Peter Schiff

Ironically, you know,

One of the ways that you're going to actually bring gold into the modern economy is through the blockchain, through the internet.

Everybody wants to talk about, you know, stable coins, right?

Which are basically tokenized dollars, right?

Just taking the dollar and turning it into a token, right?

Yeah.

Well, there's no real stability in tokenizing dollars because you've got the same inherent problem.

If you own a dollar token, inflation is going to destroy its value.

You're going to lose value the same way.

You're not in control of the Congress and the Fed.

And you don't even really earn interest on it.

At least if I have dollars, I can put them in a money market and get some interest to offset some of what I'm losing to inflation.

But the ideal thing to tokenize is gold.

Because when you turn gold into a token, now you actually have digital gold.

So instead of having paper money that's backed by gold, I can have a digital token that's backed by gold.

But you know what?

But it's so easily auditable on a blockchain.

I mean, I'm doing that and you should look into this too.

I have on Shift Gold, I have a T-Gold, which is ultimately going to be tokenized gold.

I haven't launched the token yet.