Author Archives: USAGOLD

Gold in the Attic

Every once in a while we rummage around USAGOLD’s creaky old attic and dust-off a golden vignette from our storied past. Here is a short vignette on software-driven trading in financial markets that originally appeared in the May 2012 edition of NEWS & VIEWS.  It speaks to the issue in a way you might not have anticipated. I hope you enjoy reading it as much as I enjoyed writing it. – MK

Computer software gone mad

“With respect to the growing dominance of machines on Wall Street, I recall the old Star Trek episode that involves a visit to a planet where the inhabitants seem to be living in a state of perfect bliss. Captain Kirk knows that this cannot be right. There is no such thing as perfect happiness. As it turns out, the population is controlled not by a loathsome dictator who has drugged the population into compliance, but by a computer that has evolved sufficiently to somehow gain control of their minds. Something must be done, concludes Kirk, to break its hold. Spock comes up with the solution by instructing the computer ‘to resolve the value of pi’ – an impossibility because its resolution, as we all remember from high school math class, is infinite. The computer spends all of its time and devotes all of its resources trying to achieve the impossible and the dictatorial hold it has on the population is released – a trick we might want to keep in mind for the day computers complete their mastery of Wall Street.”

In the February, 2017 issue of NEWS & VIEWS, we reposted that piece with the following added note:

“Similarly, in early 2017 Financial Times told the story of the textbook, The Making of a Fly: The Genetics of Animal Design. It started out selling for $113 per copy at Amazon – that is until the governing algorithm misfired between two third-party sellers. The price then skyrocketed to $23 million before someone took note and fixed the problem. We forget that computer software, and this applies to Wall Street’s trading apparatus as readily as it does the Amazon pricing platform, is only as reliable and intelligent as the code by which it is instructed to operate. The practical equivalent to Mr. Spock’s solution in the financial realm is to store significant capital in the form of gold and silver coins detached from potentially rebellious electronic circuitry.”


Original publication date: May 2012; February 2017

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The November issue of our newsletter

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NEWS &VIEWS
Forecasts, Commentary & Analysis
on the Economy and Precious Metals

NOVEMBER, 2018

This month’s edition of NEWS & VIEWS leads off with an overview of the surprising jump in global private investor and central bank gold demand. From there we delve into a wide-range of topics in short form that we think you will appreciate including speculation on whether or not inflation has returned to the U.S. economy, some insight on who owns the national debt, how Asian investors prefer to own gold, and much more.


In conjunction with our regular newsletter, we released a new SPECIAL REPORT-CLIENT ALERT, which is also now available in the clear:

Historic World Gold Coins
One of the great, largely untouched and potentially lucrative
opportunities in the field of gold investing today


If you would like to sign-up to receive our e-mail release notifications for the monthly newsletter and all SPECIAL REPORTS, you can sign-up here.  Subscriptions are free of charge and are handled discreetly. We do not spam or share our email list.

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BlackSwansYellowGold
How gold performs during periods of deflation,
disinflation, stagflation and hyperinflation

“That men do not learn very much from the lessons of history is the most important of all the lessons of history.” – Aldous Huxley

Though Huxley’s observation is readily applied to humanity collectively, it does not apply so easily to individual investors. As justification, we offer the ongoing (and long-term) success of the USAGOLD website as well as the soaring statistics on the growth of private gold ownership over the past decade both in the United States and abroad, inspired directly by the lessons learned over the past decade of financial market upheaval. The following short essays are dedicated to the safe-haven gold investor who, like noted financial author Nicholas Taleb, believes that it is just as important to prepare for what we cannot foresee as what we can.


