Portable Wealth: The Complete Guide to Precious Metals Investment

Alan Greenspan was an avid, devoted fan of Ayn Rand and knew her personally. Greenspan is one of the original goldbugs, believing in sound monetary policy based on real value. However, Greenspan is politically astute and realizes that getting America back on a gold standard is an uphill battle. Yet he continues to plant the seed. Last May, he told the House Banking Committee: "Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted." Three years earlier, he told a research institute audience: "The experiences with paper money during the Revolutionary War were decidedly inauspicious. 'Not worth a Continental' was scarcely the epithet one would wish on a medium of exchange."Greenspan is certainly not among the "perpetual prosperity" junkies who dominate today's financial scene. A child of the Depression, he became President Ford's economic advisor during the financially troubled mid-seventies and was first named to his current job just months before the stock market tanked in 1987. Perhaps these experiences shaped his single-minded hostility against the evils of inflation.Knowing this, it's hugely significant when this man who shapes the economic destiny of America feels moved to leave the stock market. His annual financial disclosure filing last spring revealled that he had liquidated all his equity holdings and moved his considerable wealth into "safe haven" investments. Given his record as a longtime goldbug, you can read into that what you will.This seems to be very much the time to read Adam Starchild's Portable Wealth, to pay attention to his message, and to follow the step-by-step practical and permanent techniques he recommends. Dr. Starchild didn't just come on the financial scene -- his sound financial advice has been helping readers for over 25 years now.

"Gold were as good as twenty orators." -- William Shakespeare (1564-1616)

"You have a choice between the natural stability of gold and the honesty and intelligence of the members of government. And with all due respect for those gentlemen, I advise you, as long as the capitalist system lasts, vote for gold." -- George Bernard Shaw

As I said in my book, The Offshore Update, published by Eden Press: Of all the financial experts who have demonstrated literary talent, Adam Starchild is perhaps the least appreciated. This is unfortunate because Starchild is not only a lucid writer -- he is also a credible and conscientious reporter working in an area that until recently has belonged in the same chapter of financial literature with Fort Knox, Howard Hughes, and the Gnomes of Switzerland.

Several powerful reasons exist today that completely change the old way of thinking about gold (and other precious metals). 1. The crisis in Asia clearly shows the ultimate outcome of credit expansion. The U.S. economy lives and breathes on low interest rates, easy credit and loose money. Mortgage refinancing, consumer credit, margin debt, leveraging, and credit cards heat up the economy and encourage speculation and overconsumption. 2. Shocking structural changes in the foundations of the U.S. economy have enhanced the need for gold. Low savings, low investment, excessive leverage, disastrous liquidity trends, trade deficits, high speculation and astronomical public and private debt are a vew of these revolutionary changes. 3. Mainstream financial advisors and economists scorn gold to the extent it has become the premier contrary opinion investment of all time. In the debt- and deficit-ridden countries such as the U.S. and Canada, many people commit their funds exclusively to stocks and neglect hedging with gold.