Unsafe Haven: The Impending Collapse of the Gold Bubble
- ISBN-10
- 0615531946
- ISBN-13
- 9780615531946
- Series
- Unsafe Haven
- Pages
- 238
- Language
- English
- Published
- 2011-09-12
- Author
- Yoni Jacobs
Description
How do TV shows, vending machines, Chinese taxi companies, and a former UK prime minister point to a gold bubble that is about to burst? Gold prices are up over 2500 percent since 1970 and more than 600 percent since 1999. Many investors consider gold a "safe haven" that will shelter them from recessions, falling markets, and the depreciating value of currency. Many fail to realize, however, that investing in gold at these levels is extremely risky.Yet there are many warning signs: gold ETFs have made investing in gold available to the common investor and have tremendously increased speculation; the global reliance on emerging markets such as China has fueled the commodity bubble led by gold; TV shows, commercials, and newspaper headlines warn of intense media saturation and frenzy; 'We Buy Gold' stores line busy streets and malls, and signal mass awareness; gold miners are no longer protecting themselves from a potential drop in prices; herd-like behavior and intolerance of opposing views - found near peaking popularity - have surfaced; a Chinese taxi company has attempted to buy an Australian gold mine; and gold is even being sold in vending machines!Presenting an in-depth analysis of gold dating back over 100 years, Yoni Jacobs describes: * What structural and precipitating factors have allowed gold to form a bubble. * Why investor psychology of fear and greed is indicating extremely speculative behavior. * Why gold is not recession proof and will fall during an upcoming economic contraction. * What effect the US Dollar and the stock market will have on the future of gold prices. * How to profit from the impending collapse of the gold bubble.Also: Why to avoid Netflix, Cloud Computing, and Facebook investments.
