The New Case for Gold
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They say John Maynard Keynes called gold a "barbarous relic."
They say there isnโt enough gold to support finance and commerce.
They say the gold supply canโt increase fast enough to support world growth.
Theyโre wrong.
In this bold manifesto, bestselling author and ecoยญnomic commentator James Rickards steps forward to defend goldโas both an irreplaceable store of wealth and a standard for currency.
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Global political instability and market volatility are on the rise. Gold, always a prudent asset to own, has become the single most important wealth preservaยญtion tool for banks and individuals alike. Rickards draws on historical case studies, monetary theory, and personal experience as an investor to argue that:
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โข The next financial collapse will be exponentially bigger than the panic of 2008.ย
โข 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.
โข Itโs not too late to prepare ourselves as a nation: thereโs always enough gold for a gold standard if we specify a stable, nondeflationary price.
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Providing clear instructions on how much gold to buy and where to store it, the short, provocative arguยญment in this book will change the way you look at this โbarbarous relicโ forever.
เจฐเฉเจเจฟเฉฐเจเจพเจ เจ เจคเฉ เจธเจฎเฉเจเจฟเจเจตเจพเจ
เจฒเฉเจเจ เจฌเจพเจฐเฉ
James Rickardsย is the Editor ofย Strategic Intelligenceย a financial newsletter. He isย The New York Timesย bestselling author ofย The New Great Depressionย (2020),ย Aftermathย (2019),ย The Road to Ruinย (2016),ย Theย New Case for Goldย (2016),ย The Death of Moneyย (2014), andย Currency Warsย (2011) from Penguin Random House. He is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an op-ed contributor to theย Financial Times,ย Evening Standard,ย Theย Telegraph,ย New York Times, andย Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, andย The Wall Street Journal.ย Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, Trinity College Dublin, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has presented papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the FDD Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in New Hampshire.
Follow @JamesGRickards.
