| For all of recorded human
history, a single substance -- number 79 in the
periodic table -- has fascinated man above all.
Prized above all others, in ancient times it was
synonymous with power and wealth.
But there's a struggle of epochal proportions
raging today. Forces are lined up in opposing camps.
Never before has the struggle been so big... or for
such high stakes.
Now, publishing history has been made as
well. For lovers of the printed word, here's an
investment secret you can profit from for
generations. Own it. Enjoy it. Learn from it. Use it
as your personal guide to secure great wealth.
The Case
For Gold
For most of the 20th Century gold has been under
assault. A war against it has been waged for the
last seven decades. The struggle has gone back and
forth... with gold gaining ground in some years,
losing it in others. Never has there been any doubt
about the final outcome. No paper money has ever
endured over the long run... nor has gold ever
disappeared, or ever lost value against paper money
over an extended period. But something extraordinary
happened in the last two decades of the 20th
century... something that never happened before: For
a period of 20 years the Midas metal retreated...
while paper currency, primarily the U.S. dollar...
rose in value against it. As a result, gold fell far
from grace in the eyes of governments, politicians,
bankers, economists, Wall Street and Main Street as
well.
But there was a time when Presidents, bankers,
economists and philosophers spoke of gold with
respect and awe, not just as money, but also as a
protector of wealth and freedom.
Paper money is a great aid to politicians. It
makes it possible for them, said President Herbert
Hoover, to confiscate 'the savings of the people by
manipulation of inflation and deflation.'
'We have gold,' Hoover added, 'because we cannot
trust governments.'
During The Great Depression, those who wanted a
safe harbor for their wealth, turned to gold. Now it
appears that deflation, secular recession, runaway
inflation and perhaps another depression are on the
horizon. And gold once again is coming to the center
of the financial arena.
While gold represented a haven of financial
safety during the great depression years it was a
haven that was difficult to reach. On March 8, 1933
at his first press conference, Franklin Roosevelt
assured the nation that the gold standard would
remain. On March 9, he pushed the Emergency Banking
Act through Congress - giving him the power to
regulate or prohibit gold ownership. And less than a
month later, the leader of the free world made it
illegal to hold gold.
Just two months later, Roosevelt even abrogated
all contracts in which payment was stipulated in
terms of gold - including obligations of the U.S.
government.
Anything so popular that the government declares
it illegal is bound to be a good investment.
Politicians and bankers have been fickle about
gold, changing their tune as easily as they change
their ties, depending on current fashion and their
professional ambitions.
Greenspan:
The Golden Turncoat
Take, for example, Fed Chairman Alan Greenspan,
once a defender of real money and now it's worst
enemy.
'In the absence of the gold standard, there is no
way to protect savings from confiscation through
inflation. There is no safe store of value. If there
were, the government would have to make its holding
illegal, as was done in the case of gold,' wrote
Greenspan in 1966 for Ayn Rand's Objectivist
magazine. He continued, 'Deficit spending is simply
a scheme for the confiscation of wealth. Gold stands
in the way of this insidious process. It stands as a
protector of property rights. If one grasps this,
one has no difficulty in understanding the statists'
antagonism toward the gold standard.'
Remarkably, this same Alan Greenspan -- an
ideological opponent of central banking and paper
money -- later became the most central banker the
world had ever seen, as chairman of the Federal
Reserve System. Not only that, he also issued more
new paper money than any man in history.
(Ed. And Ben Bernanke continues in his
footsteps!)
A
Distinguished Publisher Strikes Gold
Not that long ago, I was sitting with Lord Rees-Mogg
in his library on Bloomsbury Square, London. Under a
gray sky, red double-decker buses passed the window
and we discussed the fragile state of the world
economy. The U.S. dollar has fallen against the euro
by 22% in the last 12 months, we noted.
'But I think the future could be even worse,'
said Lord Rees-Mogg. 'The logic and principles that
govern valuation of currencies have been stretched
to their limit with the almighty dollar. Gold has
just begun to rise like the Phoenix from the ashes
of a 20-year bear market. Something dangerous and
exciting is going on today,' he continued. 'And if
you don't understand it, you are in danger.'
Gold, a subject that has fascinated both of us
for decades took center stage. We recalled the
gold's golden era after Nixon cut the dollar loose
from the artificial constraints. We reveled in the
gains made back when gold rose from $35 to $850 per
ounce. Of course, since then, it fell back below
$250 per ounce and stayed so low for so long people
began to think it was finished for good.
Lord Rees-Mogg explained why he believes that
gold's comeback today isn't due to fears of war,
failure in the stock market or investor's fears.
'It's inevitable,' he said. His reasoning came from
a deep historical perspective.
