Gold and Silver

  • Brendan Brown


Gold is the king of bad news goods. The principal source of the metal’s value is the income which it would yield contingent on certain bad realities — war, energy catastrophe, hyperinflation, social revolution — each of which has small likelihood. Gold has further come to have a dominant influence on the movement of a wide range of bad news goods.


Zinc Europe Uranium Income Assure 


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Notes and References

  1. 1.
    See Brendan Brown, Money, Hard and Soft (Macmillan, 1978) Chapter 5, pp. 145–9, for a discussion of how, in a world of monetary nationalism, gold would be forced into the limelight as the principal international money.Google Scholar

Copyright information

© Brendan Brown 1982

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  • Brendan Brown

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