BlackSwansYellowGold Series

Gold as a deflation hedge

Gold as a disinflation hedge

Gold as a stagflation hedge

Gold as hyperinflation hedge

Gold as the portfolio choice for all seasons

A chronology of panics, mania, crashes and collapses
(400 BC to present)

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Short and Sweet

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Stuck in a fiat dollar world
for some time to come

“For all its problems, the current dollar-based non-system has been far more resilient than the Bretton Woods gold-exchange standard, which never operated as White intended. And the real alternatives — a classical gold standard, in which interest rates are driven by cross-border gold flows; or a supranational currency, like Keynes advocated at Bretton Woods — are likely to remain too radical politically. We are, therefore, almost surely stuck in a fiat dollar world for some time to come.” – Benn Steil, Council on Foreign Relations

Those of you who frequent this page will recall previous references to Benn Steil’s gold advocacy.  Steil, who is the director of international economics at the Council on Foreign Relations, sees central banks’ utilizing gold as a reserve asset to the offset the risks of holding national currencies as opposed to direct backing for the dollar.  In this respect, his thinking is closely aligned with that of Nobel Prize winner, Robert Mundell, who also proposed the use of gold for the same purpose to the European Union at the inception of the euro.

In the essay linked below Steil provides a brief but revealing history of the transition from the late-1960s, early-1970s gold-based system to the dollar-based system under which the global economy functions today. He includes a number of interesting stories about the countries and people involved.  Few people know, for example, that France dispatched a battleship in the early 1970s to New York harbor to pick up its gold deposited at the New York Federal Reserve.

In the absence of a gold standard, the best recourse for the average investor is to put one’s portfolio on the gold standard through a diversification in physical coins and bullion.  We agree with Steil: “We are almost surely stuck in a fiat money world for some time to come” with all its attendant risks.

Adopt a gold-backed dollar? This is what happened the last time we tried
Marketwatch/Benn Steil/8-11-2016

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The USAGOLD Website – A guiding light for current and would-be clientele since 1997

Welcome newcomers!  We invite you to kick back, stay awhile, do some interest-driven browsing

When the USAGOLD website was established in 1997, there was no Google, no Facebook, no I-Tunes, no Amazon. Instead there was just a handful of scattered websites trying to figure what this new technology was all about and how it could be used to some advantage.  We were among that group.  Our idea of innovation in those early days was two spinning globes on either side of the USAGOLD logo.  We marveled at it; considered it state of the art.  If you would like to witness that piece of technology in action, you can see it here at the WaybackMachine.  (Don’t laugh.)

But being among the first on the internet to have spinning globes was not our only achievement. We were also among the first to sponsor a Daily Market Report (1996), a Discussion Group (1997), Live Prices and Charts (2007) and a Mobile Website (2011) – to mention just a few of our ground-breaking internet ventures.  We await the next wave of innovation so that we can offer even more value to our regular visitors.

Through our 22-year presence on the world wide web, the philosophy underlying our website has always been a simple one – to act as a guiding light for our current and prospective clientele by providing a state of the art information portal coupled with a reliable and competitive brokerage service.  We had and still have no aspirations beyond that, and that pinpoint focus has paid dividends beyond anything we would have imagined in 1996.

From a humble beginning (When you visit the WayBackMachine, take special note of the number of visitors registered on our counter!) we have grown to over 600,000 visitors per month currently and there have been times when that count has been significantly higher. USAGOLD today remains one of the most highly referenced and visited web portals in the gold business. We once had a client tell us of visiting the Gold Souk in Dubai and being surprised that so many merchant stalls had USAGOLD on their computer screens. 

If you would like to gain a better understanding of what USAGOLD has to offer to you as a current or prospective client, the menu at the top of the page is good place to start.  For a full site outline including links and page descriptions. . . . . .

We invite you to visit our
Table of Contents

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Get the jump on inflation with an investment in graded, historic U.S. $20 gold pieces

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“Historically rare coins as a grouping have enjoyed a well-earned reputation as an inflation hedge. USAGOLD has had direct experience in that regard as we recommended this investment area during the 1970s’ inflation and the accompanying coin market boom – a strategy we suggested then as “a diversification within a diversification.” For investors looking to get a jump on a possible resurgence of inflation, we are again recommending this area of investment. This time, however, we suggest acquisitions in a narrower frame of reference. . . . .”

