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"In gold we trust, all others contend with cash, or worse - credit."
Although hundreds of sites have jumped on the bandwagon recently, and owning physical gold bullion has gone
from being the slightly quirky domain of so-called "Gold Bugs" to mainstream investment, we are not new to
gold bullion investing.
For well over a decade The Q Wealth Report has been recommending holding bullion such as gold, silver,
platinum and palladium as part of any investment portfolio for asset preservation and long term wealth
creation. It's not just a store of purchasing power or protection against the falling dollar, euro or
pound but also a superb way of generating wealth. It can also be totally anonymous and private… beyond
the grasp of central banks and governments.
Below are some sample extracts from The Gold Report by Peter Macfarlane. This new, bang-up-to-date report (written from scratch in Spring 2009) has quickly been nicknamed
"How to Buy Gold Bullion and Hide it Safely Offshore." The Gold Report is just one of the many benefits of Q Wealth membership. You can download your pdf of
The Gold Report right now in the Members' Area. We hope the extracts below will help you decide to
sign up today for The Q Wealth Report membership. If you're not yet sure, then don't miss out on a
free QBytes subscription. |
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Sample Extracts From the Introduction to The Gold Report
Sample Extracts From Chapter 1 of The Gold Report: Why Gold, not Fiat Money?
Sample Extracts From Chapter 2 of The Gold Report: Why Gold Bullion?
Sample Extracts From Chapter 3 of The Gold Report: How to Buy Gold Bullion
Sample Extracts From Chapter 4 of The Gold Report: Where to Store Gold Bullion Offshore
Sample Extracts From the Introduction to The Gold Report:
In this report you will learn specifically:
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Why you need Gold for purchasing power, asset protection and wealth creation.
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Why you should buy physical gold bullion rather 'electronic' or 'paper' gold such as ETFs or digital currencies.
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How and where to buy gold bullion, whether you want to buy a few hundred dollars worth or a few million dollars worth. (I will also tell you how to buy gold at a discount - yes, you read that right, most people expect to pay a premium above spot price but there is a way you can buy at a discount, and of course you can re-sell at a profit)
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How and where to store gold bullion - offshore.
If you're not sure yet about how much of your portfolio to keep in gold bullion, start here at the beginning
of the report. If you are 100% convinced and just want the facts and contacts - undoubtedly the most valuable
part of this report - then you can safely skip ahead to Chapter 2.
Sample Extracts From Chapter 1 of The Gold Report:
The investment markets are yielding to the fact that the global economy will remain weak for the next few years.
This is a key reason why gold demand is consistently outstripping supply. Investors will always seek safe
havens in turbulent times. Gold is the ultimate safe haven.
Now if gold demand is outstripping supply, why does the price not keep rising?
Well, actually it does keep rising - but not nearly as fast as we might expect. That's because there is a further
hidden factor in the game: The Gold and Banking Cartel. Just because low-level bankers often discourage individuals
from investing in gold bullion, doesn't mean they have forgotten the advantages of gold. Gold is central to today's
financial system. And bankers are busy manipulating the gold price all the time. They have developed some very
sophisticated tools for doing this - and the biggest tool they have is what I call "virtual gold" - in other words,
convincing people that they own gold when really they don't. By reducing gold holdings to electrons trading on
stock markets, or complex derivatives that people don't really understand, they can manipulate the gold price just
as any other stock price can be manipulated.
The good thing is that real gold bullion can still be held outside the control of the cartel. Today, gold pricing is almost like black market currency trading. There is an official price for 'spot gold' and a completely different price if you actually want to buy the stuff, hold it and touch it. This report will focus on how to acquire REAL physical gold bullion - and some interesting ways you can focus on price arbitrage between the 'official' price and the real 'free market' price. In other words, you can play the banking cartel at their own game!
Gold Protects Your Assets against a threat you may not have noticed...
Traditional asset protection lawyers concentrate on keeping the same number of dollars, pounds or euros in your bank account. They try to protect you against taxes, or creditors, or unjust lawsuits. I'm not saying that's not important - it certainly is - but if you finish the year with the same number of dollars you started it with, you have already suffered a big loss.
Why would the government and the bankers waste their efforts trying to extract money from the population through unpopular methods like taxes, when there is a much simpler way?
Have your wages / income gone up 60% in the last 5 years? If not, unfortunately, you have fallen behind financially in your purchasing power, never mind what you may have experienced in terms of asset losses in the recent meltdown.
