In the 15th century, global coinage in issue was de-valued due to the repeated minting of existing coins with reduced contents of silver & gold. This all changed when in Bohemia (now the Czech Republic) in 1518, the City of Joachimstal started to mint a silver coin (the 'Taler') of which the weight was fixed permanently at 1 ounce.
The image below shows a Dutch Taler coin, the "Rijksdaalder", from 1651. The British also adopted the Taler and changed the spelling to "dollar", the forerunner of the U.S. dollar. In the following centuries the Taler became the new standard and was widely accepted as an international currency. In 1857, the Taler became the official currency in cities such as Rome, London, Paris, Brussels and Bombay.
The name Taler Asset Management emphasizes our goal to set a standard in the field of independent global wealth management.