Prominent gold advocate and noted Bitcoin skeptic Peter Schiff reaffirmed his long‑standing view that gold remains a fundamentally sound store of value, sharply contrasting it with Bitcoin, which he describes as a “highly speculative digital token” devoid of intrinsic value.
Schiff wrote the statement below. The remarks reinforce his broader critique that Bitcoin gains are rooted in speculation rather than real economic.
Gold prices held firm on Monday, with spot gold trading around $3,342.60 per ounce, gaining roughly 0.2%, supported by ongoing geopolitical risks and a weaker dollar.
Silver also extended its recent gains, with spot prices hovering near $38.21–$38.28 per ounce, marking a modest increase and reflecting strong investor interest amid industrial demand and inflation concerns.
Analyst forecasts suggest gold will remain above the $3,000/oz level throughout 2025, with expectations of further upside into 2026. Silver, having climbed over 30% year to date, is approaching levels not seen since 2011.
The Value Debate: Gold vs. Bitcoin
Gold continues to be regarded as a timeless hedge against inflation and financial uncertainty, with real-world applications in industries such as electronics and jewellery, as well as being held by central banks as part of national reserves.
In contrast, Bitcoin remains a polarizing asset. Supporters argue for its decentralization and scarcity, while critics like Schiff contend it lacks intrinsic utility and is driven purely by speculative interest. Schiff has previously likened Bitcoin’s surge to asset bubbles driven by hype rather than substance.
Market participants continue to lean into precious metals, especially as inflationary concerns, interest rate policies, and geopolitical tensions persist. Analysts expect both gold and silver to retain support from institutional and retail investors, with potential upside if economic uncertainty deepens.
Historically, silver last traded near $40/oz in 2011 following the global financial crisis. Gold, meanwhile, is trading just below its all-time highs, driven by safe-haven demand and expectations of prolonged monetary easing.
As financial markets digest shifting macroeconomic signals, the comparison between traditional stores of value and digital alternatives remains in focus. Schiff’s latest comments reaffirm a deepening divide in investor perspectives, with gold continuing to assert its role as a stabilizing force in uncertain times.
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