{"product_id":"the-new-gold-standard-rediscovering-the-power-of-gold-to-protect-and-grow-wealth-hardback-9781118043226","title":"The New Gold Standard; Rediscovering the Power of Gold to Protect and Grow Wealth (Hardback) 9781118043226","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe New Gold Standard\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eRediscovering the Power of Gold to Protect and Grow Wealth\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003ePaul Nathan (Author), Donald Luskin (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118043226, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 10 June 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages\u003cbr\u003e23.6 x 16 x 2 cm, 0.404 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003e\u003ci\u003eThe\u003c\/i\u003e guide to returning to a gold standard\u003c\/b\u003e  \u003cp\u003eAll 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, \u003ci\u003eThe New Gold Standard\u003c\/i\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLittle has been written beyond academic histories of the gold standard, but gold standard expert Paul Nathan fills that void for the first time\u003c\/li\u003e \u003cli\u003eWritten 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\u003c\/li\u003e \u003cli\u003eThe degree of depressions and recessions and the boom bust cycle can be avoided with a sustainable, stable monetary policy\u003c\/li\u003e \u003cli\u003eThe international return to gold is not a fad but a sign of a world in monetary transition\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAs 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 \u003ci\u003eThe New Gold Standard\u003c\/i\u003e is the first major work to explicitly address the challenges and benefits of such a move.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Gold and the Domestic Economy\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Why Gold? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGold: The King of Metals 4\u003c\/p\u003e \u003cp\u003eGold Becomes the Standard of the World 5\u003c\/p\u003e \u003cp\u003eToo Little Gold—Or Too Much Paper? 6\u003c\/p\u003e \u003cp\u003eThe “Gold Prevents Prosperity” Myth 8\u003c\/p\u003e \u003cp\u003eIn Gold We Trust 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Gold Standard: A Standard for Freedom 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Money Is 15\u003c\/p\u003e \u003cp\u003e.AndWhat Money Is Not 18\u003c\/p\u003e \u003cp\u003eThe Nature of Inflation 20\u003c\/p\u003e \u003cp\u003eThe Fiat Standard at Work 22\u003c\/p\u003e \u003cp\u003eThe Illusion of Prosperity 23\u003c\/p\u003e \u003cp\u003eThe Meaning of the Gold Standard 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Why Prices Have Not Skyrocketed 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn Human Action 28\u003c\/p\u003e \u003cp\u003eQuantity versus Values 31\u003c\/p\u003e \u003cp\u003eThe Quantity of Money and the Gold Standard 32\u003c\/p\u003e \u003cp\u003eToo Little Fiscal Responsibility Chasing Too Many Politicians 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Inflation\/Deflation Conundrum 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Cause of the Recent Spike in Commodities 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Central Banking in the Twenty-First Century 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Rise of Populism 42\u003c\/p\u003e \u003cp\u003eA World in Transition 45\u003c\/p\u003e \u003cp\u003eThe Fed of the Twenty-First Century 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: The International Gold Standard \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Making of an International Monetary Crisis 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonetary Theory: Past 57\u003c\/p\u003e \u003cp\u003eNo Curb on Governments 58\u003c\/p\u003e \u003cp\u003eThe Policy Makers 59\u003c\/p\u003e \u003cp\u003eThe Process of Confusion 60\u003c\/p\u003e \u003cp\u003eCondemnation of Gold 61\u003c\/p\u003e \u003cp\u003eEvolution of the Theory 62\u003c\/p\u003e \u003cp\u003eFractional Reserve Banking 63\u003c\/p\u003e \u003cp\u003eThe Great Depression 65\u003c\/p\u003e \u003cp\u003eDevaluation in 1934 66\u003c\/p\u003e \u003cp\u003eBretton Woods 67\u003c\/p\u003e \u003cp\u003eThe Theory Projected 67\u003c\/p\u003e \u003cp\u003e“If at First You Don’t Succeed .” 69\u003c\/p\u003e \u003cp\u003eThe SDR: As Good as Gold Again! 