@PeterSchiff Episode begins with bewilderment over a 3.5% drop in gold; and a simplistic model that any negative in the economy is good for gold. Gold bugs are betting against a positive future. Technology always wins and changes what we think we know. Tesla and Bitcoin, case in point.

@PeterSchiff Episode begins with bewilderment over a 3.5% drop in gold; and a simplistic model that any negative in the economy is good for gold.

Gold bugs are betting against a positive future. Technology always wins and changes what we think we know. Tesla and Bitcoin, case in point.

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Bitcoin (BTC) $ 28,316.59 2.00%
Ethereum (ETH) $ 1,802.53 3.30%
Litecoin (LTC) $ 81.47 3.96%
Bitcoin Cash (BCH) $ 132.81 2.71%