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

by S. McGuire

Overview

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.

Product Details

ISBN-13:	9780470185889
Publisher:	Wiley
Publication date:	03/03/2008
Pages:	240
Product dimensions:	6.35(w) x 9.30(h) x 0.88(d)

About the Author

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.

Shayne McGuire managt ein globales Aktienportfolio im Wert von $ 2,5 Mrd. Er besitzt 15 Jahre Erfahrung in globalen Finanzmärkten und begann seine Karriere vor Einführung der NAFTA in Lateinamerika, wo er als Senior Analyst für Barings arbeitete, und bei der Deutschen Bank. Er wurde vom Institutional Investor als zweitbester Analyst in zwei Bereichen des Investmentsektors gelistet und galt als einer der Topanalysten für Lateinamerika der 1990er Jahre.

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Table of Contents

Acknowledgments ix

About the Author xi

Introduction 1

Part One Our Debt: American Financial Risk Has Never Been Higher

Chapter 1: The $65 Trillion Wind Blowing from Our Future 11

Chapter 2: How Can Families Really Be Getting Richer by Borrowing More? 15

Chapter 3: Why the World Continues Lending (Most of Its Savings) to Us 23

Chapter 4: Relying on Foreigners: Our Economic Future May Be Out of Our Hands 35

Part Two Our Homes: The Epicenter of American Economic Risk

Chapter 5: Real Estate, this Decade’s Economic Driver, Could Drive Us into Recession 45

Chapter 6: The Negative Amortization Mortgage Loan Is Born 53

Chapter 7: Tighter Lending Standards and the Fed Can’t Help 57

Chapter 8: The Great American Equity Cash-Out Is Coming to an End 63

Chapter 9: Financial Culture Shock: Real Estate Can Have a Negative Return 67

Part Three Our Economy: The Longest Economic Boom Ever Is Probably Ending

Chapter 10: Balance Sheet Recession: We Could Be Heading in a Japanese Direction 75

Chapter 11: Smiling on the Lawnmower: Affluent Poverty 87

Chapter 12: As the Fed Cuts Rates This Time, Could the Dollar Finally Collapse? 95

Part Four The Case For Gold

Chapter 13: Why the Time Is Right for Gold to Skyrocket 109

Chapter 14: Stocks and Bonds Offer Little Compensation for Risk Today 127

Chapter 15: Gold’s Scarcity: New Sources of Demand and Falling Supply 137

Part Five How To Buy Gold

Chapter 16: When You Simply Want Financial Insurance 149

Chapter 17: Mining Stocks, ETFs, and GoldMoney 159

Chapter 18: Rare Coins: A Bet on the Highest Possible Gains in Gold 169

Chapter 19: Why Silver Might Rise More Than Gold 187

Conclusion Don’t Be A Gold Bug: Sell When It Is Time To Sell 191

Notes 199

Index 217