Possible (Taking a Closer Look at Supply and Demand) 67
Chapter 7 Silver: Poor Man's Gold May Offer the Richest Returns 89
Chapter 8 Platinum and Palladium: Metals as Old as the World, but as New as the Internet, as Investments 101
PART TWO TAKING GOLD TO A HIGHER INVESTMENT LEVEL
Chapter 9 Taking Gold to a Higher Level: Creating Your Gold Portfolio 113
Chapter 10 Keeping It Simple with Precious Metals ETFs 147
Chapter 11 Precious Metals Stocks: The Cornerstone of a Gold Portfolio 165
Chapter 12 Physical Gold: The Importance of Wealth You Can Hold in Your Hands 193
Chapter 13 How to Invest in Coins and Bars (Without Getting Ripped Off) 207
Chapter 14 The Most Widely Respected Investment Coins 211
Chapter 15 Rare Coins: An Attractive Market Unreachable to Fund Managers 227
Conclusion Comparing the 1970s Gold Boom with Today's 245
About the Author 251
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