In the aftermath of the Financial Crisis and the record run ups in spot gold and silver, the third and final edition of the ABC’s of Gold Investing was released in 2013.  At the time of print, the American debt stood at a ‘mere’ $15 Trillion.  Central banks had just become net buyers of gold for the first time in decades.  Quantitative easing was the shiny new tool in the Fed’s monetary tool kit.  Inflation remained inexplicably at bay – for the time being at least.  And gold and silver had begun slow and steady declines from their highs that would last until 2015.  All the while, demand for precious metals continued to be strong, reflecting a broader shift in investor sentiment.  Though in many ways, and like many economics texts of the era, it was already outdated by the time it went to print, the third edition of the ABC’s of Gold has come to be valued and appreciated more for the long-term disturbing trends it highlights, and the timeless guidance it provides on navigating the world of physical gold and silver ownership.

Michael J. Kosares passed away on September 7, 2023.  Near the end of his life, he toyed with the idea of updating his book one last time, but chose instead to pour his efforts into his monthly newsletters and special reports.  An archive of his most memorable work during this time period is available here.

From the introduction of the third edition, insight into Michael J. Kosares’ thoughts in 2013:
“A sense of anxiety, it would seem to me, comprises the rational response.  Though we live in an age of gold, given its nearly ten-year bull market, it has not been in any sense a golden age…Now a new motivation for gold ownership has entered the market, one rooted in a dynamic shift in gold’s supply-demand fundamentals.  There is a sense of change in what is required in the modern investment portfolio to counter economic uncertainties over the long term.”

We have a limited number of copies of the third edition of the ABC’s of Gold Investing available for anyone who may be interested in procuring a paperback copy.  Simply pay the cost of shipping ($10), and we’ll send you a copy otherwise free of charge.