Why Gold Still Matters

Tags Media and CultureMoney and BanksAustrian Economics OverviewGold StandardMoney Supply

12/10/2019Jeff DeistKeith Weiner

Central bankers dismiss gold as a relic, even as they buy up more of it. Politicians dismiss gold as money they don't control and can't expand. Holders dismiss gold as outdated tech. And investors dismiss gold as a static metal paying no yields.

So why does gold still matter? Why does it hold value over millennia? Why does it threaten inflationist governments? Why does it seem to be flowing West to East? Why does an ounce of it still trade for more than $1,000, if the critics are right? This is the comprehensive show on gold and its enduring role in today's economy, with Keith Weiner of Monetary Metals.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Authors:

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

Keith Weiner

Keith Weiner is the CEO and founder of Monetary Metals, and serves as the president of the Gold Standard Institute USA.