How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks

An excellent book that focuses on investing in precious metals with an emphasis on investing in mining companies. A wealth of information is provided on how to assess mining companies, the mining process from exploration to eventual production, the potential pitfalls, costs, permits, grades, reserves etc it's all in here. The author covers producers, explorers, joint ventures, royalty companies etc. He provides his own system to categorise the mining company types. Additionally he provides his own system, with several different measurements, to determine the investment potential of a company. I'm looking forward to testing them out but I am a little dubious about some of them, however these measurements are entirely flexible so can be adapted to your own needs; they cater for different investment personalities. Common ratios like P/E are dismissed as not really being particularly relevant to mining companies and I tend to agree.The author also covers investing in physical bullion and coins, ETF's, and options. He encourages you to diversify your investments within the precious metals arena and provides fair warning of the volatility of precious metals investing. Basic hedging and creating an exit strategy for your investments is also discussed.The early part of the book did feel a little US focused but don't let that put you off purchasing, it really is an excellent book for beginner to intermediate investors in precious metals. I invested in precious metal miners before buying this book, I have already seen some of my investments just this year alone increase by 500%, but I still found lots of information here very useful, especially a few pitfalls I wasn't aware of.Of course you have to study this book rather than just read it cover to cover if you really want to understand the precious metals arena. So expect to put the time in.The only real negative about this book is that there isn't an index section, that can be very frustrating.

Great book full of valuable information and advice, thank you Don!

A great book about gold and silver and investing in their mining stocks.

I had previously invested in PM mining stocks before I read this book. I used valuation techniques not suitable for the mining industry although they were solid stocks I have lost out on higher potential returns, which I realized after reading this book. I would recommend this book to anyone interested in the sector as it is easy to read and understand. The valuation techniques are basic but they point you in the right direction and great for comparing companies. The key to any investment is to buy low and sell high. This book provides the guidance to find undervalued stocks for out sized returns. It carters to those looking for minimum risk with decent returns and those looking for higher returns albeit higher risk.Don provides great advice on how to minimize any risks.It also provides great advice on buying precious metals. I have to say I agree completely with his recommendations.If you are new to the area of precious metals investing read this book as it with provide you with key information that I wish I had before I started.

Das Buch ist mit grossen Buchstaben geschrieben so dass eben ich es mit meinen alten Augen leict lesen konnte. Für 'Goldbugs' ist dieses Buch unbedingt zu lesen (it is a must). Ein besseres Buch über Gold Investments habe ich nicht gefundn.