Description
Book SynopsisMasterfully 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.
Table of ContentsAcknowledgments 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
