Recent surges in gold prices, reaching over $3,500, have reignited the discussion about its role as money. Notably, Peter Schiff, who advocates for gold and criticizes Bitcoin, argues that gold is more than just a commodity; it possesses actual monetary value. His comments came after gold briefly breached the $3,500 mark in April, prompting mixed reactions within the cryptocurrency community. Schiff’s remarks also highlight concerns about the U.S. economy, suggesting the growing value of gold could signal trouble for the U.S. dollar. He predicts significant shifts in American life due to this change in currency dominance. While gold prices have soared by 31.6% this year, the U.S. Dollar Index has dropped over 9%, as seen on TradingView data. Despite the potential of reaching $3,500, spot gold hasn’t quite reached that mark yet, with its peak at $3,498. }$, 2