A Message from Emperor Schiff to Etherfags

[Anonymous No.12028714]

DOUBLE DIGIT SHITCOIN

[Anonymous No.12028734]

He clearly predicts SINGLE digits
SINGLE
DIGIT
SHITCOIN

[Anonymous No.12028745]

>>12028714
Is this bear euphoria?

[Anonymous No.12028759]

>>12028714
You know peter is getting interested!

[Anonymous No.12028765]

>>12028745
What do you think? This is called overshooting, corrections are always overblown, but go ahead sell at -90% I'm sure it will definitely go to 0

[Anonymous No.12028776]

>>12028765
>t. bought at $1400

[Anonymous No.12028785]

>>12028714
All these faggots coming out of the woodworks to trash crypto is honestly bullish

This clown could have gotten rich off crypto and stocks but has been sitting on gold for a decade instead.

>$4500 is too high to buy bitcoin - Aug 2017
https://www.coindesk.com/bitcoin-bear-peter-schiff-doubles-even-4000-still-bubble

[Anonymous No.12028814]

>>12028776
t. bought 17 at $260 in june 2017, now I hold 43 and have cashed out about 10k

We'll see who's laughing in a couple months

[Anonymous No.12028897]

>>12028814
>t. bag holder
Indeed we will, I want to buy some ETH at $50 USD

[Anonymous No.12028907]

>>12028714

ETHCONNNEEEEEECT

[Anonymous No.12028920]

>>12028765
I'm not selling, I'm buying, and comments like OP just strengthen my resolve.

[Anonymous No.12028954]

>>12028714

Man I wish I could buy ETH at $10 again, like in January 2017.

Would go all in with the rest of my FIAT savings.

Let's not kid ourselves, ETH is the only cryptocurrency technology that has any chance of being developed into something useful, beyond Bitcoin's limitations.

Betting against ETH is like betting against crypto. Fine. I can understand that. Go buy your US treasuries or Boomer stocks and Boomer rocks (gold doesn't pay interest, doesn't appreciate in capital, doesn't pay a dividend lol).

Actually, speaking of terrible investments, I can't think of a single asset class that has performed worse than physical gold in the last 100 years...

[Anonymous No.12028976]

>>12028765
>it will definitely go to 0
This unironically.

[Anonymous No.12029006]

Show us your short positions Peter.

[Anonymous No.12029056]

>>12028954
>Man I wish I could buy ETH at $10 again, like in January 2017
This reminds me of the newfag lottery ticket hodler in Jan this year, they got there wish & called crypto a scam....
Thank you dumbass lottery ticket hodlers for crashing the market! bet they have 0 fiat left after payin the loan they took out to buy crypto!

HA HA HA HA HA HA HA

[Anonymous No.12029140]

Money Skelly said that Eth was supposed to be $7 max?
Will his big brain be correct?

[Anonymous No.12029161]

>>12028785
He's already rich and worth over 150 million you fucking dumb nigger

[Anonymous No.12029169]

Gold amd eth are a MESS

[Anonymous No.12029180]

who gives a fuck what this greenwich trust fund cunt has to say anyway. it's nothing but hot air. someone should shut him the fuck up in person I bet he's a bitch IRL with a glass jaw who would piss his pants and do anything you told him to if he thought he was in physical danger. controlled opposition trust fund trash champange drinking scum. desperate for attention and talking shit he has no idea about for twitter follows. meanwhile he missed all the biggest bull runs of all time over the last 10 years because he's a dumb cunt retard who just holds a single asset which is a fucking rock and hopes it goes up but it never will.

[Anonymous No.12029217]

>>12028954
Gold isn't supposed to pay interest you dumb fuck nigger. The whole point of buying gold is so you have money and wealth for when fiat collapses. That's when you make it with gold. When there's a deflationary collapse of all asset prices because the world is swimming in debt.

It's like you braindead zoomers are incapable in differentiated between investments and real savings.

20 trillion in debt and manipulated criminally suppressed interest rates and you fucking idiots are concerned about making a return and not protecting what you have.

You are unironically just like a boomer where everyone just keeps all their money in 401ks and stocks like a sheep just thinking it will continue going up forever because we live in America and the govt will make sure it all goes right for us.

And nobody is saying don't invest but given the economic and political climate and 20 trillion in debt and you idiots don't have even 10-20% in gold and silver? Absolutely fucking nigger tier retarded

[Anonymous No.12029253]

>>12028785
he has always trashed crypto, nothing changed. hes like that roubini guy, both are bitter as fuck about being absolute brainlets.
but it doesnt matter, they are wealthy as fuck because they inherited daddy's money, so its all ok that they have their money on absolute shit investments.
>inherits all his money
>"i am the 1%, debate me"
the absolute state of this clown

[Anonymous No.12029266]

>>12028954
>Actually, speaking of terrible investments, I can't think of a single asset class that has performed worse than physical gold in the last 100 years...
dunno about ETH but holy fuck this is true

>>12029217
>Gold isn't supposed to pay interest you dumb fuck nigger. The whole point of buying gold is so you have money and wealth for when fiat collapses.
why is gold valued in dollars you retard?

[Anonymous No.12029274]

>>12029253
>wins crypto scam lottery ticket
>everybody listen to me im smart

[Anonymous No.12029276]

>>12028954
I mean do you even understand that a gold ounce is just a gold ounce and it isn't supposed to provide you a return?

You realize gold has been money for milennia and doesn't rely on the dollar existing to have value?

