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Gold investments

Often when stocks and mutual funds are low, gold investments rise. Gold is a universal currency whose value has endured throughout history. Investors look to this precious metal commodity when the markets are not stable.

33 men : inside the miraculous survival and dramatic rescue of the Chilean miners
Jonathan Franklin.
New York : G.P. Putnam's Sons, c2011.
On August 5, 2010, at the San Jos mine in northern Chile, 33 men were entombed 2,300 feet below the earth when a slab of rock the size of a skyscraper sheared off the mountain and sealed shut their only access to the surface. The miners were discovered alive 17 days later, and for the next seven weeks after that discovery, as rescuers sought to bring them to the surface, the eyes of the world shifted to this previously obscure corner of South America. More than 2,000 journalists and reporters flooded in to cover the drama. But despite worldwide interest, the media rarely delved to either the front lines of the rescue or below the surface of the tragedy. Locked behind police lines, most reporters were reduced to months of interviewing family members and politicians. However, award-winning journalist Jonathan Franklin was the exception. The print journalist with the most extensive access and contacts, Franklin reported, recorded, and filmed from the front row of the operation as it unfolded and, as a result, was afforded unprecedented and unique access to the miners and the rescuers. Now, for the first time ever, he tells their full story in 33 Men: Inside the Miraculous Survival and Dramatic Rescue of the Chilean Miners Franklin's status as a "local"--he has lived in Chile for 16 years, speaks fluent Spanish, and has six daughters with his Chilean wife--and his 25 years' experience as an investigative reporter provided him access other journalists could only dream of. For almost six weeks he lived on the hillside that served as the rescue operation's nerve center. He sat in on planning meetings, pored over government documents, and recorded sessions between the miners and the psychologists charged with looking after their mental health. He conducted interviews with miners' families, rescue workers, engineers, drill operators, and many others, including President Pi era of Chile. Even before the miners were rescued, while they were still underground, Franklin interviewed them via a makeshift phone that connected them to the surface. "I sat in this container where you could pick up a phone, dial eleven, and the phone would ring down below," says Franklin, who developed such a bond of trust with the miners that they described in great detail the dramatic first 17 days of their confinement. Cut off from the outside world and unsure if they would ever be found, let alone rescued, they were forced to create their own unique society while struggling to come to grips with the likelihood of a slow, lingering death. Once the miners were rescued, Franklin interviewed virtually all of them--at their homes, at his house, on horseback, and at the beach. "All of this allowed me to develop a very special relationship with the miners," says Franklin. "They showed me the videos they made while they were trapped, which have never been shared with anyone. Two of them lent me the private diaries they kept while underground. And rather than having to rely on hearsay or rumor, if I had a question, I could go directly to them and ask. Above all, they allowed me to get inside their heads as they described the experience and detailed what happened day by day." The result is 33 Men , the most authoritative book on the Chilean mine disaster. This timely book is an uplifting story of survival, endurance, and unprecedented human conquest. Written with the author's renowned eye for detail, it captures the remarkable story of the miners who grasped the essence of the human spirit in order to survive their entrapment, and the men and women who literally moved a mountain to set them free.
     
How to profit in gold : professional tips and strategies for today's ultimate safe haven investment
by Jonathan Spall.
New York : McGraw-Hill, 2010.

A golden investing opportunity you can't afford to miss!

As most investors know, gold is a "safe haven" asset that can actually increase in value during stock market slumps and recessions. But what else do you really know about this commodity?

Are you taking full advantage of it? Do you know how to work it into your overall investment strategy?How to Profit in Goldis a comprehensive tutorial on making gold a profi table part of your investment strategy.

Jonathan Spall, a 25-year veteran of the precious metals market, provides an inside look at how the precious metal is traded and priced, along with valuable insight into gold's unique position in the marketplace. Filled with practical advice designed to help you get started right away,How to Profit in Goldexplores such topics as:

  • Simple and complex gold trading processes
  • The pivotal role central banks play in the gold marketGold exchange-traded funds (ETFs)
  • How spot gold is traded
  • Why gold mining companies have traditionally hedged, and why they no longer do so
  • Strategies for investing in the retail market

Spall provides an extensive glossary of terms you'll need to know, and he debunks various myths regarding thismarket, including the Fed's supposed scheme to keep gold prices artificially low during the 1990s.

The effects of global economic growth, the weakened dollar, the credit crunch, and the recent creation of enormous funds each affect the gold market; put them together and they add up to potential profits gold investors have never before dreamed of.

Gold is a surprisingly small market. When you learn how to navigate it, the potential for excellent rewards becomesevident. Can you affordnotto start investing in gold?

     
Gold diggers : striking it rich in the Klondike
Charlotte Gray.
Berkeley, CA : Counterpoint : Distributed by Publishers Group West, c2010.
Canadian historian Gray revisits the gold rush days in the Yukon through the eyes of six people, four men and two women. All of them left memoirs or other written evidence of their experiences. The town of Dawson is the seventh character in the study, the place where all journeys to the gold fields intersected. The stories vary greatly--Bill Haskell never struck it rich and lost his best friend--Father William Judge, more interested in spiritual wealth who made Dawson his home and died there-- Belinda Mulrooney, a feisty young Irish woman who became rich through providing food and supplies to the miners-- Sam Steele, the representative of law and order--Flora Shaw, a die-hard imperialist British journalist and, not least, Jack London, who made his mark in depicting the lives of those who braved the north in search of fortune. The story is riveting, the characters vivid as any in a novel. Dawson in the gold rush is shown in all its glory and depravity, making this an exciting tale. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)
     
The invisible Harry Gold : the man who gave the Soviets the atom bomb
Allen M. Hornblum.
New Haven : Yale University Press, c2010.
In the history of Soviet espionage in America, few people figure more crucially than Harry Gold, a Russian Jewish immigrant who spied for the Soviets from 1935 until 1950. Hornblum paints a surprising portrait of this notorious yet unknown figure.
     

Those who invest in gold do so for different reasons -- from short term speculation to long term saving. Know your particular goals and needs before investing in gold bullion (bars of gold), gold coins, or gold stocks.

Gold is important in a portfolio for its monetary value, store value, and commodity value. A strong portfolio likely will have some component of physical gold (gold bullion).

Gold reserves are stored in the vaults of the Fort Knox Bullion Depository, Philadelphia Mint, Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office and other facilities of the United States Mint.

Production Facilities

Investing in physical metal is not the only option for gold investors. Some investors prefer to invest in an exchange traded fund (ETF) that tracks a group of gold stocks. It is traded like a stock on a stock exchange. The fund's performance corresponds to the price of the gold bullion. Investing in an ETF is and easy way for the new investor to get access to the gold market.

A third way to invest in gold is to trade in options and futures.

Choosing the right investment or gold procurement firm is crucial to the success of a gold investor. Study the market carefully.  Check and compare pricing, and beware of sales pitches. It is important to select an established firm. Some consider it wise to deal only with a firm that has been in operation for at least ten years.

Pay special attention to the credentials of firms that only do business online. Check out their credentials. Ask professional organizations, such as the Better Business Bureau, to see if any customer concerns were ever reported and how they were resolved.

Do not forget to ask about transaction deals. Check when the price is set. Ask what premiums are paid over the gold price, what form of payment is accepted, and how will gold be shipped.

Investors see gold as an important part of a diversified porfolio because its value is likely to rise whjen situations occur that make stocks and bonds loose their value. Like any investment opportunity, investing in gold takes research and education.

Article by: St. Louis Public Library staff