You are here

Valentin Schmid reviews Jim Rickards' 'The New Case for Gold'

Section: Daily Dispatches

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:


Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: