Gold Advocate Peter Schiff and Bitcoin Bull Anthony Pompliano Have a Big Debate – Here Are Their Views and Expectations

Two opposing figures in the financial world, Anthony Pompliano and Peter Schiff, came together to discuss recent economic developments.

During the program, where Schiff took a “victory lap” due to the rise in gold prices, the parties leveled harsh accusations against each other, particularly regarding the impact of tariffs on inflation.

One of the most heated points of the debate was tariffs. Peter Schiff, Chief Economist at Euro Pacific Asset Management, argued that tariffs are a direct consumer tax and will increase prices. Schiff claimed that the Trump administration was trying to “foist” this policy on Americans without them realizing they were being taxed.

Pompliano countered this view, citing the 2018 tariffs on steel and solar panels as an example. Pomp argued that these tariffs led to increased domestic production and, thanks to increased efficiency, prices actually fell or did not create an inflationary boom.

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Peter Schiff argued that his predictions were correct as the price of gold reached record highs. However, today the price of gold has fallen to around $4,700. Schiff claims that Bitcoin has lost value against gold and that the “digital gold” narrative has collapsed. According to Schiff, Bitcoin has lagged behind gold, despite heavy buying by figures like Michael Saylor.

Schiff also jokingly stated that he doesn’t own any cryptocurrency except for a small amount of Bitcoin that was given to him as a gift, which he keeps as a “strategic reserve.”

Pompliano argued that artificial intelligence (AI) is the key to economic growth and low inflation. Stating that AI is the greatest deflationary force in history, Pompliano asserted that increased productivity would offset government spending.

*This is not investment advice.

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