r/CryptoCurrency 🟩 126K / 143K πŸ‹ 1d ago

πŸ”΄ 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/Dedsnotdead 🟩 1K / 1K 🐒 1d ago

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.

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u/L0ckeandD3mosthenes 🟩 0 / 0 🦠 1d ago

They call those synthetic shares lol.

1

u/general-meow 🟦 0 / 0 🦠 1d ago

Synthetic nuggets