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The Julia La Roche Show · Saturday, August 29, 2026

Chris Whalen on the Historical Significance of Gold in Commerce

Chris Whalen discusses his upcoming book on gold, noting how central gold was to trade and compensation in ancient Rome. He contrasts this with the Middle Ages, where silver played a more prominent role due to limited gold availability.

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The tape

3 quotes
Can you tell us more about the book? What's something you've learned in the process of writing your new book on gold?
Julia La Roche
Oh, gosh. Well, I've had to immerse myself in antiquity. Because, you know, I know the modern story of gold and the US efforts to convince Americans not to think of gold as the key measure, which is FDR sees gold, uh, back in 1933.
Chris Whalen
If you were a Roman senator, you would get hundreds of thousands of gold pieces every year as your compensation, which made you enormously wealthy, enabled you to go out and buy land. And and pay your taxes, of course, taxes were paid in gold in Rome.
Chris Whalen
Heard on The Julia La Roche Show — “#406 Chris Whalen Answers Your Questions on Gold, the Fed, and Retirement Risk, published Saturday, August 29, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.05
Chris Whalen on the Historical Significance of Gold in Commerce — Heardvine