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The Day the Dollar Lost Its Gold: The Nixon Shock

by | Aug 16, 2025 | Gold

President Richard Nixon announcing the end of Dollar convertibility On August 15th, 1971, U.S. President Richard Nixon ended the dollar’s convertibility to gold, bringing an abrupt end to the last vestige of the international gold standard. Why? And what led up to...
Fed Report Reignites Talk of Gold Price Reset

Fed Report Reignites Talk of Gold Price Reset

by | Aug 15, 2025 | Gold

Remember the gold price reset talk from earlier this year? It’s back. In February, U.S. Treasury Secretary Scott Bessent said, “We’re going to monetize the asset side of the U.S. balance sheet,” which triggered a wave of speculation about what valuing gold at the...
From Barter to Fiat: Unanswered Questions for Chartalism

From Barter to Fiat: Unanswered Questions for Chartalism

by | Aug 15, 2025 | Gold

Opponents of sound money rely on harebrained explanations of the origin of money. Perhaps chief among them is the Chartalist school of thought, which struggles even to adequately explain what the “first day of money” would look like in its framework. The following...
Q2 Gold Demand Tops 1,200 Tonnes

Q2 Gold Demand Tops 1,200 Tonnes

by | Aug 13, 2025 | Gold

Gold’s momentum refused to cool in the second quarter of 2025, with total demand—over-the-counter trades included—hitting 1,249 tonnes, up 3 percent year-on-year. In dollar terms the jump was far more dramatic: US$132 billion changed hands, a 45 percent leap to an...