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The Golden Constant |
The late Roy W. Jastram, formerly Professor of Business, University of California, Berkeley, US. Updated material by Jill Leyland
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| 2009 |
368 pp |
Hardback |
978 1 84720 261 1 |
£79.95 |
on-line discount
£71.96 |
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‘As gold holds its value over the long run, so, I predict, will this superb book. Must reading for the investor and scholar alike.’
– James Grant, Editor, Grant’s Interest Rate Observer
With the gold price reaching new records in 2008, this new edition of Roy Jastram’s seminal work, considered by some to be the finest empirical study of the gold price, is timely. Published in 1977, the author’s painstaking work on historical statistics enabled fluctuations since 1560 in the value of gold and its purchasing power to be studied. It established, for the first time, how gold’s purchasing power had been maintained over the centuries. This edition reprints Jastram’s entire original text but adds two more chapters to bring the book up to date, shedding new light on gold’s relevance today.
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Contents: About the New Edition Preface Previously Written by Roy W. Jastram Foreword to the New Edition by Pierre Lassonde Introduction Part I: The English Experience 1. The Price of Gold 2. Historical Fluctuations in the Price of Gold 3. Commodity Prices and the Construction of Index Numbers 4. The Purchasing Power of Gold 5. The Purchasing Power of Gold in Inflation and Deflation Part II: The American Experience 6. The Evolution of the Gold Standard and Historical Fluctuations in Gold Prices 7. The Purchasing Power of Gold 8. Reflections on the Golden Constant Part III: After the Gold Price was Freed, 1971–2007 9. The Gold Market and the Purchasing Power of Gold, 1971–2007 10. Further Explorations into the Gold Price and its Purchasing Power Appendices Index
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