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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 | 
| Authors: James Turk, John Rubino
Publisher: Doubleday Business
Category: Book
List Price: $14.95
Buy New: $8.40
You Save: $6.55 (44%)
New (36) Used (6) from $8.20
Avg. Customer Rating:  45 reviews
Sales Rank: 2100
Media: Paperback
Edition: Reprint
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 0.4
Dimensions (in): 7.8 x 5.2 x 0.8
ISBN: 0385512244
Dewey Decimal Number: 332
EAN: 9780385512244
ASIN: 0385512244
Publication Date: January 29, 2008
Availability: Usually ships in 1-2 business days
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Product Description
The dollar is in trouble. Its value on foreign exchange markets has been falling for the past six years, and now its gradual decline is about to become a rout. This spells big trouble for the American economy—but potential riches for smart investors. In The 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 continue to plunge, and how you can profit from the resulting financial crisis.
The United States today is the world’s biggest debtor nation. To finance this mountain of debt, we’re flooding the world with dollars. The resulting oversupply of dollars will cause its value to 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.
James Turk, a leading gold authority and the founder of GoldMoney.com, and John Rubino, editor of the popular Web site DollarCollapse.com offer strategies for investing in gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a profitable portfolio.
The Collapse of the Dollar and How to Profit from It is a must read for every citizen and investor.
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| Customer Reviews: Read 40 more reviews...
 Bail outs may lead to Collapse of the Dollar... Buy Gold/Silver Now!!! September 25, 2008
2 out of 2 found this review helpful
If you understand the fiscal situation this country is in, the place the elected & non-elected officials wanna take it, and what will happen after that has taken place, this book is dead on.
Monetary policy in this country(USA) has been flawed since the inception of the federal reserve system in 1913. The Monetarist economists(Widely known as Anna J Schwartz & Milton Friedman) blame the fed's lack of action as the cause of the great depression. They believe if the fed had intervened and created a little more inflation at the time the deflation was occuring(aka Deflationary Depression), the Great depression would have lasted only 1-5 years. Ben Bernanke (current FED Chairperson) believes this theory, that's why he's currently inflating that debt away through bail-outs.
On the other hand, Hard money Economists (aka Ludwig von Mises' Austrian school of economics) blames the fed completely for the Great Depression. Since their inception in 1913 the fed has fueled massive credit bubbles and the roaring 20's were no different. From 1913-1919 the fed increased the money supply by around 50% leading to the credit induced boom known as the roaring 1920's. When they finally called in all the inflationary credit they had put out, it killed the economy. Instead of letting the money stay out, they kept deflating the bubble which fueled the longest economic downturn in US history.
Today our economists and financial leaders will make sure not to repeat that mistake again. The system will not be allowed to go broke, almost everyone will get a huge bailout, and when they do, the countries who hold our short term US debt will begin dumping it, due to its losing value thanks to the bailouts.
If you believe the dollar is gonna take a hit over the next 5-10 years, then dedicating some of your portfolio (10-25%) to precious metals and watching what happens is going to be very exciting. If you paid attention to the 60s & 70s, you would notice some odd but scary similarities, huge needless wars followed by inflationary downturns in the economy. The 1970's bad economy was the price for the 1960's vietnam war. Remember, Nixon took us off the Gold Standard in 1971 when gold was only $35 an Ounce(today its ~$900). During the 70s the DOW Jones only gained 10 points but gold jumped almost 24 times, silver more. This time its gonna be a lot worse. I think physical silver is the best deal, as long as you can find some quality physical without a high retail purchase fee.
