Author Archives: USAGOLD

USAGOLD one of the oldest and most respected names in the gold business

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USAGOLD’s widely acclaimed monthly client letter

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

The contemporary, web-based version of our client letter traces its beginnings to the early 1990s as a hard-copy newsletter mailed to our clientele. Its principal objectives have always been the same – to keep our clients informed on important developments in the gold market, condense the available gold-based news and opinion into a brief, readable digest, and to counter the traditional anti-gold bias in the mainstream media. That formula has won it a five-figure subscription base. In addition to our regular newsletters, we occasionally publish in-depth special reports that focus on events and developments of interest to gold owners. Valued for their insight, accuracy and reliability, our publications are linked and reprinted by a large number of websites both in the United States and around the globe.

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Looking to get informed and stay informed on the gold market?
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No strings attached. Prospective clients welcome!

Next issue scheduled for on or around October 10th, 2020

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Short and Sweet

The story of the year in financial markets

cartoon showing a smoldering economic skyline 'but we are safer now, right?'

“One could be excused for wondering if gold can maintain its pace,” writes Jeff Clark in a Strategic Wealth article, “but how many of the risks that pushed it higher in the first place are gone? Check out the risks that remain around the world and see if it’s really time to reduce exposure – or instead make sure one has enough ounces.” These days, the name of the game is maintaining wealth under extraordinarily difficult economic circumstances. The Stein cartoon above is from another time but it still resonates today.

An argument can be made that the difficulty we’ve encountered has yet to manifest itself entirely on Wall Street and in other financial centers. On the other hand, it has certainly begun to manifest itself in the gold market. “I think [gold] is the story of the year in financial markets,” said Sprott’s Peter Grosskopf in a recent Financial Times article. “Gold has finally come on to Main Street as an asset people actually need to have.”


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Image of the word 'Gold' with elaborate gold crownThe Investment of Kings and the King of Investments

From the small investor just starting out to the high-net-worth individual hedging a multi-million dollar portfolio, we have helped many thousands add precious metals to their holdings in our more than 45 years in the gold business – safely, economically and with the investor’s goals in mind.

No matter the size of your investment kingdom, we can help!


Interested in gold but struggling to find the right firm?
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USAGOLD Special Report

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Bridging the ‘Fourth Turning’ with Gold
It began in 2008.  It is scheduled to end in 2028.
What happens between now and then?

graphic image of suspension bridge
“The fourth turning, is the final season of history, if you will, the final generation. And that is the period of crisis. That is the period when we tear down institutions that we’ve built, everything that’s dysfunctional. And we sort of rebuild things from scratch again. And it usually follows a period where – it’s bound up in a period – where there’s complete disgust, complete distrust with what we have.” – Neil Howe, co-author The Fourth Turning (from a MacroVoices interview, August 2017)

We first published this article in October 2018.  It is as relevant today as it was then though the message has taken on a greater degree of urgency after the events of the past few weeks. A link to the full MacroVoices interview is included with the article.

–– Full Article ––


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Thinking about buying gold and silver?

Wizard of Id cartoon 'whoever has the gold makes the rules'

Gold in six easy lessons

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

6. Don’t forget the golden rule: Those who own the gold make the rules!


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Posted in ClientInsights, Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion | Tagged |

The Precious Metals Safe Storage Advantage

Graphic image of gold safe doorIt only takes a few minutes to complete a Precious Metals Safe Storage account opening form, but it could mean all the difference for the investor seeking a superior alternative to gold and silver ETFs. We use the word “superior” because depository storage accounts come with an option not readily available in most ETF accounts – You can take delivery of the metal in your account, or any portion of it, whenever you wish.  And you can include gold bullion coins, historic fractional gold coins, U.S. $20 gold pieces, silver bullion coins, bars – in other words, the range of gold and silver investment products available at USAGOLD.

At the same time, given the exclusive preferred referral storage rate you receive by opening your storage account through USAGOLD, the annual cost to maintain your holdings is comparable (and often lower) to what most ETF vendors charge in annual fees. All the while, your metal is stored safely and fully insured in an allocated account at one of America’s oldest, largest and highly respected independent depositories – a firm with which we personally have done business for decades.  To get started, we invite you to go to the link immediately below and fill out the application.

This approach is especially well suited for those who want to take a strong position in silver and avoid the logistics and storage problems that often accompany it.

Account Form – Precious Metals Storage Account


Interested in the safety of physical gold with the same convenience of an ETF?
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Posted in Announcements, ClientInsights, Today's top gold news and opinion | Tagged |

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

“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

Graphic image of Spanish galleon at sea

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.


If you are ready to launch your precious metals IRA, we can help.
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7

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

Short and Sweet

2010-2020 – a profitable decade for gold investors

Investors who purchased gold anytime over the past ten years (since September 2010) could have sold it at a profit in September 2020 – in some instances at a significant profit.

