Schiff on Land Development Podcast: Gold Is the Real Digital Asset

Peter joins the Land Development Podcast to walk through why gold still matters as money, how the Fed’s policy choices and the dollar’s decline will squeeze consumers, and why housing and credit are primed to reprice. He also lays out why tokenized, “digital” gold is finally getting attention from the crypto crowd and offers concrete portfolio moves for readers who want to hedge against policy-driven losses.

He starts by placing gold in a broader, historical context — not as a speculative play but as a unit of account relative to money supply and other assets — and notes where current price relationships suggest mispricing:

I think you can look at gold in relation to money supply. You could look at it in relation to other assets, other commodities, and try to look to some historic relationships and how gold fares now relative to how it has over time measured against those other assets and things like that. But I think that based on where gold is now around $5,000, if you look at the Dow, the Dow was worth about 10 ounces of gold. Yeah, the Dow was down about 75% priced in gold since its peak in 1999. But I think 10 ounces is still relatively expensive for the Dow.

Turning from metal to men, Peter is skeptical of the narrative that the new Fed pick will be a monetary hawk. He argues political incentives matter and that an assurance of easy policy is what likely won the job: