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#740 The Ultimate Bitcoin vs. Gold Debate w/ Peter Schiff & Peter McCormack

The Pomp Podcast

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Why Is Gold a Store of Value?

Gold is used for all sorts of things, tanology and jewellry. It's a metal just like copper or nickel - hard to store because it's bulkier. So why gold is a store of value is because i can use my gold to day or i can hold it in a bar, and somebody else can use it to morrow. But bitcoin is a technical innovation that provides services outside of it just being a store ofvalue. I'm not arguingBitcoin doesn't have a price but obviously it has any underlying value at all. And so are you tricking us? No, you mean by all right. We've all got our own opinions on what we think should be

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