Product Description

Product Details

• Amazon Sales Rank: #42693 in Books
• Published on: 2005-04-01
• Original language: English
• Number of items: 1
• Dimensions: .51" h x 5.78" w x 8.42" l, .59 pounds
• Binding: Paperback
• 182 pages

Features

• ISBN13: 9781886039728
• Condition: New
• Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

About the Author

Customer Reviews

A Must Read If You are Considering Gold....
Kosares wrote an easy to read book that you should have in your library if you own gold or are considering gold as an investment. All the basic "how to buy" information is here plus much more. For example, The chapter titled "G is For Government Debt" is a real eye opener if you want to know how the U.S. dollar got into the mess it is in today. Reading this chapter alone should give you reasons to invest in hard assets as opposed to currency based investments. Kosares is not new to the gold market. He has been writing about gold and educating consumers about this precious metal for many years. In fact, this is the second edition of his book and it appears to have been substantially updated. Bottom line - read "The ABC's" of Gold Investing" and then read it again. There is much wisdom between the covers of this book.

Good if you need convincing that gold is the way to go
Relatively short on advice but long on all the reasons why gold should be part of your portfolio. Interesting facts and figures and a very quick read based on the small size of the pages and the short length of the book. If you're already in the gold camp, you can probably do better elsewere in the advice category.

Good "all -around" information
Not being a "savy" gold investor, I wanted to find a book that would provide a good understanding of all the issues surrounding gold investments both for profitability and asset protection. This book is definitely worth the read. It is very informative in covering the history of gold and how it responds with inflation and deflation, explaining different investor objectives, and providing a great overall summary of how to go about investing in gold. This book has provided me the basic knowledge to begin my gold investing. Good book to have in your library.

Product Description

THE TRADER'S GREAT GOLD RUSH

"James DiGeorgia is the best expert I know when it comes to investing in gold bullion. ¿This is not your father's gold market anymore, so getting the right information from the right people is key to helping you succeed as a gold investor."—Tom Mcclellan, Editor, The McClellan Market Report, ¿#1 Ranked Ten-Year Gold Timer (1999-2008)¿

"James DiGeorgia is a stalwart of precious metals. He draws on a lifetime of interest and commitment in The Trader's Great Gold Rush to inform you about 'tricks of the trade' that will come in handy as you seek to protect yourself from the looming solvency crisis of the U.S. government. This is a good book. But you have to read it now. Don't wait for the movie."—JAMES DAVIDSON, founder, Agora, Inc., and Editor, Strategic Investment

Throughout history, gold has been a safe haven in times of political and economic crisis. Right now, gold's fundamentals are remarkably strong, says veteran commodities market analyst James DiGeorgia. In fact, gold is poised to boom—reaching, DiGeorgia predicts, as high as $2,500.

From the fundamentals of investing in the gold market to the 17 common pitfalls to avoid, The Trader's Great Gold Rush tells you everything you need to know to take advantage of the coming surge in gold.

This is the perfect time to invest in gold.
And this book will show you how.

Product Details

• Amazon Sales Rank: #906759 in Books
• Published on: 2009-10-05
• Original language: English
• Number of items: 1
• Dimensions: 1.07" h x 6.34" w x 9.30" l, 1.05 pounds
• Binding: Hardcover
• 288 pages

From the Inside Flap
Will gold hit $2,500?

In a time when most investments are crumbling into dust, one investment still holds its luster: gold.

In The Trader's Great Gold Rush, veteran commodities market analyst James DiGeorgia explains why gold is poised to boom—possibly going as high as $2,500—and explains what you need to know in order to take advantage of the coming surge in gold.

Gold's fundamentals are strong, even after years of rising prices, DiGeorgia argues. Gold is a com-modity, with inherent value immune from government depreciation, corporate misbehavior, wartime disruptions, whatever. Because gold is priced in dollars, its price will rise as the dollar weakens. And, time after time throughout history, gold has been a safe haven in times of political and economic crisis. Even during the Great Depression, when everything else deflated, gold went up by over 88 percent! With supply declining and demand rising, this is a perfect time to invest in gold, says DiGeorgia.

