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The must-have guide on how to protect yourself during the coming age of hyperinflation The Petersen/Pew Commission on Budget Reform recently warned that the national debt was expected to grow from 40 percent of the gross domestic product (GDP) in 2009 to 85 percent in 8 years, 100 percent in 12 years, and 200 percent by 2038. In other words, in just a few years the U.S. will owe twice as much as it produces. Since no conceivable level of taxes and borrowing will enable the country to service such an enormous debt, it is inevitable that government will turn to the same tricks its antecedents have been playing since Ancient Rome: debasing the dollar and letting inflation run rampant. Inflation-Proof Your Portfolio: Protect Your Money from the Coming Government Hyperinflation is your guide to understanding the debt crisis and rising inflation, packed with the key tools you need to protect yourself from the fallout.
DAVID VODA is a writer, businessman, and investor currently living in Boulder, Colorado. He has written on business topics for the Los Angeles Times and the New York Times, was a realtor in Palm Springs, California, and buys and sells real estate for his own account. He was a principal in Yes Yes Productions, which produced the award-winning feature, The Secretary. Most recently, he was producer of PJTV's business and economics show, Front Page.
Autorentext
DAVID VODA is a writer, businessman, and investor currently living in Boulder, Colorado. He has written on business topics for the Los Angeles Times and the New York Times, was a realtor in Palm Springs, California, and buys and sells real estate for his own account. He was a principal in Yes Yes Productions, which produced the award-winning feature, The Secretary. Most recently, he was producer of PJTV's business and economics show, Front Page.
Klappentext
Your financial survival guide for the coming age of hyperinflation
Government-induced hyperinflation is looming. Huge national debts and unfunded liabilities have become unmanageable, and politicians are preparing to turn to the same trick they've been using since Ancient Rome: debase the currency and let inflation run rampant. There are difficult times ahead, but you still have time to act in order to keep your money safe and secure. Inflation-Proof Your Portfolio explains how, giving you the tools to stay one step ahead.
Whether you're preparing for the worst or just want to make sure that you have some money in reserve, this book contains the information you need to build a portfolio that's protected from hyperinflation. From investing in art and jewels to going credit card free, the advice in these pages is designed to empower you to take charge of your finances and build a plan that you can put into action today—to feel secure tomorrow.
Inhalt
Preface xiii
What This Book Is (and Isn't) About xiv
Time to Take Action xvi
Chapter 1 The Dollar's Shrinking Value 1
Why Governments Love Inflation 1
It Can't Happen Here or Can It? 2
How Low Can It Go? 3
What You Don't Notice Won't Upset You 4
Infl ation Is Already Picking Up Steam 6
A Hope Is Not a Plan 7
Principle 1 Exchange Dollars for Real Things
Chapter 2 Life in the Gold Rush? 13
Gold: Traditional Haven for Nervous Investors 13
Caution: You Are Late to the Gold Party 14
Beware Investors Fleeing Gold 15
Why to Buy Some Gold Anyway 15
Buying Gold Now 17
Gold Supply and Demand 17
How High Will Gold Go? 17
The Easy Way to Buy Gold 20
Downsides of Exchange-Traded Funds 21
Warning: Exchange-Traded Notes = Added Risks 21
Why You Should Have Some Physical Gold 22
What Coins to Have on Hand 23
Why to Avoid Bullion 23
How to Buy Mining Stocks (If You Must) 24
Silverthe Other White Meat 24
Why Silver Is Undervalued 25
The Pros and Cons of Holding Silver Coins and Bullion 26
Learning to Like Junk 26
Another Way to Profi t from Silver 27
Key Points 27
Chapter 3 Real Estate: Home Is Where the Hedge Is 29
Why You Should Own Your Home 29
Is Now the Time to Make Your Housing Move? 31
When Renting Makes More Sense 31
How to Invest in Apartment Buildings 33
How to Steer Clear of Passive Income Losses 34
How to Protect Your Real Estate Equity against Falling Prices 35
Invest in U.S. Farmland 36
Risks of Farmland Investing 36
Key Points 37
Chapter 4 Dollar Down = Oil Up 39
Why You Need to Invest in Black Gold 39
Why Proved Reserve Figures Are Unreliable 40
Is the World Running Out of Oil? 41
Will Abiotic Oil Avert a Hubbert Curve Peak? 42
Political and Environmental Pressures Are Pushing Oil Prices Up 43
Shale GasEnergy Bright Spot? 44
The World's Biggest Oil Companies and Their Ticker Symbols 44
The Easy Way to Own Oil 45
How to Profi t from the Oil Supply Chain 45
Should I Invest in Oil Drilling? 46
Canadian Royalty Trusts: Good Investments No Longer 47
Key Points 47
Chapter 5 From Diamonds to Trees: Alternative Assets 49
Another Precious MetalPlatinum 49
Why You Should Stay Away from Palladium 50
What about Stamps? 51
The Danger of Diamonds 52
Art: Love It or Leave It 53
How to Get Money to Grow on Trees 53
Profi t Opportunity: People Have to Eat 57
The Copper Shortfall 58
Key Points 60
Principle 2 Future Money Is Cheap Money
Chapter 6 Beat the Banks at Their Own Game 63
Why Fixed-Rate Mortgages Are Your Friend 63
Cut Your Mortgage in Half 64
Don't Get Locked into HELOCs 65
Buy Big Houses and Lease Used Cars 65
If Your House Is in Foreclosure 66
FDIC Insurance May Be Hazardous to Your Wealth 68
Why Your Financial Accounts May Not Be Safe: Bank Holidays 68
Save Your Pennies 70
Key Points 71
Chapter 7 Dueling with the Devil: Credit Cards and Student Loans 73
Why Credit Cards Aren't Worth the Plastic They're Printed On 73
Don't Expect the New Law to Save You 74
How to Outwit the Credit Card Companies 75
How to Be a Bad Credit Card Customer 76
Goose Your Contracts with a Gold Clause 76
How to Use Infl ation to Discount Your Student Loans 77
Beware of Prepaid Tuition Guarantees 79
Key Points 81
Principle 3 Diversify Out of Dollars **Chapter 8 Fleeing the Doll...