How You Can Profit From The Coming Devaluation

This is easily one of the most interesting finance books I've read: an impressive feat given how old it is.Browne's book was predicting that Nixon would devalue the dollar *somewhat,* not openly and brazenly throw away the good standard altogether. In hindsight, we see that even Browne's doom and gloom prophecy was naively optimistic. Browne also recommends getting into Swiss francs as a hedge against this devaluation, but today, Swiss francs are also unbacked by gold. With all fiat currencies completely off the gold standard today, we might be tempted to view this book as dated, but its main principles still stand.First, there's the explanation of how money and inflation work. Second, perhaps we can't buy francs for their gold backing, but we can buy actual gold, either physically or online: something that was illegal in Browne's time. This cuts out the middleman, achieving the same result as Browne's francs. And, if someone did want to keep currency instead of metals, they could indeed move to francs, which are still one of the strongest currencies in the world after all these decades.One thing that did bother me about the book and doesn't age well is that Browne suggests putting 20% of your assets into gold mining stocks. That's an enormous portion of assets to gamble on the off chance that you can pick a successful stock in an industry you may not even understand. Stock picking is inherently risky, let alone stock picking within a pre-designated industry, let alone putting 20% of your net worth into those stocks.

This book was last printed in the early 1970's. It is not outdated!! The first half may be more relevant today than ever. If you want a clear understanding of inflation, fractional reserve banking, how money is really created and much more, then this book is for you. It's an easy read, no technical jargon and the author is a great communicator. There are plenty of concrete examples to clarify his major points. The second half of the book suggests how to cope with the financial chaos in the coming years. This is 1970's advice. Some information is still relevant today, some not so much. I found it interesting. Bottom line, it's one of the best explanations of modern day banking available anywhere and it's available at great prices. Even if you only have a modest interest in the topic, do yourself a favor, get the book. Read the first half, you will have a unsettling understanding of modern banking and finances. You may not sleep as well at night but your money decisions will certainly be more informed. Good luck!

I enjoy reading books filled with dire predictions several decades after publication. With the benefit of hindsight the question of why the author was or was not correct is fascinating. I highly recommend this book, as even though the author may have been wrong in certain areas, I feel that many of the themes of the book are relevant today.

Great book! Still relevant 55 years later! Biggest value comes from the first 30-60% of the book where the author outlines how the fiat monetary system functions and embedded fallacies.

This is a really great book for the investor that is unsure how to navigate tumultuous market patterns such as the last few years.If you like this book, I highly recommend you to the Casey Research site as they will give you the most up to date marekt news concerning precious metals as well as major investing themes in other industries such as energy and technology. Their analysis has been spot on and Doug Casey, the creator of Casey Research is good friends with Lew Rockwell, the person Mr. Browne mentioned in the beginning, according to his words was instrumental in the major austrian economic ideas in the book. You will really multiply your knowledge after reading this book and then apply it to research groups like Casey Research that can take it to the next level.We are in a precipitous decade with future unpaid liabilities over $100 Trn and Gross Debt to GDP ratios already breaching 100%.Gold and Silver is already being used as money/currency in Utah and has amendments in about 14 other state legislatures. Iran will has suggested using Gold as an international payment process b/c of the West's sanctions on their ability to use their currency in international transactions. There are now gold atms in places such as UAE where you put cash in and receive gold coins.It it only a matter of time before our problems turn into a cataclysmic event with Euro debt problems, Japan's central bank woes, wars, government's overreach into every conceivable part of your life. Protect your assets, your wealth, and your future. Read this book.

The first part of this book is an excellent description of how economics REALLY works - not how most other texts say it works. Reading this book opened my eyes 40 years ago. It still applies today, and still will hundreds of years from now.

Great old book, and an easy read. Diversity, but keep it simple, not picking stocks (probably just good index funds or ETFs now), a surprisingly large percentage of gold, bonds, and cash. No outguessing the market, no out guessing the Fed. it's hardly any fun at all. check it only rarely, trust that one allocation will make up for the others. The Forever Portolio idea, like the other book basically, tho this one is more pointed toward failing currency. I like the book and should probably do it, but at this time I cannot see keeping any bonds or bond funds for any length of time.

Informative.

Primer libro de Browne en el que describe su visión del funcionamiento de la economía y su relación con cada una de las clases de activos financieros. Con las predicciones que expone el autor, se hizo rico y alcanzó la fama.Cierto es que más adelante reconoció haber tenido suerte, y comenzó a desarrollar su teoría de la cartera permanente (pasiva) alejada de la especulación.En cualquier caso, interesantísimo libro.

Excellent read

Although this book was written in the early 70s, its every bit as relevant to today's world as it was then. It gives an insight into and easily understood explanations of economic matters, and helps to unmask the true state of the economy that governments around the world would rather keep obscured. Despite the title, it is still an excellent read.Recommended for those who would like to understand the basics of what lies behind the economic factors that control our lives and whose unexpected outcomes can so easily cause us to take a chill.

The colloquial style makes it easy to understand and having been written in the early 70s it is an interesting historical source of someone for seeing the crash and tips on how to avoid it - tips which I believe are still relevant today. I am about to read 'Code Red: How to protect your savings' which I believe to be a modern day reincarnation of this book, I hope it will be more in depth than Browne's which was quite simple.Good for someone with no knowledge of investing or the economy.