Gold is the world's least understood asset class. Confusion arises because gold is traded like a commodity, yet gold is not a commodity, it is money.

Central banks and finance ministries do not hold copper, aluminum, or steel supplies, yet they hold gold. The only explanation for central bank gold hoards is the obvious one - gold is money.

Higher prices are the symptom, not the cause, of currency collapse.

A gold standard can work fine, so long as governments set gold's price on an analytic rather than political basis.