In straightforward language supported by solid research, he covers everything regarding the current bull market in gold, from basic supply and demand fundamentals and mining to the rise of gold ETFs in the market.

You'll learn how to capitalize on current conditions through the use of technical analysis and how to use trends and moving average lines to decide when to enter and exit the gold market. You'll also explore diverse ways to invest and trade in gold stocks; domestic, foreign, and even ancient gold coins; gold mutual funds; and to intelligently hedge and speculate with futures and options in the gold market.

One doesn't just jump into gold blithely. In fact, this book outlines seventeen of the greatest pitfalls that investors and traders face in the gold market—and details just how you can avoid them.

So will gold go to $2,500? Very likely, says DiGeorgia. And you can be there when it does, with the help of this guide.

About the Author
James Digeorgia is the founder and publisher of the Gold & Energy Advisor (GoldandEnergyAdvisor.com) newsletter. He also edits and publishes SuperstockInvestor.com and GoldandEnergyOptionsTrader.com. DiGeorgia is often quoted in the media, including the New York Times, Time magazine, and Barron's, and is a frequent guest on PBS (Wealth & Wisdom) and Fox as a market analyst. He has self-published three books: The New Bull Market in Gold, The Rise of Gold in the 21st Century, and The Global War for Oil.

Customer Reviews

The BEST book on buying/sell gold out there!!!
So why on earth did I give it 3 stars, lets take a look at some of the other books out there first to see why it's the best. The two main books out there are listed in bundle of books customers usually buy together, "GoldWatcher" and "RichDad adviser series"..........Gold Watcher was a long boring book that referenced everything under the sun, but references died upon talking about investing. It didn't give you any follow up research in technical or fundamental analysis how too type stuff. The authors left out so much information on subjects because you could tell they were making serious money off clients who were using thier services(which they shamelessly plugged the entire book), and didn't want to actually tell people how to invest. And the RichDad series book is just an intro to the world of gold, everyone should read it, but it doesn't even begin to teach you anything about investing solo style.

And finally we get to this book, the author seems to have covered everything he could think of, what to buy, what not to buy, when to sell, how to sell, formulas, yada yada.........He did the best he could. But the problem is.........

1. He really needs to learn how to reference stuff, I wanted to follow up on so much of his stuff but just couldn't, because if he didn't have to legally reference something, then he didn't.

2. His technical analysis course was a good try, but seriously though, dedicating a couple pages to a subject that entire books are written on is just a waste. He gets marked down for trying to do it himself and not referring his readers to more talented easier to understand books.

3. There are several subjects of study that he mentions but never actually expands on, and never gives advice on where to look for research.

So these are my problems I have with the book. In a room full of zero's this ones the 6 out of 10. The book gets major credit for truly being the only one stop shop book around for gold, because while others claim to do the same, they simply don't. You could read this book and this one alone and not loose your shirt, and even make money on the process. But really in order to be a good independent investor you need to read books in straight fundamentals, technical analysis, and on. Hard work really is the key, and not just one book.

Product Description

"Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you." --Michael Maloney, precious metals investment expert and historian; founder and principal, Gold & Silver, Inc.

The Advanced Guide to Investing Gold and Silver tells readers:

• The essential history of economic cycles that make gold and silver the ultimate monetary standard.
  
• How the U.S. government is driving inflation by diluting our money supply and weakening our purchasing power
  
• Why precious metals are one of the most profitable, easiest, and safest investments you can make
  
• Where, when, and how to invest your money and realize maximum returns, no matter what the economy's state
  
• Essential advice on avoiding the middleman and taking control of your financial destiny by making your investments directly.

Product Details

• Amazon Sales Rank: #3536 in Books
• Published on: 2008-08-28
• Original language: English
• Number of items: 1
• Dimensions: 9.00" h x .63" w x 6.00" l, .64 pounds
• Binding: Paperback
• 240 pages

Features

• ISBN13: 9780446510998
• Condition: New
• Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

About the Author

Michael Maloney is a precious metals investment expert and historian and the founder and principal of Gold & Silver, Inc. He serves as an advisor on Robert Kiyosaki's Rich Dad team and speaks frequently on commodities investing.

