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Two Centuries of Prosperity on a Gold Standard, Then We Threw It Away
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Two Centuries of Prosperity on a Gold Standard, Then We Threw It Away
The Man Who Priced Gold for 200 Years Most people recognize Sir Issac Newton for his work on gravity, but in 1717, he was more than a great scientist. He was Master of the Royal Mint of England, and he had a problem to solve: What should an ounce of gold be worth in British pounds? Newton sat down, did the math, and set the price at 3 pounds, 17 shillings, and 10.5 pence per troy ounce. He did not form a committee… There was no press conference …
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Total News Sources1
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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