Part 4/11:
Contrasting Bitcoin's narrative is the ongoing debate about gold. Peter Schiff, a well-known gold proponent, recently advised investors to sell Bitcoin and buy gold, claiming gold's performance outstrips Bitcoin. However, historical data tell a different story.
Over the past 14 years, gold’s value relative to the money supply—measured as gold divided by M2—shows a decline of approximately 28% since 2011. This indicates that during the period of massive fiat currency printing (notably, the U.S. government currently printing around $1.6 trillion every two weeks), gold has failed to keep pace with inflation. The lesson: investing solely in gold may leave investors vulnerable to long-term depreciation unless there's a catastrophic event like nuclear war—an unlikely safeguard.