The New Case for Gold

by James Rickards

Overview

**USA Today bestseller and Wall Street Journal business bestseller**

They say John Maynard Keynes called gold a "barbarous relic."
They say there isn’t enough gold to support finance and commerce.
They say the gold supply can’t increase fast enough to support world growth.

They’re wrong.

In this bold manifesto, bestselling author and eco­nomic commentator James Rickards steps forward to defend gold—as both an irreplaceable store of wealth and a standard for currency.
 
Global political instability and market volatility are on the rise. Gold, always a prudent asset to own, has become the single most important wealth preserva­tion tool for banks and individuals alike. Rickards draws on historical case studies, monetary theory, and personal experience as an investor to argue that:
 
• The next financial collapse will be exponentially bigger than the panic of 2008. 
• The time will come, sooner rather than later, when there will be panic buying and only central banks, hedge funds, and other big players will be able to buy any gold at all.
• It’s not too late to prepare ourselves as a nation: there’s always enough gold for a gold standard if we specify a stable, nondeflationary price.
 
Providing clear instructions on how much gold to buy and where to store it, the short, provocative argu­ment in this book will change the way you look at this “barbarous relic” forever.

Product Details

ISBN-13:	9781101980767
Publisher:	Temple Publications International, Inc.
Publication date:	04/05/2016
Pages:	192
Sales rank:	43,376
Product dimensions:	6.48(w) x 9.30(h) x 0.80(d)

About the Author

JAMES RICKARDS is the New York Times bestselling author of The Death of Money and Currency Wars. He is the editor of the newsletter Strategic Intelligence and a member of the advisory board of the Physical Gold Fund. He is an advisor on international economics and financial threats to the Department of Defense and the U.S. intelligence community. He served as a facilitator of the first-ever financial war games conducted by the Pentagon. He lives in Connecticut. Follow @JamesGRickards.

Editorial Reviews

The New Case for Gold reminds us that wayward policies bring about a search for money that is good as gold. What better than gold itself?”
—Wall Street Journal

“This excellent book proves that, contrary to the propaganda of fiat currency apologists, gold is real money. Rickards makes a compelling case for why those looking for a way to protect themselves and their families from economic chaos created by central bankers should consider gold.” 
—Ron Paul, former Congressman and Presidential candidate
 
“In his latest book, James Rickards gifts us once again with his clarity of prose, depth of experience and sound analysis. The New Case for Gold discards tired and politically driven criticisms of gold, instead offering an illuminating, original argument for gold as a critical contender in today's money games. The most important book on gold yet.”
—Nomi Prins, author of All The Presidents’ Bankers
 
“We can’t trust the Federal Reserve to do the honest work that Jim Rickards has done in writing this book. When the monetary system finally fails, there will be a flight to the only money that’s left in the system—and that will be gold. Essential reading.” 
 —David A. Stockman, Former OMB Director and author of The Great Deformation

“[Rickards] present[s] compelling evidence that many of the world’s leading monetary authorities implicitly, at least, treat gold as — quite possibly in the future, the key — money.”
—Forbes

From the Publisher

2016-01-19
Rickards (The Death of Money: The Coming Collapse of the International Monetary System, 2014, etc.) advises investors to "simply get some gold." Though some analysts may keep their silence, gold has never been out of the picture. The author argues that the shiny metal has been playing a shadow role ever since Richard Nixon officially ended its monetary function in August 1971. Leaning on the reputation of John Maynard Keynes, who was certainly no gold bug, to substantiate his case, Rickards asserts that the Federal Reserve, which is responsible for monetary policy and inflation management, is still dependent on the market value of the gold holdings on its balance sheet. Gold's function, writes the author, ought to be understood by anybody seeking insight into the workings of the world's monetary system and its relation to their personal financial assets. "Because the gold is held on the Fed's balance sheet at only about $11 billion," writes Rickards, "this mark-to-market gain gives the Fed a hidden asset of more than $300 billion." Thus, confidence in the world's money and its top currency, the U.S. dollar, still depends on an underlying function for gold. This will become much more significant when the unresolved issues of the 2008 financial crisis erupt anew as a full-blown international monetary crisis. Then, gold will assume its proper function, helping to restore order amid financial excess. The institutional vehicle at that time, whenever it may be, will be the directors of the International Monetary Fund. The world's largest gold reserve holders and accumulators are among its leading members. Rickards strongly recommends that the physical metal be a part of anyone's portfolio of assets. He warns against financial and stock market paper substitutes, as the metal itself will be the best hedge when crisis returns. A provocatively controversial alternative to a leading orthodoxy that should find room on the bookshelves of policymakers and investors.

Kirkus Reviews