Author Archives: USAGOLD

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

Ready to include a safe haven in your portfolio plan?
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

 

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

Short and Sweet
Blinded by the Money Illusion

graphic image of a pile of green money

“Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be.” – Janet Yellen, Former Federal Reserve chairwoman

With those words, Janet Yellen, now the Secretary of the Treasury and facing an even worse crisis than the one referenced above, put investors around the world on notice, though probably not in the way she intended. In the past, such smug assurances from public officials have been enough to send contrarian villagers heading for the safety of the nearby woods. The informed student of financial history knows that panics, manias, crashes, and collapses are as common to investment markets as hurricanes to Caribbean beaches. To think that suddenly we have banished their recurrence for ‘our lifetimes’ smacks of the kind of misguided hubris that contributed directly to the 2008 meltdown and subsequent untold financial hardship. Just about the time most everyone comes to the conclusion nothing could go wrong, everything goes wrong …… and in a hurry, as we have discovered over the course of the past two years.

______________________________________________________________________________

Looking to hedge the mysteries of current monetary policy?
DISCOVER THE USAGOLD DIFFERENCE

Reliably serving physical gold and silver investors since 1973

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

Market Overview

Landscape mode is recommended for mobile phone viewing.

Market Data by TradingView
Delayed data except FOREX

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

How to choose a gold firm
It may be the most important choice you make as a gold owner

photo shows choosing a king on the chessboard

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

Reliably serving physical gold and silver investors since 1973

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

Short & Sweeet
‘The world is being tested to the extreme.’
Protecting and building wealth in a new financial era

“Remember what we’re looking at. gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.” – Alan Greenspan, November 2014

graphic image of gold coins stacks and green arrow ascending

Interest Rate Observer’s James Grant referred to the current period as a “wild time in money.” Credit Suisse’s Zoltan Pozcar warned that “this crisis is not like anything we have seen since President Nixon took the US dollar off gold in 1971.” Mohamed El-Erian likened the Fed’s current monetary policy to that of a developing country central bank. “The Russian invasion of Ukraine and the corresponding Western sanctions and seizure of Russian FX reserves,” said long-time market analyst Lawrence Lepard, “are nothing short of a monetary earthquake.” Larry Fink, who manages BlackRock, the world’s largest investment fund, said the invasion marked “a turning point in the world order” and the end of globalization. Finally, George Soros went to the dark side calling Russia’s invasion of Ukraine “the beginning of World War III with the potential to destroy our civilization.”

If we have indeed embarked upon a new and turbulent financial era, as the above suggests, investors will be tasked with protecting and building their wealth under extraordinary and unpredictable circumstances. “History,” says James Grant, “would counsel us to be humble, prepared to listen and interpret correctly.” Swiss-based investment analyst Claudio Grass took a similarly philosophical approach (and one that we have counseled over many years). “It really does go a lot deeper than a comparison between gold and stocks, or considering the better ‘play’ for one’s portfolio performance,” he said. “The real counter-question now is ‘What is your peace of mind worth?’” Long-time money manager Stephen Leeb believes “the world is being tested to the extreme…Right now, as individuals, the best thing you can do for yourself is to buy protection, and that means investing in gold. Even under the best scenarios, a lot of turmoil lies ahead before we reach the other side, and gold will be the best way to get through it in good shape.”

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

Concerned about the dawn of a new and turbulent financial era?
DISCOVER THE USAGOLD DIFFERENCE

ORDER DESK

Reliably serving physical gold and silver investors since 1973

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

Thinking about buying gold and silver?


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!


Ready to become a member of the ruling class?
DISCOVER THE USAGOLD DIFFERENCE

ORDER DESK

Reliably serving physical gold and silver investors since 1973

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

Short and Sweet
Inflation is a process not an event
But history, as we are learning now, shows runaway inflation can come suddenly and without warning

graphic image showing decline of the denarius over 200 y ears

Image courtesy of Visual Capitalist • • • Click to enlarge

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. The Roman citizen who had the wisdom to hedge that process by going to gold at nearly any point along the way ended up preserving some portion, if not all, of his or her wealth. Those who did not suffered its debilitating effects. In the inflationary process, the line between cause and effect is not always a straight one, and its timing difficult to discern. History teaches us, though, that when runaway inflation does arrive, it comes suddenly, without notice, and with a vengeance. That is why it pays to view gold as a permanent and constantly maintained aspect of the investment portfolio. “A change of fortune,” Ben Franklin tells us, “hurts a wise Man no more than a change of the Moon.”
_________________________________________________________________
(Related please see:  News & Views Special Report / March 2020 / Hedging the decline and fall of a currency – The baseline case for gold hasn’t changed much in 1700 years)

