If you considering purchasing gold, then it can be a good idea to read a few books about the fundamentals involved in precious metals investing.
Although there are many gold investing books that are available, there are just a few that provide actionable insights to readers to help them get started with their investment strategies.
The best part that comes with reading books that are written by experienced investors is you receive decades worth of experience distilled down into a very short reading experience.
To help make things easier for you we have come up with a list of the top books you should read before getting started with gold investments.
Before we get started with this article:
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We included some information on the authors as well along with the theories underlying their messages.
The following are the 10 best books that you can teach you to get started with gold investments.
by Michael Maloney
The underlying concept of this book is that if Western Civilization were to fail it would be an orderly and slow, long descent down to the bottom.
Those people who had enough foresight to collect precious metals would then be able to reap the lucrative benefits from their investments in the middle of all of the chaos surrounding them ( which is why doomsday bunkers are supposedly being created by the elitists) while the crowds of have-nots were raging.
The first part of this book covers several economic histories and over the years educates you slowly on how silver and gold have always represented the surviving reserves for surviving the economic turbulence of the era. This book covers a lot more as well.
Mr. Maloney has consolidated several years' worth of analysis and research in a book that a layperson can understand. I highly recommend that you check out his YouTube channel as well since it offers first-rate quality information.
by Paul Mladjenovic
This might be the best book to help you get started if you are a total beginner to investing in precious metals like gold.
The book starts out by explaining the potential risk as well as the advantages that are associated with gold investment.
If you would like to develop a solid long-term investment strategy, then It is critical to thoroughly understand what you are getting involved with.
You will learn all about the fundamentals of purchasing, hold, and selling gold as an investment. . Mladjenovic does a great job of providing you with the confidence that you need to start trading even if you are not an experienced financial wizard.
This book covers precious metals along with a couple of conventional materials like steel and copper. By the time you have finished reading the book, you will have a good understanding of gold investing and can start to trade.
by James Rickards
Many authors who provide financial advice have a tendency to spend a couple of chapters bragging about their achievements.
Rickards has left all of that fluff out and dives right into the important information.
One of the best things about this book is it gets straight to the point.
The author does a great job of getting to the important points quickly, so it feel so easy to read through the entire book.
Depending on how quickly you read The New Case for Gold can be completed in a weekend.
Rickards also provides readers with an optimistic view of gold's future. You will learn all of the basics that you need to know in order to get started investing and be give some long-term investment ideas as well. Scholars with PhDs in economics back up all of the key points that are referenced in this book.
by Nathan Lewis
Gold is definitely one of the oldest currencies. People have been trading gold for thousands of years, and in today's modern world still holds great value.
Lewis takes a deep dive into the history of gold along with important events such as past economic crises, taxes, and the gold standard.
The investment community understands that gold is a very stable asset and during economic crises can come in very handy.
The author explores this concept thoroughly and tells you how gold can be used to hedge against inflation.
Some terms might be advanced. However, you can still learn a great deal about the advantages of purchasing gold, even if you happen to be a complete beginner.
This book is loaded with historical information, so reading it can be fairly entertaining whether or not investing in precious metals is something you are interested in.
by Doug Eberhardt
Even if you don't plan to invest in gold it can be beneficial for you to read this book.
It is a very easy and quick read and the author does a great job getting his points across.
The book begins with an explanation of the world economies and the ways that your investment portfolio can be impacted by precious metals.
However, Eberhard believes that the government is setting all of us up to be financially ruined.
Although that can be an unsettling thought, there is still solid advice on how your individual financial situation can be protected.
The author thoroughly covers where to purchase gold. He points out that there are many gold dealers that are out there attempting to scam people and what you can do to avoid being cheated out of your money.
by John Katz and Frank Holmes
This book will provide you with a good look at the way precious metal values are impacted by the economy and at historical gold prices.
Katz is an experienced investor who shares his own personal experience and knowledge about gold investing with his readers.
That means this book is one you can refer to again and again throughout your gold investing journey.
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He thoroughly discusses how the price of gold can be impacted by government policies and signs you should look out for prior to investing. Once you are armed with this information you can continue to make safer and safer investments as you continue to gain additional experience.
The authors also works to debunk several myths about buying gold that tend to be spread within the community. Once you have finished reading this book you will be well prepared to start investing in gold.
by Michael J. Kosares
The book will provide you with all of the basics about purchasing precious metals that you need to know.
The book begins with a comprehensive background on investing in gold and the history of gold.
The book also discusses how precious metal values can be impacted by economic crises and governments.
Kosares is a highly experienced gold investor and comes across as an authoritative figure.
It isn't necessary to follow all of the advice that he gives, but you can definitely gain some valuable insights into long-term gold investing.
So if you are not sure whether you want to invest in gold or not, this book can help to clear up any misgivings you might have. It thoroughly covers the pros and cons of investing in gold as well as the mistakes that beginners need to avoid.
by Peter L. Bernstein
This book provides the ideal combination of market data and investment strategies to help new investors make sound decisions.
This is a great book for beginners since a long-term realistic plan is laid out to use gold to build wealth.
If you are debating whether or not it is a good idea to invest in gold, this book will provide you with some insights into the significant advantages that come with investing in precious metals.
Bernstein provides a thorough statistical analysis of the market to get beginners excited about investing in gold. As a beginner, it might be difficult to understand some of these points.
However, after you have finished reading the book you will have become a gold market wizard.
by Adam Baratta
This book covers concepts that can be difficult for beginners to grasp, so it might be better suited if you have a general understanding already of the way gold investing works.
It thoroughly examines gold investment trends that are directly correlated with Wall Street.
A heavy focus is placed by the author on how gold can be used to build wealth that runs contrary to the advice that many high-level investment bankers give.
To thoroughly understand these concepts, you will need to stay current on investment terminology, so beginners might be confused while reading.
However, you can still learn a great deal about the fundamentals of investing in gold to build long-term wealth.
by Kevin Corcoran
Whenever people think about purchasing gold, the first thing that comes to mind is a tangible bar or coin that is safely stored inside a vault.
Although that is a very popular option that is available, gold mining stocks can also be purchased by investors to help further diversify their portfolios.
This might be the best book to read if this is something you are interested in.
The author has included contributions from several different experienced gold mining investors that provide beginners with valuable tips and advice.
The experts all talk about their victories and their mistakes to provide a comprehensive overall view of this investment method.
This book is useful for anyone wanting to get into precious metals investing, and also provides great information on the overall gold mining industry. It is a very exciting book to read and loaded with invaluable information on an industry that is not well-known.
Summary
There are definitely many books available that can help you get started with investing in gold. The ones discussed above are well-suited for beginners and more experienced investors will be able to discover some important facts about precious metals and economics that they probably were not aware of.
For more gold investing tips, please check out our other articles. We provide both experienced gold investors and beginners with invaluable information and advice.