Peter Schiff calls for end to US dollar dominance: 'Gold has the properties of a currency'

Peter Schiff, a well-known economist and cryptocurrency critic, posted on X on the 22nd that he believes gold is not just a commodity, but also a currency.

He mentioned the recent rise in the price of gold, and argued that such price movements would not occur under normal circumstances. He argued that the recent rise in the price of gold marks the end of the dominance of the US dollar, and that life in the United States is about to change in a way that many people could not have imagined.

The price of gold has turned downward at the time of writing this article, but it continued to reach new highs, with futures prices exceeding the milestone of $3,500 on the 22nd...