Hard Money: Taking Gold to a Higher Investment Level
An in-depth guide to making gold a serious part of your portfolio
Gold, the long forgotten store of value that was once the center of the global financial system, suddenly matters a great deal again. It has become a leading asset by virtue of its strong performance, and its booming demand has made it the only financial asset that remains in an uninterrupted bull market. And yet gold remains one of the least-owned financial assets in investment portfolios today.
Hard Money helps investors move beyond the simple, yet widely accepted notion that gold makes sense in today's financial environment, and explores ways to magnify potential investment returns driven by precious metals. This reliable resource examines the investment vehicles (bullion, stocks, derivatives, and even rare coins) and strategies (aggressive, conservative, passive, and variations) aimed at beating the price of gold as it rises, and ways to protect a portfolio should the metal decline.
- Identifies five key drivers that should continue to push gold higher in the years ahead
- Explores the ins and outs of investing in gold and making this precious metal a part of your portfolio
- Examines the pros and cons of multiple ways to buy gold via coins, ETFs, mining and royalty stocks, and other investment vehicles
- Author Shayne McGuire is a highly-regarded expert on gold
Written in a straightforward and accessible style, Hard Money offers key strategies to enhancing returns with new methods for investing in gold.
Introduction: The World Doesn't Have to End for Gold to Go Hyperbolic.
The Logic of Gold in the New Investment World: Follow the Money.
Taking Gold to a Higher Level: Setting Up Your Own Gold Portfolio.
Part One: The Logic of Hard Money in the New Investment World.
Chapter 1 Gold Driver 1: The Increasing Likelihood of Fiscal Crises in Major Economies of the World.
Chapter 2 Gold Driver 2: The Return of Inflation as a Major Investment Risk.
The Risk of Hyperinflation.
Chapter 3 Gold Driver 3: The Return of Gold as a Significant Asset in the World's Largest Investment Funds.
Chapter 4 Gold Driver 4: The Rise of China.
Chapter 5 Driver 5: Gold's Potential Return to being the Dominant Financial Asset in the Global Monetary System (A Return to Normal).
Chapter 6 Gold: How a $10K Ounce is Possible (Taking a Closer Look at Supply and Demand).
Supply: Even When Gold Skyrockets, Supply Barely Moves.
Demand: The Gold Market Is So Small That Little Is Needed to Make It Surge.
Is the Price of Gold being Manipulated?
Chapter 7 Silver: Poor Man's Gold May Offer the Richest Returns.
Chapter 8 Platinum and Palladium.
Chapter 9 Taking Gold to a Higher Level: Creating Your Gold Portfolio.
Constructing your Gold Portfolio.
Decision Outside the Gold Portfolio: What Percentage of your Total Wealth do you want to Hold in Gold?
Gold Portfolio Decision One: Degree of Diversification Among Metals.
Decision Two: What Part of your Gold Portfolio do you want to hold in ETFs and What Part in Precious Metals Stocks?
Decision Three: What Part of your Gold Portfolio do you want to be in Physical Gold and What Part in “Paper” Gold?
Decision Four: Do you Want to Roll up your Sleeves and Pick Stocks, or Do you Want to have Passive Exposure to Gold Stocks?
Managing your Gold Portfolio.
Protecting your Portfolio if you Believe the Price of Gold will Decline.
A Few Final Thoughts Regarding the Gold Portfolio.
Chapter 10 Keeping It Simple with Precious Metals ETFs.
A Different Animal: Return Magnification Vehicles.
Chapter 11 Mining Stocks.
Royalty Companies: A Different Play on Precious Metals.
Part Three: Hard Money (Investing the Old-Fashioned Way).
Chapter 12 The Importance of Wealth You Can Hold in your Hands.
Would the U.S. Government Ever Confiscate Gold Again (as it did in 1933)?
Chapter 13 How to Invest in Coins and Bars (Without Getting Ripped Off).
Chapter 14 The Most Widely Respected Investment Coins.
Gold American Eagle.
Gold American Buffalo.
Canadian Maple Leaf.
South African Gold Krugerrand.
British Gold Sovereign.
Chinese Gold Panda.
Australian Gold Kangaroo.
Austrian Gold Philharmonic.
Swiss PAMP Gold Bars.
Silver American Eagle.
Platinum American Eagle.
Chapter 15 Rare Coins: A Bet on the Highest Possible Gains in Gold.
Conclusion: What Will Cause Gold's Bull Market to End?
About the Author.
Shayne McGuire manages the $300 million GBI Gold Fund and is the Head of Global Research at Teacher Retirement System of Texas, one of the world's largest pension funds. With eighteen years of financial experience, McGuire has managed a $2 billion European equity portfolio and was ranked among the best Latin American analysts by Institutional Investor in the late 1990s. An avid gold investor, he has in recent years worked closely with Austin Rare Coins, one of the country's leading precious metals companies. McGuire graduated from Fordham University and holds a master's in history and an MBA from the University of Texas at Austin. He lives in Austin, Texas, with his family.
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