From the Inside Flap
Gold, with its timeless allure, has long been considered safe, secure, andtotally reliablejust 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 prepareand perhaps even profitfrom 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.