Customer Reviews

The time is NOW for gold and silver investing!!!!
Mike has made a compelling case that sooner, rather than later, the US Dollar is going to tank and everyone will be running to gold and silver to protect their wealth. The good news is that NOW is the time to get in on both silver and gold- before the HERD of people start rushing in. Mike states that this opportunity coming could be the best investment in history.
The book starts off with the history of other empires that have used a fiat currency and how they have failed 100% of the time. The United States has been on this path since Aug, 1971 when President Nixon took us off the gold standard. There are a lot of interesting facts in this book but not too many to bore the reader. He explains that gold and silver will revalue themselves periodically in relation to the amount of paper currency printed. For example, the M3 money supply (total printed money in circulation) was ~$1.7 billion in January, 1980 when gold hit $850 an ounce. Today, the M3 is estimated at $14 trillion, a 7.7 times increase in the amount of currency. With that said, gold, when it adjusts, should be $6,118.00 an ounce...
Mike goes into today's current economic climate, then predictions for "tomorrow". He concludes with the final section "How to Invest in Precious Metals".
I recommend this book if you are unsure about silver and gold relating to investing. There's so much documentation and research behind it.

I've never read an investment book with this much passion put into it!!!

Some good advice and several serious errors
I listened to this as an audiobook because I am considering investing in precious metals and wanted to learn how to do it. This provides a lot of helpful "how to" information (including on a lot of the stuff that I had questions about, like where and how to store your precious metals once you have them) and some excellent advice on common pitfalls (example: those magazine offers that seem to show up all the time are usually a bad deal).

The "why" part of the book was a lot more mixed. While a lot of it is generally sound, some of it is really misleading. For example, in places he seems to imply that gold and silver always go up (they don't) and carry virtually no risk (actually, they can be really volatile).

There are a few significant points he doesn't cover. (As a quick caveat, the audiobook is abridged, so maybe a few of the things omitted in the audiobook were addressed in the full book; also, I will sometimes use "inflation" to mean "an increase in general prices" even though I know this isn't strictly accurate).

One of the most glaring omissions is a treatment of the actual price history of gold and silver. Specifically, if gold and silver are always such a reliable hedge against inflation, why is the correlation between inflation and the price of gold so unpredictable? Yeah, yeah, I've heard all the arguments about how the CPI is rigged (in fact, the author argues that in this book), and it probably is. But that still doesn't solve the problem. Consider:
1. Between 1980 and 2001, gold fell in price from $850 an ounce to $256 an ounce even though the CPI doubled; in order to maintain that gold had any correlation to this inflation, one would have to say that the government claimed we had substantial inflation while we were actually experiencing massive deflation.

Anyone who thinks we experienced that kind of deflation during almost all of Greenspan's tenure should have their head examined. A quick look at money supply data shows that the money supply did indeed steadily increase throughout this entire period, as it has almost every year since the Fed was created.
2. Gold went from $105 in 1976 to $850 in 1980. CPI was up by 28%.
3. Gold went from $256 in 2001 to $1001 in March 2008. CPI was up by about 20%.
As these facts show, even if CPI is rigged, there still isn't any reliable correlation between inflation and gold.

At this point it is worth asking exactly how the CPI is supposed to be rigged - does it overestimate inflation or underestimate it? In order to claim an infallible correlation between gold and inflation, one would have to claim that the CPI grossly understated inflation between 1976 and 1980, said there was inflation when there was actually significant deflation between 1980 and 2001, and then went back to grossly understating inflation again between 2001 and 2008.

Most people who claim that the CPI is rigged claim that it understates the actual amount of inflation (many claim that the "real" number is as much as two times higher), but if that's true it only makes the period between 1980 and 2001 an even greater exception to the supposedly infallible correlation between gold and inflation as this would mean that the nominal price of gold fell by more than two thirds while the rest of prices quadrupled.

The reason I spend so much time on this point is that it's such a serious flaw in his argument. Anyone who attempts to predict where the price of gold is headed ought to explain the price history; although he does admit that gold can be overvalued and undervalued in his treatment of cycles, I didn't find any systematic treatment of gold's actual price history. Furthermore, as I mentioned earlier, people reading this book can at times get the impression that precious metals can't go down or that they're always good proxies for inflation when in reality neither is the case.

