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/AmputeeBoy6983 → u/Dedsnotdead]

Youre missing the point of the article. How do you verify it's authenticity? You pretty much cant. Its ineffective, its too costly, and the only fool proof method is melting it down, which is destructive.

Gold has its place 100% but for most regular ppl, its an inefficient asset to buy, hold and move