Gold is money, says Peter Schiff, as price hits $3,500 ATH

Gold advocate Peter Schiff said that gold’s abnormal 31% rally in 2025 holds negative implications for the US dollar.

As gold reached new highs above $3,500, Peter Schiff — a prominent gold advocate and Bitcoin critic — argued that the precious metal is money, fueling backlash from the crypto community.

“Gold is not just any commodity, it’s money,” Schiff wrote in an X post on April 22 after gold prices briefly broke above $3,500.

While praising gold, Schiff sounded the alarm about the state of the economy, emphasizing that gold’s abnormal rally in the past few weeks holds negative implications for the US dollar.

Read more