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Book: The Goldwatcher: Demystifying Gold Investing :: Robert Kiyosaki|Books :: Book
Date: Thursday, 08 January, 2009 :: 03:30
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The Goldwatcher: Demystifying Gold Investing
List Price: USD $34.95
from USD $19.56
Product Group: book
Manufacturer: Wiley
Studio: Wiley
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Editorial Review: 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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Reviews:
Average Customer Review: 
1 of 1 people found the following review helpful:
Summary: From Doug Casey's "Big Gold" Newsletter
Date: 2008-11-26 -
Comment: "There is no doubt about why the mythical treasure at the end of the rainbow is always a pot of gold and never a few truckloads of copper, zinc, coffee or anything else. Gold is the great consolidator of value"
So begins the well-written, highly informative and useful new book "The Goldwatcher: Demystifying Gold Investing" by John Katz and Frank Holmes (foreword by Dr. Marc Faber). Part One is the work of John Katz, who is neither a gold bull nor a bear but an independent analyst. He provides a thoughtful examination of gold's history and of the metal's role in the turbulent 21st century. In Part Two, Frank Holmes offers a tour of the inner workings of U.S. Global Investors, including how they go about picking stocks and what companies he believes have the greatest potential in the current bull market.
By the time you finish, you'll be among the best-informed gold investors on the planet. It's that good.
The Goldwatcher: Demystifying Gold Investing
3 of 3 people found the following review helpful:
Summary: A must for understanding Gold as an Asset class!
Date: 2008-09-19 -
Comment: 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.
5 of 5 people found the following review helpful:
Summary: Gold in the Current Economic Environment
Date: 2008-09-03 -
Comment: 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.
3 of 3 people found the following review helpful:
Summary: From The Spectator (U.K.)
Date: 2008-08-26 -
Comment:
"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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