Book review Profiting from the World’s Economic Crisis by Bud Conrad
The book is a must read for everyone who wants a clear understanding why the economic collapse could happen and happened and why it is far from over. Major problems we are dealing with now are federal budget deficit, trade deficit and health care. This will ultimately lead to the collapse of the dollar. Everything backed up with fantastic graphics and analyses.
The main question for the future is: Who will buy our government debt?
Dollar weakness is the central theme of the book and investing directly against the dollar can be done in many ways. Bud Conrad, gives opportunities that do not require investments in other currencies. The trade of the decade is going to be interest rates, but there are more alternatives.
Conrad gives gold the capstone position is his book, because gold was the original base of our monetary system, and it’s playing a role in the evolution going forward.
On Thursday July 28 I finished the book and I bought some gold stocks to diversify my portfolio. I had done already some research on the companies I had on mind m and I came to the conclusion that the following junior miners could be an interesting play for the coming years : Northgate Minerals Corp. (NXG) and Brigus Gold (BRD) both traded on the AMEX and Globestar Mining Corp. (GMI) listed on the Toronto Stock Exchange.
In one word a GOLDEN book!
Disclosure: LONG NXG, BRD and GMI