The Complete Guide to Investing in Gold and Precious Metals: How to Earn High Rates of Return - safely
Author
Alan Northcott
Publisher
Atlantic Publishing Group Inc.
4 Review Copies Left
As the U.S. economy struggled to recover from the worst economic crisis since the Great Depression, 2009 had citizens across the country searching for alternate investment vehicles, with many finding solace in a precious metal that has been a universal measure of wealth since early civilization gold. With the value of the metal increasing above $1,000 an ounce in late 2009, investment brokers and novices alike began reaping the benefits that came with diversifying their investments. Its value is determined by a number of factors the volume of gold held by prosperous countries, the rarity of gold as it is refined, inflation, and current market trends. In 1910, gold was worth $20 an ounce. A century later, in early 2010, the value of gold held steady at nearly $1,120 an ounce. But a quick look at the history of gold will show that the value, although seemingly intrinsic, has not always remained constant, so it is understandable that you become easily confused by the financial properties of the world s most famous precious metal. This book was written to provide the savvy investor with an essential guide to understanding how gold and precious metal investments work, and how to make the most money from your investment. You will be given a complete history of the most traded precious metals on the market, as well as how practical uses of precious metals have directly affected their value over time, and how metals like gold and silver are direct indicators of the current state of the economy. Most importantly, you will learn to recognize market trends that pinpoint the risk of inflation and the exodus from stock to precious metals that will often occur as a result. You will learn the role central banks play in setting the value of precious metals and how you can use mutual funds and futures to diversify your portfolio, without spreading yourself too thin. With the assistance of dozens of financial experts and commodities traders who have worked with gold and precious metals for decades, you will learn how you can maximize your returns and minimize your risk. For anyone looking to diversify their portfolio and protect their investments with precious metals, this book is your complete investing guide.
Reviews
Before I read this book I knew nothing about investing in gold or precious metals. My interest was spiked after seeing TV commercials offering to buy gold jewelry, regardless if it is in good shape or broken. From that I knew there must be some incentive to do so.
Investing in gold or precious metals isn't new; it's been around since early civilization. There has been a steady increase in its value butt here are also market trends which cause inflation of value. Acquiring a knowledgeable and trustworthy broker or dealer is a must. Unfortunately there are many scams that one has to wade through to find a reputable dealer. The author suggests to look for length of service, amount of accessible gold, and testimonials.
I think the most important chapter of this book is titled "But is it for You?" The author says "You have been made aware of the benefits, risks, and pitfalls of the various financial instruments discussed, and may have formed an opinion on what if any type of gold investing would suit you....So before you commit to the concept of putting everything you own in gold and riding it up for a large profit, you need to take a look at your financial situation and see to what extent you can afford to do this." He continues to provide a list of questions.
I believe this is a good book for anyone that has no or very little knowledge about investing in gold or precious metals. The writing is lay-friendly, informative and covers the basic information one should know to make a decision to do further research. It sure helped me make a decision.
Reviewed on 04/02/2011 by ReviewTheBook.com Member Irene Watson
