I've been following gold professionally for some 40 years, ever since joining Citibank as an international economist back in 1973. One of my early assignments was to write a report for senior management on the future role of gold in the world monetary system. Gold had already risen from $35 an ounce in August 1971, when President Nixon ended the U.S. dollar’s official convertibility into gold, to $120 an ounce in mid-1973 when I joined Citibank as one of the most junior economists. Though I thought the price of gold could rise, if only because its price had been suppressed and private ...
A Conversation with Gold Historian Tim Green
Good friend and renown gold historian Tim Green has been researching and writing about gold for more than 40 years. His latest book, The Ages of Gold, is the most comprehensive ever written on the history of mines, markets and the price over 6,000 years. For those of us interested in gold today, there's much wisdom to be learned from the long view -- as you'll discover from my recent conversation with Tim. Jeff Nichols: What struck you most in researching the 6,000 year history of gold? Tim Green: The stability of its price over long periods, often centuries, which built up its ...