For those that have gold in their asset base... In the past five years, with only 50% of your portfolio in precious metals, you could have fully retained your significant purchasing power!
Losses through taxes, arbitrary seizures, unjust lawsuits or prickly ex-spouses affect the unlucky few. But the loss of purchasing power above has quite simply affected everybody who owns fiat currency.
So to repeat it is NOT so much that gold has gone up... but that the value of the "paper" fiat currency has gone down… otherwise known as devaluation. Evidence? Has your cost of food, housing, clothing, etc, etc, etc gone up? Or down?
So, if one stays fully invested in "fiat currency", would it be highly likely that one will continue to be worst off ... especially with the massive deficit spending underway? With the huge bailouts going on right now?
As I write the dollar is supposedly going up, against other major world currencies. The dollar rising makes no sense at a superficial level, because the United States is effectively bankrupt. The problem is, Europe is just as bad. There is even talk that Switzerland could be bankrupted because of their own sub-prime crisis - property loans in Swiss Francs to countries like Poland and Hungary that have suffered major currency devaluations of their own in the past year or so.
But when you compare the dollar to the price of gold, gold is becoming more expensive. In other words, gold being up means the dollar is going down. Gold is up even more against the Euro, Pound or Swiss Franc. Or the Aussie or Canadian dollar.
I believe we should seriously consider the possibility that things will get a lot worse before they get better. We may even see major countries like the USA or Switzerland declaring bankruptcy, defaulting on their debts and reintroducing exchange controls. Ecuador just did it. Bigger, more important players might follow.
I'm not saying this will necessarily happen. But even if you see a possibility of it happening, hedging your portfolio by investing part of it in gold is a great idea. And if you are prepared to play the markets actively, I believe you can actually get ahead financially by trading gold over the medium term.
Let us see what Alan Greenspan, the former chairman of the US Federal Reserve (now head of BIS), told lawmakers in Washington almost a decade ago...
"Fiat money, in extremis, is accepted by nobody... Gold is always accepted"
"Gold [is] the ultimate form of payment"
Sample Extracts From Chapter 2 of The Gold Report:
So, ask your banker or broker about buying gold. 99% of bankers will advise you to buy gold through one of a multitude of much 'easier' ways to invest in gold. They will advise you not to buy real gold, but to buy 'virtual' gold. Although your banker may be well meaning, what they are trying to sell you is basically a scam, because they are not offering you real gold. They are offering you 'virtual gold.'
For short term speculation on the gold price, 'virtual' gold make sense, so I don't write the following methods off completely. Before the financial crisis really started biting, I used to recommend these strategies to my clients who wanted to invest in gold. Now I don't any longer. In fact I believe they are positively dangerous, and doubly so because they are slickly marketed as 'safe haven' solutions.
I'm referring here principally to four 'virtual' ways of investing in gold:
(snipped - to find out the four 'virtual' ways of investing in gold that Peter Macfarlane DOES NOT RECOMMEND, please read The Gold Report)
There are two major, and I mean really major, problems with all these options, however:
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The first problem is that you do not directly hold the gold. They all rely on the banking system. Which, when you think about, kind of defeats the whole rationale for owning gold that we outlined in the previous chapter.
In the event of a complete systemic meltdown, you will be left with nothing except those electrons and promises from a bankrupt financial system. So if you are looking at gold as a safe haven, your protection against a possible collapse of the financial system, you quite obviously don't want to hold your gold through ETFs that rely on that same unstable financial system.
What about the risk of Government Seizure? There is the risk of government seizure of gold…. making Private Ownership of Gold illegal. Private ownership of gold in the past has been illegal in certain countries, most notably the USA in the years following the last Great Depression. In the future some of the more oppressive high-tax regimes (not naming names) may well resort to this tactic again, in a desperate attempt to prop up the value of their fiat currencies. It would enable them to buy up a lot of gold at bargain prices (the 'official' exchange rate) as people rush to sell it in desperation before the deadline date of lawful ownership. Any gold you own through bank and brokerage type setups will be completely visible to governments, and is already subject to reporting requirements imposed in the name of the war on money laundering. You are likely even required to report it yourself.
The only solution is to hold real gold yourself, hide it somewhere secure, and tell no-one about it. There's no way that electrons and promises from the cartel can serve as adequate substitutes for the base metal itself. Keep physical gold bullion - not necessarily at home, but in places that are not exposed to the financial system. I'll outline some of these in the next chapter.
