The Gold Supply and Prosperity (Classic Reprint)

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Excerpt from The Gold Supply and Prosperity The first (December, 1905) number of Moody's Magazine contained a symposium on the effects of the increasing supply of gold upon prices, interest rates, industry, etc. Both because of the able men who contributed to this symposium and the - to most men - novel theory advanced by many of the contributors, that more gold means not only continuously rising prices, but rising or high, rather than low, interest rates, and the fact, as was clearly shown, that the values of investments are rapidly changing as a result of the depreciation in the standard of value, there was such a demand for this number of the magazine that the supply was exhausted before the end of December. The demand for the "Gold Symposium" number continuing unabated, together with the many evidences manifested of the growing interest of investors in this vital question, it was decided to republish the Gold Symposium in book form. Not only have the statistics published in connection with the symposium been brought down to date, but much new material has been added. The "Quantity Theory of Money, " as viewed by some of our ablest economists and thinkers, is given careful consideration. "The World's Production of Gold, " by A. Selwyn-Brown, an expert, forms an important part of the book. Much new matter as to prices of bonds and stocks has also been added, which not only amplifies the data presented, but which demonstrates that, in practice, events are proceeding in accordance with the theories advanced by most of the contributors to the Gold Symposium. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.