Another serious error in the book is his claim that gold and silver are good investments during deflation. If gold reliably goes up in price during a period of inflation, it would go down in price during a period of deflation for exactly the same reason. Thus, either gold isn't a good hedge against inflation or it's a bad investment during a period of deflation; in either case, the book is wrong.

With that said, while I believe this is a serious omission that reduces the strength of his argument, I don't think this means we have to throw out his entire case for buying gold and silver. I believe you can still make a good case for buying gold and silver.

One final error: his claims that the price of gold is being manipulated by central banks and the derivatives market is essentially creating a "phantom supply" of precious metals (in other words, more gold and silver are sold on the derivatives market than actually exist). I'm not sure if he's correct on this point (I'm still researching that to see if it's true); however, if he is correct, it would seem to undermine a substantial part of his argument. If central banks have substantially manipulated the price of gold and silver in the past, they can continue to do so in the future, especially given that he argues that they have already engaged in price manipulation for a long time. So, why does this refute his argument? If central banks can dramatically manipulate the price of precious metals whenever they feel like it, there is never any guarantee that the price of precious metals has anything to do with its actual fundamentals. Thus, good fundamentals alone could never guarantee a good ROI - in other words, you could never know if gold or silver were going to be good investments because you could never know how central banks were going to manipulate the price.

In spite of several very serious errors and omissions, this book is worthwhile reading overall, especially in the "how" part, but don't uncritically accept all his claims.

This is the book I've been searching for.
I became interested in precious metals and economics about a year ago and have been reading and watching everything I could get my hands on. After a while you begin to see that there is a lot of common ground shared between most of the material out there and being new to the "Rich Dad" stuff I wasn't sure what to expect from Mike Maloney (though I did like the series of interviews he did with industry analysis professionals). I was very impressed with the amount of original research and information I found in this book - it covers all the bases from the historical trends and cycles, to the fundamentals of economics and everything in between. Of all the books I've read on the subject this year (about 10 so far) this is by far the best overall coverage and was the most fun to read.

In recent years, metals have been among the safest and most lucrative investments around, but they are not entirely risk free. Before you begin investing or trading in metals, you need authoritative information and proven investment strategies. You need Precious Metal Investing For Dummies.

This straightforward guide eases you into the precious metals market with sound advice on trading and owning these profitable investments, including gold, silver, platinum, and uranium, as well as high-demand base metals such as zinc and copper. You’ll learn how to research their market performance and choose among an array of proven trading plans and strategies. Plus, you’ll get savvy advice on how to choose a broker, buy stocks and futures that involve metals, maximize your investment return, and minimize your risk. Discover how to:

• Evaluate the different metals
• Add metals to your portfolio
• Decide whether you’re an investor or a trader
• Identify your metal-investment goals
• Weigh the risks and benefits of metals investing
• Buy physical metals
• Use technical analysis to evaluate opportunities
• Make long-term investments in precious metals
• Diversify your metals investments
• Analyze base-metals companies
• Purchase numismatic coins
• Add metals to your mutual fund or ETF portfolio
• Understand how politics effects metals prices

Metals can be an important and valuable addition to any investment portfolio or retirement plan. Make the most out of your investment with Precious Metal Investing For Dummies.

Product Details

• Amazon Sales Rank: #81663 in Books
• Published on: 2008-02-05
• Original language: English
• Number of items: 1
• Binding: Paperback
• 360 pages

Features

• ISBN13: 9780470130872
• Condition: New
• Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

From the Back Cover
Features proven trading plans and strategies

The fun and easy way to purchase and trade metal to strengthen your portfolio

Want to join the lucrative precious metals market? This straightforward guide gives you sound advice on trading as well as owning these profitable investments — from gold, silver, and platinum to uranium, zinc, and copper. You'll research their performance and choose your trading approach. Plus, you'll see how to find a broker, buy stocks and futures that involve metals, and minimize your risk.

Discover how to:

• Evaluate the different metals

• Add metals to your portfolio

• Weigh the benefits and risks

• Buy physical metals

• Use technical analysis

• Use precious metals for long-term investing

About the Author
Paul Mladjenovic is the owner of Prosperity Network and www.Super MoneyLinks.com. He is also the author of Stock Investing For Dummies, 2nd Edition.

