{"id":231568,"date":"2025-10-01T11:00:00","date_gmt":"2025-10-01T15:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=231568"},"modified":"2025-10-02T08:50:19","modified_gmt":"2025-10-02T12:50:19","slug":"the-case-for-7000-gold","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/","title":{"rendered":"The Case for Gold"},"content":{"rendered":"\n

It was a sleepy Sunday in the middle of summer. Most Americans were tuned in to Bonanza <\/em>when President Richard Nixon interrupted the broadcast to announce that he was suspending the U.S. dollar\u2019s convertibility into gold.<\/p>\n\n\n\n

At the time, the \u201cNixon Shock,\u201d as it came to be known, may have looked like a simple adjustment to the global monetary order.<\/p>\n\n\n\n

In reality, it was the day the U.S. traded fiscal discipline for a floating exchange rate.<\/p>\n\n\n\n

Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After 1971, \u201cprinted paper currency really had no value of its own. It was artificial, and anything that\u2019s artificial is temporary.\u201d<\/p>\n\n\n\n

That\u2019s from 1971: How All of America\u2019s Problems Can Be Traced to a Singular Day in History,<\/em><\/a>a new book on the subject that I strongly recommend readers pick up. Its authors, Paul Stone and Dave Erickson, argue that the unraveling of the dollar\u2019s link to gold is at the root of America\u2019s inflation and exploding debt, not to mention \u201cunfettered moral decay, racism, rampant drugs, the destruction of the family, war and famine,\u201d and more.<\/p>\n\n\n\n

The Law of Intended Consequences<\/strong><\/h3>\n\n\n\n

You\u2019d be forgiven for challenging some of Stone and Erickson\u2019s conclusions. There\u2019s one thing, though, that we should all be able to agree on: Once the dollar was unpegged from gold, governments began to spend with abandon. Politicians no longer had to make hard choices. Instead of cutting spending or raising taxes, they could simply run deficits and let the Federal Reserve finance the shortfall. (To get the full story, read my timeline of the events.<\/a>)<\/p>\n\n\n\n

\"U.S.<\/figure>\n\n\n\n

That may have been the point all along! Stone and Erickson write that Nixon and his advisors believe the gold standard was hamstringing U.S. power, and that by severing ties with gold, they could outspend the Soviet Union, dominate the world and, I quote, \u201ccontrol everybody.\u201d<\/p>\n\n\n\n

Fast forward 55 years, and U.S. government debt now stands at a jaw-dropping $37.5 trillion, equal to roughly 124% of GDP. Globally, debt has ballooned to $324 trillion,<\/a> more than 235% of world GDP, according to the Institute of International Finance (IIF). For comparison\u2019s sake, when Nixon closed the gold window, U.S. debt was around $400 billion, not even 40% of GDP.<\/p>\n\n\n\n

Meaning that in just over five decades, we\u2019ve gone from a system of fiscal restraint to a free-for-all.<\/p>\n\n\n\n

Real Money Is Finite<\/strong><\/h3>\n\n\n\n

For decades now, I\u2019ve argued that gold is the ultimate hedge against runaway debt and monetary mismanagement. Back in 2020, I went on CNBC Asia and called for $4,000 gold,<\/a> a target that\u2019s now within reach. The yellow metal is trading above $3,800 per ounce for the first time ever, and traders are pricing in multiple rate cuts from the Fed.<\/p>\n\n\n\n

Meanwhile, central banks continue to trip over themselves to add bullion to their reserves, purchasing a net 200 metric tons in the first seven months of the year. That represents a modest 4% increase over the amount purchased during the same period the previous year, according to World Gold Council (WGC) data. Bank governors understand that fiat can be printed at will, but real money\u2014gold\u2014is finite.<\/p>\n\n\n\n

I believe this is why gold is now the second-largest reserve asset in the world,<\/a> behind only the dollar. But unlike the dollar, gold has no counterparty risk.<\/p>\n\n\n\n

Don\u2019t Sleep on the Other Precious Metals<\/strong><\/h3>\n\n\n\n

It\u2019s not just gold. Silver, platinum and palladium have also been on a tear this year. Barron\u2019s recently noted that palladium, still trading at a steep discount to gold and platinum, could be in the\u00a0early stages of another run higher,<\/a>\u00a0with Bloomberg\u2019s Mike McGlone forecasting a move back toward its all-time high.<\/p>\n\n\n\n

\"Precious<\/figure>\n\n\n\n

The Era of Record Debt Levels<\/strong><\/h3>\n\n\n\n

Contrast that with today\u2019s overextended, tech-fueled stock market. Margin debt, or money investors borrow from their brokers to speculate, has soared to a record $1.06 trillion,<\/a> up nearly 33% from a year ago. As you can see in the chart below, spikes in margin debt have often preceded major market corrections. I\u2019m not suggesting we\u2019ll see a similar crash this cycle, but it\u2019s worth keeping in mind.<\/p>\n\n\n\n

\"Margin<\/figure>\n\n\n\n

Governments are overleveraged, households are sitting on a record $18.39 trillion in debt<\/a> and investors are trading on an inadvisable amount of margin to keep the party going. As I see it, you want to be holding gold.<\/p>\n\n\n\n

