Recently, U.S. Treasury Secretary, Steven Mnuchin, visited Fort Knox, where we stash the nation’s gold supply. Yet the last time anybody went in to see the gold, other than, workers there, was in 1974. And the last time it was counted was in 1953. This begs the question: how important is gold to a health monetary system? And why gold?
America’s relationship to gold has been complicated and ever changing. We will dig up some of the history of gold and our on again, off again pegging of currency to a gold standard.
The looming question is whether we will return to the gold standard. Donald Trump said he was interested in considering it again. James Ledbetter, author of ‘One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination”, joins us to discuss.