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.


Did you like this article?
Thanks for your useful info,