The golden revolution: how to prepare for the coming global gold standard

Why the gold standard is due for a comebackA reserve currency can only function as such if there is a general consensus that it provides a stable store of value. Without this trust, money, no matter what form it takes, will be abandoned—either suddenly in a crisis, or gradually over time—in favor of something else. The Golden Revolution looks at how the world is rapidly moving toward some form of global metallic standard, in which money, at least in official,international transactions, is linked directly to gold, silver, or both.The practical reality of the transition to the coming global gold (or bimetallic) standard is going to be substantially different from the global fiat monetary and financial regime of today. It is not just money that is going to change. The nature and business of banking will also be affected, as will finance in general.Incisive and thoughtful, The Golden Revolution is a treatise on the broadeffects of the current and future monetary structureLooks at why the world isheaded inexorably back towards a metallic money standardExplores what the transition period might look like, including some historical examples of both orderly and disorderly transitionsExamines how the world of banking, finance, andinvestment, including asset valuation and portfolio management techniques, will work under a future gold standard and which industries, countries and markets are likely to benefit and which are likely to sufferFull of advice on how investors can profit and protect themselves during this critical time of change, the book knows that those who are prepared will prosper, while those who won't stand to lose it all. INDICE: Acknowledgments ixIntroduction: Why a Gold Standard Lies in Our Near Future 1Part I Why the Days of the Fiat Dollar Are Numbered 7Chapter 1 The Window Closes 13Chapter 2 Stagnation, Stagfl ation, and the Rise of “Darth” Volcker 23Chapter 3 Of Bubbles and Bailouts 35Chapter 4 Why Financial GeniusFails, or, a Forensic Study of the 2008-2009 Global Credit Crisis 41Chapter 5An Unstable Equilibrium 51Chapter 6 The Inevitability of Regime Change 73PartII Running the Golden Gauntlet: Transition Scenarios Back to a Gold Standard 79Chapter 7 A Golden Bolt out of the Blue 85Chapter 8 Golden Preparations 95Chapter 9 Long-Forgotten Suggestions for How the United States Could Return to Gold 115Chapter 10 The Golden BRICs 125Chapter 11 When All Else Fails, Enter the Gold Vigilantes 133Part III The Economic, Financial, and Investment Implications of the Coming Global Gold Standard 137Chapter 12 The Role of Central Banking under a Gold Standard 143Chapter 13 Valuation Fundamentals under a Gold Standard 155Chapter 14 Estimating Risk Premia under a Gold Standard 167Chapter 15 Golden Winners and Paper Losers 181Chapter 16 Some Implications of the Gold Standard for Global Labor and Capital Markets 189Conclusion: The Golden Society 193Further Reading 199About the Author 206Index 207

• ISBN: 978-1-118-13648-5
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 224
• Fecha Publicación: 25/04/2012
• Nº Volúmenes: 1
• Idioma: Inglés