Gold: The Once and Future Money
ETB 5941
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In Gold, he makes a forceful, well-documented case for a worldwide return to the gold standard. Governments and central bankers around the world today unanimously agree on the desirability of stable money, ever more so after some monetary disaster has reduced yet another economy to smoking ruins.
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What Stands Out
Product Details
- Written by Nathan Lewis, an experienced economist
- Advocates for a return to the gold standard
- Explains the benefits of a stable currency
- Discusses the history and effects of inflation, deflation, and floating currencies
- Provides a sobering look at recent currency crises
- Argues that gold has a proven track record as a stable form of money
| Publisher | WILEY |
| Publication date | January 1, 2007 |
| Edition | 1st |
| Language | English |
| Print length | 464 pages |
| ISBN-10 | 0470047666 |
| ISBN-13 | 978-0470047668 |
| Item Weight | 1.54 pounds (700 grams) |
| Dimensions | 6.4 x 1.3 x 9.3 inches (16.3 x 3.3 x 23.6 cm) |
Who Should Buy?
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Investors Seeking Clarity
Ideal for investors wanting to understand gold's role in the financial system and its historical significance.
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History Enthusiasts
Perfect for readers interested in the economic history and the evolution of money and gold's impact on it.
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Financial Analysts
Beneficial for analysts wanting comprehensive insights on gold as an asset and its macroeconomic implications.
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Casual Readers
Not suitable for those seeking light reading or entertainment; it's more analytical and dense in content.
Product Description
Customer Questions & Answers
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Question:
What themes are explored in 'Gold: The Once and Future Money'?
Answer: The book dives deeply into the historical significance of gold as a form of currency and wealth storage. It examines how gold has influenced economies throughout history and offers insight into its role in contemporary monetary policy. Exploring the themes of trust, value, and economic stability, the authors argue that gold remains a critical asset in today's financial landscape. Readers who are interested in understanding the cyclic nature of economics will appreciate how the book correlates historical events with current banking practices. -
Question:
Who are the authors of 'Gold: The Once and Future Money'?
Answer: The book is authored by the renowned financial analysts and authors Nathan Lewis, a prominent economist known for his expertise in monetary history and policy, and others who provide a diverse perspective on gold's role in finance. Each author brings their unique background and insights, enriching the narrative and enhancing the reader's understanding of how gold has shaped economic ideologies over time. Readers seeking expert analysis and varied viewpoints will find valuable perspectives throughout the text. -
Question:
Is 'Gold: The Once and Future Money' suitable for beginners in finance?
Answer: Absolutely! While the book covers complex themes, it is written in an engaging and accessible manner. The authors use clear language and support their arguments with historical examples, making it approachable for readers with varying levels of financial knowledge. Beginners interested in financial history or those curious about the intricacies of economic systems will find the material informative and enlightening, providing a solid foundation for future exploration in finance and economics. -
Question:
What unique perspectives does the book offer regarding the future of gold?
Answer: The authors present a compelling argument that gold will continue to play a critical role in Ethiopia finance, particularly as a hedge against inflation and currency fluctuations. They discuss potential scenarios where gold might regain its prominence due to economic instabilities and growing distrust in fiat currencies. For those interested in future economic trends or asset diversification strategies, the insights offered can serve as a valuable guide to understanding the potential resurgence of gold's importance in modern finance. -
Question:
How does 'Gold: The Once and Future Money' address the concept of fiat currency?
Answer: The book critically evaluates fiat currency systems, discussing their historical context, advantages, and inherent risks. It contrasts these systems with gold-backed currencies and explains how trust and value perceptions impact economic stability. The analysis enables readers to better understand current banking operations and monetary policies. Those who are puzzled by the complexities of currency stability or monetary theory will find this comparison illuminating, offering a deeper grasp of why gold is often seen as a safe haven asset. -
Question:
Are there real-world applications of the concepts discussed in the book?
Answer: Yes! The concepts discussed can be applied to personal investment strategies and economic decision-making. By understanding gold's historical performance and its role in today's financial markets, readers can make more informed choices about asset allocation. Investors contemplating risks and rewards will find practical guidance on how to utilize gold in hedging strategies and wealth preservation. Whether you are interested in gold investments or simply wish to understand its value in a diversified portfolio, the book serves as a useful reference. -
Question:
Can this book help me understand economic cycles?
Answer: Certainly! 'Gold: The Once and Future Money' provides a thorough examination of economic cycles, detailing how gold has historically performed in various economic conditions. The authors illustrate the correlation between monetary policy and gold value, highlighting its role during periods of inflation and recession. Readers keen on grasping cyclical economic patterns will benefit from the book’s historical analysis and forward-looking perspectives, equipping them with the knowledge to navigate future economic fluctuations more effectively. -
Question:
What kind of audience would benefit from reading this book?
Answer: The book appeals to a diverse audience, including finance professionals, economic students, historians, and casual readers interested in monetary policy. It offers valuable insights for anyone looking to enhance their understanding of gold's role in financial systems, investment strategies, and economic history. Professionals aiming to contextualize their investment strategies will find the academic rigor and historical context particularly beneficial, while general readers seeking knowledge about money can engage with the material easily. -
Question:
Is there any supplementary material provided in the book?
Answer: Yes, 'Gold: The Once and Future Money' includes various references, notes, and suggested readings that enrich the understanding of the topics covered. These resources allow readers to explore subjects in greater depth and context. Those looking for a more comprehensive grasp of gold's monetary history and future implications will find the supplementary material helpful for enhancing their research and broadening their knowledge beyond the main text. -
Question:
Where can I buy 'Gold: The Once and Future Money' in Ethiopia?
Answer: You can purchase 'Gold: The Once and Future Money' through Ubuy, a reliable online marketplace that offers a wide selection of books and delivers them directly to you. Ubuy provides a user-friendly shopping experience and ensures you can find the title easily. Whether you are looking for a detailed analysis of gold or seeking to enhance your financial library, Ubuy is an excellent option to consider for acquiring this insightful read.
Personal Finance Editorial Review
The book 'Gold: The Once and Future Money' is a historical, global research tome on economic history, the role gold has played in it, and the benefits of hard money in underpinning economic growth and Prosperity. The book is insightful and well-written, but it gets bogged down in extraneous historical detail that interferes with the flow, and the author repeatedly uses the term 'gold standard' regardless of whether referring to a classical gold standard or a gold-exchange standard. A few pages on topics like the inherent conflict of a national currency serving as a global reserve or the dangerous and unsustainable expansion of credit that occurs under a gold-exchange standard would have been of great service to the reader. Although the chapter's second-half chapters take a long time to read and become quite tedious, the book has excellent historical detail and is a nice summary of the role of gold in the global economy.
Customer Reviews & Ratings
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Pros
- A scholarly and well-researched treatise on the economic history of hard money
- Outstanding review of economic history and the highly beneficial part gold has played in it.
- Gives historical and contemporary examples around the globe in support of the benefits of a stable currency or hard money.
- Contains a lot of excellent historical detail on the role of gold in the global economy.
Cons
- The book gets bogged down in extraneous historical detail that interferes with the flow.
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ETB 5941
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Features & Benefits
- Gold standard should be understood better
- Author Nathan Lewis makes a strong argument for a worldwide return to the gold standard
- Gold provides stability and prosperity worldwide
- Book explains the effects of inflation, deflation, and floating currencies in layman's terms
- Gold offers decades and even centuries of stable money and economic abundance
- Author Nathan Lewis was formerly the chief international economist of a firm
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