Gold advocate Peter Schiff emphasized the significance of gold as money amid its recent surge to over $3,500, a 31% increase for the year. He warned that this dramatic rise reflects troubling economic trends for the US dollar, which has declined by 9% in 2025. Schiff's remarks were made on April 22, coinciding with record-breaking gold futures. He stated that the time is indicative of the potential end of the US dollar’s dominance, suggesting profound changes are looming for the American economy. Despite the enthusiasm from some, commentators on social media challenged Schiff's definition of gold as money, highlighting its impracticality for everyday transactions compared to cryptocurrencies like Bitcoin. The discussion contrasts traditional gold with digital assets, further questioning gold's role in modern economic exchanges and payments. As the debate between gold and Bitcoin continues, Schiff remains a vocal proponent of the precious metal, while others advocate for the potential of digital currencies as a medium of exchange.

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