CLIENT ALERT
by Michael J. Kosares
Founder – USAGOLD
Author – The ABCs of Gold Investing–How To Protect and Build Your Wealth With Gold

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Short and Sweet

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The more things change the more they stay the same

In reading a recent piece of wayward analysis concluding that gold was headed below the $1000 level, I was reminded of an old Murray Rothbard quote that I first encountered when I entered the gold business in the early 1970s. He included it in the intriguingly titled pamphlet, What Has Government Done to Our Money:

“All pro-paper economists, from Keynesians to Friedmanites, were now confident that gold would disappear from the international monetary system; cut off from its ‘support’ by the dollar, these economists all confidently predicted, the free-market gold price would soon fall below $35 an ounce, and even down to the estimated ‘industrial’ nonmonetary gold price of $10 an ounce. Instead, the free price of gold, never $35, had been steadily above $35, and by early 1973 had climbed to around $125 an ounce, a figure that no pro-paper economist would have thought possible as recently as a year earlier.”

As you can see, even when gold was trading at $35, its adversaries were predicting lower prices ($10 per ounce), and even then under the flimsiest of arguments.  Its ‘industrial” nonmonetary price?  How is that different from its monetary price?  Ultimately in that first leg of gold’s long term bull market, it went well over  $800 per ounce – a far (very far) cry from $10!

The lesson in all this?  The more things change, the more they stay the same.  Gold’s critics have not changed their tactics over the years, and they are not likely to anytime soon.  Make your own assessment on gold and develop a strategy that makes sense for you.  The worst thing you can do if you don’t own gold, or don’t own enough, is to allow yourself to be sidelined by predictions that may or may not be based on a realistic assessment of the markets, gold and the economy.

— Michael J. Kosares

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Image courtesy of the Mises Institute
What Has Government Done To Our Money/Murray Rothbard/Mises.org/Pdf download

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Invest in gold and silver through a company you can trust

How to choose a gold firm
A quick guideline for beginning investors

It is surprising how many prospective investors simply dive into gold and silver investing without much in the way of a consumer inquiry. That lack of simple due diligence has ended up costing a good many investors thousands of dollars, and sometimes even hundreds of thousands, before the damage is detected.

Here you will find some brief but valuable guidelines to help you choose the right gold and silver company.

It might be the most important decision you will make on the road to becoming a gold and silver owner.

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.

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Short and Sweet

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Gold coins, hoofs found in 2,000 year old Chinese tomb

“Chinese archaeologists. . . discovered 75 gold coins and hoof-shaped ingots in an aristocrat’s tomb that dates back to the Western Han Dynasty (206 BC – 24 AD). The gold objects — 25 gold hoofs and 50 very large gold coins — are the largest single batch of gold items ever found in a Han Dynasty tomb. They were unearthed from the tomb of the first ‘Haihunhou’ (Marquis of Haihun) in east China’s Jiangxi Province. The coins weigh about 250 grams each, while the hoofs’ weights vary from 40 to 250 grams, said Yang Jun, who leads the excavation team.” – Xinhuanet/11-17-2015

USAGOLD note: These gold artifacts were found along with a portrait of Confucius, perhaps the oldest known. Wisdom and gold make easy company. Confucius once said something that has current applicability:  “In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.”  Or at the very least, well-hedged . . . . . . . .

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Mint reports October American gold Eagle sales up 7.3% over September

(USAGOLD, 11-1-2018) – U.S. Mint sales of gold American Eagles held firm in October registering a 7.3% gain over September.   Silver eagle sales were up 35% over September of last year, but down more than half from last month’s unusually strong sales due to wholesalers replenishing inventories. It was the fourth best month of the year for silver Eagle sales at 1,405,000 ounces and the fifth best month for gold Eagle sales at 22,000 ounces.

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What you need to know before you launch your gold and silver IRA

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“A customer of mine who is 55 years old recently asked if it was not too late for him to get into precious metals. The answer is no—it is not too late to invest in gold and make a profit at any age. Quite the contrary, with the market showing the early signs of a correction, it is, in my humble opinion, a perfect time to invest in precious metals.” – Oliver Garret, Forbes

Time to diversify?
How to hedge market uncertainty in your
retirement plan with gold and silver

As the ultimate asset preservation vehicles, gold and silver are also important retirement investments especially in these precarious times. Find safe harbor –– and some retirement peace of mind.

