In the second episode in our series on bad ideas David talks to the political economist Helen Thompson about the gold standard, which was meant to anchor the world economy until it all fell apart a hundred years ago. Why does gold so often appear like a stable basis for money in an unstable world – and why not silver? What made the gold standard a source of ... Show More
Apr 2021
Killing the Gold Standard
April 18, 1933. It’s almost midnight in Washington, DC. Newly-elected President Franklin Delano Roosevelt has gathered his economic advisors for a late-night meeting. He called this meeting to announce his plan to effectively take the US off the gold standard, the system by which ... Show More
27m 5s
Mar 2023
MI263: Gold Through The Ages: Understanding it’s Role Under Different Monetary Regimes w/ Dana Samuelson
Rebecca and Dana Samuelson chat about rare gold coins, their differences from other gold/silver investments, gold's changing role in the monetary system, and its impact on pricing, and more. Dana Samuelson is the President of American Gold Exchange, Inc. with 42 years trading pre ... Show More
56m 38s
<p>Why you should allocate a small percentage of your assets to gold.</p><p>Topics covered include:</p><ul><li>What is money, and how does gold fit with that definition</li><li>Why central banks bought more gold last year than at any time since 1967</li><li>Which central banks ow ... Show More