Golden
Profits In The Age Of Bubbles
'The Irish banker, Richard Cantillon,' he
explained, 'was the first modern economist, not Adam
Smith as so many people assume. And he was the first
to document how paper money, inflation, gold and
supply and demand work. And he made a fortune
because of it.'
'Cantillon was opposed to the inflationist
theories of John Law. But he understood Law's
monetary schemes and created a substantial fortune
wisely applying his insights during Law's
Mississippi Scheme, which bankrupted France. He
profited again during the similar South Sea Bubble
in England - because he understood the enduring
value of gold.'
'In the wake of the economic chaos 300 years ago,
Cantillon wrote his groundbreaking Essay on the
Nature of Trade in General. In it he savaged
the muddleheaded Mercantilist thinking of his day to
make a dramatic contribution to our knowledge of
economic method, theory, and policy. Mysteriously
murdered, after writing the Essay,
Cantillon's work remained unpublished for more than
twenty years. And although he was among the few
people acknowledged in Adam Smith's, the Wealth
of Nations , Cantillon was almost forgotten for
centuries.' Then William added with a sly smile, 'I
intend to change that.'
I asked my friend how he came to know so much
about such a relatively unknown figure.
Lord Rees-Mogg told me that he'd just finished
editing a historic collection of the premiere
writings concerning gold, including Cantillon's
brilliant Essay . I sat up straight and
leaned forward to get the details, admiring the
handsome set of books as he explained to me the
grand reception these volumes have received in the
world of prestigious university libraries, stately
collections in the Embassies and among bibliophiles
around the world.
He recounted the sum of the 20 different authors
included in the elegant three-volume set; from
Gerard de Malynes, 'A Treatise of the Canker of
England's Commonwealth' (1601) through David
Hume, John Locke, David Ricardo, John Stuart Mill
and Karl Menger, all the way up to the more modern
writings of Murray Rothbard.
'If looked at as a written history of the battle
for gold as money against fiat currencies - written
by the heroes of the war - you will see their
impeccable logic. We can much learn from them
today,' he said.
The historical perspective of most people today
barely stretches back past the Clinton Years. Most
haven't a clue of the contributions made by giants
of philosophy and economics like Locke and Mill, let
alone the more obscure geniuses in this collection.
Nor do they understand the crucial role that gold
has played in world economic history.
Let me just put it to you straight. How many
times have paper currencies - unbacked by gold -
become worthless?
Answer: every time.
And how many times has a gold currency lost its
value?
Never.
There is just something inherent in man. He
cannot resist the temptation to destroy a paper
money. It is just too easy to print more and more.
On the other hand, gold cannot be created easily.
Each ounce is hard to come by. And it is such a
durable metal that almost every single ounce that
has ever been mined is still in circulation today.
Compared to paper money, it goes up in value and it
goes down, but it never goes away.
Critical
Acclaim for The Case For Gold
Then Lord Rees-Mogg read me the review that
Edward Chancellor penned in the Prospect :
'Over the last thirty years, we have
witnessed runaway inflation, a variety of
speculative bubbles and a succession of currency
crises. Is there no way to escape this mayhem which
spreads its misery from the day-labourers of Buenos
Aires to the pensioners of New York? In fact, one
solution offers itself; an idea so unpopular that
only a handful of cranks nowadays even dare consider
it. In order to rid the global economy of its
chronic instability, we must return to our golden
fetters.... In an introduction to a recently
published collection of historic writings on gold
(The Case for Gold, three volumes, published by
Pickering & Chatto), William Rees-Mogg lays out the
case.' - Edward Chancellor,
Prospect
'Well, I've been accused of being a crank,' I
duly noted. 'And accused of being a gold bug too,
although so far I haven't been convicted.'
We both laughed. And then I proposed to buy
whatever copies remained of the first edition press
run that he would allow. That way I was certain to
have it for my own library and I could offer them to
book lovers and history buffs among my Daily
Reckoning readers. (It's not the first time I
gave in to this impulse. I bought his whole
inventory of the great Classics in
Austrian Economics set... and when I
offered it to readers, it sold out almost
immediately.)
Gold is hot now. The Chinese are buying. The
Japanese are buying. Daily Reckoning
readers are buying. I like gold because we cannot
predict the future. But we know that eventually and
always, paper currencies disappear while gold
remains.
Unusually and unnaturally, the world's most
ubiquitous paper currency - the dollar - rose
against gold for the last 20 years of the 20th
century. It is not likely to do the same for another
20. The Case for Gold lays
out the reasoning for this inevitable trend with
unparalleled clarity.
