Professor Ian Plimer Brings a $45,000 Gold Nugget to the Table and Tells Jeremy Cordeaux How to Steal Gold | Court of Public Opinion

only solid gold granddad in the

world.

Oh, look, the gold price hasn't changed.

What you're showing there is the gold price in dollars.

Since the time of Jesus, gold has been worth a week of a carpenter's time.

And it still is.

It bumps up and down a little bit.

And what it's really saying is that the value of money has gone down and we are buying less for our money.

Now, Marco Polo knew about that in his book, The Travels of Marco Polo in 1300.

He was absolutely gobsmacked after he'd had his 28 years of travel and had been to Cathay, China.

And he was gobsmacked that people would give up their gold, their gemstones and their pearls to the state and in return they'd get a piece of mulberry bark that was stained in different sizes and colours for each denomination and signed by the Kublai Khan.

And he couldn't believe how stupid people were giving up real wealth for a piece of mulberry bark.

How different is it today?

Well, we don't even have a dollar that's backed by gold anymore, do

we? No, we've got about nearly 80 tonnes of gold sitting in London and we've got one bullion bar sitting in Sydney.

We had a situation where Treasurer Peter Costello sold our gold and sold a few hundred tonnes of it.

And what did he do with the money? Well, the money was to be invested in yen and Deutsche Mark bonds.

However, he sold it at $357.

So today that's US dollars.

Today it's $4,300 US dollars.

All right.

So whoever was giving the Treasurer advice from the bureaucrats in Canberra had no idea of gold, no idea of the history of gold.

The holding costs are not much.

Yes, you have to have security for gold, but it does appreciate enormously.

There are some countries that have no gold reserves.