"I think the world is going to return to real money, which is gold, and we might have paper currencies backed by gold, we may have digital currencies backed by gold, but what will give it value is the gold backing. The bitcoin community has that right, we need an alternative to irredeemable fiat currency that the Fed could create at will in unlimited quantities, but unfortunately bitcoin isn’t it.” - in Yahoo Finance
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse. Visit the new website Schiff On The Markets for exclusive content.