First Edition of the authors "tour de force" The Power of Gold: The History of an Obsession; Inscribed by Peter Bernstein
The Power of Gold: The History of an Obsession.
Item Number: 322
New York: Wiley, 2000.
First edition of this work on the history of gold. Octavo, original boards. Presentation copy, inscribed by the author on the front free endpaper, “For William good as gold- Peter Bernstein." Fine in a fine dust jacket.
"The need for realism in reform of its monetary system is what makes Bernsteins story of the Power of Gold so timely. It is a compelling reminder that maintaining a fixed price for gold and fixed exchange rates were difficult even in a simpler financial environment.Peter Bernstein was reluctant to project the story of gold into the future. But to me his message was clear. Yes, gold will be with us, valued not only for its intrinsic qualities but as a last refuge and store of value in turbulent times. But its days as money, as a means of payment and a fixed unit of account are gone" (Paul Volcker).