Buy Gold Now How a Real Estate Bust, our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs

by McGuire, S.

• ISBN13: 9780470185889
• ISBN10: 0470185880
• eBook ISBN(s): 9780470268001
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-03-03
• Publisher: Wiley

Summary

Masterfully researched, and written in a straightforward style, "Buy Gold Now" makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. Divided into five comprehensive parts, this reliable resource examines our country's current financial situation from a historical perspective and addresses some of the alarming issues that many economists are currently pointing to with concern.

Author Biography

Shayne McGuire is the Director of Global Research at Teacher Retirement System of Texas, one of the nation’s largest pension funds with $ 115 billion in assets. With 15 years of international financial experience, McGuire has managed a $ 2 billion European equity portfolio and was ranked among the best Latin American analysts by Institutional Investor in 1995 and 1996. An avid gold investor, in recent years he has worked closely with Austin Rare Coins, one of the country’s leading precious metals companies. McGuire graduated from Fordham University and holds a Masters in History and an MBA from the University of Texas at Austin. He lives in Austin, Texas with his family.

Table of Contents

Acknowledgments	p. ix
About the Author	p. xi
Introduction	p. 1
Our Debt: American Financial Risk Has Never Been Higher
The $65 Trillion Wind Blowing from Our Future	p. 11
How Can Families Really Be Getting Richer by Borrowing More?	p. 15
Why the World Continues Lending (Most of Its Savings) to Us	p. 23
Relying on Foreigners: Our Economic Future May Be Out of Our Hands	p. 35
Our Homes: The Epicenter of American Economic Risk
Real Estate, this Decade's Economic Driver, Could Drive Us into Recession	p. 45
The Negative Amortization Mortgage Loan Is Born	p. 53
Tighter Lending Standards and the Fed Can't Help	p. 57
The Great American Equity Cash-Out Is Coming to an End	p. 63
Financial Culture Shock: Real Estate Can Have a Negative Return	p. 67
Our Economy: The Longest Economic Boom Ever Is Probably Ending
Balance Sheet Recession: We Could Be Heading in a Japanese Direction	p. 75
Smiling on the Lawnmower: Affluent Poverty	p. 87
As the Fed Cuts Rates This Time, Could the Dollar Finally Collapse?	p. 95
The Case For Gold
Why the Time Is Right for Gold to Skyrocket	p. 109
Stocks and Bonds Offer Little Compensation for Risk Today	p. 127
Gold's Scarcity: New Sources of Demand and Falling Supply	p. 137
How To Buy Gold
When You Simply Want Financial Insurance	p. 149
Mining Stocks, ETFs, and GoldMoney	p. 159
Rare Coins: A Bet on the Highest Possible Gains in Gold	p. 169
Why Silver Might Rise More Than Gold	p. 187
Conclusion: Don't Be A Gold Bug: Sell When It Is Time To Sell	p. 191
Notes	p. 199
Index	p. 217
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