Valentin Schmid reviews Jim Rickards' 'The New Case for Gold'
By Valentin Schmid
The Epoch Times, New York
Thursday, March 25, 2016
Whether it's up or down today, gold is always a hot topic. If you say it has value or that it is money, you may even get ridiculed.
This is a completely unedited excerpt of an email I received this morning from an undisclosed commentator on my recent interview with James Grant. Grant is in favor of a gold standard.
"Mr. Grant would prefer a monetary system tied to the amount of gold dug out of the ground to one based on the untrammeled discretion of Ph.Ds. Thus comes his ascertaining 'failure of central bankers on the Ph.D. standard.' Grant wants gold rather than dollars to take to bed at nights ... something that the whole world's financial experts agree will never come to pass."
Will it really never come to pass, though? To find out, we need some more solid logic and deliberation than baseless ad-hominem attacks, which also featured in this email but have no place in this article.
The good news is that the author of international best-sellers "Currency Wars" and "The Death of Money," James Rickards, recently wrote a book that uses sound logic and historic precedent to refute the arguments against gold as money and present: "The New Case for Gold" (Portfolio Penguin, 2016).
The other good news is that the book is easy to understand for the layman and relatively short. ...
... For the remainder of the commentary:
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