This book is based on research as well as on my firsthand experience in commodity markets throughout my professional career, from 2003 to the present.
From my time at Deutsche Bank, I thank Klaus Martini for leadership, motivation, and for bringing the story of Bre-X to my attention. Jochen, I thank you not only for your foreword but also for sharing the same passion for commodity markets (and for Italian wine). Thomas, lucky coincidence to meet in Munich: you connected the dots of precious metals and cryptos.
Of all the people who supported me with ideas and endorsements, I would like to thank Sasha in particular for his input on crude oil and the implications of the 1970s crisis for Soviet Russia. Valery, I thank you for bringing up new aspects on blockchains and bitcoins.
I thank my mother and dedicate this book to her with love and eternal appreciation. Without you, all of this wouldn’t have been possible.
My beloved wife, Alina, I thank you for your love and support. And I will always remember your wedding vow to read all my books, even the German ones.
Finally, I would like to thank the team at Greenleaf Book Group in Texas for their help and support. In particular, Daniel, for transporting good news to Lago Maggiore, Italy. Jen, for flexibility in project management and schedules. Lindsey, for getting it all right; Marianne, for polishing; and Chase, for layout brainstorming! And Joan, my editor in Santa Barbara, for her sunny mood and fresh ideas.