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Gold Bubble: Profiting From Gold's Impending Collapse Hardcover – 15 May 2012

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Product details

  • Hardcover: 258 pages
  • Publisher: John Wiley & Sons; 1 edition (15 May 2012)
  • Language: English
  • ISBN-10: 1118239350
  • ISBN-13: 978-1118239353
  • Product Dimensions: 16.1 x 2.4 x 23.5 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Bestsellers Rank: 1,618,365 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Product Description

From the Inside Flap

Gold, with its timeless allure, has long been considered safe, secure, andtotally reliable—just like the housingmarket and the dot–com industrywere . . . until they imploded. Now, gold too is forming a bubble, and in Gold Bubble: Profiting From Gold′s Impending Collapse, investment expert Yoni Jacobs presents a clearheaded, thoughtful, and sometimes terrifying case for its inevitable burst, to help you prepare—and perhaps even profit—from what lies ahead. Offering a rigorous account of how and why gold has become so popular and so dangerously overvalued, the book provides compelling evidence for a collapse and outlines how you can benefit from what others don′t know. Part economic history and part financial guide, Gold Bubble looks back in time to explain how we got into this mess, expertly analyzes the stages of bubble growth, and details exactly where the gold market stands today and where it′s headed next. Simply knowing that gold is in trouble doesn′t mean much if you can′t protect yourself and your money from the impending bubble burst, and this book presents an innovative plan for putting predictions into practice. Outlining simple short–selling strategies, complex options strategies, alternative investment ideas, and more, the book uncovers and explains your opportunities to profit from gold′s collapse. Packed with charts and images that bring the case for a gold bubble to life in an accessible, highly visual way, the book has wide–reaching implications not just for the impending gold bust, but for identifying, monitoring, and beating future bubbles as well. Rich in practical, actionable advice for weathering any financial storm, Gold Bubble is a groundbreaking, contrarian, and totally indispensable resource for investors, bankers, and anyone concerned with keeping their money safe or even profiting from any speculative investment bubble.

From the Back Cover

PRAISE FOR GOLD BUBBLE: Profiting From Gold′s Impending Collapse "In Gold Bubble , Yoni Jacobs presents a vivid description of gold economics, gold history, and gold′s false promise of security. He then applies the aspects of bubble psychology to the current gold market and concludes that gold′s price speculation has reached a highly dangerous level of optimism, one that will soon be dashed. His analysis is comprehensive, complete, and very likely correct." — Charles D. Kirkpatrick , CMT President, Kirkpatrick & Company, Inc.; coauthor of Technical Analysis ;publisher of The Market Strategist newsletter For years, investors have considered gold safe from recessions, falling markets, and currency depreciation. But with gold prices up more than 600 percent over the last decade alone, that fantasy is destined to fade fast. Gold—like housing and technology before it—has entered a bubble, and it too will burst. In Gold Bubble: Profiting From Gold′s Impending Collapse, Yoni Jacobs looks at how we got here and what you can do to protect yourself, or even profit from what lies ahead. Incisive, intelligent, and indispensable reading for anyone who wants to protect their money from speculative bubbles of all kinds, Gold Bubble is the first book to bet against the universal currency, bringing you the information and advice you need to profit from the danger most investors won′t even acknowledge.

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Format: Hardcover Verified Purchase
I'm a professional trader and i love this book respect for the author .Why ? First edition in september 2011 , Jacobs say it's big bubble
in the gold and the collapse is now .See the level of the gold at this time .Jacobs say the collapse get until 750 dollars per once .
I think(personal) next yeat we go testing 1000 $ (big compression between 1180-1380 and report).It's very young author, only 27 years old i think but value don't wait years .Rendez-vous before 2020 and the price of gold near 750$ .Jacob's is the king of the gold .Best book on the subject .Sorry for my english , i'm french ;
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0 of 2 people found the following review helpful By Rolf Dobelli TOP 500 REVIEWER on 9 Jan 2013
Format: Hardcover
Gold has always had a special allure for consumers and investors alike, but speculating in gold can present enormous upsides with concomitantly disastrous downsides. Gold's precipitous climb as financial markets first roiled and then surged at the start of the 21st century raised alarms with investment strategist Yoni Jacobs. He offers a contrarian and sobering opinion based on his exhaustive research: The high-flying price of gold - that supposed safe haven beloved by spooked investors - will soon plummet to Earth. Jacobs pulls out all the stops - often repetitively so - to back up his claim, and his statistics and data are impressive, though pretty much all focused on his point of view. getAbstract, which never gives investment advice, recommends this thought-provoking look at gold to those worried that their investments could turn to dross.
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Most Helpful Customer Reviews on (beta) 12 reviews
61 of 75 people found the following review helpful
Pure nonsense 24 April 2012
By Bobnoxy - Published on
Format: Hardcover
This book will no doubt go into the proverbial dustbin of history along with Dow 36,000. Ask yourself some honest questions and then compare your answers to this book's entire premise.

Is gold in a bubble? Well, what do bubbles look like? Luckily, we have two recent examples, the housing bubble, and the tech stock bubble in the late 90's. What did those look like?

To me, they looked like everyone was getting rich in techs stocks and flipping houses. Regular people were quitting their jobs and day trading or flipping houses full time. The average guy, the little guy, sometimes referred to as the ''dumb money'' was making an easy fortune.

Now, how many of your friends own any gold and talk about it with you? How much do you own? The writer points to all the publicity around gold, like those ads telling people to sell their gold. And ever since gold hit $1,000, people were doing just that, selling their gold.

In a bubble, those people would be loading up, but they're selling! The world's central banks, the smartest people in the world when it comes to money, are the big buyers. This would be the first bubble in history that the dumb money was selling into and the smartest money on the planet was buying. Do you really think that the people with the least knowledge about money are getting this right?

It would also be the first bubble to happen with almost no participation from the general public. This could be the weakest analytical book written this year. Just because the price of something is up does not mean it's in a bubble.

If you look at the average selling price of gold in the year it peaked for the last bull cycle, 1980, or $660 an ounce, and look at today's price, the average annual gain for that 32 years is about 3%. If stocks had risen by 3% annually for that long, would anyone be calling it a bubble?

Then look at our trillion dollar deficits and the growth in the Fed's balance sheet, total government debt of $18.5 trillion when you include state and local debt that as taxpayers, we're all on the hook for, and there's your bubble, and the best reason to defend yourself by owning gold.
11 of 15 people found the following review helpful
Maybe its the dollar bubble that is bursting 26 Sep 2012
By concerned citizen - Published on
Format: Hardcover
When I read this book I was looking for cogent reasons why we may be in a gold bubble. I have seen the price rise and was perplexed by it.
However, Mr. Jacobs in my mind really was not very convincing to me. Just because the price of any asset is rising does not mean that its a bubble.
For other authors I have read its seems that Mr. Joe six pack is really not in the gold market at all. Currently, less than 1% of the investing public owns any gold bullion, stocks or the ETF while 30% is in bonds - government bonds no less!! I began to think maybe its paper money and government bonds that are the bubble. If you look at a chart of gold price going back to 1971 when we went off the gold standard for the US dollar it does not look like a bubble at all (barring the price spike in 1976, 1980 and the spike in 2011). It looks like a chart of slow accumulation by deep pocketed buyers like asian central banks. With 16 trillion in public debt and 200 trillion in unfunded liabilities it seems that loose monetary policy in the US and western world is here to stay, perhaps permamently. At one point maybe the dollar is the asset that bursts. Just a thought by an average citizen who is concerned about his country's future.
2 of 3 people found the following review helpful
Awesome Book! 25 Aug 2013
By Eric webber - Published on
Format: Hardcover
Early in 2013, I wanted to find a book that would help me understand the likely direction gold would take over the coming year. I knew that if I could figure this out, I had the potential to make a lot of money. As it turned out, Yoni's book was the only book I could find that broke away from the massive herd of folks that were predicting that Gold would soon shoot for the moon. There is something very wrong when such a huge number of folks believe that Gold is going to go to $4K/oz or $10K/oz or higher. this sounds like mindless herd following in a speculative mania - which supports the theory that gold was in a massive bubble.

This is a very thorough book that covers all its bases. I guarantee that any intellectually objective individual will be 100% convinced that Gold was indeed in a massive bubble after reading this book. And recent events support this assertion as this massive bubble has since popped, commencing in mid April 2013. But, there is still a lot of money to be made on the sort side (as of August 2013) - so anyone on the fence trying to figure out what direction to take their Gold investments should absolutely buy Yoni's book. Furthermore, this book provides great educational literature about asset bubbles in general - which would benefit anyone who wants to profit from the growth and demise of bubbles.

Bottom line; this is a fantastic read, very well written, and Yoni's predictions were dead on the money!

*** I would also like to make a response to the other negative reviews. I have more than 20 investment books, and this was the first that allowed me to make a huge substantial amount of money in such a short period of time after its purchase. That is why I so strongly defend it. Every argument made by the other negative reviewers has been completely destroyed in Yoni's book. Gold Bugs cannot come to grips that their precious metal is in a bubble and that the price is likely headed back to where it started in the early 2000s. Admitting such, means destroying everything in their worldview and eschewing the one thing they've depended on for over a decade. As such, Gold has become a religion - and a source of political ideology - where opposing views represent opposition to their worldview. In this way, Gold is perceived as the antithesis to whatever they perceive as the cause of the upcoming "economic collapse". But they were, and still are, wrong. Remember, Yoni wrote this book when Gold was still high flying - and as a result he was met with a lot of ridicule and scorn as someone who was crazy. Take a look at Gold's price chart and ask yourself if he is still crazy. It takes a lot of courage to write such a substantial book that goes completely against the crowd consensus - but Yoni pulled it off - and those lucky enough to read it, have the potential to profit tremendously.

*** Update October 2014. I wonder how silly the negative reviewers must feel now. The only reason that this book doesn't have 5 out of 5 stars is because of the goldbug haters who cannot come to grip with the notion that their beloved gold is falling in price. Well, guess what? All of Yoni's predictions are coming true. Gold just recently broke support below $1180 and looks to be headed to $1000/oz after reaching a peak of $1900. Yoni wrote this book when gold was high flying - and received much ridicule (like what you see here from the goldbug reviewers). Instead, he should receive much praise because his book is the ONLY book on Amazon that got the Gold bubble correct!
18 of 29 people found the following review helpful
You don't lose money on physical gold until you sell it 19 April 2012
By Spazz - Published on
Format: Hardcover
If you are investing in gold as a safe haven, but you're not acquiring the physical metal, then you better pay attention to this book because you'll be screwed with things go south.

If you are acquiring physical metal, then you're doing fine, you're money's in your hands and it will never disappear until a time of your choosing. Just ignore this rambling crap.

If you are trading gold to make money, you should probably read this book, then stop doing that and buy physical.
Five Stars 5 Oct 2014
By gregory stan - Published on
Format: Hardcover Verified Purchase
great insists, loved it
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