Gold was currency, and is still used as a hedge against fiat currency.
the suspicion [...] that there hasn’t been much material growth in the world over the last 40 or so years compared to before
I assume most of that growth occurred in China.
Has GDP essentially been goodharted by central banks in recent times?
What can central banks do to affect GDP growth?
Not just central banks but the U.S. going off the gold standard too then fiddling with bond yields to cover up ensuing inflation maybe?
Gold was currency, and is still used as a hedge against fiat currency.
I assume most of that growth occurred in China.
What can central banks do to affect GDP growth?
Not just central banks but the U.S. going off the gold standard too then fiddling with bond yields to cover up ensuing inflation maybe?