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?

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

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

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

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

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