The best thing about "The Coming Collapse of the Dollar" is that it is very well written, which makes it pleasurable to read and quick to finish. That way, you can start soon carrying out its sensible advice. It is a brilliant and intelligent presentation of all the facts you need to know to invest in gold and related assets. We all know that any family or household cannot spend more than it takes in, but that is exactly what the U.S. has been doing in spades for the last 25 years. At some point there has to be a day of reckoning. We will have to pay the piper at some point, and face the music of our own irresponsibility. What is playing out in the U.S. and the world economy has happened many times before to different great civilizations. "Collapse" describes the hyperinflations of the Roman Empire, England in the 17th Century, France under Louis XIV, the Continental Congress before the U.S. Constitution, and the Weimar Republic in Germany, which led to the rise of Adolph Hitler and the horrors of World War II. If you think it can't happen here, the book explains that all great nations have been hobbled by the inherent nature of governments to grow larger and try to satisfy competing constituencies within their own countries. When the gov't tries to satisfy and take care of everyone and runs up high debt, inflation through currency debasement is inevitable. But through all the assorted economic disasters, the people who have owned gold assets have weathered the storm and emerged even stronger. "Collapse" describes not only the history of currencies, the characteristics of real money (gold), the situation with the U.S. economy and our trading, entitlements and fiscal dilemmas, but also features whole sections devoted to what will happen to real estate and equities, being a debtor vs. being a creditor in the coming crash, how to invest in digital gold currencies, gold mutual funds, a section on options, gold ETF's, bullion coins vs. numismatics and semi-rare coins, gold storage and also other precious metals like silver, platinum (white gold) and palladium. There's even sections on the threat of government confiscation with a review of the 1933 U.S. confiscation, different scenarios which we might experience in the coming decade, an appendix with recommended books, web sites, and recommended newsletters to learn more. If you think that a crash and hyperinflation can't happen here, then how do you explain the 15-year recession in an ultra-modern democratic country like Japan, where the system is on the brink of collapse if anything goes wrong? No matter which conclusion you come to, what is undeniable is that if you do not buy at least some gold as part of your portfolio, you are leaving yourself wide open to disaster. You should probably buy a lot. This book covers every relevant area of gold investing and the rationale for gold, and does so in an easy to read and highly enjoyable way.
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Top reviews from other countries
Pranav Bhosekar
A book that lives up to its name
Reviewed in India on November 27, 2017Donald Barlow
Everyone should read this.
Reviewed in the United Kingdom on July 17, 2012
vikingraider
Very Enjoyable and Factual
Reviewed in the United Kingdom on November 1, 2007
