$10,000 Gold
Why Gold′s Inevitable Rise Is the Investor′s Safe Haven

As paper currency continues to lose its purchasing power and global markets struggle in the face of economic turmoil, investors are turning to gold to stabilize their portfolios. $10,000 Gold explains why this is a smart move, arguing that the price of gold will continue climbing to $10,000/ounce and beyond in the years to come. Looking at the underlying causes of gold′s rising value, the book contends that intelligent investors have no choice but to invest in this precious metal.

Written by one of the world′s leading authorities on gold, the book teaches readers to think independently about gold, money, and the geopolitics that affect its price. The security of gold offers peace of mind, making fears about the fluctuation of the stock market irrelevant, and $10,000 Gold shows why, just like usual, gold remains the single best asset for preserving wealth in any economy. Looking at the world through the eyes of gold—where wealth is measured in ounces, not dollars—the book is a candid insight into the current state of the economy and how to stay safe no matter what lies ahead.

• Explains why gold price will soar to over $10,000/ounce
• Teaches readers to reconsider the way they think about money, showing that wealth should be weighed in gold, not unbacked dollars
• Provides invaluable advice on protecting money by putting it into the safest asset class on earth

No one knows what the next few years hold for the economy, but investing in gold allows for financial security in any market.

List of Figures xi

Introduction 1

Guided by Two Essential Principles 3

The Day Gold Died 6

Part I: The Framework for $10,000 Gold 9

Chapter 1: Why Gold Matters 11

Benefits of the Gold Standard 13

Gold: A Reliable Indicator of Inflation 18

Gold s Sustained Purchasing Power: Thinking in Ounces of Gold 23

The Historical Lessons of Gold vs. Paper 24

Gold Derivatives 33

Chapter 2: The Creation of Money and Debt 37

What Money Is 38

A Short History of Money 39

Central Banks in the United States 41

The Money Creation Process 47

In Conclusion 52

Chapter 3: Peak Oil, Population Growth and Gold 55

What the Charts Tell Us 56

Oil, Energy and the Price of Gold 60

Peak Oil 61

The Relationship between Oil, the Economy and Gold 69

In Conclusion 77

Chapter 4: The Aging Population, Outsourcing and Debt Their Relationship to Gold 79

The Aging Population 81

The Problem with Outsourcing 87

The Consequences of the Aging Population and Outsourcing Unsustainable Debt 92

Growing the GDP 93

Sovereign Debt 96

The U.S. Housing Market 97

In Conclusion 100

Chapter 5: Myths about Gold Bullion Ownership 101

In Defense of Gold 103

Propaganda Myths 116

The Myth That Gold Carries Too Much Risk 118

The Gold Standard for Assessing Risk 123

Three Important Criteria for Measuring Precious Metals Risk 125

Other Types of Risk 128

In Conclusion 136

Chapter 6: The Legacy of Gold s Performance, 1980 2000 137

Gold s Bear Market 138

Other Unique Features of This Period 150

When the Negatives Become Positives 151

In Conclusion 152

Part II: Owning Gold 153

Chapter 7: The Fundamental Case for Owning Gold 155

Gold Fundamentals vs. Technicals 156

Supply and Production 158

Environmental and Political Pressure 161

Primary Demand 163

Secondary Demand 170

The Competition for Gold 176

Silver and Platinum 177

In Conclusion 182

Chapter 8: How to Buy Gold 183

Some Pertinent Terms 184

The Many Ways of Buying Gold 185

Chapter 9: The Ultimate Prize Uncompromised Bullion 217

The Question of Title and Authenticity 218

Storage 220

Location 226

Strong Banks 226

Strong Economy 227

Strong Democracy 227

In Conclusion 228

Chapter 10: Gold Never Sleeps 229

Chinese Buying Gold Is Moving East 229

Central Bank Buying 233

The Movement Away from the U.S. Dollar 233

U.S. Debt The Main Driver of Gold s Rising Price 237

Individual Responsibility 245

The True Value of Peace of Mind 247

Addendum 249

Notes 261

Appendix: Figure Source Citations 279

Acknowledgments 285

About the Author 287

Index 289