Peter Schiff

Well, no, you have to trust everybody.

You have to trust that people still want your Bitcoin, despite the fact that it has no value.

We also have to trust the electrical grid.

Well, that too.

Because it doesn't exist without it.

Right, that too.

But the bigger thing is you're just trusting that the people who believe in Bitcoin, who believe that nothing is something, continue to believe that and continue to want to buy it.

Well, but when you own gold, you're not trusting anything because the gold itself has value.

Right.

I mean, the only risk there is somebody could steal it from you if they find it, right?

You could lose it, right?

You know, if you have gold.

But the thing about tokenized gold, and I recommend that people have both.

They have physical gold and they have some tokenized gold because the tokenized gold is the gold that you can use in commerce.

that you could easily spend.

It's much more difficult if I have bars of gold or even gold coins, even a one ounce gold coin is $4,000, a 10th of an ounce coin is $400, right?

I mean, so if you wanna buy something for five bucks,

you know, you can't really do it.

But if you have the tokenized gold, then you can easily transact.

You can, you know, buy a cup of coffee and the barista can accept payment in gold.