Gold Bubble: Profiting From Gold's Impending Collapse

by Yoni Jacobs

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? 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. "We Buy Gold" stores line busy streets, gold miners are no longer protecting themselves from a potential drop in prices, and gold is even being sold in vending machines. All this points to one a gold bubble has formed and will collapse very soon, hurting investors, funds, and banks. In Gold Profiting From Gold's Impending Collapse , Yoni Jacobs looks at how you can protect yourself. Presenting an in-depth analysis of gold dating back over a hundred years, the book explores the structural factors that have allowed gold to form a bubble, why an investor psychology of fear and greed is leading to 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 out. With gold prices up over 2,500 percent since 1970, and more than 600 percent since 1999, a bubble has formed and is on the verge of bursting. But until now, no one has been willing to publicly bet against the universal currency. With Gold Bubble you are ready to meet this challenge head on, and take advantage of what other investors won't even acknowledge.

257 pages, Hardcover

First published March 21, 2012

Reviews

[Ridzwan · Rating 2 out of 5]

Gold prices have gone up 600% over the last decade alone. Any investor worth his salt should know that such runaway inflation in prices cannot be justified in the long run. History has taught this lesson in the past many, many times over. But judging from the manner in which novice investors are still lapping up the precious metal, it seems that history is about to send a painful reminder one more time.

In Gold Bubble: Profiting from Gold's Impending Collapse, Jacobs applies several chart theories to explain why current gold prices will not hold in the long run. At this time of reading, gold prices have indeed receded to about $1,500 down from a high of $1,923 late last year. And the slide looks set to continue. Amateurs who bought into the advice of gold bugs towards the end of 2011 will continue to witness their savings disappear. Jacobs suggest several strategies, outlined amply in the book, on how you can actually profit from the crash in gold prices via shorts, pairings and alternative investment vehicles.

However I do find it odd that Jacobs has found it fit to dedicate a significant portion of the book discussing possible bubbles happening in the technology sector, particularly with social media and cloud computing companies. Even more bizzare was the fact that the author dedicated an entire 17 pages in this book on the analysis of NetFlix, going round in circles and repeating the same opinion again and again.

[Andy Gibb · Rating 1 out of 5]

We need an entire book for this?