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

S. McGuire (Author)

Book Description

Publication Date: March 3, 2008

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.

Editorial Reviews

From the Inside Flap

Buy Gold Now

With foreign-financed U.S. debt levels continuing to soar, an intensifying real estate bust, and other signs of economic exhaustion following one of the longest booms in history, the probability of a dollar crash is now openly talked about in financial circles. Yet gold—the ultimate escape from financial risk throughout human history—remains one of the least-owned financial assets, representing less than 2% of the typical investment portfolio.

Pushing aside Wall Street's perennial aversion to gold, in Buy Gold Now, investment expert Shayne McGuire skillfully reveals why the opportunity to profit from this precious metal, as well as protect yourself from risk, has rarely been better. Long forgotten, the 2,300% gold surge in the 1970s—when debt was one-tenth the level present in our economy today—is a return not even the 1990s NASDAQ could beat.

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. It examines the country's current financial situation from a historical perspective, addressing some of the alarming issues that many economists today are pointing to with concern.

Divided into five comprehensive parts, this reliable

resource opens with detailed discussions of:

• Why U.S. financial risk has never been higher

• How our homes are the epicenter of U.S. economic risk

• Why the longest economic boom ever is probably coming to an end

Keeping these and other issues in mind, the final two parts of the book—The Case for Owning Gold and How to Buy Gold—outline the advantages and disadvantages of this essential asset in securing future wealth and protecting your portfolio during precariouseconomic times. Here, you'll receive specific recom-mendations regarding stock market investments via mining stocks and exchange-traded funds, and discover the best ways to invest in physical gold through bullion, "digital gold currency," and rare coins.

Filled with in-depth insights from some of the world's leading financial professionals, Buy Gold Now explains why gold isn't just a defensive purchase anymore, but an investment that can outperform the markets for many years to come.

From the Back Cover

Praise for Buy Gold Now

"Shayne McGuire has provided a clear exposition of the rationale for investing in gold in today's context. Don't look for the mainstream media to provide any clue of what is likely to unfold in the years ahead. Instead, read this book and you will be several steps ahead of the herd."
—John Hathaway, Portfolio Manager, Tocqueville Gold Fund

"Shayne McGuire is not a typical gold bug, but a seasoned investment professional making a compelling case that the U.S. economy is in serious financial trouble and that gold will appreciate against the U.S. dollar. It is a must-read in order to preserve your and your children's wealth."
—Marc Faber, Managing Director of Marc Faber, Ltd., and author of Tomorrow's Gold

"Buy Gold Now explains the global economic forces and the financial risks that could see gold become an important investment opportunity over the years ahead. It also offers practical advice on how potential investors can buy it."
—Gerard Minack, Australian Market Strategist, Morgan Stanley

"The price of gold is rising because of today's turbulent financial times. Preparation and knowledge are essential to profit from higher prices, and this book provides the information you need to take advantage of the opportunities that lie ahead."
—James Turk, founder, GoldMoney.com

See all Editorial Reviews

Product Details

• Hardcover: 240 pages
• Publisher: Wiley; 1 edition (March 3, 2008)
• Language: English
• ISBN-10: 0470185880
• ISBN-13: 978-0470185889
• Product Dimensions: 9.1 x 6.4 x 0.9 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #834,507 in Books (See Top 100 in Books)

More About the Author

Shayne McGuire manages the $500 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 18 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. McGuire graduated from Fordham University and holds a Masters in History and MBA from the University of Texas at Austin. He lives in Austin, Texas with his family.

Customer Reviews

Most Helpful Customer Reviews

56 of 58 people found the following review helpful:

5.0 out of 5 stars A very level headed, no-nonsense approach to investing in gold and why you should, February 20, 2008

By 

Susanna Hutcheson "Copywriting for the Discri... (Midwest U.S.A.) - See all my reviews
(TOP 500 REVIEWER)    (REAL NAME)   

Amazon Verified Purchase

This review is from: Buy Gold Now: How a Real Estate Bust, our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs (Hardcover)

Most of the current crop of books about investing in gold are written by people with a vested interested in selling gold. This author is not such a person. He is a respected investment adviser.

The first part of the book deals with the reasons leading up to who you might consider investing in gold. The times we're living in are unlike any previous times. His case for owning gold is valid. And the history lesson is keenly interesting.

The author also advises how to invest in gold and silver. He also touches on rare coins. He makes suggestions as to how much of your portfolio should be in gold. But his advice is tempered with the understanding that everyone is different and each person has different needs, goals and ability to withstand risk.

This is a very complete book. It covers just about everything you might want to know about trading or investing in gold and I didn't find one thing not to like about the book.

I liked the book very much and highly recommend it to you.

-Susanna K. Hutcheson

29 of 29 people found the following review helpful:

5.0 out of 5 stars Very sober and realistic case for buying (and eventually selling) gold and silver, May 9, 2008

By 

S. Sudhindranath "sudhi" (California, USA) - See all my reviews
(REAL NAME)   

This review is from: Buy Gold Now: How a Real Estate Bust, our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs (Hardcover)

This is not a "the world is ending now, so sell everything and buy gold and canned food" type of book. The author, Shayne McGuire, is a mainstream investment adviser and NOT a gold bug. He examines the potential for gold in the coming years and finds it attractive, in much the same way that he did *not* find gold attractive during the stock bull-market of the 80's and the 90's.

The book has 5 sections.

In the first section, McGuire talks about our ballooning debt levels and the risks posed by it.

In the second section, he talks about the just-burst real estate bubble, the crazy things that went into it (like the negative amortization loans etc.) and also about how Americans are (or were!) using their houses as an ATM. Now that it has all come to an end, what is the risk of the fallout? McGuire writes about it all in this section.

In the third section, McGuire discusses how our phony economic "boom" has now run its course and the implications for the US dollar on the Fed's and the government's attempts to revive the moribund economy.

Having laid the groundwork in the above sections, in the fourth section, McGuire makes the case for gold by examining supply and demand at the international level, and also demonstrates the unattractiveness of investing in stocks and bonds in general at current valuations.

Finally, in the fifth section, McGuire lays out the various alternatives for the gold investor - ETFs, mining stocks, GoldMoney ([...]), bullion coins, rare coins etc. He also has a chapter on why silver is likely to be even more profitable than gold.

McGuire rounds out the fifth section with a chapter warning investors to not be "gold bugs" and to sell their gold investments when it is time to sell.

Overall, this is a very good book for any investor to read in order to be convinced of the attractiveness of gold (and silver) investments in the coming years.

28 of 31 people found the following review helpful:

5.0 out of 5 stars A great book about why you should own Gold, February 20, 2008

By 

J. Luftig (Austin, Texas USA) - See all my reviews
(REAL NAME)   

This review is from: Buy Gold Now: How a Real Estate Bust, our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs (Hardcover)

If you are not financially nervous after reading this book, you are not facing reality. This however is not a book about fear, but how to respond to
a very real situation that our national and world is in. Well written and supported by unarguable data. My tip, is to buy Gold Now, not convinced?..buy this book and you will be.