At the top of the pyramid sits the ultimate money, which is scarce, universally accepted, and has no counterparty risk because it’s no one’s liability: gold. Below, gold are national ...

But there will be some places to put your money that we discuss thoroughly. That asset is gold (and silver). It's the only asset that sits outside the risk pyramid below. Money will flow down the ...

The transition to today’s monetary system, where “U.S. treasuries would eventually replace gold altogether as the dollar pyramid’s only first-layer asset.” While “Layered” Money deserves to be read in ...

Peter Schiff — a prominent gold advocate and Bitcoin critic — argued that the precious metal is money, fueling backlash from the crypto community. “Gold is not just any commodity ...

Nevertheless, I will here claim that gold is not a “commodity money.” Let me explain what I mean. What are some “commodity monies,” besides gold? In human history, a lot of things have ...

A detectorist from Suffolk has spoken of his "shock" when he unearthed a gold pyramid dating back to the ... If sold, Mr Bailey has said he will split the money 50/50 with the field owner.