The real value of gold

On this episode of The Cost of Everything we take a closer look at the price of gold and at what is the real value behind this precious metal. For thousands of years people have stored value in gold and other precious metals. Has cryptocurrency and the modern economy changed this? Or are people fleeing to gold and precious metals even more in the 21st century? Host Christy Ai speaks with economist Michael Norman about the safety of gold as a saving and investment asset, and about the possibility of selling fake gold to consumers.