Author Archives: USAGOLD

Short and Sweet

Part 1 of 5. . . . . .

What makes this gold market rally
different from all others


It is led by institutions and funds, not private investors


Global quantitative easing created a huge and mobile pool of capital in constant need of a place to call home. As the need for a safe haven became apparent among the stewards of that capital, the demand for gold flourished. The consistent presence of funds and institutions as buyers in this rally, as represented by the growth in ETF stockpiles, is one of its hallmarks and represents one of the major differences between this gold rally and rallies of the past. Though private investors have been late to the game, the rapid development of the physical market for gold coins and bullion in the United Kingdom is testament to the fact that sentiment can change quickly.

Overlay chart of gold ETF holdings by region and the gold price - World Gold Council

Chart courtesy of the World Gold Council

Part 1 Part 2Part 3Part 4 Part 5


Ready to move from education to action?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7


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

Short and Sweet

Part 2 of 5 . . . . .

What makes this gold market rally
different from all others


Day-to-day price reversals often originate
in Asia and Europe, not just the United States


For decades, the U.S. commodity markets set the tone for gold pricing and the rest of the world was content to follow. Even the old London price fix tended to follow along with trends established in the United States.  That all changed when the Shanghai gold market began offering its own pricing mechanism and the effects of Brexit began to have a profound impact on both sides of the English Channel. Now, price reversals often begin in Asian or European markets overnight and carry over to the open in New York rather than the other way around.  All of this is a reflection of ramped up global investor interest in gold and a leveling of the playing field in terms of who and what influences the price on a daily basis.  As such, it comprises our second important difference between the current gold price rally and rallies in the past.

World Map of gold trading centers - London, New York, Chicago, Tokyo, Shanghai, Dubai, Zurich
Part 1 Part 2Part 3Part 4Part 5


Ready to move from education to action?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7



Posted in Short and Sweet | Tagged |

Short and Sweet

Part 3 of 5 . . . . .

What makes this gold market rally
different from all others


Central banks are buyers of physical gold, not sellers.


In 2011 something unusual happened in the gold market.  Central banks flipped from being net sellers of the precious metal to net buyers reversing a 40-year trend.  Since then, the official sector has added 4,563 metric tonnes to their coffers (through the first half of 2019) – a 15% gain in stockpiles to 34,407 metric tonnes.  The gold that central banks take off the market, though, is only part of the story. The rest has to do with how domestic production in two key producing countries – China and Russia (the world’s number one and three producers) – is treated.  Both countries channel their mined metal into national reserves rather than selling it in the global marketplace. Many analysts see this new and evolving approach to gold reserves as the key difference between the present gold rally and rallies of the past.

Bar chart showing central banks switching from gold sellers to gold buyers begnning in 2011

Part 1 Part 2Part 3Part 4Part 5


Ready to move from education to action?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7


Posted in Short and Sweet | Tagged |

Short and Sweet

Part 4 of 5 . . . . .

What makes this gold market rally
different from all others


Bullion banks are covering their shorts on price retreats, not piling-on


Declining global interest rates have put a damper on another traditional source of physical gold supply – bullion bank leasing programs. “We can conclude,” writes gold market analyst, Alasdair Macleod, in an insightful paper published at the GoldMoney website, “that the basis for highly geared interest rate arbitrage by borrowing gold is running into a brick wall. Not only is there no incentive for lessors but also there is also a diminishing appetite for lessees because the opportunities are vanishing. Synthetic gold liabilities are being gradually reduced, not only by ceasing the creation of new obligations, but by buying bullion to cover existing ones. This will have been particularly the case when the USD yield curve began to invert in recent months (itself a backwardation of time preference), and was the surface reason, therefore, that the gold price moved rapidly from under $1200 to over $1500.” This change in direction for bullion banks represents another fundamental difference between this rally in the gold price and rallies of the past.  What’s more, given the entrenched low-rate environment, it looks like it might remain a factor for some time to come.Graphic image of bull and bear, pencil drawing

Part 1 Part 2Part 3Part 4Part 5


Ready to move from education to action?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7


Posted in Short and Sweet | Tagged |

Short and Sweet

Part 5 of 5 . . . . .

