I'll make one point up front; I disagree with Prechter on gold and even more particularly on his and EWI's conclusions on gold mining and its prospects in a deflation. In fact, I disagree with his ultimate conclusions about deflation and inflation.
Yet I am going to recommend Conquer the Crash (and this free 8 lesson edition) because it is a book I read in 2002 and it is directly responsible for activating me to become a more aware market participant and is in part the reason there is a Biiwii.com as its influence can be seen in a lot of the stuff I have written publicly over the last several years. For example, I did not even know what a T-bill was in 2001. By 2003 I had all spare cash in T-bill funds and guess what, in the panic of 2008 the Fidelity treasury money market fund that holds some of my cash was closed to new investors due, I assume, to panicked demand. I was shocked to find out in 2002 that regular money market funds were not safe.
Prechter's CtC has given me a comfort level for years because as a 'gold guy', if I can pass the Prechter sleep test, I can stand up to anything. A nice combination of being a gold true believer and Prechterian caution has kept me well in the game and in a mentally strong position for many years.
From EWI: A free "Conquer the Crash Collection" from Prechter's New York Times best-selling book. This valuable resource includes 8 lessons on topics critical to your financial survival, including: what you should do with your pension plan, what you should do if you own a business, calling in loans and paying off debt, whether you should trust the government to protect you -- and much more. Learn more about this exciting resource, and get your free access here.
It is free. EWI does not bug you, and I recommend it highly. Those who are already Club EWI members, just click and go get it if you do not already have the book.
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