Empire of Debt

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Yeppers, there will be a few links in this one.

Bill Bonner and Addison Wiggin Have a new book, Empire Of Debt. I have not read this one yet; but all of their prior works have been both well written and accurate. What I really enjoy is that neither one claims to know it all, they both admit they can be wrong. That, and they are fun to read.

What hit me though is that three of those quoted praising the Empire of Debt are Bastiat Free University graduate program course developers. These three are all successful writers themselves, and have a very healthy respect for financial markets. They are also quite successful in those markets.

Take a look at the healthy resumes of Jim Rogers, Doug Casey, and Richard Daughty and you will want to read anything they write or recommend. I am putting in my order for Empire of Debt as soon as I finish writing this post.

Part of the reason for this post is Gold is at or about $500/ounce. This is a good inflection point for many reasons. Back on Sept. 19 I wrote about initiating a longer term position in Gold than is normal for me. I have recently added the second third to that position. Five hundred gold is a price that has surprised many, and may be a short term top. It may also be the start of where Joe Average sees gold as an investment and jumps on board. I would think Empire of Debt may argue far better for higher gold than I can. This is not investment advice, I may never write on Gold again, think for yourself.

Eventually real things will be worth far more than paper promises. Gold stocks add leverage above the metal. One the fellows mentioned above, Doug Casey, is the expert on that.

Prepare for that future.

If you are not sure how to prepare you can learn with me by reading Empire of Debt also. I think it will be a good investment of time and the very small price of the book. Always read the books before you make the investment.

Empire of Debt may be the best investment available for the next dozen or so years.

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