Apr 30, 2009 a timely update of roy jastram s 1977 book, the golden constant, with updated material from jill leyland, latterly of the gold council, provides a fascinating insight into the price and purchasing power of gold over the past close to 450 years. Buy the golden constant by roy w jastram online at alibris. This new edition of roy jastram s the gold constant has been produced with the support of the world gold council. Jastram 1977, hardcover at the best online prices at ebay. Feb 21, 2017 in this case, a starting point is roy w. First published in 1977, this new edition has additional material to bring.
Dec 28, 2012 in considering the question of gold, i first turned to roy jastram s analysis of the history of gold prices over the last five centuries in the golden constant, updated in 2007 by jill leyland of. The book is the only indepth examination of how the purchasing power of gold has performed over the centuries in both england and the usa. In 1977, the seminal book the golden constant by the late roy w jastram, then professor of business administration at the university of california at. Black boards with gold lettering, slight tilt to spine, some pages dog eared, pencilled marks in margins, wear to board edges, small. Debates about gold have once again become more publicized and more lively. W the golden constant hautcoeur, pierrecyrille 20100425 00. The golden constant is a unique examination of how. Hello select your address best sellers todays deals new releases gift ideas electronics books customer service home computers gift cards coupons sell todays deals new releases gift ideas electronics books customer service home computers gift cards coupons sell. Roy william jastram is the author of the golden constant 4. Jastram university of california, berkeley reprinted with additional material by jill leyland edward elgar cheltenham, uk northampton, ma, usa. Jastram, school of business administration, university of california, berkeley, to the security analysts society of san francisco december 2, 1981 let me start with some startling statistics.
How to buy gold and silver bullion without getting ripped off. Jun 01, 2009 a timely update of roy jastram s 1977 book, the golden constant, with updated material from jill leyland, latterly of the gold council, provides a fascinating insight into the price and purchasing power of gold over the past close to 450 years. Brands the age of gold but swapping their ripping yarns for dry, scholarly tables of grain prices from the 18th century its one of the very few books to acknowledge what diehard gold investors feel so. The resurrection of a classic study of golds relationship with prices the golden constant originally scribed by roy jastram comes at a pertinent juncture not only in monetary history but potentially at a significant time of the year where seasonally gold prices are due to rise in nominal terms. This book happens to be in my possession, and my historical data sheets on golds purchasing power are also based on jastram s figures. Gold has been described as an inflation hedge, a golden constant, with a long run real. This was the first attempt to compile and publish long run statistics on the price of gold and inflation that spanned several centuries. The english and american experience, 15601976, by roy w. Erb and harvey 20 explored jastrams 1978 golden constant. This book happens to be in my possession, and my historical data sheets on golds. Contents tables and charts xiii about the new edition xvii. Pdf this new edition of roy jastram s the gold constant has been produced with the support of the world gold council.
We have new and used copies available, in 0 edition starting at. The english and american experience 15602007, updated edition roy w. Click and collect from your local waterstones or get free uk delivery on orders over. Jastram used the phrase the golden constant to communicate his belief that the real price of. A timely update of roy jastram s 1977 book, the golden constant, with updated material from jill leyland, latterly of the gold council, provides a fascinating insight into the price and purchasing power of gold over the past close to 450 years.
From the time the united states went off the gold standard in 1933 the wholesale price level has gone up by 760%. The golden constant is a unique examination of how golds purchasing power has remained. The english and american experience, 15601976, by roy. Mar 25, 2020 in his foreword to the new edition of roy jastram s the golden constant pierre lassonde1 wrote. Sorry, we are unable to provide the full text but you may find it at the following locations. So wrote professor roy jastram in is much more than mere. The book is the only indepth examination of how the purchasing. The golden constant was the first statistical proof of golds property as an inflation hedge over the centuries. Pdf this new edition of roy jastrams the gold constant has been produced with the support of the world gold council. Wiley, 1977 fair ex library first edition, 1977, second printing in unclipped but laminated dust jacket. The golden constant lost threequarters of its purchasing power during that time. The english and american experience 15602007 by roy w.
Signs of wear can include aesthetic issues such as scratches, dents, worn and creased covers, and folded page corners. The english and american experience, 15601976 by jastram, roy w. Jastram wiley new york wikipedia citation please see wikipedias template documentation for further citation fields that may be required. First published in 1977, this new edition has additional material to bring it up to date. In 1977, the seminal book the golden constant by the late roy w jastram, then professor of business administration at the university of. It was, writes the economist michael bordo of the era of the gold standard in the concise. In that work, jastram finds that gold maintains its. The golden constant is a unique examination of how goldas purchasing power has remained consistent over the centuries. For this, and for its masterful examination of the behaviour of gold and its purchasing power against the background of political and economic events, it is rightly considered a seminal study. Jul 31, 2017 in this case, my starting point is roy w. Information from successive changes in gold and silver prices during.
The english and american experience 15602007, updated edition 9781847202611 by jastram, roy w leyland, jill and a great selection of similar new, used and collectible books available now at great prices. Alongside peter bernsteins the power of gold and h. Sep 02, 2020 cpm group notes their data is sourced from a book called the golden constant, written by professor roy jastram. Uncommonly good collectible and rare books from uncommonly good booksellers. Hello select your address best sellers todays deals new releases gift ideas electronics books customer service home computers gift cards coupons sell. All pages and the cover are intact, but the dust cover may be missing. In 1977 roy jastram in his seminal text the golden constant constructed indices of commodity prices, gold prices, and gold purchasing power from 1560 to. Find the golden constant by jastram, roy w at biblio. The english and american experience, 15601976 by jastram, roy william. With the gold price reaching new records in 2008, the new edition, on. Gold is the most stable currency in the longterm the. The item is very worn but continues to work perfectly.
In his foreword to the new edition of roy jastram s the golden constant pierre lassonde1 wrote. Cpm group notes their data is sourced from a book called the golden constant, written by professor roy jastram. The golden constant is a unique examination of how golds purchasing power has remained consistent over the centuries. Roy jastram s original text has been reproduced with no changes. This book, more than any other, has given me my lifelong passion for understanding the role of gold in our societies.
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