Book of the Month…The Ascent of Money by Niall Ferguson
Great book, it explores money from another angle, giving you the history and background to some thing you take for granted, for instance, i post an excerpt on the impact of paper notes no longer being convertible to gold…Interesting stuff
“man who had exchanged his $1,000 of savings for gold in 1970, while the gold window was still ajar, would have received just over 26.6 ounces of the precious metal. At the time of writing, with gold trading at close to $1,000 an ounce, he could have sold his gold for $26,596.”
