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Christian Campfield

New York | Member Since 2001

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  • Gold Bubble: Profiting From Gold's Impending Collapse

    • UNABRIDGED (9 hrs and 9 mins)
    • By Yoni Jacobs
    • Narrated By Norman Dietz
    • Whispersync for Voice-ready
    Overall
    (7)
    Performance
    (6)
    Story
    (5)

    How do TV shows, vending machines, Chinese taxi companies, and a former UK prime minister point to a gold bubble that is about to burst? Many investors consider gold a "safe haven" that will shelter them from recessions, falling markets, and the depreciating value of currency. Many fail to realize, however, that investing in gold at these levels is extremely risky. "We Buy Gold" stores line busy streets, gold miners are no longer protecting themselves from a potential drop in prices.

    Christian Campfield says: "Gold is not in a bubble...... yet"
    "Gold is not in a bubble...... yet"
    Overall
    Performance
    Story
    Would you say that listening to this book was time well-spent? Why or why not?

    Not really since the author's premise is wrong. But is may be good for some people, especially if you are against the wisdom of gold for the long term. It will confirm your views.


    Has Gold Bubble: Profiting From Gold's Impending Collapse turned you off from other books in this genre?

    The book is well researched and he makes some compelling points. The problem is that he misses the whole idea of a bubble. "Overvalued" and a "bubble" are different things. Ultimately he claims that since he was able to identify Netflix when it was overvalued, he is an expert on identifying bubbles.There is a lot of good research in the book, but gold is not in a bubble. Look at it this way, a bubble is very easy to identify. A bubble is when everyone has it. How many people do you know that have 5% of their assets in gold? At the peak of the NASDAQ bubble, how many people did you know that had 50% of their assets in equities? See the difference?From time to time gold might be considered "overvalued" as it makes near term highs, but in the longer run this is not yet a bubble.

    I think it is a good idea to take in many different points of view, so this book was interesting in that sense.


    Which character – as performed by Norman Dietz – was your favorite?

    The narrator was good.


    Do you think Gold Bubble: Profiting From Gold's Impending Collapse needs a follow-up book? Why or why not?

    In a few years will he write a follow up book that is titled, "Ok, I Was Wrong Last Time, But Now Gold Really is in a Bubble,"?


    Any additional comments?

    He does mention some other assets that may be worth looking into such as platinum and diamonds. Just remember that a bubble probably will arrive in gold one day, but only when everyone is convinced that it can't lose. When most of the people you know think that only a fool would sell his gold, then it may be time to get out. I am not a gold bug at all. I am just using common sense observation.

    0 of 0 people found this review helpful

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