Do you also realize it was gold that gave the dollar its value in the first place. And the only reason you are investing in shitcoins is because you can't make it anymore BECAUSE gold doesn't back the dollar anymore and has caused rampant inflation for decades now

[Anonymous No.12029283]

we can see flippening, EOS will replace ETH

EOS is now way oversold

ETH is still way overvalued

[Anonymous No.12029291]

>>12029217
>just thinking it will continue going up forever because we live in America and the govt will make sure it all goes right for us.

This is LITERALLY what is going to happen. You think the greatest country in the world with the strongest military and interests in every other country with the most manipulated everything won't continue this ponzi scheme by any means necessary? We go to war over oil, there is nothing the Fed+government can not and will not do to ensure we stay on top. The usa will false flag and kill some of its own citizens if it means getting the go ahead from the emotional public to protect our interests.

[Anonymous No.12029317]

>>12029266
The dollar price of gold only tracks how unstable, volatile, and lack of store of value the dollar is you moron. The dollar is rhe world reserve currency so it has a price in dollars. But if the dollar dissapeared from planet earth tomorrow morning.... does my gold become worthless? Of course not brainlet. That's the entire point of buying gold you idiot. Because fiat is a scam.

When you buy Gold you don't want or care if the dollar price goes up. It's just a gold ounce. You don't want gold to go up like you want your Amazon stock to go up.

You realize when someone buys 1k worth of Amazon they are doing so for a completely different reason when they go to a coin shop and buy a gold ounce, right?

[Anonymous No.12029340]

>>12029291
Don't look now but you literally just made probably the best case ever for owning gold. You just made a better argument for owning gold than I have in this entire thread.

If you had a logical braincell in your head you'd realize that the fact that our military has to keep the ponzi alive is literally the best argument ever to get some gold and silver

[Anonymous No.12029343]

>>12029217

Here's some statistics for you drooling rock-fags:

Owning hunk of metal which does not produce any money has produced almost no return compared to literally ANY OTHER asset class. Cince 1968, shiny rock has produced an inflation adjusted return of less than 3% lol.

$10,000 invested into gold 200 years ago would be worth $26,000 today

>https://www.joshuakennon.com/stocks-vs-bonds-vs-gold-returns-for-the-past-200-years/

>https://dqydj.com/inflation-adjusted-gold-return-calculator/

Rockfags BTFO

[Anonymous No.12029365]

>>12029283

Oh you mean the abandoneware, unsecure, dumpster fire that can't achieve more than 250 TPS?

[Anonymous No.12029369]

>>12029291
>implying (((they))) don't make even more money when the average goy gets rekt

[Anonymous No.12029376]

>>12029343
You are fucking idiot!!!!!!!!!!!

GOLD IS MONEY!!!!!!!!!!

When you profit in stocks you earned more fiat..... but you still haven't dinettes it to real money and real savings.

When the dollar collapses and you have your wealth in worthless paper you will be fucked. Doesn't matter how much profits you earned in the last 5 years.

You are fundamentally retarded like most Americans and you don't know what savings is

[Anonymous No.12029419]

>>12029343
There's a difference between investments and money. Comparing stocks to gold is comparing apples to oranges.

You are supposed to compare dollars to gold.

100 years ago a good weekly salary was 20$ and 20$ = 1 oz of gold.

Today that 20$ doesn't buy you jack shit.... but that gold ounce converted to fiat gives you $1,200... which is still a good weekly salary.

And sure... it made sense to invest in a booming stock market the last 100 years. But A... we were on a gold standard most of that time anyway.....but today we are 20 trillion in debt and have massive inflation.

[Anonymous No.12029425]

>>12029376
>When the dollar collapses

Gold will be worth zero dollars at that point.

Enjoy trading your rocks for rice and drinking water.

How are you going to transport your rocks around? Pic related.

Enjoy getting swarmed by a pack of feral Negroes and having your rocks looted.

[Anonymous No.12029429]

>>12029376
wahh gold is money because my dad said so. wahh I don't understand properties of money all I can do is lick boots wahhh

[Anonymous No.12029430]

>>12029343
That's not why you own gold. No one has 100% of their portfolio in gold expecting a 7% per year return.
You own gold so that when your currency hyperinflates and your stock portfolio worth 1 million dollars can't buy you a new car, you have gold and can buy something to eat. Or a house.
The dollar has never had an event nor cause to hyperinflate. But when it does (if it does) ...... Oh boy. Oooooh boy

>>12029340
Yes I agree. Makes sense. However we don't know if it will ever happen because the US is a huge large stable country, not some 3rd world shithole. Might not happen in our lifetime.
I'm pro gold myself tho a very small amount. Maybe 5% of my net worth is in gold and silver

[Anonymous No.12029441]

>>12029376
>When the dollar collapses and you have your wealth in worthless paper you will be fucked.

Same goes for soft, shiney metal, you idiot. If you think the dollar is going to collapse buy coffee, guns, ammo, water filtration, and seeds.

[Anonymous No.12029444]

>>12029425
I'm not gonna make it

[Anonymous No.12029449]

>>12029343
You can make 10 million dollars in stocks or shitcoins but it won't matter one fucking bit in a fiat collapse where the value will go to zero.

If you don't convert at least some of that Jew paper into gold and silver you'll be fucked

[Anonymous No.12029451]

Testing posting from Turkey

[Anonymous No.12029454]

>>12028714
nice just bought 100k

[Anonymous No.12029460]

>>12029441
>the only 2 options are the current monetary system today, or Fallout universe/mad max scenario, with nothing in between.

How about when a new currency is issued, it is valued in gold and not dollars, and you take your gold to the bank and exchange it for the new currency? That's impossible?

