/biz/ - Business & Finance

Permabear. You've seen the bobos around here. Permabears, sad existence.

who gives a fuck?

>>28144506
>gold is a threat to the fiat monetary system
and bitcoin is a threat to the gold industry, driving potential investors to place their money into crypto instead
this is why he's a seething schizo when it comes to bitcoin

>>28144506
While I think he's a tunnel visioned gloater, I respect him. He sticks by his guns even if he's wrong.

He's the broken clock personified because you know that eventually he's going to be right, but not for long

>>28144506
Well I've never seen a gold dealer link to suicide prevention

It’s just an act at this point. His entire online image (his brand) has become the no-coiner. He’s irrelevant otherwise.

>>28144713

This should've ended his career as a financial advisor.

>>28144506
let this screenshot forever remind you of goldanon. who sold in september 2020 at 10k, before the big golden bullrun. because of a peter schiff video. Some say goldanon still roams this board to post fud as a coping method.

pic related

MUH LINCOLN

>>28144506
Replace the word 'gold' with 'altcoins' and you have the /biz/ narrative.

>>28144506
He is partially right. In Tesla report it is clearly said that they also have bought gold, which includes bullions.
But what neither press nor Tesla not Shift said is that Tesla needs a ton of silver to make their electric cars and green farms.

>>28144506
Schiff is based.

>>28144506
He’s correct about everything except, he took a jab at BTC in his last sentence.

>>28144854
He has more btc than you'll ever stack in 2 lifetimes

And he still sees theough the store of value bullshit. Rich people want their money to stay the same. So if they put 10m in gold they know their kids will get 10m. If they put 10m in btc they could have 100 million or 0 dollars

So one is a store of value the other is a speculative asset

>>28144713
OOOOOHHHHHH NO NO NO NO LOOK AT THIS DUUUUUUUUUUUDE

>>28144941
That’s why Elon is pumping dogecoin. He’s trying to take the heat off silver.

>>28144932
lmfao what an absolute coper
but truth be told, he probably does own bitcoin

>>28144932
That's literally how fiat works though.

>>28144932
or if you are wrong
which one is more likely?

>>28144506
>a jew admitting he was wrong
come on anon

>>28145201
he absolutely does
his website accepts bitcoin
https://schiffgold.com/buy/buying-gold-silver-cryptos/

The point is, you’ll be paying taxes on your btc gains. You won’t pay any taxes on gold. Why you think he lives in PR? Zero income taxes.

>>28144941

The intelligent play is to dump BTC into this rally and buy microcap silver miners like Bayhorse Silver which will go 100x at $50 silver

>>28144506
lol fag I bought when it was 4k

>>28144506
this is bullish

>>28145402
Hypocrite kike

>>28144767
> and bitcoin is a threat to the gold industry

>>28145457
The only reason you don’t pay taxes when you sell gold is because it doesn’t increase in value. Gold is likely to be a tax write off for how poorly it performs

>>28144713
This singular fact means he is so invested in being right that it is literally impossible for him to admit he is wrong. If he admits it now he would have to blow his brains out so he cannot do so.

Buy both. And silver

And UUUU for the lulz

>>28145201
>>28145402
You can profit off the bitcoin bubble without buying into the cult.
crypto is objectively overvalued speculative garbage with zero applications and barely any advancements over the past 10 years, doesn't mean I haven't made gains off it though.

>>28145974
What a legend

>>28146093
Bitcoin is beautiful. It’s the most liquid store of wealth that has ever existed and it can’t be confiscated. It’s use case is already being used. Holding

>>28145871
>hypocrite
How does that make him a hypocrite? You don't have to believe in something to profit off it.
I bought and dumped GME and AMC at 3x, but I guess if I were less of a hypocrite I would've held and lost everything like all the normie retards.

>>28144506
>Gold a threat to anything.
AHAHAHAHAHHAAHAHAHAHAHA
Poopee Schiffy is nothing more than a lolcow by now.

>>28144506
he's right about media shilling BTC

although I'd say gold also has a good rep there

>>28144506
He’s not wrong

>>28144917
>I don't have anything left. Schiff has completely convinced me.
kek

Everything Peter Schiff spiels about Bitcoin is correct but that does not mean you cannot make money along the way. Bitcoin is not a store of value, Bitcoin will never be a reserve currency, Bitcoin will not outlast Gold. In the short term, you are more likely to make money on Bitcoin than Gold.

