Date: 2025-04-22
As gold reached new highs above $3,500, Peter Schiff — a prominent gold advocate and Bitcoin critic — argued that the precious metal is money, fueling backlash from the crypto community.“Gold is not just any commodity, it’s money,” Schiff wrote in an X post on April 22 after gold prices briefly broke above $3,500.While praising gold, Schiff sounded the alarm about the state of the economy, emphasizing that gold’s abnormal rally in the past few weeks holds negative implications for the US dollar.Source: Peter Schiff“This is the end of the US dollar’s dominance. Life in America is about to change in ways few can imagine,” he stated.Gold is up 31% YTD, USD is down 9%Schiff’s comments came amid gold futures surging to a record-breaking $3,500 o...
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