[Anonymous No.12029477]

>>12029419

>Muh debt

You double digit IQ rockfags don't even know what that means, do you?

When you issue debt, holders of the obligation are essentially putting a vote of confidence in the entity raising money with paper. It's a vote of confidence when the world's major economies hold your debt. US treasuries are far more certain than shiny rocks.

[Anonymous No.12029498]

>>12029425
It's not worth it arguing with someone so stupid. Gold goes to zero you say but feral niggers will rob your for it. What an illogical dumbass you are.

You don't think Venezuelans wish they had put their fiat into gold and silver before the bolivar collapsed?

And no.... gold doesn't go to zero when your Jew dollar collapses. It'll probably be as simple as a revaluation of gold to purge all the debt from the system.

What do you think happens when fiat implodes? Everything magically becomes free and farmers wouldn't accept actual real money for food?

As if ....... the ONLY WAY to possibly buy something is with paper dollars.

The fucking Jews have successfully brainswashd our electorate

[Anonymous No.12029504]

>>12029169
Gold still has about 97% of its value from the beginning of this year. I bet the cryptofags wish their imaginary tokens had 97% of the value from January.

[Anonymous No.12029515]

>>12029460
>muh gold standard
Enjoy real second rise of fascism

[Anonymous No.12029516]

>>12029430

No one is going to accept heavy rocks in times of social crisis.

There's absolutely no evidence in modern history to support this doomer-prepper-rockfag fantasy scenario.

All of the countries who fiat FAILED, reverted to the US dollar, not some fucking shiny metal, for every day trade and living expenses.

Jesus, rockfags are worse than VeChink shills.

[Anonymous No.12029532]

>>12029441
Nobody is saying preps are bad. But is there some sort of law that I'm unaware of where if I buy gold I can't also buy guns, food and ammo?

Wtf are you going to do? Put your entire 500k net worth into canned foods and bullets?

[Anonymous No.12029545]

>>12029498
>You don't think Venezuelans wish they had put their fiat into gold and silver before the bolivar collapsed?

Definitely not.

They're probably wishing they had US dollars and Bitcoins right about now - the only two forms of money that matter in this world.

Stay impoverished rockfag, I'm sure your rock collection is one day going to be sold on eBay to some autistic collector for pure novelty.

[Anonymous No.12029548]

>>12029477
Yeah totally.... gold.... savings and money for milennia isn't as safe as lolUStreasures that chinks are currently unloading for more gold

[Anonymous No.12029579]

>>12029516
>all of the countries who fiat FAILED, reverted to the US dollar
So what will the US dollar revert to once it fails?
Why does the US have the largest gold reserve of any country in the world? Why have China, India, Russia been stocking up on gold the last decade? Why has JPMorgan been manipulating and suppressing the price of silver for years?
I guess all of these countries and companies are just fucking retarded, right, way stupider than some neckbeard on 4chan who has 50% of his money in equities at the top of a ponzi scheme and the other 50% of his money in crypto at the bottom of a failed ponzi scheme.

[Anonymous No.12029581]

Gold is a barbarous relic

[Anonymous No.12029594]

>>12029545
So you are saying that ore bolivar collapse..... that it would have been a dumb idea to put their net worth in gold? People fuckinf starving right now who were previously comfy don't wish they had put there bolivars into gold before the collapse?

You realize that you can exchange gold for dollars right?

Now what happens to our wealth when the dollar collapses?

You people are stupid

[Anonymous No.12029612]

>>12029276
>buy bonds
Make money
>buy dividend stocks
Make money
>buy shiny rocks like a boomer retard
They lose their value
B-b-but at least they aren't affected by inflation !! Muh SHTF scenarios ! Buy more rocks goy !

[Anonymous No.12029621]

>>12029581
>>12029581
Debt is what is barbaric. Gold is civilized because gold is savings. Going into debt is what is barbaric. Gold is savings so how can that be a barbaric relic? Which kike govt education center taught you that?

[Anonymous No.12029624]

i hope the jew is right
unironically getting 1000 ETH if it drops to $10
>inb4 stealing at these prices
fuck off, i don't care about fiat OR buttcorn i'm just a dapp addict

[Anonymous No.12029632]

>>12029612
Dollars are debt instruments and not real money. Federal reserve NOTE.

You don't understand what savings is

If you make "money" in fiat.... how are you planning on saving that money you made?

You don't save any? You just put 100% of your wealth in the manipulated ponzi stock market but don't save any of it?

[Anonymous No.12029673]

>>12029612
Also who gives a fuxk about making "money" when the cost of everything else is skyrocketing?

You know the only reason you made "money" in the market is because of 0% manipulated interest rates right? And the cost of everything went up as well right?

You realiZe h see a gold standard you could drive retarded kids to school on a bus and "make it" with your wife at home raising your 3-4 kids.

You understand you are invested in shitcoins because you can't make it anymore unironically because gold doesn't back the dollar anymore.

Under a gold standard prices go DOWN and are CHEAP. So your dollar which equals gold buys you more stuff

[Anonymous No.12029689]

>>12029579
>So what will the US dollar revert to once it fails?

>Once it fails

Yeah, definitely not shiny rocks. Once the framework of the modern world collapses (it won't), the only means of currency and work will be food and water.

[Anonymous No.12029690]

>>12029624
If only they capped ETH supply......

[Anonymous No.12029698]

>>12029612
Gold hasn't lost any value. A gold ounce 900 years ago is still that same ounce of gold today. Doesn't matter if the fucking dollar exists or not

[Anonymous No.12029706]

>>12029594
>You realize that you can exchange gold for dollars right?

