by S. McGuire
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Product Description
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.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Another book on gold investments, this one worth reading, 2008-06-30
I liked this book. The author is not too opinionated and not dogmatic. He acknowledges that historically gold has NOT been a good investment over the long run, but makes a compelling case why he thinks it is a good investment now. He is also not emotionally attached to gold, and in fact hopes to sell it someday; he proffers that it could peak at ten thousand an ounce, which would be ten times its current price or about a 90 percent devaluation of the dollar. I think he offers a balanced analysis from a backround as a professional money manager. There are a number of books like this currently for sale, however I think this one is particularly thoughtful and worth reading, even though I have read several others on the subject. However, one complaint I do have is that book would have been much better if it had been published 2 to 5 years ago. At this point, gold is already up to four fold in that period of time. Several of the other books on this subject were more prescient and timely in their release. If one already has had gold investments, this books reinforces your strategy, however recommending investing in sectors that have already risen substantially lends less credibility and profit not to mention risk. Had he written the book when gold was $300, that would be a 33 fold profit if it goes to ten thousand. Gold at $1,000 is a ten fold profit, considerably less.
0 of 1 people found the following review helpful:
 Right conclusions for the wrong reason, dangerous book, 2008-06-27
Bought this book because of all-5-star reviews. It turns out this book is not worth the money.
The book is VERY dangerous, because it reaches right conclusion (buy gold) for all the wrong reasoning. Author either has no clear understanding of the processes that are going on around money, credit and debt, or believe what he's read in multiple economics schoolbooks on subject. He bases his analysis on Government-supplied economic numbers and NEVER QUESTIONS THEM (we all know there's lies, damn lies and Government statistics, especially since 1980th). He doesn't understand that the Federal Reserve is a privately owned enterprise, and that The Federal Reserve and Government together are responsible for inflation and other economic turmoil United States has found herself today.
If you want to stay in the bubble media, economists and politicians have created for you, this is "your" book - lots of graphs and statistics based on false or fake economics. Ironically, author still reaches right conclusion - BUY GOLD. For the rest of us who want to REALLY UNDERSTAND what is going on behind the scenes - don't buy it, there are much better books out there.
I would recommend starting with "The Revolution Manufesto" by Ron Paul and many other Gold books, for example "The Collapse of the Dollar and How to Profif from It"
1 of 1 people found the following review helpful:
 THIS IS A MUST READ IF YOU WANT TO KNOW WHAT IS GOING ON IN AMERICA TODAY!, 2008-06-12
Oh yes I do believe this is a Must Read for those that truly want to understand what is going on in America today (June 2008 as I write this). This author gave great thought into the material and conclusions he includes in his book. It surprises me that for a book out now for four months that I am only the 6th review. There's been no press or publicity on this book and if I didn't happen upon it at the bookstore I would never have found it. I actually recommend BUY GOLD NOW in tandem with the only other book I have found to have similar value - not just 5 stars but really should be more like 10 stars - and that would be CRASHPROOF by Peter Schiff. Between the two, you will totally understand the economics of America. You will truly understand what all the numbers mean and you will also comprehend the futzing around by the government of the distortions with the numbers 'the public' gets. This book will open your eyes to what is REALLY going on and more importantly, what can we, the average citizens of America, do to protect ourselves in the coming years? CRASHPROOF talks about the value of being in foreign holdings and owning gold. This book talks solely about the gold aspect which is so very important in my opinion, as part of a strategy that should also include foreign holdings. BUY GOLD NOW is not an easy read so I have to disagree with the 5 other reviews. I'm smart and I had to read most chapters twice to really 'get it' but get it I did. CRASHPROOF is easier reading but the depth of BUY GOLD NOW was just totally fascinating. I keep both on my shelf side by side.
I recommend this book. I really really recommend this book. I think we average Americans owe it to ourselves to protect our assets and futures and this book will help you do that. You may or may not agree with the actual gold recommendations but don't let that put you off. The first 4 parts of the book are invaluable in understanding the history of the country, what we've done as a nation, and what we are contining to do as we head down the path of destruction.
Enjoy the book and tell your friends because this book deserves more promotion.
3 of 3 people found the following review helpful:
Pick up this book and never put it down......, 2008-05-17
Since gold has moved up quite this past year, I decided to read it and educate myself on the subject of precious metals. The author starts off by admitting even he did not recommend buying silver and gold until he saw the Mexican economy almost collapse. Since our country and most of the global economy is based on fiat currency, the author points out the real value of our dollar. Nixon removed the backing of our dollar by gold when France was asking for the money back that we borrowed from them years ago. Our government is devaluing the dollar and it continues to be propped back up by the Fed. Recently, with the almost collapse of Bear Stearns, we may have seen the beginning of the end of the almighty dollar. The author explains how our dollar affects our economy and how China has no choice but to keep buying our currency, which is losing more ground than it has gained. Finally, the Romans devalued their currency and tried conquering the world. No fiat currency in the history of the world has ever survived. That's why you should by the currency that has been accepted around the world since the beginning of local and global commerce, silver and gold. The dollars in your possession won't be worth the paper it's printed on.......read this book.
2 of 2 people found the following review helpful:
An accessible guide to gold, 2008-05-12
Buy Gold Now is an easily digestible investment guide for people, like me, who like to be taken by the hand and led step-by-step when it comes to the world of finance. McGuire makes a very convincing case that as the dollar continues its long decline, fuelled by a ballooning government deficit and sinking trade imbalance with China and elsewhere, gold provides the safest of havens. Indeed, gold seems likely to repeat the fantastic gains it posted between 1971 and 1980, when it rose from $35 to $850 an ounce. Already it's climbing again - from around $300 in 2000 to close to $900 now - and the run looks set to continue for a number of years.
Gold's prospects are fueled not only by the dollar's decline but also by the dismal state of other investment options (the real estate bubble is deflating, stocks are yielding disappointing returns) and by the fact that there's simply not that much gold out there. New supply from top producers South Africa, Australia and the U.S. has been falling for more than 10 years, and demand from Asia's newly affluent consumers is booming.
McGuire's analysis is spread across short, accessible chapters, well illustrated with charts, which also offer key insights about the subprime meltdown and China's hoarding of dollars to maintain its export economy (you may think that hoarding helps keep the dollar from free-fall, but as McGuire points out, China is going to have to hoard less in the future because the more greenbacks it buys, the greater the inflationary impact on its own economy). McGuire concludes with several chapters of practical tips on how and where to buy gold, whether physically or via internet accounts.
Written with jargon-free facility, a reassuring awareness of gold's history, and enough repetition of key points to keep you from losing track of the main arguments, Buy Gold Now is a very welcome guide to financial planning in these troubled times.
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