>>28144506
kikes gonna kike

>>28144713
I listened to him on JRE once and he spent literally 3 hours shilling gold

The man is absolutely fucking obsessed

>>28144506
Whenever this kike shills against bitcoin, it goes up another 10%.

>>28144506
he's in full panic mode

>>28144917
Many gold and silver stocks are up 10x since that post and will go 1000x over the course of this bull market, so good for him

>>28146720
He literally is a jew trying to shill boomers on devaluing rocks. They get to offload shekels and boomers invest in shitty investments and get in the poor house

>>28146792
kek he must have tweeted twice about it today

>>28145148
That doesn’t make any sense anon. The whole reason financial markets exist is because there is no such thing as static value. 10M today is not the same as 10M 10 years from now. Sorry, if you don’t understand, I don’t have the time or energy to explain it to you

>>28146691
Why can gold be a store of value and reserve currency but btc can’t be?

>>28146866
show some ticker symbols.

>>28144506
Reminder this kikes grandfather was a Wall st Jew who financed the Bolshevik takeover in Russia

>>28144506
is he wrong though? they are shilling it very hard..

Peter Schiff is one of the biggest retards in existence.

If you listened to him you'd be up like 20% over the last 15 years.

>DUDE MUH GOLD MUH FIAT
This braindead retard doesn't understand money is just "a medium of exchange", it's not an "asset that appreciates in value".

>>28145974
All that has to happen is sha256 gets compromised then btc goez to zero. gold has no such weakness.
t. 100% crypto folio

>>28145148
>So if they put 10m in gold they know their kids will get 10m
You are so fucking retarded but you're probably correct.
$10m in gold today might be $10m in gold 20 years from now.
too bad inflation did a x5 by then.

>>28144506

>>28144506
Lol, you guys know what he's doing, right?...
He's just doing typical jew behavior. He's playing both sides.
He's having his son shill bitcoin, because why not.
And he's shilling gold because he already has an enormous company invested in it.
In reality, both him and his son own massive amounts of gold and bitcoin, and I wouldn't be surprised at all when 5-10 years down the road, when bitcoin ultimately wins, Peter will have so much bitcoin personally that he'll start shilling it himself because his euro pacific capital company will literally be peanuts to him compared to his bitcoin stash.
This is all just a clever troll game he's playing in very typical jewish fashion.

>>28144506
Hes trying to pump his gold bags and hes a jew, figure it out

>>28144506
Its almost as if he has skin in the game and is very threatened by btc

>>28144506
>boomer gonna boom

>>28144506
shifty (((schiff)))

>>28148516
yes, the 10 trillion gold market is very threatened by crypto
the silver market which is required to mine crypto and also for pretty much everything else is feeling sick at crypto
retard

Schiff is always right, he's just always too early. He'll get the last laugh

>>28147229
Based boomer lmao i hate my wife, kids cant read books buy my boomer rocks

>>28149410
People here do not understand how commodities work.

>buy muh gold bags so I can fomo in btc
Yea fuck off Peter not happening lad

>>28144506
sounds like a confused, angry boomer
> buy gold, everything else is fiat!
yeah no shit. I’m not going to go all in on fucking gold coins and Jim Baker cheese buckets like some dumbshit /pol/prepper because the potential for a crash exists

>>28147154
China starts space mining and finds an asteroid made out of gold.

How long until this guy suicides from gold stagnating and BTC going interstellar?

>>28144506
>PUMPPP MY BAGGGSS GOYIMMMM

>>28145241
Not at all
Use of fiat is enforced with violence
Why do you think you have to pay land taxes?
>Its so you are forced to earn fiat

>>28145402
You pay in bitcoin. He receives USD.

>thinking you can cash out

>>28144506

I mean.. His job is a gold salesman, literally. Its like ripping on a guy who owns a car dealership because he hates buses and trains.

>>28154242
That is the worst analogy I have ever heard. Which car salesman, ever, hated buses and trains because he sells cars? You are fucking mental mate. Or 12.

>>28144917
>Schiff has convinced me
>My natural instincts have taken over
???

>>28147612
this x100
his son is his hedge