Coins & bullion since 1973
To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD serving gold and silver investors since 1973

We have helped hundreds of investors include precious metals in
their IRA and other retirement plans. We can help you.

1-800-869-5115
Ext#100

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Update 10/29/2018 :  About half sold in the first day! 


FLASH SPECIAL
We bought a large lot of this investor favorite at great pricing.
We now pass along the savings to you.

We recently bought a large lot of pre-1933 Dutch guilder gold coins at great pricing and are now passing along the savings to our clientele in a Flash Special. This is a solid opportunity for the privacy-oriented investor looking to hedge his or her portfolio against the uncertainties that lie ahead. Only 500 of this investor favorite are available at these special offer prices, so we encourage you to act quickly if you have an interest.

  View Details  

  Acc’t Signup  

A solid opportunity for the privacy-oriented investor interested in an item
that carries all the advantages of pre-1933 gold coin ownership.

Only 500 available at this special pricing. First-come, first-served.

UPDATE:  About one-half of this Special sold in first day! 

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Gold makes strong overnight move

Gold up sharply in overnight trading – +$13 at $1235.50. Global tensions spark abrupt stock market sell-offs in Asia, Europe and the U.S. pre-market. Gold price driven by safe-haven buying according to early reports in move that began about 12am MDT – Italy, China, Saudi Arabia problems converge.

Table courtesy of TradingEconomics.com

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Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“Before investing in gold I really didn’t have a clue about what or how much to invest in. I came across the USAGOLD website and found an excellent resource for both first time and seasoned buyers. My representative has always provided me with useful and trustworthy analysis related to the markets and trends that has further informed my purchase decisions. Transactions are timely and handled with a high degree of professionalism and integrity. I cannot recommend this company highly enough.” – Y.O., 5-14-2018

Scorecard: 38 45 48 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

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Favorite web pages

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What you need to know before you buy
your first ounce of gold

Some initial guidelines from one of America’s top gold experts

New to the idea of including gold in your investment portfolio?
If so, you might have questions.

This page is for you.

If you are new to the concept of gold ownership, you might be looking for a little guidance. We, at USAGOLD, have been in the gold business for a good many years and the one thing that stands out to us in working with so many over the years is how often investors, for one reason or another, get off to a bad start.

That is why we developed a question and answer page many years ago that delves into the subject of GETTING OFF TO THE RIGHT START. We update it regularly as things can change rapidly in the gold and silver markets. The page is linked above and we recommend that newcomers spend the few minutes it takes to get through it. . . .

This page receives considerably high-ranking from Google on a number of important searches and we like to think it’s because of the cause it serves – providing some positive direction to investors trying to get off to a solid start in their pursuit of gold ownership.

If you would like to talk with a real, live gold expert about your needs, try this phone number or drop us an e-mail:

1-800-869-5115
Extension #100

– or–

orderdesk@usagold.com

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A telephone call from an old client and friend

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‘Gold shone with the placid certainty of received tradition’

I had the happy occasion recently of receiving a telephone call from an old client and friend – a physician safely retired near the sea and alongside one of the South’s oldest golf clubs. It was good to hear from this student of the markets – one of life’s steady and thoughtful practitioners.  Back at the turn of the century, Doc foresaw much of what would happen economically in the United States and purchased what he considered enough gold to see him through it.

Vanity Fair’s Matthew Hart offers this masterfully written overview of those early years of the 21st century:

“An ounce of gold cost $271 in 2001. Ten years later it reached $1,896 – an increase of almost 700 percent. On the way, it passed through some of the stormiest periods of recent history, when banks collapsed and currencies shivered. The gold price fed on these calamities. In a way, it came to stand for them: it was the re-discovered idol at a time when other gods were falling in a heap of subprime mortgages and credit default swaps and derivative products too complicated to even understand. Against these, gold shone with the placid certainty of received tradition. Honored through the ages, the standard of wealth, the original money, the safe haven. The value of gold was axiomatic. This view depends on a concept of gold as unchanging and unchanged—nature’s hard asset.”

