Category: ClientInsights

USAGOLD – Quality service and pricing since 1973

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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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Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“In June, 2009, I decided to make gold ownership an essential part of my investment portfolio. Based on the recommendation of financial professionals, and because I liked that they had been in business for so long, I contacted USAGOLD. After a thorough review of my financial goals and budget constraints, they provided me with a comprehensive set of suggestions as to which gold coins, and what quantities, I should consider. That advice perfectly addressed my investment needs and I have been a customer ever since. Over my years with USAGOLD, I have completed several transactions, both buying and selling gold. Each one was handled with the highest integrity, and the advice I received was always reliable, based on their extensive awareness of current and projected market conditions for gold. I recommend them without reservation. Do not make a decision regarding gold ownership without contacting them.” – Jack D., 1-31-2017

Scorecard: 38 43 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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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.”

[For the rest of Doc’s story we invite you to visit this link.]

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Posted in Announcements, ClientInsights, Today's top gold news and opinion |

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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US $20 Liberty Mint State 64

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Selling fast!


DECEMBER SPECIAL OFFER
Lowest Acquisition Premium Ever + Lowest Acquisition Price in 12 Years + Rarer/Better Date.


The chart says it all.

  View Details  

  Acc’t Signup  

Only 50 available at this special pricing. First-come, first-served.

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Posted in ClientInsights, Today's top gold news and opinion | Tagged |

Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“Thank you so much for your high rating for USAGOLD, Denver. They were recommended by a close friend and I researched them on your website in Oct 2009 and have been in touch with them ever since. I am now in full trust with their extraordinary business of great integrity and expertise. I will always deal with them . . Again, thank you for your expert ratings.” – Elan C., 8-29-2017

Scorecard: 38 45 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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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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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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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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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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Posted in ClientInsights, Today's top gold news and opinion |

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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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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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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Posted in ClientInsights, Today's top gold news and opinion |

Introducing Our New Online Order Desk Department

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‘Collectible Coins’

We are pleased to announce the expanded availability of USAGOLD’s market leading offers of type sets, date runs, complete date sets, regional sets, and mint-mark sets of both U.S. and World gold coinage to our Online Order Desk, in a brand new section titled ‘Collectible Coins‘. These items can now be purchase anytime, day or night, via our secure, password-protected, live-pricing environment.

Contrary to the moniker ‘Collectible Coins’, many of our sets sell within a reasonable range of the spot gold value of the coins, and are typically offered at a discount to the cost of the coins individually. That said, items offered at this page are generally extremely limited in their availability, and represent unique, hard-to-find accumulation opportunities for heirloom-minded investors.

We invite you to peruse our current offerings. And, to commemorate the opening of this new section of our Online Order Desk, we’re offering some great, albeit short-lived discounts. All discounts expire Friday (9/21) at midnight! And check back often! New sets will be added all the time.

** $25 off any sets under $2500 **
** $75 off any sets over $2500 **

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A Chronology of History’s Black Swans

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Panics, mania, crashes and collapses from 400 BC to present

by Michael J. Kosares

We have had a steady stream of retrospection in conjunction with the tenth anniversary of the Lehman Brothers closure and the launch of the 2008 credit crisis – the crisis that never went away. As I read through some of the ruminations of the past few days (a small portion of it posted below), I could not help but recall a quote from the Roman philosopher Seneca. I ran into these words during my own research and writing at the time of the crisis:

“You say: ‘I did not think it would happen.’ Do you think there is anything that will not happen, when you know that it is possible to happen, when you see that it has already happened?”

Seneca penned that bit of wisdom in 62 AD during the reign of the Roman emperor Nero. They have held up well over the ensuing nearly twenty centuries of economic history.  The following is a repost of an article I wrote several years ago.


This chronology was compiled as an accompaniment to my short study on the four most commonly predicted worst-case economic scenarios – Black Swans, Yellow Gold: How gold performs during periods of deflation, chronic disinflation, runaway stagflation and hyperinflation. My original intent was to make a short list that would illustrate the frequency with which periods of economic breakdown made their appearance in the historical record. Little did I know how extensive a project it would become. So much so, that it became worthy, as you can see, of its own web page.

Panics, mania, crashes and collapses, as it turns out, are as common to financial history as thunderstorms to placid summer afternoons. They tend to show up suddenly, wreak more than their fair share of havoc, and recede into the history books only after endless discussion of their causes and cures. Whether brought on by popular delusion, unscrupulous market operators, misguided governments and/or central banks or some random, unforeseen shock, black swan events are part and parcel of the human experience and just as permanent a fixture in our collective history as wars and natural disasters.

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. . .

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Sovereign Default of 400 BC (Syracuse, Greece) – Dionysius confiscates gold and silver money, re-mints it keeping the weight the same but changing the denomination from one to two drachmae — the first known official devaluation at the expense of the general population. A virulent inflation ensues.

