Beginning investors will find thorough guidelines for making good decisions in this study of private gold ownership. Emphasis is placed on the asset-preservation qualities of gold at a time when investor uncertainty about the economy and recent investment scandals have led many to seek asset diversification. The economic and political trends driving gold marketing are detailed, as are the reasons why gold plays an important role in millions of investment portfolios worldwide—as both a hedge and an investment for capital gain. With revised content as well as two additional chapters, this updated version examines topics such as gold's role in combating inflation and deflation, how to select a gold firm, the history of gold since 1971, storing gold, and government debt.
"Want to invest but don't want a big risk or low return? This book recommends taking your greenbacks and going for the gold. Author Michael J. Kosares, a digital gold dealer, advocates investing in gold because its long-dormant price has begun to rise rapidly in international markets." —Publishers Weekly
About The Author
Michael J. Kosares is the founder and president of USAGOLD-Centennial Precious Metals, one of the oldest and most prestigious U.S. gold firms serving private gold investors. He is editor and publisher of the newsletter News & Views: A Quarterly Review of Forecasts, Commentary & Analysis on the Economy and Precious Metals. He lives in Denver, Colorado.