The New Case for Gold, James Rickards
The New Case for Gold, James Rickards
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The New Case for Gold

Author: James Rickards

Narrator: James Rickards

Unabridged: 4 hr 6 min

Format: Digital Audiobook Download

Publisher: Penguin Audio

Published: 04/05/2016

Synopsis

**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.

About The Author

James Rickards is the Editor of Strategic Intelligence a financial newsletter. He is The New York Times bestselling author of The New Great Depression (2020), Aftermath (2019), The Road to Ruin (2016), The New Case for Gold (2016), The Death of Money (2014), and Currency Wars (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 the Financial Times, Evening Standard, The Telegraph, New York Times, and Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. 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.

Reviews

Goodreads review by Craig on April 06, 2016

A very good book that explains why the fiat currency system is doomed to fail at some point in the not too distant future. Most governments (most importantly to us, the U.S.) are running huge deficits and are printing money to pay their debt interest. They are only able to even come close to paying......more

Goodreads review by John on February 05, 2017

This book was constructed from a series of taped audio interviews, and it shows. There are repetitions, chapters overlap, parts of the argument are glossed over, it uses a spoken not a literary vocabulary. If you are expecting this to be an impassioned plea to sell everything and buy gold, you would......more

Goodreads review by JS on November 06, 2022

Gold is good. And this gave me a few new reasons why......more

Goodreads review by Pedro on April 23, 2016

I think that the case, as it is, can't be better argued. The book is eminently quotable and it's argument solidly conducted. "A bank deposit is not money; it’s a bank’s unsecured liability." "Bank depositors in Cyprus in 2013, and Greece in 2015, received a painful education in the difference between......more

Goodreads review by Evan on April 15, 2016

I am giving it three stars because I am not sure what it adds and who the audience is. If you don't think gold should be an investment, I don't think the book is good enough to make you change your mind. If you are a "gold" bug, you probably won't read anything new, but will probably enjoy the book......more

Quotes

“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

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