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Title: The Power of Gold: The History of an Obsession by Peter L. Bernstein, Eric Conger ISBN: 0-375-41608-0 Publisher: Random House Audio Publishing Group Pub. Date: 03 October, 2000 Format: Audio Cassette Volumes: 4 List Price(USD): $27.95 |
Average Customer Rating: 3.89 (35 reviews)
Rating: 5
Summary: A look at gold for what it really is...
Comment: I thoroughly enjoyed this book and it answered many of my nagging questions about gold's history and in some cases financial history. While I was well prepped by other comments on how this was more a "history" book rather than an "investment" book, I didn't expect the degree of insight it would offer me into our existing monetary system. I found that insight rounded out the book very well.
Given the evolution in our financial and monetary system over the past few centuries, it amazes me to see the number of people who are still enamored with gold. The only real justification for holding gold is to be insured against a catastrophic event hitting the global financial system. Given that gold earns nothing waiting for that unlikely day, every investor has to ask them self how much they are willing to pay for that insurance.
Peter Bernstein makes a fairly compelling case to look at gold for what it really is today - a commodity. Gold did have it's day in the sun, but that sun has now set...
Rating: 4
Summary: As good as gold
Comment: Except for a brief explanation of what gold is, and a few of the major gold rushes, "The Power of Gold" is essentially the economic history of gold. That isn't neccessarily a bad thing, the only major flaw with the book in my opinion is when the Europeans/Americans wrangle over the gold standard. The last section involving how much gold is a dollar or a pound is just plain dull. However, most of the book a fascinating look at our fascination with the magic metal. My favorite history books are written by novices, since the author usually enjoys his subject enough to write about it, and Bernstein does have an enthusiasm over his subject that is infectious. So, I would definitely recommend this book to anyone interested in the history of gold or even modern money.
Rating: 4
Summary: Not bad.
Comment: Having expected this book to be more about the get rich schemes or preparing for the collapse of the world economy, I found this book to be more like a world history lesson on gold instead. The book provides an interesting look at gold from a historical perspective, and how it has dominated civilizations around the world in both the past and present. Gold has, as few would doubt, stood the test of time akin to a financial Rock of Gibraltar, and this book presents why that has been so and why it will continue to be so.
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Title: Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein ISBN: 0471295639 Publisher: John Wiley & Sons Pub. Date: 31 August, 1998 List Price(USD): $19.95 |
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Title: The New World of Gold: The Inside Story of the Mines, the Markets, the Politics, the Investors by Timothy Green ISBN: 0802772617 Publisher: Walker & Co Pub. Date: September, 1984 List Price(USD): $20.95 |
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Title: Financial Reckoning Day: Surviving the Soft Depression of the 21st Century by William Bonner, Addison Wiggin ISBN: 0471449733 Publisher: John Wiley & Sons Pub. Date: 12 September, 2003 List Price(USD): $27.95 |
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Title: CAPITAL IDEAS: THE IMPROBABLE ORIGINS OF MODERN WALL STREET by Peter L. Bernstein ISBN: 0029030129 Publisher: Free Press Pub. Date: 29 March, 1993 List Price(USD): $14.95 |
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Title: Tomorrow's Gold: Asia's Age of Discovery by Marc Faber ISBN: 9628606727 Publisher: CLSA Pub. Date: 12 November, 2002 List Price(USD): $35.95 |
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