How gold became a memecoin

featuring Greg Jericho and Elinor Johnston-Leek
Members of the public line up outside the ABC Bullion store in Sydney, Thursday, October 23, 2025. Soaring gold prices have been hit with a reality check, facing their sharpest decline in 12 years and dragging ASX miners and the broader sector with them.
AAP Image/Bianca De Marchi

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People have been queuing for gold and it’s giving toilet paper in 2020.

On this episode of Dollars & Sense, Greg and Elinor discuss the critical minerals agreement struck between the Australian and American governments, Andrew Leigh’s new anti-price gouging legislation, and why Aussies have been lining up for gold.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via the Australia Institute website.

This discussion was recorded on Thursday 23 October 2025.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

Australia’s surprise unemployment spike suggests an economy not overheating but in need of stimulus by Greg Jericho, Guardian Australia (October 2025)

Coles, Woolies’ Secret Pricing Deal Undercuts Inflation Claims, the Australia Institute (September 2024)

ACCC Suing Supermarkets as Price Gouging Drives Inflation, Rate Hikes, the Australia Institute (September 2024)

Giving our consumer watchdog more teeth to tackle companies gouging shoppers, the Australia Institute (February 2025)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.

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