/biz/ - Business & Finance

[Anonymous No.24021628]

This guy caused hundreds of thousands of people to miss out on the entire 2016-2020 bull run on everything. Stocks and crypto. Why do people still listen to him?

[Anonymous No.24021641]

Even his son cucked him lmao what a faggot loser

[Anonymous No.24021644]

>>24021628
>Why do people still listen to him?
because people are idiots

[Anonymous No.24021651]

>people
>implying NPCs are sentient

[Anonymous No.24021665]

Boomers following boomers

[Anonymous No.24021666]

He's starting a hedge fund with three other goldbugs called Schiff Four Brains

[Anonymous No.24021676]

>believes gold is money
>measures gold in fiat

[Anonymous No.24021727]

>>24021628
Actually make that more like 2010 - 2020. I think he was wrong for an entire decade straight now.

[Anonymous No.24021740]

>>24021666
Kek you're alright, Satan.

[Anonymous No.24021790]

>>24021628
i like him unironically is he really that far off

[Anonymous No.24021831]

Didn't this guy poison himself on live television already?

[Anonymous No.24021872]

SEETHING

[Peter Schiff was right No.24021892]

>>24021641
>>24021644
>>24021651
>>24021628
>>24021665
>>24021666
>>24021676
>>24021727
>>24021740
>>24021790
>>24021831
OH NO NO NO NO NO NO NO

[Anonymous No.24021895]

>>24021628
I use to listen to every podcast he made, now I just think he’s the eternal boomer complaining about things he doesn’t understand

[Anonymous No.24021914]

>>24021892
yes outperformed by everything else

[Anonymous No.24021932]

>>24021895
>he doesn’t understand
holy fuck you're actually dumb, sorry his economic advice goes over your dumb head, I'll keep buying more miners as the us dollar collapses

>>24021914
So? All of the things you invested in are going to get killed.

[Anonymous No.24021979]

Tether is about to cause the most catastrophic rug-pull in human history.

https://www.youtube.com/watch?v=bFVK9SxKR5c

https://www.youtube.com/watch?v=qzDjJ-SrojY

New information on the tether lawsuit:

https://www.reddit.com/r/btc/comments/jrr3ny/recent_fillings_exit_the_ponzi_playground_at_all/

More information on Bitcoin:

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=63d0d0ef554a

https://www.youtube.com/watch?v=XfcvX0P1b5g

As of today, seven-day printing-rate of tether is $38 billion per annum.

I suspect that the CFTC knows that tether is a scam, but they won't audit it for the same reason that they won't audit the COMEX. Crypto is an Adam Back/Blockstream-created ponzi to split the anti-fiat community. The COMEX already would have gone bankrupt if our efforts had been fully concentrated on physical silver during these past ten years. Once fiat collapses, BTC becomes priced in gold, and all crypto (as being the fruit of the poisoned tree) immediately goes to zero.

"To overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7bn transacting individuals. BTC will then have no role and sink to zero priced in gold." - Alasdair Macleod, 8 November 2020

BTC requires $100-fees and 3-day transaction times when even 0.1% of the world population attempts to use it as a currency; the only solution is to go through Blockstream’s second-layer solutions which track and trace everything you do. Blockstream is controlled by the banks and the Bilderberg Group. Projects like BCH are not the answer, since they are just as liable to human corruption as BTC was.

Not only is BTC worthless as a currency, but gold-backed crypto already exists. We don't need BTC for anything.

https://www.youtube.com/watch?v=5Q9aYYluRA0

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

Also, gold-backed yuan and rubles will soon be used in the banking system.

[Anonymous No.24022005]

>>24021932
I’m loaded up on miners, but I think the modern economy will keep hobbling along longer than my life span.

[Anonymous No.24022038]

>>24021932
it's been 10 years of gains anon. bigger than any decrease in the value of fiat relative to gold
when shit hits the fan other things have a return against gold
gold is a measuring stick not an investment
but you won't listen

[Anonymous No.24022042]

Why is he so based, bros?

[Anonymous No.24022062]

>>24022038
>gold is a measuring stick not an investment
Keep saying that when your btc and usd is worthless

[Anonymous No.24022085]

>>24021628
A horse and cart salesman isn't going to tell people to buy cars.

[Anonymous No.24022092]

>>24022062
gold is money it has no return because it has no risk.
You think gold is a good thing to own because it goes up against the usd
everything goes up against the usd it is designed to lose value exponentially against an index of consumer goods

[Anonymous No.24022101]

>>24022038

People made money in tech stocks and all the other central-bank-created bubbles. Q. E. for stocks, tether for Bitcoin. All equally worthless, all equally going to zero if you don't get out now.

