[download Gold By Matthew Hart] DOC ↠ Matthew Hart
As somebody with a not insignificant position in precious metals this
a fairly book for meMy bet on metals was as Hart explains at a certain point in the book a hedge against the the inherently instability of the current monetary systemThe problem is that while it is an effective hedge it still carries no inherent value besides what people give it Or as Hart says at one point what you are realistically able to redeem in a moment of crisis If the economy collapses in a moment precious metals are only worth what you can get for them effectively nothingWhere Hart succeeds is in really fleshing out the story of what that gold means and where it comes from He digs into everything from African gold mining to the move away from the gold standard in the Nixon era to ancient attitudes toward and methods for extracting goldHe also delves into the existence of the paper gold market than I imagined he would and he makes a strong case for the fact that ETFs have bumped gold off its reserve status Because paper gold is so easy to trade especially given the wildly irrational amount of trading on the market relative to the actual reserve of gold in the world it s little than any other commodity at this pointIt s made me reconsider my stance on metals a little bit though perhaps not enough to move away from the positions I already haveIn all though this is a really great primer When you can tie abstract financial instruments to brutal tribal violence in the Congo I think you ve done your journalistic due diligence Good for the first few chapters Gold Saving Has Always Been has always been of smart investment alternative recommended by top 4% people due to its continuous increasing value year on year its characteristic and its history for globalwas a fairly
Monetary StandardUnlike Diamond Which AllstandardUnlike diamond which all marketing gimmicknot an investment and its price eep detriment with its age gold is beneficial and competitive against the inflationThere are many geeky gold words in this book and many people names related to the race of this metal globally I can feel the author s gold geekiness from his writing style A typical hard book for me but there s lay the challenge as hard book will train your brain to think differently and become creativeOne thing I learn during my struggle of reading hard book is having clear objective on why do I read the book help me so much to finish it and this learning also applies for life in general From BBC Radio 4 Book of the WeekFrom the Pizzaro brothers who pillaged Peru for Inca gold in the 16th century to the modern day Mponeng mine in South Africa the deepest in the world where the ghost miners illegally siphon off millions the pursuit of gold has led to wars insurrections betrayals and bloodshedMatthew Hart charts a course through history and across continents to tell the story of the world s most coveted metal Part history part journalism and part economic analysis Gold tells the story of a human obsession that shows no sign of abatingIn 2008 when the financial crisis rattled economies investors inevitably resorted to the perceived safety of gold and its price escalated from 800 to 1900 an ounce This in turn accelerated the exploration for yet goldMatthew Hart is a journalist whos. From the lost empires of the Sahara to today’s frenzie.
Download ´ PDF, eBook or Kindle ePUB free ½ Matthew HartE work has appeared in The Times Granta The Atlantic Monthly and The Globe and Mail He has written two IMAX films numerous TV documentaries and appeared on CNN Sixty Minutes and the National Geographic channel His previous books include Diamond The History Of A Cold Blooded Love Affair which was filmed as a documentary by ABCAbridged by Pete NicholsProducer Karen
RoseA Sweet Talk Production ForSweet Talk production for Radio 4httpswwwbbccoukprogrammesb03k An interesting book that only hints at the seductive nature of gold on the human mind It touches points in history where gold fever ripped apart civilizations and how it is doing that today I see the book as an overview into the mystiue of gold Why do we value it so Why do miners eep pulling it out of the ground Gold has only "A Few Industrial Scientific Uses Many Only "few industrial scientific uses many only the last 10 15 years But gold has captivated people for thousands of years In some societies it was used for adornment or decoration such as the Incas Others it was a store of value Europe or China Even today the markets trade it but it still has an aura of exotic and mystery about itThe author spends time at the gold mines and with
