Peter Schiff laugh thread

[Anonymous No.23904485]

Why are people still listening to this guy who is constantly losing them money

[Anonymous No.23904524]

no one has been cucked harder

[Anonymous No.23904570]

so gold is a store of value and bitcoin is a highly speculative asset that can dump 50% in a day at any moment
k

[Anonymous No.23904594]

>>23904570
>highly speculative asset
actually it's an unironic and shameless fucking ponzi scheme

[Anonymous No.23904604]

I don't understand gold-tards. If the assets moon then you will see increased mining until it returns to mean. You get inflation protection but that's about it.
Really weak stuff.

[Anonymous No.23904609]

>>23904570
>>23904594
hello schiff

[Anonymous No.23904625]

>>23904604
you cant find gold easily, you can find a new shitcoin scam everyday though being shilled on here.

[Anonymous No.23904636]

>>23904485
g-gold's dollar value hasn't changed because IT'S INTRINSIC. INTRINSIC I SAY!! Didn't you learn the INTRINSIC concept when you studied Austrian economics? Value is either INTRINSIC or it's FIAT. It's ECON101. That bitcoin volatility is proof that it's not INTRINSIC like GOLD is.

[Anonymous No.23904647]

>>23904625
>doesnt understand bitcoin

[Anonymous No.23904658]

>>23904604
>You get inflation protection but that's about it.
>Really weak stuff.
tell that to the people in weimar germany

[Anonymous No.23904672]

>>23904485
Sadly because a broken clock is more right than the average investing sheeple.

[Anonymous No.23904688]

>>23904647
I don't need to understand it. It's a pyramid scheme. Be the last retard holding worthless internet currency and you lose. People only buy bitcoin because maybe in the future some retard will exchange more dollars than they paid for it. It has no uses aside from buying drugs and CP on the deep web.

[Anonymous No.23904701]

>>23904570
this
gold is for people who made it and want to keep it. bitcoin is for gamblers who speculate. anybody who denigrates precious metals doesn't understand its fundamental purpose.

[Anonymous No.23904704]

>>23904485
To be fair gold is 1850

[Anonymous No.23904705]

>>23904688
Lmao
Stay poor Schiff

[Anonymous No.23904720]

>>23904524
he is getting cucked every day by btc pa

[Anonymous No.23904732]

>>23904524
wrong. pic rel has.

[Anonymous No.23904741]

>>23904636
>austrian economics
>the complete fairytale asspulls on a bunch of pseudo intelectuals

[Anonymous No.23904746]

>>23904570
bitcoin is just a much better store of value than gold anyone that did proper dca can attest to this

[Anonymous No.23904749]

>>23904485
The only reason I have a lot of gold today is because I invested in bitcoin. Low info high emotion skeptics can get fucked.

[Anonymous No.23904756]

>>23904705
I don't even like Schiff
Good strawman though
I'm sure you'll get rich buying epic internet coins. Like I said, you get into shitcoins, and then you have to avoid being the last retard holding the bag.

[Anonymous No.23904815]

>>23904741
I'm not sure if you're too fucking stupid to get the joke or not, but the bit was that "intrinsic value" is something Schiff just pulled out of his ass to shill gold and has nothing to do with Austrian econ (which he'll quote regarding other stuff). If you're some faggot redditor idc.

[Anonymous No.23904848]

>>23904756
Imagine thinking you're an intellectual for comparing Bitcoin to shitcoins lmao
I bet you also thought Facebook was gonna be worthless because Instagram, Snapchat and WhatsApp exist

[Anonymous No.23904879]

He shills for it as a store of value, not necessarily as an investment. Almost no one here makes enough to even worry about. Everything he's been saying about the dollar is right, it's just that has has vastly underestimated btc. He might be right in the end about it tho
>>23904704
Gold has had a pretty good year.

