The Great Gold Obsession: What Made It So Precious? | Timeline
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- เผยแพร่เมื่อ 15 ก.ค. 2024
- Incorporating myth, history and contemporary investigation, Bernstein tells the story of how human beings have become intoxicated, obsessed, enriched, impoverished, humbled and proud for the sake of gold. From the past to the future, Bernstein′s portrayal of gold is intimately linked to the character of humankind.
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Would enjoy the content more if the sound level was better.
This is a discredit to your channel. There were some highly questionable and outrageous claims from the outset, but then 38mins in is just becomes a complete distortion of history to suggest Nixon came off the gold standard in 71 because of the Brits in the 20's. Err what utter nonsense. That treasonous lying Nixon had massively overspent on the vietnam war, printing far more dollars that he should to fund it, and France saw this and then wanted gold as did other nations, and THAT is why Nixon had to dispense with the gold standard, to deny these other countries from rightfully claiming their gold deposits. And whilst we're on the subject we could mention this was only supposed to be temporary and yet on this jubilee year 50 years later we stand on the edge of the precipitous economic and financial cliff we are destined to fall off, all thanks to Nixon's bent for war and greed to fund it. Timeline you should be ashamed showing this tripe in the 21st century
Audio is weak
gold will dominate in the future, the price of gold is also always rising,
gold is forever,
Very poor sound, have volume at the highest level to be able to hear anything 👎
The bad thing about bank runs is NOT that people want to withdraw their gold, the bad thing is that banks lie to them by telling them they can withdraw it at will, but then loan it out on long term.
Bank runs are the fault of dishonest banks, not "greedy" citizens.
Very Well said
The gold standard didn't cause the Great Depression. The Federal Reserve's contraction of the money supply caused the Depression even as gold was piling up in US vaults. It was done on purpose. Now, the Federal Reserve has been making the opposite mistake by printing too much currency.
FACTS.
The planned partial shutdown of the U.S. and world economy under the guise of CV-19 is our government's attempt to combat this.
What makes you think it’s now a mistake? They are the financial experts of the world and spend billions on analysis alone. They know exactly what they are doing.
@@jonwolf6822 YT is known for censoring as well as promoting for the oligarchs.
The Great Depression was started bu US Congress years prior passed into law the 1923 Smoot and Hartly Act, which kept raising tariffs upon all countries, and those countries retaliated by kept on raising their tariffs against the US, resulting in five(5) years time since 1923 most all trade came to a complete stop in 1928, causing a Great Depression all across the USA. You blame US Senators Smoot and Hartly, all of US Congress and the President back then signing that said Act into law, starting a five(5) year global trade war.
John Kenneth Galbraith said that Roosevelt viewed gold as a petty passion of the rich. Gold is a standard of wealth that transcends "the rich" (or even this culture). It is a unit of measure whether the coms want to believe it or not. The inch, foot, yard, etc. is treated with more respect than is gold.
Crazy how greed eventually outpaced gold because it was *too tangible*, how does one decide conceptual money is better than gold because of it's faster transactional ability - which relies on a shared delusion that nobody can agree on what the limitations need to be for such a system to be more stable than it is
Paper money is backed by the country that issues it. A country made up of people, so a currency is backed by people. A currency is as stable as its human backers are. If for example Americans actually could get another civil war going as many are keen to do the value of the USD would likely fall and could become as worthless as the the Confederate States dollar was. The only value would be in if one side was seen to maybe win and able to build back.
The concept of currency being backed back a government, a people, is nothing new. Even when gold coins were used like, Byzantine and Great Britain, people still had to trust the amount and purity of the metal in the coin. And when on the gold standard people had to trust government and banks that they actually could exchange paper for gold.
It's an interesting concept many people have that gold is a better holder of wealth. What would gold be worth if somehow all civilizations collapsed? What if humans went all the way back to subsistence farming or even hunter gatherer? Would you want to carry around 10, 20 pounds of gold? Without a safe place to keep it? Gold could likely become worthless. Gold is fine, but do you have any food? We's be back to a currency backed by people, like farmers. A farmer who can grow food would be wealthy. He could issue paper currency that could be used to exchange for food in the future...an I.O.U...exactly how this all got started.
Roosevelt believed gold was a metal for the rich and the banks, but still he passed a law FORCING Americans to give their gold to the banks! lol
You would have to be a moron to trust the government with your gold, no way they would give it back.
