Crisis Investing: Opportunities and Profits in the Coming Great Depression

Doug Casey offers timeless information in this book...even if some of it is a bit dated today. Still, the general principles offered in the book could be applied to the current economic environment to make just about anyone successful. A few things seem to be missing though from Casey's book. Precious metals take a front seat and everything tied to the U.S. dollar is shunned (most of the time), but Casey ignores the fact that Gold hasn't always been a superstar. Timing matters...which is a point he makes but doesn't stress hard enough in my opinion. There is a time to hold cash and a time to diversify out of it. Still...all in all, it is absolutely worth the read, even today.

Mr. Casey writes in a concise, well thought out manner and I recommend this book. To give a perspective on the content versus time, I purchased the 70's edition during the summer of 2007. Gold, as well as housing, stocks, and other commodities, have gone through several cyclical phases during this time. The only thing that has been steady is devaluation of the american dollar due to inflation and Mr. Casey explains why. Speculation is not a given and thankfully many of Mr. Casey's predictions have not come into fruition to the extent he described. But looking at what did happen between the time of the original printing and now, he has been more right than wrong. More importantly, Mr. Casey provides rational thoughts on why. Mr. Casey's views should not be one of surprise if one understands the schools of economic thought. Mr. Casey's views indicate he is in the Austrian camp. Anyone who is interested in Austrian thinking, which is NOT anarchy based, should look up the Mises Organization as well as Murray Rothbard.

While time has passed since this book came out, some of the information is valuable to the new investor and the experienced one. The info on gold, real estate are indipensible. Buy It!