5 comments about Y2K Gold Rush.

1. having some concern over the potential fiscal impact of y2k I had been thinking about putting a certain amount of my money into gold. i had no knowledge whatsoever of how to go about learning about gold investing including what to buy, how to buy and where to buy---and what not to buy. after reading mr cooks book i learned enough to comfortably and with some level of intelligence go about making my first purchases of gold...the book clearly and simply states wades views on gold investing and how to go about making that plunge. its easy straigthforward reading with clear examples of the types of gold one should invest in. it gets a little mushy with his views on the "government" side of gold things and is a bit overdone in the final chapters of pushing some of his ways to set up living trusts, corporate accounts etc...all of which were of no interest to me nor probably the average reader buying the book for the purpose of learning about gold and how to invest in it...the book hit the mark big time for me, a novice gold person and i am sure would for other readers who want to learn more about the basics of making your first gold investment---no matter how big or small...would have like to have seen a bit more though in the aea of silver investing, as that too is a hot item for y2k right now---but than again the title is "y2k gold rush", not silver rush...nice job overall and would reccomend novice gold buyers or tire kickers buy it...thanks much.



2. You'll find precious little step-by-step information on how to invest in gold as a hedge for inflation or devaluation. The author cites many things you can do, but too often winds up inviting you to hire him, especially to setup a Nevada corporation. Instead of technical guidance, I got exhortations to, "... get out of debt.", or "...develop a better relationship with God.". At the end of the preface, the publisher warns that the book is adapted from live seminars and lectures and, "While this style may be hard to follow at times, the free flow of ideas lends energy and vitality to the learning process." What he should have said was that they invested minimal time and effort to churn out this transcription of his ramblings. Spelling appears to be a particular challenge, including multiple spellings of a gold mining company, and this transcription from an interview, on page 80, "...the last name is Stevens, S-T-E-V-E-N-S." If you've found any books that actually provide assistance in joining the "Y2K Gold Rush", please note them in your comments on this one.



3. After debunking the Y2K concern as a scam by "Chicken Littles" trying to sell stuff, Mr. Cook attempts to fill the pages of his latest book with generic "investment" data that we have all heard before. Subjects such as getting out of debt, paying off your mortgage in half the time, and how to form corporations and trusts have no place in a book entitled Y2K - other than to fill up pages. Furthermore,another 13 pages,(10% of the book) is dedicated to selling his other books and audiotapes. I am compelled to agree with him when he complains about people using the Y2K issue as a means to sell products!



4. Over the last fourteen years, in his financial seminars, Wade Cook has encouraged people to buy gold coins. Gold retains its value, becoming a hedge against inflation. If a need should ever arise for cash, to buy some groceries or to pay a doctor's bill, then all you have to do is go to a coin dealer and cash in. Gold coins are legal tender.

   This book is about how to invest in gold. By reading Y2K Gold Rush, you will understand the historical importance of gold. You will learn about the ownership of gold coins and gold stocks, and the benefits of both. You will see that adding gold to your investment portfolio will diversify your assets, safeguard you and your family against catastrophe, and add excitement and profits.

   Wade Cook is Chairman of the Board of Wade Cook Financial Corporation and a proud investor in gold. He has a positive outlook on the future and is worried about potential problems, but focuses on solutions. He is preparing for the new millennium. The question is, are you?

   Y2K Gold Rush, by Wade Cook, shows the value in gold investment:

   Historically, the gold standard set currency rates Gold is a marketable item and easy to use Gold keeps pace with inflation Millions of gold collectors exist in the world Gold investing brings security (your IRA can own it) Gold is a hassle free investment




5. Wade Cook gave some basic info to new gold investors. While some of the information is dated, much is still relevant in 2002 with gold getting ready to make a long anticipated run.

No comments about Wall Street Millionaire: Investing For Cash Flow and Tax Reduction (Wealth Institute).

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