Gold’s Surge Sparks Debate on Its Role as Currency Amid Economic Uncertainty

Recent price surges in gold, reaching $3,500 and prompting comparisons with Bitcoin, have reignited the debate about its role as money. Crypto enthusiast Peter Schiff, known for his staunch advocacy of gold, argues that gold is not merely a commodity but actual currency. He cites this recent surge, particularly fueled by the U.S. dollar’s decline, suggesting potential shifts in global economic power dynamics. While many are watching the financial markets closely, experts such as Mike Alfred have also commented on the practicality of using gold for everyday transactions, highlighting the contrast with digital currencies like Bitcoin.