How to Profit in Gold: Professional Tips and Strategies for Today’s Ultimate Safe Haven Investment

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McGraw Hill Professional, Sep 10, 2010 - Business & Economics - 240 pages
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A golden investing opportunity you can't afford to miss!

As most investors know, gold is a "safe haven" asset that can actually increase in value during stock market slumps and recessions. But what else do you really know about this commodity?

Are you taking full advantage of it? Do you know how to work it into your overall investment strategy? How to Profit in Gold is a comprehensive tutorial on making gold a profi table part of your investment strategy.

Jonathan Spall, a 25-year veteran of the precious metals market, provides an inside look at how the precious metal is traded and priced, along with valuable insight into gold's unique position in the marketplace. Filled with practical advice designed to help you get started right away, How to Profit in Gold explores such topics as:

  • Simple and complex gold trading processes
  • The pivotal role central banks play in the gold market Gold exchange-traded funds (ETFs)
  • How spot gold is traded
  • Why gold mining companies have traditionally hedged, and why they no longer do so
  • Strategies for investing in the retail market

Spall provides an extensive glossary of terms you'll need to know, and he debunks various myths regarding this market, including the Fed's supposed scheme to keep gold prices artificially low during the 1990s.

The effects of global economic growth, the weakened dollar, the credit crunch, and the recent creation of enormous funds each affect the gold market; put them together and they add up to potential profits gold investors have never before dreamed of.

Gold is a surprisingly small market. When you learn how to navigate it, the potential for excellent rewards becomes evident. Can you afford not to start investing in gold?

 

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User Review  - ElectricRay - LibraryThing

Disclosure: I know Jon Spall, having worked with him for a couple of years and being an enthusiastic subscriber to (and correspondent with) the daily "Barcap Commodity Comment" mailing list which he ... Read full review

Contents

1 Gold at Record Highs
1
2 What Drives the Price of Gold?
9
3 The Official Sector
25
4 Lenders and Borrowers of Gold
53
5 Bullion Banks
65
6 Gold Exchanges
93
7 ExchangeTraded Funds
109
8 Physical Gold
115
10 Getting Exposure to Gold
137
Rules for Trading Gold
147
Frequently Asked Questions
149
Glossary of Terms
163
Properties of Gold
193
Bar Weights and Their Agreed Fine Gold Content
199
Index
201
Copyright

Myths and Reality
123

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About the author (2010)

Jonathan Spall has worked for Barclays Capital for six years. As the product manager for precious metals, he is responsible for commodity relationships with central banks and governments on a global basis. He spent ten years at Deutsche Bank, most recently as a London-based director with responsibility for offi cial sector marketing (commodities) and head of metals marketing (Europe/Africa). Spall earlier worked for Deutsche Bank in Hong Kong and Australia as head of metals.

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