Why did the price of gold hit record highs in 2008? Take a look atthe headlines - government bailouts of failed banks, mortgage andcredit crises, rising inflation, slowing growth and globalinsecurity. In order to protect themselves from treacherousfinancial markets and depreciated paper currencies investorsworldwide are turning to gold. Gold has long been used as money and as a store of wealth, butwhat's the source of its value? Why does that value sometimes riseso high and at other times fall so low? And what do we know aboutgold's complex and often tumultuous past that may yield clues abouthow it may behave in the future? Gold is a side show on a world financial stage dominated by thedollar. The tail can't wag the dog -gold prices are affected bychanges in prospects for the dollar and not vice versa. Withuncertain outcomes for the American and global economies, gold'sstateless money franchise makes this book compelling reading. "John Katz is a clear eyed independent strategist and analystwith an extraordinary ability to get to grips with subjects rangingfrom biotechnology via alternative energy to commodities and gold.Uniquely for a commentator on gold he has no dogmas. To assess therisks and rewards that come with owning gold he introduces opinionsfrom an impressive range of commentators, examines differentscenarios that may play out on the world economic stage andhighlights situations when owning gold makes sense and when itdoesn't. To complete the picture Frank Holmes's contribution to TheGoldwatcher explains the risks and rewards. The Goldwatcher hasbeen written for 21st century investors. It will be anindispensable resource for responsible people from institutionalmoney managers to private savers - whether the gold price moves up,down, or sideways." --Patrick H. Spencer, Managing Director, Head ofInstitutional Sales, Robert W. Baird Limited, London "Frank Holmes's stellar track record as a resource portfoliomanager is a clear reflection of his understanding of the business,the markets and the factors that affect them. His success is asmuch about unearthing value as it is about creating an investmentprocess that is religiously followed. If you want to succeed inyour resource investment,this book is a must. It's all the moreenjoyable because the writing style is easy-going,clear andunderstandable." --Pierre Lassonde, Former chairman, World Gold Council, andpast president, Newmont Mining Corp This book is also supported by The Goldwatcher blog -http://wwwthegoldwatcher.com, which addresses news anddevelopments affecting gold and the dollar, updates statisticalinformation and links with sources for data and commentary.weiterlesen