They could have exchanged Bolivars for dollars? Why would they need shiny rock as an intermediate?

In fact, Bitcoin would have been a better intermediate so long as you have access to broadband internet.

[Anonymous No.12029712]

>>12029343
Check the jr gold mining stocks in 2024 you moron. Thm is going to put eth to shame.

[Anonymous No.12029717]

>>12029283
>mfw Louis and Matt have singlehandedly killed EOS tx output several times with their botting
>mfw /biz/lets invest their lifesavings into shitcoins without even having the slightest awareness of what is going on with them

[Anonymous No.12029718]

>>12029612

>Muh economic collapse
>Muh asteroid impact
>Muh nuclear war

Lol, goldfags are really just retarded Doomers aren't they?

[Anonymous No.12029730]

>>12029689
So the dollar collapses.... and you think we will revert back to some sort of closed loop barter system exchanging blowjobs for water?

There won't be any basis of value going forward or which a new currency is based on?

And people who aren't prepped with saved food and water will just die and the people who have a few months stash will just love a few months and then die when their shit runs out and then the world ends?

[Anonymous No.12029739]

>>12029376
>>12029419
We are on the Weimar timeline +100 years. 2019 is going to be the beginning of the end. Crypto was a cia scam to make sure they take as many hard money enthusiasts down with them as possible.

[Anonymous No.12029764]

>>12029730
Not to mention why the fuck is China absorbing 2/3 the world’s gold production per year. Those shiny rocks are how they’re going to collapse the American empire.

[Anonymous No.12029779]

>>12029690
the inflation curve trends to negligible fast enough capped supply would bring extra confidence from short-term speculators who can't do math
there's already too many of these people
a drop to below $10 and uncapped supply forever would be the best thing to happen to ethereum
give it a few years for dapps to mature as killer apps independent of the crypto aspect, and have a low enough price newcomers can feel they can fairly join in

[Anonymous No.12029783]

>>12029712
>Check the jr gold mining stocks in 2024 you moron. Thm is going to put eth to shame.

A mining company is a real company that sells a real product to produce real cash flows, when bought for a good price, that is 100% better than owning a piece of shit metal that just sits there.

You are correct.

[Anonymous No.12029795]

>>12029706
Why in the fuck would they be holding dollars living in Venezuela? How fucking stupid are you? Currency collapse happen fast. Your avg citizen isn't going to get a 1 year heads up to make sure they convert their bolivars to dollars before the bolivar collapses.

So people in Venezuela were swimming along just fine 10 years ago before all this came cascading down for them. But if you want to protect it you exchange paper for gold not paper for paper.

And the whole point is you and I should be buying gold is because where the fuck do we go when the dollar collapses like the bolivar.

[Anonymous No.12029799]

How can anyone look at this chart and not realize something terrible is about to happen to the dollar???

[Anonymous No.12029816]

>>12029317
the fact people are willing to sell you gold for dollars isn't reinforcing your argument. They get a useable medium of exchange and you get a lump of metal.

it reminds me of people selling "doomsday prep" shit. They all take credit card, which is kind of weird if doomsday is right around the corner. What faith do they have in their own pitch?

[Anonymous No.12029817]

>>12029783
I don’t have any profits until I sell the stock and buy gold. It’s orders of magnitude riskier than owning gold

[Anonymous No.12029824]

>>12029764
>Those shiny rocks are how they’re going to collapse the American empire.

To collapse America you literally just have to sit back and wait lol.

[Anonymous No.12029828]

>>12029817

Umm, yeah, sitting on cash is also less risky than owning stock.

Are you retarded or just a rockfag Boomer?

[Anonymous No.12029831]

>>12029816
Do you realize the country of China is absorbing 2/3 of the entire planets gold production? Why do you suppose that is????

[Anonymous No.12029833]

>>12028714
DOUBLE DIGIT HAHAHAHAHAHA

In February I told you derps to sell all because this will go SINGLE digit without retrace

[Anonymous No.12029836]

>>12029799
chinese consume a lot of gold, they use it as a gift, it has to do with corruption & the communist party

[Anonymous No.12029840]

>>12029824
Yes but they are going to become America 1929 and hold 90% of the world gold supply.

[Anonymous No.12029849]

>>12029783
Wait wtf? Your simultaneously praising owning gold stocks that extract gold while saying owning gold is stupid?

Invest in the company that's extracting something that's worthless in your mind?

Truly amazing how stupid people like you are.

Also.... your profits in dollars investing in a gold stocks will be worthless when the dollar collapses.

Owning gold is better than gold stocks unless you convert the profits from those gold stocks into gold before it all collapses

[Anonymous No.12029854]

>>12029836
No. They’re going to back the yuan with gold in 2029. We are on the Weimar timeline +100 years except USA is Germany and China is USA

[Anonymous No.12029894]

>>12029849

Owning a stock in a company is superior to owning a piece of shit, Mr. Boomer.

[Anonymous No.12029895]

>>12029816
>>12029816
Dude everyone sells something. People sell subway sandwiches, stocks, aprons, refrigerators, and dogs. And guess what? People sell gold too! We live under a fiat system where we are forced to pay in dollars.

Just because someone is selling gold doesn't mean it isn't a real asset.

When you buy gold you aren't really buying it.... all you are doing is transferring your net worth from worthless paper into a real store it value. That's all you are doing you are becoming your own bank

[Anonymous No.12029913]

>>12029425

What make you think the electricity is going to be on to move your shitcoins nigger

[Anonymous No.12029918]

>>12029894
You don't buy gold for the same reason you buy a stock. Nobody is saying don't invest but buying gold isn't investing. Buying gold is making you your own bank

[Anonymous No.12029927]

>>12029913

Both Bitcoin and Gold will be worthless in these Doomer scenarios.