Gold
10-Year Chart (as of September 18, 2020)

Line chart showing the gold price over the past ten years through 9-18-20

Chart courtesy of the St. Louis Federal Reserve
Soource: ICE Benchmark Administration • • • Click to enlarge

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

Favorite web pages

Daily gold and silver price history
1968 to present

Map of the World in gold with www.usagold.com, member of World Wide Web since 1997

Our Daily Gold and Silver Price History pages are among the heaviest traffic pages at the USAGOLD website. The archived data is licensed from the ICE Benchmark Administration and the London Bullion Market Association and Netdania Creations and run from 1968 to present.  FOREX prices for the day are posted as a live feed and then frozen at the end of each trading day.  These pages are frequented by data gatherers of all descriptions from professors and their students to market professionals and investors – all interested in gold’s price performance both over the long run and within specific time constraints for their own research purposes.

Daily Gold and Silver Price History is another 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.

GOLD • • • SILVER

USAGOLD’s
Daily gold and silver price history pages

Posted in Favorite web pages, Today's top gold news and opinion | Tagged |

Market Overview


Market Data by TradingView

Posted in Today's top gold news and opinion |

Gold is the investment for All Seasons

Looking to prepare your portfolio for whatever uncertainty lies ahead?
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Short and Sweet

Government spending is a tailwind for gold

The problem with monetary stimulus is that it requires takers, i.e., people and businesses willing to borrow and spend. Private borrowers, though, are not as prolific as the Fed or federal government would like at this juncture. Governments, on the other hand, are ready borrowers and big ones at that. In fact, as Manhattan Institute’s Brien Riedl recently pointed out in a National Review article, the Fed has already financed roughly half of government spending to combat the economic hit from COVID-19.  How is all of this a ‘tailwind’ for gold? The overlay chart below showing the federal debt and gold tells the story at a glance. With the rest of the world worried about financing its own debt, the buyers of U.S. debt are likely to become scarcer and that is where the Fed steps in by monetizing those obligations. When all is said and done, that is perhaps the most basic reason why gold has behaved as it has since March of this year when it sold for $1470 per ounce.

Overlay chart showing the federal debt and the gold pricing rising in tandem since 1970s

Sources: ICE Benchmark Administration,  U.S. Treasury, St. Louis Federal Reserve
The trendline (graphed quarterly) does not reflect the current $26.5 trillion national debt figure.


Looking to hedge the upcoming multi-trillion-dollar stimulus package?
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Posted in Today's top gold news and opinion |

Gold in the Attic

photo of attic clutter

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, but this one comes from the first chapter of The ABCs of Gold Investing – How To Protect and Build Your Wealth With Gold by USAGOLD’s founder Michael J. Kosares.  First published in 1996, it is a timeless story about gold’s ultimate value ……

Asset Preservation
Why Americans need gold

“The possession of gold has ruined fewer men than the lack of it.”
Thomas Bailey Aldrich

The incident is one of the most memorable of my career. Never before or since has the value of gold in preserving assets been made so abundantly clear to me. It was the mid-1970s. The United States was finally extricating itself from the conflict in South Vietnam. Thousands of South Vietnamese had fled their embattled homeland rather than face the vengeance of the rapidly advancing Communist forces.

A couple from South Vietnam who had been part of that exodus sat across from me in my Denver office. They had come to sell their gold. In broken English, the man told me the story of how he and his wife had escaped the fall of Saigon and certain reprisal by North Vietnamese troops. They got out with nothing more than a few personal belongings and the small cache of gold he now spread before me on my desk. His eyes widened as he explained why they were lucky to have survived those last fearful days of the South Vietnamese Republic. They had scrambled onto a fishing boat and had sailed into the South China Sea, where the U.S. Navy rescued them. These were Vietnamese “boat people,” survivors of the final chapter in the tragedy of Indochina. Now they were about to redeem their life savings in gold so that they could start a new business in the United States.

Photo of gold KimThanh from Viet NamTheir gold wrapped in rice paper was a type called Kim Thanh. These are the commonly traded units in Hong Kong and throughout the Far East. Kim Thanh weigh about 1.2 troy ounces, or a tael, as it is called in the Orient. They look like thick gold leaf rectangles 3 to 4 inches long, 11⁄2 to 2 inches wide, and a few millimeters deep. Kim Thanh are embossed with Oriental characters describing weight and purity. As a gesture to the Occident, they are stamped in the center with the words OR PUR, “pure gold.”

It wasn’t much gold—about 30 ounces—but it might as well have been a ton. The couple considered themselves very fortunate to have escaped with this small hoard of gold. They thanked me profusely for buying it. As we talked about Vietnam and their future in the United States, I couldn’t help but become caught up in their enthusiasm for the future. These resilient, hardworking, thrifty people now had a new lease on life. When they left my office that day, there was little doubt in my mind that they would be successful in their new life. It was rewarding to know that gold could do this for them. It was satisfying to know that I had helped them in this small way.

I kept those golden Kim Thanh for many years. They became something of a symbol for me—a reminder of the power and importance of gold. Today, when economic and financial problems have begun to signal deeper, more fundamental concerns for the United States, I still remember that Vietnamese couple and how important gold can be to a family’s future. Had the couple escaped with South Vietnamese paper money instead of gold, I could have done nothing for them. There was no exchange rate for the South Vietnamese currency because there was no longer a South Vietnam! Wisely, they had converted their savings to gold long before the helicopters lifted U.S. diplomats off the roof of the American Embassy in 1975.