It was in that time frame, when gold was stuck in the $300 to $400 per ounce price range (a time not unlike our own when gold has been stuck in the $1200 to $1300 range), that Doc transferred roughly $500,000 of his net worth into gold coins. His goal, like most of our clientele, was not to become wealthy through gold ownership, but to protect the hard-earned wealth he had already attained. “I still have all the gold I purchased from you,” he said simply. “Every ounce of it. It’s now worth well-over $2,000,000. I want to thank you again for your book* and your advice. It made a great difference to me as you may have gathered.” (Ed note: At the interim top – the $1896 Matthew Hart mentions above – Doc’s holdings reached a value well over $3,000,000!)

“That,” I said, “is the kind of story we enjoy hearing around here, Doc. I’m happy for you. Happy gold could help you like it did.”

“We had some very interesting conversations back in the day,” he said with a chuckle, “and gold did for me what we thought it would, what you said it would.”

The conversation then drifted to other of life’s pursuits for both of us and ultimately to the purpose of his telephone call – a fresh gold transaction. We completed our business and I left the conversation with a strong sense of satisfaction. We get a steady stream of phone calls like Doc’s, but it is always good to hear real-life tales about gold’s role in preserving our clients’ assets.

The fact of the matter, though rarely discussed, is that gold ownership has as much to do with personal philosophy as it does finance and economics – though by that I do not mean to diminish the importance of financial markets, or politics for that matter, in our everyday lives. Things, though, do need to be kept in perspective and gold helps toward that goal – once one understands its true nature.

In many ways, gold ownership, as Doc would likely attest, is a rational portfolio decision that suits the times, but it is also a life-style decision. As Richard Russell, the late purveyor of the Dow Theory Letters once put it, “I still sleep better at night knowing that I hold some gold. If or when everything else falls apart, gold will still be unquestioned wealth.” And one that helps you sleep well no matter what happens on Wall Street or in Washington D.C.

–– Michael J. Kosares

* The ABCs of Gold Investing – How To Protect and Build Your Wealth With Gold (Please see link.)


This piece is an updated repost of an article that originally appeared in News & Views (our monthly newsletter) in July, 2015.

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Favorite web pages

Gold Trading Hours

Whenever the gold market gets active, we have a large increase in visitors at our Gold Trading Hours page.  Investors want to see which markets – Asian, European or American – are the focal point for price movement.  They also want to know when a particular market is going to open or close in areas where gold might experience an influx of buyer or seller interest.  That is why we designed this popular page with market hours and a live clock showing the local time in that particular market and all the other major gold markets.  Gold Trading Hours is one of the quiet pages at USAGOLD that garners significant global interest particularly when the market is moving or breaking news warrants more than average interest. We also invite you to return here regularly – to this Live Daily Newsletter page – for up-to-the-minute gold market news, opinion and analysis as it happens.

We invite your visit.  We encourage your bookmark.

USAGOLD’s
Gold Trading Hours
London – New York – Sydney – Hong Kong – Shanghai – Tokyo – Zurich

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Recent client testimonial

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“Thank you! It has been a pleasure doing business with your Company! You’ve treated the small investor (me) just like you would a millionaire. Best wishes, and I hope I can make some purchases in the future.” – L.W., Savannah, Georgia

We also treat millionaires . . . well. . . like millionaires – whether they admit to being millionaires or not [smile].

We receive unsolicited testimonials like L.W.’s routinely. Please see our Client Testimonials page for more feedback, and be sure to visit the Better Business Bureau for even more in the way of FIVE-STAR reviews.  Don’t do business with any gold company until you have checked it out.

