/biz/ - Business & Finance

gold isn’t real

>>24758157
>old man yells at skateboarders because it’s a superior mode of transport to his wheelchair
Why does anyone take him seriously again?

>>24758157
I love Schiff. No better troll.

>>24758230
This, he is FUDing like an oldfag.

Boomerang with moles vision
NGMI

>>24758157
What's the timeframe for Peter Schiff claims?
He should know better than anyone that markets are not rational.
If markets were rational the dollar wouldn't be the currency of the world simple as that, it's enforced artificially.

Why would you make a claim about x failing when it could literally be propped up and enforced.

He's just bitter he was wrong, and that everyone is there to remind him forever, his legacy or what he thinks it's his legacy has been hurt, he's a clown unless he's right.
What a machild.

>>24758157
I'm pretty sure Bitcoin is up 200x since he first started fudding it kek. Does this boomer ever admit when he was wrong? It seems like he has been wrong about almost everything for the past 11 years.

I remember back in the early 90s when hyperinflation was just around the corner, the Fed was going to collapse any minute, and everyone's going to be trading in gold coins.
We've had, what, four economic crises since then, and no one's marking prices in ounces of gold yet. The collapse is sure taking its sweet time.

>>24758195
Kek

>>24758157
Dear Peter, I meant to write you sooner, but I just been busy
You said you boomers are buying gold, how far along are you?
Look, I'm really flattered you would project your insecurity like that
And here's an autograph for your brother; I wrote it on a blockchain transaction
I'm sorry I didn't see you at the Smart Contract Summit, I must've missed you
Don't think I did that shit intentionally just to diss you
But what's this shit you said about you like centralized investments?
I say that shit just clownin', dawg, come on, how fucked up is you?
You got some issues, Peter, I think you need some counselin'
To help your ass from bouncin' off the walls when you get down some
And what's this shit about us meant to be together?
That type of shit'll make me not undergo the fourth industrial revolution
I really think you and your fellow boomers need each other
Or maybe you just need to treat blockchain better
I hope you get to read this message, I just hope it reaches you in time
Before you get dumped on, I think that you'll be doin' just fine
If you relax a little, I'm glad I inspire you, but Peter
Why are you so mad? Try to understand that I do want you as a fan
I just don't want you to do some crazy shit
I seen this one shit on the news a couple weeks ago that made me sick
Some dude was shitposting on twitter and convinced himself to place his retirement in old rocks
And had a cult to follow him, buying rocks to swallow them.
And in his diary they found a message about buying more yellow rocks, but they didn't say who it was to
Come to think about it, his name was—it was you

>>24758276
He sells gold for a living. So he has investors that rely on him to not fuck them. He can't change sides now.

See the twitter post with his son and Bitcoin. Speaks volumes, it's a way he can have his cake and eat it too. Even if he's proven wrong, he can digest it because his son was proven right.

>>24758338

This is what happens when you listen to these PM shills

when the wage slaves are priced out of gold, real estate, and foreign companies, literally the only thing that will save them is silver, but they won't buy it. they will continue to ride the rollercoaster of the fake markets whether they are stocks or crypto, and they will think they're gmi but always crash with no survivors. And then one day they'll be finally priced out of silver too, and we will have a feudal system again. how sad yet glorious.

>>24758341
Yep I thought about this too the other day.

Even if this cunt saw the light he literally can't change sides because his business depends on it.
He's been selling the collapse of the financial system for well over a decade now, there must be thousands of boomers who bought gold under his spell, they probably send him letter anytime gold dips.

>>24758157
you just know he's secretly buying bitcoin while fudding on twitter to his boomer rock cult. he's basically a more sophisticated /biz/ shill with a bigger platform shitting on his own bags

>>24758157
Schiff has been in and around crypto twitter for so long that no one would survive being a bitcoin bear for the time he's been battered with counterarguments

I am utterly convinced that Schiff knows what he's doing by trolling every bullish bitcoin tweet from every major spokesman of the protocol

He's probably setting himself to suck up all the marketshare of every uber rich boomer who chooses gold instead of bitcoin to store their wealth amid Fed debasement of the dollar

>>24758386
silver doesn’t exist

it’s synthesized in Chinese labs

>>24758157

>>24758157
No, the only ones left will be those that survive the reset.

Specifically power reset.

https://www.youtube.com/watch?v=tSuCuoQxI20

Will your blockchain stay sync'd.. you have backup power and enough nodes to keep it viable?

>>24758386
We already have a feudal system in the making and it won't require the collapse of the financial system.

