An exhaustive investor handbook presenting the first rigorous framework to value gold and understand gold attributes in an asset allocation. It also offers a unique perspective by taking a non-US centric view on gold investing. Contrary to popular beliefs, the US government is prone to default. Indeed, it has already defaulted in the past century (1934, 1971), incurring large losses on the back of non-residents. It is very likely it will continue to do so, and for non-US residents, holding gold is a low-cost insurance to holding US Treasuries.
US to default (again) As an avid investor and Federal Reserve watcher, I found this book to be a wide-ranging and thorough treatment of gold as a hedge against any future default by the US. Mr. Asad-Syed gets off to a great start by exploding the popular myth, reenforced by President Obama himself during recent debt-ceiling battles, that the US has never defaulted on its obligations. Not true, according to research documented in this book. Knowing that it has happened before, Mr. Asad-Syed lays out how it is…