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Favorite web pages

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Black Swans
A chronology of panics, mania, crashes
and collapses
–– 400 BC to present ––

Those who think it can’t happen here, or that this time around it’s different, should take note of the number of black swan events in American history alone. The record is formidable. Gold ownership is traditionally a form of battening down the hatches against these recurring storms and, for the minority who adhere to it, an effective and ever-ready defense. Nialls Ferguson, the economic philosopher, summed up what a good many were thinking in the wake of the 2008 meltdown when he said, “Those few goldbugs who always doubted the soundness of fiat money — paper currency without a metal anchor — have in large measure been vindicated. But why were the rest of us so blinded by money illusion?” Why indeed. . .

[LINK]

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Yap Money – A quick lesson on inflation

Monetarily speaking, everything progressed smoothly on the island of Yap where large stones weighing hundreds of pounds were transported around to serve as money. That is until something unforeseen happened to the value of the money. For centuries, the stones served in exchange because there wasn’t much of this type of rock on Yap itself. The depreciation of the stone money began when an enterprising Western businessman realized he could produce stone money cheaply and in copious quantities on a neighboring island and transport it to Yap, where it could be used to procure goods in demand elsewhere. In other words, this oceanic cousin of John Law printed Yap stone money to buy his wares at what might be called a “favorable” discount. By this process, the yap stone money was debased until it became worthless. Little did the citizens of Yap know that they were deprived of their wealth, and their money destroyed, by the process of monetary inflation.

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Update later

FYI – We will post a DMR update later this afternoon.  Please check back.

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USAGOLD – Quality service and pricing since 1973

USAGOLD ranks among the most reputable gold companies in the United States with several thousand clients and multi-millions in annual revenue. Founded in the 1970s and still family-owned, we are one of the oldest and most respected names in the gold industry. Our unblemished, zero-complaints record and solid reviews with the Better Business Bureau testify to the exceptional customer service and professional excellence which sets us apart from the competition.

USAGOLD specializes in gold and silver coins and bullion delivered to our client’s safekeeping. For over 45 years, we have resolutely advocated owning precious metals for asset preservation purposes rather than speculation. Admittedly, this philosophy does not resonate with all prospective gold and silver owners, but if it does with you, we think you will find our firm a kindred spirit.

When it comes time to pursue your first (or next) purchase, we invite you to learn first-hand why so many have chosen USAGOLD as their precious metals firm.

Call or drop us an e-mail.

1-800-869-5115
Ext#100
orderdesk@usagold.com

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.
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NEWS &VIEWS
Forecasts, Commentary & Analysis
on the Economy and Precious Metals

October, 2018

This month’s edition of News & Views leads off with a timely reminder about past Octobers:

“October is the month most closely associated with markets going bump in the night – 1907, 1929, 1987, 1997, 2007, 2008. Of all the October surprises, the 1929 crash had the most lasting consequences. Stocks declined 50% in the two months of September and October, 1929. (See chart at the link.) Before it was all over in 1932, stocks dropped a breathtaking 90% and did not return the old high of roughly 380 until the mid-1950s – one-quarter century later. Imagine having a million dollars in stocks at the end of the summer 1929 only to watch your portfolio drop steadily until it was worth $100,000 by 1932. “This bull market has echoes of the late 1920s,” Nobel laureate Robert Shiller recently told CNBC. ‘The 1920s is quite a legend that people are often thinking about. I look at 1929 particularly as the end of the roaring ’20s and it ended in a bout of speculation. Between May and September of ’29 the stock market went up over 30 percent in just a few months.'”

From there we delve into a wide-range of topics in short form that we think you will appreciate.


If you would like to subscribe, please go to the sign-up box toward the bottom of  the right hand column and type in your e-mail address. Our newsletter comes to your mailbox monthly at no cost or obligation, and your interest is welcome.

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Favorite web pages

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Charles DeGaulle’s ‘Criterion’ speech

Given the increasing frequency and severity of international currency imbroglios and one emerging nation state after another falling into monetary disrepair (Italy being the latest to come under this heading), it is not difficult to visualize more and more of these states looking to gold as a matter of national defense. One recalls Charles DeGaulle’s famous criterion speech on gold in this context. Though such a holding would not cure internal problems derived from excessive debt and the debasement of their own currencies, it would offer something of a shield for all nation states against the devaluation/revaluation policies of other nation states, just as it does for private investors who take the same course of action.