[Anonymous No.12029933]

>>12029779
>Supply and demand law has a minimum to no effect to ETH value
NO FUCKING SHIT

[Anonymous No.12029935]

Why do the Russians have the same idea as the Chinese? Why aren’t they buying shitcoins?

[Anonymous No.12029941]

>>12029836
Gold isn't corrupt. Gold is savings. You think china is a absorbing 2/3 of the gold supply because of people buying trinkets? Lol

[Anonymous No.12029953]

>>12029927
When has gold ever been worthless? You think if the USD dies gold will become worthless? Lol.

Dude do even understand that it was gold that gave value to the dollar?

If banks started issuing dollars not backed by gold a couple hundred years ago Americans would have laughed and told them to fuck off

[Anonymous No.12029960]

>>12029831
so they can be the lords of the bling?

who cares. Let them have all the shiny rocks.

>>12029895
Yes I understand the system of buying and selling. I'm just puzzled why anyone would sell gold for worthless paper if they really believed the future is shiny metal.

[Anonymous No.12030011]

>>12029960
Again... use your head and THINK...

When you start a coin shop business buying and selling gold and silver guess what you need to have? You need to have lots of gold and silver to buy and sell!

So you own a coin shop and you have at any given time.... 100 ounces of gold and 3,000 ounces of silver to sell to the purchasing public.

We all wake up tonorrow morning and the dollars I have been accepting for gold and silver from customers are now worthless because of hyperinflation.

Are you fucked because you sold 30 ounces of gold yesterday from your stores stash? Nope! Because you still have plenty of gold in silver in your vault! So you are sitting pretty!

Moreover if you are an actual coin shop owner you probably have a nice personal stack yourself.

[Anonymous No.12030029]

>>12029960
And we don't pay bills or buy subway sandwiches in gold and silver. Just because you are participating in a fiat system to make income doesn't mean you can't fucjinf have a stash of gold and silver as savings. Jesus Christ you people literally don't know how to think

[Anonymous No.12030047]

>>12030011
take your own advice and think. How many of us are owners of coin shops where this situation is plausible? No, your average goldbug is a dude who works, then trades his dollars to someone else (usually a giant company like JM bullion) for shiny stuff. Throw in cockwads like zerohedge screaming about "MUH ECONOMIC COLLAPSE" for years on end to scare you into buying gold (with tons of convenient ads to buy on their site) and you have a system wherein the dumb are fleeced of their actually valuable CASH.

[Anonymous No.12030066]

>>12028745
It is for me
Bear Bliss™

[Anonymous No.12030092]

>>12028765
ethereum dev below godot

[Anonymous No.12030111]

>>12030047
>>12030047
You asked me a specific fucking question.... why are people who believe in gold and open a gold shop end up selling the gold that they believe in for fiat that they don't believe in.

And I answered you.... because we are in a fiat system where subway doesn't accept fucking silver for their sandwiches you fucking idiot and people need to make a living by earning more fiat.... including coin shop owners brainlet.

You don't have to be a fucking coin shop owner in order to buy gold tho.

Just because you have to pay for shit in cash doesn't mean that gold isn't valuable you moron. Otherwise coin shops wouldn't fucking exist in the first place you illogical brainlet.

And it's cash that isn't valuable. 100 years ago 20$ was a good weekly salary and 20$ = 1 gold ounce. Fast forward 100 year to today and that 20$ doesn't buy you jack shit but that gold ounce is still worth a good weekly salary

[Anonymous No.12030150]

>>12029632
>how are you planning on saving that money you made?
>buy bonds
>buy dividend stocks
>buy apartments and rent them
>use the extra money for spending
B-b-but you can only save by buying my shiny rock that does absolutely nothing and has a fluctuating value.
Why are metal bugs so retarded ?

[Anonymous No.12030174]

>>12030111
>Otherwise coin shops wouldn't fucking exist in the first place you illogical brainlet.

They exist to take cash from idiots like you. They get cash, you get shiny metal. You are a bagholder.

Enjoy shinymetal for when "SHTF" (which if even if it happens shinymetal will just be taken from your bullet ridden corpse) or to watch it lose value for when you eventually sell it to a greater fool a few years down the road when you need money.

[Anonymous No.12030196]

>>12030150
>>12030150
The value doesn't fluctuate. All that's fluctuating is the dollar when the gold price changes. A gold ounce 900 years ago is still that same gold ounce today. Doesn't matter if the dollar exists or not.

And if gold really dish absolutely nothing why does it cost $1,200 for 1 single ounce? Hmmm

And bonds, stocks, and apartments, are all dollar denominated..... when a fiat crisis hits.... those will all be destroyed in value. And that is precisely the reason buying gold and silver is so important.

You people are literal retards. I'm spoonfeeding you. And you don't know how to use your brains and think l.

[Anonymous No.12030232]

>>12029291
I imagine the ancient Romans said the same things in 200AD

[Anonymous No.12030241]

>>12030174
Every seller of every product being sold today is trying to get your cash you illogical fuckhead.

Gold is a fucking real asset so they are selling you actual tangible physical wealth you fuckhead low IQ dumbass.

Your broker is trying to sell you stocks too you fucking idiot. He's taking your cash too. The subway franchise owner is selling you sandwiches for your cash too.

