The Goldwatcher: Demystifying Gold InvestingISBN: 978-0-470-72426-2
Hardcover
352 pages
July 2008
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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.