Latest Gold Bug News

  • Schiff buys more Bitcoin: But there's a twist
    Schiff buys more Bitcoin: But there's a twist
    It all goes horribly wrong for Peter Schiff, as Twitter rejects his advice in favor of his college freshman son’s wisdom. The vast majority of Twitter users trust 18-year-old Spencer Schiff’s investment advice over that of his father, Peter Schiff — a renowned gold bug and Bitcoin critic. “Against my advice my son just bought even more Bitcoin,” said Schiff.
  • Peter Schiff: 'I was wrong about Bitcoin'
    Peter Schiff: 'I was wrong about Bitcoin'
    The gold bug still thinks Bitcoin’s drop to $10K indicates a bear market.
  • Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son
    Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son
    The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet.
  • Peter Schiff: Gold ‘Harder to Confiscate’ Than Bitcoin as Searches Spike
    Peter Schiff: Gold ‘Harder to Confiscate’ Than Bitcoin as Searches Spike
    Schiff makes some controversial assertions about gold’s prowess as mainstream interest in both gold and Bitcoin surges. Bitcoin (BTC) loses to gold when it comes to how easy it is to transport and confiscate, says Peter Schiff. In a tweet on July 29, the gold bug and infamous Bitcoin skeptic claimed that it was easier to move and preserve ownership of the precious metal. Gold is “absolutely transportable” “Gold is absolutely transportable and harder to confiscate than Bitcoin,” Schiff wrote. The comment caused an instant backlash, with BTC proponents immediately highlighting gold’s shortcomings.  In addition to being physically bulky and therefore harder to transport, gold has long been extremely difficult to store privately.
  • $12B Advisory Group CEO: BTC is Safe Haven Asset Amid Political Tension
    $12B Advisory Group CEO: BTC is Safe Haven Asset Amid Political Tension
    Bitcoin has the ability to replace gold as a safe haven for investors as the world turns digital, says Nigel Green. Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says Bitcoin’s recent bullish activity shows it has the power to replace proven safe haven assets like gold. In a statement on the deVere Group’s website posted July 27, Green said Bitcoin (BTC) is currently living up to its namesake as “digital gold” while it and other cryptocurrencies are more likely to be seen as safe haven assets.  “Up to now, gold has been known as the ultimate safe-haven asset, but Bitcoin — which shares its key characteristics of being a store of value and scarcity — could potentially knock gold from its long-held position in the future as the world becomes ever-more tech-driven.” The CEO cited increasing political tension between the United States and China as one reason investors might choose “decentralized, non-sovereign, secure digital currencies” as a way to protect them from turbulence in traditional markets. Green’s comments were made following BTC’s rise to $10,000 on July 26, while the token is priced at more than $11,000 at the time of writing.  Commodity follows suit Gold has also reached a new record intraday high of $1,975 per ounce as of today amid news the US government would be passing another $1 trillion stimulus bill in response to the economic impact of COVID-19.  Prominent gold bug Peter Schiff has predicted the price of the commodity will continue to “soar” beyond $2,000 as the Fed keeps printing dollars.
  • Gold Bug variations: Anthony Pompliano tries to sell Peter Schiff on Bitcoin
    Gold Bug variations: Anthony Pompliano tries to sell Peter Schiff on Bitcoin
    Two well-known experts tried to convince each other of which gold will win—the traditional or digital one—but ended up in a tie.
  • Fiat Will Be a Passing Fad In the History of Money - Deutsche Bank Strategist
    Fiat Will Be a Passing Fad In the History of Money - Deutsche Bank Strategist
    Fiat money will be a passing fad in the long-term history of money, while gold, as a hedge against government money, is outperformed by equities in the long run, according to Jim Reid, Research Strategist at German banking giant Deutsche Bank. In a note to clients on Wednesday, he admitted that even as he's 'a gold bug' due to the bleak future of fiat money "in my
  • Bitcoiners Are Not Looking for a Store of Value, Gold Bug Peter Schiff Says
    Bitcoiners Are Not Looking for a Store of Value, Gold Bug Peter Schiff Says
    Although Bitcoin holders often describe the asset as a store of value, gold advocate Peter Schiff said such participants do not actually seek wealth storage, hunting instead for profit.
  • Gold Bug Peter Schiff: 'Is the Twitter Hack a Harbinger for Bitcoin?'
    Gold Bug Peter Schiff: 'Is the Twitter Hack a Harbinger for Bitcoin?'
    Pavel Luptak — co-founder of Czech cryptocurrency community hub Parallel Polis — says Schiff’s suggestion has no foundations in reality. Gold bug and notorious cryptocurrency critic Peter Schiff wonders whether the recent hack of verified profiles on Twitter is “a harbinger of Bitcoin itself being hacked.” In a July 16 tweet, Schiff mentioned yesterday’s mass hack of verified Twitter profiles which were used to promote a Bitcoin scam, further suggesting that it could be a prelude to a hack of the cryptocurrency itself.  It looks like all verified Twitter accounts have been hacked by someone running a #Bitcoin scam.
  • Gold Bug Peter Schiff Learns Bitcoin Holders Won’t Sell at Any Price
    Gold Bug Peter Schiff Learns Bitcoin Holders Won’t Sell at Any Price
    Almost 60% of 13,000 people say they will “hodl” Bitcoin to the grave if the BTC price fails to trade above $10,000. Bitcoin (BTC) has succeeded in trolling infamous skeptic Peter Schiff as another attempt to discredit investors falls flat. In a fresh Twitter survey on July 14, Schiff asked how long BTC/USD should trade at four figures or less for investors to sell their coins. “I’m taking it to the grave” With 18 hours left to run at press time, more than 13,000 people had responded to Schiff, who is now well known for his lack of belief in Bitcoin. “This quiz is for Bitcoin HODLers,” he said, addressing his target audience.  “How much longer does the price of #Bitcoin have to stay below $10,000 before you will throw in the towel and sell?” Schiff offered four options: 1 year, 3 years, 10 years and until the investor dies.
  • Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
    Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
    The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin.