What do you think?
Rate this book
304 pages, Hardcover
First published January 1, 2000
Over the centuries, gold has stirred the passions for power and glory, for beauty, for security, and even for immortality. Gold has been an icon for greed, a vehicle for vanity, and a potent constraint as a monetary standard. No other object has commanded so much veneration over so long a period of time.
God selected gold for the tabernacle where humans should come to worship. Jason saw the Golden Fleece as the key to establishing his dynasty. For the Egyptian pharaohs, gold wold confirm their magnificence even in the Afterlife. Croesus coined his golden staters and bribed the Oracle of Delphi with gold to assure himself of the security of his rule. Crassus thought gold could buy him military glory and ended with molten gold in his throat. The Byzantines clung to gold as an instrument of power and to ward off their many enemies. The Arabs used gold, along with their military zeal, to humble the world with theri business skills. The Genoese, Venetians, and Florentines coined gold to articulate their financial power. The survivors of the Black Death festooned themselves with gold to celebrate their survival.
Columbus thought gold could get people into Heaven. The Spaniards despoiled the New World's gold in a vain attempt to dominate the Old. Asians sponged up gold to protect themselves from the unknown. Issac Newton, a scientist who spent years at alchemy, thought he understood the golden guinea and grossly underestimated its importance. The English, and then all the Europeans and the Americans, built complex financial systems on the bedrock of gold, expecting it to defend their wealth from the depredations of government and the impatient poor. The Forty-Niners ravaged Johann Sutter's farm in search of the life of kings. John Stewart MacArthur expected cyanidation to bring him great wealth and was foiled by others who were even greedier. Charles de Gaulle saw gold as a s weapon to bring his rivals to their knees so that the world could enjoy the order that France would bestow upon it. The gnomes of Switzerland and the speculators in the frenzy of the early 1980s fled to gold for an invincible shield against the irrationality of the state.
But all of that is history. At the dawn of the new millennium, gold is no longer at the center of the universe. The last vestiges of the golden fetters were discarded by Richard Nixon in 1971. When the golden Humpty-Dumpty fell off that wall, no one had much interest in wanting to put him back together again. Dispossessed from its power over the world of money, gold has been emasculated. Now greed and the lust for power frun down different channels. We have related gold to its traditional role in jewelry and adornment, although small amounts of gold fly into space and speed the motion of electronic blips. In an even more novel capacity, 22-carat flakes of gold have been sprinkled atop sashimi salads, roast lamb, and other pricey dishes.