Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
People often ask me about the best way to buy gold. I'll show you exactly how I like to do it.
First, though, let's review why it's a very good idea to be buying gold in the first place. Right now… before the Super Crash.
Gold is key because it offers protection against both inflation and deflation. It is one of the few assets to do that. It's market crash insurance.
It's surprising how few investors get this, because it's really not complicated. I promise it will click for you today in five minutes, with my help. And then later, you'll see how I get my gold.
You should think of gold as the anti-paper currency. Gold is insurance against the destruction of the U.S. dollar (and all other paper currencies) by central bankers. The destruction of the value of paper money is a certainty. It is as certain as death and taxes.
Since President Richard Nixon took the United States off the gold standard in the early 1970s, the U.S. dollar has lost more than 90% of its value against gold. I believe before central banks are done with their monetary experiments that are destroying the world, the U.S. dollar will lose another 90% or more of its purchasing power against gold. (More on that soon… a lot more.)
U.S. Federal Reserve Chairwoman Janet Yellen, as well as European Central Bank President Mario Draghi and Bank of Japan Governor Haruhiko Kuroda, have publicly stated that they want inflation to rise. That means that they want the value of paper money to fall. While official inflation statistics say that inflation is low, real world prices are rising quickly. These central bankers are completely failing in stimulating economic growth, but they are succeeding in destroying the value of paper money.
Gold will protect you from what they are doing. Gold will protect you against the inflation that is destroying the value of your paper currencies, as well as the value of your stocks and bonds, which are denominated in paper currencies.
But it will do something even more important too.
About the Author
Prominent money manager. Has built top-ranked credit and hedge funds, managed billions for institutional and high-net-worth clients. 29-year career.
what is the best way to buy gold? I have 20,000 I need to roll over to an IRA would a a gold ETF or ETV be good or is holding physical gold the way to go. I am not an invester, I am scared and do not know what to do, need your help thanks.