Over the centuries, gold has maintained its purchasing power and protected savers from currency depreciation and hyperinflation. And although we no longer use the precious metal as a means of payment, it still proves its worth. For example, the Gold price Since the abandonment of the peg between gold and money in 1971, it has risen by an average of 8.5% per year. That is more than the inflation rate over the past fifty years.
In this two-part documentary by Realvision Grant Williams takes you on a journey through the history of gold. Why did people start using the precious metal as a means of payment? And why did we stop doing that in the last century? In the first part, we go to Switzerland, where one of the largest private gold vaults in the world is hidden in the mountains. We also see fascinating images of Argor Heraeus, a smelter that melts gold from all over the world into new pure Gold bars. This will be discussed in the last ten minutes of the first part.
Gold: The Story of Man's 6000 Year Obsession - Part 1
In the second part of the documentary, many big names from the gold world are once again featured. They talk about the gold market, the difference between gold on paper and the physical precious metal and manipulation of the gold price. They also look ahead to the future. Will there be a monetary reset? And what role will gold play in this?
Gold: The Story of Man's 6000 Year Obsession - Part 2
The following experts are featured in this documentary: Rick Rule, Jim Rickards, Ronald-Peter Stoeferle, David Fergusson, Daniel J. Oliver, Egon von Greyerz, Simon Mikhailovich, Luke Gromen, Ned Naylor-Leyland, Brent Cook, Ross Beaty, Bernhard Schnellmann and Ross Norman.
This contribution was made from Geotrendlines