Schiff on Kitco News: Tokenization Signals a New Era for Gold

Last Thursday, Peter joined Jeremy Szafron on Kitco News to lay out why he thinks gold is entering a new phase driven by central-bank demand and the tokenization of physical metal. He frames tokenized gold as a practical escape from fiat and traditional banking, and warns that unfunded entitlement programs plus sovereign debt risk make safe-haven assets more important than ever.

He opens by reminding listeners that the current gold rally is the continuation of a long bull market, and that the striking new element is the return of official buyers:

You go back to when I first started buying gold for my clients and recommending gold and buying it for myself, gold was under 300 and silver was under $5. So from that respect, it’s not the beginning of the bull market. It’s been going on for 25 years. But I think what’s early is central banks buying gold, which really just started a couple of years ago. And I think this trend is only going to grow.

Peter sees tokenized gold as the likely bridge between bullion and modern payments systems — a way to make real money usable without surrendering value to banks or fiat-based tokens: