CMRE Monograph No. 49

Cost $7.00 plus S/H

The Golden Sextant, by Reginald H. Howe

Howe covers the fundamentals of gold loans, arbitrage, and a “modernized gold standard”. His thesis: “Contrary to the predictions of many if not most economists, the closure of the gold window in 1971 did not mark the beginning of gold’s demise as money.” Written in 1993, this is a remarkably prescient essay on the gold markets.