Category: Favorite web pages

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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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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Live Daily Newsletter

“I cannot stress enough how important it is for everybody to really take it upon themselves to read as much as they can and try and understand what’s going on. Don’t rely on the mainstream media, don’t rely on short soundbite information, really dig into this and seek out the people who can help you understand it because it’s incredibly important right now.” – Grant Williams, RealVision-TV (June 2016 Matterhorn interview with Lars Schall

We couldn’t agree with Grant Williams more.  Here at USAGOLD, we have always geared our content to what we believe our clientele would like to know or learn. Not the general public. Not Wall Street. Not the search engines. Not our colleagues in the field.  But our clientele.  The centerpiece to that endeavor is the page you are now reading.

We invite your visits.  We encourage your bookmark.

USAGOLD’s
Live Daily Newsletter
Up-to-the-minute gold market news, opinion and analysis as it happens.

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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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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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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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King Ibn Saud’s 35,000 British sovereign gold coins

“In August, 2018 those same sovereigns would bring a little less than $10 million at melt value ($282.50 each/$1200 per ounce gold price) and a barrel of oil is selling for about $75. Thus, a British sovereign today can buy less than four barrels of oil — a statistic that gives you an inkling of gold’s current under-valuation.  For gold to buy the same amount of oil now that it did in 1933, the metal would have to go to $3186 per ounce.”

For the full story

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