What makes this gold market rally
different from all others


Yields in economically important parts of the world
are negative, not positive


Negative interest rates are a reality in both the European Union and Japan, and Alan Greenspan said recently that it is “only a matter of time” before they spread to the United States.  One of the arguments against gold over the years has been that it costs money to own it. Now it costs money to own euros and yen, and before too long it might cost money to own the dollar as well.  The advent of negative rates is perhaps one of the more profound differences between this gold rally and rallies of the past. It might also prove to be the most enduring.  “One of the reasons,” Greenspan added in that same CNBC interview, “the gold price is rising as fast as it is – you know, at $1500 a troy ounce . . . What that is telling us is that people are looking for resources they know are going to have a value 20 years from now, or 30 years from now, as they age and they want to make sure they have the resources to keep themselves in place.”

Overlay chart showing gold and negative yield debt rising in tandem

Chart courtesy of the World Gold Council

Part 1 Part 2Part 3Part 4Part 5


Ready to move from education to action?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7


Posted in Short and Sweet | Tagged |

Better Business Bureau Five Star Review

 

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

Recent Better Business Bureau Client Review

Scorecard: 38 45 48 55 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

“We have been purchasing Gold And Silver from USA Gold for about two years now The staff is extremely knowledgeable , coin quality is extraordinary, delivery is fast / dependable. I read there newsletter everyday. Actually several times a day – the links in the articles offer a wealth of information that have helped me navigate / stay on course through the ups and downs of Gold / Silver ownership.”

Frank R.

[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.

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

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

Short and Sweet

______________________________________________

Why the U.S. needs to encourage
Americans to hold gold

Image of coin pile, American gold eagles, one ounce

We have always believed that citizen ownership of physical gold is in the national best interest, not just the best interest of its accumulators.  In the event of a worldwide economic breakdown or a realignment of the global monetary system, it would be good for the country to have a storehouse of gold held by the populace.  China encourages citizen gold ownership for precisely that reason.

“With a growing number of countries encouraging their central banks and citizens to acquire gold,” writes The Federalists Sean Fieler, “it is increasingly reasonable to assume that gold will be part of the world’s monetary future, not just its past. The U.S. Treasury should embrace policies that will attract more of the world’s gold to America and better position our citizens and our nation for whatever the monetary future may hold.”

______________________________________________

 

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

What’s best? A gold ETF or outright ownership of the real thing?

Not a day goes by, that one gold ETF or another is reporting on the gains to its stockpile.  Most of those gains come from financial institutions and hedge funds boosting their portfolio positions.  We do not in any way denigrate the importance of this Wall Street move to gold. In fact, their presence in the gold market has been one of the market mainstays over the past few years and a welcome addition to the ranks of gold owners.

At the same time, for the Main Street safe-haven investor ownership through an ETF might not be the best approach. Gold ETFs, says Simon Black of the SovereignMan website, are “purely a financial product that defeats the entire purpose of owning gold to begin with. Why turn one of the best, longest-standing physical assets in the history of the world into a paper asset? With this type of debt instrument, you don’t actually own the gold yourself. You become a creditor with nothing more than a claim on someone else’s gold.” At USAGOLD, we have an answer for that . . .

The Precious Metals Safe Storage Advantage

Image of golden 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.

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 at one of America’s oldest, largest and 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.

Account Form – Precious Metals Storage Account


Please call or email if you have any questions.
1-800-869-5115 Ext#100
orderdesk@usagold.com

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

Recent client testimonial

Image of check for $1 million

“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.


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 |

Favorite web pages

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

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

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

graphic image of man standing at entrance to maze
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

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

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

Four absorbing keynote speeches at this year’s Denver Gold Group Forum

Image of Gold Forum of America's logoKeynote Speakers
Denver Gold Group
30th Annual Conference
September 15-18, 2019


photo of Pierre Lassonde, Franco Nevada chairmanPierre Lassonde
Chairman, Franco-Nevada Corporation

“A Thirty Year Walk Through the Gold Market”
“30 years of gold price. 30 years of gold demand. 30 years of gold mining. The next 30 years!”

