A colorful history of humankind's obsession with gold revisits the ancient world, where gold was the absolute standard of wealth, and traces its rocky road to the present. By the author of Against the Odds. Reprint.
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PETER L. BERNSTEIN combines the zest of a historian with the meticulous analytical powers of an economist. He is the author of seven other books on economics and finance, including the bestsellers Against the Gods: The Remarkable Story of Risk and Capital Ideas: The Improbable Origins of Modern Wall Street. Bernstein is President of Peter L. Bernstein, Inc. He established the firm in 1973 as economic consultants to institutional investors and publisher of Economics & Portfolio Strategy, a semi-monthly newsletter. He lectures widely throughout the United States and abroad and has received the highest honors from his peers in the investment profession.
Praise for The Power of Gold and Peter l. Bernstein
"Mr. Bernstein has turned this story-not an obvious golden opportunity for even a writer of Mr. Bernstein's skill-into a real page-turner."-The Wall Street Journal
"Bernstein's volume is a tour de force with a satisfying conclusion: The characters in this drama prove themselves 'fools for gold, chasing an illusion.' "-Business Week
"This book is an eloquent, brilliantly written historical review of how gold has influenced the evolution of monetary systems and trade, from early civilizations to the present day. Bernstein succeeds in presenting an enormous amount of research in a format as easy to read and as captivating as the best murder mystery."-Risk magazine
"There are sugarplums throughout the book....The pleasure of the book is in its sheer number of unknown places and interesting episodes."-The New York Times
"The triumph of Peter Bernstein's book is that in the end you understand why and how it happened that the golden dog no longer barks. Bernstein is America's greatest living economic journalist."-The Boston Globe
"Bernstein . . . does full justice to his material. Almost every chapter contains some detail to surprise or delight."-Financial Times
"The range of research evident throughout the book is staggering.... Bernstein's ear for the telling quote is pitch perfect."-USA Today
The Power of Gold tells how history's most coveted, celebrated, and inglorious asset has inspired romantic myths, daring explorations, and titanic struggles for money and power. Gold has been an icon for greed and an emblem of rectitude as well as a vehicle for vanity. But the true significance of this infamous metal may lie in the timeless passions it continues to evoke and what it reveals about ourselves.
"The story of gold-in all its splendor and mythology, its fascination for individuals and nations alike.... Peter Bernstein is up to the challenge. His spritely exposition is a fine read even as it makes us think and reflect." -Paul A. Volcker, Former Chairman of the Federal Reserve
"...a fascinating story...wittily written and full of original insights.... Peter Bernstein has once more written a brilliant book, both highly instructive and entertaining." -Pierre Keller, Former Senior Partner, Lombard Odier & Cie, Geneva
"Hats off! We are in the presence of a master...to read with such delight...the astonishing width and depth of Bernstein's knowledge." -Roger G. Kennedy, Director Emeritus, National Museum of American History
"This book is a noble treatment of the most noble of elements. The Power of Gold is a brilliant and unexpected tale of three thousand years of a metal as virtual reality." -Steve Jones, author, Darwin's Ghost: The Origin of Species Updated
"Admirably written...a wonderfully interesting view-not alone of gold but of the greater economic history. Like other of his work, it is assured of a wide readership." -John Kenneth Galbraith, Professor of Economics Emeritus, Harvard University
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