gold | Economics

^{Nathan Lewis
December 13, 2025
Currency

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The BRICS’ New Unit Currency is a Good Step Forward

_{Nathan Lewis
December 13, 2025
Currency

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In 2019, I was involved in a crypto project that aimed to provide a usable basis of large-scale commerce in an environment where existing fiat currencies were failing badly. Of course, I was in support of a 100% gold system — which has always worked in the past. And, people agreed that this was a good idea “theoretically,” and “eventually.” But, the perception at the time was that there should be some kind of intermediate step. For example, if a country had a regular gold-based currency today, then the value of the currency would be fixed to gold. In other words, foreign exchange rates with the other major fiat currencies would be terribly volatile, and also, would introduce a lot Read More ›

A collection of gold and silver bullion bars stacked in a secure vault symbolizing wealth preservation and investment security.

^{Nathan Lewis
November 8, 2025
Currency

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The BRICS Need Gold Bank Accounts

_{Nathan Lewis
November 8, 2025
Currency

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The BRICS — a consortium of eleven countries, with 22 more in application stages, led by China, Russia, India and Brazil — declared in October the building of a new “gold settlement architecture as a strategic safeguard against global financial volatility.” This is a fine goal, which can take many specific forms. The quickest and easiest way (although not necessarily the “best” way) to get this done is to introduce “gold checking accounts”… Read More ›

^{Nathan Lewis
October 28, 2025
Currency

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The BRICS’s New Gold Settlement Architecture Is Being Built — But Won’t Be Needed

_{Nathan Lewis
October 28, 2025
Currency

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The "BRICS" is now a consortium of ten countries, with 22 more countries in application stages, led by Russia, China and India. Events since 2022 have lit a fire under the BRICS members to establish a new global financial and currency architecture that is wholly independent of the US dollar system, which has been the main focus since the Bretton Woods Agreement of 1944. Read More ›

Hundreds kilos of gold stolen during war in Europe found on unknown place

^{Nathan Lewis
January 28, 2025
Economic Policy

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Gold Is Still Your Only Monetary Alternative

_{Nathan Lewis
January 28, 2025
Economic Policy

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Today, we are seeing a lot of the institutions and bad ideas of the Post World War II Consensus breaking down and collapsing. Among these is the rather stupid notion that economies should be managed by some combination of currency and interest rate manipulation, and “fiscal stimulus” spending that amounts to utter waste, for the simple reason that it has no justification except as “stimulus.” These are the conclusions of “Keynesianism,” which has been taught in all universities since the 1940s. Read More ›

^{Nathan Lewis
June 5, 2024
Inflation, Politics

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Time to Take Sound Money to the Federal Level

_{Nathan Lewis
June 5, 2024
Inflation, Politics

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The idea of “Sound Money” — this means using gold and silver as money — has been persistently popular among the states for over a decade. Beginning with Utah in 2011, one state after another has removed barriers and impediments to using gold and silver, and digital or other alternatives based on gold and silver, in a monetary role. With over 40 states now having passed some kind of Sound Money legislation, it is now time to take on the federal government. Representative Alex Mooney (R), of West Virginia, recently introduced the Monetary Metals Tax Neutrality Act, HR 8279, into the US House. The bill aims to repeat, at the federal level, what has already been accomplished in many states. Read More ›

^{Nathan Lewis
April 11, 2024
Inflation, Principles

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Zimbabwe’s Central Bank Starts Africa’s Path to a Gold Standard

_{Nathan Lewis
April 11, 2024
Inflation, Principles

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This month, the Central Bank of Zimbabwe launched a new gold-based currency, the first gold-based currency from a government since Richard Nixon effectively ended the world gold standard system in 1971. As long as the Central Bank of Zimbabwe adheres to some important principles, and doesn't play politics, it should be fine. Read More ›