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 ...