Boardroom Talk – ‘Barbarous relic’ is on a tear, proving we’re more Feudal than we’d like to admit

We are a complicated species. Parts of us would be comfortable in a science fiction future. Yet, much remains deeply entrenched in the principles of a Feudal Age—where physicality is applied even in the supposedly most genteel of surroundings. You know, like those gentlemen who wear red overalls to Parliament..___STEADY_PAYWALL___.Almost exactly 100 years ago, one of the most celebrated economists of all time, John Maynard Keynes, described the Gold Standard and, by extension bullion itself, as 'a barbarous relic'. Yet, his 1924 book on monetary reform is nowadays most often referenced for that erroneous statement rather than its cerebral recommendations..Read More: 🔒Nuclear Fusion breakthrough sparks optimism and investments for clean energy future.No matter what Keynes believes, gold continues to be treated as a store of value in uncertain times. Nowhere is this more evident than during periods of great stress. To whit – it is no coincidence that the latest near $250 surge to a record high began after the 7 October Hamas invasion of Israel..We have two excellent Premium pieces to explain why the gold price is running — click on the links below to read them:.🔒From the FT: Gold's weird rally – why bullion has soared to all time high.🔒World on the Brink: Hedge Fund Titans and Leaders Warn of Rising World War III Fears.Sterkte,.Alec

Boardroom Talk – ‘Barbarous relic’ is on a tear, proving we’re more Feudal than we’d like to admit

Related Stories

The Daily Edge: Gold at $4,100 and SA is sitting on a fortune it can't see

BN Power Lunch: Joburg's Budget crisis, the $3tn IPO wave, and what it means for SA markets

BizNews Power Lunch: Markets don't reward good results — they reward surprises

Why the US's current IPO mania could signal top of stock market