$10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven Kindle Edition
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Nick Barisheff's book is a "gutsy call for faith in gold’s fundamentals at a time when many are giving up on precious metals... Barisheff is at his best when clarifying the differences between paper gold... and the real thing like coins and allocated accounts... This is a polished production from beginning to end, which makes it an easy read. Everyone associated with it should be proud of what they’ve produced." – John Rubino, author and founder of DollarCollapse.com
"I’ve long been a believer in having a 5 to 10 percent position in some combination of gold or precious metals. Anyone looking for a one-stop investment guide to all things gold can hardly ignore this book." – Jonathan Chevreau, editor MoneySense Magazine
"Gold provides an invisible return or dividend. This book is a must read." – Chris Waltzek GoldSeekRadio.com
"Nick Barisheff's new book... $10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven is 4 years in the making... the book attempts to empower investors when buying gold." – CliffKüle.com
"Overall this book presents a compelling case for owning physical gold as a means of protecting ones wealth from inflation and from further western economic decline." - Dan Simon
"Nick Barisheff does a great job at pointing out the fact that this recent price drop in gold and silver has not gone as the manipulators would have planned. Demand was supposed to drop. Clearly it hasn’t as major bullion dealers are STILL reporting massive physical demand." – Sprott Money Blog
"Barisheff argues against the popular perception that only stocks are the ideal long term investments. He points out, 'One cannot compare gold held in a vault to an investment in stocks. Stocks cannot be compared to gold when it comes to risk.' " – Gold Investment Tips
"Our recommended source for serious study is one of the most recently launched books on gold, with a very provocative title $10,000 Gold by Nick Barisheff. But what sets it apart is Barisheff is no mere academic or just another talking head, he puts his money where his mouth is! Barisheff is no fair weather gold bug. He commands respect as evident by his numerous interviews." Under Cover Gold of Singapore.--This text refers to an out of print or unavailable edition of this title.
From the Back Cover
$10,000 Gold is far more than a financial book. It is a tool of survival and prosperity. It leads the reader to a deeper understanding by showing the global economic and demographic trends that support a rational prediction for gold's future value. $10,000 Gold advocates ownership of physical, uncompromised bullion and explains the benefits of a safe haven that has preserved wealth for more than 5,000 years.
Praise for $10,000 Gold
"Nick Barisheff, who had the foresight to start a precious metals mutual fund in January of 2002 when gold was $284.65 per ounce, is now predicting $10,000 per ounce gold. This book explains why he is probably right, again."
— Michael B. O'Higgins, author of Beating the Dow
"Nick Barisheff is one of Canada's leading authorities on gold bullion. In this seminal book, he shares his encyclopedic knowledge with us and, more importantly, tells us how to use gold to protect personal wealth. A must-read for all serious investors."
— Gordon Pape, author of Retirement's Harsh New Realities
"Mr. Barisheff's well-researched and very readable book...explains precisely why gold, now, is a wise investment."
— David Ranson, President and director of research, H. C. Wainwright & Co. Economics Inc.
"In $10,000 Gold, Nick Barisheff makes the best case to think gold prices are likely heading higher. The arguments are compelling and well-articulated and if you don't own gold bullion before reading this book, I believe Nick will change your mind. If you want peace of mind in the turbulent decade that lies directly ahead, this book will help you along that journey."
— James Puplava, CEO PFS Group, Host of Financial Sense Newshour
"Nick Barisheff pulls no punches. This is a must-read for all outside the precious metals community."
— David Morgan, Founder, Silver-Investor.com
- File size : 5606 KB
- Word Wise : Enabled
- Print length : 355 pages
- ASIN : B07KGLQK54
- Language: : English
- Enhanced typesetting : Enabled
- Text-to-Speech : Enabled
- Simultaneous device usage : Unlimited
- X-Ray : Not Enabled
- Best Sellers Rank: #487,988 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from Canada
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So, in the book Nick uses the title of $10,000 gold to catch your attention. That sounds abstract or exciting, but you need to keep in mind that if gold was ever at this price, it might not mean its value has actually INCREASED against everything else in society. You have to be constantly measuring many, many things, and believe me it is NOT easy. What I'm getting at is, to clear up this statement, is sure gold COULD go to $10,000 per ounce, which from its current price would be ~10x higher, however when this happens could be at any point and it really depends on the economic circumstances. In other words, if gold went to $10,000 in a huge inflation, and a $100,000 home today went to $1 million over the same period of time, nothing changes in terms of its value, its stayed the same, just the PRICES have changed. Price vs value is a very important thing to understand (everything is going up in price, but certain things are going up more over the same period of time, therefore, certain things are going up in value more than others).
