Schiff Launches Gold Token Payment System as CZ Argues Bitcoin is Already Digital Money

Peter Schiff, Chief Economist and Global Strategist, has announced plans for a tokenized-gold payment system designed to modernize the use of gold as money. The new system will allow customers to purchase allocated gold and withdraw it either in physical form or through token representation. Schiff explained this mechanism as a digital claim check where the token represents ownership of gold, enabling the exchange of ownership while the metal remains safeguarded.