Every day it seems like another establishment media organization goes out of its way to give Bitcoin haters like one-note Peter Schiff an audience. The latest is Fox Business.

I can't tell anymore if they're doing this to discredit Bitcoin, gold, Schiff or all three consecutively and concurrently….

… and from a great height (apologies to Tom Stoppard).

Here's your latest howler from Schiff courtesy of a tweet from the irrepressible James Woods obviously looking for a good conversation:

What's funny about that statement is that it can be applied to gold just as easily as it can be for bitcoin. Let's try it and see what happens.

"There's no real use for gold," Schiff would never say. "All you can do with gold once you buy it is sell it, but you need somebody else to buy it from you. It's a massive pump-and-dump."

- SAID NOBODY CREDIBLE…. EVER.

The Golden Rule of Gresham's Law

Today no one settles anything of note in gold. The places that allowed it recently, like Vietnam, demonetized gold and drove it underground by the State Bank of Vietnam in 2012.