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From the Inside Flap
…he also outlines a specific three-step plan that will allow you to preserve wealth and protect the purchasing power of the savings you have worked a lifetime to accumulate.
Step #1: Rethinking Your Stock Portfolio: shows you exactly how to replace your endangered U.S. dollar holdings with a portfolio of foreign securities that are safer, significantly higher yielding, and appropriate for any investment objectives
Step #2: Gold Rush: examines the various ways you can capitalize on the bull market in gold, as well as silver, and explains how these precious metals can add both safety and exciting growth potential to a conservative foreign stock portfolio
Step #3: Stay Liquid: discusses the importance of liquidity in times of financial uncertainty—from having enough money for living expenses to keeping a reserve of uncommitted cash that can be used to acquire assets at bargain prices
Investing using conventional wisdom will not work during times of financial distress. That's why Crash Proof has taken the reality of today's economic situation into account as it offers you guidance. Filled with in-depth insights and expert advice, Crash Proof will help you survive and thrive during the coming years of economic uncertainty.
Peter Schiff wants you to buy precious metals, and mining shares. In his gloom and doom scenario he wants you to stay away from American mining companies operating in the US for fear of our governement nationalizing them.
If you read his book when it was published in February of 2007, his advice for his readers was to take a home equity loan to leverage your overvalued home equity in other international currencies or good dividend paying foreign equities.
You gotta take his advice with a grain of salt, he owns Euro Pacific Capital and was the economic adviser to Ron Paul.