Buying Physical Gold Is a Great Hedge Against the Fed’s Reckless Money Printing

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Buying Physical Gold Is a Great Hedge Against the Fed’s Reckless Money Printing By Nomi Prins, Editor, Inside Wall Street with Nomi Prins [Yesterday]( I wrote to you about the Perth Mint gold scandal. The story broke out while I was in Australia for boots-on-the-ground research. So I started investigating the heart of the issue right away. I visited the Perth Mint, and I asked officials if the rumors had impacted gold sales. They assured me that the Mint is on track to sell even more gold than last year. But here’s what I discovered. Whether or not you agree with the rumors, the Perth Mint scandal puts gold in the spotlight. And that spotlight couldn’t come at a better time given our current market environment. So today, I’ll look beyond the story and headlines to discuss why the scandal shouldn’t stop you from buying gold. After all, gold is a great protector of wealth... and your best hedge against inflation. And most importantly, I’ll explain the in-and-outs of buying physical gold bullion, like the different forms it comes in and the places where you can find the best deals. But first, I’ll dive into one more reason the Perth Mint controversy is still ongoing… Recommended Link [[DEMO] Penny or Dollar? (Not what you expect)]( Something odd is going on with our money. If you understand what’s going on, you could come out far ahead if you make the right moves. But if you don’t, you could be blindsided in the days ahead. According to Nomi Prins, PhD, this could be the most important story in the financial world in 2023… It has little to do with stocks, bonds, or cryptocurrencies… In fact, it all traces back to the humble copper penny. [image]( Knowing this secret could unlock the key to lining your pockets with cash in the months ahead. [Click here to see Nomi’s short Demonstration.]( -- Tracing the Perth Mint Scandal Back to a Previous Incident A few weeks after the scandal broke, Perth Mint chairman Sam Walsh said that the “historical issues” regarding the quality of the Perth Mint’s gold are being fixed. He was referring to an incident that occurred in October 2021. Back then, the Shanghai Gold Exchange (SGE) told the Mint that it received 1-kilogram gold bars containing too much silver relative to gold. This did not meet the SGE’s non-gold specifications. And as it turned out, that accusation proved to be true. The Perth Mint apologized to the SGE right after it was notified. But the problem was that, as Walsh admitted, the Mint didn’t inform the Australian government about the issue, or its resolution, until January 2022. Three months later. That overhang of a breach of trust could be why the Perth Mint and West Australian government are still facing calls for a further investigation into these matters. Now, there will likely be ongoing controversy about the Perth Mint’s gold and processes. And you may hear more about a royal investigation commission into the matter because of the government’s relationship to the mint. But that shouldn’t stop you from buying gold. [Forget tech, crypto, bonds, and treasuries – buy these instead]( As I explained [yesterday]( gold is a great hedge against financial uncertainty. More specifically, gold is a protector of wealth against the Fed’s reckless money printing. During economic crises, like [we saw recently with the U.S. banking crisis]( the Fed will save the banks. When push comes to shove, the Fed will print more money, no matter what that does to inflation. And as long as the Fed is set on manufacturing money to lift Wall Street and the banks, then investors must consider safe haven assets to protect their wealth. Gold is a centuries-old safe haven asset. And holding physical gold bullion is a great strategy for gold investing. It allows you to see, touch, and feel your investment, in a way that owning a share of a mining company, digital gold, or even an exchange-traded fund (ETF) doesn’t afford you directly. And if you take anything away from the Perth Mint headlines, it’s that you always want to do your research before you buy physical gold. With that, let me give you some of my top tips... Recommended Link [We’ve got what you need to profit through this latest financial crisis]( [image]( From 1990 to 2010 – when he was actively running hedge funds – this market wizard [never had a single losing year.]( And not only did he manage to turn a profit during the 2008 global financial crisis… 2008 was his fund’s best year. It made $95 million for its clients. So, if you’re looking for a new strategy to make big gains this year… after we’ve seen more banks collapse and volatility shoot up… Larry Benedict has come forward to share his secret to making millions. And how you can use it too. [Watch his video here.]