As gold prices hit an all-time high, investors are scrambling for certainty in an uncertain world. But what’s causing all this instability? In this episode of Mark and Pete, we break down the history of the gold standard in Britain and America, exploring how it shaped economic policy and why both nations abandoned it.
With Donald Trump reintroducing tariffs to protect American industry, global markets are reacting with volatility. Tariffs disrupt international trade, fueling inflation and economic unpredictability. So, if gold represents stability, should the world return to the gold standard to restore certainty in global finance?
Join Mark for a humorous poetic take on the gold debate before Pete dissects the petrodollar system, explaining how it keeps the US dollar dominant and whether its decline signals an economic shift. With China, Russia, and other BRICS nations exploring alternatives to the dollar-dominated trade system, could a gold-backed currency be the future?
Tune in for sharp insights, lively debate, and a fresh look at how gold, tariffs, and economic uncertainty shape the world today.