Fantastic discussion!
Peter Schiff made a lot of extremely solid arguments. But I like the way Ivan handled himself - very CCC (Cool Calm & Composed). Bravo Ivan, as this makes for an intelligent debate, rather than a heated "my-side-only-is-right" debate which is not conducive to critical thinking and keeping an open mind.
In other words, the debate was much more constructive and civil than the one between Peter & Max Keiser!
But at the end of the day, it is all about the PERCEIVED VALUE of the currency.
Gold since 2011 has been stagnant and perceived as "not that great" in value due to its price suppression by the banksters.
Bitcoin has recently (if you take away the recent tumble) in the last year has gained a high perception of value more in large part due to the masses seeing it as a speculative - get rich quick - investment rather than as a currency asset in and of itself.
It will be interesting to see the behavior of Bitcoin (and other Cryptos) during the next big market crash/meltdown. We have a good idea what gold will do due to historical trends. But how Bitcoin will fare in such a scenario has yet to be seen.
QUICK POLL: If you had to choose between the 1 oz Canadian Gold Maple above or 1 Bitcoin the day before the next huge market crash, which would you rather have?