Alan Northcott

Before I read this book I knew nothing about investing in gold or precious metals. My interest was spiked after seeing TV commercials offering to buy gold jewelry, regardless if it is in good shape or broken. From that I knew there must be some incentive to do so.

Investing in gold or precious metals isn't new; it's been around since early civilization. There has been a steady increase in its value but here are also market trends which cause inflation of value. Acquiring a knowledgeable and trustworthy broker or dealer is a must. Unfortunately there are many scams that one has to wade through to find a reputable dealer. The author suggests to look for length of service, amount of accessible gold, and testimonials.

I think the most important chapter of this book is titled "But is it for You?" The author says "You have been made aware of the benefits, risks, and pitfalls of the various financial instruments discussed, and may have formed an opinion on what if any type of gold investing would suit you....So before you commit to the concept of putting everything you own in gold and riding it up for a large profit, you need to take a look at your financial situation and see to what extent you can afford to do this." He continues to provide a list of questions.

I believe this is a good book for anyone that has no or very little knowledge about investing in gold or precious metals. The writing is lay-friendly, informative and covers the basic information one should know to make a decision to do further research. It sure helped me make a decision.… (more)