NEWS &VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 47th year in the gold business
JULY 2020
“Mphm!”
Gold ownership as a lifestyle decision
Just released!
USAGOLD’s monthly client letter in the clear ……
Though rarely discussed, gold ownership has as much to do with personal philosophy and how we wish to conduct our lives as it does finance and economics. In many ways, it is a rational portfolio decision that suits the times, but it is also a lifestyle decision that provides some peace of mind no matter what happens with the pandemic, the latest mania on Wall Street, or the election-year machinations in Washington D.C. As Richard Russell, the now-deceased editor of the Dow Theory Letters once put it, “I still sleep better at night knowing that I hold some gold. If or when everything else falls apart, gold will still be unquestioned wealth.”
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The 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!
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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
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.
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?
“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 ––
Ready to include a safe haven in your portfolio plan?
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ORDER GOLD & SILVER ONLINE 24-7
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Why precious metals make sense for your IRA in the age of low to negative real rates of return
Negative interest rates are a reality in both the European Union and Japan. Alan Greenspan recently said 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. “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.”
The advent of negative rates is perhaps one of the more profound differences between this gold rally and rallies in the past. It might also prove to be the most enduring. If you have an interest in hedging your IRA with precious metals, we can help.
Ready to launch your precious metals retirement account?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
We invite you to call or e-mail for friendly, helpful service.
Or start the process by setting up your retirement account here.
Then contact us at your convenience.
Need more info? Try this Q&A.
Favorite web pages
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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 from 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 the portfolio choice for all seasons
A chronology of panics, mania, crashes and collapses
(400 BC to present)
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The Precious Metals Safe Storage Advantage
It 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
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
How to buy gold coins and bullion
A step by step approach to help you start right
What you need to know before you buy your first ounce of gold
Some initial guidelines from one of America’s top gold experts
What you need to know before you launch your gold and silver IRA
Hedging economic uncertainty in your retirement plan
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
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The Power of Gold Diversification
“Although it is needed in good times, it can be vital when times are difficult.”
This short article begins with reference to a speech by Sir Peter Tapsell on the merits of gold ownership before the House of Commons in 1999. The occasion was Britain’s proposed sale of over half of its gold reserves at under $300 per ounce. It ends by comparing the performance of two investment portfolios from the time of that speech to present. One portfolio – the more successful of the two – included a diversification with gold; the other did not. Sir Tapsell, who passed away in 2018, lived to see his defense of gold vindicated. Though his argument before the House of Commons failed to stop the sales, it goes down as one of the most eloquent appeals ever made on the merits of gold ownership for nation-states and individuals alike.
Ready to move from education to action?
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Important! – Gold’s Century: While stocks dominated headlines, gold quietly performed
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A telephone call from an old client and friend
‘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.]
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
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NEWS &VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 46th year in the gold business
Just released:
The crisis ready investment portfolio
– APRIL 2020 –
We first warned that the coronavirus could translate to a supply problem in the gold market in last month’s newsletter. “At the moment,” we wrote, “the supply lines in the precious metals business are still functioning smoothly. There could come a time, though, when they are not – a possibility, by the way, that has received scant attention in the context of the coronavirus contagion”.
Your interest is welcome!
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. By subscribing, you will automatically receive future editions and occasional in-depth Special Reports by e-mail.
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NEWS &VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 47th year in the gold business
The March edition of our monthly newsletter
will be released sometime next week.
We invite you to sign-up for our publication alert at no cost or obligation.
Prospective clients welcome!
Favorite web pages
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This page catalogs price predictions on gold and silver prices from top pundits and prognosticators – a casting of the runes that begins in late 2019 and is updated regularly throughout the year as new additions surface.
[LINK]
We encourage your bookmark. We invite your return visits.
A USAGOLD Special Report
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CHART STUDY
Toward a better understanding
of the U.S. national debt . . .
and its consequences
“As of Friday, April 12, 2019, the national debt stood at $22,027,837,127,788.04* – $966 billion higher than a year ago, $2.081 trillion higher than when Donald Trump took office January 20, 2017, and nearly double where it was ten years ago. It is no doubt much higher now than it was then as that is the nature of the national debt. It always grows. It never shrinks. And that has consequences for the country and for you as an investor.”
* Now $23.168 trillion (1-13-2020)
–– Full Study ––
NEWS & VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
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. By subscribing, you will automatically receive future editions and occasional in-depth Special Reports by e-mail.
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COT – Gold specs cut bullish net positions this week
–– Now posted ––
Commitment of Traders reports for Tuesday, December 10, 2019
GOLD • SILVER • US DOLLAR INDEX
Commentary by Zac Storella, CountingPips
[LINK]
Gold Classics Library
A Gold Classics Library Selection
Golden Slumbers
by Kenneth Rogoff
In the third edition of The ABCs of Gold Investing, I make reference to the landmark book, This Time Is Different – Eight Centuries of Financial Folly by Ken Rogoff and Carmen Reinhart with the following observation:
“In a later interview with the Financial Times [early 2012], Kenneth Rogoff reveals that ‘one of the reasons that Carmen Reinhart and I hit it off, is that we are both incredibly cynical about governments.’ Though I cannot vouch for the contents of Mr. Rogoff’s investment portfolio, such cynicism, it has been my experience, more often than not beats a path to gold’s door. Reinhart and Rogoff end the preface to the book with this prediction: ‘Unfortunately even before the ink is dry on this book, the answer will be clear enough. We hope that the weight of evidence in this book will give future policy-makers and investors a bit more pause before next they declare, ‘This time is different.’ It almost never is.”
Dr. Rogoff, as you are about to read, does indeed have a soft spot for gold and for the right reasons. MK
[LINK]
USAGOLD Special Report
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Gold’s Century
While stocks dominated headlines, gold quietly performed
by Michael J. Kosares
Over the last nearly two decades, gold has been in a secular bull market. Many believe that we are now on the verge of a second leg in its ascent. This article reveals nine little known and surprising facts about gold’s price performance since 2001 and tells why we are living in gold’s century, not the stock market’s.
–– Full Article ––
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
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How to submit your completed account form
Once you have completed your account form, please –
– Scan, or take a photograph of your form, and email it to us at orderdesk@usagold.com or you can fax a copy to 303-399-6759.
– IMPORTANT! Be sure to list USAGOLD as your designated dealer so once received, we can submit the application on your behalf to secure your preferred rate.
– We will notify you by return e-mail when your account has been opened.
– Once notifed, you can begin populating it with both newly purchased metal, or metal you already own.
– Ask us about secure transportation logistics if moving metal you already own into safe storage is an avenue you would like to explore.
– USAGOLD
FAX 1–303-399-6759
orderdesk@usagold.com
Why gold’s price is determined to keep rising
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