In the sixties, the U.S. government ran a secret project to look for gold in the oddest places: seawater, meteorites, plants, even deer antlers.
On a blazing hot afternoon in July 1960, three armed US marshals raided a casino lobby in Sparks, Nevada, and proceeded to seize a golden statue of a rooster. Invited onlookers jeered and hissed as the agents confiscated the statue, whose attorney decried a “colossal miscarriage of justice.”
Author James Ledbetter says many of the nation’s worst economic catastrophes happened while on the gold standard. His new book traces the fascination with gold as a symbol of permanence and quality.
During the 2016 campaign, Donald Trump suggested the United States revisit the gold standard. So did his rivals Ted Cruz, Rand Paul and Ben Carson. Why are Americans so obsessed with the precious metal, both as a store of value and an investment? James Ledbetter swings by Times Square to discuss his new book, “One Nation Under Gold.”