[Anonymous No.24022120]

>>24022092
>it has no return
It has return because everything else is being devalued
that's why gold miners are going up

[Anonymous No.24022125]

>>24021979
Start your own thread anon, I'm interested but you're just posting this in other threads

[Anonymous No.24022139]

>>24022120
>>24021676
classic schiff believer

[Anonymous No.24022202]

>>24022125
Shills behavior like that haircomb shit and xrp

[Anonymous No.24022258]

>>24022202
There's a haircomb on the blockchain sir

[Anonymous No.24022292]

>>24022139
I'm already rich from his advice lol

[Anonymous No.24022309]

>>24022292
his advice was objectively terrible as op says

[Anonymous No.24022338]

>>24022292
How did you get rich from gold? Did you buy it in 1820?

[Anonymous No.24022353]

>>24021676

measures fiat in gold, scholar

[Anonymous No.24022376]

He's a gold merchant.

[Anonymous No.24022378]

>>24022353
>measures fiat in gold
>is free from central banking

[Anonymous No.24022397]

>>24022309
that's why op is poor

>>24022338
>How did you get rich from gold?
gold/silver miners have 4x'd in the past 8 months

[Anonymous No.24022420]

Peter the repeater does it again

[Anonymous No.24022429]

>>24021628
>Why do people still listen to him?
he doesn't care, all he care is that people puts money in his pocket

[Anonymous No.24022446]

>>24022397
>4x
cute

[Anonymous No.24022456]

>a jew that embraces his inner jew completely and doesnt try to hide

i love peter schiff

[Anonymous No.24022491]

>>24022446
not bad for 8 months
it's going 50x in the next 2 years

[Anonymous No.24022522]

>>24022491
Any particular miners, or are you in indexes?

[Anonymous No.24022538]

>>24022522

Buy Impact Silver, Dolly Varden, and Silver One Resources.

[Anonymous No.24022551]

>>24022378

I don't even understand what point you're trying to make. Elaborate

[Anonymous No.24022593]

>>24022522
I'd tell you but I'm swing trading my main one right now and don't want you to buy in.

[Anonymous No.24022611]

>>24022593

[Anonymous No.24022744]

>>24021628
> runs a gold custodial service
> shills gold 24/7
> makes insane amounts of money providing service not from gold
why doEs HE do It brOs
A thread died for this shit.

[Anonymous No.24023470]

>>24022456
Jej

[Anonymous No.24023524]

he doesn't understand byzantine fault tolerance because he still believes in institutions and trust
soon he will take the final apex red pill: trusted third parties are security holes

[Anonymous No.24023581]

>>24021628
Gold is up 76% since 2016 moron.
The market is up 67%.
Silver up 66%.

Literally just go to the 5 year charts.
Cope with you retardation.

[Anonymous No.24023609]

>>24021914
>>24022309
>objectively
No. >>24023581

[Anonymous No.24023790]

>>24021628
Schiff is correct in the long term, but he's absolutely ignorant of how the monetary system actually works.

I'd recommend Jeff Snider for those wanting to know how the monetary system actually works. This is a nice overview interview.

https://youtu.be/14I1BdncYVo

[Anonymous No.24024023]

Wow. I literally ended a biz thread by presenting numbers that any fucking moron can look up in ten seconds.
Imagine being OP right now.

[Anonymous No.24024103]

>>24024023
Crypto and stocks not stock indices

[Anonymous No.24024172]

Because, in the long run, he's right that inflationary fiat backed by a central bank that "promises" not to fuck over the little guy will collapse.
Where he's wrong is that this implies
that every single market except gold must collapse. When dollars become worthless, most assets will hold their value, including stocks.

[Anonymous No.24024212]

>>24024103
Yes. They underperformed Gold on average.
Sure you can find something that outperformed it BY ITSELF.
But gold outperformed the Nadsaq and Dow over the past five years.
Please stop before you are mistaken for OP.

BTC did better than gold. But OP didn't just say BTC did better than gold. He made many retarded claims that aren't backed up by any numbers at all.
Also
>being up 76% in 5 years and this is "wrong"
No.
I'd like to see the person who make every perfect call.
That person doesn't exist I bet.
Schiff is about being as sure fire as possible.
He nailed it.

[Anonymous No.24024220]

>>24021892
I can't even update this image fast enough

[Anonymous No.24024259]

>>24021932
>YOU DON'T UNDERSTAND HIS ECONOMIC ADVICE
>I'M LOSING MONEY ON _PURPOSE_ SORRY YOU'RE TOO RETARDED TO UNDERSTAND THAT

[Anonymous No.24024298]

>>24021979
>Tether FUD is back

IT REALLY IS 2017 AGAIN ISN'T IT?

