The Real Reason Why Gold Is Standing Still

Gold prices continue to meander in a tight range, despite a long list of reasons they should be trending higher. By all rights, it should be above $2,000 an ounce, not stuck around $1,800. But George Gilder has a theory about why precious metals haven’t moved much… and it ties directly into his idea of time-prices. It starts with a simple premise — that “money is a measuring stick, just like the second, the meter, the kilogram, the ampere, the lumen.” All of those official units of measurement are “ultimately rooted in the speed of light,” George says. He argues that money should be, too.