Home Blockchain News Gold Bug Peter Schiff Celebrates Metal’s Pitiful Gains, Bashes Bitcoin

Gold Bug Peter Schiff Celebrates Metal’s Pitiful Gains, Bashes Bitcoin

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By CCN Markets: Longtime crypto critic and gold proponent Peter Schiff is excited. He’s not happy due to the stock market hitting new all-time highs or bitcoin prices surging but rather by a microscopic advance in the price of gold. This week, the price of gold topped $1,400 per ounce for the first time in more than five years. This, a mere 25% rally from recent lows, was enough for Schiff to declare victory: Over the last year exactly, it is up $130 per ounce or 10 percent. Schiff: Wrong on Gold for a Long Time Peter Schiff has reasons

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* First published on ccn.com

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