[Anonymous No.12030270]

>>12030196
>when a fiat crisis hits
>apartments which have real world value as they provide shelter will be worthless
>shiny rocks which have limited electronics usage will keep their inflated value
Pffff ha ha ha ha ha ha ha ha ha
Oh no no no no no

[Anonymous No.12030289]

>>12030241
>stocks generally increase in value
>I can eat a sandwich
>shinymetal just sits there

guess which one is the poorest use of my cash?

[Anonymous No.12030294]

>>12030270
"If the American people ever allow private banks to control the issue of their currency, FIRST BY INFLATION, THEN BUY DEFLATION the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson

[Anonymous No.12030305]

>>12029545
youre a retard

[Anonymous No.12030308]

>>12030289
Why do you think people are buying gold in the first place? You drive by a coin shop and you see someone walking in to buy gold. Are you thinking to yourself.... he might as well throw his cash in the toilet?

[Anonymous No.12030312]

>>12029632
>this
Gold and silver are a good way to ensure your money holds value over time. You are likely to lose about a percent of you’re saving value every year due to inflation. Gold is a hedge against this.

[Anonymous No.12030316]

>>12030196
>And if gold really dish absolutely nothing why does it cost $1,200 for 1 single ounce?

the fact you have to fall back on assigning a dollar value to your shinymetal only reinforces the point you cannot assign valuation to it apart from the dollar, kind of negating the whole idea it is a standalone store of value.

[Anonymous No.12030326]

>>12030196
>And if gold really dish absolutely nothing why does it cost $1,200 for 1 single ounce
It's called scarcity and symbol of status, you absolute nigger moeky retard. Jesus christ you are dumb. Tell me what gold does other than look good whicj justifies it's inflated price.

[Anonymous No.12030338]

>>12030308
>Why do you think people are buying gold in the first place? You drive by a coin shop and you see someone walking in to buy gold. Are you thinking to yourself.... he might as well throw his cash in the toilet?
I think to myself he is getting ripped off. He should put his cash (assuming he has adequate savings) into things that will appreciate in value. Gold historically does not do this. The only winner is the one selling him shinymetal.

[Anonymous No.12030384]

>>12030326
>Tell me what gold does other than look good whicj justifies it's inflated price.

>unit of account
>medium of exchange
>store of value (unlike FIAT)

[Anonymous No.12030394]

>>12030338
But things can't just constantly appreciate in value forever, right?

What if I put all my net worth into the dow right now? And it collapses 30%. That means I'm losing right?

You understand that there's a difference between savings and investments right?

Nobody is saying don't invest SOME of your money but you are literally saying savings is bad.

If I earned 50$ in 1964 that 50$ went a lot further than it does today. So I earned 50$ 60 years ago and took that 50$ and put it under my pillow and held it there for 60 years. And today I can't buy nearly as much with that 50$ as I could 60 years ago...

My question to you is what the fuck happened to my purchasing power? I understand I could have invested that 50$ but I didn't want to risk losing it in some stock since I worked hard for that 50$. But had I just held that 50$ in cash I can't buy nearly as much today as I could when I earned it 60 years ago.

So what happened?

[Anonymous No.12030408]

>>12030338
You're worried about accumulating dollars. 7% returns in the stock market to turn your 100k stack into 107k this time next year. His point is your 107k stack will be worthless if/when a currency hyperinflation hits. Why don't you understand this?
Here's a metaphor. Bitcoin is like gold. Any shitcoin is like the dollar. Gold is the base of the pair. You're swing trading stinky linkies right now trying to increase your stack from 5k to 10k links. Meanwhile the btc value of your stinky links might crash so that even though you've doubled your stack, you have almost no bitcoin value.
Your dollar shitcoin might someday pull a bitconnect and get joosted. In which case you will be hoping you had gold instead of more dollars.

[Anonymous No.12030451]

>>12030394
>But things can't just constantly appreciate in value forever, right?
>What if I put all my net worth into the dow right now? And it collapses 30%. That means I'm losing right?
>You understand that there's a difference between savings and investments right?

See pic related. Despite temporary dips it is on a continual upward trend. Also you get dividends and stocks are relatively liquid which is nice.

As for inflation you think gold is immune to this as well? Inflation was a thing prior to 1913 you know.

[Anonymous No.12030480]

>>12030408
>will be worthless if/when a currency hyperinflation hits
>Your dollar shitcoin might someday pull a bitconnect and get joosted

the fact your shinymetal needs total economic collapse to be relevant isn't the best case for advocating it has intrinsic value.

FWIW I hold 0BTC and 0LINK. Wouldn't touch either.

[Anonymous No.12030482]

>>12030408
Thank you. It's amazing that he can't even understand what I'm saying. And the irOnic part is he's probably invested in crypto because he realizes the dollar sucks. While not realIzng the dollar is fucked and he's investing in shitcoins because gold doesn't back the dollar anymore.

I love making these posts not just to educate...... but it is truly fascinating how brainwashed people have become.

[Anonymous No.12030547]

>>12030451
>>12030451
Yeah inflation is still a thing despite central bank Jew fuckery but free market inflation is a good natural thing... whereas inflation controlled my man (Jew) is a bad thing. Gold was 20$/oz in the year 1800 and was still 20$/oz in 1900..... but today it's $1,200.

Also... while the stock market is much higher.... people are poorer. Under a gold standard we had a robust middle class in the 50's while today with a much higher stock market the middle class is all but gone.

If you think overinflated stock values is a indicator of the health of a country you are nuts. We've had near zero manipulated interest rates for 15 years now. And that Thomas Jefferson quote above is describing exactly what is happening today in real time when you have a central bank overinflatinf everything while making everyone poorer.

