Excerpt from How to Speculate in Mines Being an Exposition of the Principles of Investment and Speculation: With Descriptions of Mine-Developments, and Principal Gold Fields and a Glossary of Mining Terms In undertaking the task to instruct the ordinary capitalist how to speculate in mining shares, I am well aware that it is no light and easy one, but is beset with many and formidable difficulties. I can but tackle it, however, and attempt to overcome those difficulties, leaving it to others to judge of the success that I may attain. A book of this kind is, I think, greatly needed, for though one or two have been published during a long course of years, they have been by no means exhaustive enough, nor even lucid enough to satisfy the needs of the layman and amateur investor and speculator. I hope that my little work, therefore, will supply a much-felt want, and be of real help and use to those for whom it is written. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Excerpt from How to Speculate in Mines Being an Exposition of the Principles of Investment and Speculation: With Descriptions of Mine-Developments, and Principal Gold Fields and a Glossary of Mining Terms In the pages that follow. But during the many years I sat in the editorial chair of the M'uing Journal I learnt a great deal, and the fruits of that knowledge and experience I now offer to the acceptance of those whom they concern, and to whom I hope they will be of some benefit. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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The book considers when governments should give guarantees to private investors. After describing the history of guarantees, and the challenges the politics and psychology create for good decisions, the book sets out a principles for allocating risk (and therefore guarantees), techniques for valuing guarantees, and rules to encourage good decisions.