The Goldwatcher: Demystifying Gold Investing (Hardcover)

~ (Author), Frank Holmes (Author), Marc Faber (Foreword)
Key Phrases: global investors, investing choices, euro area, United States, Bretton Woods, South Africa (more...)

Editorial Reviews

Review

"In these troubled times, the insights could be invaluable." (City A.M. Thursday 26 June 2008)

"Katz & Holmes take over where Peter L. Bernstein's modern classic The Power of Gold left off… particularly timely." (Spectator Business July 2008)

Product Description

Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.

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?

Gold is a side show 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 stateless money franchise makes this book compelling reading.

"John Katz is a clear eyed independent strategist and analyst with an extraordinary ability to get to grips with subjects ranging from biotechnology via alternative energy to commodities and gold. Uniquely for a commentator on gold he has no dogmas. To assess the risks and rewards that come with owning gold he introduces opinions from an impressive range of commentators, examines different scenarios that may play out on the world economic stage and highlights situations when owning gold makes sense and when it doesn't. To complete the picture Frank Holmes's contribution to The Goldwatcher explains the risks and rewards. The Goldwatcher has been written for 21st century investors. It will be an indispensable resource for responsible people from institutional money managers to private savers - whether the gold price moves up, down, or sideways."
—Patrick H. Spencer, Managing Director, Head of Institutional Sales, Robert W. Baird Limited, London

"Frank Holmes's stellar track record as a resource portfolio manager is a clear reflection of his understanding of the business, the markets and the factors that affect them. His success is as much about unearthing value as it is about creating an investment process that is religiously followed. If you want to succeed in your resource investment,this book is a must. It's all the more enjoyable because the writing style is easy-going,clear and understandable."
—Pierre Lassonde, Former chairman, World Gold Council, and past president, Newmont Mining Corp

This book is also supported by The Goldwatcher blog - http://wwwthegoldwatcher.com, which addresses news and developments affecting gold and the dollar, updates statistical information and links with sources for data and commentary.

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Product Details

• Hardcover: 352 pages
• Publisher: Wiley (August 4, 2008)
• Language: English
• ISBN-10: 0470724269
• ISBN-13: 978-0470724262
• Product Dimensions: 9.7 x 6.8 x 1.3 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #211,975 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

5.0 out of 5 stars From Doug Casey's "Big Gold" Newsletter, November 26, 2008

By	BigHornsFan (Austin, TX USA) - See all my reviews

"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

8 of 9 people found the following review helpful:

5.0 out of 5 stars Gold in the Current Economic Environment, September 3, 2008

By	Ian R. Campbell (Toronto) - See all my reviews (REAL NAME)

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.

5 of 5 people found the following review helpful:

5.0 out of 5 stars A must for understanding Gold as an Asset class!, September 18, 2008

By	Ashwani Tiwari (Jalandhar, Punjab India) - See all my reviews (REAL NAME)

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.