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Investing in Gold
Book

Investing in Gold

The Essential Safe Haven Investment for Every Portfolio

Jonathan Spall
McGraw-Hill, 2009

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Editorial Rating

7

Qualities

  • Applicable

Recommendation

Gold draws a great deal of comment fueled by fiery passion, and often instigates discourses based on rumor, conspiracy theories and gossip. Allow Jonathan Spall, an expert on precious metals, to disprove the lingering myths about gold with his interesting, helpful little book. While Spall’s treatise doesn’t quite carry you on a complete tour of gold's role throughout human history, it does usher you down into the mines and through the gold refiner’s fire. His ability to explain the basics of the gold trade so clearly may be based on his writing skill, but it also reflects his years of experience explaining these ideas to nonspecialists. The only math he uses involves the simple equations used to calculate gold prices. While you may already be familiar with some of Spall’s information, getAbstract recommends his broad introduction to gold to those who are interested in all facets of the prized metal, from its extraction to its sale.

Take-Aways

  • Gold is mined on five continents. Some miners presell their future finds, allowing them to unearth gold with funding from their buyers.
  • No matter the weight of a gold bar, you pay only for the fine gold it contains.
  • “Contango” is the rising future price of gold, a yield curve that traders work to exploit.

About the Author

Johnathan Spall has more than 25 years of experience with gold and associated commodities. He is currently the director of commodities at Barclays Capital, a division of Barclays Bank.

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