Your Ultimate Gold-Buying Guide

Least-Risky to Riskiest [Morning Reckoning] August 22, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Ultimate Gold-Buying Guide - Here are the ways to buy gold… - Let’s look at gold funds… - Pure plays are another good option… [📂 (1) New File Uploaded by Jim Rickards]( You’ve been granted access to Jim Rickards’ newest presentation. One that was recorded live from a secure location. [Click here to learn more]( [Click here to open the video file]( Please note: Because some of the information you are about to see is sensitive… In fact, some of it has been shared behind closed doors at the CIA and secure rooms inside the Pentagon... We are asking that you not share this access link with anyone. [Click here to view](. [LEARN MORE]( Baltimore, Maryland August 22, 2023 [Greg Guenthner] GREG GUENTHNER Dear Reader, Happy Tuesday! The family and I are soaking up our last bits of summer, so I thought I’d revisit one of our big themes here at Morning Reckoning — buying gold. It’s probably one of the best ways you can protect yourself against an uncertain market. I’m going to throw it over to Byron King, our resident expert on all precious metals. Obviously, we don’t know what your portfolio looks like, so please don’t take this as personal investment advice. It’s for your education and edification. If and how you implement what’s in this piece is entirely up to you. Let’s get to it. The Ways to Buy Gold [Byron King] BYRON KING We’re going to go in the order of least risky to riskiest. We’re of the view that if you hold the gold in a safe in your house, that’s the safest. If you live in an urban community full of artists, your mileage will vary on that assumption. Individual Coins and Bars Hard Assets Alliance Paradigm Press has had a relationship with [Hard Assets Alliance]( for a long time. We want you to know that for two reasons. One is that we’ve got a duty of care we owe you. And the second is that there’s a reason for the long relationship: HAA is excellent at what it does and takes care of our subscribers. Hard Assets Alliance allows you to buy gold at your pace and then take physical delivery once you own enough full bars or coins. If you’re new to buying gold — or if you’ve tried online dealers in the past and you’ve been put off by the complexity — there’s no easier way to [buy and hold real physical metal at exceptionally low cost](. You can also buy and store your metal in your choice of five audited vaults worldwide. It’s the hands-down [easiest way to get started with gold]( silver, and other metals. [Are you worried about “Biden Bucks”?]( Don’t be. All you need to protect yourself and your money is this secret gold investment you see in my hands here. [Click here to learn more]( This new alternative gold currency is the perfect way for you to sidestep “Biden Bucks” while preserving your wealth at the same time. To show you how it works, I just recorded a [quick 2-minute video]( walking you through all of the details… [Just click here now for all of the details.]( [LEARN MORE]( The US Mint If you prefer to buy coins directly from your country’s mint, that’s certainly an option. However, we’ve noticed the mints tend to charge well over spot price for whichever metal you’re buying. For example, as I type, the spot price of gold on the market is $1,820 per ounce. In the US Mint Catalog, the American Eagle 2022 One Ounce Gold Uncirculated Coin costs $2,670.00. That’s a 46.7% premium over spot. Unless you’re a genuine coin collector, it’s not the best deal. Contrast that with the Hard Assets Alliance. A 1-ounce gold bar is $1,867.10. That’s only 2.58% over spot. You get much more value for your fiat. Gold ETFs Next, we look at the precious metals ETFs, specifically gold ETFs. ETFs, or Exchange-Traded Funds, are investment funds traded on stock exchanges like individual stocks. An ETF is designed to track the performance of an underlying index or basket of assets, such as stocks, bonds, commodities or currencies. These two ETFs track the price of gold… GLD The GLD ETF, or SPDR Gold Shares, is one of the largest and most popular ETFs investing in physical gold. The GLD ETF provides investors with an easy and cost-effective way to invest in gold, without having to own and store physical gold themselves. The physical gold is held in a vault in London. GLD shares represent a fraction of an ounce of gold. So when investors buy shares of GLD, they’re effectively buying a portion of the underlying gold GLD holds. The GLD is trading around $169. That’s a touch under 10% of the price of a gold ounce. SGOL If that’s a bit too pricey for you, that’s ok. Another option is the SGOL ETF. SGOL invests in physical gold, held in a vault in Switzerland. The SGOL ETF is similar to the GLD ETF, but there are some differences. For example, the SGOL ETF is backed by gold held in a vault in Switzerland, while the GLD ETF is backed by gold held in a vault in London. Additionally, the SGOL ETF has a lower expense ratio than the GLD ETF. Right now, SGOL is trading $17.38, a bit under 1% of the spot price of an ounce of gold. So this