Debunking Economics - the podcast

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25. Is your money safe in the bank. Or is it time to buy gold?

February 20th, 2017

You’ve probably seen them – emails telling you now is the time to buy gold. When currencies collapse, gold is the safe-haven that speculators turn to. In this episode, Phil Dobbie explores the idea of stocking up with gold, with Professor Steve Keen. Is gold safer than keeping money in a bank? Is it premature to buy gold right now? What are the signs that an economic downturn and banking crisis is occurring? But buying gold isn’t the answer – reducing your level of debt is.