/biz/ - Business & Finance

[Anonymous No.18775239]

lol

[Anonymous No.18775251]

2023 $1000

[Anonymous No.18775261]

>>18775239
KEK WHAT A BITCH

[Anonymous No.18775266]

literal who

[Anonymous No.18775271]

>>18775239
Who the fuck is he

[Anonymous No.18775284]

>>18775271
a jew who manipulates retards in to buying shiny rocks by telling them that everything will collapse and shiet

[Anonymous No.18775292]

>>18775239
He's been salty because it threatens his boomer gold business. There's a place for gold but millennials and the younger generations are looking toward crypto, not gold. The winds of change are blowing and Peter is digging his heels in.

[Anonymous No.18775317]

>>18775239
>central bank prints an extra $6t dollars and helicopters money to people
>gold rises 1.2%
this fact beats the fuck out of rock fags

[Anonymous No.18775341]

not my magicrockarinos

[Anonymous No.18775349]

>>18775292
Young people look at crypto because they think it will make them rich and not have to work. Millennials and progressives will destroy crypto with their feelings.

Gold and Monero remain fungible.

[Anonymous No.18775352]

>>18775292
this

[Anonymous No.18775654]

>>18775239
Dumb fucking kid who made this...doesn't realize he actually proved the point that gold is a store of value.....*literally* kept its value over that time!
I know many many people who have held gold over that time and may not even sell it, just hand it to the kids and grandkids upon death, no tax man to worry about, whereas there are literally only a dozen or more people who still hold bitcoin since then and they are MANIPULATING THE PRICE EVERY FUCKING DAY ON YOUR CRYPTURDS ASSES.
tl;dr Poor cryptofags seething at smarter old men.

[fuckjannies No.18775683]

>>18775654
>what is inflation

[Anonymous No.18775695]

>>18775654
Pic face looks like a female bogdanoff.

[Anonymous No.18775725]

>>18775349
Doesn't matter. He's salty that less people are interested in his gold bags.

[Anonymous No.18775732]

LOL le 57-year old Doomer rock merchant

[Anonymous No.18775733]

>>18775654
>store of value
>doesn't even keep up with inflation

[Anonymous No.18775753]

>>18775654
>*literally* kept its value over that time!
Holy shit nigger if it kept its value in DOLLARS then it failed as a store of value. Dollars don’t buy what they did in 2012

[Anonymous No.18775794]

>>18775239
2012 looks like brandon iron kek

[Anonymous No.18775795]

>>18775292
He also bought gold right before a price run up and now he wants to cargo cult another bull run.

(((The Fed))) is going to keep blasting the economy with MMT and the gold standard is not coming back.

[Anonymous No.18775878]

>>18775239

I followed Peter Schiff for ten years; only recently began looking into cryptocurrency, because I always believed him that it was a bubble and a scam. I am still 95% in precious metals, but I put a small amount of my net worth into Bitcoin recently (only a few percent) because, given the present state of the economy, seeing it go up 16% in one day while gold does absolutely nothing is simply too depressing to see. I am starting to think that Schiff was wrong about crypto, just as he was wrong when he told people to buy silver at $30 or his company Euro Pacific Capital lost massive amounts of money for its clients after the 2008 collapse. I'll always appreciate him for everything he taught me about economics, but I am at a crossroads now; I know that gold will go up, but I don't want to miss out on Bitcoin if it really is going to be the next system of money. It would pain me unbearably to see teenage idiots becoming billionaires again while I'm nursing a mere $2000 or $3000 or even $5000 gold. Is 3% of my net-worth in Bitcoin a good hedge, or should I put more in?

[Anonymous No.18776052]

>>18775239

[Anonymous No.18776077]

>>18776052
zoom out zoomer

[Anonymous No.18776101]

>>18775683
>>18775733
>>18775753
see
>>18776052

[Anonymous No.18776177]

>>18775878
Whatever money you do not need now It’d suggest to put into bitcoin

[Anonymous No.18776193]

>>18776077
Can't appreciate a good halving?

[Anonymous No.18776194]

>>18775654
kek at this fucking pic

[Anonymous No.18776202]

>>18776052
oof

[Anonymous No.18776239]

>>18775878
What is gold going to get you exactly? It's only going to moon if the whole Jewish banking cartel system implodes. At which case gold will go up, but there will be mass starvation and completely collapse at that point anyway. You will literally be the richest poorfag yet starving all the same. Atleast with crypto you have the potential to make it in a functioning society where you can spend said money to further your standard of living.

The banking cartels will not let gold go up because it makes their fiat system look flawed and about to collapse (it is). They will continue to brrrrr paper and buy cryptos with worthless paper until they crash their own system but are already in positions to make it in the system that will rise from the ashes (crypto).

