Last night on February 11th (Bahman 23rd), the price of gold reached a new record of $2,942.70 per ounce, considered a new historical record for this asset. This increase followed concerns over new tariffs announced by President Trump and the possibility of a global trade war. Market analyst Kyle Rodda believes fear of a trade war has increased the demand for gold. Meanwhile, Bitcoin dropped by 2% to $95,000, questioning its claim as a safe haven against inflation and economic risks. Critic Peter Schiff, referring to the decreasing ratio of Bitcoin market value to gold, challenges the claim of superior digital gold currency. Schiff also accused American media and Wall Street of ignoring the ‘extraordinary’ performance of gold and stated that gold critics quickly realize that gold is one of the few metals that does not rust.
