Publisher Description
The warning signs for gold's decline are plenty: gold ETFs have made investing in gold available to the common investor and have tremendously increased the speculation involved; the global reliance on emerging markets such as China has fueled the commodity bubble led by gold; TV shows and newspaper headlines warn of intense media saturation and frenzy; We Buy Gold stores line busy streets 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, has 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 factors have allowed gold to form a bubble, why investor psychology of fear and greed is indicating extremely speculative behavior, why gold will fall during an upcoming recession, what effect the dollar and the stock market will have on the future of gold prices, and how to profit from a gold collapse while the majority of investors lose.
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About Norman Dietz
Norman Dietz is a writer, voice-over artist, and audiobook narrator. He has won numerous Earphones Awards and was named one of the fifty “Best Voices of the Century” by AudioFile magazine. He and his late wife, Sandra, transformed an abandoned ice-cream parlor into a playhouse, which served “the world’s best hot fudge sundaes” before and after performances. The founder of Theatre in the Works, he lives in Lancaster, Pennsylvania.