Sample Extracts from Chapter 3 of The Gold Report:
How to Buy Gold Bullion? One way is to go down to your local gold dealer and buy government minted gold coins, or - if your investment is big enough - bars. Gold dealers can be found in all major cities. Most banks worldwide can also sell you gold, but with a few notable exceptions, such bank transactions will be neither cheap nor private.
Let's assume that your requirements are more sophisticated than simply purchasing a few gold coins through your local dealer or bank. In this chapter, I'm going to explain three methods of buying physical gold bullion that avoid these problems, to a greater or lesser extent. Each method has a different level of complexity, cost, anonymity and - yes - risk. Whichever you choose, if any, will depend on you. You need to weigh up the respective advantages and disadvantages as they are applicable to your own personal situation. For example, if you want to put aside $1000 a month in gold out of your regular income, your requirements will be very different from someone who wants to purchase $1,000,000 worth of gold bullion in one fell swoop.
If you are smart, with a little thought you can mix and match some of these ideas. In business there a few hard and fast rules. In buying and selling gold, you can always negotiate and ask for what you want.
What are these three methods of buying physical gold bullion recommended by Peter Macfarlane? Please read The Gold Report to find out!
Sample Extracts from Chapter 4 of The Gold Report:
OK, so we've established the need to buy gold bullion, and why it's a good idea to diversify your holdings out of the traditional financial system, to hedge against catastrophic events like a meltdown of banks and brokerage houses, or government imposing restrictions on private ownership of gold. How, then, should you look after the gold? And perhaps more importantly, where? In this chapter, we will address these points by firstly covering secure home storage, and then looking at various safe deposit options around the world where you can physically - and in many cases anonymously - stash your bullion.
Domestic Bank Safe Deposit Boxes
Before looking at where to store bullion internationally, we must remember that there may be some who would rather stash their bullion closer to home. Local secure storage might be a good option for at least some of your gold. This may suit those with smaller amounts of gold bullion or for those 'who hope for the best but want to be prepared for the worst' and want to be ready in the event of a meltdown scenario - like currency collapse and hyperinflation. These investors might want to own real money, gold and silver, that will retain or increase in value. It is important to have at least some bullion in one's possession.
You might consider a small local branch of a state, municipal, local, national or even international bank providing the bank is highly solvent and or has a high credit rating from one of the international ratings agencies (which is not too many!). Knowing and trusting the local bank manager who controls access to the vault could also be very advantageous to your wealth.
It's worth remembering, though, that in the event of a systemic crisis then deposit boxes in banks and financial institutions could well be sealed and the bullion confiscated. This is exactly what happened in the USA under the Gold Confiscation Act of 1933 at the height of the last Great Depression. I believe we have not yet reached the height of the 2009 Great Depression. In the event of such a crisis many bullion dealers' pool accounts and depositories in the US would also likely have their gold confiscated and might have their assets nationalized.
Storing Bullion Internationally
Once again the eggs in basket cliché is important. If you have built up a decent-sized portfolio of gold bullion, don't keep it all in the same place. We believe that for anybody, at least a part of your gold should be offshore - that is outside of any country where you live, do business or are a citizen.
Bank vaults have serious limitations regarding access, and it's worth repeating that there is a big risk factor if the bank gets closed down, even temporarily - almost an everyday occurrence these days in a lot of countries in North America and Europe. Never let the bank people know what is in the vault box.
Imagine today going to the police and filing a report that your gold was stolen from a vault box in a bankrupt bank. Of course, they would immediately see you as a person 'of interest'. They would ask questions like: Do you have receipts for the gold to prove it was bought with legal funds? How do we know the gold was really in there? How do we know you did not hide the gold elsewhere - can we search your home and vehicles? Why did you buy the gold? Did you pay taxes on this money?
In the rest of this Chapter, Peter goes on to explore, analyze and recommend specific gold bullion offshore storage options, outside banks, in secure locations Peter has personally visited and checked out, in Austria, Switzerland and the Caribbean. To read the details, please sign up and you can instantly download The Gold Report and gain access to this valuable and impartial information.
Looking to sell gold rather than invest in gold? Learn where to sell
gold for cash online and earn extra cash by finding the right gold buyers.
Contrarian Investors¹ Journal - an
insider's peek into the minds of contrarian investors who strive for
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physical gold and silver bullion.
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