Another new book - Saudi Gold - Draft cover design
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84 posts in this topic

On 5/8/2022 at 9:49 PM, RWB said:

It has not been printed and released yet. I delayed publication, but am now making the final edits and proof reading. Should go to the printer by the end of the week. Trying to hold price down without cutting quality.

If folks are interested in this topic and appreciate your work, I can't believe a few $$$ is going to impact their buying decision.

Your Saints book wasn't cheap but I consider it among the best $$$ I ever spent on a book. (thumbsu

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Roger I’m sure you saw the recent article in coinweek on the Saudi Gold. Ironically I saw the first one in the wild for sale this week. Ugly critters but a neat story. 
 

https://coinweek.com/coins/unique-unusual/unusual-items-us-mint-gold-disks-made-for-oil-payments-to-saudi-arabia/?fbclid=IwAR3XpU7j0f8eYRDWDSuPzEMPO_VguDCAJ4UBum8bOQZcUwCN50xdh3xGkCc

 

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On 5/13/2022 at 10:25 PM, Woods020 said:

Roger I’m sure you saw the recent article in coinweek on the Saudi Gold. Ironically I saw the first one in the wild for sale this week. Ugly critters but a neat story. 
 

https://coinweek.com/coins/unique-unusual/unusual-items-us-mint-gold-disks-made-for-oil-payments-to-saudi-arabia/?fbclid=IwAR3XpU7j0f8eYRDWDSuPzEMPO_VguDCAJ4UBum8bOQZcUwCN50xdh3xGkCc

 

The glued together article and the two "source" articles are mostly nonsense. Here's a 1-sovereign equivalent disc that I own. Obverse is mostly PL around the inscription and reverse is PL in untextured areas. The "grade" is MS-64, but it's one of the best I've found. I'd love to find an equivalent condition 4-sovereign piece.

1835721756_Stacks73155SaudipoundJune2021-sm.thumb.jpg.6f04c98d5ceed82755cab6b12195eb5a.jpg

Yes, I "overpaid" for the disc because I wanted quality and not merely some paper label. The owner of the 1933 DE will fully understand.

 

Edited by RWB
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Posted (edited)

Saudi Gold and other Tales from the Mint, has been received from the printer. I am also sending copies to the ANA Library for loans to members, and my local county Library for nationwide Interlibrary Loan (ILL). Copies are on their way to hobby publications for review.

The cover and an excerpt (above) have already been posted. Go to the Coin Marketplace forum to read the press release.

Edited by RWB
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I wonder how Saudi Arabai, the folks at Bretton Wood, or anybody could really "trust" the U.S. government on a gold pledge after what they did in 1933 ?

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On 3/3/2023 at 6:23 PM, GoldFinger1969 said:

I wonder how Saudi Arabai, the folks at Bretton Wood, or anybody could really "trust" the U.S. government on a gold pledge after what they did in 1933 ?

The free market in gold was already above $27 when the surrender EO was published. You're somehow confusing trying to maintain a gol;d standard agains the entire rest of the world, with imminent failure of the American economy..... I do not understand the narrowness.

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On 3/3/2023 at 7:17 PM, RWB said:

The free market in gold was already above $27 when the surrender EO was published. You're somehow confusing trying to maintain a gol;d standard agains the entire rest of the world, with imminent failure of the American economy..... I do not understand the narrowness.

I just look at it as breaking one's word.  Doing lots of reading on the months before and after EO 6102 and it's fascinating.  I'll report back when I do more DD.

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In 1933 the only other "country" on a circulation gold exchange standard was South Africa -- which was a dependency of Britain.

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On 3/3/2023 at 10:02 PM, RWB said:

In 1933 the only other "country" on a circulation gold exchange standard was South Africa -- which was a dependency of Britain.

Yeah, the book mentions some of the smaller "holdouts" but once the U.S. and U.K. went off that was all she wrote.

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On 3/4/2023 at 1:34 AM, GoldFinger1969 said:

Yeah, the book mentions some of the smaller "holdouts" but once the U.S. and U.K. went off that was all she wrote.

Meaning --- there was no longer any international "standard" or valuation fix to monies. The purpose of an internal standard price of gold was gone, also. The conservative-pragmatic approach to such a situation is to get rid of something (especially an expense) that no longer operates or is not needed.

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On 3/4/2023 at 12:06 PM, RWB said:

Meaning --- there was no longer any international "standard" or valuation fix to monies. The purpose of an internal standard price of gold was gone, also. The conservative-pragmatic approach to such a situation is to get rid of something (especially an expense) that no longer operates or is not needed.

At the time, it was probably needed.  I don't think a gold standard works today and is impractical in dealing with exogenous shocks (2008, 2020).

Forcing sales of gold is entirely separate IMO and my main beef with FDR.

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If most countries were not using it, it was not needed in the US either.  It meant that if the US Govt held domestic price at $20.67, and the non-US price floated above that, then every ounce would be exported. If the Govt prohibited export, the market would shift to smuggling. It put the US in speculative conflict. Prohibition was a good example of the US trying and failing to buck everyone else.

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On 3/12/2023 at 8:44 PM, RWB said:

There's a nice review in Coin World for this week.

Haven’t seen the review, but the book should be here any day. Look forward to reading it. 
 

The chapters are an interesting progression and I’m particularly eager to see what you share in the last chapter. Interesting end.

Edited by Zebo
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On 3/25/2023 at 3:55 PM, roadbike said:

I'll want to read this book.

 

Might you consider, instead of a white color as the background on the book jacket, a beige or "light gold" background?

The book has already been printed. More detail is on the Coin Marketplace forum.

I specifically wanted a bright white on the cover to make the green text "pop out" a little. Beige-range colors tend to indicate bland or generic -- that's why home builders use beige carpet and paint.

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On 3/25/2023 at 4:12 PM, RWB said:

The book has already been printed. More detail is on the Coin Marketplace forum.

I specifically wanted a bright white on the cover to make the green text "pop out" a little. Beige-range colors tend to indicate bland or generic -- that's why home builders use beige carpet and paint.

I have the book and the green does pop! (thumbsu

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[@roadbike:  Pardon my impertinence, but as someone with a life-long intermittent familiarity with publishers who edit at will, excise entire chapters--and even have a say in the title you choose and how many pages your book must have, how would you feel if you walked into a bike shop and it were suggested (as Henry Ford famously said) you could have any color bike you want as long as it's black?]

Edited by Quintus Arrius
Insertion of closing bracket.
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