Buy Gold Now

Masterfully 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.

Shayne McGuire is the Director of Global Research at Teacher Retirement System of Texas, one of the nation's largest pension funds with $ 115 billion in assets. With 15 years of international financial experience, McGuire has managed a $ 2 billion European equity portfolio and was ranked among the best Latin American analysts by Institutional Investor in 1995 and 1996. An avid gold investor, in recent years he has worked closely with Austin Rare Coins, one of the country's leading precious metals companies. McGuire graduated from Fordham University and holds a Masters in History and an MBA from the University of Texas at Austin. He lives in Austin, Texas with his family.

Acknowledgments 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