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Invest in Gold
Daily Reckoning
THE
TRADE
THE DECADE
Daily Reckoning
THE 5 BEST
WAYS
TO OF
INVEST
IN GOLD
The
Best Ways
to Decade
Invest in Gold
The5Trade
of the
A
Short
forthe
Preserving
Your Wealth293%
Our
lastPrimer
Trade of
Decade skyrocketed
heres the single move to make for THIS decade.
www.dailyreckoning.com
ADDISON WIGGIN
selecting
individual
stocks
or bonds
Allthe
an investor
to do wasyoull
recognize
thatfive
by cutIn
followinghad
paragraphs,
discover
ting
the
link
to
gold
in
the
early
1970s,
the
Nixon
ways to invest in gold. Based on your level of maradministration
practically
guaranteed
inflation
ket
experience and
familiarity
with products,
one
and
a
higher
gold
price.
Gold
traded
at
an
average
of these will be appropriate for you.
of $36 per ounce in 1970. Ten years later, the same
1.
Direct
nothing
like goldno
ounce
of ownership.
gold sold forThere
$615.is
With
no leverage,
bullion,
the
ultimate
expression
of
pure
value.
stocks, no further research, no headaches
and very
Historically,
many
civilizations
have
recognized
little risk, he would have made a profit of 1,608%.
the
of golds
value.
For example,
Andpermanence
he would have
paid not
a penny
of tax on his
Egyptian
civilizations
investment
during theburied
period.vast amounts of
gold with deceased pharaohs in the belief that
But then,
1980,
Our
they
wouldon
beJan.
able1,to
use itthings
in thechanged.
afterlife. Great
investor
should
have
taken
notereasons,
that nothing
wars
were
fought,
among
other
to pil-lasts
forever
andofthat
there
was
new man
the Fed.
lage
stores
gold.
Why
theaallure?
Theatanswer:
Paul Volcker
meant
He its
would
drive
down
Gold
is the only
realbusiness.
money, and
value
cannot
be
changed
or
controlled
fiat-the It
inflation
rates
and goldby
government
one way or another.
underlying
reason
for
governments
to
go
off the
was time to sell. But where to put the money?
gold standard, unfortunately. Golds value will rise
Our investor
not have
noticed
demand,
they do not
based
on the might
pure forces
of supply
and
advertise
but Japan
Inc. regardwas exno
matterthese
what things
Mr. Greenspan
decrees
tremely
energetic
ingreenbacks
the early 1980s.
He could not
ing
interest
rates or
in circulation.
havebig
known
at the time,
but had gold
he bought
The
disadvantage
to owning
is that Japait
nese stocks,
hewith
would
havespread
seen his
fortunebid
multends
to trade
a wide
between
tiplyask
again.
TheSo
Nikkei
Index
rose from
and
prices.
dont225
expect
to turn
a fast 5,994
profit.
at the buy
end at
of retail
January
38,916 at the
of
Youll
and1980
sell to
at wholesale,
soend
youll
1989
an
increase
of
549%.
need a big price jump just to break even. However,
www.dailyreckoning.com
Addison Wiggin
Executive Publisher,
Agora Financial, LLC
P.S. What to Expect in 2013
Between 20042007, Bill Bonner and Addison Wiggin
did their best to alert their loyal readers to the dangers
of the housing bubble well before the mainstream
said anything about it.
Well, today, they see something even worse looming just over the horizon.
Its not often our Reckoner-in-Chief agrees to
appear on-screen, but this was just too important.
Click here to see what theyre talking about now