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#1156 Peter Schiff On The Fed, Interest Rates, Labor Market, Gold, & Bitcoin
The Pomp Podcast
Is Bitcoin a Store of Value?
50% of the gold production annually goes towards jewelry. The reason is because there's a jewelry industry that needs it. There are more uses for gold today than there were two, three hundred years ago. At a certain price point, you're going to use gold. If the price of gold really started to fall, people would start using gold instead of copper or other metals.
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