[Anonymous No.12030557]

>>12030547
Also.... Venezuela's stock market has been at record highs while people are in the streets starving

[Anonymous No.12030591]

>>12030480
You're still not getting it. Total economic collapse is the ONLY scenario/situation where gold is relevant. This is why people say gold is a hedge against the dollar and not an investment. Once again, gold is a hedge not an investment. No one has 100% of their portfolio in gold expecting a 7% return per year like with the stock market. They're not the same.

If currency inflation occurs, your 2 million dollar equity portfolio will be worthless because 2 million dollars under hyperinflation won't buy you a car, let alone several houses like it would now.

Reread my metaphor about shitcoins and understand. Your portfolio might go up in dollars, but will go down in worth when inflation hits. That's why you have some gold to hedge.

[Anonymous No.12030599]

>>12030480
No this is stupid dude. Yes you'll make out like a bandit in a currency crisis if you own gold and silver. But it's still relevant now because your value is being stored.

60 years ago a gallon of gas was 10cents or 1 silver dime. If you earned 10 cents 60 years ago and held that silver dime until today you can still buy a gallon of gas with it because the fiat value of 1 silver dime is about $2.80.

Your value was stored for 60 years in that silver dime whereas if you saved a post 1964 non silver dime that you earned until today you can only buy 1/28th if a gallon of gas

See how that works?

[Anonymous No.12030618]

>>12030547
there it is, scratch a goldbug, find a /pol/ack.

>people are poorer.

yeah i know, I passed by some orphans rooting through trash like ye good olde days on the way to the shoppe today. Oh wait no I didn't because people are less poor compared to Jeffersons day.

Protip: at the end of the day outside of food and shelter NOTHING has intrinsic value and it's all make believe. Dollars, shinymetal, buttcoins, clamshells, cacao seeds; all are equally intrinsically worthless. It's just in the current version of reality we inhabit green pieces of paper are king. it is what it is. Why fight it? And what difference does it make which imaginary unit of exchange is king? lolbertardians are so obsessed with how things "should" be they are incapable of understanding it is how things ARE that dictates reality.

[Anonymous No.12030726]

>>12030591
>If currency inflation occurs, your 2 million dollar equity portfolio will be worthless because 2 million dollars under hyperinflation won't buy you a car, let alone several houses like it would now.

So how far does your cool three ounces of gold get you?

Yeha if you have 15lbs of the stuff you're probably sitting pretty in any possible situation since you're obviously already wealthy, but lets be honest, your average goldbug is a working class guy who isn't likely to have much.

[Anonymous No.12030778]

>>12030618
If that's true then explain how 60 years ago a man had to work a week in order to buy 1 gold ounce. Today a man also has to work a week in order to buy 1 gold ounce. Yet nowadays a man makes much more dollars in a week than he made dollars back then?
If the economic value behind 1 gold ounce was preserved, would that not mean that gold preserved its value?

Think of it this way. It's not that gold has gone up on dollar value. Gold has stayed the same, and the dollar has diminished

[Anonymous No.12030821]

>>12030778
Bingo!

In 1964 min wage was $1.25 and gold was 35$/oz... so a min wage earner had to work for only a week to purchase an ounce of gold back then.

Today min wage is like 9$ and gold is at $1,200 so it takes a min wage earner an entire month to purchase that same ounce of gold that it took a min wage earner a week to purchase 60 years ago.

You know what you never heard under a gold standard? The term "income inequality."

[Anonymous No.12030824]

>>12030726
3 gold ounces will be fare better than keeping 3 gold ounces current worth in dollars. And it will fare much better than if you had put 3 gold ounces current worth (about 3600 dollars) into the stock market.

It's hard to say how far it will get you but if the current dollar price of 1 Oz of gold is 1200 then gold could easily be reevaluated to 5x as much, or more. You won't get a 500% return in the stock market anytime soon, can your portfolio handle a 80% retracement?

[Anonymous No.12030834]

>>12030618
Do you think it's jut a coincidence that 60 years ago under a gold standard the term "income inequality" wasnt even a thing..... yet today after being off the gold standard for 50 years "income inequality" is a top 3 national issue.

[Anonymous No.12030871]

>>12030834
>60 years ago under a gold standard the term "income inequality" wasnt even a thing

Are you seriously claiming sharecroppers had the same quality of life as Vanderbilts?

[Anonymous No.12030872]

>>12030618
And I didn't say Jefferson's day I said the 1950's.

You can't compare today to Jefferson's day because the country was just being born. But Jefferson pointed out exactly what is happening today if we let a central bank control issuance of our currency. Poorer people.

I mean fuck..... in the 1950's you could have 5-6 kids easy under 1 parent working... didn't matter what your job was.

Today two parents working professional jobs can barely have 1 kid

[Anonymous No.12030903]

>>12030871
A min wage earner was markedly better off in the early 60's than a min wage earner is today. That's because we went off a gold standard

[Anonymous No.12030935]

>>12028745
yeah. also seeing a lot of btc maximalist euphoria. they really believe alts are dead forever.

[Anonymous No.12031126]

>SHTF
>smart money flees the country with a mnemonic wallet worth millions in their head
>boomer retards flee the country with their kgs of gold... oh no they literally can't and will lose a big chunk of it

By the way based on a true story, I know people that literally had to throw kilos of gold away fleeing from communists, and got the rest of it confiscated.

[Anonymous No.12031145]

>>12029180
Peter Schiff went and confronted a large crowd of people who wanted to kill people like him during occupy wallstreet and stayed for hours talking to them, even when some got extremely heated.

