27 Feb '17, 11pm

Bitcoin bug calls out Peter Schiff's gold infatuation - CNBC

While not exactly Lincoln vs. Douglas, perma-gold bull Peter Schiff squared off against Bitcoin bull Brian Kelly in a lively, no-holds-barred debate about what is the better investment on Monday's "Fast Money " on CNBC. Bitcoin "is digital fool's gold — today's bitcoin could be tomorrow's Beanie Babies," said Schiff, who serves as CEO of Euro Pacific Capital. On the other hand, "gold had a long value of intrinsic value before it was money." Both gold and Bitcoin have surged as a result of political and economic uncertainty in the U.S. and abroad. Bitcoin hit an all-time high on Monday; gold is up 9 percent in 2017. Despite the rally, Schiff sees even more gains ahead for the yellow metal, noting to clients that the commodity is "climbing a wall of worry." However, "Fast Money" trader Brian Kelly believes the prospects in gold pale in comparison to the opportunities that Bi...

Full article: http://www.cnbc.com/2017/02/27/bitcoin-bug-calls-out-pete...

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