Pretty much never take money advice from boomers. They could have literally bought anything in their youth and made it. We live in different times.

[Anonymous No.18776350]

>>18776239

Crypto is fucking shit. Nobody uses it as money, it is just speculators liquidating eachother over and over. Why the FUCK would you store wealth in such a clusterfuck where your net worth goes up and down by several multiples every week?

Gold is a hedge against inflation and also is the de facto hedge throughout all of human civilization. If you have gold holdings you can sit happy knowing they wont pump and dump by 60% in a single day like shitcoins do. Shitcoins are LIABILITY - there is so much risk in owning shitcoins, you have to trust dev teams not to exit scam, for whales not to dump, for exchnages not to exit scam, for there to be enough liquidity to even sell your shitcoins in the first place - meanwhile with gold there is Z E R O L I A B I L I T Y.

You need to get out of the mindset that people horde gold as if its a 100x moonshoot shitcoin gamble, they DO NOT.

[Anonymous No.18776386]

>>18776177

Right now I have half my money in cash, 48% in precious metals and 2% in Bitcoin. I'm afraid to buy any more Bitcoin in case we have another stock market crash and Bitcoin goes down. On the other hand, I know that I have to spend my cash at some point before it becomes worthless. I am in a state of great indecision at the moment.

>>18776239

I have a strong attachment to Peter Schiff, because he is the one who taught me about Austrian economics and the world's monetary system. I was heavily interested in Ron Paul and that whole movement in 2008, and I was highly impressed to see Schiff debating with mainstream people on television about the housing crash and turning out to be entirely right about it. That is why I took his opinion seriously, and still do take it seriously about cryptocurrency. The only reason why I am changing my mind about the matter now is that the present conditions we have ought to be perfect for gold, and yet it is doing nothing. I feel as if I have missed out on one of the most important phenomenons in history by sitting in gold, and that it is already too late for me to get in. I am afraid on one hand that, if I buy any more Bitcoin, the price may just crash down; on the other hand, I am afraid that it will just keep going up if I don't.

[Anonymous No.18776401]

>>18775292
>He's been salty because it threatens his boomer gold business
Buttcoins literally died in 2018, get over yourself. It's never rising above the last figure, ever. It's just another fiat except it's faith that no one controls >50% of the miners.

[Anonymous No.18776465]

>>18776350

Some people argue that Amazon and other big tech companies had the same volatile swings which you see in Bitcoin in their early stages, before widespread adoption. Perhaps in the short term Bitcoin is full of speculators, but eventually I don't see how it can lose. Even gold crashed down by almost half from 2011 onwards. Gold is so frustrating. GoldMoney was supposed to be a digital version of gold, but it turned out to be an absolute disaster. As somebody who never bought cryptocurrency before now, I am so impressed by how efficient it is. To be able to buy and sell at any time, including at night and on weekends; not to have to pay enormous premiums to bullion-dealers; to send it to others for free almost instantaneously; to know that no government or bank can confiscate it from me; to have anonymity--I really am starting to see the appeal now.

[Anonymous No.18776474]

>>18775239
————BTCh coin Au

2017 $19000 $1170
2020 $8000 $1730

-$11000 +$560

[Anonymous No.18776597]

>>18775271
>>18775266

Lurk more faggot

[Anonymous No.18777367]

>>18776465
>To have anonymity
How? Most platforms ask for several forms of ID and verification before they allow you to do anything nowadays.

[Anonymous No.18777405]

>>18775683
my dick

[Anonymous No.18777412]

>>18777367

I know too little about cryptocurrency to answer this accurately, but criminals must be using crypto for a reason; they certainly don't use GoldMoney.

Gold and silver suddenly crashing down right now. Silver down 3%.

[Anonymous No.18777507]

>>18775239
And yet he still finds people who willingly part with their money just so he can lose it for them and bank the fees for doing so.
His kikery is magical.

[Anonymous No.18777620]

>>18775654
>*literally* kept its value over that time!
This is factually true:
>one ounce of gold is still once ounce of gold
>one dollar is still one dollar
>one bitcoin is still one bitcoin
and it will most likely remain that way.
Potential trade value is all that matters, and this is everything but set in stone.

[Anonymous No.18777681]

>>18775878
Nice LARP, very good effort.
>It would pain me unbearably to see teenage idiots becoming billionaires again while I'm nursing a mere $2000 or $3000 or even $5000 gold.
Try $200-$500 per ounce.

[Anonymous No.18777710]

>>18775239
His smile and optimism status:
Gone

[Anonymous No.18777720]

>>18775271
some jew faggot.

