The Quiet Return of Gold as Financial Infrastructure
How Tokenization Is Turning Gold Into a Functional Asset Amid a Fragmenting Financial System “Gold is money. Everything else is credit.” J.P. Morgan said that in testimony before Congress in 1912. For most of the century that followed, the statement felt like a relic. Today it reads less like history and more like a description of how the system is quietly reconfiguring itself. Over the past three years, central banks have accumulated gold at the fastest pace in […]