Morton (1962) noted that the Rothschild wealth was estimated at over $6 billion US in 1850. Not a significant amount in today's dollars; however, consider the potential future value compounded over 147 years!
Taking $6 billion (and assuming no erosion of the wealth base) and compounding that figure at various returns on investment (a conservative range of 4% to 8%) would suggest the following net worth of the Rothschild family enterprise:
$1.9 trillion US (@ 4%)
$7.8 trillion US (@ 5%)
$31.5 trillion US (@ 6%)
$125,189.1 trillion US (@ 7%)
$491,409.0 trillion US (@ 8%)
Are there any bad investment decisions that have been made by this family?
They also have the controlling interest in every significant facet of the precious metals market.
So as impossible as it is to imagine a single currency, if there was one, what impact would this have on gold?
(I mean would the Rothschilds want it be backed by gold? Or would this limit their financial influence and control?)