The Real Reason We Left the Gold Standard

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. Earn a 1% match when you transfer an account to Public.com. Visit https://www.public.com/max for more. 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 China Is Hoarding Gold Follow Maxinomics on social: X: https://x.com/maxinomics Instagram: https://www.instagram.com/maxinomicsmb TikTok: https://www.tiktok.com/@maxinomics Producer: Phil Andrews (the guy in the videos and the comments) Video Editor: Christie Muldoon Motion Graphics: Seth Laupus Director of Production Services: Sam Wolf Thumbnail: Tom Grillo Franchise Content Producer: Tariq Abdellatif Chief Content Officer: Devin Emery Paid endorsement. Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Not investment advice. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Past performance does not guarantee future results, and investment values may rise or fall. See terms of match program at https://public.com/disclosures/matchprogram. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.