/biz/ - Business & Finance

>>24837987
Network effect unironically

is he really below the market?
that's fucking pathetic

>>24838023
bro, gold has been flat for thousands of years

lmao what the fuck
https://topratedfirms.com/brokers/customer/europacificcapital-review.aspx

confirmation bias.

> hurdurrr gold sounds lik a really good idea
> googles gold, finds peter schiff
> OH YEAH THIS GUY GETS IT. I BOW. I DON*T GIVE A FUCK IF HE HAS BEEN WRONG FOR THE LAST 10 years

not a rhetorical question btw. i want to achieve this level of kikery where I can shill underperforming assets very publicly for years and make bank

>>24838036
I'm not talking about gold
I'm talking about his fund overall
he manages stocks and precious metals on europac

>>24838165
Emerging markets have been pretty flat too.

>>24837987
In 2010, gold was ~$1400/oz.
In 2020, gold is ~$1800/oz.

People who buy gold want to actually hold it in their hand. Actually fucking hold it. Unlike some 1's and zeroes you cryptoheads crow about.
If someone bought 1M worth gold then, it'd be worth about 1.3M now TAX FREE AND OUT OF THE GUBBMINTS CLUTCHES. If you guys can't figure that out, keep chasing 'its going to be listed on Coinbase!!!1!' type shit. Fags, all of ya.

>>24838314
the government can take your gold you tremendous faget, they've done it before

>>24837987
>How can you be wrong for a decade straight, give your investors returns way below the market and still somehow attract more investment?
borderline magical kikery

it can not be explained in any other way

FeAr!!!

>>24838314
And if you bought 1 million worth of BTC just in 2020, you would have 4-5 million right now. Hmm... would I rather take a profit of 4 million in one year or a profit of 300k in 10 years? What an incredibly retarded post you fucking faggot. You must be a drooling boomer brainlet

>>24837987
Your mistake is thinking jews are good with money, theyre not. They just gamble yours and hope for the best, dodging holocausts along the way.

>>24838228
no they haven't, look at arkk faggot

does anyone have the charts for his europac funds

>>24838915
>>24838915
>>24838915
>>24838915
>>24838915
>>24838915
>>24838915
>>24838915
https://finance.yahoo.com/quote/EPGFX

>>24837987
If you invest in Schiff you deserve to lose money for trusting a jew.

>>24839010
fucking kek

>>24838519
yeah but btc already went to ~20k before and then crashed back down. its back up now but i mean it could crash again like its done multiple times. gold doesnt crash hard like that

>>24839110
>gold doesnt crash hard like that
and that's why you can't make any money on it
no risk, no reward
schiff doesn't manage only gold tho
he has foreign stocks and bonds
he mistimed the market completely after 2012

>>24839110
Gold has been around for hundreds of years. Bitcoin has been around for a decade. Volatility will decrease going forward, as it’s already started to show

>>24837987
I sold my gold and invested it into alts
Gold will never make me rich

>>24838314
If you bought crypto you could have sold it for even more gold to grope

>>24838605

>>24838573
It's funny because it's true.

>>24838088 (checked)
>>24839010
yep. as i thought. borderline magical kikery.

i believe that he especially attracts that type of person (potential customer) who is destined by fate to lose (some, all, whatever) and henceforth Schiff provides an excellent service for these people and rightfully gets paid handsomely.

bare that in mind and Schiff is the perfect fund manager for a certain type of person

>>24839110
>>24839198

Except there is a fuck ton of risk in gold, it's the risk of opportunity cost, Imagine having your money in this dog shit rock for 27 years and not yielding ANYTHING from it, even after 27 years you are only back at your nominal high which is far below the actual vaue of a ounce of gold in 1980. Not to mention the supply of gold doubles every 35 years at minimum. It's a terrible form of money in the modern era.

Perhaps in the time of the romans when there were no machines to mine silver and gold it was a good form of money however today it is to easy to mine.
Gold is cute if you are a old boomer who just wants to have his savings in shiny rocks. However if you are under 60 and you want too create wealth that will let you live a decent life stay the fuck away from gold.

>>24837987
it's the beard
makes him look smarter than he is.

>>24839416
Too bad gold as a material doesn't adjust its physical properties to monetary inflation :-(

>>24839198
>>24839416

there is no opportunity cost in gold if you have enough wealth already. people buying gold arent doing it to make massive gains.. theyre doing it to protect against inflation and infinite debt from the feds

also, junior miners can moon just as hard as fucking cryptocurrencies so dont tell me theres no way to make money in gold / PMs

>>24839552
>theyre doing it to protect against inflation and infinite debt from the feds
topkek
if only it would do so

>>24838314
Based and goldpilled

>>24839416
This anon fucks

>>24839661
kek

The gold supply inflates by 2-4% a year.
Every 35 years the amount of gold above ground doubles.
How does gold protect anyone from inflation when it itself is inflating?
Bitcoin however has no inflation ever.

>>24837987
boomer fear

You ever go on /pmg/?

You see these kids under 30 buying little stacks of silver coins and bars thinking that one day it will be worth a house or something. It's sad because there is no way a fucking metal will be worth that much again in the modern day.

It's only getting easier to mine gold and silver with new technologies. Not even thinking about the eventuality of asteroid mining.
You might say that you don't need to worry about asteroid mining because you will be dead by the time it is up and running however this doesn't take into account investment firms and businesses that want to store value for 100+ years. If they know that in 100 years the gold supply will be inflated massively by asteroid mining operations why on earth would they buy gold now?

Why would these institutions buy meaningful amounts of gold if they know that in the past gold literally bleed in price for 3 decades? Who in there right mind would invest in something with that track record?