Jan

27

Book Review: The Case For Gold

Posted by : Brian | On : January 27, 2014

TheCaseForGold

In my ongoing pursuit of reading more, I finished another book. I actually finished this one a few weeks ago, but I am just now getting to posting about it.

If you’re looking for an exciting, keep-you-on-the-edge-of-your-seat type book – this is not it. Only so much excitement can come from looking at the world’s history of monetary policy. That’s what 3/4 of this book is – a history book. The Case for Gold is actually a reprint of a report given by the U.S. Gold Commission in 1982 (a commission that Ron Paul started).

If thinking about reading a U.S. Gold Commission report from 30 years ago doesn’t fire up your adrenaline synapses, then I don’t know what will.

I have no idea if “adrenaline synapses” are a real thing. I made it up.

Being new to the world of monetary systems and real vs. fiat money, I’ll admit that this book was above my head, but that’s not always a bad thing. As I learn more elementary facts about money systems, economics, and the gold standard, I will have a framework for where each of those things fit it.

The last quarter of this book is the part that I enjoyed most, and if you do end up reading this book, don’t put it down until you get to this part. This last section turns away from the historical aspect and gets into the “how”s and “why”s of getting back onto the gold standard. This covers a more basic explanation of the gold standard and the methods that can be taken in order to return to a system that protects consumer value rather than runaway inflation.

They say you don’t really know something until you’re able to teach it. Well, I still can’t teach you, so I guess that’s means I have some more learning to do.

You can purchase The Case For Gold here, or you can borrow my copy.

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