The Dollar Meltdown: Surviving the Impending Currency Crisis

Randy Radic writes a good review of The Dollar Meltdown, by Charles Goyette for Silver Monthly.com.  In the book Goyette explains how to survive the impending currency crisis with gold, oil, and other unconventional investments. 

The Dollar Meltdown is definitely a gloom and doom book.  Fortunately, the author’s style of writing and enthusiasm for his subject – how to avoid the doom – keep the book from being depressing.  Charles Goyette – the author – simplytells it like it is.  And what it is, is a sad state of affairs. Goyette’s presentation is composed of four parts:  where we are; how wegot here; what happens next; and what to do.
Goyette says “there is opportunity in every crisis.”  To that end, he offers four categories of investment recommendations.  The first recommendation is real money, which means gold and silver.  Goyette suggests putting 25% of your portfolio in “physical gold and silver that you take in your possession.”  And you should deal with “a precious metals broker because of their capabilities.” 

His second investment recommendation is oil, specifically the United States Oil Fund.  Others are mentioned, but his “core recommendation” is the USO.  The third recommendation is “real things,” by which he means agriculture and natural resources.  ETFs and/or ETNs are his preferred methods of making such investments.  And he mentions a number of funds by name.

Goyette’s final recommendation is bonds, which is a little startling until you read through his reasoning.  Then it makes sense.  His core recommendation is Rydex Inverse Government Long Bond Strategy Fund.

I haven't read this book yet but after reading Radic's review, I'm definitely going to.

Read the full review here.

 

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