[Anonymous No.24024328]

>>24022120
Dog shit is going up compared to USD
It doesn't mean anything. If you can't even beat inflation you might as well buy dog shit

[Anonymous No.24024368]

>>24024220
gold is at 2k and is just going higher

>>24024259
>>YOU DON'T UNDERSTAND HIS ECONOMIC ADVICE
you don't lmao, you're going to see in the next few years
>>I'M LOSING MONEY ON _PURPOSE_
but im gaining money

[Anonymous No.24024384]

>>24024212
Its literally impossible for gold to go down against the usd in the long term, no shit. 76% in 5 years is shit.
Op said stocks and crypto, schiff is vehemently anti crypto

[Anonymous No.24024495]

>>24024368
>Gold going 1,7k to 2k in 10 years
>1.7% APR
>Can't even beat inflation

No anon you're losing money. Even with Gold's temporary spike you're still losing more than people who just bought Legos or something lol.
But I'm sure in the future we will all understand Boomer logic and Gold will do a x1000 soon

[Anonymous No.24024547]

>>24024384
>crypto
Only BTC outperformed gold.
Cope and just move on.
Going for more than 76% in 5 years is not "investing" it's SPECULATION.
Yes you can get rich, but it has enormous risk.

SURE FIRE AND CORRECT.
>>24024495
>if I choose the top and go from there
>doesn't run the same math for BTC which is still down over the last 4 years technically.

[Anonymous No.24024574]

>>24024547
>only btc outperformed gold
Are you fucking retarded

[Anonymous No.24024592]

>>24024574
Only about 3 have even been around 5 years toolbag.
As I said...there is SPECULATION and there is INVESTING.

[Anonymous No.24024624]

>>24024547
>Only Bitcoin outperformed Gold

Legos outperformed Gold lol
https://www.cnet.com/news/lego-bricks-outshine-gold-bars-as-investments-report-says/
https://www.cnbc.com/2015/12/28/is-lego-a-better-investment-than-gold.html
https://www.mentalfloss.com/article/571080/lego-better-investment-than-stocks-bonds-gold

At least Lego blocks are something nice to play with unlike that shiny rocks

[Anonymous No.24024659]

>>24024624
>>24024495
>Even with Gold's temporary spike you're still losing more than people who just bought Legos or something lol.

Did you think that was a fucking joke lmao

[Anonymous No.24024695]

>>24024547
You have no idea what youre talking about
>Muh arbitrary words
Youre an npc who thinks risk is defined democratically.
Gold is money, it is zero, baseline. Something that provides a return in gold is an investment

[Anonymous No.24024709]

>>24024624
So then legos outperformed BTC over the last while too then?
BTC is down since December of 2017.

[Anonymous No.24024748]

>>24024695
No. You are a moron with little understanding.
All things have RELATIVE value.
If gold rises faster than filet mignon (which I eat DAILY) then I have "profited."
There is no baseline.
EVERYTHING is a commodity.
It's ENTIRELY about relativity to what you would prefer to have in your possession.

[Anonymous No.24024871]

>>24024748
Golds value changes the least of all things and so all things' value change relative to golds.
You would be a terrible surveyor.

[Anonymous No.24024901]

>>24024709
Over the last three years? Yes
Over a decade (typical time period you have to at for investments)?
No.

[Anonymous No.24024942]

People are starting to realize gold is impracticable and the supply increases every year making BTC a way better asset even if it's flawed for transaction purposes

[Anonymous No.24024961]

>>24024871
You are listing reasons why people have historically chose gold as "money."
It's stable, hard to produce, limited quantity.
So it is a store of value that can be depended on.

This has NOTHING to do with the rest of what you are talking about.
You need to detach the two.
It's a commodity.
Like all other things.
You compare it's value to other things you SUBJECTIVELY value.

I have my own business for instance. Warehouses full of real world goods.
I'd rather have them than gold because of my MARGIN and my operation.
These warehouse items are MY MONEY.
I can exchange them at a great pace and my RELATIVE and SUBJECTIVE assessment of what I am getting goes up.

Gold can't do this for me. I have a better "currency" than gold for my own person situation.

You are stuck in thinking that is holding you back.

[Anonymous No.24024968]

>>24024942
Btc is a ponzi scheme

[Anonymous No.24024991]

>>24024871
Basically what you are saying applies ON AVERAGE.
Not situationally.
So if you go around applying that thinking always, you are often wrong.

