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/biz/ - Business & Finance

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File: 18 KB, 300x300, Peter-Schiff-photo-via-Twitter-300x300.jpg [View same] [iqdb] [saucenao] [google]
12180603 No.12180603 [Reply] [Original]

Just a reminder that Peter was right again

>> No.12180619

>>12180603

Broken clock dude
You should know better than to listen to this guy. Especially on a bitcoin board

>> No.12180628

what was he right about

>> No.12180708

>>12180603
cleaned up my HDD recently and found a video folder from ~2010 - 2014 with some of his videos.
back then, knowing about "muh cumming recession" was "redpilled". he unironically spouted the exact same phrases back then that he does now.
broken clock is a perfect analogy for him, because he never shifts gears, never adapts, never strays from pure 100% pessimism and is thus mathematically bound to be right *some time*.

>> No.12180730

>>12180708
Cope harder, faggot
Most people are the opposite. 100% bullish forever. Meanwhile it's been a bubble all along.

>> No.12180785

>>12180730
nice reading comprehension

>> No.12180809
File: 317 KB, 222x167, 1345B294-7794-4C5C-91F8-8AE271740814.gif [View same] [iqdb] [saucenao] [google]
12180809

>>12180785

Lol

>> No.12181011

This guy is literally never right.
I remember when gold was over $2k and he was telling people that it would hit $6k within a year.
If the people who listened to him and bought some gold at $1k continued to listen to him and held their gold when it was $2k, then they lost their chance to profit and now it's back to $1k (plus some inflation).
Show me one person who made money listening to Peter Schiff. You can't.

>> No.12181042

>>12181011
You can't....yet

>> No.12181062

>>12180708
that's because the stock market is so manipulated from low interest rates and no one could have expected the trump presidency which added Optimism to the market preventing it from failing before. It's on its way out now though

>> No.12181065
File: 23 KB, 640x480, NPC-header-1.jpg [View same] [iqdb] [saucenao] [google]
12181065

>>12180730
>Perpetual market growth
>Keep putting your retirement money in
>Perpetual market growth
>Keep putting your retirement money in
>Perpetual market growth
>Keep putting your retirement money in
>Perpetual market growth
>Keep putting your retirement money in
>Perpetual market growth
>Keep putting your retirement money in

>> No.12181114
File: 348 KB, 600x386, 15-05-07-Peter-Ben.png [View same] [iqdb] [saucenao] [google]
12181114

>>12181011
that's the point: sound financial investment is never one-way, it changes with the trends. markets fluctuate, new industries emerge, bubbles pop etc.
holding the same general sentiment over several years means you'll never beat the market consistently and 100% lose out on true money-makers like BTC. in a nutshell he is a charlatan meant to keep contrarians (people who don't fall for muh endless growth) from investing in profitable things and instead fleeing from all markets entirely.
if you unironically believe the guy constantly talking on national TV and being photographed with ben "helicopter money" bernanke is anti-establishment, then you are fucking retarded.

>> No.12181151

>>12181062
yeah well if he knew what he was talking about, he would have factored that manipulation in and told people 7, 8 years ago:
"listen, this growth is unsubstantial, but institutions will make sure this bubble only pops when it absolutely has to. ride this bubble, take your profits, but look out for warning signs."
i agree that a recession is coming, anyone can see it now - but if you listened to him from 2010 onwards, you lost insane amounts of money - which is why he was on TV in the first place.
the only options they present you are a) 100% bull, buy stocks b) omg i am totally contrarian, a) is wrong, flee from the market instead of making money. here are some shiny rocks.