Leighton Smith Podcast: Tony Coleman On Trading Gold Today

In 1971, the US dollar was backed by gold. That is, until President Richard Nixon disestablished that relationship. 

Since then, the US dollar has lost 87% of its value, meaning that one dollar buys only 12.5% of what it could back then. These figures were published on Sept 29, 2024. Today it is even worse. Tony Coleman, Managing Director of New Zealand Gold Merchants, discusses gold’s subsequent and sustained rise in value and why this has happened, with Leighton Smith. November 5th, 2025.

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