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The Goldwatcher
Book

The Goldwatcher

Demystifying Gold Investing

Wiley, 2008 更多详情


Editorial Rating

6

Qualities

  • Applicable

Recommendation

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 Though pockmarked with grammatical errors and a bit out of date, it offers good information on websites and references, as well as reams of charts and graphs that readers may find useful.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.

Take-Aways

  • Gold’s importance as “stateless money” depends on markets and world events, but its “magic” in popular imagination is timeless.
  • In financial crises, gold’s price tends to soar because investors see it as a safe haven.
  • Global gold supplies never diminish because gold never physically deteriorates.

About the Authors

John Katz is a financial analyst and writer based in London. Frank Holmes is CEO and chief investment officer at US Global Investors, Inc.


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