The Goldwatcher: Demystifying Gold Investing
By John Katz & Frank Holmes
Published by Wiley, June 08
The present economic outlook looks bleak. Recently we’ve seen government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from increasingly treacherous financial markets and depreciated paper currencies, investors worldwide are looking for safe havens and turning to gold.
The Goldwatcher: Demystifying Gold Investing, the new book by John Katz and Frank Holmes, explains everything you need to know in order to understand the present economic situation, as well as to invest like a professional in gold.
Gold is a sideshow 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 increasing appeal as a stateless money franchise makes great understanding essential.
Not only does The Goldwatcher, a remarkably clear and accessible book, demystify the gold price by tracing its history and placing it in the current context of twenty-first century economic realities, but it also explains when to buy gold and when gold prices do or do not make sense.
Unbiased independent analyst John Katz offers an insightful analysis of gold's role in an evolving global economy. To do 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.
The reader is also given a rare glimpse into the intricate workings of a leading gold investor:
* 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?
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.
The Goldwatcher is also supported by a blog - www.thegoldwatcher.com, which addresses news and developments affecting gold and the dollar, updates statistical information and links with sources for data and commentary.
About the authors
John Katz is an analyst, strategist and financial writer based in London. He has contributed articles to the financial press, commentated for business television and is the author of Portfolio 2001 - How to Invest in the World's Best Companies (Random House).
Frank Holmes is CEO and Chief Investment Officer at U.S. Global Investors, Inc., which manages more than $1 billion in precious metals funds and provides advisory services to international clients. He was Mining Journal's fund manager of the year in 2006, and is a prominent speaker at investment conferences and a regular commentator on financial broadcast networks. Mr Holmes has more than 30 years' in the investment field.
ISBN 978-0-470-72426-2; Hardback; £16.99/€23
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