Description
How silver influenced two hundred years of world history, and why it matters today
This is the story of silver's transformation from soft money during the nineteenth century to hard asset today, and how manipulations of the white metal by American president Franklin D. Roosevelt during the 1930s and by the richest man in the world, Texas oil baron Nelson Bunker Hunt, during the 1970s altered the course of American and world history. Silver has been the preferred shelter against government defaults, political instability, and inflation for most people in the world because it is cheaper than gold. The white metal has been the place to hide when conventional investments sour, but it has also seduced sophisticated investors throughout the ages like a siren. This book explains how powerful figures, up to and including Warren Buffett, have come under silver's thrall, and how its history guides economic and political decisions in the twenty-first century.Author: William L. Silber
Publisher: Princeton University Press
Published: 01/12/2021
Pages: 360
Binding Type: Paperback
Weight: 0.75lbs
Size: 8.00h x 5.20w x 1.20d
ISBN13: 9780691208695
ISBN10: 0691208697
BISAC Categories:
- Business & Economics | Economic History
- Business & Economics | Money & Monetary Policy
- Business & Economics | Banks & Banking
About the Author
William L. Silber is the Marcus Nadler Professor of Finance and Economics at New York University's Stern School of Business. His many books include When Washington Shut Down Wall Street and Volcker.