Why is the far right fixated on gold? Politicians like Le Pen and Orbán are typically cast as advocates of a “closed society” pitted against globalisation and free movement. Gold doesn’t fit this mould; historically, it has been a symbol of connection, not isolation. The gold standard was the bedrock of the first age of globalisation that enabled exchange across continents and lasted from the 1870s to the outbreak of the First World War. To classical liberals, gold was the metal that bound the world economy together.
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