A Pocketbook of Gold

Justacommeman

by Jim Sinclair and Peter Carlin................I received this book today and read it cover to cover on the plane. A great gold primer, full of information, stats and chock full of commen sense anecdotes. I highly recommend it. I ordered from the JSMineset.com website. MJ

sbeverly

MJ

Is there any new information in his book that he hasn't covered in
great detail since he put up his blog?

I was considering ordering it but, I have both Compendiums, and I thought
that the book would be comprised from the gold nuggets of wisdom contained
in the very detailed Compendiums.

Justacommeman

I wouldn't consider my library complete without it......I will be gifting copies to my clients, friends and family. MJ

KUCH

What was that one thing (profound thought, idea, belief)...... in the book?

Justacommeman

<< <i>What was that one thing (profound thought, idea, belief)...... in the book? >>


Roosters are coming home to roost...............MJ

sbeverly

I wouldn't consider my library complete without it.....

Although you didn't answer my question, thanks for the reply.

Justacommeman

I'm sorry SBev! This book is a readers digest compact version. A handy reference and a curious read none the less. MJ

sbeverly

MJ,

Thanks for the reply, I went ahead and ordered it regardless.

Even though it may have redundancies, I re-framed my purchase decision by thinking
that I am exchanging fiat dollars for golden information.

trozau

Are they still playing catch-up on delivery? I just put in an order, as well.

sbeverly

Are they still playing catch-up on delivery?

I don't know but, it's been my experience that they are slow to ship.

Justacommeman

Mine took about a month to receive. MJ

greatnortherncoin

hows the spelling

sbeverly

Link

pragmaticgoat

<< <i>Are they still playing catch-up on delivery? >>



order April 8th, still not here yet...reminds me of the UHR delivery

trozau

Got my book in the mail, today. Did not expect it to be that thin. Thought I was gonna have to read it for at least 2 couple of days.

botanist

Recently received this book, and would give it a mixed review. In my mind, the most useful portion contains the absolute demolition of the idea of ever buying or investing in paper gold of any kind, with extensive expert explanations of almost every possible pitfall. The authors clearly and convincingly argue that if you purchase gold, you better have it in its true material metallic form, actual Au, under your direct control.

The rest of the book I found to be wishy-washy. The authors would like to have a gold standard for all currency and transactions, as also advocated by Ron Paul, but that isn't going to happen and would be financially disastrous as explained for example by Jon Nadler in one of his columns from last February: http://www.kitco.com/ind/nadler/feb222010.html

If buying gold coins, the authors specifically recommend only kruggerands or maple-leafs, and belittle or ignore all others. Why not US gold eagles or buffalos? If it were me, I'd have suggested US 99.99% gold buffalos, why not? And the authors assumed the US dollar index was immediately headed downward from 72 to 62 and 52, but here it is today in the mid-80s.

And yes, as someone else in this thread has intimated, the book could have greatly benefited from careful editing, as the abundance of missing words, wrong spellings and careless sentences is annoying.

LINKlink

Justacommeman

<<And the authors assumed the US dollar index was immediately headed downward from 72 to 62 and 52, but here it is today in the mid-80s>>

I don't remember seeing those figures in the book nor the authors saying it was heading down immediately. Maybe I just missed it. What page(s)? TIA.

FYI- Sinclair has never been great on timing but usually gets it right in the end. MJ

botanist

Hi, First of all thank you for originally recommending this Sinclair & Carlin book, since those who don't get to read it are missing out on something worthwhile. As for the ideas of the authors about the US dollar, they are dispersed throughout the book, expressed as the imminent urgent decline of the dollar, and I merely summarized them based on my comprehension and recollection of the overall message. As an aside, not mentioned in the book as far as I recall, it's quite obvious that the basis for the US dollar index needs to be revised, since the index now weighs the US dollar too much against European currencies.

Justacommeman

The reason I was asking was those are the numbers/levels JS has been professing on his site for years now. I was kind of looking for them in the book and didn't see them. Again, I could have missed it ......glad you got something out of the book, I know I did.............MJ

botanist

Hi MJ, Yes, those three numbers, 72, 62 and 52 were mentioned on page 133, although in that location not in the same context as I stated. My statement in that regard was a generalization, which may have been somewhat exaggerated. Thanks for not calling me out for getting wrong the spelling of Krugerrand, which deserved a slap in the face after complaining about the spelling mistakes of Sinclair & Carlin. And finally, I'd never have bought the book without your recommendation, so please take that as a compliment.