July 24th: The Day China Reveals Gold’s Real Price
The Jay Martin Show
Jay gives a good explanation of what was going on back in the 1960s when Nixon canceled gold's fixed price. The part about the floor of the vault in England collapsing is pure fiction, or at least I wasn't able to confirm it.
He has a good section about inflation starting just at 11:08.
The part about China building big bank vaults in Hong Kong seems legit.
I suspect the main reason governments want to have a big stock pile of gold had got nothing to do with monty. It's so that when they feel like throwing their weight around, they have some weight to throw, and nothing throws weight better than gold.
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