The Story of Silver

How the White Metal Shaped America and the Modern World

Business & Finance, Economics, Money & Monetary Policy, Economic History
Cover of the book The Story of Silver by William L. Silber, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: William L. Silber ISBN: 9780691184517
Publisher: Princeton University Press Publication: February 5, 2019
Imprint: Princeton University Press Language: English
Author: William L. Silber
ISBN: 9780691184517
Publisher: Princeton University Press
Publication: February 5, 2019
Imprint: Princeton University Press
Language: English

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. FDR pumped up the price of silver to help jump start the U.S. economy during the Great Depression, but this move weakened China, which was then on the silver standard, and facilitated Japan’s rise to power before World War II. Bunker Hunt went on a silver-buying spree during the 1970s to protect himself against inflation and triggered a financial crisis that left him bankrupt.

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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. FDR pumped up the price of silver to help jump start the U.S. economy during the Great Depression, but this move weakened China, which was then on the silver standard, and facilitated Japan’s rise to power before World War II. Bunker Hunt went on a silver-buying spree during the 1970s to protect himself against inflation and triggered a financial crisis that left him bankrupt.

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.

More books from Princeton University Press

Cover of the book The Imaginative Argument by William L. Silber
Cover of the book Fundamentals of Spacecraft Charging by William L. Silber
Cover of the book Sin by William L. Silber
Cover of the book Creating the National Pastime by William L. Silber
Cover of the book On Elizabeth Bishop by William L. Silber
Cover of the book The Euro and the Battle of Ideas by William L. Silber
Cover of the book Will You Be Alive 10 Years from Now? by William L. Silber
Cover of the book Numerical Methods for Stochastic Computations by William L. Silber
Cover of the book Resource Strategies of Wild Plants by William L. Silber
Cover of the book Secular Cycles by William L. Silber
Cover of the book Straightforward by William L. Silber
Cover of the book Fairy Tales for the Disillusioned by William L. Silber
Cover of the book The Great Exception by William L. Silber
Cover of the book Five Days in August by William L. Silber
Cover of the book Monarchs and Milkweed by William L. Silber
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy