Gold draws a great deal of comment fueled by fiery passion, and often instigates discourses based on rumor, conspiracy theories and gossip. Allow Jonathan Spall, an expert on precious metals, to disprove the lingering myths about gold with his interesting, helpful little book. While Spall’s treatise doesn’t quite carry you on a complete tour of gold's role throughout human history, it does usher you down into the mines and through the gold refiner’s fire. His ability to explain the basics of the gold trade so clearly may be based on his writing skill, but it also reflects his years of experience explaining these ideas to nonspecialists. The only math he uses involves the simple equations used to calculate gold prices. While you may already be familiar with some of Spall’s information, getAbstract recommends his broad introduction to gold to those who are interested in all facets of the prized metal, from its extraction to its sale.
In this summary, you will learn
- How gold is mined and refined;
- How gold is sold to investors; and
- Why an ounce of gold bought 350 loaves of bread in 562 B.C. and still buys about 350 loaves of bread today.
About the Author
Johnathan Spall has more than 25 years of experience with gold and associated commodities. He is currently the director of commodities at Barclays Capital, a division of Barclays Bank.
Get the key points from this book in 10 minutes.
For your company
We help you build a culture of continuous learning.
Comment on this summary
Contained in Knowledge Pack:
Knowledge PackAlternative InvestmentsFrom art to zinc – all you need to know about investing your money in nonfinancial products
Knowledge PackCommoditiesIf the commodities market, from oil to cotton futures, seems like a mystery (or if you just want a little gold of your own), start here to learn about all that glitters.
Customers who read this summary also read
Prometheus Books, 2015
Verso Books, 2015
Prometheus Books, 2016