[Anonymous No.23904893]

>>23904485
>mines away your scarcity
Heh nothin personnel kid

[Anonymous No.23904917]

>>23904848
All virtual currencies are shitcoins, they are backed by nothing and are essentially ponzi schemes. Keep straw-manning and providing no arguments though

[Anonymous No.23904938]

>>23904746
nice way of looking at it

[Anonymous No.23904957]

>>23904485
i bought gold and hasnt moved
if i had bought btc instead i would be up up
fuck this boomer rock scam

[Anonymous No.23904979]

>>23904917
Most so called shitcoins are stock except instead of owning the company you own the product. They fail if their product has no value but a few of these products have lots of value.
The sooner you break your emotional attachment to gold the sooner you’ll be rich.

[Anonymous No.23904984]

>>23904917
gold isn’t backed by anything

it’s a rock

[Anonymous No.23905002]

>>23904979
Shares in a company with workers and actual assets are different to internet virtual funny money, try again.

[Anonymous No.23905058]

>>23904570
let me fix that for you
>gold is a store of cope and bitcoin is a highly lucrative asset that has eclipsed gold far beyond Fuckface Schiff's snivelling and screeching while it went all the way to $9k+
there ya go
now it's true!

[Anonymous No.23905143]

>>23905058
all ponzis eventually end the same way

[Anonymous No.23905267]

>>23905143
>l-look at this scammy website, the internet as a concept is now invalidated!
>i-i received a chain email, look how useless email is!
POWERFUL
now, go take a look at that chart again
if you ask me, it looks a bit more like a graph of your cope as bitcoin has risen in time, finally ending after you've hung yourself and it crashes to nothing because you have felt the sweet release of death
it's a far better comparison than some low iq shit-eater who just mindlessly collects precious metals because retards tell him to

[Anonymous No.23905300]

>>23905267
far better comparison that i've come up with*

[Anonymous No.23905322]

>>23905267
>it's a far better comparison than some low iq shit-eater who just mindlessly collects internet funny money because retards tell him to

[Anonymous No.23905405]

>>23905322
Do you actually think calling Bitcoin internet funny money has any effect or merit or is this really just all cope that you could have been rich but actively decided not to be because a boomer told you that shiny rocks have "intrinsic" value?

At what point would you stop calling Bitcoin a Ponzi? Because after 12 years it's pathetic but after 16 or 20 years it will be borderline clinical retardation

[Anonymous No.23905416]

>>23905322
>doing free editorial work on my sloppy phoneposting because he can't argue with the point i'm making
the final stand of the precious metal fag in his fortress of cope

[Anonymous No.23905458]

>>23904746
>this digital thing backed by nothing created 12 years ago is a better store of value than a precious metal which has been used a currency for over 5 thousands years

friendly reminder to never actually unironically listen to anyone on this website

[Anonymous No.23905583]

>>23905405
LOL I am just shy of a million in crypto, and I let my wife think its just "internet funny money." Thus what we count on is what is certain (salaries, normie investments etc), and I am still free to let it ride rather than sell everything because we "need the money."

When I start cashing in and buy a massive lake house -fuck it, the whole damn lake - she wont admit she was wrong.

[Anonymous No.23905628]

>>23904594
>shameless fucking ponzi scheme
did you describe gold? kek delusional goldbugs

[Anonymous No.23905629]

OH NO NO NO NO

[Anonymous No.23905649]

>>23904688
>I don't need to understand it.
no like, you really do anon.

[Anonymous No.23905682]

I don't mind people having differing opinions on this or that asset. But what I don't like is when it's purely for a self-serving reason.

In a perfect world, there should be a harmony between cryptofags and goldfags. And among normal people, there often is. But then you get the "thought leaders" like Schiff, who FUD crypto simply because they're 100% in precious metals and don't want crypto eating into his market share. Especially when he's liteally a precious metals dealer. Yeah, no conflict of interest there, telling people to ditch crypto and only focus on the rocks that he sells.

It's the exact same situation with the bitcoin maxis, btw. There is zero reason to FUD all altcoins, and most normal people own a mix of both, but the maxis FUD alts because they're 100% in BTC and don't want anything else cutting into the market share.

