Auric Goldfinger was a Bond villain obsessed with gold.
James Rickards is the James Bond of gold.
Rickards has amassed, one infers, a massive following with his previous books, The Death of Money: The Coming Collapse of the International Monetary System and Currency Wars, and his regular, urgent, and dramatic, bulletins published on the Web. My own Forbes.com review of The Death of Money drew over half a million page views. Rickards, a preeminent gold permabull, commands a following.
Rickards’s bulletins via the Web predicting the collapse of the incumbent monetary order are delivered in a tone of high intensity and deep intrigue. He often relays nuggets of encounters with Mysterious Insiders and High Officials deep inside the world’s monetary policy and finance elites, the defense and intelligence community, and international figures of hinted-at glamorous background.
Whether or not you buy his views on the fragility of the current world monetary order if you like tales of real life international intrigue you’ll love anything by Jim Rickards. He is the best exponent of what then Fed Chairman Ben Bernanke bore witness to, in a House Financial Services Committee interrogation by then Rep. Ron Paul in 2011: “The reason that people hold gold is as a protection against what we call tail risks: really, really bad outcomes.”
In his rather more-than-usually-measured new book The New Case For Gold Rickards explains, lucidly, why and how he expects the current world monetary regime to fail. He delineates who likely will write the new “rules of the game” and the likely consequences thereof.
Ralph Benko, internationally published weekly columnist, co-author of The 21st Century Gold Standard, lead co-editor of the Gerald Malsbary translation from Latin to English of Copernicus’s Essay on Money, is American Principles Project’s Senior Advisor, Economics.