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by T. Forbush (Author), W. W. Little (Author)
Hundreds of books have been written on precious metal investing, but not one like this. Forbush's gift to us is a truly unique perspective of an exploration geologist, trader, and financial advisor all rolled into one. He confronts this complex topic head on in a concise, understandable, and fast reading format. Written by a person who has traded thousands of ounces a day, made mineral discoveries, is a 43-101 qualified person, and serviced retail investors, he highlights intricacies of these markets that few of us even knew existed. One of the most valuable aspects of this work is it identifies risks and opportunities unknown by most market participants. It also may be the only comprehensive work on this topic written for intermediate to advanced level traders and investors. In "Understanding Precious Metal Markets," Forbush begins at the very beginning, establishing the science and core fundamentals of Earth's metal endowment and distribution. Next, he details production and consumption, showing readers how our modern lives are dependent on these metals. With data he refutes several common misconceptions. He addresses each of the major submarkets and instruments investors and traders use to profit from price movements and common strategies employed. These include physical metals, precious metal securities, mining stocks, derivatives, and collectables. Lastly, he provides valuable chapters clarifying taxation, potential conflicts of interest, and financial planning strategies that best incorporate precious metals investments.
"Understanding Precious Metal Markets" is a must read for any serious investor or trader of precious metals. The book contains over 250 references, many of them from among the world's best traders, economists, scientists, and financial professionals. With an efficient pace and lots of charts and illustrations that make understanding concepts easy, readers quickly ingest a lifetime of expertise. It is rare to get so excited about investing publications, but the book's comprehensive and mind-blowing content will cause readers to never look at their world the same again.