Customer Reviews

An Excellent Resource for the Precious Metals Investor or Someone Who Wants To Be
This is one of the best and most complete books on precious metals investing that I've read. It is great for the new investor with little or no knowledge on the subject or the more seasoned investor who has at least some limited experience. It's certainly not for the very experienced investor in precious metals. It's not that advanced. As it says, it's "A reference for the rest of us."

The book covers all sorts of PM investing, including mutual funds, ETFs, options, futures and physical holding. It gives the advantages and disadvantages of each and makes suggestions for several types of investors.

It also talks about the reporting of each type of bullion and touches on the IRS rulings and your responsibility when selling. It talks about the privacy issue and what type of bullion to buy to provide you with the greatest privacy.

There are also a number of wonderful resources listed in several chapters. I found a number of these resources extremely useful.

The author is a professional. He has no vested interest in selling gold or silver or other metals. It also talks to you about selling --- something many books fail to do. The author also discusses technical analysis and other ways to analyze a PM investment.

I highly recommend this book to anyone interested in investing in precious metals at any level. It talks about all forms of metals, not just gold.

-Susanna K. Hutcheson

Scholary yet readable!
This work by Paul Mladjenovic is an excellent contribution to the Dummies series. Rather than trying to entertain the reader which some Dummies authors try to do, the author writes in a serious yet comprehensible style. True to the title, the author gives dozens and dozens of websites helpful in educating oneself and in determining where to invest. The twenty-four chapters, Diversifying with Metals, The Beauty and Benefits of Metals, Discovering the Secret of Silver, Buying Metals Direct, etc. all add another dimension to the world of investing by oneself in precious metals. The work is slow-reading due to all the details but never boring or cumbersome.

Great start for precious metals
If you are just getting into precious metals, then this is the book for you. The first two things this Dummies book covers are the benefits and the risks of precious metals. Then, it covers the basics from investing, speculating, or trading. Mladjenovic's given you tips and hints that will help you understand what to do, even if you don't even know a thing about finance. (Because, I for one hardly knew anything about investing until after I read this book!) Not only does it include the basics on your gold and silver, but it also includes a chapter on uranium and base metals (e.g. copper). Mladjenovic does a great job of telling you how and why the market works. Plus, this book is a good buy anyway since precious metals are always highly valued in the world; they are a finite resource, and they are never worth zero!

I did not read the chapters on mining stocks, futures, and options. They're a bit too risky for me at the moment, but the bullion and the numismatics sections gave excellent examples and covered the basics very well. The main disappointment I had was the chapter on platinum and palladium. Compared to gold, silver, and uranium, there simply was not enough information that covered the basis of both elements. Only a few words on past market performance were mentioned. I was expecting a little more on platinum because it is the rarest metal on Earth. The websites given were also okay --good enough to point you in a certain direction but sometimes too vague.

Product Description

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.

Product Details

• Amazon Sales Rank: #509913 in Books
• Published on: 2008-08-04
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 352 pages

Features

• ISBN13: 9780470724262
• Condition: New
• Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

Review
"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)

From the Inside Flap
In this remarkably clear and accessible book, authors John Katz and Frank Holmes explain everything the independent investor needs to know in order to invest like a professional.

Presented in two parts, Part I demystifies the gold price by tracing its history and placing it in the current context of twenty-first century economic realities, explaining when to buy gold and when gold prices do or don't make sense. As an unbiased independent analyst John Katz is neither a gold bull nor a bear - rather, he offers an insightful analysis of gold's role in an evolving global economy. In doing that, he pulls together and sometimes pulls apart the arguments and assessments of leading commentators from money management, investment banking, academia, and the financial media.

Part II gives the reader a rare glimpse into the intricate workings of a leading gold investor. Frank Holmes is one of the world's most authoritative voices on the yellow metal, and an award winning fund manager. By opening a window into his company, U.S. Global Investors, Holmes provides an insider's vantage point to examine the many opportunities and challenges facing gold investors. Some of the nuggets from Holmes include:

• Here comes China - both as a gold consumer and gold producer
• Watch oil and the dollar to understand gold as an investment
• Bullion as a value investment and gold equities as a growth investment
• Return on capital as the best yardstick to use when measuring a gold-mining stock
• Think of gold as portfolio insurance, not as a way to get rich

From the Back Cover
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.

