Gold has always had a special allure for consumers and investors alike, but speculating in gold can present enormous upsides with concomitantly disastrous downsides. Gold’s precipitous climb as financial markets first roiled and then surged at the start of the 21st century raised alarms with investment strategist Yoni Jacobs. He offers a contrarian and sobering opinion based on his exhaustive research: The high-flying price of gold – that supposed safe haven beloved by spooked investors – will soon plummet to Earth. Jacobs pulls out all the stops – often repetitively so – to back up his claim, and his statistics and data are impressive, though pretty much all focused on his point of view. getAbstract, which never gives investment advice, recommends this thought-provoking look at gold to those worried that their investments could turn to dross.
In this summary, you will learn
- How to recognize a financial bubble,
- Why investor Yoni Jacobs says gold is now in a bubble that will burst and
- How to profit when it does.
About the Author
Yoni Jacobs, executive director and chief investment strategist for Chart Prophet LLC, an investment management firm, earned the Chartered Market Technician designation. He has appeared on the Business News Network and CNN.
Comment on this summary
10 months agoDisappointing. More or less just a technical reason, golds precipitous rise, to explain why gold will fall. An observation of a point in time and not much use to thinking about the present.