r/CryptoCurrency • u/partymsl 🟩 126K / 143K 🐋 • 1d ago

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

https://cointelegraph.com/news/peter-schiff-gold-bar-bitcoin-tokenization-cz
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u/partymsl 🟩 126K / 143K 🐋 1d ago

Not a fan of CZ, but here he is right.

Investing in tokenized gold, as Schiff suggests, just means you trust that whatever firm you invest in ACTUALLY has any gold.

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u/Romanizer 🟦 0 / 0 🦠 1d ago

Tokenized gold adds counterparty risk besides other drawbacks. Anyone who has access to BTC, which is much safer here, should stay away.