Gold investors have a pretty good idea on where Peter Schiff stands on the precious metal. In this video, the CEO and chief global strategist of Euro Pacific Capital provides his views on Bitcoin.

In his view, Peter gets why the crypto-currency Bitcoin, is gaining interest but at the end of the day he feels that it is just another form of "alchemy" - another (highly speculative) pyramid scheme. Not the same as physical gold and silver. Its not gold 2.0.

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