Oct 212015

goldMatthew Hart purports to answer all your questions about gold.  Why does it have value?  How is it mined?  What is the historical significance of gold?  Why should anyone own any?  After dispensing with theft from contemporary South African mines and the history of gold rather briefly, the book devolves into two rather dense sections.  First, is a jargon-rich explanation, best understood by fellow economists, for the gold standard that backed much of the world’s currencies until the 1970s.  Second, is a tedious description of how a few ounces of gold are chemically extracted from tons of useless rock.  Interspersed are some not very compelling travelogues to some of the world’s most interesting gold mines.  Though it is presented only as a passing thought the inevitable conclusion is that gold’s value is currently no different than the value of a famous painting.  It is worth only as much as someone who collects such things is willing to pay.

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