[Anonymous No.12031384]

>>12030451
So much this, if you had invested in the peak of the market in 1930, you would break even around 1955.

[Anonymous No.12031472]

>>12028714
Nothing about that tweet is intelligent.

[Anonymous No.12031480]

>>12031472
He's not wrong, it easily could.

[Anonymous No.12031653]

>>12028714
so i will finally afford a cheap masternode
good

[Anonymous No.12031768]

>>12028714
People who say the bottom could go down another 90% are the same people who said it could 9x when it was at its ATH

[Anonymous No.12032057]

>putting your money into something created by child and animal rapists

[Anonymous No.12032174]

Why would anyone invest in Ethereum when Dero is going to release private smart contracts by the end of this month?

Ethereum is to Atari what Dero is to Nintendo.

[Anonymous No.12032262]

>>12031768

Are you MSM?
Who the fuck are people that say stuff ?

About the gold, apocalypse and all that: gold will detach from USD and be backed by YUAN. This whole thread and not a single time was YUAN mentioned.

The current economic war between the US and CHINA is what you get when you don't want WW3 to look like WW2. THERE are tens of proxy wars going on right now but no WW3. If the financial war won't suffice expect shit to start exploding.

Either way the rich are getting richer every day and the powerful more powerful. This is just about who will run the show in 20 years from now and the US is losing. Yes the US army is the strongest but not for long. China has grabbed the US by the pussy anyway: they control the US economy. No one thought for a second when China became the producer of EVERYTHING in the world huh? Jesus fuck take a trip to Schenzen and see what a going on.

[Anonymous No.12032329]

>Ether, the token currency of the Ethereum Platform
>not being used to fund computation on the Ethereum Virtual Machine
>being used instead as speculative investment on some chink exchange
>nobody using Ethereum for what it's actually meant for
>barley any real Ethereum projects exist

Ethereum is a fucking mess. What do you expect from some hacked together half baked ideas from a 23 year old autist who stole ideas from Ripple Labs when he couldn't work for them?

[Anonymous No.12032566]

>>12028785
You realize he’s in the top 1% of the 1% right? Guy is loaded.

[Anonymous No.12032581]

>>12029253
Topkek

[Anonymous No.12032584]

>>12032566
You realize his business is selling an asset that would be displaced by crypto right?

[Anonymous No.12032608]

>>12028954
this

[Anonymous No.12032622]

I am going balls deep when it hits $0.009.

[Anonymous No.12032723]

>>12029376
Bitcoin has all the properties of gold but better. The fact you can’t see this shows you don’t understand the properties of money. I’m 80% bitcoin 20% gold because I’m not retarded.

[Anonymous No.12032823]

I feel so fucking sorry for shitcoiners. I mean they are fucking unbearable thinking anyone with money actually wants worthless, easily manipulated 1's and 0's, but I feel sorry for them, just as I feel sorry for the cab drivers in NY who are killing themselves over the Medallion-crash or families who buy 100 % overpriced homes not understanding that current home prices are inflated because of years of negative interest rates. I feel sorry for these fools. They are getting crushed again and again and just can't avoid getting fucked over by scamsters.

[Anonymous No.12032836]

>>12028954
>Let's not kid ourselves, ETH is the only cryptocurrency technology that has any chance of being developed into something useful, beyond Bitcoin's limitations.

getta load of this retarded nigger! lmao! it's a shit coin with autistic functions, can't scale, costs too much to use and has the most autistic language ever. fuck solidity you short sighted idiot. why learn that bullshit? fucken pleb

[Anonymous No.12032934]

>>12029161
Lol he's worth way more than that, yet he wears the same 4 shirts in rotation.

[Anonymous No.12032970]

>>12028785
peter has been shitting on bitcoin since it was 100 dollars.

[Anonymous No.12033036]

>>12029217
>Ug have rock
>Rock strong
>Ug hold rock forever
>Why Ug hold rock if never sell?
>Ug dunno

[Anonymous No.12033094]

if eth goes back to under $50 i might think about buying a cheeky stack

[Anonymous No.12033121]

>>12029283
>freezes ur shitcoins
nothin personnel kid

[Anonymous No.12034453]

>>12030270
I'm not the guy you're arguing with, but surely you must realize that in the event of a fiat crisis, most apartments would likely become hotbeds for cholera within a month, right? And on the gold front... have you met women? Gold's conductive properties aren't the source of the inflated value. They'll all still want to be the top bitch even if they can't quantify that status in USD anymore.

[Anonymous No.12034576]

>>12030557

On an inflation adjusted basis? I'm surprised there are even any functioning private companies left to invest in.

[Anonymous No.12034589]

anybody that thinks ethereum is going to disappear probably thinks bitcoin is a shitcoin about to get replaced by some random alt. i.e. your average late adopter. theres a reason why it took you 10 years to get into crypto.

[Anonymous No.12034601]

>>12031145

Yeah. You can't call the guy a pussy, even if you disagree with him you have to give him credit for actually standing behind his principles.

[Anonymous No.12034693]

>>12028714
I'm so sorry, naster. So fucking sorry, sir. I was weak and believed blockchain virgins. I bow in pain. My Valcambi card has saved me. Oh so delightful Valcambi card, master.

[Anonymous No.12034746]

damn I've been trying to catch the bottom since eth was $400, lost 25%, better than straight holding though.

[Anonymous No.12034763]

>>12034746
I straight holdled. Through 300 to 1400 to 300 to 90. My pain is so much to endure

[Anonymous No.12034776]

should i be worried about using deribit?
they added 10 btc to their """insurance fund""" of 40 btc total
they seemed a little more professional than bitmex