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17884665 No.17884665 [Reply] [Original]

>> No.17884696

>>17884665
Didn’t both gold and silver dump?

>> No.17884987

>>17884696
Sure, that's when you try to buy it it's sold out everywhere.
>1+1= potato!

>> No.17885063

>>17884696
Tell me when QE will be stopped? Tell me that interest rates are not zero?

>> No.17885206

>>17884696
in his Sunday show, he speculated, that based on the 2008 crash, Gold could drop 10-20% more, he argued that -10% was more likely because of the initial price of gold where the market began to tank, versus the 2008 price level prior to crash.

In Short, Peter believes that gold will drop more (10-20%) before we reach the bottom. From there he think it will rise.
Which begs the question, what has the nigger been doing all these years? anticipating a collapse and investing heavily into something that will drop significantly.. why not just store fiat?

>> No.17885539

>>17885206
This

>> No.17885658

>>17885206
I doubt we will see much more of a drop. The market has been through this snd knows what the end game is already.

>> No.17885757

>>17885658
gold has been falling with the stock market, next time (there will be a next time) the stock market limit down, gold will also drop.
The bottom for gold may not be the same as for the stock market, so if the stock market at one point limit down and gold is up, then i intend to buy gold.. but until then, i see no reason to buy into a falling market, on the anticipation of a reversal.

>> No.17885845 [DELETED] 

>>17885206
You know how you used to be able to buy a loaf of bread for a nickel?

>> No.17886091

>>17885206
You dumb fuck how fucking dumb are you seriously?
He has been accumulating gold and silver all these times on top of that he has been accumulating gold and silver mining stocks for pennies on the dollar.
You don't market buy with a 100 million dollar retard.

>> No.17886192

>>17884665
peter schiff is the posterboy for inherited wealth who wrongly attributes it to his skills of which none actually exist. his fund management firm is a disaster so all he does is ramble nonstob trying to shill you products of his other precious metal firm.

>> No.17886320

>>17886091
You dumb fuck how fucking dumb are you seriously?
He has been accumulating Airline stocks all these times on top of that he has been accumulating Boeing stocks for pennies on the dollar.
You don't market buy with a 100 million dollar retard.

>> No.17886556

>>17886192
Having the n1 rated by Morningstar gold fund sure is a disaster.

Besides, he has acknowledged that the initial phase of collapse can either be deflationary or inflationary, and he just doesn't want to chase the market. The current market is deflationary, but that is rapidly turning around, gold and gold miners are up today for example.

>> No.17886928
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17886928

>> No.17887012

>>17886091

Holy America your post is retarded

>> No.17887034

>>17886556
>charging money for funds that get outperformed by broad indizes that basically cost nothing and only bear a fraction of the risk
what does a rating matter with that being true?

peter schiff is just some armchair wannabe enabled by inherited wealth. he clearly lacks education in the field judging by all the dishonest and uninformed statements he makes. he is just a clown shilling his business nonstop. everything he says is purely marketing and has nothing to do with sound information. i pity the fools who look up to this goof

>> No.17887425

>>17885063
Tell me why any of that matters in relation to buying goods and services?

>> No.17887830

>>17887034
If it wasn't for his podcast I wouldn't have bought gold at all, and be even worse positioned. Thankfully physical gold does not follow the nonsense valuation of paper gold, and is only up recently.

I get that you dislike him because he really disapproves of bitcoin and riffs on them constantly, but that doesn't mean he is wrong.

>> No.17887897
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17887897

just paid $90CAD for a single gram of gold
AMA

>> No.17887954

>>17884665
Im short gold

>> No.17888053

>>17887425
in the next five years, you will have to have a wheel barrel of money to buy a loaf of bread.

>> No.17888069

>>17884665
He is.
But not on Bitcoin.