FDR, caused the death of millions of Americans, checkout The Fruits of graft, by Wayne Jett, (American), it will educate you properly.
@@drewpeacock6823
He saved countless millions and his acts continue to - you must place all that had transpired into the perspective -
Begin with at least Woodrow Wilson and Balfour Declaration - there's the Tell the Federal Reserve Bank *Corporation* Rothschild.
Begin with at least Woodrow Wilson and Balfour Declaration - there's the Tell the Federal Reserve Bank *Corporation* Rothschild.
@@nicholasrodriguez6006
True Rothschild likely produced it.
Very comprehensive series. I recommend this to anyone seeking a greater understanding of money and the world's economy. Since I started watching episode 1, I haven't watched anything else for the past 2 hours or so.
Metal would never again be put before debtors and would be taken away from savers.
How 'noble' indeed.
Going of the gold standard allowed fractional banking to cause outrageous inflation.
Inflation creates power. Its not an accident.
@@compositestechbb9087
Yup exactly. You know what else creates power? Pandemics and lockdowns.
Its going to be an interesting documentary of when the US Dollar collapses and dies off with all the other fiat
Good to see some sanity in the comments. Keynes may turn out to be the biggest murderer in history a decade from now.
In 3,2,1....
@@andrewjackson244 gold backed currency will usher in a new era of world economy.
Us only paper money don't have gold back-up
Go back our gold in Philippines
Idunno. I'm pretty sure somehow or another what you just said is racist or anti-intersectional. Be careful! The Woke Gestapo will lynch you! 😉
16:15 I would include the fact that the oil industry began in the US and was equally responsible for growing the powerful US economy along with the other base metals such as copper, etc.
Gold had nothing to do with the freaking depression ...What ludicrous B.S. !
Sure it did... It was one way for rich men and the establishment to get their hands on more of it for themselves, so they brought on the great depression.
I love goooooooooooollllllddd!!!
Me too!!!!!!!!!!
Me toooooooooooooooooooooolollllol loooooooo
I saw a gold giant mothership in Fiddletown ca.
Me too
The look of it, the tashte of it, the schmell of it!!
Thanks! Signed up for history hit but couldn’t find this on there due to the abundance of other gold related media. Love the content ❤
I am going to buy a gram of gold tomorrow.
The first question to ask is how did man learn to process gold at such an early age? Who was it that made gold something special to early man?
Because gold is the perfect money. Unconnected cultures discovered this on their own.
@@glennthomas9762 Early man was mining gold and processing it before it became a currency.
Great questions David.
@@DanielThomasArgueta Another oddity in history is the massive amount of gold the Maya and Inca amassed yet we do not see the thousands of abandoned gold mines like we see in Africa. My supposition on this is there was a time in those areas where gold was found in abundance on the ground dispersed by active volcanoes. Again the question arises, "how did they know how to process it? I appears that visitors had them gather the gold but after they left the civilizations were left with large amounts of gold so they just fashioned into useful or artistic relics. Also until I read different explanations, my guess on the fall of the Mayan Empire is when the visitors left the human leaders could not maintain a complicated civilization without their help. I find interesting the belief that the visitors in the Ucatan were lizard type visitors and enjoyed eating the Maya so led them to sacrifice their kind to the gods for food.
According to the oldest text on earth (cuneiform) we were created to mine gold for the gods. The gods that were sent here from their society had a revolt because they did not want to physically do the mining.
What makes gold so prescious? It's one of 5 metals nature cannot destroy. It has been around for over 6k years and will be here long after us
It's because our creators built us as machines to mine earth resources for them for especially gold
Because humans are so deluded that they value a useless shiny rock,more than their fellow humans.
How about a documentary on the history of silver.Used more as money through history than gold and infinite more uses.
I'd argue gold is the superior of the two.
@@compositestechbb9087 Platinum is worth more than silver and gold, because it's a rarer ore.
@@tweettweetjones1262 hey thanks, I had no idea.
@@tweettweetjones1262 It's not a question of rarity, is it? Your signature is more rarely found than Babe Ruth and yet it's not more valuable
@@steverobertson6393 I just googled it. It's for 2 reasons. The weight (much denser), and it's a rarer natural resource in the Earth.
