Word: jastram
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Dates: during 1980-1989
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...price of gold too low, it could result in a severe depression, because there would not be enough cash to keep the economy running smoothly. If the price was set too high, it could cause more inflation, because the gold would have created too much cash and credit. Roy Jastram, a professor of business administration at the University of California at Berkeley, has studied the world prices of gold and other commodities going back to 1560. He concluded that the historic price of gold, in relation to the prices of those other products, would now be about...