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

Looking to prepare your portfolio for whatever uncertainty lies ahead
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

 

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

Notable Quotable

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

“Why does the cycle move as it does? What causes these periodic alternations, this ebb and this flow, in the national priorities? If it is a genuine cycle, the explanation must be primarily internal. Each phase must flow out of the conditions – and contradictions – of the phase before and then itself prepare the way for the next recurrence. A true cycle is self-generating. It cannot be determined, short of catastrophe, by external events. Wars, depressions, inflations may heighten or complicate moods, but the cycle itself rolls on, self-contained, self-sufficient and autonomous. . .The roots of cyclical self sufficiency lies deep in the natural life of humanity. There is a cyclical pattern in organic nature — in the tides, in the seasons, in night and day, in the systole and diastole of the human heart.”

Arthur M. Schlesinger, Jr.
The Cycles of American History

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

Share
Posted in Notable Quotable, Today's top gold news and opinion | Tagged |

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

graphic image of light house beaming
Welcome newcomers!

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.

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 (1997), 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 26-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, we have grown to almost 800,000 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 a good place to start. 

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

Interested in gold but struggling to find the right firm?
DISCOVER THE USAGOLD DIFFERENCE

Reliably serving physical gold and silver investors since 1973

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

Short and Sweet
Worry about the return ‘of’ your money, not just the return ‘on’ it

photograph of a bag of gold coins
There is an old saying among veteran investors to worry not just about the return on your money but the return of your money. In the wealth game, emphasize defense when you need to, offense when it makes sense. At all times, remain diversified. And by that, we mean real diversification in the form of physical gold and silver coins and/or bullion outside the current fiat money system – not just an assortment of stocks and bonds denominated in the domestic currency. Keep in mind – if the currency erodes in value, the underlying value of those assets erodes along with it. A proper, genuine diversification addresses that problem now and in the future.


Are you ready to deploy genuine diversification in your portfolio?
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

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

_______________________________________________________________________________________________________________

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 nearly 50 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?
DISCOVER THE USAGOLD DIFFERENCE

ORDER DESK

Reliably serving physical gold and silver investors since 1973

Share
Posted in Announcements, 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 1900
Chart courtesy of the World Gold Council
________________________________________________________________________

Ready to begin or add to your precious metals holdings?
DISCOVER THE USAGOLD DIFFERENCE

Reliably serving physical gold and silver investors since 1973

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

Graphic to link the calendar of reports and events for the week ahead

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

Favorite web pages
Charles DeGaulle’s famous ‘Criterion’ speech

photo classice profile of Charles de GaulleGiven the increasing frequency and severity of international currency imbroglios and one emerging nation-state after another falling into monetary disrepair, it is not difficult to visualize more and more of these states looking to hold gold in their reserves as a matter of national defense. One recalls Charles DeGaulle’s famous criterion speech on gold in this context. Though such a holding would not cure internal problems derived from excessive debt and the debasement of their own currencies, it would offer something of a shield for all nation-states against the currency debasement of other nation-states, just as it does for private investors who take the same course of action.

[LINK]

____________________________________________________________________________________________________

Are you ready to add the criterion of value to your investment portfolio?
DISCOVER THE USAGOLD DIFFERENCE

Reliably serving physical gold and silver investors since 1973

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

Short and Sweet
Howe says this Fourth Turning will go to 2030

graphic image of walk in a deep, fearful wood

“To be clear, the road ahead for America will be rough,” writes Neil Howe, author of the modern classic, The Fourth Turning (1997), in a recent analysis posted at Hedgeye. “But I take comfort in the idea that history cycles back and that the past offers us a guide to what we can expect in the future. Like Nature’s four seasons, the cycles of history follow a natural rhythm or pattern. Make no mistake. Winter is coming. How mild or harsh it will be is anyone’s guess, but the basic progression is as natural as counting down the days, weeks, and months until Spring.”

