‘Collapse of the Dollar’ now available in Spanish

2012-NOV-06

The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets, written by James Turk and John Rubino and first released in 2004, has just been published in Spanish. You might think that given eights years have passed since its initial release, the lessons it holds are now dated and less relevant. If so, you are mistaken.

As seen with Harry Browne’s book How You Can Profit From The Coming Devaluation (republished recently, but first published way back in 1970), some economic trends last decades. Investors who are smart enough to recognise these trends, and understand what causes them, can reap serious financial rewards.

The fundamentals underpinning the bull market in hard assets such as precious – and that, absent an almost inconceivable change of economic course in Washington, an increasingly weak US dollar – have strengthened since 2004. Back then, the Federal Funds Rate ranged between 1-2%, (compared with close to 0% now) and the term “quantitative easing” remained confined to academic literature, rather than a phrase describing everyday Fed policy. The federal government’s deficit was “just” $412 billion, compared with the trillion-dollar beasts they’ve become in recent years. Official figures placed the national debt eight years ago at 65% of GDP; today it’s over 100%.

As James describes in a new foreword for this version, though the book’s main emphasis is on the US dollar – because America is in his words, “the world’s most profligate society” – he notes that “Europe’s experiment with currency union is doomed as surely as is the dollar.” The euro is on “the slippery slope to oblivion”, with countries likes Spain facing a decidedly uncertain economic future.

Disquieting this may be, but it is not too late for you to protect your wealth – and perhaps even prosper – amid economic turmoil. Turk and Rubino’s book offers invaluable guidance to help you do this.