peter schiff is not an idiot, infact you have to imply reverse psychology to see his true motives..
everyone knows he is a gold hoarder, and if he was really seing a large investment return on gold, he would hoard HIS gold and get people to buy gold on gold markets to get the price to increase.
now for the reverse psychology.
if he sells you HIS GOLD then its not because he loves gold and wants you to join his love for it. its because he wants to dump his hoard. also to note by accepting bitcoins, shows that HE WANTS bitcoins. why else swap gold for bitcoins unless he secretly prefers it.
true part. but he also said several times in the past "i dont understand bitcoin. there are unlimited bitcoins..." etc etc. he should do some research before he talks. otherwise he isnt such a "good financial expert". and by the way his "no intrinsic value" crap sucks.
take a look at Mike Maloney. alot smarter in his answers.
(and iam not anti-gold)