Gold's not a 'barbarous relic', central banking is

In 1931, JM Keynes referred to the gold standard as a 'barbarous relic'. Yet gold's purchasing power remains relatively unchanged. It is central banking which deserves public wrath.

How many times have you heard gold described as the 'barbarous relic'? It is a favourite phrase of gold- bashers everywhere who are trying to make gold the object of derision.

Why the gold standard is a brilliant invention

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.