The Price of Gold

April 3, 2023

(Originally posted on Mises.org on April 1, 2023)

Mark is not fooling around today. He looks back at the history of gold and its price, which some believe is too erratic and too unstable (like Bitcoin) to serve as a basis of a monetary system. Mark shows that it is not gold that destabilizes events in the real world, but rather real world events related to political decision-making that has made the price of gold unstable. The price of gold is a "minor" indicator of what governments are really up to.

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The volume of all the gold ever mined can occupy a cube 63 feet on each side.
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