The USAGOLD Website
A guiding light for 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 (1996), a Discussion Group (1997), Live Prices and Charts (2007) and a Mobile Website (2011) – to mention just a few of our ground-breaking internet ventures.  We await the next wave of innovation so that we can offer even more value to our regular visitors.

Through our 23-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
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7

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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!


Looking to prepare your portfolio for whatever uncertainty lies ahead?
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER GOLD & SILVER ONLINE 24-7

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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
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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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

ORDER GOLD & SILVER ONLINE 24-7

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Beware MS70, MS69, PF70 ‘Perfect’ + ‘Certified’ Gold and Silver American Eagles and American Buffalos

1 ounce US Eagle and Buffalo bullion gold coins, obverse and reverse.

In 2006, the US Mint produced its first-ever .9999 fine gold coin in the form of the popular American Buffalo. The goal was to offer investors an American-made alternative to popular pure gold products like Canadian Maple Leafs, Austrian Philharmonics and gold bars. While numerous dealers (USAGOLD was one) simply offered Buffalos as an alternative bullion coin at a competitive rate, the novelty of the coins coupled with feverish demand helped spawn a whole new spinoff in the gold business – the independently graded contemporary bullion coin.

On the surface, there is nothing wrong with having one’s contemporary bullion coins graded and housed permanently in hard plastic containers. It is when these items are then promoted as exceptionally rare and desirable and priced at very high, and often unsustainable, premiums over their gold content that it becomes a problem. In reality, as you will read below, the graded item, in most cases, is not substantially different (except for the container) from the typical bullion coin purchased daily by thousands of investors around the world.

Our feeling was that after Buffalo hype wore off, this promotion, like many others that came before it, would fade away with waning interest. Yet here we stand many years later, rather than fading away, it has expanded and proliferated to include American Gold Eagles, American Silver Eagles, and U.S. Mint Commemoratives. One need only search MS70 or PF70 “Perfect” American Eagles to see just how many companies offer these fictional “numismatics.” (MS is an abbreviation for mint state and PF for proof)

At USAGOLD, we could not be more emphatic in our warning against paying significant premiums above the metal content for these products. This includes common contemporary items sold as “first-strike”, “early issue”, “first release”, Mint State 69, Mint State 70, Proof 69 and Proof 70, as graded by the independent grading services including the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC). Below we have published the mint’s official statement regarding “First Strike”/”First Release” designations and production quality controls.


U.S. Mint Statement on “First-Strike” and “First-Release Designations

Coin dealers and grading services may use these terms in varying ways. Some base their use on the dates appearing on United States Mint product packaging or packing slips, or on the dates of product releases or ceremonial coin strike events.

Consumers should carefully review the following information along with each dealer’s or grading service’s definition of “first strike” or “first release” when considering purchasing coins with these designations.

The United States Mint has not designated any coins or products as “first strikes” or “first releases,” nor do we track the order in which we mint coins during their production. The United States Mint strives to produce coins of consistently high quality throughout the course of production.

Our strict quality controls assure that coins of this caliber are produced from each die set throughout its useful life. Our manufacturing facilities use a die set as long as the quality of resulting coins meets United States Mint standards and then replace the dies, continually changing sets throughout the production process. This means that coins may be minted from new die sets at any point and at multiple times while production of a coin is ongoing, not just the first day or at the beginning of production.

United States Mint products are not individually numbered and we do not keep track of the order or date of minting of individual coins. Any dates on shipping boxes are strictly for quality control and accounting purposes at the United States Mint. The date on the box represents the date that the box was packed, verified and sealed, and the date of packaging does not necessarily correlate with the date of manufacture. The date on shipping labels and packing slips for coins that are sent directly to United States Mint customers from our fulfillment center is the date the item was packed and shipped by the fulfillment center. The other numbers on the shipping label and packing slip are used for tracking the order and for quality control.

U.S. Mint Consumer Alert

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The statement of ‘consistently high quality throughout the course of production’ is critical. At one of the top grading services, for example, 99.6% of the one-ounce gold American Eagle business strikes submitted for review graded either Mint State 69 or Mint State 70 — the two highest grades at the services. Fully 46% of submissions received a Mint State 70 grade, the ultimate rating. As for the silver American Eagle one-ounce coins, 99.5% of submissions (or nearly 5.7 million coins) made the top grades of Mint State 69 and Mint State 70, and a similar percentage of proof silver Eagles made the top grades of Proof 69 and Proof 70.

With the mint continually producing new coins at the same high quality that they always have, year after year, there is literally an ENDLESS supply of product. To be clear, you do not have to avoid buying these coins altogether. You just have to avoid paying an egregious dealer premium to do so. In fact, if you were so inclined as to desire ownership of graded bullion coins for future numismatic potential, we’d recommend simply purchasing bullion coins from us at our competitive premiums, and submit them to be graded (certified) on your own.


