/biz/ - Business & Finance

literally
fucking
who

>>18424093
>linking fag boomers opinions
>normieness 9/10
well done

>>18424123
DescriptionPeter David Schiff is an American libertarian, stock broker, financial commentator, economist and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. Wikipedia
Born: March 23, 1963 (age 57 years), New Haven, CT
Spouse: Lauren Schiff
Party: Republican Party
Education: University of California, Berkeley (1987), Beverly Hills High School, Haas School of Business
Parents: Irwin Schiff, Ellen Schiff
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>>18424093
i can't store gold eagles in my phone and transfer a portion of them to someone else.

Gold will dump as it has been in the last 3 months indeed even more, because only retarded boomers buy shiny rocks and boomers are dying out.
Thank God for that btw

Does anyone take Schiff seriously anymore, he has been saying market crash since the last crash.

this is bullish for bitcoin

>>18424195
He wasn't wrong though, just because they inflated the debt bubble to massive, unprecedented heights doesn't mean the economy was really growing. It's going to crash to 2008 levels or lower.

>>18424093
when did he say that?

>>18424093
Schiff is an imbecile who is always wrong.

>>18424093
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>18424093
>Not Diversifying
I don't really see this as a problem OP

>>18424093
This guy is the embodiment of rent free. What the fuck is his problem?
>>18424232
It already crashed and now the government is brrrring away the fiat.

>>18424232
hes still a retard. heres my hot take: both gold AND btc will rise.

hes a globalist libertarian retard who relies on his fed buds to introduce and then ruin fiat value so his gold bags pump. same old shit weve seen for thousands of years.

>>18424232
Being early is being wrong

Peter is honestly a great scam artist. So many retards here fall for what he says.

>>18424093

>yes millennialls and zoomers who want to opt out of the boomer scams will surely buy a $10T asset class completely owned by boomers instead of bitcoin at $125b market cap

imagine actually believing this.

If he is so smart and confident in gold, why don’t/didn’t he just buy gold and become rich? Why does he need to go on every podcast and spend all this effort to ((educate)) people?

Hmmmmm

>>18424232
>broken clock will be not wrong at some point in time
WOW

>>18424524
its sadder that he constantly complains about the new millionaire "bitcoin kids" moving into his puerto rican neighbourhood lol. he keeps knocking crypto. well even if you think its trash just ride the profit wave bro.... hes so dumb

>>18424339
>>18424370
>>18424381
>>18424551
He has repeatedly said he didn't want to profit off a bubble when it's fundamentally wrong unlike /biz/kikes. It was clearly a bubble now, and you retards can't change the fact he was right.

>>18424093
Saying "it will crash" is not an argument

>>18424596
>You retards can't change the fact that a broken clock was right at some point in time.
WOW I'm so BTFO. How will I ever recover?

>>18424596
>He has repeatedly said he didn't want to profit off a bubble when it's fundamentally wrong

Yes, this bubble that ruins the livelihoods of billions is much more morally righteous to profit off of than the last bubble that ruined the livelihoods of millions.

>>18424596
>it's morally wrong to profit off this bubble
>so please send your cryptos to my website to exchange them for gold heh heh

>>18424093
This means btc is going to out-gain gold by a lot.

real currencies and banks will incorporate blockchain in their payment methods, and this will be the end of all the current cryptocurrencies.

>>18424158
wew lad

>>18424093
>peter schiff

this is literal boomer cope, in 10 years time we will have established moon/asteroid rare metal farms.

at the same time we will be computing advanced AIs using cyptocomputer data mining applications.

crypto will be worth millions in the near future

It would be dumb not to be in both at this point, had literally years to accumulate.

>>18424093
Peter has a good view on the economy, one of the best take on why what the Fed is doing is wrong and what the consequences will be.
he is also extremely wrong about Bitcoin and crypto, for instance in one of his recent podcast he speculated that gold and silver coins will become a major method of transaction in the near future, literally believing that you would go to the grocery store and pay with silver coins.
Precious metals will never function as money, Crypto can.

>>18424934
>literally believing that you would go to the grocery store and pay with silver coins.
Is he actually retarded?

>>18424823
Imagine being this delusional. We won't have asteroid or moon mining in any of our lifetimes. Do you have any idea how expensive that would be?

>>18424823
10yrs??

fucking zoomers man

>2009: I know inflation is going to get worse in 2010. Whether it's going to run out of control or it's going to take until 2011 or 2012, but I know we're going to have a major currency crisis coming soon. It's going to dwarf the financial crisis and it's going to send consumer prices absolutely ballistic, as well as interest rates and unemployment.
Nothing happened.

>2011: Why it’s time to dump most U.S. stocks... I would also avoid any high-multiple stocks, which excludes most technology or biotechnology companies.
Technology stocks did phenomenally well over the past decade.

>2012, when gold was $1700: Gold’s got only one direction to go, and that’s higher... I think you’re going to see a big move sometime in the next couple of years... In a few years, we're talking gold $5000.
Then gold crashed to $1300 next year, $1200 the year after.
>2014: I never specified that gold would hit 5000 in two years. You can say that Schiff thought gold would make a big move in two years. He was right, but the move was in the opposite direction... A few could be 3, but it could also be 4 or maybe 5.
It's been 7+ years since his prediction.

>2012: [QE is] not going to revive the economy. It’s not going to create jobs. But it will help destroy the dollar. And that is going to send gold higher.
Employment actually increased.
>2015 when confronted about his prediction: Most of those jobs will be lost in the coming recession that will likely begin in 2016.
No recession in 2016.

>January, 2019: 2008 Great Recession will Pale Compared to 2019 Bear Market
Bull market in 2019.

So much cope in this thread.

>>18424158
have sex

Thanks just sold 100k

>>18424093
Has this retarded boomer ever been right one single time?

>>18424175
Oh yeah? Do you send crypto to other people?
>>18424182
Gold hasn't been dumping it's been increasing in value the last couple years. It held its value during the recent dip (the full crash isn't over yet). It held its value better than bitcoin or any other asset did.

>>18425025
>Do you have any idea how expensive that would be?
do you know how expensive gold is? its like 50$ a fucking gram. and because its in space you can have a payload as heavy as you fucking want. bring home a ton of gold or any rare earth metal and have 50 million+. literately take a 50 ton rock home and think of how much is actually in it if its a asteroid of rare earths.

its easy to say "but its expensive"! but that literately doesnt matter if the profits outweigh the costs.

>>18424175
maybe you can cut your phone into tiny portions when we take out the power grid

Imagine you took his advice last decade and missed several of the largest bull markets ever while holding boomer rocks hoping for society to end...

>>18425054
>2001: buy gold and hold for the long term
>2020: gold is at or near ath in every currency
It's almost like having more time to accumulate was a blessing. Dumb fuck

>>18425253
Yeah I'm sure you bought btc at $1 and sold at 17k. Fucking faggot

>>18424967
No, he's playing people to sell them gold at a premium and discourage them from buying crypto. He was dead on about the economy. He said the Fed would try to raise rates, about face, cut rates, and then do QE. That was 3 years ago and everything he said was happen did. He uses that to earn a living for himself through gold commissions.

400k confirmed

>>18424476
This is so incredibly true. Anecdotally I have had all my normie friends ask to buy Btc despite me also shilling a multihedged approach including gold. They aren't interested. Only bitcoin age is 25-39 approx 32 people.

>>18425237
xD

>>18424823
Based ironic poster

>>18424093
He might be right btc is old technology, btc is mostly held for speculation.