Summary of The New Case for Gold

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The New Case for Gold book summary
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Rating

7 Overall

6 Importance

7 Innovation

8 Style

Recommendation

Financial guru James Rickards is a contrarian, skeptical of central banks and critical of Wall Street. He offers a measured analysis of gold as an asset class and a sober look at the forces that affect its value. Rickards is bullish on gold – he sees its price rising one day to $10,000 an ounce, but at times, he can seem a bit paranoid. He regards inflation as a socialist tool of wealth distribution and frets over the specter of confiscatory government policies. After reading his concise advice, even an optimistic investor might consider gold as a hedge. While never giving investment advice and affirming that the opinions herein are entirely the author’s, getAbstract recommends his thoughtful, surprising approach to investors seeking another view on gold.

In this summary, you will learn

  • Why criticisms of gold investing prove shortsighted,
  • What unique properties distinguish gold, and
  • How inflation and deflation affect its value.
 

About the Author

James Rickards wrote the bestsellers The Death of Money and Currency Wars. He is the editor of the newsletter Strategic Intelligence.

 

Summary

A “Barbarous Relic”?
For all its compelling and redeeming qualities, gold remains a maligned asset. “Famous gold bashers” include an array of economic and financial luminaries such as Milton Friedman, Paul Krugman, Alan Greenspan, Barry Eichengreen, Nouriel Roubini, Warren Buffett and ...

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