Paul Nathan

The New Gold Standard (eBook, PDF)

Rediscovering the Power of Gold to Protect and Grow Wealth

• Format: PDF

Produktbeschreibung

The guide to returning to a gold standard All that glitters is gold and gold has never glittered so much as it has in the last decade, reaching staggering new prices in recent years. The definitive modern argument to returning to a gold standard, The New Gold Standard succinctly and clearly explains the nature of sound money, the causes and cures of inflation and deflation, the importance of fiscal responsibility within a sound monetary system, and the reasons for recessions and depressions. * Little has been written beyond academic histories of the gold standard, but gold standard expert Paul Nathan fills that void for the first time * Written for beginning and professional investors, the book provides guidance on how a gold standard will strengthen the dollar, reduce debt, and help stabilize the economy, offering easily applied strategies for investing in gold now and in the future * The degree of depressions and recessions and the boom bust cycle can be avoided with a sustainable, stable monetary policy * The international return to gold is not a fad but a sign of a world in monetary transition As long as governments continue to print money and deficits continue to rise, gold will be a hot commodity. As inflation creeps up, more and more talk will turn to returning to some version of the gold standard, and The New Gold Standard is the first major work to explicitly address the challenges and benefits of such a move.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 224
• Erscheinungstermin: 9. Mai 2011
• Englisch
• ISBN-13: 9781118084212
• Artikelnr.: 37363857

Autorenporträt

PAUL NATHAN is an exclusive contributor of articles on gold for kitco.com. With more than one million hits a day, kitco.com is the leading site for gold bugs worldwide. He wrote articles in the '70s for the Freeman and today writes a weekly commentary and market update for hard money enthusiasts and investors at paulnathan.biz. Nathan was there at the birth of the Libertarian Party, and his mother was the first national candidate to run on the Libertarian Party ticket in 1972. Nathan began writing on monetary and economic matters in 1968 while studying under Ayn Rand and Alan Greenspan at the Foundation for the New Intellectual.

Inhaltsangabe

Foreword. Preface. Part I: Gold and the Domestic Economy. Chapter 1 Why
Gold? Gold: The King of Metals. Gold Becomes the Standard of the World. Too
Little Gold--Or Too Much Paper? The "Gold Prevents Prosperity" Myth. In
Gold We Trust. Chapter 2 The Gold Standard: A Standard for Freedom. What
Money Is . . .. . . . And What Money Is Not. The Nature of Inflation. The
Fiat Standard at Work. The Illusion of Prosperity. The Meaning of the Gold
Standard. Chapter 3 Why Prices Have Not Skyrocketed. On Human Action.
Quantity versus Values. The Quantity of Money and the Gold Standard. Too
Little Fiscal Responsibility Chasing Too Many Politicians. Chapter 4 The
Inflation/Deflation Conundrum. The Cause of the Recent Spike in
Commodities. Chapter 5 Central Banking in the Twenty-First Century. The
Rise of Populism. A World in Transition. The Fed of the Twenty-First
Century. Part II: The International Gold Standard. Chapter 6 The Making of
an International Monetary Crisis. Monetary Theory: Past. No Curb on
Governments. The Policy Makers. The Process of Confusion. Condemnation of
Gold. Evolution of the Theory. Fractional Reserve Banking. The Great
Depression. Devaluation in 1934. Bretton Woods. The Theory Projected. "If
at First You Don't Succeed . . .". The SDR: As Good as Gold Again!. Debt
Amortization or Default: The False Alternative. The Frightening Prospect of
an International Debt. Toward an International Fiat Reserve System. Simply
Repetitious. The Real Meaning of Monetary Reform. Chapter 7 The Death of
Bretton Woods:. A History Lesson. Fixed Exchange Rates, Flexible Rules.
Export or Devalue: Institutionalizing the Devaluation Bias. "Hot Money"
Blues. The Role of the Dollar under Bretton Woods. Limited Gold--Unlimited
Dollars: A Formula for Disaster. Confidence versus Liquidity--A Two-Tier
Tale. Gold's Limitations: A Blessing in Disguise. U.S. Balance of Payments
Problems. The First Straw. On Selling One's Cake and Wanting It Too. The
Illusion of the Last Straw. The High Price of Gifts. On Domestic Dreams and
International Nightmares. Chapter 8 Who's Protected by Protectionism? A Few
Principles. Enter Protectionism. Trade between Nations. To Protect the
Balance of Trade. To Protect Domestic Markets. To Protect Domestic Wages.
Protectionism: The Greatest Threat to Prosperity. The U.S. Balance of
Payments Problem in Perspective. The Protection Racket. Part III: Returning
to a Gold Standard. Chapter 9 Are the Fiat and the Gold Standards
Converging? A Monetary System Needs to Know Its Limitations. Reduced
Leverage Equals Reduced Speculation. The Process of Convergence. A New Day.
Chapter 10 Gold: The New Money. Rediscovering Gold. The International
"Walk" on Gold. Competing Monies. Chapter 11 How Not to Advocate a Gold
Standard. The Intrinsic Worth Argument. The Store of Value Argument. Gold
Price Predictions. The Legal Tender Argument. The Official Price of Gold
Fetish. The Devaluation Syndrome. The Stop Printing Money Argument. The
Demonetization Threat. On Context, Cause, and Effect. Part IV: Investing in
Gold. Chapter 12 Lessons of a Life-Long Gold Investor. On Trading. The
Rules of the Game. When to Be Flexible . . .. . . . And When to Stick to
Your Guns. On Investing. Shakeouts. Turning a Disadvantage into an
Advantage. On Leverage. When to Sell a Stock. "Be Afraid. Be Very, Very,
Afraid . . . ". How to Own Gold 170. Chapter 13 My Final Word on Gold. On
Bretton Woods II. The New SDR Threat. On QE2. The Banking System of a Free
Society. In Conclusion. Recommended Reading. Bibliography. About the
Author. Index.