Looking to include gold and silver in your retirement plan?
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK:1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Need more information? Try – 
What you need to know before you launch your gold and silver IRA

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USAGOLD
Quality service & portfolio guidance since 1973

photograph of selection of historic gold coins 2020

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 oldest and most respected names in the gold industry. 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 45 years, we have resolutely advocated owning precious metals for asset preservation purposes rather than speculation. Admittedly, this philosophy does not resonate with all prospective gold and silver owners, but if it does with you, we think you will find our firm a kindred spirit.


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
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Gold is the investment for All Seasons

Looking to prepare your portfolio for whatever uncertainty lies ahead?
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER GOLD & SILVER ONLINE 24-7

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The Precious Metals Safe Storage Advantage
The logical alternative to gold and silver ETFs for the safety-minded investor

graphic image of gold and silver stored in vault

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


Interested in the safety of real physical gold and silver with the same convenience of an ETF?
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7

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A telephone call from an old client and friend
‘Gold shone with the placid certainty of received tradition’


photo of a 1907 St. Gaudens High Relief gold coin

“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.]


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

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Better Business Bureau Five Star Review

grpahic image BBB logoRecent Better Business Bureau Client Review

“I made my first purchase of gold about 5 years ago and it was with USAGOLD. They answered all my questions and allowed me to buy a larger amount than they usually allow for a first time buyer. They trusted me and it worked out fine for both parties. Their BBB rating was a big factor in me trusting them. Other firms looked pretty sketchy and I didn’t want to spend that much money on a shaky firm. Since then I have purchased coins quite a few times from USAGOLD and have never been disappointed with the quality of the coins. The whole staff is very professional and courteous and are not pushy at all. They treat you as a friend, not a number. They remember me as soon as I tell them my name. That is a nice feeling. I will continue to buy from them and I highly recommend them.” –– Jim W.

Scorecard: 28 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
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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BBB Review

grpahic image BBB logoRecent Better Business Bureau Client Review

I am very impressed with all the staff at USAGOLD. Jonathan K, in particular, helped me acquire gold coins about 10 years ago and helped me sell some of those coins this week. He knew exactly what I had purchased previously and made each transaction especially easy. The other words I use to describe USAGOLD are ‘integrity’ and ‘honesty’. A great company.” – William C.

Scorecard: 28 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
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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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 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.
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER GOLD & SILVER ONLINE 24-7

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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.


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
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Which is better?
A gold ETF or outright ownership of the real thing?

Not a day goes by that one gold ETF or another is reporting strong gains to its stockpile. Most of those gains come from financial institutions and hedge funds boosting their portfolio positions. We applaud Wall Street’s move to gold. At the same time, though an ETF might make sense for funds and institutions, it might not be the best choice for private investors interesting in owning gold for long-term asset preservation purposes.

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 alternative you might want to consider ……

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


Interested in the convenience of an ETF but want gold and silver you can get your hands on?
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK:1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7
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grpahic image BBB logo
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: 29 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
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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BBBReviewTemplate

grpahic image BBB logoRecent Better Business Bureau Client Review

”    ” – William C.

Scorecard: 29 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
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Reliably serving physical gold and silver investors since 1973

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USAGOLD’s Online Order Desk

photo of pile of various gold coins featuring American gold Eagle, one ounce

Great prices. Quick delivery. All the time.
We invite your visit and participation.

Our Online Order Desk offers state-of-the-art transactional technology that allows you to order anytime day or night and on the weekends at current gold and silver spot prices from your desktop, pad or mobile device.  The items presented for sale are among the most popular with investors and are organized into four broad categories of investor interest:

Modern gold coins and bars
American Eagle • American Buffalo • Canadian Maple Leaf • Austrian Philharmonic • South African Krugerrand • Australian Kangaroo

Modern silver bullion coins and bars
American Eagle • Canadian Maple Leaf • Austrian Philharmonic • United States Pre-1965 Silver Coin Bag • Silver Bullion Bars • United States Morgan and Peace Silver Dollar

Historic fractional gold coins
British sovereign kings • Swiss 20 franc • Dutch 10 guilder • German 20 marks • Select inventory currently available

Historic U.S. gold coins
$20 Liberty • $20 St. Gaudens • $10 Liberty • $10 Indian • Graded $20 Liberty and St. Gaudens – Mint State 63, 64 and 65

If you haven’t visited our Online Order Desk as yet, we invite you to take a test drive.


An important note on Special Offers

For those among our regular clientele who like to participate in our Special Offers, the Online Order Desk presents a clear advantage.  Because the number of items available is almost always limited and orders are reserved on a first-come, first served basis, the online system provides the opportunity to secure your orders quickly and confidently at your convenience any time day or night.  As our regular participants already know, these offers can sell out quickly – often within 24-hours of announcement.  If you have not already registered, some advance planning might be in order.