[Anonymous No.23905795]

>>23904594
every market it's a ponzi scheme
the one's entering first win and dump their bags on newfags

[Anonymous No.23905796]

>>23905405
>>23905416

GOLDEN POSTS

[Anonymous No.23905838]

>>23905795
This, I get really tired of the "muh greater fool" shit. The people who use that term for crypto don't even realize the exact same thing applies to gold, or stocks, or property, etc.

[Anonymous No.23905873]

>>23904746
The yearly low for 2020 is wrong. Price dumped to 3k in March.

[Anonymous No.23905916]

>>23904485
he's right about everything but he doesn't know how to deal with it and his timing is terrible

[Anonymous No.23905922]

>>23904570

gold has lost value. 1700 USD in 2012 is more than 1700 USD in 2020.

[Anonymous No.23905942]

>>23904570

If you want to store 1700 dollars, just put it in the bank. No need for gold.

[Anonymous No.23906021]

>>23905838
>property
No

[Anonymous No.23906063]

>>23905922
Can someone actually unironically be this retarded? By the same logic btc has lost value since it was 20k in 2017 and it's 16k now. God I hate crypto zoomers.

[Anonymous No.23906164]

>>23906063
Do you know what inflation is, imbecile?

[Anonymous No.23906211]

>>23906164
Ok you are definitely pretending nice bait bro.

[Anonymous No.23906231]

>>23906211
No you're being the retard lmao

[Anonymous No.23906380]

>>23906063

>By the same logic btc has lost value since it was 20k in 2017 and it's 16k now.

Not the same logic at all. What are you even talking about?

Even without inflation, when would you like to get a certain sum of money? Now or in eight years?

[Anonymous No.23906596]

>>23904570
based

[Anonymous No.23906605]

>>23904570
If it's the same price as a decade ago, it lost value.

[Anonymous No.23906646]

>>23905873
monthly close i think not wick low

[Anonymous No.23906853]

>>23904732
KEK

[Anonymous No.23906877]

>>23905922
2020 price is 18-2k
1700 is a lie

good point still but i like that it doesnt swing.

personally a silverbug
Constitutional is the only real currency to me.

[Anonymous No.23907116]

>>23904625

>you can't find gold easily

you literally can
it's just a question of investing into exploration. these investments will increase if gold price sail away.

[Anonymous No.23907154]

>>23904485
gold was 1200 in 2017 and bitcoin was 20,000

[Anonymous No.23907266]

>>23904485
Imagine the smell

[Anonymous No.23907318]

>>23904485
I hate this gold vs btc bullshit. Gold is a store of value. You buy it if you already have lots of money that you don't want to risk. BTC is a potential way of acquiring gold if you don't already have the wealth to do so.

[Anonymous No.23907329]

>>23907154
True, but BTC has been higher than gold since March 2017, even after The Pinkening, i.e 2018 Q1, the value didn't fall below.

When the crypto market cap surpasses gold's market cap, what will Peter Schitt say?

[Anonymous No.23907368]

You have to be in both cryptos and precious metals. Both are gonna make some good money, just the cryptos will obviously make more

[Anonymous No.23907413]

>>23907368
nah metals lag behind inflation the last 100 years

[Anonymous No.23907430]

>>23904594
life is a ponzi retard

[Anonymous No.23907440]

>>23907318
it's not a store of value it's insurance. insurance costs you money gold too.

[Anonymous No.23907463]

>>23907368
The bottom line is that the dollar is hemorrhaging value, and it's only going to get worse. Shifff is right about that.

You're better off in crypto and pm's, but if you want to get into gold and take delivery, good luck. Crypto is far more accessible.

[Anonymous No.23907537]

>>23905838
Property has value that is necessary for survival. It may go down, but it will always be needed.

[Anonymous No.23907585]

>>23907463
i would say if you have gold as insurance hedge it with crpyto specifically bitcoin 5-10% because gold will bleed you money over the years and it's costly to handle.