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Sto caricando le informazioni... Investing in Gold: The Essential Safe Haven Investment for Every Portfoliodi Jonathan Spall
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Can you afford not to buy gold? As many investors know, gold is a "safe-haven" asset that can actually increase in value during stock market slides and times of recession. But what else do you really know about this commodity? Are you taking full advantage of it? Do you know how to work it into your overall investment strategy? This detailed tutorial provides you with a comprehensive understanding of gold, from mine to market. Jonathan Spall, a 25-year veteran of the metals market, explains everything you'll need to know for making gold a profitable part of your investment strategy. Investing in Gold gives you an inside look at how the precious metal is mined, refined, traded, and priced, along with valuable insight into gold's unique position in the marketplace. Spall explores such topics as: Simple and complex gold trading processes The pivotal role central banks play in the gold market Gold exchange traded funds (ETFs) How spot gold is traded Why gold mining companies have traditionally hedged and why they no longer do so Strategies for investing in the retail market Spall provides an extensive glossary of terms you'll need to know, and he debunks various myths regarding this market, including the Fed's supposed scheme to keep gold prices artificially low during the 1990s. The effects of global economic growth, the weakened dollar, the credit crunch, and the recent creation of enormous funds each affect the gold market; put them together and they add up to potential profits gold investors have never before dreamed of. Gold is a surprisingly small market. When you learn how to navigate it, the potential for excellent rewards becomes evident. Non sono state trovate descrizioni di biblioteche |
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![]() GeneriSistema Decimale Melvil (DDC)332.644241Social sciences Economics Finance Investing CommoditiesClassificazione LCVotoMedia:![]()
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Indeed, it's on the strength of that excellent electronic publication (highly recommended if you can get on the mailing list) that I got to know him: It's fascinating and informative but most of all hysterically funny and decidedly un-corporatised overview of the markets (all the more credit to Barclays Capital for sanctioning it) from an excellent fellow with long experience of the markets who happens to be sitting in the front line as it happens. As you can probably imagine has been essential, if excruciating, reading over the last eighteen months as the markets have ritually disemboweled themselves.
No better a time, therefore, to be bringing out a publication extolling the virtues of the traditional last bastion of safety in an uncertain world, gold. Since the abandonment of the gold standard oft dismissed as a fossilised anachronism, in these days of seemingly uniform cratering across asset classes gold, like Keynes, is staging a bit of a revival. Even hedge funds - those that are left, that is - are piling in. And gold is what Jon Spall knows best. He's been in the market for a quarter of a century, and this book distills that learning, and the sort of context that you don't usually get in a business book - there's much learning here on mining techniques, hedging, transport and the history of the market - and with the sort of jaunty tone that Commodity Comment faithful will enjoy - sample excerpt: "the task of explaining the many properties ascribed to gold to an alien would not be easy" - though consciously toned down for sober, old economy, publication. If I had a criticism it would be just that - it doesn't quite give you the full flavour of Jon Spall in all his fairy-at-the-bottom-of-the-garden-shooting glory, but that's very definitely a minor niggle. As the book develops the level of technical detail increases - there's an interesting chapter analysing the current performance of gold in the market turmoil - but the detail is never overwhelming (it hardly could be as the book weighs in at under 200 pages)
Bang up to date with the zeitgeist in including an FAQ as well as a glossary, this is as good a place as any to start if gold is what you're about. (