This chapter examines the historical significance of the ducat and the impact of gold on trade and human behavior. It discusses the practice of gold clipping, the efforts of Sir Isaac Newton to stabilize currency, and the obsession with gold that has influenced explorations and conquests throughout history. Through a blend of humor and insight, the chapter also explores the evolution of the gold standard and the changing dynamics of currency in response to trust and economic shifts.
Is gold really worth its weight? Michael Regilio digs into the precious metal's glittering past and fool-baiting present on this Skeptical Sunday!
Welcome to Skeptical Sunday, a special edition of The Jordan Harbinger Show where Jordan and a guest break down a topic that you may have never thought about, open things up, and debunk common misconceptions. This time around, we’re joined by skeptic, comedian, and podcaster Michael Regilio!
On This Week's Skeptical Sunday:
- Gold has been valued throughout human history, playing a significant role in economics, trade, and even exploration. It has been used as currency and the basis for monetary systems like the gold standard.
- The gold standard, which linked the value of currency to gold, was widely adopted but eventually abandoned. The United States officially ended its use of the gold standard in 1971 under President Nixon.
- There are many scams and misleading practices in the gold market, particularly involving the sale of gold coins. These often target older, more conservative individuals by playing on fears of government overreach and economic instability.
- The Better Business Bureau (BBB) ratings may not always be reliable indicators of a company's trustworthiness, as some businesses can effectively buy high ratings through membership.
- While it's important to be cautious about gold-related investments, you can still make informed decisions about diversifying your portfolio. Educate yourself on the current gold market, focus on reputable dealers if considering gold purchases, and consult with trusted financial advisors to determine if and how gold might fit into your overall investment strategy.
- Connect with Jordan on Twitter, Instagram, and YouTube. If you have something you'd like us to tackle here on Skeptical Sunday, drop Jordan a line at jordan@jordanharbinger.com and let him know!
- Connect with Michael Regilio at Twitter, Instagram, and YouTube, and make sure to check out the Michael Regilio Plagues Well With Others podcast here or wherever you enjoy listening to fine podcasts!
Full show notes and resources can be found here: jordanharbinger.com/1038
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