Gold has surged to a record price, briefly reaching $3,060 after an increase of nearly $40. Peter Schiff, a known gold advocate, attributes this rally not to uncertainty in markets but rather to a declining trust in the U.S. dollar and ongoing inflation fears that exceed the Federal Reserve’s target of 2%. While Bitcoin shows signs of weakness, gold’s ascent presents a shift in investor strategy. Will gold continue its upward trajectory or will Bitcoin regain its status as the preferred asset?