This was very light to me to listen when i am trying me best to relax and at the same time gather information in effective way. Thanks a lot for this 🎉
The space part Kill me lol
Who pays the bill when their space rock fall to the earth on accident and wipes out a city??
41:23 I actually laughed out loud that’s to funny 🤣
Interesting documentary. Gold might be more intriguing than many think; the element, in its pure, metallic form, is nearly chemically inert. This chemical fact is very useful as you can electrochemically deposit gold onto the interior of a reaction chamber so that reactive material can be made into the stuff of everyday life.
What do you mean? Like making a gold lined reaction vessel?
@@compositestechbb9087 if it's what I'm thinking of, then you can plate things even like insects in a micron thick layer of it. I thinks it's mostly used for computer chips
@@Bga1412 well I understand that much, I just wasnt sure what o.p. was referring to. The james webb telescopes huge mirrors are covered in gold, it's so thin its total weight is something like an ounce. Pretty cool stuff indeed.
Reaction yes, heat no. Gold is not inert if the reaction produces a lot of heat. The gold may stay gold but as a puddle at the bottom of the chamber.
Gold is not the only material that can be inert in chemical reactions, especially those that are not too hot. Plastic, rubber, glass are commonly used. Cheaper and easier to use.
Awesome production. The world needs to hear this message.
What message?
Amazing vid, Glad to see!!!
There's no power like the power of gold
This video seems like one they would show in school.
Yeah especially that intro lol
The fact that it only comes from a stars final moments.
i love these series
I an happy I am watching this with all these heroes in this documentary, and all of this history, wow.
Amazing gold timeline documentry beautiful rivers
I never feel quite so secure as I do when I’m holding several ounces of Gold Bullion in my hands.
You could even name it "Precious".
I really enjoyed this. Thanks
The "cuddency" of "Ameddica" and "Yuddup" 😂🤣
I've never heard anyone completely eliminate the sound of the "R", so it just sounds... Interesting...
...and kinda funny 😁
I once found this leprechaun in a tree & forced him to give me his gold.
There are folk songs & news stories about this event & it was me who caught the leprechaun & he had much gold.
@15:43 - "We're going to have something better than beans tonight"
Mcgregor should have added this to his infamous 'red panties' rant!
...
"Baby, we done it. We're rich, baby. Break out the red panties. We're going to have something better than beans tonight!" XD XD
if modern day prospectors were actually still finding gold in their pans the size shown in this doc. we would all still be populating creeks and rivers till this day
Gold! Gold! GOLD! GOOOOOOLD! YEEEEES! GOOOOOOLD!
The Annunaki are returning soon and it is going to be so profound to the human species that it is going to shake this world to its absolute core beyond what the human mind can even comprehend.
London "fix" says it all really.
I love silver :3
"I like it I love it I want some more of it"🎶
Nice
"gold, gold, always believe in your soul, soul, you're indestructible always believe in gold"
Spandau ballet.
Other than the absurd number of ads it was a good documentary.
@Pike Man Does it actually work? I've downloaded supposedly good ad blockers from the play store and they don't work.
I'm on a smart phone if that makes a difference.
Also try AdNauseam.
@@avisplumb3160 Thank you for the advice.
@Pike Man Thank you for taking the time to respond to my question & for the advice.
Yeah I listen on my mobile at night. Goes a bit like this, man softly talks about gold, I MADE A WEBSITE IN WIX!!!! , man softly talks about gold.
I read somewhere that if you took all of the gold that is known to have been discovered in the entire history of the world, it would fit in three Olympic-sized swimming pools. I don't know if that is true or not but it seems like a pretty incredible claim. Gold is almost always found around rock crystal. I've found small amounts of gold in the rivers here in northern California. But if you look at that picture they showed of Fort Knox that's not a very big building. And they say that building houses 75% of the world's gold?
They lie. Fort Knox has not been audited. I think politicians went there for a visit in the 1970s, but who knows if the US owns the gold or if they sold it.
Nobody ever talks about either that europe did send a lot of gold to their colonies in Asia. Japan took some European gold as well as gold from Asian countries. The Philippines probably has way more gold than Fort Knox left by Japan.
I think John if youre interested in these type videos, keep searching and you will learn there are vast sums stored in a lot of countries.
Not anymore- we've sold much of it to China.
