Bitcoin's Leading Critic Keeps Promoting Gold

Who are we talking about? Of course, it's the notorious Peter Schiff, who's been prophesying doom for the world's largest cryptocurrency for years on end. As for his own crypto holdings, they are already doomed: at some point, Shiff received a small amount of Bitcoin as a gift but forgot the password to his blockchain wallet, so those BTC are lost now.
In his recent interview for the Kitco News agency, Shiff talked about the situation in the gold market and the yellow metal's role in the events around various countries' currencies.

According to Shiff, the Federal Reserve's policy creates ideal conditions for inflation, which will impact different social classes in the US. As a result, the US dollar will depreciate.

Peter Shiff doesn't recommend buying USD-based assets. At the same time, he considers gold-mining stocks a good buy, though risky and not suitable for all investors. He also suggests buying the stock of corporations established in countries with stable national currencies.

The analyst predicts that the US dollar will lose its status as the world's premier currency. Instead, gold will become the leading reserve currency, acquiring a new function in the financial world.

Of course, gold is a physical asset – something that Bitcoin's chief critic likes. Plus, it can create real marginal value, for instance in manufacturing. And of course, any large purchase of gold requires KYC and AML compliance.

Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf

Follow us on social media:
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Steemit: https://steemit.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20/
Bitcointalk: https://bitcointalk.org/index.php?topic=5161544