The Trader's Great Gold Rush: Must-Have Methods for Trading and Investing in the Gold Market
Throughout history, gold has been a safe haven in times of political and economic crisis. Right now, gold's fundamentals are remarkably strong, says veteran commodities market analyst James DiGeorgia. In fact, gold is poised to boom-reaching, DiGeorgia predicts, as high as $2,500.
From the fundamentals of investing in the gold market to the 17 common pitfalls to avoid, The Trader's Great Gold Rush tells you everything you need to know to take advantage of the coming surge in gold.
This is the perfect time to invest in gold.
And this book will show you how.
From the Inside Flap
Will gold hit $2,500?
In a time when most investments are crumbling into dust, one investment still holds its luster: gold.
In The Trader's Great Gold Rush, veteran commodities market analyst James DiGeorgia explains why gold is poised to boom-possibly going as high as $2,500-and explains what you need to know in order to take advantage of the coming surge in gold.
Gold's fundamentals are strong, even after years of rising prices, DiGeorgia argues. Gold is a com-modity, with inherent value immune from government depreciation, corporate misbehavior, wartime disruptions, whatever. Because gold is priced in dollars, its price will rise as the dollar weakens. And, time after time throughout history, gold has been a safe haven in times of political and economic crisis. Even during the Great Depression, when everything else deflated, gold went up by over 88 percent! With supply declining and demand rising, this is a perfect time to invest in gold, says DiGeorgia.
In straightforward language supported by solid research, he covers everything regarding the current bull market in gold, from basic supply and demand fundamentals and mining to the rise of gold ETFs in the market.
You'll learn how to capitalize on current conditions through the use of technical analysis and how to use trends and moving average lines to decide when to enter and exit the gold market. You'll also explore diverse ways to invest and trade in gold stocks; domestic, foreign, and even ancient gold coins; gold mutual funds; and to intelligently hedge and speculate with futures and options in the gold market.
One doesn't just jump into gold blithely. In fact, this book outlines seventeen of the greatest pitfalls that investors and traders face in the gold market-and details just how you can avoid them.
So will gold go to $2,500? Very likely, says DiGeorgia. And you can be there when it does, with the help of this guide.
- Publisher: Wiley (October 5, 2009)
- Language: English
- ISBN-10: 0470431326
- ISBN-13: 978-0470431320
- Product Dimensions: 9.3 x 6.3 x 1.1 inches
James DiGeorgia is the best expert I know when it comes to investing in gold bullion. This is not your father's gold market anymore, so getting the right information from the right people is key to helping you succeed as a gold investor.-Tom Mcclellan, Editor, The McClellan Market Report, #1 Ranked Ten-Year Gold Timer (1999-2008).
James DiGeorgia is a stalwart of precious metals. He draws on a lifetime of interest and commitment in The Trader's Great Gold Rush to inform you about 'tricks of the trade' that will come in handy as you seek to protect yourself from the looming solvency crisis of the U.S. government. This is a good book. But you have to read it now. Don't wait for the movie.-JAMES DAVIDSON, founder, Agora, Inc., and Editor, Strategic Investment
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