BN.com Gift Guide

Goldwatcher: Demystifying Gold Investing

Overview

Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.

Gold has long been used as money and as a store of wealth, but what's the source of its value? Why does that value sometimes rise so high ...

See more details below
Other sellers (Hardcover)
  • All (18) from $1.99   
  • New (5) from $18.08   
  • Used (13) from $1.99   

Overview

Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.

Gold has long been used as money and as a store of wealth, but what's the source of its value? Why does that value sometimes rise so high and at other times fall so low? And what do we know about gold's complex and often tumultuous past that may yield clues about how it may behave in the future?

Gold is a side show on a world financial stage dominated by the dollar. The tail can't wag the dog -gold prices are affected by changes in prospects for the dollar and not vice versa. With uncertain outcomes for the American and global economies, gold's stateless money franchise makes this book compelling reading.

"John Katz is a clear eyed independent strategist and analyst with an extraordinary ability to get to grips with subjects ranging from biotechnology via alternative energy to commodities and gold. Uniquely for a commentator on gold he has no dogmas. To assess the risks and rewards that come with owning gold he introduces opinions from an impressive range of commentators, examines different scenarios that may play out on the world economic stage and highlights situations when owning gold makes sense and when it doesn't. To complete the picture Frank Holmes's contribution to The Goldwatcher explains the risks and rewards. The Goldwatcher has been written for 21st century investors. It will be an indispensable resource for responsible people from institutional money managers to private savers - whether the gold price moves up, down, or sideways."
Patrick H. Spencer, Managing Director, Head of Institutional Sales, Robert W. Baird Limited, London

"Frank Holmes's stellar track record as a resource portfolio manager is a clear reflection of his understanding of the business, the markets and the factors that affect them. His success is as much about unearthing value as it is about creating an investment process that is religiously followed. If you want to succeed in your resource investment,this book is a must. It's all the more enjoyable because the writing style is easy-going,clear and understandable."
Pierre Lassonde, Former chairman, World Gold Council, and past president, Newmont Mining Corp

This book is also supported by The Goldwatcher blog - http://wwwthegoldwatcher.com, which addresses news and developments affecting gold and the dollar, updates statistical information and links with sources for data and commentary.

Read More Show Less

Editorial Reviews

From the Publisher
"In these troubled times, the insights could be invaluable." (City A.M. Thursday 26 June 2008)

"Katz & Holmes take over where Peter L. Bernstein's modern classic The Power of Gold left off… particularly timely." (Spectator Business July 2008)

Read More Show Less

Product Details

  • ISBN-13: 9780470724262
  • Publisher: Wiley
  • Publication date: 8/4/2008
  • Edition number: 1
  • Pages: 352
  • Sales rank: 1,040,091
  • Product dimensions: 6.80 (w) x 9.70 (h) x 1.20 (d)

Meet the Author

John Katz is an analyst, strategist and financial writer based in London. To gain experience and qualifications in the Financial Services Industry he completed the necessary exams to qualify as an approved Securities Dealer and Trader and, while working for a hedge fund in London, was accredited by the United Kingdom Regulatory Authorities. He has contributed articles to the financial press,commentated for business television and is the author of Portfolio 2001 – How to Invest in the World’s Best Companies published by Random House Business Books in 1999.

Frank Holmes is CEO and Chief Investment Officer at U.S. Global Investors,Inc., which manages more than $1 billion in precious metals funds and provides advisory services to international clients.He was Mining Journal’s fund manager of the year in 2006, and is a prominent speaker at investment conferences and a regular commentator on financial broadcast networks. Mr Holmes has more than 30 years’ in the investment field.

Read More Show Less

Table of Contents

Foreword (Dr. Marc Faber).

List of Charts and Tables.

Acknowledgements.

Part One: Demystifying the Gold Price.

1. Introduction: Why Gold?

2. The Gold Mining Industry.

3. Gold Supply and Demand.

4. The Rise and Fall of the Gold Standard.

5. The Dollar Standard and the 'Deficit without Tears'.

6. The Economic Consequences of 9/11 and George W. Bush.

7. The End of Cheap Oil, 'Chindia' and Other Tipping Points to Instability.

8. Globalisation & Global Economic Rebalancing.

9. Gold Prices: Inflation, Deflation, Booms and Busts.

10. Investing Choices.

Part Two: Gold Investing Strategies (Frank Holmes).

11. Inside U.S. Global Investors.

12. Investing in Gold Equities.

13. Gold Mining Opportunities and Threats.

Part Three: Appendix.

Notes.

Bibliography.

Webliography.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing 1 – 2 of 1 Customer Reviews
  • Posted June 30, 2011

    more from this reviewer

    Thorough and accessible introduction to the gold market

    Gold continues to cast its spell on investors, particularly in the wake of difficult and uncertain economic times. Gold market analysts John Katz and Frank Holmes seek to shed some light on this "stateless money," mining its history and technical details in order to guide curious potential investors. Published in 2008, their book predates the subsequent global financial crisis and gyrations in gold prices, but it is still spot-on with many of its predictions and comments. Though pockmarked with grammatical errors and a bit out of date, it offers good information on websites and references, as well as reams of charts and graphs that readers may find useful. getAbstract suggests this book to those wondering whether to take the gold plunge, particularly those who want an expert perspective on this valuable but volatile precious metal.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted January 25, 2010

    No text was provided for this review.

Sort by: Showing 1 – 2 of 1 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)