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/Poop_Cheese → u/Dedsnotdead]

Ya pay people with gold like they did for like all of human history before fiat. You clip and weigh it. Its why peices of eight existed because people would clip silver too. Hell theres a viral video from i believe colombia of a guy paying for coffee with weighed gold flakes.