For those who, like me, buy into Howe’s notion of a Fourth Turning, the problem is to get to the other side of the woods with our assets reasonably intact. “Currently, this period began in 2008,” he points out, “with the Global Financial Crisis and the deepening of the War on Terror, and will extend to around 2030. If the past is any prelude to what is to come, as we contend, consider the prior Fourth Turning which was kicked off by the stock market crash of 1929 and climaxed with World War II.” Eventually, he says, we will find our way to a first turning – a time of renewal – but we will be sorely tested before we get there. The precious metals have offered solid protection through the first half of the Fourth Turning. Gold is up 145% since the collapse of Lehman Brothers in September 2008 – the event most analysts associate with the start of the crisis. Silver is up 165%. In both instances, the greatest price acceleration occurred in the early years of the crisis.

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

Are you looking for a way to get to the other side of the deep, dark wood?
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

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

USAGOLD
Quality service & portfolio guidance since 1973

photo of stacks of gold coins American Eagles and Sourth African Krugerrands

USAGOLD ranks among the most reputable gold companies in the United States. Founded in the 1970s and still family-owned, it is one of the gold industry’s oldest and most respected names. The firm’s unblemished, zero-complaints record and solid reviews with the Better Business Bureau testify to the exceptional customer service and professional excellence which sets it apart from the competition.

USAGOLD specializes in gold and silver coins and bullion delivered to our client’s safekeeping. For over 49 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.

____________________________________________________________

Interested in gold but struggling to find the right firm?
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

Share
Posted in ClientInsights, 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)

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

Looking to protect your savings from being confiscated in a covert manner?
DISCOVER THE USAGOLD DIFFERENCE


Reliably serving physical gold and silver investors since 1973

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

Notable Quotable

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

“[T]he object of speculation may vary widely from one mania or bubble to the next. It may involve primary products, especially those imported from afar (where the exact conditions of supply and demand are not known in detail), or goods manufactured for export to distant markets, domestic and foreign securities of various kinds, contracts to buy or sell goods or securities, land in the country or city, houses, office buildings, shopping centers, condominiums, foreign exchange. At a late stage, speculation tends to detach itself from really valuable objects and turn to delusive ones. A larger and larger group of people seeks to become rich without a real understanding of the processes involved. Not surprisingly, swindlers and catchpenny schemes flourish.”

Robert Z. Aliber and Charles P. Kindleberger
Manias, Panics and CrashesAnatomy of a Typical Financial Crisis (2001)

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

Share
Posted in Notable Quotable, Today's top gold news and opinion | Tagged |

_______________________________________________________________


To end right, start right.

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

Choose
USAGOLD
Coins & bullion since 1973

_______________________________________________________________

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

Short & Sweet
Hubris at the Fed and original sin

cartoonish representation of Adam and Eve in the Garden of Eden

John Mauldin and company offers some deep thinking on how we got where we are and where we might be headed in a must-read posted at GoldSeek …… “The Fed’s actions under Yellen and Powell,” he writes, “were the natural progression of Greenspan’s original sin: thinking the Fed could and should use its power over interest rates to produce desirable economic outcomes. To be fair, low rates had some positive effects. But the future was unevenly distributed and certainly not permanent. Fed leaders thought this time was different. It wasn’t. So here we are, facing maybe not the worst inflation in history, but probably the widest inflation in history.” Mauldin ends by saying he just met with several financial notables in New York City (names you would recognize), and the recurring question was, “how does this end?” – to which he answers: “No one really knows.”

__________________________________________________________________________________

From that same article –

“Because we all know exactly how this Old Story ends, right? We know that when prideful human leaders lift themselves and their people up to unnatural heights by stealing what is not rightfully theirs, their society is struck down in retribution. We’ve seen this movie a thousand times before.” – Ben Hunt, Epsilon Theory, Hollow Men, Hollow Markets, Hollow World

“At the meeting, Volcker publicly agreed with Fed Chair Yellen*. But only a few months later I asked Volcker in person whether he stood by his words. ‘No,’ he replied, ‘of course there’s a bubble. My grandchildren can’t afford to buy apartments in New York City. I just didn’t want to say so in front of The Wall Street Journal .’” – Ed Chancellor, author, The Price of Time: The Real Story of Interest

* That we are not in a financial bubble 

__________________________________________________________________________________

Worried about how the ‘wildest inflation’ in history might end?
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

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