I thought the same thing.
But consider: Shiff's spent his whole career against fiat money. His livelihood is selling gold, a resource with thousands of years history of being used for wealth and money.
He is wrong about it being the first money, though. Gold is rarely money for the man on the street. Notes were written for bushels of wheat and traded; stuff like that. We didn't go "from barter to gold" like he suggests, and I think he should know that by now and stop saying it.
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