By David M. Darst
During this convenient new ebook, bestselling writer David M. Darst presents beneficial viewpoint at the position and positioning of gold and different necessary metals inside an fiscal, monetary, and portfolio context. It covers the benefits and downsides, dangers and rewards of making an investment in beneficial metals and sheds mild at the key components that force costs, together with provide and insist forces, inflation and deflation, geopolitical stipulations, rates of interest, and the worldwide financial procedure. The ebook additionally bargains distinctive info on particular automobiles that supply publicity to worthwhile metals, in addition to assets of extra info to be had in print and on-line. Portfolio funding possibilities in worthy Metals offers traders the data they should make clever funding judgements in valuable metals.
Covers key components traders want to know approximately worthwhile metals, together with benefits, dangers, and funding performance
Written by means of David M. Darst, CFA, the bestselling writer of The Little publication That Saves Your Assets
ideal for person traders, monetary advisors, and CFAs attracted to the function that valuable metals play in funding portfolios
Read or Download Portfolio Investment Opportunities in Precious Metals PDF
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During this convenient new book, bestselling writer David M. Darst offers worthy point of view at the position and positioning of gold and different valuable metals inside an fiscal, monetary, and portfolio context. It covers the benefits and downsides, hazards and rewards of making an investment in invaluable metals and sheds gentle at the key elements that force costs, together with provide and insist forces, inflation and deflation, geopolitical stipulations, rates of interest, and the worldwide financial process.
Extra info for Portfolio Investment Opportunities in Precious Metals
S. dollar value of aggregate global gold demand was well above US$100 billion for the second year in succession against a backdrop of uncertainty in financial and commodity markets. Gold also functions as an important industrial commodity. It is considered an excellent conductor of electricity, is highly resistant to corrosion, and is chemically stable, making gold critically useful in electronics and other high-technology applications. Why Central Banks Hold Gold2 Central banks and international monetary authorities have long held gold in their reserves.
Global Supply of and Fabrication Demand for Gold The Federal Reserve Bank of New York is one of 12 regional reserve banks in the Federal Reserve System. It houses significant gold reserves, which are located 80 feet underground. The Federal Reserve Bank of New York began storing gold during the major twentieth-century periods of armed conflict (in 1914–1918 and in 1939–1945) when many countries wanted their gold reserves held away from military action. Only a small percentage of the gold in Federal Reserve Bank of New York stores belongs to the United States.
In 1979, Nelson Bunker Hunt and William Herbert Hunt, together with a small group of investors, formed a silver pool. In a short period of time, they had amassed nearly 200 million ounces of silver (over 130 million ounces of physical silver and over 50 million ounces in silver futures) and, in the process, contributed to a significant rise in the price of silver. From $5 per ounce in early 1979, the price of silver rose to over $50 per ounce in January 1980. On March 27, 1980, “Silver Thursday,” in response to increased margin requirements imposed by certain silver futures exchanges, the resulting margin calls, and other factors, silver plummeted 50 percent and the market price of silver continued to move downward.
Portfolio Investment Opportunities in Precious Metals by David M. Darst