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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 by James Turk, John Rubino  
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-based digital 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.

Table of Contents

Preface to the Paperback Edition     ix
Preface     xiii
Introduction     xv
Why the Dollar Will Collapse     1
Illusions of Prosperity     3
Fiat Currencies Always Fail     7
We Owe How Much???     17
Unbalanced Trade     29
We're All Reflationists Now     33
Money Then and Now     39
What is Money?     41
The First Golden Age     47
The Rise of Fiat Currencies     55
Gold's Role in Today's World     69
Why Gold Will Soar     73
Gold's Fundamentals are Positive     75
The Fear Index: We're Just Beginning to Worry     81
The Great Central-Bank Short Squeeze     89
Profiting from the Dollar's Collapse     97
Physical Gold     99
Gold in the Ground: Mining Stocks     107
Precious-Metals Mutual Funds     139
Other Precious Metals     151
Stocks, Bonds, and Real Estate: How Other Assets will Fare in a Currency Crisis     175
Aggressive Strategies     193
Twenty-First Century Gold     205
How Much Gold Should You Own?     209
The Confiscation Threat     211
Good Information     215
Epilogue: Tomorrow's Gold Standard     233
Index     241