Doug Casey discusses the fall of US dollar and subsequent collapse, due to the US Government invasion of currency. The interview takes about a half hour but is well worth the time. I disagree with some suggestions, although if carried out slowly over years and years might be feasable.
He feels university is a waste of time taking psychology, political science etc unless you are going to study a specific vocation such as medicine, law, mining etc.
He refers to gold again, and protection by speculating in buying gold mining stocks and thinks mining companies will outperform gold; some junior mining companies will do very well but most people buy a stock by hearing it from a e.g. a taxi driver, so of course they will lose money. Sooner or later a junior mining exploration company will go up 50-1, 100-1 and justifiably so.
Other protection is to short long term bonds, for these three reasons:
1.Interest rates go up, 2.dollar will collapse, 3.risk of default.
He also thinks biotech will offer protection.
