From Maxinomics.

Most people think the Gold Standard ended in 1971, but for 3 billion people living under strict capital controls in countries like China and Russia, it remains the only viable escape hatch from government restrictions. We trace the history of money from the massive heists that exposed gold’s flaws to the geological limits that ultimately forced the U.S. dollar to take over. This video reveals how “laws of nature” and modern geopolitical fear are combining to drive the demand for the world’s most enduring asset.

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Chapters:
01:00 The Gold Standard
03:03 The Heist
04:57 How the Gold Standard Really Worked
08:25 The Most Important Gold Mine
09:29 Running Out of Gold
10:46 The Real Reason Gold Keeps Going Up

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Video Editor: Christie Muldoon
Motion Graphics: Seth Laupus
Director of Production Services: Sam Wolf
Thumbnail: Tom Grillo
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Chief Content Officer: Devin Emery

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