Don't assume there are only above-ground levels.
@@koltoncrane3099 Virtually every human on Earth who cares, knows the amount of gold the US government holds has been audited many, many times and believes the result. It's only a tiny number of simple minded people who believe conspiracy theories who would never trust any audit done by anyone but themselves. But then the problem becomes suppose you were let into Fort Knox to do your own private audit and you're standing in front of huge pile of gold... How would you know that was gold? How would you weigh it? You'd have to trust the maker of the scales...certified by...the government. Simple minded. So for you there is no way possible for anyone, including yourself, to ever do anything that you would believe. Odd way to go through life.
Gold is just a convenient means in commerce, to replace barter- so you don't have to carry cows or sacks of wheat to buy something.
Gold is rare and easily recognized.
Most important: gold is trusted as a thing of value, by many people.
I love this from the Bible: The great street of the city was of gold, as pure as transparent glass. Revelation 21:21 We will walk on gold!
@Taka Yama But before we get to heaven precious metals will be a stumbling block to some.....“’They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 NIV
money printers go brrrrrrrr!
Did you notice that in the 1970's nobody had rings in their nose ?
Nose piercing is a signal to lower your expectations by minimum of 85%.
'Roosevelt sidelined precious metal in favour of the dollar bill' (32m56s) errr.. arn't those silver certificates they're stacking..not dollar bills!?
Where is the rest of the series. I've seen 1 and 2 now this I believe there's 5 or 6
I wouldn't be to confident that the conditions of mining in south Africa have improved enough and the wages are probably not nearly high enough for that kind of work other than that good three episodes of documentary
There is a lot of inaccuracy in this "documentary". Worse than in part 1 and 2. I guess it is to be accepted, the closer we get to the current time, the closer they have to stick to the official propaganda line.
Yeah the propaganda lies about South Africa were repellent
MrMax; its getting so obvious that they are becoming a parody of themselves. This is what we get for letting impotent old Marxists take over the Education industry.
Time for a tare-down and total rebuild.
Ain't it cute how they insinuate that the Gold Rush was the only reason for American prosperity, but they if that was true what about Siberia and South Africa?
In India we buy physical gold it's kinda security our house hold gold is equal to 40% of our GDP that means if India go bankrupt like Iran ,Syria ,vanezuela or afganistan we will still be richer than most of the countries and make it up to top 10 economies .
All that glitters
I’m also misled by the title, I thought we were talking about all gold curiosity overtime not just America
When the us went off the gold standard it was down hill after that.
After gold comes silver. Copper has a value that will not change. It is portable and abundant enough to be a monetary standard.
Copper baby! Beautiful and to be held as money of the people. Silver would be great but its no longer common enough with it's use in electronics and I hope it's demand doesn't go crazy.
Gold, I love it. On my neck, or my wrist. On every finger, yes I would. Couldn't deny it, never should
I started stacking gold this year because of corona, and got me into the occupation of trading! Gold brings fortunes!!!
How's that going for ya?
How's that going for you?
"Gowurld" lol...
Its “Gowuld” , hes not chinese
*The Gold within is Wisdom*
Balance is key, Harmony is Balance in motion.
Moderation is the goal and Conscious Application of Thoughts to manage the Ego Mind. The Ego Mind is an Adolescent Emotional Development - reach higher -
Found it in a bottle of Woodford Reserve!
Nixion had no power to change the wording in the US Constitution on his own. It's wholly un-Constitutional ! It's written in the US Constitution that any changes in the wording, is to be passed upon an Amendment by 3/4 vote by US Congress. Article I, Section 10, Clause 1, mandatory requires for the dollars/coins all be based upon gold or silver. Period.
Your absolutely correct. I call this the JFK assassination...who are these people and why are they in the US(and states) government ?
Part of the answer lays in just why don't Catholic public claimed Joe Biden get-off-it by telling the US taxpayers the truth that it's all entirely about enforcing Ukraine 🇺🇦 to be the 28th member country of the Germany-led European Union (EU)🇪🇺 at the cost of the US taxpayers with getting nothing back in return, is what this War in Ukraine is actually all about, past, present and future.
Read it again. Section 10 is limits the States. It just limits the STATES to only pay debts payed by gold or silver. The Constitution allows Congress unfettered power to incure debt and PRINT currency and coins.