[Link]

photo of Suki Cooper, Standard Chartered analystSuki Cooper
Precious Metals Analyst, Standard Chartered Bank

“Will Central Banks Remain Reliable Gold Buyers?”
“Global gold official sector reserves are now at their highest since 1996. The official sector has been a consistent buyer since 2010 even amid volatile price action and as prices have hit all-time highs.
[Link]

Photo of Douglas Silver, Orion mine finance portfolio managerDouglas Silver
Portfolio Manager, Orion Mine Finance Limited
“A Thirty Year Walk Through Equity Precious Metals”
“A Colorado perspective. 1989– Colorado had 3.3 millionpeople. 600,000 in the Denver metro area. We were hurting for jobs and investment. Desperation leads to Innovation.”
[Link]

photo of Grant Angwin, Angwin Precious Metals Advisory ServicesGrant Angwin
President, Angwin Precious Metal Advisory Services
“Challenges For Precious Metals Refining”
“Available versus not available market. Capacity defies logic. Typical refining rates down 55% in 6 years. Significant changes in regulation. Very little, to no, long-term growth.”
[Link]


Repost from 9-24-2019

Posted in Today's top gold news and opinion |

COT – Gold specs raise bullish bets for 3rd straight week


–– Now posted ––
Commitment of Traders reports for Tuesday, November 5, 2019
GOLD • SILVER • US DOLLAR INDEX

Commentary by Zac Storella, CountingPips

[LINK]


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

Gold specs raise bullish bets for 3rd straight week

Through Tuesday, November 5, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Overlay chart showing gold COT large traders positions

table showing gold COT trader postions

Gold Non-Commercial Speculator Positions:

Large precious metals speculators once again lifted their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 279,828 contracts in the data reported through Tuesday November 5th. This was a weekly change of 3,313 net contracts from the previous week which had a total of 276,515 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 9,168 contracts (to a weekly total of 344,591 contracts) while the gross bearish position (shorts) gained by a lesser amount of 5,855 contracts for the week (to a total of 64,763 contracts).

Gold speculators slightly boosted their bullish positions this week, pushing bets higher for a third straight week and for the fourth time out of the past five weeks. The gold position remains at the higher end of its bullish range as bets have continued to be higher than at least +250,000 net contracts for sixteen straight weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -317,138 contracts on the week. This was a weekly decrease of -15,922 contracts from the total net of -301,216 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1483.70 which was a decrease of $-7.0 from the previous close of $1490.70, according to unofficial market data.


Silver speculators trim bullish bets for 1st time in 3 weeks

Table showing silver COT trader positions

Silver Non-Commercial Speculator Positions:

Large precious metals speculators lowered their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 47,997 contracts in the data reported through Tuesday November 5th. This was a weekly decline of -5,681 net contracts from the previous week which had a total of 53,678 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 1,806 contracts (to a weekly total of 97,174 contracts) but being more than offset by the gross bearish position (shorts) that rose by a greater amount of 7,487 contracts for the week (to a total of 49,177 contracts).

Silver speculators cut back on their bullish positions following two weeks of gains that had put the bullish level back over the +50,000 contract threshold. The silver position continues to remain strongly bullish with long contracts staying above the +40,000 net level for the past twelve weeks. Overall, the silver position has been in a bullish position for twenty-two consecutive weeks since June 11th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -74,982 contracts on the week. This was a weekly loss of -6,937 contracts from the total net of -68,045 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1756.80 which was a decline of $-26.30 from the previous close of $1783.10, according to unofficial market data.


US Dollar Index speculators cut bullish bets for 5th week

Table showing US Dollar Index trader positions

US Dollar Index Speculator Positions

Large currency speculators continued to reduce their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 28,379 contracts in the data reported through Tuesday November 5th. This was a weekly lowering of -1,130 contracts from the previous week which had a total of 29,509 net contracts.

This week’s net position was the result of the gross bullish position (longs) dropping by -2,200 contracts (to a weekly total of 34,983 contracts) compared to the gross bearish position (shorts) which fell by a lesser amount of -1,070 contracts on the week (to a total of 6,604 contracts).

USD Index speculative positions fell again for a fifth straight week and have now declined by -14,649 contracts over that time-frame. The current bullish position is at the lowest level in sixteen weeks, dating back to July 16th. Despite the recent bearishness, the dollar bullish standing has now remained above the +20,000 net contract level for sixty-eight straight weeks.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
––––––––––––––––––––––––––––––––––––––__________–––––_______––
Posted in COT Reports |

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!


QUESTIONS?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER GOLD & SILVER ONLINE 24-7

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

Short and Sweet

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

Two legendary central bankers embrace gold

Image of one-time central bank heads Mervyn King and Alan GreenspanAll is not well with the economy. Growth rates continue to remain stubbornly low in the United States and at recessionary levels in much of the rest of the world.  A recent Gallup Poll found that “Americans’ outlook for the economy has soured in the past two months, with 48% now saying economic conditions are worsening – up from 45% in December and 36% in November.”

