Will Gold Depreciate?

First edition. 8vo. xiv, 178, [2] pp. Original red cloth, spine lettered in gilt, dust jacket (some trivial wear to extremities, jacket price clipped, notwithstanding a near fine, notably clean copy). London, Macmillan.

A comprehensive study of the Gold Scare of 1937 by the Romanian-British financial journalist Paul Einzig (1897-1973) - complete with the rare dust jacket. The 1937 Gold Scare revolved around fears that the United States and Britain would reduce the price of gold in response to global supplies of the metal rising worldwide, triggering extensive panic in the markets.

Einzig was foreign editor of the Financial News and later political correspondent for that paper and the Financial Times. He was the author of fifty-seven books between 1929 to 1973, focusing on monetary policy, foreign exchange operations, international relations, and the world economic system.

Stock Code: 247800