is a cheaper way of starting with gold ETFs. Gold Miners ETFs The Gold Miners ETFs invest in companies that are involved in gold mining and exploration. Since there are 56 companies in the GDX and 104 companies in the GDXJ, investors are well diversified within the miners’ spaces. GDX The GDX ETF, or the VanEck Vectors Gold Miners ETF, is an ETF that invests in, you guessed it, gold mining companies. The ETF’s objective is to track the performance of the NYSE Arca Gold Miners Index. It invests in a diversified portfolio of gold mining companies, such as gold producers and exploration companies. The ETF’s holdings are spread across various countries, with a significant portion of its holdings in Canada, the United States, and Australia. Right now, GDX is trading around $26.75. GDXJ The GDXJ ETF, or the VanEck Vectors Junior Gold Miners ETF, is an ETF that invests in smaller gold mining companies. The ETF’s objective is to track the performance of the MVIS Global Junior Gold Miners Index. It invests in a diversified portfolio of gold mining companies but with smaller market capitalizations compared to those in the GDX ETF. These companies are generally considered to be riskier investments than their larger counterparts, but they may also offer more potential for growth. Right now, GDXJ trades for about $32.25. “Pure Plays” – Single Stocks It’s important to understand you’re exposed to two big risks with single stocks: systematic and unsystematic risk. Systematic, or market, risk is the risk your stock may fall through no fault of its own; its price may fall just because the market has a bad day. Unsystematic, or specific, risk is the risk your stock falls even if the market is having a great day. This is the risk specific to your stock, which may have bad management or an earnings miss. These two risks are amplified if you own gold mining, exploration, or royalty companies. Single Established Companies If you’re up for a bit more risk, you can choose any one of the [constituent companies in the GDX](. Companies like Newmont Mining, Barrick Gold, and Franco Nevada are well-known and respected companies. But like any single stock undertaking, you’re carrying more risk with single stocks than by investing in an index. Even established gold miners are riskier than the average stock. Small Cap Mining and Exploration Companies There are even riskier companies that can increase your wealth substantially. As Byron likes to say, “Investing in these companies can sometimes take you from this side of town to that side of town.” That is, one winner with these companies can create life-altering generational wealth. I often talk about these small gold miners on our Friday Rickards Uncensored calls. If you’d like to sign up, click [here](. Gold Futures Lastly, I’ll mention gold futures. We don’t want you to trade these. They’re just too risky. But gold is unique in that the futures price leads the physical price and not the other way around. So the gold futures market is critically important. Keep an eye on it so you know what’s going on. But if you’re new to gold investing, our other choices above are far better suited to your needs. Wrap Up I hope you got a lot out of this piece. It’s more of a reference column than anything else. Hopefully, it gives you food-for-thought when considering your next move in the gold market. Let me know what you think by emailing me [here](mailto:feedback@dailyreckoning.com). Be sure to tell me if there are any topics you’d like me to cover in future articles. Have a great rest of your week! [Byron King] Byron W. King [Exposed: Biden’s 2022 mistake to cost him election?]( [Click here to learn more]( Will this ugly scandal doom Biden in 2024? In February 2022, [Joe Biden made the most dangerous mistake]( any President has made in the past 150 years. If it all plays out like Jim Rickards is predicting… Biden’s blunder will soon cost good Americans EVERYTHING. There’s still time to protect your money. But you can’t wait. [>>See Biden’s terrible mistake here<<]( [LEARN MORE]( In Case You Missed It… Spoiler: “Bidenomics” Is Failing Sean Ring, Editor [Sean Ring] SEAN RING Dear Reader, The family and I are a few days into our Grand Tour, today we’re in Paris. I try not to wade into the mess of American politics… especially on vacation. But flicking through my Twitter feed — or X feed, rather — a bit of trading news caught my attention. If you don’t know who Tom Carper is off the top of your head, join the club. But digging a little deeper, Tom is buddy-buddy with good ole’ Joe Biden… and is a HUGE supporter of the president’s so-called “Bidenomics”. I can’t help but laugh. The man touts the resilience and strength of the U.S. economy — while actively betting against it. How is this even allowed? It’s so ridiculous, I have to take a break from relaxation to call this guy out. Because it’s not the first time he’s made money on something like this. Let’s dive in… Conflict of Interest Thomas Carper hails from the state of Delaware (no wonder he’s best friends with Biden). The democratic senator is also a senior member of the Senate