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.
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Yoni Jacobs is Executive Director and Chief Investment Strategist for Chart Prophet LLC, an investment management company that utilizes its proprietary Triple-Perspective Outlook to make its investment decisions based on a comprehensive mix of technical, fundamental, and behavioral analysis. Yoni has developed a programmed formula and backtested timing strategy that has avoided the 2000 dot-com bubble and the 2007-2008 housing and financial meltdown, and has shown backtested returns of 915% in a ten year span from 2001 to 2011. He is also a contributing author and Opinion Leader for SeekingAlpha, with over 500,000 views, numerous Editor’s Picks, most-popular, and front-page articles. He has appeared on the Business News Network (BNN), affiliates of CNN and ABC News, and has been featured or quoted in Reuters, The Globe and Mail, The Financial Post, CBS MoneyWatch, International Business Times, and other top sources. Yoni graduated with top honors from the Macaulay Honors College at Queens College with a BBA in Finance and a BA in History. He has supplemented his education with the Chartered Market Technician (CMT) designation, an MBTI Certification for Behavioral Analysis and Personality Evaluation, and a Chartered Financial Analyst (CFA) candidacy. He also holds the Series 7 (Securities Representative) and Series 66 (Quantitative Methods) licenses.
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