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Gold Is A Better Way: And Other Wealth Building Secrets Wall Street Doesn't Want You To Know
C**N
A Gold Salesman Wrote This
The book is about how disaster could happen due to a number of factors the main one being the tremendous debt all around the world and the U.S. government in particular. Most of what he says is undeniable. The problem is when will the wheels come off ? People have been making these arguments all my life and I'm 75. The author owns a firm that sells gold so naturally he is bullish on gold and believes $2600 per ounce will be the gold price in the next few years and maybe $10,000 if and when the big problems come to fruition. I would suggest buying hills if the latter comes true because that's where everyone will be heading. He talks about that you want physical gold and not pieces of paper, and that's certainly true. The problem is he sells gold IRAs and that is just a piece of paper and I would argue the most dangerous way to own gold. They would say your gold is in a secure facility segregated from other peoples gold but how do you know that is true ? How do you know there is any gold ? How can you be absolutely sure this isn't a scam ? You can't. That's why if you buy gold you want it in your hand. One thing he said which is laughable is that gold has outperformed stocks and bonds. He picked a time period when that was true but instead try it from March 2009 until the present. The stock market has quadrupled and gold is up a little. Let's go back 1,000 years and try it. If you had an ounce of gold then today you would have something worth $1200. If you had anything else that even went up 1% a year it would be a huge amount, more than 20,000 times your original amount. The plain truth is gold has been a horrible investment. Nevertheless I own some physical gold and I think that's prudent.
P**H
A Must-Read for those interested in investing in Gold and precious metals
I heard about this book from various places and it seems to be highly recommended for anyone interested in investing in Gold. Adam Baratta is well known for his ” Gold is a Better Way “ philosophy .How do I contribute any unique thoughts to the many reviews that have already been posted about this book? I'll simply state that this is the first book devoted to Gold investing I've ever read and I've been an active investor since 2015. I so wish that I had known about and read this book before I started investing!! I'd probably be several times ahead of where I am right now.Though I've had great success the past couple of years through subscribing to a couple of online investing advice services, this book helps to fill in gaps in my knowledge, plus give me more details about the most important issues related to physical gold investing. Most importantly, I'm now able to look at Gold and find the most important and relevant information regarding a Gold’s position that I did not know or frankly care to know about before. Barrata has a way of explaining things like this that make sense to me.I really appreciate the candor of the author, not only telling how he found some of his biggest successes but also admitting how he failed or simply missed out on fantastic opportunities. He writes in a style that keeps me easily engaged, making it quite easy for me to have read I also appreciate his humor, which also struck a chord with me. I find that he writes about market tendencies and human nature that transcend time. Great book!
A**R
Good Book Needs Updating
This book was good (hence 4 stars). It was a good, well-written, concise book. It was a poor commentary on the future. For example, this book was written January 1st, 2018, and in numerous places the author refers to the upcoming increasing of interest rates. Interest rates, since this book was written, have dropped significantly, and are poised to continue dropping. While the price of gold has risen, if comparing gold with the stock market over a long period of time, it's no contest, gold loses.I'm not saying doomsday won't happen, certainly the huge debt America carries will one day crush us, but it is difficult to put timelines on things such as interest rates, inflation, etc.The other difficulty I have with this book is the reference to his site goldisabetterway.com, which, for a mere $3499.00, PER YEAR, you can get some information on gold. Wow! How much gold and silver could you buy for that price?Overall, there is some good information in the book, but don't count on the fortune telling to be accurate in a timeline fashion.
J**S
A Great Addition/Education to Your Investment Library and Planning!
I bought this book because I've been following the economy and financial markets for a while and I was already familiar with the company Advantage Gold and its sibling new site GoldIsABetterWay.com; I was really impressed with its videos and multiple live calculators, graphs and data range. In deed, you greater benefit while reading this very succinct book to also access the associated website to get am impressive simulation on performance. I'm half way through the book ( I'm also reading All The Presidents Bankers and Collusion by Nomi Prins and Fed Up by Danielle DiMartino Booth ). It is an easy read. Recently, Michael Smollins ( Senior Account Executive at Advantage Gold ) sent me a complimentary copy of the book; it was very nice touch of him. I gave this copy to a friend of mine. The people at AdvanteGold is very professional and helpful, never tire of answering your questions, concerns or calls.My only real regret is that I did not start following these markets a long time ago rather than to listen to the main street Financial Planners which all read from the same script. Anyway, we'll see how these metals perform over the next few years!
F**W
A good place to start learning why Gold might have a future in your portfolio
An easy read,would have got 5 Stars if it wasn't padded so much
P**R
easy read good information
Easy informative read sttes the case for gold thouroughly
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