( -- A Guide for Finding Real Gold First, the most important thing you can do when buying physical gold is checking if it’s authenticated by official sources. You don’t want to buy gold only to discover it isn’t worth as much as you thought. So I recommend buying pure gold coins from mints. That’s because mints usually provide an authenticated statement validating the purity of that gold. The U.S. Mint, for example, provides a Certificate of Authenticity (COA) with most of its coins. [Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast]( These COAs can differ from mint to mint, but they usually include a seal of some sort. In the case of the U.S. Mint, this can be an official U.S. Treasury seal and/or the United States Mint seal. But you don’t even have to go to a mint to buy their coins. You can buy coins online and get them mailed to you with an authentication slip. You can also purchase physical gold through online dealers. Two of the larger, more well-known online dealers are [APMEX]( or [JM Bullion](. And that brings me to the different forms of gold you can buy, and where you can get them from… Recommended Link [The #1 stock for 2023]( [image]( Investment expert Brad Thomas knows how to pick stocks. He bought Starbucks back in 2006… He bought Nike in 2003… And he and his team delivered a near-perfect track record from March 2020 to September 2022. Now, for a limited time, he’s revealing his #1 stock for 2023… [Get its name here.]( -- The Two Main Forms of Gold, and Where to Buy Them There are two main forms of physical gold: coins and bars. Both vary in size. The size of gold bars can range from 1 gram to 1 kilogram. Coins, on the other hand, tend to be smaller. You can find ones that have decorative meaning. They’re also easy to store at home. As for the price, coins can be slightly more expensive than gold bars. That’s because their mining costs tend to be higher. Gold bars are usually priced closer to the gold spot price, with a smaller amount added for minting costs. You can also buy physical gold from a local dealer or collector. But be careful with your purchase. Before you buy any gold, make sure you’re aware of the gold’s spot price – or the price per ounce of gold in the market. That way, you’ll know you’re getting a fair price. Now, there are also two main risks to keep in mind when buying physical gold. First, you’ll need a safe place for it. Second, you’ll need some time to sell the gold for a fair price. That’s why buying gold ETFs or gold mining company shares can be another way to gain exposure to the market. Shares in these vehicles can be bought and sold quickly through your regular brokerage account. If you want to go that route, consider an ETF that holds physical gold. The SPDR Gold Shares ETF (GLD), is the one that holds the largest amount of physical gold. (Side note: Many of you have written in with concerns about GLD in the past few days. I’ll answer your questions in tomorrow’s Friday mailbag edition, so be sure to look out for that.) What I Bought at the Perth Mint As regular readers know, coins make excellent gifts and investments. They can commemorate a time, place, or special interest. They also act as wealth accumulation investments. And single coins easily fit into a suitcase! As I promised yesterday, I’ll tell you what I got at the Perth Mint… I bought an authenticated silver coin (pictured below). It’s a wedding gift for two close friends of mine. Nomi holds a silver coin (left) and a gold coin (right) at the Perth Mint So the next time you need to buy a gift for an important occasion, or to simply invest in a real asset, make sure to return to the buying guide I provided above. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. Just yesterday, the price of gold sat over $2,000 per ounce. And in a time of market uncertainty, I believe there is plenty more upside ahead… That’s why, in my Distortion Report advisory, I recommended a company set to benefit from the gold rally. It mines at one of the lowest costs among its peers. And it’s growing – both organically and through high-profile acquisitions. As I write, shares are up 13% since my recommendation two weeks ago. But as investors run to safety, I expect shares to trade at least 50% higher before the end of the year. If you’re a paid-up subscriber, [read that issue here](. If you’re not paid-up yet but want to protect your portfolio against turmoil, [go here to learn more about Distortion Report](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG Yesterday, we asked you if you own any gold assets. Chuck wrote in to tell us about what he holds… Yes, I own Sprott Physical Gold Trust (PHYS) and call options in the VanEck Gold Miners ETF (GDX). I also own a variety of well-known gold and silver coins. The U.S. once banned gold ownership but exempted collectibles including 99.9% gold coins. I don’t trust the current administration from doing that again. – Chuck W. Then, two readers expressed excitement over Nomi’s recent focus on the city of Perth and purchasing of gold. I live in Perth and am surprised you came out so far. Wish you had let us (your readers) know in advance. I could have held a nice party for you! Glad to see Perth is recognized as a world capital in mining regarding iron ore and battery materials. – Soni N. Looking forward to Nomi’s followup on the Perth, Australia article and purchase of gold. – R. L. If you are considering buying physical gold, which form would you pick? Gold bars or coins? Do you prefer owning physical gold? Or are you like Chuck, preferring to hold gold in the form of ETFs? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… [Trade ONE Stock for Life? 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