Publisher's Synopsis
When It's Time to Buy Gold was written for US citizens and others who are alarmed by the debt ceiling showdown going in in Washington, DC and who are worried that this might bring down the US dollar and their savings with it. Not long ago the Federal government spent massive amounts of US dollars on bank bailouts and an economic stimulus program. In addition, two expensive wars continue to drain the national treasury. With the current economic crisis it now appears to some of our Congress people that more spending will be required, while others are more concerned with the size of the Federal deficit. Recently, investor anxiety about this difference of opinion in Congress drove the price of gold over $1600 per ounce. The basic message of When It's Time to Buy Gold, is that this price could go even higher if the deficit problem is not solved, and the strength of the dollar continues to decline. When It's Time to Buy Gold combines an historical explanation of the relationship between gold and money with five practical chapters devoted to a detailed and careful explanation of gold markets actually work. They explain how the long term investor (gold coins), the medium term investor (gold mining stocks) and the speculative investor (commodity futures in gold) can operate in these markets. The author, Jon Amsden, holds the PhD from the London School of Economics and has followed financial markets both as investor and analyst for many years.