An
Investor's Arsenal of Knowledge and Wisdom
The Case for Gold
contains perhaps the greatest insights ever written
about gold and it's the most comprehensive
collection ever compiled in one place. You'll grasp
gold's value as real money and the role it plays in
our freedom. Each time you remove one of these
beautiful volumes from your library shelf and open
it, you'll have at your fingertips knowledge and
wisdom that's been largely overlooked for years --
left to gather dust in research and reference
libraries in Europe and America.
As you turn the pages of these volumes you'll
open the door to a remarkable resource, the history
and hidden logic behind gold's enviable position in
the monetary systems of the world. You'll deepen
your understanding of the principles of money and
the logic of gold. You'll take in wisdom that will
serve you well for as long as you remain financially
active... unlike the vast majority of today's
investment 'information'... information that
evaporates as soon as you look at it closely.
You Won't
See These On The New York Times Bestsellers List
Pickering & Chatto isn't an ordinary publishing
company. This 180-year-old venerable institution
doesn't publish popular fiction for the benefit of
the Lumpeninvestoriat. It's established a name for
itself in the most important libraries of the world.
It publishes important works, like the complete
writings of famed biologist Charles Darwin in 29
volumes. It publishes elegantly bound limited
editions destined to last for centuries.
The Case for Gold is
more than just a fount of economic knowledge. It is
also a prized product in its own right.
Each volume in this essential trilogy is lovingly
hand-bound in rich gold library buckram with classic
gold-detailed spines using centuries-old techniques.
Crafted by master bookbinders that only Pickering &
Chatto and a handful of European publishers can
afford to commission, each volume is almost a work
of art in its own right. The materials exceed the
standards set by American National Standards
Institute.
They use only the finest 100% wood-free pulp
available, laced with micro-fibers to prevent
tearing. The paper is better than simply
'acid-free.' It's neutral pH paper with an alkaline
reserve, or buffer, in the finish of the pages.
Barring accident, they should last hundreds of years
and be treasured for their outward beauty as well as
the wisdom contained inside.
Even before you begin reading this remarkable
collection of wisdom, you stroke the luxurious
bindings and feel the silk-smooth pages, you'll
understand and appreciate that you' re the owner of
something exceptional.
Several years ago, Pickering and Chatto issued
the first in a series of collectible first editions:
a collection of the writings of the key Austrian
economists. This beautiful three-volume set has
gained much attention by collectors worldwide. If
you have the Austrian Economics set,
The Case for Gold is an ideal
addition to your growing collection.
One of the nice things about these books is that
they are almost eternally valuable. Not just the
ideas -- even though they contain the wisdom of many
generations -- but the books themselves. They are
designed to last nearly as long as the essential
ideas they contain -- that is, for hundreds of
years. And since they are very limited print runs,
they typically become hard to find after a few years
-- and often more valuable. Thus, Lord Rees-Mogg
promises me that if you ever choose to part with
your set of The Case for Gold
, Pickering and Chatto will buy it back. All the
while, it will enhance your personal library and be
a lasting symbol of who you are and what you
believe.
This Is The
Time For Gold
In 1997, economist Robert Mundell predicted,
'Gold will be part of the international monetary
system in the 21st century.' In 1999 while accepting
his Nobel Prize Mundell said, 'The main thing we
miss today is universal money, a standard of value,
the link between the past and the future and the
cement linking remote parts of the human race to one
another...The absence of gold as an intrinsic part
of our monetary system today makes our century, the
one that has just passed, unique in several thousand
years...'
He's right. And the good news is that recently
there's been a change in investor's sentiment.
Mundell continues, 'We are seeing a gradual but
marked change in investor sentiment toward gold and
a simultaneous return of gold to its 2000-year old
status as a reserve asset... It will be desirable to
select as the standard of value that appears likely
to continue to exchange for many other commodities
in nearly unchanged value.'
Like gold - that sits at number 79 in the
Periodic Table and never moves - the wisdom in this
three-volume set is immutable. It will hold fast and
true for the rest of your life, for your children's
and grandchildren's lives and for the generations
that follow.
An
Opportunity For Sense Instead of Nonsense
Whether you are already a dedicated book-lover...
a collector with an extensive library of valuable
and unique tomes... or want to start building your
own library of truly worthy financial and investing
books... I urge you not to pass up this opportunity
to possess your own copy of this remarkable
three-volume anthology.
In this Internet-driven information age, fine
books themselves are becoming an endangered species.
Once so valuable that they were thoughtfully passed
from generation to generation as family heirlooms,
fine books are being replaced by electronic
reproductions that flicker and jump on computer
screens.
