Aaron Brown: Gold keeps winning the battle with economists

By Aaron Brown Bloomberg News Wednesday, April 8, 2026 Gold is trading near $5,000 an ounce. And yet, in the middle of the U.S. and Israeli war on Iran and as foreign central banks sell Treasuries to defend their currencies and bond yields rise instead of fall, the precious metal has barely budged even as the world's monetary authorities -- the very institutions built to make gold obsolete -- buy it at the fastest pace in a generation. ... Dispatch continues below ... ... ADVERTISEMENT ... USA Gold: Coins and Bullion Since 1973 USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: http://www.USAGold.com USAGold: Great prices, quick delivery -- all the time. This is not supposed to be happening. The economics profession declared gold a "barbarous relic" a century ago and has spent most of the time since trying to make that verdict stick. It keeps losing. The opening shot was fired by John Maynard Keynes in 1924. The gold standard, he wrote, was a primitive monetary technology that enlightened modern economies had outgrown. The future belonged to managed currencies, run by expert institutions. His view largely prevailed at Bretton Woods in 1944, where gold was kept as a nominal anchor -- convertible to dollars at $35 an ounce -- but effectively demoted to figurehead status. ... ... For the remainder of the commentary: https://www.bloomberg.com/opinion/articles/2026-04-08/gold-proves-its-enduring-power-over-modern-monetary-institutions * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of US$500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png