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/biz/ - Business & Finance

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17653406 No.17653406 [Reply] [Original]

I didn't listen. He was fucking right, and I didn't listen.

>> No.17653510

>>17653406
>Comparing Gold to funny internet money and premined tokens.
Oh boy

>> No.17653514

>>17653406
It's extremely difficult to time these things anon. Peter Schiff is right about the fundamental problems that plague the US economy (Our central banks history of lower interest rates and government intervention in the markets leading to bubbles a la Fannie Mae and Freddie Mac contributing to the 2008 housing bubble) but he has no idea when these bubbles will burst. Frankly I don't blame him because it's almost impossible to predict these crashes with a high level of accuracy.

>> No.17653532

>>17653514
*lowering interest rates

>> No.17653775

>>17653406
Why is silver going down?

>> No.17653827
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17653827

>>17653514
I don't disagree, but he needs to dial back on the certainty with which he makes predictions. He's been dooming since QE started. I'd much rather he focus on the systemic issues so that people can appreciate the long term perspective, rather than doom every single year.

>> No.17653841

>>17653827
sweet mother of christ those fucking milkies

>> No.17653901

>>17653775
Boomer Liquidations to cover other losses + suppression

>> No.17653930

>broken gold merchant clock is right twice a day
Apply yourself biz

>> No.17653994

>>17653406
Schiff is right but for the wrong reasons. There will be a terrible global recession, stocks will plummet, banks will fail, Gold will do good, but the US dollar will do very well too as foriegn money rushes into the dollar.

>> No.17654014
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17654014

>> No.17654032

so silver fag, i am losing money here

>> No.17654319

>>17653406
Schiff wins again.

>> No.17654361

>>17653406
It has now been 100% proven that Shiff was right that bitcoin is absolutely worthless in a real catastrophe.

>> No.17654422

>>17654361
haha you think the catastrophe has begun? There's still 7 hours till the markets open and that's when the catastrophe begins. What your seeing is liquid assets being cashed out to cover margin calls

>> No.17654445

>>17654422
Not even a single actually healthy person is going to die from this fake cold.

>> No.17654483

Read his father's materials before doing saying anything.

His father pointed out the key problems with the way our current system is being run. So much so that a book of his was banned by the US gov under the guise of "fraud". Lol, oh the hipocracy.

He's not wrong about gold generally. The only question is, is how long this current system will continue peacefully. The gov has hedged everywhere they know, so of course by their actions alone we can see that they expect someday for things to become unpeaceful and for the sham to be over.

>> No.17654494

>>17654422
explain to a brainlet like me pls and should i wait or invest in something?

>> No.17654564

>>17653406
Schiff was always the Messiah, he forewarned everyone but nobody listened...

>> No.17654574
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17654574

Hows that bitcoin to a million DCA HODL strategy going reddit? Get fucked idiots I told you to buy metals its not too late, if you think this is the top when the ratio is gold:silver ratio is 1:100 holy fucking shit kek. This is literally the bottom, FED is just selling off their gold stacks to pump the markets and keep them afloat while also suppressing silver. This is literally the bottom for metals, you can still make it but need to buy in ASAP before stocks, crypto and real estate get BTFO’d for decades

>> No.17654640

>>17654494
impossible to say. This is a rare time when the brainlet and the brain are on equal footing due to extreme volatility brought on by a flock of black swans. The chinese market is now back to around the levels they started at before the virus scare and since they're the primary support for bitcoin id expect them to underpin and keep btc relatively stable. Americans are driving the price down now because the doomsday clock rings at 9:30am when NYSE opens and they need money to maintain their options positions otherwise the money markets crash and bring the fiat dream down with them. My advice is watch the 10 min chart and buy btc if it falls below 7400.

>> No.17654991

>>17653994
Unless they do some quantitative easing to prop up the stock market

>> No.17655023

>>17654361
It's still $8k you dumb fucking rube. You can make just as much an argument gold is obsolete as you can Bitcoin.

Who the fuck is going to want to trade gold in a time like this where there is a virus that sticks to surfaces? They are already talking about getting rid of the paper money supply.

BTC would have been perfect solution if it could've scaled. Even not scaling it's still worth what it's at right now.

>> No.17655046

>>17654991
Easing does not translate into actual value or actual economic activity. Only the opposite.

>> No.17655162

>>17653406
he was never right in his life but at least he is consistent

>> No.17655202

>>17654574
Im actually shaking rn.

>> No.17655505
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17655505

>>17653827
SAUCE. NAO.