Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the leading crypto asset in terms of market capitalization, has experienced a significant surge of 166% since the beginning of 2023. Gold Hits Record High, Yet Bitcoin Steals the Spotlight With Stellar 2023 Surge Prominent gold supporter and economist Peter Schiff , along with several other gold enthusiasts, expressed satisfaction with gold’s recent ascent to $2,117 per ounce. Concurrently, Schiff remarked that bitcoin’s rise was not particularly noteworthy. However, objective analysis and factual data reveal that Schiff’s preferred investment in gold has fallen significantly short of the impressive gains achieved by the digital asset bitcoin. Gold’s current trading price has dipped by 5.33% from its
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