The Real Reason We Left the Gold Standard

Two miners in Australia found 172 pounds of solid gold sitting two inches under the dirt. Their first move was to bury it again. Because in 1869, the hard part was never finding gold. The hard part was surviving long enough to spend it. That story kicks off a much bigger one about why a useless yellow rock became the closest thing humanity ever agreed on as a universal store of value, why we eventually had to abandon it, and why for billions of people it never stopped mattering in the first place. This video covers a lot of ground: The Welcome Stranger - the largest gold nugget ever found, and what happened to the men who found it The Brinks-Mat Robbery - 3 tons of gold gone in 27 minutes, and the decade of chaos that followed - 03:03 The Gold Standard - why anchoring an entire economy to a finite metal was always a ticking clock - 04:57 Witwatersrand - why we're now digging 2.5 miles straight down just to find a few flakes - 08:25 Russia, China, India - why gold is quietly staging a comeback as a tool of financial independence -- 10:46 Nixon officially killed the gold standard in 1971. But that's only true if you live somewhere with a stable currency and a government that plays by the rules. A lot of the world doesn't. For those people, gold never left. #Gold #Economics #History #Finance #GoldStandard #Investing #Geopolitics #BrinksMat #Documentary #Money #Discovery 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:   / maxinomicsmb   TikTok:   / 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/matchp.... Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.