Shayne McGuire 
Hard Money 
Taking Gold to a Higher Investment Level

An in-depth guide to making gold a serious part of your
portfolio

Gold, the long forgotten store of value that was once the center
of the global financial system, suddenly matters a great deal
again. It has become a leading asset by virtue of its strong
performance, and its booming demand has made it the only financial
asset that remains in an uninterrupted bull market. And yet gold
remains one of the least-owned financial assets in investment
portfolios today.

Hard Money helps investors move beyond the simple, yet
widely accepted notion that gold makes sense in today’s financial
environment, and explores ways to magnify potential investment
returns driven by precious metals. This reliable resource examines
the investment vehicles (bullion, stocks, derivatives, and even
rare coins) and strategies (aggressive, conservative, passive, and
variations) aimed at beating the price of gold as it rises, and
ways to protect a portfolio should the metal decline.

* Identifies five key drivers that should continue to push gold
higher in the years ahead

* Explores the ins and outs of investing in gold and making this
precious metal a part of your portfolio

* Examines the pros and cons of multiple ways to buy gold via
coins, ETFs, mining and royalty stocks, and other investment
vehicles

* Author Shayne Mc Guire is a highly-regarded expert on gold

Written in a straightforward and accessible style, Hard
Money offers key strategies to enhancing returns with new
methods for investing in gold.

Table of Content

Acknowledgments xi

List of Figures and Tables xiii

Introduction The World Doesn’t Have to End for Gold to Go Hyperbolic 1

Part One The Logic of Hard Money in the New Investment World

Chapter 1 Gold Driver 1: The Increasing Likelihood of Fiscal Crises in Major Economies of the World 23

Chapter 2 Gold Driver 2: The Return of Inflation as a Major Investment Risk 31

Chapter 3 Gold Driver 3: The Return of Gold as a Significant Asset in the World’s Largest Investment Funds 43

Chapter 4 Gold Driver 4: The Rise of China 51

Chapter 5 Driver 5: Gold’s Potential Return to Being the Dominant Financial Asset in the Global Monetary System (A Return to Normal) 59

Chapter 6 Gold: How a $10K Gold Is Possible (Taking a Closer Look at Supply and Demand) 67

Chapter 7 Silver: Poor Man’s Gold May Offer the Richest Returns 89

Chapter 8 Platinum and Palladium: Metals as Old as the World, but as New as the Internet, as Investments 101

Part Two Taking Gold to a Higher Investment Level

Chapter 9 Taking Gold to a Higher Level: Creating Your Gold Portfolio 113

Chapter 10 Keeping It Simple with Precious Metals ETFs 147

Chapter 11 Precious Metals Stocks: The Cornerstone of a Gold Portfolio 165

Chapter 12 Physical Gold: The Importance of Wealth You Can Hold in Your Hands 193

Chapter 13 How to Invest in Coins and Bars (Without Getting Ripped Off) 207

Chapter 14 The Most Widely Respected Investment Coins 211

Chapter 15 Rare Coins: An Attractive Market Unreachable to Fund Managers 227

Conclusion Comparing the 1970s Gold Boom with Today’s 245

About the Author 251

Index 253

About the author

Shayne Mc Guire manages the $300 million GBI Gold Fund and is the Head of Global Research at Teacher Retirement System of Texas, one of the world’s largest pension funds. With eighteen years of financial experience, Mc Guire has managed a $2 billion European equity portfolio and was ranked among the best Latin American analysts by Institutional Investor in the late 1990s. An avid gold investor, he has in recent years worked closely with Austin Rare Coins, one of the country’s leading precious metals companies. Mc Guire graduated from Fordham University and holds a master’s in history and an MBA from the University of Texas at Austin. He lives in Austin, Texas, with his family.