James turk is a pro and this book ranks high on the list of profit from the coming gloom & doom books. If you want to implement a section of your portfolio into precious metals this book is a great way to learn some very helpful tactics. He writes about what types of Precious Metals investments you can buy: Physcical(keep@home&vault), Paper(futures/options), Mining stocks, Numismatic, but doesn't really mention his world-renowned service called GOLDMONEY.com located in British Jersey,UK. I personally have an account with GoldMoney.com and I feel its a one of a kind service. It keeps part of your wealth outside the US, which is very important. My say is Pick up the book and Partake in the Precious Metals bull market that will last for the next 5-10 years minimum, and create some wealth during the bad times we're gonna go through :)
I also recommend the book CRASHPROOF by Peter Schiff (he recommends GoldMoney.com)
THE best overview and summation of the economic abyss almost here... READ AND TELL YOUR FRIENDS! May 26, 2008
2 out of 2 found this review helpful
TO: Mr. John Rubino/Mr. James Turk BRAVO on your tour de force book that lays out the Truth, unencumbered, and with sobering and simple recommendations on how to save ones self from financial ruin in the next couple of years, and now for that matter.
The comparisons of other empires that have economically collapsed (due to fiat currencies, fractional reserve banking, etc), most mighty nations in history, is an invaluable inclusion to the beginning of the book to give unaware readers perspective at how close to the edge the United States is.
Since 2000, this is what I have been telling people and you both are the first ones I have really seen to make the case in clear terms and dire warnings, with simple steps to protect ones self.. You guys are the best and your book has been a GOLD mine, literally... You guys strike at the heart of the Truth and expose it good, bad, ugly..
This book is small enough, inexpensive enough, and valuable enough to buy a dozen copies and hand them out to relatives, good friends, and those you care about... Simple enough for the economic laymen (most of Americans) to wake up to! People with HUNDREDS of thousand's of USD$$$ in stocks, bonds, over leveraged homes/real estate, etc etc.. This book and information is vital to their future. They could save themselves but unfortunately many will choose not to and will bury their heads and follow the herd of "mainstream" money managers...
I will keep on tyring to wake people up and inform them of the peril ahead, though sadly few have listened to me since I was recommending gold at $320 in 2001 or so... Silver at $5 back then too... Sometimes I am ashamed to be American because of my fellow Americans who have lost their critical thinking skills, independent thought, discernment, and a healthy ongoing distrust of government and Elites... to be and STAY free and economically sound, as an individual, family, or nation, we MUST be informed, vigilant, and critical of all orthodox information and mainstream opinion and most of all, government promises...
You guys are the bright spots of Truth in American economics! BRAVO!
The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets April 6, 2008
1 out of 2 found this review helpful
Oh Wow.. Every one should get this Bible. Amazing; it gives you deep details how to profit from precious metals, and gold on top of them. A question to all; who created Gold? Answer is "God." Now who created Dollar? Answer is "Human." In the end Who will win God or human? Answer is left to all of you!!
NEW PAPERBACK (w/ 2007 #'s) --- A MUST READ!!! February 28, 2008
1 out of 1 found this review helpful
For anyone interested in the dynamics of our falling dollar, this book: "The Collapse of the Dollar and How to Profit from It" is a must read. I was led to it after reading the author's: "How to Profit from the Coming Real Estate Bust." I was delighted to find: "The Collapse of the Dollar's" paperback version updated (containing 2007 numbers)! It's amazing how visionary the author has been. Morover, the book is easy to read/understand. I highly recommend...
This book has been a big help to me February 24, 2008
4 out of 4 found this review helpful
I bought the book when it first came out. More importantly, I ACTED on the book's advice. I bought gold, silver, Goldcorp(GG) and a lot more. Goldcorp was selling for about $12 per share at the time. Gold hadn't gone beyond about $430 per ounce. The dollar was trading much higher than it is now. Goldcorp is now at about $40 per share. Gold is near $950 per ounce. Silver is at $18 per ounce. Suffice it to say that if I ever have the chance to meet Mssrs Turk and Rubino in person, I will pick up the tab for dinner!
I had to smile when I read some of the reviews which have been posted on this site. I guess that some people still do not "get it" when it comes to the role of gold in protecting assets and purchasing power. Although the book's title speaks of making a fortune by investing in gold and hard assets, this book is not really a get rich quick book. It is a survival book. With everything that has been happening in the financial sector, the most important thing for all of us is to protect what we have!
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