the financial traders trying to understand what gold does to modern society In such afinancial traders trying to understand what gold does to modern society In such a book he can only touch on some points and hint at othersFor me I learned that there were Chinese and Vietnamese influences in Incan gold art This was mentioned in a single sentences along with how a thousand years of culture was melted down by the Spaniards I m fascinated by the native cultures of the Americas for they were much advanced than anything in the world at the time I want to see how much further this thread moves as to how southeast Asia and the Pacific side of South America interactedI also learned about the rich civilizations found in the interior of Africa Now I want to find history books that detail the life and times of these advanced cultures before the Europeans destroyed them in their thirst for goldSo a good overview that will act like a prospector map to other interesting history that you may never have thought existed I found this to be a fairly interesting read He looks a bit at the history of how gold was used by other past cultures in an artistic way or in a sacramental way and then how it was used as a store for wealth and sought by European explorers He explains how the dollar became the world s reserve currency and at what point the dollar was removed from the gold standard He travels all over the world to gold mining sites which all sounded rather hellish When economic times seem insecure investors often turn to gold as a safe place to store wealth but he raises uestions about thatIn speaking with a South African gold executiveWith consumables it s easy to judge price he said If one pair of shoes costs 200 and another pair 300 you compare them and make your choice If you want a bond you compare interest rates But if you d A good book when you re looking for a light low stress non fiction read The twelve chapters tell twelve largely independent stories about the history geology politics and economics of goldWhat I didn t like1 Many times during the book the author says something that gives me the impression he s just now learning about. D global gold rush a blazing exploration of the human lo. ,
All of this stuff himself too Which just doesn t *give the non fiction reader much confidence I felt like I new about some of the information covered than he * the non fiction reader much confidence I felt like I Black Beech and Honeydew: An Autobiography knew about some of the information covered than he What did he get wrong that I don tnow about2 One sided presentation of some topics like the value of gold as a monetary standard or as a financial hedgeWhat I did like1 My favorite parts of the book were the parts about the geology of gold where can you find it why there how did we find "it The discussion of invisible gold diffused within porous rock is especially "The discussion of invisible gold diffused within porous rock is especially I liked the politics and history stuff too although it was often sad the unbelievable corruption in China and parts of Africa the treatment of the Incas under Pizarro etc R4 BOTW Our collective attitude towards gold is odd Although the stuff has few practical uses and hasn t been linked in any official way to currency since President Richard Nixon took the United States off the gold standard embedded in the Bretton Woods accord many still view it as a safe place to store wealth If the price of the stuff wasn t so volatile and if the stuff could be readily exchanged for everyday needs that might be true But it isn tAlthough Hart devotes a few pages to the place of gold in history and about stealing the stuff he mainly describes current industrial gold miningStill we are fascinated by the stuff and the price has certainly increased greatly since Nixon s decision prompting an increase in gold mining Hart examines mining in South Africa Nevada China Outer Mongolia in the Congo and in Senegal In the poorer countries industrial mining is always accompanied by small scale mining as locals try to get in on the action THis small scale mining can be a form of theft as when people in South Africa sneak into old now unused tunnels of industrial scale mines and mine the remaining ore Or locals may mine in the area around the big mine Finding gold often seems to be in part a cat
AND MOUSE GAME IN WHICH COMPANY GEOLOGISTS AND LOCALmouse game in which company geologists and local scrutinize where each other has found or looked for goldThe structure of official mining industry is divided into companies called juniors who look for new gold deposits and seniors who exploit the deposits found by juniors It is the goal of juniors to be bought out at the highest possible price by a senior The financial center of gold mining is Toronto which surprised me I would have thought it was New York or London or maybe South Africa Extracting metallic gold from ore involves deadly chemicals The favored industrial process reuires cyanide local informal miners may use instead the older less efficient process that involves mercury Hence gold mining has the risk of serious environmental damage Reading this book made me go back to my college days regarding the gold standard and government monetary policy This is a really good book on one of the world s precious metals The author discussed gold s importance to the world economy the history of why it became important and then on to people and government s attempts to mine itMatthew Hart writes with flair and wit and it is actually an entertaining read especially the part where the story took him to various gold mines in China Africa and South AfricaHad a great time reading the boo. Ve affair with gold by the award winning author of Diamo.