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Gold Standards

August 8th, 2016

Episode 586 of 643 episodes

Today we're drilling down into the curious financial asset that is gold - a commodity of little or no industrial value at all, but with an enduringly important position within our financial system. Kwasi Kwarteng, an MP and author, wonders whether it's time a major global economy, like China for instance, might once again peg their currency to the precious metal, just as Britain, the US and others did during the last century. We also hear about the appeal of the gold markets in Dubai with a report from there. And Lucy Kellaway reflects on the underrated art of looking authoritative in boring business meetings. (Picture: Visitors at the Dubai Gold Souk; Credit: Warren Little/Getty Images)