In The End of Alchemy (2017), Mervyn King, the former governor of the Bank of England, writes of central banks’ frustration in dealing with the persistently stagnant global economy. “Central banks,” he says, “have thrown everything at their economies, and yet the results have been disappointing, Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced. . . [W]ithout reform of the financial system, another crisis is certain – sooner rather than later.”

“Our problem,” Alan Greenspan once said, “is not recession which is a short-term economic problem. I think you have a very profound long-term problem of economic growth at the time when the Western world, there is a very large migration from being a worker into being a recipient of social benefits as it is called. And this is legally mandated in all of our countries.” The western world, he concludes, is headed to “a state of disaster.”

It is interesting to note that both Greenspan and King, two of the most respected central bankers in modern times, have embraced gold since leaving their respective posts. The former Fed chairman has consistently suggested that gold is “a good place to put money these days given the policies of governments.” The former governor of the Bank of England says that he is “very struck by the fact that over many many years, central banks, governments and individuals have always, despite the protestations of economists, held some gold in their portfolio. . .[W]hen unexpected things happen, particularly when governments rise and fall, then gold is a means of payment that everyone is always prepared to accept. And I think that’s why even central banks have always had a role in their portfolios for gold.”

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

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

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

Where are we in Tyler’s historical cycle?

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world’s great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency from complacency to apathy, from apathy to dependency, from dependency back to bondage.” – Alexander Tyler, 18th century historian and jurist

Dr. MoneyWise says:  I always keep in mind Alexander Tyler’s historical cycle. I estimate that we are now somewhere between the “complacency” and “apathy” stages with “dependency” –if recent political rumblings can be taken at face value – knocking on the door. History is replete with examples of a rapid debasement of the currency accompanying the latter stages of Tyler’s cycle and that is why I own gold.

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

Posted in Dr. Moneywise, Today's top gold news and opinion | Tagged , |

______________________________________________________

NEWS &VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 46th year in the gold business

Sign-up to receive our upcoming issue.
–– Release date November 10, 2019 or thereabouts ––
Your interest is welcome!

image of golden compassIf 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. By subscribing, you will automatically receive future editions and occasional in-depth Special Reports by e-mail.

FREE SUBSCRIPTION!

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

Short and Sweet

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

Copernicus on the debasement of money

Image of 8¢ stamp depicting Copernicus holding representation of heliocentric earth orbit

“Although there are countless scourges which in general debilitate kingdoms, principalities, and republics, the four most important (in my judgment) are dissension, [abnormal] mortality, barren soil, and debasement of the currency. The first three are so obvious that nobody is unaware of their existence. But the fourth, which concerns money, is taken into account by few persons and only the most perspicacious. For it undermines states, not by a single attack all at once, but gradually and in a certain covert manner.” – Copernicus, Essay on the Coinage of Money (1526)

Few know that Copernicus applied his genius to the insidious effects of currency debasement. The ground-breaking essay linked above probably influenced both John Maynard Keynes (See below) and Thomas Gresham of “bad money drives out good” fame. Supply Side Blog’s Ralph Benko says Copernicus’ essay has been translated into English several times yet those translations remained difficult to obtain for students of the monetary arts and sciences.  It has remained mostly the property of elite historians.” Above we link Edward Rousen’s translation that you might keep company with the knowledgeable elite.

It cost 8¢ to mail a one-ounce letter in 1973 as indicated by the commemorative Copernicus stamp shown above.  It costs 55¢ today – an illustration of his assertion that currency debasement “undermines states, not by a single attack all at once, but gradually and in a certain covert manner.”  The post office increased the cost of mailing a letter by 5¢ – to 55¢ – beginning in 2019.


“By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.” – John Maynard Keynes, The Economic Consequences of Peace (1919)

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

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

Better Business Bureau Five Star Review

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

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 54 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.

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

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

Favorite web pages

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

photo of pile of Viking runes


This page catalogs price predictions on gold and silver prices from top pundits and prognosticators – a casting of the runes that begins in January and is updated regularly throughout the year as new additions surface.

[LINK]

We invite your bookmark.  We invite your return visit.

__________________________________________________

 

Posted in Announcements, Premium Bulletin Board, Today's top gold news and opinion | Tagged |