Precious Metals Investing For Dummies [Paperback]

Paul Mladjenovic (Author)

Book Description

Publication Date: February 5, 2008

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.

Editorial Reviews

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.

Product Details

• Paperback: 360 pages
• Publisher: For Dummies; 1 edition (February 5, 2008)
• Language: English
• ISBN-10: 0470130873
• ISBN-13: 978-0470130872
• Product Dimensions: 9.2 x 7.4 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #85,348 in Books (See Top 100 in Books)

More About the Author

Paul Mladjenovic, CFP is a national speaker and the author of "Stock Investing for Dummies", "The Unofficial Guide to Picking Stocks", "Precious Metals Investing for Dummies" and "The Job Hunter's Encyclopedia". You can find out more at www.RavingCapitalist.com and www.ProsperityNetwork.net. He is the editor of the ezine, Prosperity Alert newsletter, found at his website www.RavingCapitalist.com.

Customer Reviews

Most Helpful Customer Reviews

64 of 67 people found the following review helpful:

5.0 out of 5 stars An Excellent Resource for the Precious Metals Investor or Someone Who Wants To Be, February 27, 2008

By 

Susanna Hutcheson "Copywriting for the Discri... (Midwest U.S.A.) - See all my reviews
(TOP 500 REVIEWER)    (REAL NAME)   

Amazon Verified Purchase

This review is from: Precious Metals Investing For Dummies (Paperback)

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

28 of 28 people found the following review helpful:

5.0 out of 5 stars Scholary yet readable!, July 10, 2008

By 

Old Blue "Retired teacher" (Stuck somewhere in CA) - See all my reviews

This review is from: Precious Metals Investing For Dummies (Paperback)

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.

19 of 19 people found the following review helpful:

5.0 out of 5 stars Great start for precious metals, November 29, 2008

By 

Sandrine - See all my reviews

This review is from: Precious Metals Investing For Dummies (Paperback)

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.