Now when I say above that gold/silver aren't really "investments", what I mean by this is that they have no liabilities or any real risk. No company or board of executives overlook gold. When you own, its yours, its a "free market" product that comes out of the earth and it can never go to zero like a stock or other paper investment could. Its just different, its a hard asset, and it performs well when their are issues in the banking system and when the national currencies get weaker in terms of their indexes and inflation/deflationary periods.
Nick also covers quite heavily on global economics, the banking system, gold ownership and other major subjects. This is still a very educational book, but I'm writing this review because I want people to understand that many of these gold guys constantly spew the same information. They will always talk about "end of the world" style scenarios with the currencies, but they'll never mention that all these gold dealers happily take your "worthless paper currencies" for gold and silver. In the end, if you have lots of time on your side (I'm in my early 20s as of this review), gold and silver are GREAT long term holds. No doubt about it. There is a great chance that gold and silver will eventually revalue themselves the same way they did back in 1980, but this happens very very few times and a lot of things need to line up for it to happen. Just be careful, don't get scared of your US dollars or your Canadian dollars just because these gold guys will say they have "no value", its really a bunch of scare tactics and the dealers profit huge of gold/silver premiums on physical bullion, and this is a fact. Thanks for reading.
Top reviews from other countries
The book offers a bit of history. Historically, just about every fiat currency that has existed were devalued to extinction. Since the dollar is a fiat currency, the dollar might meet the same fate. The only metal that retained its value is gold.
The book examines factors that could lead to the dollar's demise, such as military spending, aging population, unemployment, and so forth.
The book dispels myths about gold; myths that try to dissuade investors from buying gold.
The book argues that the best gold asset for wealth preservation is gold bullion. The book mentions the cons associated with other gold assets such as gold ETF's, jewerly, gold mining stocks, futures contracts, structured note products, digital gold currency, bullion funds, certificates and pooled accounts, and numismatic coins.
The book also provides reasons why gold didn't perform well between 1982-2000.
Besides gold, the book pushes for silver and platinum as well. The book details the fundamentals of silver and platinum.
This book is like "Currency Wars" by Jim Rickards. Barisheff discusses in the book the origins of the petrodollar and how the petrodollar was used by U.S. to gain more dominance in the currency market. Barisheff also discusses the huge demand for physical gold in Asia and a shift of gold assets from the Western world to the Eastern world. Barisheff Barisheff has read "Currency Wars".
One of the things I suspected about gold was that the gold price could be manipulated. This book reveals how the price of gold was manipulated in the past.
On a side note: I learned that I cannot invest in the BMG Bullion of which the author is president and CEO. Unless you can get an exemption from the U.S. government, the fund is closed to U.S. retail investors. Can't really say that the author is trying to push his product.
I wonder if I'll live long enough to see $10,000 gold. I don't think the author gives a prediction when $10,000 gold will occur. Actually, I am not sure if I want to see $10,000 gold. The U.S. could be a basket case nation by then.
I was surprised with this book. This is not a typical book about buying gold. I though I knew enough about gold that I thought the book would be a rehash of what I already knew about gold. I learned a lot of new stuff. The book is a little pricy. There were a couple things I disagreed with. Despite this, the book is still a good book. I would recommend this book to those who want to invest in gold and to those who are on the fence with gold.
My husband and I are both 65 years old and scared of the stock market. We don't think it is where we want our retirement funds tied up that's for sure. At this point in our lives it could live us with nothing.
We feel that gold is where part of our funds should go. The other side of that equation is that we don't think that that is where ALL of our resources should go because we don't feel like gold will go up and up and up.
On the other hand, this book is helping us to see that it is really a safe investment.
If you are wondering, like we are, I think this book will answers a lot of your questions and give you some insight you don't have before reading it.