Ready to move from education to action?
DISCOVER THE USAGOLD DIFFERENCE

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

ONLINE ORDER DESK-24/7

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Gold, silver continue their descent; an interesting take on the level of commitment to precious metals in a well-balanced portfolio

(USAGOLD – 9/24/2020) – Gold continued its descent but the rate of decline seemed to be slowing this morning. It is down $10 at $1856 (after yesterday’s $40 decline). Silver’s descent, however, continues at a more virulent pace. It is down 82¢ at $22.03 – a roughly 3.5% decline from yesterday (and a nearly 25% decline from its peak of $29 in early August.) We note a pick-up in the number of orders at our online purchasing portal the past two days for both gold and silver – a reminder that there are always safe-haven investors with a longer-term profile who see corrections as buying opportunities.

Investors often ask about the percentage commitment one should make to precious metals in a well-balanced investment portfolio. Analyst Michael Fitzsimmons offered an interesting take on that subject in a recent Seeking Alpha editorial, “Assuming a well-diversified portfolio (which does include cash for emergencies),” he says, “my belief is that middle-class investors (net worth under $1 million), should own at least 5-10% in gold. I also believe that as an American investor’s net worth climbs, the higher that percentage should be because, in my opinion, he or she simply has more to lose by a falling US$. For instance, an investor with a net worth of $2-5 million might have a 15-20% exposure to gold; $10 million, perhaps a 30-40% exposure.” (More on Fitzsimmons thinking in the “Chart note” below.)

Chart of the Day

Aggregate National Debt
(United States)

bar chart [utting growth of national debt into long term perspective astronomical growh this year

Chart courtesy of TradingEconomics.com • • • Click to enlarge

Chart note:  “The basic thesis of the interview* is that America has not been a good steward of the benefits of capitalism,” writes analyst Michael Fitzsimmons at Seeking Alpha (quoted and linked above), “which has increasingly gone to fewer and fewer people even as the U.S. has created a mountain of debt. That leads to a loss of productivity and reduced opportunity for the country’s citizens. And, as Dalio puts it, ‘Wealth cannot be created by creating debt and money.’ The result, Dalio believes, is that the world is likely to change in ‘shocking ways’ over the next five years, including a loss of faith in the U.S. dollar: ‘Within the next five years you could see a situation in which foreigners who have been lending money to the United States won’t want to.’”

*Ray Dalio interview at MarketWatch (9/18/2020)

 

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Posted in ClientInsights, Daily Market Report, dailyquotes, Today's top gold news and opinion |

Favorite web pages

photo image of gold bars with colorful chart in background
Why financial advisers should line
their portfolios with gold

More and more, it is becoming a mainstay in the financial business that the wise investor and/or financial advisor embrace gold as a means to capital preservation in a rapidly changing and increasingly dangerous investment climate. In Cazenove Capital’s case, it is emphasizing gold as a hedge against geopolitical turbulence. “Speaking at a Schroders breakfast briefing yesterday (January 22),” reports Financial Times, “Janet Mui, global economist at Cazenove Capital, said she thought investing in gold was the best way for advisers and fund managers to hedge the risks in their portfolios. She said: ‘Gold has the feature of portfolio hedging and diversification. Gold should be in your portfolio.’”

Related, please see:
Precious metals for financial planners and advisors
We will work with you to offer your clients a strong, service-based
presence in the gold coin and bullion market

_____________________________________________________________________________________

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Should I buy a gold ETF?
Are you looking for a price bet or the real thing?

Image of gold coin pile, American gold eagles, one troy ounce
For safe-haven, asset-preservation purposes, the best alternative is not futures, options, mining stocks or even ETFs, but delivery of the metal itself in the form of gold coins or bullion.  Some think that owning an ETF is akin to owning real gold, but it is not. It is essentially a price bet simply because only owners of 10,000 ounces or more (with most trusts) can take delivery of the metal represented by the shares. Then there is the problem of counterparty risk. “Unlike physical gold bullion – which is a tangible asset,” says Mauldin Economics’ Olivier Garret, “ETFs are a financial product that have counterparty risk. Counterparty risk is present when there’s a possibility the other party in an agreement will default or fail to live up to their obligations. . .[O]ne of gold’s primary benefits is being the only financial asset that is not simultaneously somebody else’s liability. Therefore, these ETFs are a poor substitute.”  In short, by owning an ETF instead of the real thing, investors expose themselves to one of the primary risks they hope to avoid through gold ownership.

The USAGOLD storage option – strong competition for the ETF
One of the advantages of a gold or silver ETF is that the trustee stores the metal for you and makes it easy to buy and sell. We can open a fully-allocated storage account for you that offers the same advantages. In fact, the annual cost of storage and insurance is actually lower than most ETF fees. You can buy and sell with a phone call. Most importantly, because specific coins and/or bullion are stored in your account, you can still take delivery in part or full whenever you so wish – something, as mentioned above, that the ETFs offer only to their largest institutional clients.


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

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