This opportunity is not for everyone. But for
discerning investors and readers with a hunger for
deep knowledge and success and an appreciation for
life experience garnered over the centuries (as
opposed to the opinions of popular pundits who are
still spewing propaganda for Wall Street) this
three-volume The Case for Gold
collection offers a fantastic opportunity. And one
that may never be repeated.
I hope that you accept his invitation as a token
of my gratitude for your support and business.
The Case
For Gold And Your Prosperity
Why do I get so excited by these books? After
all, they're just books... right? No, this book is
different. It's an investment of the sort I
especially like. Here's why:
You can't lose money...you will always have
the option to return your set of books for what you
paid for it. This is my personal guarantee to you.
This wouldn't be the first time investors made
money on limited or rare books. Today a first
edition of Ayn Rand's Atlas Shrugged sells
for about $1,800. It cost a fraction of that when it
was first offered back in 1957. A first edition of
J.D. Salinger's Catcher in the Rye is worth
$12,500; Ernest Hemingway's Old Man and the Sea
sells for $1,400; Samuel Johnson's Dictionary of
the English Language has soared to $140,000.
But I don't want you to buy this unique
collector's edition of The Case for Gold
just to make money. And I wouldn't want you to count
on it any case. The value of these books lies in
their remarkable contribution to Western society --
and the value they can hold for your personal
future.
They're attractive, substantial assets that
you can see and appreciate. Not merely an electronic
entry made by your stockbroker -- these are tangible
things of real value that you can hold in your
hands, appreciate and admire.
Subscribers and friends who purchased copies of
the collected writings of Nikolai Kondratiev, or
The Wealth of Nations, by Adam Smith, and who
know the superb quality offered by those sets, will
undoubtedly rush to order The Case for
Gold. If you want to add this
museum-quality collection to your own library, I
urge you to act immediately - before they are all
gone.
The ideas they contain are not just
interesting, they're essential -- these are the
great ideas that underpin our civilization...like
the Bible, The Iliad and The
Origin of Species ... they are the ramparts
of our culture, protecting us from economic ruin and
barbarism.
Here, in three handsome volumes that will honor
any library, is the history, economics and
philosophy of The Case for Gold.
You'll read brilliant observations and forceful
arguments that detail and develop the case for gold.
From the 400-year-old treatise of Gerard de Malynes
to the 40-year old writings of Murray Rothbard,
you'll be privy to the battle as it proceeds across
the centuries. This is the most complete and
important collection concerning the arguments for
gold ever published.
By helping you understand the nature of gold
and its relationship to currency, commodities and
wealth, they help you organize your economic life.
And help you and your family to build and protect
real wealth.
As you build your library, it's natural to look
for volumes that reflect what you believe... that
are valuable collectibles...that are also valuable
for the information they can give you... and
finally, an invaluable legacy to your children.
These are the books that remain in your family for
generations: books that by their presence ennoble
your library's atmosphere.
Your Golden
Key to Wisdom and Riches
As I said before, this opportunity is not for
everyone. But for those with the intelligence, the
hunger for knowledge and success, the sheer good
taste - The Case for Gold
offers you nothing less than a once in a lifetime
opportunity.
This information is priceless. If I set a figure
of thousands of dollars on it, it would be worth
every cent. After all, that is what it took to put
these books together undefined and years of critical
research. Yet I believe these books offer you so
much remarkable information that Pickering & Chatto
sold this book for 295 in the UK or about $450, but
because I bought all the remaining stock, I can
offer you a substantial discount. You'll pay only
just $350 - a special discount of $100. And, if the
books are shipped to you within the U.S., I will pay
the shipping and handling on top of that.
Let me remind you, these books should last 700
years or more, but the 100% money-back guarantee
lasts forever. To reserve a set in your
name, please click the 'Order Now' button below to
order . I promise immediate attention to
your order and a prompt refund of your payment if we
should run out of copies.
Thank you for your attention to this truly
unusual offer. I hope both you and your library will
benefit from it. Order your copy now, just
click 'Order Now' below.
Sincerely yours,

Bill Bonner
P.S. I believe that these books
are a legacy you'll pass on down the generations
with love and pride. That's not simply because these
books are crafted to become the same kind of lasting
classics of knowledge and bookbinder's art as the
Gutenberg bible, or a Shakespeare First Folio.
The Case for Gold is a
landmark in economic, investment and intellectual
history.
The Case for Gold will
enable you to make staggeringly well-informed
investments... And to develop the kind of high level
understanding and long-term worldviews that govern
the savviest investors in the world. People like
George Soros, Jimmy Rogers and Warren Buffett.
P.P.S. I promise that if we
receive your order form after our supply is
exhausted, you'll promptly receive your refund in
full.
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