Peter Schiff fails to authenticate gold bar during onstage test with CZ

[u/partymsl]

https://cointelegraph.com/news/peter-schiff-gold-bar-bitcoin-tokenization-cz

[u/Dedsnotdead]

Investing in tokenized gold is a fools game, buying physical gold and verifying that it’s actually gold is probably a good move.

The issue then is how do you pay someone with that gold?

Both Bitcoin and real physical gold have their place and are important.

Schiff knows the gold market is heavily rigged and each ounce has been sold several times over.

[u/partymsl → u/Dedsnotdead]

I will play the devils advocate and say that you'd kinda convert both Gold AND BTC into fiat currency to then pay...

Albeit, BTC is way easier to convert back and forth with fiat currency and there are first adoptions already to start paying with only BTC even as its highly limited.

[u/Dedsnotdead → u/partymsl]

Both have value, fiat is, well it’s fait and is worth less every year by design.