No Central Bank Should Hold Gold: Citigroups Buiter

The video discusses John Maynard Keynes' perspective on gold, describing it as a 'barbarous relic' and examining its role in central banks' reserves. It explores the potential consequences of a gold market flood and the political implications. The discussion shifts to gold as a commodity, highlighting its minimal intrinsic value and the speculative nature of its market. The video concludes by examining the practical uses of gold, such as in jewelry, and its role as a store of value.

What was John Maynard Keynes' perspective on the gold standard?

Why do central banks hold gold as part of their foreign exchange reserves?

What are the intrinsic uses of gold mentioned in the text?

How does the speaker describe the value of gold in terms of speculation?

What personal significance does the speaker attribute to their wedding band?