February 4, 1965

[LINK]

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USAGOLD’s Online Order Desk

Great prices. Quick delivery. All the time.
We invite your visit and participation.

Our Online Order Desk offers state-of-the-art transactional technology that allows you to order anytime day or night and on the weekends at current gold and silver spot prices from your desktop, pad or mobile device.  The items presented for sale are among the most popular with investors and are organized into four broad categories of investor interest:

Modern gold coins and bars
American Eagle • American Buffalo • Canadian Maple Leaf • Austrian Philharmonic • South African Krugerrand • Australian Kangaroo

Modern silver bullion coins and bars
American Eagle • Canadian Maple Leaf • Austrian Philharmonic • United States Pre-1965 Silver Coin Bag • Silver Bullion Bars • United States Morgan and Peace Silver Dollar

Historic fractional gold coins
British sovereign kings • Swiss 20 franc • Dutch 10 guilder • German 20 marks • Select inventory currently available

Historic U.S. gold coins
$20 Liberty • $20 St. Gaudens • $10 Liberty • $10 Indian • Graded $20 Liberty and St. Gaudens – Mint State 63, 64 and 65

If you haven’t visited our Online Order Desk as yet, we invite you to take a test drive. We are surprised by its instantaneous popularity and the large number of clients who have already placed their first order. 


An important note on Special Offers

For those among our regular clientele who like to participate in our Special Offers, the Online Order Desk presents a clear advantage.  Because the number of items available is almost always limited and orders are reserved on a first-come, first served basis, the online system provides the opportunity to secure your orders quickly and confidently at your convenience any time day or night.  As our regular participants already know, these offers can sell out quickly – often within 24-hours of announcement.  If you have not already registered, some advance planning might be in order.


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Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“When I first became interested in purchasing gold, I merely followed the advertising recommendation of a conservative national personality. This experience was not favorable, as the recommended firm seemed to be just another high pressure marketing boiler room, only interested in making a sale at the highest possible commission. Of course I was disenchanted, and thus lumped (unfairly) all gold brokers into the same category.

A few years later, my interest in purchasing gold overcame my earlier experience and I began seeking a trustworthy firm. As I researched various options, USAGOLD caught my attention. After a few weeks of following their website presence (the Live Daily Newsletter and their weekly video), I began a telephonic dialog with Jonathan Kosares. Recognizing that I was a novice, Jonathan patiently provided general precious metals background and technical information, while also directing me to various educational resources. Since I sought a long term relationship with a stable firm, and because of my earlier experience purchasing gold, my next step was to schedule a personal visit to USAGOLD’s offices in Denver. The meeting at USAGOLD was quite comforting and further instilled a deep sense of trust. . . All that I encountered underscored and reinforced USAGOLD’s unique history and competency with regard to gold and precious metals.

Over the next few months, I engaged in several significant transactions, and all aspects of those transactions could not have been better. I could not have been more pleased with the specific recommendations and pricing, strategies related to IRA/HSA alternatives, balancing exposures to both gold and silver, and the execution of shipping and delivery. I intend to be a lifelong customer, and to this day Jonathan is always available to share his knowledge of precious metals and his perspective on the markets. If you are looking for personal attention from a trustworthy firm that has decades of impeccable history along with a focused depth of expertise, you have found it in USAGOLD.” – R.N., 1/29/2017

Scorecard: 38 45  48 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

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Favorite web pages

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Alan Greenspan’s long-time advocacy of gold

As most of you already know, former Fed chairman Alan Greenspan is a long-time advocate of private gold ownership as well as the gold standard.  Some see his chairmanship of the Fed and gold advocacy as contradictory, but in fact, Greenspan always saw the two as complementary.  Here is a very interesting quote taken from an interview in the World Gold Council’s Gold Investor magazine in February, 2017:

“When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul, who was a very strong advocate of gold. We had some interesting discussions. I told him that US monetary policy tried to follow signals that a gold standard would have created. That is sound monetary policy even with a fiat currency. In that regard, I told him that even if we had gone back to the gold standard, policy would not have changed all that much.”

