Book: Crash Proof
Author: Peter D. Schiff

The book was written 2 years ago. It had around 12 predictions, which around 10 of them came true.
The predictions included:
1) The collapse of the 2 US government semi-owned mortgage companies
2) The recommendation to sell the housing properties in US
3) The buying of Chine shares
.
.
.
The next prediction is the collapse of USD, which may represent gold can reach USD5K/ounce after the big collapse.

Also, it tells how to read the twisted data in the CPI, PPI index, and how to make profit if the predictions come true.

When the book was written 2 yrs ago, people said the book was a joke becoz the housing price in US was in red-hot not possible go down...

The author is very -ve to the US people's consumption behavior, which rely on heavy borrowing (personal or government) for daily spending. The book (and also the author fm Rich Dad Poor Dad) said the social security fund has already been used up.

Although Asia or Australia etc may not be good when the market crash, but they should be better than the US market.

The author is very +ve to gold or related becoz no other assets are safe to be parked.

[ 本帖最後由 b4321 於 2008-9-17 15:42 編輯 ]