The Power of Gold

Peter L. Bernstein 지음

Wiley 2012년 03월 12일 출간

작품소개

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quot;The need for realism in reform of its monetary system is what makes Bernstein's story of the Power of Gold so timely. It is a compelling reminder that maintaining a fixed price for gold and fixed exchange rates were difficult even in a simpler financial environmenthellip;.Peter Bernstein was reluctant to project the story of gold into the future. But to me his message was clear. Yes, gold will be with us, valued not only for its intrinsic qualities but as a last refuge and store of value in turbulent times. But its days as money, as a means of payment and a fixed unit of account are gone.quot;m-From the New Foreword by Paul VolckerThis bestselling book reveals a record of human nature in the ubiquity of gold with a new foreword by Paul VolckerIn this exciting book, the late Peter L. Bernstein tells the story of history's most coveted, celebrated, and inglorious asset: gold. From the ancient fascinations of Moses and Midas through the modern convulsions caused by the gold standard and its aftermath, gold has led many of its most eager and proud possessors to a bad end. And while the same cycle of obsession and desperation may reverberate in today's fast-moving, electronically-driven markets, the role of gold in shaping human history is the striking feature of this tumultuous tale. Such is the power of gold.Whether it is Egyptian pharaohs with depraved tastes, the luxury-mad survivors of the Black Death, the Chinese inventor of paper money, the pirates on the Spanish Main, or the hardnosed believers in the international gold standard, gold has been the supreme possession. It has been an icon for greed and an emblem of rectitude, as well as a vehicle for vanity and a badge of power that has shaped the destiny of humanity through the ages.Discusses the beginnings of gold as something with magical, religious, and artistic qualities and follows its trail as we progress to the invention of coinage, the transformatio

목차

Foreword ixAcknowledgments xiiiPROLOGUE: The Supreme Possession 1A METAL FOR ALL SEASONS1. Get Gold at All Hazards 92. Midas&-s Wish and the Creatures of Pure Chance 183. Darius&-s Bathtub and the Cackling of the Geese 384. The Symbol and the Faith 525. Gold, Salt, and the Blessed Town 666. The Legacy of Eoba, Babba, and Udd 747. The Great Chain Reaction 858. The Disintegrating Age and the Kings&- Ransoms 969. The Sacred Thirst 114THE PATH TO TRIUMPH10. The Fatal Poison and Private Money 13511. The Asian Necropolis and Hien Tsung&-s Inadvertent Innovation 15812. The Great Recoinage and the Last of the Magicians 17513. The True Doctrine and the Great Evil 19814. The New Mistress and the Cursed Discovery 21915. The Badge of Honor 23916. The Most Stupendous Conspiracy and the Endless Chain 260THE DESCENT FROM GLORY17. The Norman Conquest 28318. The End of the Epoch 30619. The Transcending Value 32820. World War Eight and the Thirty Ounces of Gold 346EPILOGUE: The Supreme Possession? 367Notes 373Bibliography 397Index 409

출판사 서평

"Bernstein's book is a fascinating read, especially in light of the recent run-up in the price of gold. Should gold once again be viewed as a currency, as so many commentators have suggested? Were he still alive, Bernstein might laconically answer, 'Read my book.'" (Seeking Alpha, May 2012)

작가정보

저자(글) Peter L. Bernstein

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The late Peter L. Bernstein was President of Peter L. Bernstein, Inc., an economic consulting firm for institutional investors he founded in 1973, after many years of managing billions of dollars in individual and institutional portfolios. Bernstein was also the author of ten books on economics and finance, including the bestselling Capital Ideas, Capital Ideas Evolving, and Against the Gods: The Remarkable Story of Risk. His writing combines the zest of a historian with the meticulous analytical powers of an economist.