- Paperback: 272 pages
- Publisher: Crown Business (January 29, 2008)
- Language: English
- ISBN-10: 0385512244
- ISBN-13: 978-0385512244
- Product Dimensions: 5.2 x 0.6 x 8 inches
- Shipping Weight: 8 ounces (View shipping rates and policies)
- Average Customer Review: 49 customer reviews
- Amazon Best Sellers Rank: #319,050 in Books (See Top 100 in Books)
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The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets Paperback – January 29, 2008
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“There is a crisis coming, and it will cause a collapse in the mountain of credit fostered by the monopoly central banks of the world. Read this book and find out how you can protect yourself while there’s still time.” – Robert R. Prechter, author of the bestseller CONQUER THE CRASH.
From the Inside Flap
The dollar is in trouble. It has fallen against other currencies for the past three years, and now its orderly retreat could well become a rout. This spells potential disaster for the American economy--and potential riches for a few smart investors. In "The Coming Collapse of the Dollar and How to Profit from It, financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will plunge, and how you can profit from the resulting financial crisis.
The U.S. today is the world's biggest debtor nation, printing money with abandon to sustain the illusion of prosperity. The federal government owes $7 trillion and its debt is soaring. As a society, we owe more than $37 trillion, or about $500,000 per family of four. Our trade deficit with other countries is staggering, and to finance this mountain of debt we're flooding the world with dollars. The inevitable result: The dollar will decline until it is displaced as the world's dominant currency. Precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system.
Traditionally a haven during times of uncertainty, gold has risen dramatically since 2001. By the fall of 2004 it was up by nearly 50%, at over $400 an ounce. But this is just the beginning.
James Turk, a leading gold authority and the founder of GoldMoney.com, and veteran financial writer John Rubino, show readers how to capitalize on gold's dramatic climb. In "The Coming Collapse of the Dollar, Turk and Rubino reveal which stocks and bonds will falter as the dollar declines and why that decline is virtually inevitable. They offer strategies for using gold coins, gold stocks, gold-baseddigital currencies, and other hard assets to create a "profitable portfolio. And they explain how to make the most of your gold and other precious metal holdings, identifying the opportunities and pitfalls of buying gold mining stocks and the mutual funds that invest in them.
America's debt binge has put its economy at grave risk. The value of the dollar is falling; many stocks are once again wildly overvalued; and bonds, tied to an ever-diminishing dollar, are a disaster waiting to happen. By investing in gold and other hard assets, Turk and Rubino explain how you can protect yourself from these dangers.
"The Coming Collapse of the Dollar and How to Profit from It is a must read for every investor, whatever the size of his or her portfolio.
For more information, visit www.dollarcollapse.com.
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I always enjoy reading books from those who called the financial crisis. This book is a classic analysis on the gold market and how to profit from what will most surely be a bumpy ride, but one which need not be unprofitable.
It is an interesting read about the US economy and how it's intertwined with the global economy. And how and why it's going to end so that you can begin to prepare for a different world. A world where the economic philosophies are not vastly different, but different none-the-less.
It is not overly detailed, but I got what I needed. Clear and helpfully written, aside from a brief sales pitch about of the writers products, it provides an impartial analysis.