This is to address a problem the the States got into under the articles of Confederation, each State printing money, inflating it to pay off debts from the War for Independence. There is so much to understand (that isn't taught much) about what went wrong under the "Articles", before an understanding of why the Constitution is written the way it is.
Enjoy the quiet says the guy running a generator that powers a pump, shaker box and trommel with rocks washing through on steel surfaces. Sure, I bet you could hear a pin land around there.
Wow!
Wales is beautiful !!
Life is more rare than gold....
“GOLD! (Gold) always believe in your soul”….
When was this filmed
These got progressively less interesting and the ads got progressively worse. Kinda like the first seasons of the Walking Dead.
Who was the first person or group of people to realize that gold and other precious metals are valuable?
Anunnakis
Value is subjective. I'm sure they realized it had "value" to other people right around the time they were being robbed.
God
If I work in that factory do I get to take home free samples
The Navagators Needed it!
So we're gonna pretend like dude didn't want to tug asteroids back to earth?
I like silver never understood the fascination of gold
The USA gold rush was around 1850 or so - car production lines would not exist for another 70 years
a lot of blowing past the facts in this series
You got that right !
LITERALLY did not address where OUR "obsession" with gold came from...50 fn minutes of my life I won't get back..shame, because, timeline usually has great documentaries.
Hmmm... there seems to be huge gaps of history and information on the manipulations done missing here. I wonder why? 🤔 Maybe, as someone pointed out, that's why this narrator was chosen.
just remember that gold you can not eat as food and that gold you can carry only so much weight on the lam ~
Gold can buy all you need though.
I can't eat my cash as food either. I can spend it on what i need just like gold and silver.
Hey sus turned the golden calf to bread and they ate it?
Has condensed value. Can carry crazy amounts of gold on your lamb. Small amount is worth a lot.
Just remember gold is much harder to produce than food and gold can be traded for food when necessary.
No one takes me gold 🍀
30:19 " We need gold because we don't trust governments" quote by Herbert Hoover sounds like BITCOIN. Gold and Bitcoin went through similar histories.
Audio is weak
Too loud background music - & dialogue too soft- have to strain to hear what is being said
More establishment prop-a-gan-da . Acquire gold and silver , especially gold .
Overall this series was fun to watch and to learn some new information but there definitely was a touch of bias against gold in it. Not to mention a good dosage of disingenuity. For example, a couple of the main reasons why Nixon closed the gold window was due to foreign countries redeeming their dollars for gold. Charles de Gaul of France (& others) were suspicious the US wasn't being honest with it's "fixed" rate of $35 per ounce of gold. He and other countries called their bluff. Slowly but surely, dollars were coming back in exchange for gold per the Bretton Woods agreement. With all those dollars flooding back into the US, is one reason why Americans were experiencing higher inflation. Another convenience is Roosevelt made it illegal for US citizens to hold gold and it was illegal for 30 years until it was redacted in 1974!
In this documentary I noticed no mention of the Afrikan king Mansa Musa who lived in the 13th century and is regarded as the richest man to ever live and his fortune was based on gold. Not one mention of him. I wonder why lol 😆 🤔 😂.
ITS SO QUIET
Not the ads, that's for damn sure.
I’m sure the age of 15 that they reported was probably more like 10-11 if not younger
Gold from space, huh? Might be. There's a lot of iron in asteroids, too. And while gold might have interesting chemical properties, I suspect that iron will (and you note that I use the future tense) be the long-term driving force of humanity going into space and to other planets. Followed closely by the need for newer places to live. And that might sound a bit too star treky for some, but that's okay.
In 1821 Parliament of UK BROUGHT BACK the gold standard let's do it here in 2021 200 years later
Interesting how the guy narrating this says 'gold'
Prosperity after the CA gold rush. No central bank money printing was necessary
When was gold discovered and what's the Egyptians the first people to make gold?
Aa far back as you can go. Gold mines in africa are over 10,000 years old. No egyptians were not the first
Interesting to hear sci-fi cult figure Paul Darrow narrating this documentary series.
Perceived value.
Way to many adds during the program. There was one every 5 min it seemed
Needs more ads so I can just watch something else.
Tf right
If you can't watch it then leave pls. Thank you
@Modou Fatty Leave.
Where did all the profits go?
midas bizz-nich!
Sathia nas hoveh