Customer Reviews

The third book you should read on gold..........
Sorry all who thought this was a spectacular book. It just wasn't. Essential yes, there are from what I gather three essential books to read out there, but this one just isn't all you need to know. Here is why.......

To start, the first part of the book was magnificent, never in any other piece of work have I gone through more in depth information, referencing absolutely everything so I can go over what the author went over, absolutely beautiful. When I was done with this first 206 page written by John Katz I felt like I was connected to the gold market and could at least find where all the news is reported, this really is two books in one. John Katz doesn't really explain much on how to invest, but his thoroughness left me being a happy camper.

This brings us to Frank Holmes, I'm sorry people, but when you spend 62 pages(209-261) not referencing any investment advice, not really explaining entry exit advice, not telling people where to go to find in depth ways to perform fundamental analysis on mine companies deciding to do it your self, and then go on to shameless plug your services telling people to fork their money over to you and you'll take care of it! I was not a happy camper at this point.

So as I read in another review that you should only read the last part of the book, I'd say skip it and move on to another book. Most gold investing books are not that good anyway, but if you want to see what somebody who actually wants you to know how to invest has to say, then read The Traders Great Gold Rush, not a perfect book, but you can tell he puts the effort to really inform you.

Here are the 3 books I recommend and the order to read them in......

1. Rich Dad's Advisors: Guide to Investing In Gold and Silver.....Just a very good intro book nothing more.
2. The Trader's Great Gold Rush......Goes over REAL ways to invest.
3. GoldWatcher.....It is unique in the way it is able to describe the world of gold with more depth than any other book I have come across.

Gold in the Current Economic Environment
Having spent significant time in the past three years studying and thinking about gold as an investment, I can say unequivocally that the first 10 Chapters of this book are the best 'balanced and unbiased' summary that I have come across of the things I consider topically relevant. I consider it 'must reading' and recommend it to anyone interested in gold and the gold market.

A must for understanding Gold as an Asset class!
This book offers invaluable insight into Gold as an asset class. Its useful both for investors and investment advisors. It details the history of gold, its role in the Great depression in 1929 and various other eye opening facts. Also the book covers gold mining companies. The best part is that the authors give an independent view of this asset class and leave the judgement to the reader whether to be bullish or bearish about this precious metal.

Product Description

This book shows traders how to use Intermarket Analysis to forecast future equity, index and commodity price movements. It introduces custom indicators and Intermarket based systems using basic mathematical and statistical principles to help traders develop and design Intermarket trading systems appropriate for long term, intermediate, short term and day trading. The metastock code for all systems is included and the testing method is described thoroughly. All systems are back tested using at least 200 bars of historical data and compared using various profitability and drawdown metrics.

Product Details

• Amazon Sales Rank: #126050 in Books
• Published on: 2009-02-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 430 pages

From the Inside Flap
Intermarket Trading Strategies explains how markets interact and influence each other and how intermarket analysis can be used to forecast future equity and index price movements by introducing custom indicators and intermarket trading systems.

Single market technical analysis indicators were designed in the 80s for national markets, and are no longer sufficient for analyzing the global market dynamics. This book reveals how you can combine intermarket with classic technical techniques to develop profitable hybrid systems or improve on existing ones.

Divided into two parts, part one begins with a discussion of the basic principles of Intermarket analysis and the benefits of portfolio diversification by including uncorrelated assets such as commodities and foreign currencies. It goes on to explain the concept of correlation and the basic assumptions used before demonstrating the linear regression method used for predicting one security based on its correlation with related markets. A variety of custom intermarket indicators are presented and explanations are given as to how each one can be used within the framework of a trading system, including eight new custom Intermarket indicators published for the first time in this book.

Part two uses the concepts presented in part one to develop intermarket trading systems to trade popular markets like US and European stock Index futures, FOREX and Commodities. Techniques for developing a trading system and evaluating the test results are presented along with suggested methods of avoiding curve fitting and the illusion of excellence created by optimization. Stop-loss and other money management techniques are also discussed. Finally a brief introduction to neural network systems explains the basic principles of this alternative approach for designing trading systems.

