The Golden Revolution How to Prepare for the Coming Global Gold Standard

Author: John Butler
Publisher: John Wiley & Sons
ISBN: 9781118136485
Published In: March 2012
Format: Hardback , 214 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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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.

Acknowledgments ix

Introduction: Why a Gold Standard Lies in Our Near Future 1

Part I Why the Days of the Fiat Dollar Are Numbered 7

Chapter 1 The Window Closes 13

Chapter 2 Stagnation, Stagflation, and the Rise of “Darth” Volcker 23

Chapter 3 Of Bubbles and Bailouts 35

Chapter 4 Why Financial Genius Fails, or, a Forensic Study of the 2008–2009 Global Credit Crisis 41

Chapter 5 An Unstable Equilibrium 51

Chapter 6 The Inevitability of Regime Change 73

Part II Running the Golden Gauntlet: Transition Scenarios Back to a Gold Standard 79

Chapter 7 A Golden Bolt out of the Blue 85

Chapter 8 Golden Preparations 95