Gold as a weapon of war | Metals Mine

  • Gold as a weapon of war

    From omfif.org

    Gold has been inextricably linked with conflict since the earliest civilisations. By the 19th century, it had appeared in the global economic system as a weapon, and war was baked into the assumptions that underpinned the great financial revolution of the late 17th century. The Bank of England was established in 1694, with the parliamentary statute specifying as the only explicit purpose of the Bank ‘the carrying on the Warr against France.’ When Napoleon established the Banque de France a century later, his motivation was equally clear: the credibility of the bank depended on the setting of strict limits on ... (full story)

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