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"This is the story of silver's transformation from soft money during the nineteenth century to hard asset today, and how manipulations of the white metal by American president Franklin D. Roosevelt during the 1930s and by the richest man in the world, Texas oil baron Nelson Bunker Hunt, during the 1970s altered the course of American and world history. FDR pumped up the price of silver to help jump start the U.S. economy during the Great Depression, but this move weakened China, which was then on the silver standard, and facilitated Japan's rise to power before World War II. Bunker Hunt went on a silver-buying spree during the 1970s to protect himself against inflation and triggered a financial crisis that left him bankrupt. Silver has been the preferred shelter against government defaults, political instability, and inflation for most people in the world because it is cheaper than gold. The white metal has been the place to hide when conventional investments sour, but it has also seduced sophisticated investors throughout the ages like a siren. This book explains how powerful figures, up to and including Warren Buffett, have come under silver's thrall, and how its history guides economic and political decisions in the twenty-first century"--Publisher's description
Discovered in 1992, the Hoxne Treasure is perhaps the richest cache of gold and silver coins, jewellery and tableware from the entire Roman world. The core of this volume is the catalogue of the 15,000 late 4th- and early 5th-century gold and silver coins, together with an in-depth discussion of the production and supply of late Roman coinage. Hoxne's silver coins are particularly interesting, and the book also contains ground-breaking discussions of the silver content of Roman currency as well as of the peculiarly British phenomena of coin clipping and copying. The value of the Hoxne Treasure in shedding light on an otherwise dark period of British history also calls for a broader, non-numismatic perspective, and the volume includes an important chapter dealing with the social significance of precious metals in the later Roman empire, particularly their role in the gift-exchange networks that defined and maintained late Roman imperial society.
A new account of the role of coinage in the finances and economy of the Roman Empire.