Sovereign Default of 377 BC (Ephesus, Greece) – Gold and silver jewelry confiscated to pay budgetary deficit and avoid a collapse of the city-state, no compensation is paid to owners (reported by Aristotle).

Punic Wars Inflation of 241-146 BC (Rome) – Continuous debasement of gold and silver coinage to pay for wars against Carthage. Wealthy classes of savers, who saved in the form of metal, suffered greatest losses, heavily indebted masses did not object.

Sovereign Default of circa 200 BC (Miletus, Greece) – Economic depression, first instance of forced public bond subscription by citizens to pay the debts of bankrupt city-state.

Inflation Crisis of 64 AD (Rome) – Emperor Nero debased gold, silver and copper coinage as an indirect tax on Roman savers, policy ignited inflation and caused general impoverishment of the lower classes. This same devaluation tactic was used repeatedly by emperors during Rome’s decline and fall.

Inflation Crisis of 301 (Rome) – Emperor Diocletian minted an overvalued silver denarius and touched off a rapid and devastating price inflation, then speculative frenzy and social chaos.

Inflation Crisis of 1020 (China) – One of the first paper money printing schemes (S’ung Dynasty) to buy off potential invaders that led to rapid inflation.

(Note: China’s Cai Lun invented paper in 105 AD, so it is fitting that China would introduce the first paper banknotes in 806 AD. Upon Marco Polo’s return from China, he described its use as money: “All these pieces of paper are issued with as much solemnity and authority as if they were of pure gold or silver; and on every piece a variety of officials, whose duty it is, have to write their names, and to put their seals. And when all is duly prepared, the chief officer deputed by the Khan smears the Seal entrusted to him with vermilion, and impresses it on the paper, so that the form of the Seal remains printed upon it in red; the Money is then authentic. Anyone forging it would be punished with death.” It would follow too that the first abuses in the printing of paper money would occur where it was first issued.)

Hyperinflationary Crisis of 1166 (China) – Money printing scheme (Chin Dynasty) based on government monopoly of tea and salt to pay for war against Mongols led to hyperinflationary breakdown.

Inflation Crisis of 1296, 1309, 1350 and 1374 (China) — Series of inflationary crises related to debased currency issuance by various dynasties, explosive credit and subsequent economic breakdowns.

Inflation Crisis of 1455 (China) – Excess issuance of paper money caused inflation to soar, paper currency eliminated as means of payment for several hundred years.

Medici Bank Collapse of 1494 (Florence, Italy) – Corruption, faulty investment, political intrigue and incompetent management brought down the famed Florentine bank — millions lost resulting in tyrannical taxes imposed on citizenry.

Inflation of 1520-1640 (Spain, Europe) – Gold and silver from the New World drove down the value of money leading to Europe-wide hyperinflation. Spain defaulted on its sovereign debts in 1557, 1560, 1575 and 1596.

Tipper and See-Saw Debt Crisis of 1621 (Holy Roman Empire) – States in Europe minted debased coinage that touched off an inflationary nightmare resulting in widespread riots, political instability and crippled economies.

Tulipmania of 1637 (Netherlands) – Speculative frenzy in tulip bulbs ruined thousands when the bubble burst.

South Sea Bubble of 1720 (Great Britain) – Collapse of inflated shares in the South Sea Company ruined investors; value depended on individuals willing to pay ever higher prices for shares, not company- generated profit.

Mississippi Bubble of 1720 (France) – Financial crisis and paper money scheme perpetrated by John Law based on exaggerated wealth and trade opportunities in Louisiana. French economy collapsed when the bubble burst.

Crisis of 1772 (Great Britain) – Triggered by collapse of a major London banking house.

Continental Currency Failure of 1779 (United States) – America’s first currency collapsed, George Washington complained that a “wagon load of money will scarcely purchase a wagon load of goods”, Spanish silver dollar cost 1.25 Continentals in 1777 and 500 Continentals in 1781.

Fiat money inflation of 1789 (France) – Over-issuance of paper money plunged nation into decade-long inflationary crisis leading ultimately to the French Revolution.

Panic of 1792 (United States) – Brought on by credit expansion of newly formed Bank of the United States and rampant speculation by prominent bankers.

Panic of 1796 (United States, Great Britain) – Precipitated by collapse of inflated land prices.

Debt panic of 1813 (Denmark) – Early sovereign default created internal financial crisis.

Panic of 1819 (United States) – End to first American boom-bust economic cycle fueled by unrestrained issuance of paper money through the Second Bank of the United States, encouraged speculation resulting in financial disaster.

Panic of 1825 (Great Britain) – Stock market crashed due to widespread failure of British banks, near collapse of the Bank of England.

Panic of 1837 (United States)– Deflationary breakdown in the United States caused 25% unemployment rate, bank collapses, business failures.

Panic of 1847 (Great Britain) – Financial markets collapsed following 1840s railroad boom with similar effects to the Panic of 1837, specie standard reinstituted as a result.

Panic of 1857 (Global) – First pervasive international economic breakdown. New York financial sector did not recover until after the Civil War Panic of 1866.

Panic of 1873 (United States, Europe) – So-called “Long Depression” lasting twenty years started with financial failures in Vienna and spread to rest of Europe and finally the U.S., resulting in widespread bank failures and railroad bankruptcies.

Panic of 1884 (United States) – Caused by tight credit following depletion of gold reserves in Europe and failure of two New York City banks with ripple effect to other banks.

Panic of 1890 (Great Britain) – Crisis triggered when Barings Bank nearly went bankrupt due to poor investments in Argentina. Bank of France bailed out British central bank.

Panic of 1893 (United States)– Gilded Age collapse and stock market collapse similar to 1873 triggered by shaky railroad investments and a coup in Argentina, also caused a run on gold at the U.S. Treasury.

Panic of 1896 (United States)– Commodity price deflation and a drop in U.S. silver reserves caused stock market collapse and minor economic depression.

Panic of 1901 (United States) – First crash on the New York Stock Exchange precipitated once again by speculation in railroad stocks.

Panic of 1907 (United States) – Major banking panic, run on deposits, stock market collapse (many feel that this panic led ultimately to the creation of the Federal Reserve System). JP Morgan organized bank bailout to keep financial failure contained.

Panic of 1910–1911 – The after-effects of the Sherman Anti-Trust Act, the break-up of Standard Oil caused slight depression.

Nightmare Hyperinflation of 1923 (Germany) – Inflation rate hit 3,250,000% per month at its peak, many blamed World War I reparations as the cause of the money printing binge that brought on the crisis. (Note: Similar hyperinflationary crises, though not as severe, occurred during the 1920s in Hungary, Poland, Austria and the Soviet Union.)

Wall Street Crash of 1929 (United States, Global) – The most devastating stock market crash in U.S. history launched the Great Depression of the 1930s.

Nightmare HyperInflation of 1944 (Greece) – Started with the German occupation and reached its peak after liberation. Citizens refused to accept the Drachma in commerce, the country became impoverished.

Nightmare Hyperinflation of 1946 (Hungary) – Worst inflation ever recorded, prices doubled every fifteen hours wiping out savings.

Stagflation Crisis of  1973 (United States, Global) – Global double-digit inflation rates and high unemployment caused by decoupling gold from the dollar and two associated dollar devaluations (1971, 1973).

Debt Crisis of 1982 (Latin America) – Excessive external debt triggered most serious capital crisis in Latin American history,  currency devaluations and  sovereign debt defaults.

Stock market crash of 1987 (Global) – Began in Hong Kong, spread to Europe and then the United States, the largest one-day percentage decline in history of Dow Jones Industrial Average (called Black Monday).

S&L crisis of 1989-1991 (United States) – Nearly one-fourth of U.S. savings and loan associations failed as the result of bad real estate loans and brought on a mirror real estate crash and disinflationary economic environment.

Asset bubble of 1990 (Japan) – Stock and real estate prices crashed launching Japan’s Lost Decade, deflationary/disinflationary crisis largely confined to Japan.

Scandinavian banking crisis of 1990 (Sweden, Finland) –  Currency and financial institution breakdown, real estate bust.

Pound sterling crisis of 1992–93 (Great Britain) – Speculative attack on British pound forced UK’s withdrawal from European Exchange Rate Mechanism and caused recession.

“Tequila Crisis” of 1994 (Mexico) – Sudden devaluation of peso touched off high inflation,  asset destruction, bank runs and  controversial bailout by the United States government.

Financial Crisis of 1997 (Asia) – Financial contagion affected several Asian nations, including stock market collapses, high inflation and unemployment, real estate busts and a general financial panic.

Monetary Crisis of 1998 (Russia) – Russia devalues ruble, defaults on its debts with knock-on effects globally, including an 11.5% drop in the Dow Jones Industrial Average in three trading sessions and the collapse of Long Term Capital Management.

Economic collapse of 1999 (Argentina) – Government defaults on sovereign debts causing bank runs, riots, capital flight. Overnight, the government freezes all bank accounts for 12 months. The economy grinds to a virtual halt.

Dot-com bubble bust of 2001 (United States) – Internet stock speculative frenzy ended in general stock market collapse and malaise that lasted for over a decade. Helped launch gold’s secular bull market.

Bank crisis of 2008 (Iceland) –  Banks’ collapse caused depositor run, sharp drop in value of Icelandic kronor.

