How the Experts Buy and Sell Gold Bullion, Gold Stocks, and Gold Coins (Hardcover)

by James E. Sinclair (Author)

Product Details

• Hardcover
• Publisher: Arlington House Publishers (1975)
• ASIN: B000NPM7R6
• Average Customer Review: 3.0 out of 5 stars See all reviews (1 customer review)
• Amazon.com Sales Rank: #3,571,087 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 9 people found the following review helpful:

3.0 out of 5 stars Gold came even before sex, December 15, 2004

By	Luc REYNAERT (Beernem, Belgium) - See all my reviews (TOP 500 REVIEWER)    (REAL NAME)

This review is from: How the experts buy and sell gold bullion, gold stocks, & gold coins

This book is a defence of the Gold Standard system, for the author sees gold as a means to restrict unlimited printing of paper money by governments.
'Gold is a monument to man's barbarity ... without some sort of mutual economic weapon ... man's inhumanity to man, man's greed, man's lust for power and fame will cause him to lie, cheat, steal, distort, and, is he a politician, to do so with a smiling face, saying it is for your own good and in the public interest.'

A return to the Gold Standard is however out of question today, alone already for the socio-economic policies it imposes (unemployment, reduction of wages).

For people still interested in investing in gold, I remind the words of H.-F. Oppenheimer, the late president of Anglo-American, the greatest producer of gold and diamonds in the world: 'People buy gold out of stupidity and diamonds out of vanity'.

Governments have been big sellers of gold lately for budget deficit reasons but also because they earn interest on their currency holdings.
Gold depreciates every year by the amount of interest people receive on their equivalent money savings.
Gold's only interest is industrial. In the long run, its price will be determined by its economic utility.

This book contains an interesting quote by Cicero adressing the Roman senate: 'The budget should be balanced, the Theasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled and the assistance to foreign lands should be curtailed less Rome becomes bankrupt.'

A partly dated book with some interesting viewpoints.