70\u003c\/p\u003e \u003cp\u003eDebt Amortization or Default: The False Alternative 71\u003c\/p\u003e \u003cp\u003eThe Frightening Prospect of an International Debt 72\u003c\/p\u003e \u003cp\u003eToward an International Fiat Reserve System 74\u003c\/p\u003e \u003cp\u003eSimply Repetitious 75\u003c\/p\u003e \u003cp\u003eThe Real Meaning of Monetary Reform 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Death of Bretton Woods: A History Lesson 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFixed Exchange Rates, Flexible Rules 80\u003c\/p\u003e \u003cp\u003eExport or Devalue: Institutionalizing the Devaluation Bias 82\u003c\/p\u003e \u003cp\u003e“Hot Money” Blues 84\u003c\/p\u003e \u003cp\u003eThe Role of the Dollar under Bretton Woods 85\u003c\/p\u003e \u003cp\u003eLimited Gold—Unlimited Dollars: A Formula for Disaster 86\u003c\/p\u003e \u003cp\u003eConfidence versus Liquidity—A Two-Tier Tale 87\u003c\/p\u003e \u003cp\u003eGold’s Limitations: A Blessing in Disguise 87\u003c\/p\u003e \u003cp\u003eU.S. Balance of Payments Problems 89\u003c\/p\u003e \u003cp\u003eThe First Straw 89\u003c\/p\u003e \u003cp\u003eOn Selling One’s Cake and Wanting It Too 89\u003c\/p\u003e \u003cp\u003eThe Illusion of the Last Straw 90\u003c\/p\u003e \u003cp\u003eThe High Price of Gifts 91\u003c\/p\u003e \u003cp\u003eOn Domestic Dreams and International Nightmares 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Who’s Protected by Protectionism? 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Principles 97\u003c\/p\u003e \u003cp\u003eEnter Protectionism 98\u003c\/p\u003e \u003cp\u003eTrade between Nations 99\u003c\/p\u003e \u003cp\u003eTo Protect the Balance of Trade 100\u003c\/p\u003e \u003cp\u003eTo Protect Domestic Markets 102\u003c\/p\u003e \u003cp\u003eTo Protect Domestic Wages 102\u003c\/p\u003e \u003cp\u003eProtectionism: The Greatest Threat to Prosperity 104\u003c\/p\u003e \u003cp\u003eThe U.S. Balance of Payments Problem in Perspective 106\u003c\/p\u003e \u003cp\u003eThe Protection Racket 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Returning to a Gold Standard \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Are the Fiat and the Gold Standards Converging? 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Monetary System Needs to Know Its Limitations 113\u003c\/p\u003e \u003cp\u003eReduced Leverage Equals Reduced Speculation 115\u003c\/p\u003e \u003cp\u003eThe Process of Convergence 116\u003c\/p\u003e \u003cp\u003eA New Day 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Gold: The New Money 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRediscovering Gold 123\u003c\/p\u003e \u003cp\u003eThe International “Walk” on Gold 124\u003c\/p\u003e \u003cp\u003eCompeting Monies 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 How Not to Advocate a Gold Standard 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Intrinsic Worth Argument 130\u003c\/p\u003e \u003cp\u003eThe Store of Value Argument 131\u003c\/p\u003e \u003cp\u003eGold Price Predictions 132\u003c\/p\u003e \u003cp\u003eThe Legal Tender Argument 133\u003c\/p\u003e \u003cp\u003eThe Official Price of Gold Fetish 134\u003c\/p\u003e \u003cp\u003eThe Devaluation Syndrome 137\u003c\/p\u003e \u003cp\u003eThe Stop Printing Money Argument 139\u003c\/p\u003e \u003cp\u003eThe Demonetization Threat 140\u003c\/p\u003e \u003cp\u003eOn Context, Cause, and Effect 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Investing in Gold\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Lessons of a Life-Long Gold Investor 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn Trading 151\u003c\/p\u003e \u003cp\u003eThe Rules of the Game 152\u003c\/p\u003e \u003cp\u003eWhen to Be Flexible 154\u003c\/p\u003e \u003cp\u003eAnd When to Stick to Your Guns 156\u003c\/p\u003e \u003cp\u003eOn Investing 157\u003c\/p\u003e \u003cp\u003eShakeouts 160\u003c\/p\u003e \u003cp\u003eTurning a Disadvantage into an Advantage 163\u003c\/p\u003e \u003cp\u003eOn Leverage 164\u003c\/p\u003e \u003cp\u003eWhen to Sell a Stock 167\u003c\/p\u003e \u003cp\u003e“Be Afraid. Be Very, Very, Afraid ” 168\u003c\/p\u003e \u003cp\u003eHow to Own Gold 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 My Final Word on Gold 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn Bretton Woods II 173\u003c\/p\u003e \u003cp\u003eThe New SDR Threat 175\u003c\/p\u003e \u003cp\u003eOn QE 2 178\u003c\/p\u003e \u003cp\u003eThe Banking System of a Free Society 181\u003c\/p\u003e \u003cp\u003eIn Conclusion 183\u003c\/p\u003e \u003cp\u003eRecommended Reading 185\u003c\/p\u003e \u003cp\u003eBibliography 189\u003c\/p\u003e \u003cp\u003eAbout the Author 191\u003c\/p\u003e \u003cp\u003eIndex 197\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52507197735192,"sku":"9781118043226","price":19.35,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118043226.jpg?v=1786438997","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-new-gold-standard-rediscovering-the-power-of-gold-to-protect-and-grow-wealth-hardback-9781118043226","provider":"Freshly Printed Books","version":"1.0","type":"link"}