Nightmare Hyperinflation of 2008 (Zimbabwe) – The worst 21st century hyperinflation thus far, a 79.6 billion per cent annual inflation rate at its peak in 2008.

Financial Crisis of 2008 (United States, Global) – Near collapse of global financial system caused extensive, widespread government bailouts and strong international safe-haven gold demand among private investors, institutions and central banks.

Sovereign debt crisis of 2010 (European Union) – Began in Greece and spread through most of Europe. Ongoing crisis precipitated fear among global investors about stability of Europe’s banking system and the euro currency bloc.

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Michael J. Kosares is the founder of USAGOLD and the author of “The ABCs of Gold Investing – How To Protect and Build Your Wealth With Gold.”

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Related reading:

Black Swans, Yellow Gold
How gold performs during periods of deflation,
chronic disinflation, runaway stagflation and hyperinflation

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References

Financial Crisis/Wikipedia
Hyperinflation/Wikipedia
Foreign Bonds: An Autopsy/Max Winkler (source ancient examples)
Ten Fascinating Economic Collapses/Richard Urban
China’s First Experience with Paper Money/Mike Hewitt

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Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“For more than a year now, I have been very concerned about an impending crisis in the financial markets and decided to diversify into gold coins. Thus, I visited a couple of high profile online-coin shops/discount dealers which advertise extensively over the internet and was immediately overwhelmed by the confusion and large spread in prices for the same coin. I also noticed that the BBB reviews of these firms were far from stellar with complaints about quality of the merchandise, spotted and/or marked coins, incomplete orders with substituted items, etc.

Since I was interested in a large order of several hundreds one-ounce coins, I got really concerned and realized that it is truly a wild world out there in the gold coin business. I needed to look for a trustworthy firm and went to the BBB. I immediately found USAGOLD which had received an A+ rating and had ZERO consumer complaint. I got in touch with Jonathan Kosares who immediately inspired me confidence.

I explained to him that I am a “safe-haven” investor not interested in a collection of exotic rare coins but rather in a Krugerrand-type of investment which ensures liquidity and price appreciation. After numerous phone conversations, Jonathan got a better understanding of my investment goals and slowly directed me towards pre-1933 certified coins which had added premiums currently at historic lows. He also explained to me, referring to the graphs on the USAGOLD website, that these premiums can typically reach values 2 to 3 times that of the underlying gold itself in times of financial crisis!

For someone like me, concerned by an impending meltdown of the markets, this was an ‘Eureka’ moment. Jonathan had truly identified – better than I could articulate myself – my investment goals. So far this year, I have made two purchases, the last one being very significant. Throughout, service was impeccable, delivery was fast and the coins were exactly as described. I could not be happier and I am looking forward to more purchases in the future, assuming the financial markets still hold…”

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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Posted in ClientInsights |

Why the gold ETF is the wrong vehicle for serious, long-term investors

Elliott Wave Trader.net/Avi Gilburt/Audio-Video

“Stay away from the ETFs. . . I’m hoping to give you some taste at least of how toxic these funds are and should not be seriously considered as long-term investment vehicles.”

USAGOLD note:  In this 12-minute video Avi Gilburt outlines what he believes to be the dangers of owning gold ETFs.  Gilburt, by the way, who is best known as an expert in Elliott Wave analysis, is also an attorney.


Repost from August 2018

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Posted in ClientInsights, Today's top gold news and opinion |

Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“Thank you so much for your high rating for USAGOLD, Denver. They were recommended by a close friend and I researched them on your website in Oct 2009 and have been in touch with them ever since. I am now in full trust with their extraordinary business of great integrity and expertise. I will always deal with them . . Again, thank you for your expert ratings.” – Elan C., 8-29-2017

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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Posted in ClientInsights, dailyquotes |

Gold as the portfolio choice for all seasons

–––––––––––––––––––––––––––––––––––––––––––––––––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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Posted in ClientInsights, Today's top gold news and opinion |

Gold as a hyperinflation hedge

–––––––––––––––––––––––––––––––––––––––––––––––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)

–––––––––––––––––––––––––––––––––––––––––––––––

Share
Posted in ClientInsights, Today's top gold news and opinion |

Gold as a stagflation hedge

–––––––––––––––––––––––––––––––––––––––––––––––––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)

–––––––––––––––––––––––––––––––––––––––––––––––––

Share
Posted in ClientInsights, Today's top gold news and opinion |

Gold as a disinflation hedge

–––––––––––––––––––––––––––––––––––––––––––––––––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)

–––––––––––––––––––––––––––––––––––––––––––––––––

Share
Posted in ClientInsights, Today's top gold news and opinion |

Gold as a deflation hedge

–––––––––––––––––––––––––––––––––––––––––––––––––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)

–––––––––––––––––––––––––––––––––––––––––––––––––

Share
Posted in ClientInsights, Today's top gold news and opinion |