Many years ago, we catalogued those exchanges between then Texas congressman Paul and Greenspan here at USAGOLD.  I was among the small group at the time who appreciated the dialogue as friendly intellectual exchanges between two heavyweights and not as a contentious debate between adversaries.  In the preface to the transcripts written several years ago, I pointed out that both seemed to enjoy and relish the exchanges. It is interesting that Greenspan would reference the banter between the two in such a telling way so many years later.

Here is an excerpt from that preface:

In putting this page together, I was struck with Dr. Paul’s ability to cut through the political gamesmanship that necessarily comes with being chairman of the Fed to Alan Greenspan, the man and political/economic philosopher. What emerges is a powerful figure conflicted between the practical manager charged with operating within the current fiat monetary system and the philosopher-academic with a “nostalgia,” as he puts it, for the days of the gold standard. Without Dr. Paul’s incisive questioning, I doubt that this aspect of the Greenspan character would have found its way to the public venue and the historical record. Though the relationship appears adversarial at first blush, one also detects a certain amount of mutual respect and interest. Says Dr. Paul of the exchanges: “My questions are always on the same subject. If I don’t bring up the issue of hard money vs. fiat money, Greenspan himself does.”

Here is a final anecdote from that same preface I have always appreciated:

In closing, I would like to pass along an anecdote reported by SmartMoney’s Donald Luskin in a 2002 interview of Ron Paul. Paul told Luskin the story of his owning an original copy of Gold and Economic Freedom, and asking Greenspan to sign it. While doing so, Paul asked him if he still believed what he wrote in that essay some 40 years ago. That tract, written during Greenspan’s days as a devotee of Ayn Rand, is a strongly worded, no-holds-barred attack on fiat money and the central banks as an engine of the welfare state. It also endorses the gold standard as a deterrent to politicians’ penchant for running deficits and printing money. Greenspan – enigmatic as ever – responded that he “wouldn’t change a single word.”

Upon leaving the Fed, Greenspan has spoken as a private citizen on a few occasions about gold as an investment.  In 2014 at a  conference sponsored by the Council on Foreign Relations, Financial Times’ Gillian Tett asked him: “Do you think that gold is currently a good investment?” He replied,  “Yes. Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.”

–– Michael J. Kosares, USAGOLD


Please see the following from USAGOLD’s Gilded Opinion Library:

Ron Paul-Alan Greenspan transcripts (1997-2005)

Gold and Economic Freedom / Alan Greenspan / 1967

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Fiscal year 2018

September 30th marked the end of the U.S. government’s fiscal year

For the month, it added $58 billion to the national debt.
For the fiscal year, it added $1.271 trillion to the national debt.
For the calendar year thus far, it added $1.082 trillion to the national debt.

At fiscal year end, the national debt stood at $21.516 trillion.


The National Debt and Gold
Here’s why the two have risen together since the 1970s
and why the correlation is likely to continue

[Link]

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Posted in Today's top gold news and opinion |

Gold in the Attic

Every once in a while we rummage around USAGOLD’s creaky old attic and dust-off a golden vignette from our storied past. Most first appeared in our monthly client letter. Here is a short entry first published in 2012 the result of our many years experience working with first-time gold investors.  It’s called. . . . . .

Gold in five easy lessons

1. Don’t buy it because you need to make money; buy it because you need to protect the money you already have.

2. Don’t look at price as a barrier; look at it as an incentive.

3. Don’t buy its paper pretenders; buy the real thing in the form of coins and bullion.

4. Don’t fall prey to glitzy TV ads; do your due diligence instead.

5. Don’t allow naysayers to divert your interest; allow yourself the right to protect your interests as you see fit.


We invite you to sign-up for FREE immediate access to our monthly client letter + e-mail notification on all future publication dates.


 

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Posted in Gold in the Attic, Today's top gold news and opinion |

USAGOLD’s Mobile Website

Who says you can’t take it with you?
In fact, you can take the gold market everywhere you go.

Prices. News. Opinion. Charts.
And you can order gold and silver
on your phone anytime!

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