Autorentext

Kelly Mitchell is a writer and financial analyst, specializing in precious metals and cryptocurrency. A Chinese edition of the original edition of Gold Wars was published by the prestigious Shanghai Jiao Tong University Press. He maintains a substack column writing on gold wars at goldwars.substack.com He lives in Cape Breton, Nova Scotia with his wife and 2 boys.

Klappentext

The Western media fixation on Bitcoin--price, memetics, and volatility--ignores the strategic resurgence of gold. The narrative framing of the rise of gold ignores the cause: an underlying structural shift.
This second edition of Gold Wars: The Battle for the Global Economy, is now retitled Gold Wars: Emergence of a Multipolar Monetary Order with a view to emphasizing this significant subsequent shift. It features new chapters on China's gold, the lapsing Petro-dollar, the impact of the BRICS, and cryptocurrencies. The accelerating imbalances are fracturing the financial system.
The initial aim of the gold wars, as shown in the first edition, was price suppression, fiat currency cosmetics, and maintenance of the shadow/central bank cartel. The West lost that war.
But gold, as this book proves, anchors the creation of an emergent financial system. The BRICS is creating not a gold standard but a gold option--a parallel system where trade and value can flow without U.S. permission. Gold is no longer just a store of value. It's becoming a weapon of monetary self-defense for entire global regions.
The new significance of gold wasn't driven by inflation fears or chart patterns--it was a tectonic restructure, a repricing of trust. Not trust from the public--but from institutions. Central banks kept buying. ETFs held steady. There was no mania. Just a quiet shift from paper promises to physical certainty.
Power is flowing East. China and Russia have drawn in massive amounts of gold while dumping Treasuries. The BRICS will unveil a gold backed e-CNY to compete with the dollar. Simultaneously, they are forcing the US debt back home in exchange for real assets, choking the Fed/Treasury on the mountain of paper, and grabbing the financial power. This momentous shift is already underway
In 2023 and 2024, Chinese gold imports surpassed most Western central banks' entire holdings. China doesn't need to announce a gold standard. It only needs to create conditions where gold becomes more trustworthy than Western fiat. The shift won't require an edict. It will occur by default, when trust fails and metal remains. And hence, a new chapter, The Disappearing Dollar.
Western banks, lacking the gold to cover their obligations, are increasingly trying to financialize the problem.