Gold and silver certificates cannot be exchanged at Fort Knox, Peter Schiff notes

Gold and silver certificates cannot be exchanged at Fort Knox, Peter Schiff notes
Gold certificates no longer redeemable

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, challenges a recent statement by the current U.S. Secretary of the Treasury regarding gold and silver certificates.

Schiff points out that gold certificates have not been redeemable for their metal value at Fort Knox since 1933 and calls the claim that individuals can claim their metal at the location incorrect.

Schiff has recently commented on trading discounts in other markets. He noted that STRC traded at 93.5, leaving early investors down 6.5% and raising the yield to 12.3%. Schiff also highlighted that Strategy shares fell below $85.50, trading at a sharp discount to the company's Bitcoin per share value.

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