{"id":76855,"date":"2023-04-07T14:41:23","date_gmt":"2023-04-07T11:41:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76855"},"modified":"2025-09-10T19:49:50","modified_gmt":"2025-09-10T16:49:50","slug":"peter-schiff-lauds-chatgpt-for-choosing-gold-over-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/peter-schiff-lauds-chatgpt-for-choosing-gold-over-bitcoin\/","title":{"rendered":"Peter Schiff lauds ChatGPT for choosing gold over Bitcoin"},"content":{"rendered":"<p>The AI chatbot ChatGPT appears to have taken a side in the long-running debate over which investment is more reliable \u2014 gold or Bitcoin. The claim comes from the prominent Bitcoin critic Peter Schiff.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/ChatGPT?src=hash&#038;ref_src=twsrc%5Etfw\\\">#ChatGPT<\/a> AI is pretty intelligent after all. It didn\u2019t recommend any allocation to <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a>.<a href=\\\"https:\/\/t.co\/mnhRN2TmFm\\\">https:\/\/t.co\/mnhRN2TmFm<\/a><\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\\\"https:\/\/twitter.com\/PeterSchiff\/status\/1643820237605748737?ref_src=twsrc%5Etfw\\\">April 6, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Ultimately, artificial intelligence is quite smart. It did not recommend any allocation to Bitcoin,\\&#8221; Schiff wrote.<\/p>\n<\/blockquote>\n<p>The investor cited a <a href=\\\"https:\/\/goldiraguide.org\/want-to-recession-proof-your-investments-heres-what-chatgpt-says-you-should-do\/\\\" target=\\\"_blank\\\" rel=\\\"noopener nofollow\\\" title=\\\"\\\">report<\/a> on ChatGPT&#8217;s ideas for forming a recession-resistant portfolio. According to the Gold IRA Guide document, the chatbot recommended allocating 20% to gold and other precious metals.<\/p>\n<p>The remainder of his hypothetical portfolio consisted of bonds (40%), \\&#8221;defensive\\&#8221; stocks (30%), and cash (10%). The chatbot did not mention cryptocurrencies.<\/p>\n<p>However, the ChatGPT response is not necessarily aimed at opposing Bitcoin or promoting gold. ForkLog AI&#8217;s editorial team asked the chatbot for its view on both assets. According to the reply, the choice between them may depend on investment goals, risk tolerance, and personal preferences.<\/p>\n<p>It should also be noted that ChatGPT&#8217;s knowledge is current through September 2021. It is likely the tool does not reflect the significant moves observed in the price of the leading cryptocurrency since then.<\/p>\n<p>Analysts say that investors in both gold and Bitcoin have outperformed in 2023. Since the start of the year both assets have risen by 10% and 68% respectively.<\/p>\n<p>Recently gold <a href=\\\"https:\/\/www.cnbc.com\/quotes\/XAU=\\\" target=\\\"_blank\\\" rel=\\\"noopener nofollow\\\" title=\\\"\\\">broke through<\/a> a long-standing level of $2,000 per ounce. Schiff says this could serve as a \\&#8221;launchpad for a moonshot.\\&#8221;<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It looks like $2,000 may be the new support level for <a href=\\\"https:\/\/twitter.com\/hashtag\/gold?src=hash&#038;ref_src=twsrc%5Etfw\\\">#gold<\/a>. If so, we are either near the bottom of a new higher trading range, or on the launch pad for a moonshot. Either way the time to buy gold is now, and <a href=\\\"https:\/\/twitter.com\/SchiffGold?ref_src=twsrc%5Etfw\\\">@SchiffGold<\/a> is the best place to buy it. <a href=\\\"https:\/\/t.co\/GGNU9tTHuo\\\">https:\/\/t.co\/GGNU9tTHuo<\/a><\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\\\"https:\/\/twitter.com\/PeterSchiff\/status\/1643986586948993032?ref_src=twsrc%5Etfw\\\">April 6, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Gold and Bitcoin are often compared as forms of money due to their sound monetary properties, especially scarcity. Theoretically, this makes them resilient to inflation relative to fiat currencies.<\/p>\n<p>In March 2023, assets surged after the US Federal Reserve provided support to <span data-descr=\\\"Silicon Valley Bank\\\" class=\\\"old_tooltip\\\">SVB<\/span> clients, pumping hundreds of billions of dollars into the banking system.<\/p>\n<p>In February, ChatGPT <a href=\"https:\/\/u1f987.com\/en\/news\/chatgpt-maps-zodiac-signs-to-cryptocurrencies\">matched<\/a> zodiac signs and cryptocurrencies.<\/p>\n<p>In January, the AI <a href=\"https:\/\/u1f987.com\/en\/news\/ai-turns-popular-crypto-assets-into-transformers\">transformed<\/a> five popular coins into transformers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AI chatbot ChatGPT appears to have taken a side in the long-running debate over which investment is more reliable \u2014 gold or Bitcoin. This was disclosed by the prominent Bitcoin critic Peter Schiff.<\/p>\n","protected":false},"author":1,"featured_media":76856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1201,1138,1298],"class_list":["post-76855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-chatbots","tag-opinions","tag-peter-schiff"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76855"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76855\/revisions"}],"predecessor-version":[{"id":76857,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76855\/revisions\/76857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76856"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}