Andrew Gause
THE REAL WORLD OF MONEY
Andrew Gause
Andrew Gause may just be the top man anywhere for the highest quality analysis into the world of money we all live in. Andrew is a currency historian, an internationally recognized expert on the United States monetary system. He’s written two books, “The Secret World of Money†and “Uncle Sam Cooks the Booksâ€. You can order these books as well as speak to Andrew personally. As a One Radio Network listener, you’ll have highest priority in his phone time. His # is 800.468.2646
Show Highlights:
-The last years copper pennies were really copper
-What is MZM? Andy tells us how much money is collectively sitting in checking and savings account in the U.S. Feelings of uncertainly; the American people are not confident in the future state of the globe
-It’s getting messy; Andrew talks the financial state of Europe, particularly Greece
-Worldwide inflation is on the way
-If you’re putting your money in the bank in Switzerland, plan on waiting 13 years before you ever see a return; Andrew explains
-How could someone profit from a falling dollar?
-Collecting numismatic coins instead of a hunk of gold; what’s the difference?
-The relationship between the stock market and gold
-Being penalized for depositing too much cash? Really?
-Regarding pure safety of one’s money, Andrew explains the benefits/risks of buying US Treasury Securities (like T-bills) versus numismatics. Aren’t T-bills supposed to be the safest investment possible?
-Question from a listener:A few weeks ago you mentioned the Columbia 1/2 dollar and it sparked my interest because of their lower mintage and the fact that they seem to be available in graded conditions for around a few hundred bucks. My free cash for coin investment is generally $100 – $300 every other month; Should I focus on older US minted commemorative coins in a graded condition as my best strategy? Is collecting a set generally more desirable and will it fetch a greater return? For example, should I focus on collecting all of the Daniel Boone Commemorative coins in MS 64 or MS 65? What are your thoughts regarding modern US commemorative’s?
-Does Andy recommend buying the higher premium bags (like silver Barber Quarters) or just the standard mix which is the cheapest? What are pros and cons of each?
-Andrew’s take on 5-oz silver ATB coins collectability
and so much more!!
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andrew gause and the real world of money, february 11, 2015, hour one
'Andrew Gause and The Real World of Money – Climb Aboard; Worldwide Inflation Is On the Way – February 11, 2015' have 2 comments
February 11, 2015 @ 7:46 pm Kevin
Once the system blows up. The price will go up. The price may be manipulated, but not forever. Most neumismatics are also tied to the price of the metal to a large degree.
February 15, 2015 @ 10:34 pm Ellen Martin
Hi Andrew and Patrick, Would you respond to the issues raised in this syndicated newspaper opinion column about investing in gold and silver?:
Dave Ramsey financial advice column
“Dave Says” – February 9, 2015
Title of column: “Where’s the safety factor?”
Dear Dave,
I’m retired, and currently I have about five percent of my retirement savings in gold and silver I’ve been acquiring over the last few years. I’ve seen gold prices decline significantly, and I’m wondering if I should hang on to it as a safety factor in the event the economy goes bad in a hurry. I want to make sure I’ll still have a safety factor, and something of value, if that happens.
Steve
Dear Steve,
What’s the safety factor here? And if everything goes downhill, why does it have value? Gold has this weird allure and mythology around it that says, “I’ve still got something that people will take when the economy crashes.†But the truth is there hasn’t been an instance when people used gold as a medium of exchange in a crashed or failed economy since the Roman Empire.
People still use gold because they believe in it. We also believe in green paper with presidents’ faces on it. So, gold really has no more intrinsic value than that green paper. The only reason we place value on it is because we, the society, place value on it. A failed society might not place value on it anymore.
In a completely failed economy, the first step is usually a takeover by a Fascist government. After that, you get a new color of money – of paper – with a new leader’s face on it. Then, the old stuff isn’t worth anything. It’s very seldom you ever see gold come to the rescue.
I don’t believe in investing in gold for that reason. Plus, the track record on gold, as far as a rate of return, is horrible over the long haul. There was a time a few years ago when everyone went crazy on it, but other than that? Ugh!
—Dave