Finance Committee. So of course, in public, this man praises the U.S. economy. Just in May, he attributed the apparent glowing economy to the president… “Thanks to POTUS, our economy is resilient and growing stronger every day. With over 250,000 jobs added to the market in April and our lowest unemployment rate in over 50 years, we are continuing to support working families across Delaware and the country,” said Carper. Lucky for us, senator’s stock filings are full public knowledge… caught you Tommy. His short bet was placed on July 13th. So it should come as no surprise that a senator like this praised the economy both the day BEFORE and the day AFTER his bearish bet. “Bidenomics in action,” says the man whose portfolio paints a completely different story. The trade in question was in the ProShares Short QQQ ETF (NYSE:PSQ), which is an ETF that moves opposite to the Nasdaq 100 Index. It’s a good investment for those that want to profit from a decline in the index. I mean, I can’t help but ask: when his own personal money is on the line, wouldn’t he be more incentivized for the American economy to fall? Especially considering Carper announced in May that he plans on retiring… so reelection isn’t a big issue for him. Even if he doesn’t directly pass any laws that would hurt the economy, being on the Finance Committee while betting on major indices falling? That feels a little too close to insider trading for comfort. And it’s not even the first time he’s done this. In March 2022, the US Senator invested around $100,000 in the same ETF and locked in a 30% gain after he sold it in October 2022. Then, in November, he purchased $110,000 of the Ranger Equity Bear ETF (NYSE: HDGE), which is a fund that shorts stocks — often used by investors to protect themselves against economic downturns. Of course, at the same time of these purchases, Biden’s buddy talked about how the commander in chief’s leadership was the reason for the “huge” increase in the economy… give me a break. Tommy is clearly full of it and willing to profit while the rest of America suffers. But this isn’t just a Democrat problem… Red and Blue Can Agree… on Their Wallets Senator Carper is easy pickings. It’s not just him that has a huge problem with a conflict of interest, though. The New York Times put together a good analysis on Congress’ trading habits. They found that at least 97 — 47 Dems and 49 Reps — current members of Congress bought or sold (or had immediate family buying and selling) stock, bonds or other financial assets that had to do with the work they do in Washington. Just look at this picture… [chart] The corruption is so balanced between Republicans and Democrats the picture is practically purple! (Take a peep at Mr. Carper up on the top right.) American lawmakers do not have to refrain from investing in companies whose stocks could be directly affected by the decisions they make in office. But it does leave a bad taste in your mouth. I mean, who can forget that after closed-door meetings about the pandemic back in 2020 (before the public had knowledge), many of their first instincts were not to try and protect the economy but to buy and sell stocks weeks before the market crashed. And despite 2022 being the worst market since 2008, politicians — on both sides of the aisle — beat the market. [chart] These politicians sure know how to trade! Pay Close Attention We don’t get real-time updates on congressional stock trading. So trading alongside them is a bit of an uphill battle. But politicians — not just in America, but all over — can’t help but show their cards eventually. Because if these people care about one thing over all… it’s making themselves more money. And those like our aforementioned Delaware senator give us some great insight: despite what he may be posting on social media about the strength of the U.S. economy, his heart (and his wallet) seem to be elsewhere. If someone on the Finance Committee is actively betting against America’s finances, I’m definitely paying attention and it doesn’t hurt to brace for impact. Take what they say in public with a grain of salt, their portfolios are where the real action takes place. Thanks for the peek behind the curtain Tommy! Let me know if you want any more information on this topic, or any topic that’s top of mind by emailing me [here](mailto:feedback@dailyreckoning.com). All the best, [Sean Ring] Sean Ring Contributing Editor, The Morning Reckoning feedback@dailyreckoning.com Twitter: [@seaniechaos]( Thank you for reading The Morning Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Greg Guenthner] [Greg Guenthner, CMT,]( is chief strategist at Forge Research Group. He has spent the better part of the past two decades developing long-term and short-term strategies with a single goal in mind: to help everyday investors generate outstanding returns and control their financial futures. Greg’s charts, analysis, and insights have appeared in Marketwatch, Forbes, Yahoo Finance, and many other financial publications. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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