The prospect of instant riches gives the mining sector an obvious glamour. And when the mining sector begins to run it can be an awesome sight and the excitement generated can be every bit as seductive and heady as that which enveloped markets during the internet boom. But due to the counter-cyclical nature of many mining stocks, they can also offer a valuable refuge when stock markets turn down. In this fully revised and updated second edition, Michael Coulson gives a masterly overview of the sector, explains both the rewards and the pitfalls of investing in mining shares, studies the history of mining booms and busts, looks at the latest, biggest importers such as China and India, and argues convincingly that mining should once again form a core sector for all investors.This book is for anyone interested in mining, and particularly mining as an investment. Whilst it contains material which will be useful to even experienced followers of the sector, its main target is those who are interested in mining but perhaps not particularly familiar with the sector, and would like to know more.All the subjects are covered that are fundamental to acquiring sufficient knowledge about the mining sector to invest in it with confidence.
While the mining sector's global focus is both educational and rewarding, on a more basic level the sector has been (and indeed still is) enormous fun to follow and invest in. This book reflects that and also provides some thoughts as to how this fun can be turned to profit.