A total of twenty nine conventional and five neural network trading systems, appropriate for long and short term and even day trading, are provided to trade Gold, the S&P ETF (SPY), S&P e-mini futures, DAX and FTSE futures, Gold and Oil stocks, Commodities, Sector and International ETF, the Yen and the Euro. Finally a dynamic asset allocation timing strategy which would systematically keep the portfolio moving into the strongest asset classes or sectors, enhancing the return characteristics while decreasing the overall volatility, is also included. The metastock code for all systems is provided in order to test and paper trade the system on more recent data before you move from the computer to the trading desk.

From the Back Cover
“When I started my research on intermarket analysis in the early 90s, there were only very few analysts active in this field. John Murphy was the first to introduce Intermarket relationships and I was the first to publish mechanical trading strategies using them. Others have followed up over the years but with very little original research. This is the first book I have seen in years with new material, ideas and trading systems that helps advance the field of Intermarket analysis. I have read many books and articles during my career and I think that this book is one of the best on the subject and it will become a great reference for applications of Intermarket analysis and especially trading system development in today’s volatile markets.”

Murray Ruggiero, Vice President of Research and Development of TradersStudio software, contributing editor of Futures Magazine and author of several books on trading systems and Intermarket analysis

“It is clear from reading Intermarket Trading Strategies that Markos Katsanos has combined technical competence with common sense to bring a breath of fresh air to active investors. His examples are timely and well thought out, reflecting an awareness of our high-risk environment. He understands and explains the important principles underlying successful trading and offers his solutions. I can highly recommend it.”

Perry Kaufman, trader and author of The New Trading Systems and Methods

“Before designing a trading system, it is absolutely necessary to gain a deep understanding of the markets. Markos Katsanos does an excellent job of explaining the relationships between different markets through the use of statistical tools, which he does in clear and simple language. Readers of this notable book will be better able to create trading systems that can conquer any market.”

Jayanthi Gopalakrishnan, editor of Technical Analysis of Stocks & Commodities magazine

About the Author
Markos Katsanos is an expert in technical analysis and trading systems and inventor of two new technical indicators. In showing the relationship of volume to price movement, his Finite Volume Element (FVE) and Volume Flow (VFI) Indicators have become popular tools used by traders and the code was incorporated in almost all Technical Analysis and trading software. He has a Bachelors degree in Civil Engineering and a Masters degree in Structural Engineering, and is a member of the Technical Securities Analysts Association of San Francisco (TSAASF). He has traded stocks and commodities since 1987, starting with fundamental analysis. With his engineering training he quickly gravitated to technical analysis of the market. With more than two decades of experience in computerized analysis of stocks and futures, he has spent years refining his methods to come up with some of the most profitable strategies for choosing trades. He specializes in mechanical systems and has constructed dozens of systems for his clients and his own use. Markos Katsanos has contributed several articles to Technical Analysis of Stocks & Commodities and other financial publications. He is currently in the process of setting up his own financial consulting company.

Customer Reviews

A serious book for ever serious trader !
The Intermarket analysis is poorly covered in current literature, with few books of historical data and boring details.
Instead in this book the Author, who has mastered the Intermarket analysis, shares discoveries on market correlations, and helps reader to develop indicators and strategies for Etf, Futures and Stocks.
This book makes easier to understand today markets, and I suggest it for intraday and both long and short term trading. It is not for fiction traders who bet on markets direction, but for people really trading their own accounts, studying a lot of technical analysis and pondering experts ideas.
The book is written in plain English, contains useful info on international markets, and a lot of MetaStock (MS) codes to help users to design (or improving their) trading systems, even you aren't the best programmer. Users of other technical software can easily develop their trading strategies, because in the Appendix there are the MS formulas and Test Specifications for all systems.
Reading this book grow up your fever to go to your pc for studying the correlations Author disclosed, and training with his trading strategies !

Minus : discussion on fuzzy logic and genetic algorithms are very introductory (but these are very specific topics). Author limited his Intermarket analysis to major markets, and not all exchange products are covered.

