Gold Matters: A Timely Book for a Timeless Asset

5.5.22 - What Do Fed Rate Hikes Mean for Main Street?

Gold last traded at $1,868 an ounce. Silver at $22.40 an ounce.

NEWS SUMMARY: Precious metal prices rose Thursday on bargain-hunting despite a sharply higher dollar. U.S. stock indexes slid between 2%-4%, giving back the gains from the previous session, after the Federal Reserve raised rates by half a point.

Gold Switzerland-"Matterhorn Asset Management principals Egon von Greyerz and Matthew Piepenburg are pleased to announce the release of their co-authored book, Gold Matters (343 pages, $1.99 Kindle Version)....

Gold Matters is a much-needed examination of gold as a timeless wealth preservation asset in a modern setting of unprecedented financial risk. Never before have financial systems been stretched this dangerously thin. Never before have investors faced a future of such epic change demanding immediate solutions....

MAM's newly released book makes a blunt yet fact-based case for significant and pending wealth destruction arising from a global convergence of historically unprecedented debt, market, currency and banking risk. As currencies like the Yen nosedive after years of central bank money printing, history confirms that such a debt-to-inflation-to-debasement pattern is nothing new. Other leading currencies like the USD and euro face a similar tipping point as bonds begin their steady fall in an increasingly de-Dollarized new era....

As history reminds (from ancient Rome to 18th century France or 21st century DC): All bubbles pop. Unfortunately, the interim (and artificially stimulated) pre-implosion euphoria and extreme inflation of risk asset pricing has placed the majority of retail investors into a dangerous and false complacency.

Wall Street pundits, cornered policy makers and an increasingly discredited financial media have deliberately ignored and/or downplayed the fatal patterns and consequences of such desperate money creation to pay for equally desperate debt expansion, namely: The inevitable arrival of wealth destroying inflation, serial market implosions, social fracturing and the classic debasement of the currencies by which uninformed investors otherwise measure their accumulated wealth.

Physical gold, often misunderstood as a 'barbarous relic' of the past, is revealed in Gold Matters as an essential real asset in this distorted modern backdrop....With great crisis comes great opportunity, and despite the clear risks and struggles ahead, Gold Matters offers a sane and clear path to wealth generation and preservation in an otherwise volatile future marked by increasing wealth destruction and profound systemic change."