Inflation-Proof Your Portfolio - How to Protect Your Money From the Coming Government Hyperinflation

Informationen zum Autor 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 The must-have guide on how to protect yourself during the coming age of hyperinflationThe 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.* Neither an economic treatise nor a collection of specific investment advice, the book is intended as a resource to help empower citizens to take action to protect their money from the coming government-induced hyperinflation* Essential reading for individual investors and general business readers alike who want to keep their money safe when inflation sets in* A runaway self-publishing hit, this new edition is fully revised and updated* Get the information you need to formulate your own plan of action to protect your investmentsThe U.S. dollar is almost certain to have a sustained run of extremely high inflation over the next decade because of continued huge government deficits and unfunded liabilities, and this book is the resource you need to be ready. Zusammenfassung 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. Inhaltsverzeichnis 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 Silver-the 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 I...

List of contents

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
 
Silver--the 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 Gas--Energy 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 Metal--Platinum 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
 

Product details

• Authors: D Voda, D. Voda, David Voda, David (Pjtv Voda
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 04.09.2012
• EAN: 9781118249277
• ISBN: 978-1-118-24927-7
• No. of pages: 224
• Subjects: Guides > Law, job, finance > Money, bank, stock market; Social sciences, law, business > Business > Management; Wirtschaft, Business & management, Wirtschaft u. Management, Allg. Wirtschaft u. Management