**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.
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"This book was an excellent read. Short, but just long enough. Easy to read, not too dense. Narrated by the author, which I always prefer. I've read all of Rickards' books so far, and where I felt his second book was too much of a rehash of his first, this, his third book, adds new information and perspective to his prior writings. It also adds a more intelligent perspective to a theme that has been overrun by books out of the prepper/goldbug community, which is notoriously sensational and extreme. This book isn't a "the world is ending, so buy gold" book. It is a "you need to take intelligent steps to hedge your portfolio against the instability of currency" book. It also debunks a lot of popular misnomers about gold, and explains how gold, despite appearances, still plays a huge roll in international finance."
— JMR (4 out of 5 stars)
James Rickards is
a counselor, investment banker, and risk manager with over thirty years of experience in
capital markets. He advises the Department of Defense, the US
intelligence community, and major hedge funds on global finance. A frequent guest on
CNBC, CNN, Fox, C-SPAN, Bloomberg TV, and NPR, Rickards also lectures at
Northwestern University and at the School of Advanced International Studies.