>print money to bail the 1% wealthiest individuals whenever there is contraction
>quality assets inflate beyond serfs reach
>dwellings constantly inflated, renting has been on the rise with each consecutive generation and houses are increasingly out of reach for the average workers in any developed western society , a trend that only began 50 years a go
>no politician seems to care about reversing despite house ownership being the biggest factor for generational wealth accumulation.
>debt has become a necessity for younger generations just to subsist when past generations only acquired debt for specific purposes, debt is now a MUST for any adult.
>debt had become cheaper and cheaper for the elite with quality assets while the purchasing power of waged serfs has only continuously decreased while wages stagnate

Do you see where I'm going?
99% of the stock market is owned by 1% of the population, soon even in wealthy western societies the quality assets will be owed by elites while workers will never be able to catch up doesn't matter if they save every penny quality assets will be out of their reach, in fact normies now have to take massive amounts of risks buying the most expensive stock market in history just to try and catch up with inflation just to preserve the purchasing power of the currency they exchanged for labour they must gamble

Hahaha Holy fuck not even feudalism was this bad, at least you had a place to live and food. Now we are homeless serfs we gotta pay for the privileged of being serfs.
Give it another 30 years of modern monetary theory, our kids will literally be slaves, only educated enough to perform their task.

>>24758157

>>24758157

every interview he just goes on the same rant no matter what question is asked
no self- awareness... I envy that a little bit

>>24758584
How do I get some schiffgold?

>>24758157
this retard invested in gold?
so I won't buy gold
simple as that

>>24758341
Intergenerational hedging. Unfathomably based Schiff

Has Schiff ever heard of XSG and the standard?

>>24759130
imagine buying his gold and in the mail you just get some chocolate coins covered with gold foil.

>>24758584
hahah so true. we'll also start space mining in 10 years and gold will be $1 per oz.

>>24758174
>bitcope

>>24758529
the blackpill

>>24758529
Not taking this shit I'm gonna make it bros. They're only blackpills if you give in to despair. The jews can't achieve a total victory

>>24758529
>99% of the stock market is owned by 1% of the population,
Without looking I am 99% sure you are wrong. The biggest class of "investors" is pension funds, which are owned by teachers, unions workers, firemen etc

>>24760793
based and whitepilled, also likely godpilled

>>24758157
Wonder how much btc he is holding

>>24759697
You space mining fags are more cringe then precious metal boomer fags. Get it in your head that we can’t advance to such a point to do something of this magnitude when we have to pay for niggers and have jews running everything

>>24760805
>i-its not 1 percent of the global population, its ac-actually 3 percent hehe

>>24758157
> there will never be a computer program that does X.
Always an intellectually corrupt position to take.

>>24761299
He just explained who the beneficiaries of pension funds are you retarded zoomer.

>>24758174
>gold isn’t real
Gold is a useful element.

>>24758529
>>quality assets inflate beyond serfs reach
what's the problem with this?

>>24758230
Yeah Schiff is the best most fun fudder/troll in crypto. Completly wrong about btc but if you want to know why the traditional system is fucked schiff is great at explaining it to non finance retards like me. Just old boomer likes gold as the answer. Poor guy shaking his fists at the clouds

>>24763144
>Poor guy shaking his fists at the clouds

>>24759697
we haven't even started mining the moon yet let alone mining asteroids and bringing it back to earth in large enough quantities to affect the markets.
also cope more bitfag

https://www.youtube.com/watch?v=bgPDW0ZpgJU&list=FL99DGYUKiKmMyam9sEqVc0g&index=1&ab_channel=Plot11

>>24763785
LEO is only just now becoming economically feasible and safe. LEO is halfway to anywhere else in the solar system. We could literally start sending supplies ahead to the moon right now it's just not on anybody's schedule yet (SpaceX is still working on Mars rockets and Uncle Sam's spy satellites and starlink first). Plus, once starlink is up you only have to point a few of them at the moon and boom, internet on the moon with really shitty latency.

>>24758230
>>24758341
>>24758392
>>24758405
>>24758439
>>24759183
based and schiffpilled
On his podcast he uses the pronoun "it" when he talks about the price action of US stocks.
He uses the pronoun "we" when he talks the BTC price action.

>>24763823
Spencer Schiff is also the most based 17 year old in the world:
https://twitter.com/spencerkschiff?lang=en
He will probably be even bigger and more successful than his father.

>>24763801
nice, thanks for posting anon. I'm finna watch this right now

>>24763144
this
he's right about everything except he thinks gold is the answer, and not bitcoin or both gold and bitcoin. and there's no going back for him at this point

>>24758195
Lmao