\"Countries<\/figure>\n\n\n\n

My New Projection: <\/strong><\/h3>\n\n\n\n

So where does the yellow metal go from here?<\/p>\n\n\n\n

My reasons are simple. The debt pile is unfathomably massive, and it\u2019s accelerating. Fiscal imbalances are widening, and monetary policy is being constrained. The Fed can\u2019t raise rates aggressively without bankrupting the government, but it also can\u2019t make deep cuts without tanking the dollar.<\/p>\n\n\n\n

Both options support higher gold prices, in my opinion.<\/p>\n\n\n\n

Meanwhile, central banks continue to buy record amounts of physical bullion. Net inflows of North American gold-backed ETFs are having their second strongest year on record, according to the WGC. And retail demand in countries like India and China remains robust, driven by the Love Trade, which accounts for an estimated 60% of all gold purchases.<\/p>\n\n\n\n

The 10% Golden Rule<\/strong><\/h3>\n\n\n\n

As investors, we don\u2019t have the luxury that Washington does. We can\u2019t run endless deficits or print our own cash. (Life would be so much easier if we could!) On the contrary, we have to live within our means and balance our checkbooks.<\/p>\n\n\n\n

That\u2019s why I\u2019ve always viewed gold as real gold. Over the centuries, it has helped preserve wealth across every empire through history. Like Ray Dalio, I recommend a 10% weighting in gold, with half in physical bullion (coins, bars, jewelry, gold-based ETFs) and the other half in high-quality gold mining equities. Remember to rebalance on a regular basis.<\/p>\n\n\n\n

<\/p>\n\n\n\n

To receive information on gold investment opportunities, send an email to <\/em><\/strong>info@usfunds.com<\/em><\/strong><\/a> with the subject line GOLD STOCKS.<\/em><\/strong><\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted September 29, 2025 – The Case for Gold<\/a>
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the links above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by these websites and is not responsible for their content.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After 1971, \u201cprinted paper currency really had no value of its own. It was artificial, and anything that\u2019s artificial is temporary.\u201d<\/p>\n","protected":false},"author":36,"featured_media":224120,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[21,18,6,8,9,26,3],"tags":[],"contributors-categories":[13633],"class_list":{"0":"post-231568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"contributors-categories-us-global-investors"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nThe Case for Gold | Traders' Insight<\/title>\n<meta name=\"description\" content=\"Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/231568\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Case for Gold | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After 1971, \u201cprinted paper currency really had no value of its own. It was artificial, and anything that\u2019s artificial is temporary.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-01T15:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-02T12:50:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Frank Holmes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Holmes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Frank Holmes\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/76a97f31492e588de01f76c9f6b1df38\"\n\t },\n\t \"headline\": \"The Case for Gold\",\n\t \"datePublished\": \"2025-10-01T15:00:00+00:00\",\n\t \"dateModified\": \"2025-10-02T12:50:19+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/\"\n\t },\n\t \"wordCount\": 1078,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/05\\\/gold-dollar-featured-img.jpg\",\n\t \"articleSection\": [\n\t \"Commodities\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/\",\n\t \"name\": \"The Case for Gold | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/05\\\/gold-dollar-featured-img.jpg\",\n\t \"datePublished\": \"2025-10-01T15:00:00+00:00\",\n\t \"dateModified\": \"2025-10-02T12:50:19+00:00\",\n\t \"description\": \"Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After 1971, \u201cprinted paper currency really had no value of its own. It was artificial, and anything that\u2019s artificial is temporary.\u201d\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/commodities\\\/the-case-for-7000-gold\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/05\\\/gold-dollar-featured-img.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/05\\\/gold-dollar-featured-img.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/76a97f31492e588de01f76c9f6b1df38\",\n\t \"name\": \"Frank Holmes\",\n\t \"description\": \"Frank Holmes is CEO and CIO of U.S. Global Investors. He also serves as Executive Chairman to HIVE Blockchain Technologies.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/frank-holmes\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Case for Gold | Traders' Insight","description":"Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/231568\/","og_locale":"en_US","og_type":"article","og_title":"The Case for Gold | IBKR Campus US","og_description":"Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After 1971, \u201cprinted paper currency really had no value of its own. It was artificial, and anything that\u2019s artificial is temporary.\u201d","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/","og_site_name":"IBKR Campus US","article_published_time":"2025-10-01T15:00:00+00:00","article_modified_time":"2025-10-02T12:50:19+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg","type":"image\/jpeg"}],"author":"Frank Holmes","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Frank Holmes","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/"},"author":{"name":"Frank Holmes","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/76a97f31492e588de01f76c9f6b1df38"},"headline":"The Case for Gold","datePublished":"2025-10-01T15:00:00+00:00","dateModified":"2025-10-02T12:50:19+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/"},"wordCount":1078,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg","articleSection":["Commodities","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/","name":"The Case for Gold | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg","datePublished":"2025-10-01T15:00:00+00:00","dateModified":"2025-10-02T12:50:19+00:00","description":"Before 1971, every dollar in circulation was tied to something real and tangible. Thirty-five dollars could be exchanged for one ounce of gold. After 1971, \u201cprinted paper currency really had no value of its own. It was artificial, and anything that\u2019s artificial is temporary.\u201d","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/commodities\/the-case-for-7000-gold\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg","width":1000,"height":563},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/76a97f31492e588de01f76c9f6b1df38","name":"Frank Holmes","description":"Frank Holmes is CEO and CIO of U.S. Global Investors. He also serves as Executive Chairman to HIVE Blockchain Technologies.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/frank-holmes\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/gold-dollar-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/231568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=231568"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/231568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/224120"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=231568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=231568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=231568"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=231568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}