Review: Buy Gold and Silver Safely
March 31st, 2011 Filed under: ira investing — Investing Author
We Americans are never taught anything about gold and silver through our education system. That’s why many gold dealers are able to easily rip off unsuspecting buyers of gold and silver.
Financial advisors and journalists aren’t giving you the truth either, as to how gold and silver fit into a properly diversified portfolio. So naturally, people are looking for answers.
Buy Gold and Silver Safely provides those answers by explaining why gold and silver need to be a part of everyone’s portfolio, and helping people learn about buying or selling gold and silver… the safe way.
Review:
In his excellent book, Doug Eberhardt clearly lays out the why, what, and how of investing in gold. The “why” can be boiled down to diversification, but Doug carefully explains the history behind gold as a currency standard, the roles of Congress, the Federal Reserve, and how the current economic situation–and our government’s failure to address it–has created an environment of great economic uncertainty. Against this backdrop, Doug argues persuasively that gold should be part of a balanced investment portfolio. He also describes the various different ways to “own” gold, from investment vehicles to purchasing actual bullion, and debunks many of the myths that less forthright merchants might use to coerce customers into buying overpriced coins based on their numismatic value (rather than the actual gold content). By describing these tactics and the fallacies therein, Doug prepares the would-be gold buyer to deal with the various hard-sell tactics they might encounter. Finally, Doug makes recommendations for the types of gold an investor should purchase, offering specific and helpful suggestions. While the portion of the book dedicated to silver is somewhat abbreviated, most of the principles Doug discusses with respect to gold apply to silver, as well.
“Buy Gold and Silver Safely” is a must-read for anyone considering purchasing gold or silver, whether as a simple investment or as a hedge against inflation or currency devaluation.
