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 who has studied the role of gold in the world economy for over thirty years has created The Golden Rule. Comprised of contributed chapters from many leading experts in this field, The Golden Rule answers many essential 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 and the extraordinary group of experts he has assembled, put gold in perspective and show you why it belongs in every investor′s portfolio. Page by page, this reliable resource provides practical gold investment insights from some of the best minds in the business, including seasoned Wall Street prognosticator Peter Schiff, William Bonner and Addison Wiggin of Agora Financial, James Turk of GoldMoney.com, Congressman Ron Paul, Rick Rule of Global Resource Investments Ltd., Eric Sprott of Sprott Asset Management, and many others.
Along the way, this timely guide also:
- 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
- Discusses gold′s importance to both the world economy and your future
- Provides contact information to the gold experts highlighted in the book
- And much more
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 incorporate gold into your portfolio and make the best decisions possible with regard to this precious commodity.
Preface: It s Time to Own Gold ix
INTRODUCTION: THE TIE THAT BINDS 1Jon NadlerPART I BROKERS/MONEY MANAGERS 11
CHAPTER 1: Gold Remains the Standard 15Eric SprottCHAPTER 2: Long–Term Fundamentals Still Good for Gold 21An Interview with Adrian DayCHAPTER 3: A Good Investment Strategy, Buy Gold 31Peter D. SchiffCHAPTER 4: The Bear Market Is Your Friend Four Ways to Win 37Rick RuleCHAPTER 5: The Tale of Taels A Hard Lesson in Hard Money 47Michael CheckanPART II INVESTMENT NEWSLETTER WRITERS 53
CHAPTER 6: The Greater Depression 57Doug CaseyCHAPTER 7: Bet Against a False Premise 75Bill BonnerCHAPTER 8: Undervalued Companies and Gold 85John PugsleyCHAPTER 9: Gold Déjà Vu 93Richard MayburyCHAPTER 10: The Trial of Gold 97David GallandCHAPTER 11: Bullion and Beyond 113Addison WigginCHAPTER 12: Gold Is Truly Precious 131Pam and Mary Anne AdenPART III COIN AND BULLION BROKERS/DEALERS 139
CHAPTER 13: Rare Coins and Gold Bullion 143Van SimmonsCHAPTER 14: Rare Coin Canards 151Dana Samuelson and Dr. Bill MusgraveCHAPTER 15: The Internet Gold and Currency Provider 159James TurkCHAPTER 16: Gold, Fiat Currency, and Integrity 167Franklin SandersPART IV THE MINERS 179
CHAPTER 17: Silver Poor Man s Gold 181Bob QuartermainCHAPTER 18: Analyzing a Gold Mining Stock 191Louis JamesCHAPTER 19: Let s Talk a Bit about Gold and Gold Exploration 199Brent CookCHAPTER 20: Money Is Gold, and Gold Is a Noble Metal 205Morgan PoliquinPART V GAME–CHANGING EDUCATORS 213
CHAPTER 21: What the Price of Gold Is Telling Us 215Ron PaulCHAPTER 22: The Gold Price 229Paul van EedenCHAPTER 23: Becoming a Twenty–First–Century Gold Guerrilla 247Kenneth W. RoyceConclusion: Indian Peasants 255
Author s Note 259
About the Author 261
About the Contributors 263