[Anonymous No.18777721]

>>18776350
Calm down, Peter.

[Anonymous No.18777785]

>>18776386
>Right now I have half my money in cash, 48% in precious metals and 2% in Bitcoin.
THIS MEANS SHIT
YOU DON'T HAVE MONEY IN ANYTHING ONCE YOU HOLD IT
It's meaningless to say "if I found a trading partner like that last dude just recently for all my stuff at once I would have gotten X amount of Dollars for it"
STOP THIS NONSENSE
IT'LL BITE YOU IN THE ASS ONE DAY
How many ounces and how many bitcoins?
And how many rental properties?

[Anonymous No.18777845]

>>18777785
Precious metals and bitcoin are both money.

[Anonymous No.18777871]

>>18776386
>and I was highly impressed to see Schiff debating with mainstream people on television about the housing crash and turning out to be entirely right about it.
Fuck Peter Schiff and
>muh I WAS RIGHT ABOUT THE HOUSING CRASH
Yeah, he was right about the housing crash until he wasn't.
Time has proven him wrong sooner than TV station could have booted him off the air.
Looking back, the "housing crash" lasted for mere minutes. You had to be lightning quick to capitalize from it.
There is no being right about muh housing crash anymore as it has literally been fucking erased from reality.
Pic so very related.

[Anonymous No.18777952]

>>18777845
>Precious metals and bitcoin are both money.
They are NOT you colossal dunce.
One ounce of gold is one ounce of gold as per periodic table of elements.
One bitcoin is one bitcoin as per ones and zeros.
Without a trading partner and without you relinquishing ownership of them in a trade they ARE NEVER MONEY. Not at one point in time.

[Anonymous No.18778045]

>>18777952
Your dumb Gold and Silver have always and will always be money.

Bitcoin is indisputably a form of money.

[Anonymous No.18778251]

>>18778045
Well, of course, you are free to state your factually incorrect assumptions repeatedly.
However they won't become any less untrue while doing so.
In the meantime,
>one ounce of gold will remain a specific and fixed amount of elements on the periodic table
>one bitcoin will remain a specific combination of 1 and 0
If you'll find trading partners in the future who are willing to exchange legal tender for your elements of sets of 1s and 0s is NOT a guarantee.

[Anonymous No.18778703]

>>18775266
the 1%

[Anonymous No.18778808]

>>18777871

He was right about the housing crash, the stock market crash, the Fed not being able to raise rates. If you try to deny those things to him, which are very significant, you are simply not being honest. The problem for me is that I thought the crypto people Schiff was debating with were like the Art Laffers of the world who ended up looking like absolute fools, whereas I am the fool who missed out.

[Anonymous No.18778896]

>>18777871

Peter Schiff is okay, but Jim Rickards is a much more refined and intelligent promoter of gold.

https://www.youtube.com/watch?v=I4xpZm7JlqU

[Anonymous No.18779089]

>>18778896

Rickards has been calling, falsely, for $5000 gold for years as I recall; no different from Schiff.

[Anonymous No.18779267]

>>18776052
is this what cryptofags mean by halvening?

[Anonymous No.18779426]

>>18779089

Did you watch the video?

[Anonymous No.18779588]

>>18776465
There will be no widespread adoption in Bitcoin because Bitcoin does not scale. This was confirmed 2 years ago when it approached 20k and transaction times and fees became so ridiculous to the point it was unusable.

[Anonymous No.18779596]

>>18776350
>several multiples every week
see

Imagine the number of traders alone that will attract.

[Anonymous No.18779856]

>>18779267
Haha yeah what a bunch of losers

[Anonymous No.18779948]

>>18778896

Yep, Rickards is much more low-profile than Schiff, but he's got a much more grounded and well reasoned assessment of things generally.

He's the same kind of animal though, at the end of the day: a self-promoting salesman selling his product. It doesn't mean everything he says is wrong (and he's more on-point than Schiff), but he's usually not saying much new publicly and is just milking his audience with his latest book or newsletter.

[Anonymous No.18780266]

>>18776101
Not the point dipshit - the proposition is "gold is a store of value" meanwhile you're no better off with gold than if you held dollars over the life of bitcoin, and dollars sure as shit did not hold their value. Also Schiff was saying BTC is going to zero back when people were still buying them off of Gox, he's still saying it, hes wrong and also a jew.

[Anonymous No.18780414]

>>18775317
>1%
Then why is my gold up 30% this year alone?
They can delay and manipulate all they want but the truth is ultimately unavoidable.
The dollar is dead and needs replacing. Neither shitcoins nor PMs are suitable for this.