Publisher's Synopsis
Excerpt from Gold Market Report to the United States Department of the Treasury
The above assumptions are obvious to some, absurd to others, but are simply truisms that apply to all world mineral resources that exist in finite quantity. Gold will only be produced whether by state owned or private enterprise if there is an expectation that the selling price will exceed production costs in real terms. This has been true in the past, is true now, and will continue to be true in the future. There is no intangible or mystical value of gold or any other commodity that is not ultimately subject to market determination.
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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.