Over the years, I have come to understand and appreciate the many important uses of gold—artistic, cultural, economic, and industrial. Gold is unsurpassed for jewelry and as a high-tech conductor of electricity. Gold has medical applications in dentistry and in treating diseases from arthritis to cancer. Gold plating is used in computers and in many other information-age technologies. In nanotechnology, it is used in a variety of cutting-edge medical diagnostic devices. As for its engineering uses, gold can be found in automobile anti-pollution devices, in jet engines, in architectural glass, and in a number of space applications. All of these pale, though, when compared to gold’s ancient function as money, as an asset of last resort and an unequaled store of value.

– Michael J. Kosares


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


Recent Better Business Bureau Five-Star Client Review

“In 2008 I thought the sky was falling and rolled some money into Gold and Silver. Someone had referred me to GC at USAGold and I contacted him and boy have I been thankful! I was nervous because this was a lot of money to me but I’m NOT in the **** **** category. GC took time to walk me through the process and how best to invest my money. He treated me with care and respect even though my account was smaller and answered all my questions. It was a great experience and I’ve been a customer ever since. USAGold provides great education with a monthly newsletter and I have really enjoyed reading the ‘ABC’s of Gold Investing’. There are so many ways that a novice can be taken advantage of so it is important to me to have someone that I can trust when it comes to investing in metals. In my opinion and experience, USAGold has always been ethical and trustworthy. They are transparent and upfront with their commission structure and I have never felt like I was being ‘Sold’ or pressured into trades. I trust USAGold and use them for my metal trades.”  – Dan Mc, 9-1-2020

Scorecard: 30 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.


To end right, start right.
DISCOVER THE USAGOLD DIFFERENCE
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ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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

graphic image of gold fluer de lis top
To end right, start right.

Choose the right portfolio mix with the right firm at the right price.

Choose
USAGOLD
Coins & bullion since 1973

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Short and Sweet

Yap stone money inflation

photo of yap stone money in various sizes
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.


Looking to protect your savings against debasement of the local currency?
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NEWS &VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 46th year in the gold business

SPECIAL REPORT


Hedging the decline and fall of a currency
The baseline case for gold
hasn’t changed much in 1700 years

cover of the novel The Burning Stone by Jack Whyte

Book Review 

“We sometimes forget that inflation is a process rather than an event. One of the better-known examples of that axiom is the nearly two centuries-long debasement of Rome’s silver denarius – an inflationary episode Jack Whyte, a writer of historical fiction, skillfully addresses in his latest novel, The Burning Stone ……

Over the long run, gold in the modern era has maintained its purchasing power as it did in Roman times, while the dollar, like the denarius, has been steadily debased. So it is by the circuitous route just taken, you now know how Jack Whyte’s depiction of the Roman inflation in The Burning Stone reinforces the argument for gold ownership today.  It also explains why we went to the trouble of presenting a review of this intriguing book in our monthly newsletter.”

March 2020 edition of our monthly newsletter

We think you will appreciate this  News & Views Special Report given recent events!


If you think you could benefit from a concise review of the latest news, analysis and opinion on the gold market from a variety of expert sources, then News & Views is the newsletter for you. Since the early 1990s, we have offered it free-of-charge as a monthly service to our regular clientele and as an incentive to prospective clients at no obligation. By subscribing, you will automatically receive future editions and occasional in-depth Special Reports by e-mail.

FREE SUBSCRIPTION!

 

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

Ed Stein cartoon image of investor thinking 'decisions, decisions. . .'
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 useful guidelines to help
you choose the right gold and silver company.


To end right, start right.
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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

Short and Sweet

Only real intrinsic money survives the test of time

photo of stacks of gold and silver coins

Here is a timeless observation from the now-deceased Richard Russell (Dow Theory Letter):

“Paper money is now being created wholesale throughout the world. Stated simply, all paper currency is now valued against each other. But more important, ultimately ALL paper is ultimately valued against the only true, intrinsic money – gold. In world history, no irredeemable paper currency has ever survived. Since all the world’s currency is now irredeemable (in gold), this means that in the end, the only form of money that will survive is real intrinsic money – gold. It’s not a question of whether gold will survive, it’s a question of when the world’s current paper money will deteriorate and finally die. I can tell you that irredeemable paper will not survive – but obviously I can’t tell you when it will die. The timing is the only uncertainty.”

The chart below from the World Gold Council speaks to Russell’s point. It shows the performance of various currencies – past and present – against gold over the long term.  When the end comes, as the chart illustrates, it can come abruptly and without warning. For those who stick to the proposition that gold is not really an inflation hedge, or that it is not really a safe-haven against currency debasement, the chart offers instruction. For those who already own gold as a safe-haven, it provides justification. For those who do not own gold, it serves as an incentive.  As the old saying goes:  All is well until it isn’t.

Chart showing gold outperforming all major currencies since 1900Chart courtesy of the World Gold Council


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