gold bug and crypto skeptic peter schiff taunting elon musk. oin is almost as b.s. as fiat, or government-issued currency. schiff tweeted gold is better than bitcoin and fiat currency. musk responded, quote: often -- an e-mail saying you have gold is not the same as saying you have gold. an hour later musk had this follow-up post. quote: that said, btc, bitcoin and here to yum do seem high, lol. in a fox business exclusive, euro pacific capital's peter schiff joins us. but you don't get a full ride, we're bringing in block chain manager peter venuto. you started disagreeing with musk's position on friday, and how surprised were you when he replied? >> well, i think this is the first time he's replied. i've mentioned him in several tweets, you know, over the months. but, yeah, you know, or he replied in the middle of the night, so i didn't know it until i woke up saturday morning because i got several e-mails and texts that said musk replied to your tweet. you know, people should read my replies because they're very end lightening to his replies.

we'd see some some great price discovery in gold this is the point i try to make to people like peter schiff is a big coin basher i'm shy try to sound that because it should be his friend because it could pop the bond bubble and open the open that way for an actual price discovery in gold as i said i'm not an expert on because so i. don't let them direct me because they moved if totally different me and i don't know i doubt. because i will pull gold gold but if it goes to those values bitcoin then i think central banks will be in long before that to start to say we don't like it going is getting too big for comfort for us. and there's a risk that they will bend bitcoin in my view because they're not because you know they did be they old don't get going and they probably will hold on to big going and they will if there's going to be a digital current you'll be the central bank to deduce who choruses and so but as i said i'm not an authority on big corn i stick to my gold i see the gold continues long time at top. and i see that happening now soon anyway even if it corrects short. it will the

the whole crash of the financial systems by our bags by some gold from us by some gold from me peter schiff. the underlying flaw is that the governments and central banks all own most of it so here they're identifying the kids see that governments can not control it they don't own it you know some governments own bits of it right but they do they can't control it as they point out also it's transparent transferrable and trusts where they transferrable try transferring a power gold right we can transact in confiscated all unsensible money when nobody can stop us because we're protected by this encrypted shield called the protocol that's impenetrable and nobody can stop us and no governments have to flap their gums a lot and suggested oh we're against it but none of them can stop it and i think the eventually one of these governments according to game theory is going to say you know what enough is enough we're going to start putting it on our balance sheet here in whatever country that might be and then every other country will do exactly the same thing and the price of course will go $560000

peter schiff says gold is a better wager then bitcoin. -- than bitcoin. adding that bitcoin is "less dumb than cash." like hong kong and singapore have resumed talks over the corridor. the south china morning post says they are discussing extra safety measures although it is too early to say when the bubble may begin. it is expected to start in november. it was postponed after a resurgence of covid cases in hong kong. iran had been threatening to shut down investigations at its nuclear sites. this comes after the biden administration has said it is willing to meet with iran. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries.. i'm vonnie quinn and this is bloomberg. haidi: still ahead, don't miss our conversation with paul krugman later this hour. his views on the stimulus debate and the post covid recovery. we also speak with alec shaheed he who joins us next. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile you can. how abou

maybe we will bring in peter schiff as well. thank you so much. income of stimulus payments. would-be rescue package has become a progressive swag bag of handouts. can republicans only stand by and watch? i will you talk to ken buck next. $15 minimum wage, no talk about the impact to small business owners. the dangers small business owners face. right now they're liesing faith and losing it fast. for them, s. alright, let's see what we can adjust. ♪♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. ♪♪ ♪♪ ♪♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) (sam) gamers! he who is good for making excuses is seldom good for anything else. take fuzzywuzzy28. blamin' losses on a laggy network. only one or two. verizon 5g ultra wideband is here, the fastest 5g in the world, with ultra.

in response to peter schiff, a skeptic. we are joined by our cross assets editor.re is never a dull moment in crypto land, joanna. where to next after another milestone? >> this is pretty amazing and elon musk keeps talking about bitcoin and other cryptocurrencies, and prices a bitcoin went over 58,000 over the weekend. it is pretty amazing, it has doubled in 2021 so far, and people are thinking, if people like jan musk are interested in it, that will get more money into the asset -- people like elon musk are interested, we'll get more money into the asset class and this prices higher. but they are up an incredible amount so far. kathleen: people are asking after elon musk made his purchase for tesla, it is a small part of our portfolio, and bitcoin is better than cash, so he downplays that. people have said, who is next? apple, what other fortune 500 companies are s&p 500 companies, may start doing this? >> yes, where there is talk about some tech companies, apple or alphabet, where it might fit in. some have said it might make sense for finance companies that nee