Plus : the best book on the subject I ever red : the Intermarket concepts behind trading ideas are well explained. Trading strategies are deeply tested. Author insights help to really make money in today markets. Good value for price : many systems described would cost hundred dollars to buy !

A must read for every serious trader.
This book is a must read for every serious trader. It is an original work and a very serious method to clarify intermarket relationships, especially in volatile markts, like these, where even seasoned traders start to doubt their abilities to navigate through them. What I like about it, is it's scientific approach, using vast amounts of data to prove it. A very helpful introduction makes it easier to follow the rest of the book. Excellent work.

Comprehensive and practical approaches - great book
Markets are interconnected. Typically, what is good for stocks is bad for bonds. What is bad for U.S. equities is rarely ever good for German stocks. Usually what is good for gold is bad for the dollar. Understanding these relationships and how you can use them in your trading and investing is the essence of Mr Katsanos' book.

The most important aspect of the book for me as a retail trader and investor: Traditional technical analysis is severely limited to security price and volume relationships alone. Intermarket analysis adds a second dimension that is much more grounded in statistics and logic. Mr Katsonos does a great job in proving and demonstrating this point with detailed analysis and extensive test cases.

Basic knowledge of statistical analysis helps, but the author methodically walks through commodity - currency - stock - bond correlation analyses and the derivation of new trading indicators. And then he demonstrates their use in multiple well documented test cases.

The author offers a pragmatic, practical approach that can be readily implemented by retail traders. Reading the book is time well spent.

Product Description

Gold! Gold! A beginners handbook and recreational guide: How & Where to prospect for Gold! reveals everything you will need to know to start your search for this most precious metal! Beginning with an historical overview and geological background, Gold! Gold! gives the reader a thorough understanding of WHY gold is WHERE it is and HOW you can recover it. Seven profusely illustrated chapters from both 19th and 21st century resources outline and instruct on all popular oldtime and modern recovery methods from panning, sluicing, dredging through the use of metal detectors. Gold panning to nugget hunting can be enjoyed by folks and families of all ages and with the historic high price of gold in the world market, Gold! Gold! will show you how to sucessfully pursue and profit from this exciting activity.

Product Details

• Amazon Sales Rank: #75249 in Books
• Published on: 2006-01-01
• Original language: English
• Number of items: 1
• Dimensions: .44" h x 6.04" w x 8.99" l, .50 pounds
• Binding: Paperback
• 144 pages

Review
"How can you go wrong?...the cost of the book is a small price to pay for a dream of a lifetime." --West Coast Writers Guild

"Was one of your New Year's resolutions to become very, very rich? Ours was, so when Gold! Gold! came into our possession, we were pleased indeed...novice prospectors will find this a valuable guide...we're hooked." --San Francisco Chronicle

"...this book tells the best ways to make prospecting pay off." --Field & Stream magazine

About the Author
From his home base in Northern California, Joe Petralia has explored, propected, camped, rafted and flyfished across the United States from Alaska down to the Baja. He has demonstrated his prospecting techniques on TV's ;Two on the Town; and holds several copyrights and registered trademarks on proprietary products that he has brought to the recreational marketplace. He is currently finishing up a Western novel set in the 1870's and still actively pursues his main advocations of prospecting for gold.

Customer Reviews

Good beginning Gold Panning Book
The real gem of this book for the amatuer Gold Panner/Sluicer is how to "read" a river to pick the best place to start working instead of wasting fruitless months like I did panning in the wrong places and finding lots of black sand, but no "color."

Other than that, the book is mainly a historical narrative of the Gold Rush in California with a brief introduction on one of the techniques for using a gold pan.

A good field guide
A good introduction to recreational gold panning and a quick read. It inspired me to buy a crevice tool and do some sniping which turned out pretty well for me the first time out! I would have liked a bit more on how to clean up black sand and or how to smelt/purify gold, but then I am a bit of a science geek.

Fun and informative!
Don't be fooled by the reviewer who (inadvertently?) gave this book zero stars. It is packed with great entry-level information on gold prospecting. Bravo Mr. Petralia!

Product Description

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Product Details

• Published on: 2010-10-27
• Format: Kindle eBook