Detailansicht
The Golden Revolution
How to Prepare for the Coming Global Gold Standard
ISBN/EAN: 9781118136485
Umbreit-Nr.: 3204586
Sprache:
Englisch
Umfang: 214 S.
Format in cm:
Einband:
gebundenes Buch
Erschienen am 10.04.2012
Auflage: 1/2012
- Zusatztext
- Why the gold standard is due for a comeback A reserve currency can only function as such if there is a general consensus that it provides a stable store of value. Without this trust, money, no matter what form it takes, will be abandoned--either suddenly in a crisis, or gradually over time--in favor of something else. The Golden Revolution looks at how the world is rapidly moving toward some form of global metallic standard, in which money, at least in official, international transactions, is linked directly to gold, silver, or both. The practical reality of the transition to the coming global gold (or bimetallic) standard is going to be substantially different from the global fiat monetary and financial regime of today. It is not just money that is going to change. The nature and business of banking will also be affected, as will finance in general. * Incisive and thoughtful, The Golden Revolution is a treatise on the broad effects of the current and future monetary structure * Looks at why the world is headed inexorably back towards a metallic money standard * Explores what the transition period might look like, including some historical examples of both orderly and disorderly transitions * Examines how the world of banking, finance, and investment, including asset valuation and portfolio management techniques, will work under a future gold standard and which industries, countries and markets are likely to benefit and which are likely to suffer Full of advice on how investors can profit and protect themselves during this critical time of change, the book knows that those who are prepared will prosper, while those who won't stand to lose it all.
- Kurztext
- PRAISE FOR THE GOLDEN REVOLUTION "John Butler provides much illuminating detail on how theworld's monetary system got into its present mess. And if you'rewondering what comes next, this is the book to read." Bill Bonner, author of the New York Times bestsellers Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs and Markets "John Butler has written an indispensable reference on the subject of gold asmoney. His book is a combination of history, analysis, and economics that the reader will find useful in understanding the use and misuse of gold standards over the past century. He breaks the book into a long series of essays on particular aspects of gold that the reader can take as a whole or in small bites. It is technical yet accessible at the same time. The Golden Revolution is a useful and timely contribution to the growing literature ongold and gold standards in monetary systems. I highly recommend it." James Rickards, author of Currency Wars: The Making of the Next Global Crisis "In The Golden Revolution, John Butler makes a powerful case for a return to thegold standard and offers a plausible path for our nation to get there. Enlightened investors who blaze the trail will likely reap the greatest reward. For those still wandering in the dark, this book provides necessary light to keep you headed in the right direction." Peter Schiff, CEO, Euro Pacific Precious Metals; host of The Peter Schiff Show; and author of The Real Crash: America's Coming BankruptcyHow to Save Yourself and Your Country "John Butler's historical treasure trove empowers the reader tounderstand, prepare, and act. To have a chance to emerge unscathedfrom financial turmoil, join the Golden Revolution. I have." Axel Merk, Merk Funds; author of Sustainable Wealth "The Golden Revolution is another indispensable step on the road map back to sound money. John Butler's experience of the modern 'fiat' banking world, combined with his understanding of the virtues of a disciplined monetary system, allow for genuine insight into the practical steps that could, and surely will, be taken to reestablish gold as money." Ned NaylorLeyland, Investment Director MCSI, Cheviot Asset Management "Ex scientia pecuniae libertas (out of knowledge of money comes freedom).John has used his exemplary knowledge of money to lay out a cogent framework for the transition of society based on fiat money to a more honest society forged by gold. He has taken complexity and given us simplicity. Monetary economics and its interrelationship with geopolitics, finance, and society is extraordinarily complex, but he has managed to assimilate a vast array of information and distill it in a simple and thoroughly thoughtful framework. That is an art many academic writers never achieve." Ben Davies, cofounder and CEO, Hinde Capital
- Autorenportrait
- InhaltsangabeForeword Acknowledgments Part I: Why the Days of the Fiat Dollar Are Numbered Chapter 1: The window closes Chapter 2: Stagnation, Stagflation and the Rise of "Darth" Volcker Chapter 3: Of Bubbles and Bailouts Chapter 4: Why Financial Genius Fails, or, A Forensic Study of the 2008-2009 Global Credit Crisis Chapter 5: An Unstable Equilibrium Chapter 6: The Inevitability of Regime Change Part II: Running the Golden Gauntlet: Transition Scenarios Back to a Gold Standard Chapter 7: A Golden Bolt out of the Blue Chapter 8: Golden Preparations Chapter 9: Long Forgotten Suggestions for How the US Could Return to Gold Chapter 10: The Golden BRICs Chapter 11: When All Else Fails, Enter the Gold Vigilantes Part III: The Economic, Financial and Investment Implications of the Coming Global Gold Standard Chapter 12: The Role of Central Banking Under a Gold Standard Chapter 13: Valuation Fundamentals Under a Gold Standard Chapter 14: Estimating Risk Premia Under a Gold Standard Chapter 15: Golden Winners and Paper Losers Chapter 16: Some Implications of the Gold Standard for Global Labor and Capital Markets Conclusion: The Golden Society Appendix Further Reading About the Author Index