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The Goldwatcher: Demystifying Gold Investing | 
| Authors: John Katz, Frank Holmes
Publisher: Wiley
Category: Book
List Price: $34.95
Buy New: $19.56
You Save: $15.39 (44%)
New (17) Used (6) from $19.33
Avg. Customer Rating:  2 reviews
Sales Rank: 160179
Media: Hardcover
Number Of Items: 1
Pages: 352
Shipping Weight (lbs): 1.8
Dimensions (in): 9.7 x 6.5 x 1.3
ISBN: 0470724269
Dewey Decimal Number: 332.6328
EAN: 9780470724262
ASIN: 0470724269
Publication Date: August 4, 2008
Availability: Usually ships in 1-2 business days
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product Description
Gold is a sterile asset that yields neither interest, dividends nor rentals and costs money to hold, but its price has surged to record levels, doubling since 2001. Why? Who is buying it and what are their reasons? How is its performance linked to the condition of the world economy and, especially the health of the US dollar? And, most pressingly, how can you decide whether it represents a useful way of diversifying your portfolio, an asset you should include in your pension provisions – a good investment or an overvalued bandwagon? Goldwatcher explains the pros and cons of gold as a twenty first century investment – when investing makes sense, when prices make sense and when they don’t. The book addresses everything the independent investor needs to know about investing in gold. It addresses gold’s history as a repository of value; what drives supply and demand, why and how the US dollar and global macroeconomic factors affect gold price, how experts in the filed of money management see its prospects and when prices are reasonable. Situations are explained in which gold will be invaluable to investors as stateless money that keeps its value even in the worst of times; a niche investment with value underpinned by scarcity; an investment to include in a portfolio to spread risks; and a suitable investment to include in pension provisions. As unbiased analysts the authors are neither bulls or bears, rather they examine different scenarios that could play out in currency and financial markets, the effects they would have on investors, and what investors can do to protect themselves from adverse developments.
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| Customer Reviews:
Gold in the Current Economic Environment September 3, 2008
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.
From The Spectator (U.K.) August 26, 2008
"Katz and Holmes take over where Peter L. Bernstein's modern classic "The Power of Gold--the History of an Obsession" left off. Bernstein had the misfortune of having his biography of the so-called `barbarous relic' (a Keynes coinage now used more often ironically than not) first published in 2000 when the gold price was becalmed below $300. The price has more than tripled since then, just as the macro-economic and financial environment has gravely deteriorated. ... Permeating The Goldwatcher, in fact, is a sense of the fundamental scarcity of commodities (the impact of the demand shock from `Chindia' and the necessity of global economic rebalancing are well covered) compared to essentially unlimited financial products, most notably money itself, which can be conjured into being at the stroke of a computer keyboard. Which is surely the point behind the current mortgage and banking crisis: we have collectively lost all sense of the `sound money' that gold still represents. The credit party was undoubtedly a blast. The hangover is likely to be equally terrific. This book is particularly timely."
Tim Price
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