>> No.17888095

>>17887830
as fortunate as that is that you bough gold at a good point and time, this has actually nothing to do with him having anything to say thats worth listening to. what happened us just a coincidence of correlation and nothing systematic.

i dont dislike him because of any of the reasons you mentioned but rather because what he says is not based on anything sophisticated. as i said, no matter what the markets do he will always shill his stuff and find a reason to argue in his favor. count the days he has been right and the days he has been wrong. i bet you its below single digit %. if you follow his advice strictly you would have lost tons of money. you are just tunnel visioning on your anecdotal outcome of buying once because you happen to hear something at the right time. he was saying the same stuff since forever this goof got a voice.

>> No.17888276

>>17885206
You cant buy silver now. Its physically unavailable from almost everyone.
Gold may follow.
The problem with sitting on fiat is that when the crisis is clearly here and the optimal time to buy arrives, you probably cant buy at all.

>> No.17888297

>>17888276
yes you can't buy silver because it's for poor people. i bought 2oz gold total no lineups this week on separate days from a physical store.

>> No.17888307

>>17888276
You can literally get silver eagles on jmbullion rn

>> No.17888328

>>17886091
You dumb fuck how fucking dumb are you seriously?
He has been accumulating Airline stocks all these times on top of that he has been accumulating Boeing stocks for pennies on the dollar.
You don't market buy with a 100 million dollar retard.

>> No.17888354

>>17888276
i dunno where you got the info that you cant buy silver now. no issues here. only thing is that delivery might be delayed

>> No.17888409

>>17888276
at least physical bills will be more valuable than electronic money for longer

>> No.17888423
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17888423

>>17885063
hi Peter

>> No.17888456

>>17888297
My local store is out of gold and i just bought their last roll of ASE.
>>17888307
yes you are correct, i was wrong however the spot price is completely disconnected from ASE price at this point, everywhere. And a 15+ biz day shipping delay means 3 weeks probably. I paid less at my LCS and walked out with it in hand.

>> No.17888460

>>17888276
having paper cash on hand is important to have in the 2020 depression.

>> No.17888466

>>17885206
because you can't actually buy physical rn I gues you didn't get the memo

>> No.17888595

>>17885206
hes currently buying gold and gold stocks on they way down, as most investors who know golds future potential are doing

>> No.17888662

>>17884665
a stuck clock is right twice a day
so are boomers

>> No.17888759

>>17884665
no need to discuss the value of gold anymore, stocks are still a downtrend even after all that shit

>rate cuts to fucking 0 percent
>repo money is increasing each day up to fucking trillions now
>OH BODDY AND JAMAL are getting 1k each, THANKS TRUMP

dear god inflation will be so fucking high

>> No.17888875

>>17888759
>OH BODDY AND JAMAL are getting 1k each, THANKS TRUMP
whenever there's QE ppl say why not give that money to the people, now they do that and it's suddebly deemed bad

>> No.17888946

>>17888875
Don't imply things...

QE or as it is called nowadays "not QE" is as retarded as this shit - this is so fucking short term oriented, but fucking normies will love it..
...in the end it wont matter because ppl wont be able to spend it anway.

you cannot throw money at the virus

>> No.17888966

>>17888875
>whenever there's QE ppl say why not give that money to the people
who the fuck are ppl? the broad consensus amongst actualy humans was that it made sense for the US to bail out banks, both American banks and foreign banks.

>> No.17889221

>>17888966
What? Bankers and media were in consensus, pretty sure the majority of regular ppl wanted banks to go fuck themselves.

>> No.17889281

>>17888966
TARP, QE, bailouts etc while a generation of workers lost a decade of their prime wealth building years (people in the working economy who werent trading and speculating) are the reason why everyone under 35 is either a socialist or a nationalist socialist now.

Fuck the banksters, fuck the fed.

>> No.17889353
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17889353

>>17884665
this old faggot spends entire bull markets calling for a crash and then when it happens he still loses money lmaooooo

>> No.17889385

>>17885206
>why not store fiat
Because gold is way more expensive now than in 2015

>> No.17889439

>>17889353
I bet he's holding more bitcoin then he lets on as well

>> No.17889604

What is it about metals that make you just know it's real money.


https://www.youtube.com/watch?v=84JI-AsOKDY