Can you name a safer financial instrument than US debt? Its definitely not fiat currency nor metals (incl. gold).
I dunno. I mean, US government debt is conceptually subject to both US monetary risks (the same as US dollars) and US government fiscal risks, so US government (dollar-denominated) debt must always be (even if only infinitesimally) less safe than at least one fiat currency, to wit, the US dollar.
Certainly in the last decade they are near indistinguishable.
https://bankunderground.co.uk/2015/08/28/the-special-relatio...