
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.--Jacket.
Publisher:
New York, New York :, Portfolio/Penguin,, [2016]
ISBN:
9781101980767
Branch Call Number:
332.4222 RIC
Characteristics:
182 pages ; 22 cm


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Add a CommentVery easy to read and understand. Richards is excellent at analyzing complex problems and communicating them in simple terms. A rare talent. Unfortunately, he is so persuasive he could sell ice to an eskimo. Beware that not all his conclusions may turn out the way he projects them. Do your own diligence and trust your inner voice to find out what is right for you.
What's missing from the Author Notes on Rickards is that he was with that hedge fund which almost brought down the world's economy back in the 1990s, and had to be bailed out [think it was called LTCM ???]. Rickards created a $1 billion plus Credit Default Swap - - which conceivably would have had a payout of $100 billion plus - - fact check everything this dude writes!