In recent years, metals have been among the safest and most
lucrative investments around, but they are not entirely risk free.
Before you begin investing or trading in metals, you need
authoritative information and proven investment strategies. You
need Precious Metal Investing For Dummies.
This straightforward guide eases you into the precious metals
market with sound advice on trading and owning these profitable
investments, including gold, silver, platinum, and uranium, as well
as high-demand base metals such as zinc and copper. You'll
learn how to research their market performance and choose among an
array of proven trading plans and strategies. Plus, you'll
get savvy advice on how to choose a broker, buy stocks and futures
that involve metals, maximize your investment return, and minimize
your risk. Discover how to:
* Evaluate the different metals
* Add metals to your portfolio
* Decide whether you're an investor or a trader
* Identify your metal-investment goals
* Weigh the risks and benefits of metals investing
* Buy physical metals
* Use technical analysis to evaluate opportunities
* Make long-term investments in precious metals
* Diversify your metals investments
* Analyze base-metals companies
* Purchase numismatic coins
* Add metals to your mutual fund or ETF portfolio
* Understand how politics effects metals prices
Metals can be an important and valuable addition to any
investment portfolio or retirement plan. Make the most out of your
investment with Precious Metal Investing For Dummies.
Autorentext
Paul Mladjenovic is the owner of Prosperity Network and www.Super MoneyLinks.com. He is also the author of Stock Investing For Dummies, 2nd Edition.
Zusammenfassung
In recent years, metals have been among the safest and most lucrative investments around, but they are not entirely risk free. Before you begin investing or trading in metals, you need authoritative information and proven investment strategies. You need Precious Metal Investing For Dummies.
This straightforward guide eases you into the precious metals market with sound advice on trading and owning these profitable investments, including gold, silver, platinum, and uranium, as well as high-demand base metals such as zinc and copper. You'll learn how to research their market performance and choose among an array of proven trading plans and strategies. Plus, you'll get savvy advice on how to choose a broker, buy stocks and futures that involve metals, maximize your investment return, and minimize your risk. Discover how to:
- Evaluate the different metals
- Add metals to your portfolio
- Decide whether you're an investor or a trader
- Identify your metal-investment goals
- Weigh the risks and benefits of metals investing
- Buy physical metals
- Use technical analysis to evaluate opportunities
- Make long-term investments in precious metals
- Diversify your metals investments
- Analyze base-metals companies
- Purchase numismatic coins
- Add metals to your mutual fund or ETF portfolio
- Understand how politics effects metals prices
Metals can be an important and valuable addition to any investment portfolio or retirement plan. Make the most out of your investment with Precious Metal Investing For Dummies.
Inhalt
Introduction 1
About This Book 1
Conventions Used in This Book 2
What You're Not to Read 2
Foolish Assumptions 2
How This Book is Organized 3
Part I: Breaking Down Precious Metals 3
Part II: Mining the Landscape of Metals 3
Part III: Investing Vehicles 4
Part IV: Investment Strategies 5
Part V: The Part of Tens 5
Icons Used in This Book 6
Where to Go from Here 6
Part I: Breaking Down Precious Metals 7
Chapter 1: A Compelling History 9
Mining the History of Precious Metals 10
Understanding why less is more 10
Giving the gold standard a gold medal 10
Going for the gold 11
Seeing the silver lining 12
Mentioning other metals 12
Taking a Look at Track Records 12
Gold 13
Silver 14
Other metals 15
Grappling with Bulls and Bears 16
The precious metals 19801999 bear market 16
The precious metals bull market of 2000 17
Chapter 2: Diversifying with Metals 19
Working with Rising Inflation 19
Understanding the Versatility of Metals 20
Reaching Your Financial Goals 20
Seeking appreciation 21
Looking for the home run 21
Preserving your capital 22
Using precious metals to generate income 22
Discovering Your Investing Style 23
Distinguishing between styles 23
Understanding yourself first 24
The saver 25
The investor 25
The trader 26
The speculator 27
Knowing Whether to Get Physical or Own the Paper 28
For the conservative investor 28
For the growth investor 29
For the speculator 30
For the trader 30
Getting the Amount Just Right 31
For the conservative investor 31
For the growth investor 31
For the speculator 32
For the trader 32
Chapter 3: The Beauty and Benefits of Metals 35
Protecting Your Portfolio Against Inflation 35
Precious metals against the dollar 36
Diversification against all currencies 38
Benefits for Investors 39
Safe haven 39
Privacy 40
Inflation hedge 40
Dollar hedge 40
Confiscation protection 41
Liquidity 41
Portfolio diversification 42
Benefits for Traders and Speculators 43
Supply and demand 43
Huge gains potential 44
Trading versus speculating 44
The benefits of speculating 45
Chapter 4: Recognizing the Risks 47
What Risk Means to You 48
Physical risk 48
Market risk 48
Exchange risk 49
Political risks 50
The risk of fraud 51
Minimizing Your Risk 52
Gaining knowledge 52
Being disciplined 53
Being patient 53
Diversification 54
Making risk your friend 55
Risk-Management Tools 56
Weighing Risk Against Return 57
Part II: Mining the Landscape of Metals 59
Chapter 5: Gold: All That Glitters 61
The Ancient Metal of Kings 62
Gold for the Record 63
Explaining all the bull 63
Telling the tale of the tape: Gold versus other investments 64
Assuring gold's success 66
Securing a Safe Haven from the Coming Storm 67
Reading and understanding inflation 67
Watching the dollar 70
Buying and owning gold 70
The Gold Market 71
Gold market data and information 72
Industrial supply and demand 73
Investment demand 74
Central banks 74
Gold Bugs 75
Gold Investing Resou...