[Anonymous No.24025033]

>>24024968
yeah I guess that's why Michael Saylor put his publicly traded company's $500 million treasury fund into BTC after unanimous approval from board members who all hold BTC as well

[Anonymous No.24025082]

>>24024968
Gold is a Ponzi. Have fun buying the jew bags

[Anonymous No.24025142]

>>24025033
Some them probably unironically browse /biz/

[Anonymous No.24025180]

>>24024961
Value is not subjective, it is objective but we do not perfectly measure it. The entire scam of fiat currency is making people unable to measure value over time and so they negotiate wages and savings in dollars putting them in economic hamster wheels.
Value is a dimension of reality. All things have a value that change as a function of time. A good unit of measurement of value is something that's value does not change with time.
A good unit of measurement is useful because it can show you relationships between variables

[Anonymous No.24025221]

>>24025033
Btc will never do more than 144mb/day a capacity it reached 3 years ago. The only reason to buy btc is to sell it at a higher price, definition of a ponzi scheme

[Anonymous No.24025254]

>>24025082
I dont buy gold i measure price in gold

[Anonymous No.24025292]

>>24025180
>Value is not subjective
LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Didn't rest mate.
Anything starting that retarded can't be worth it.

[Anonymous No.24025313]

>>24025142
It's easy to laugh at young investors as a boomer because you guys do not understand that money is all about future developments. You think in intrinsic value when the truth is that nothing has inherent value. All value depends on what you will do with it in the future. It's why you guys will never understand how Silicon Valley has become so massive, why Google and Facebook became the most valuable companies in the world and why you don't understand that shiny rocks only have value as long as there are Boomers that buy shiny rocks. No millennial will buy Gold. No Zoomer will buy Gold. No Gen Alpha will buy Gold. It's going to 0 and you won't understand why and you will wonder how someone could pay 1 million dollars for a bunch of 1 and 0.

Picture a house that costs a million. Pretty good investment right? Now imagine if you could look into the future and you saw that that house was gonna crumble and there was nothing you could do about it. That house has no actually a value of 0 instantly, because you learned that it has no future application. You can argue with how nice it looks or how expensive the materials or how valuable the chimney is, it doesn't change that that value is going to 0, because nobody is ever going to buy that house in the future.

[Anonymous No.24025334]

Alleged advantages of BTC over gold: It is instantly transmittable, and highly divisible

Answer to alleged advantages: Gold can also have these properties too, whether by means of gold-backed cryptos like Kinesis, or gold-backed currencies in the banking system.

Alleged advantage of BTC over gold: Privacy

Answer to alleged advantage: BTC stores every transaction on a public ledger. This is why the celebrity Twitter hackers were caught within days, and the money from the Silk Road has been recovered. Additionally, if you want to use BTC as a currency, you have to go through Blockstream's second-layer solutions which track and trace everything you do. So BTC has no privacy.

Gold, on the other hand, can be physically transmitted by hand in complete privacy.

Disadvantages of BTC over keeping gold in a vault:

You lose your life-savings after

i) Getting tortured for ten minutes
ii) Getting memory-loss or dementia;
iii) Making a thoughtless mistake;
iv) From a fire or natural disaster;
v) From burglary;
vi) From hardware failure.

Disadvantages of BTC over gold:

1) BTC will collapse once the price sinks under the cost of production for the miners.

2) Most BTC miners are in China.

3) BTC is propped up by the fiat ponzi scheme of tether.

4) BTC has no intrinsic value. Hence Russia, China, and other nations which actually produce the goods and commodities we use will never accept it in exchange for them. When fiat collapses, BTC will be priced in gold at 0.

5) BTC is over-complicated. No normal person will ever set up an LN node; they are happy to keep using the modern banking system. As using the LN compromises privacy anyway, there will be no reason to use BTC second-layer over gold-backed currencies in the banking system. BTC without second-layer demands $100 fees and 3-day transaction times, and so is, of course, impossible to use as a currency.

[Anonymous No.24025391]

why is /pmg/ being raided by btc maxists? bitcoin is supposed to be 'digital gold' and now they're shitting all over gold

[Anonymous No.24025406]

>>24025292
Price is what you pay value is what you get

[Anonymous No.24025417]

>>24025391
Because people like Peter Schiff make an absolute ass about themselves on Twitter so people just love to shit on Gold Bugs

[Anonymous No.24025419]

>>24025313
Being in crypto for years you start to see everything in percentages and ratios. The House/BTC ratio is quite low

[Anonymous No.24025437]

>>24025313
>It's going to 0 and you won't understand why
Most of what you said is true.
Excepting this portion.
All the major governments of the world hoard and collect gold. It does not need podunk boomers buying it or retarded zoomers either.
It will not go to zero. It will have it's value subjectively determined like anything else.

[Anonymous No.24025476]

>>24025313
>nothing has inherent value
Name one thing that does not have a value.
Everything has value, how that value changes over time is the point

[Anonymous No.24025491]

>>24025406
What is a garden worth to someone that doesn't like to garden mate?
Does it have ANY relation to the cost or price of the inputs?
Barely.
Value is 100% subjective.
If I've just eaten two cheeseburgers, the 3rd one is basically worthless to me.
Ask me again in 24hours and I'll give you a different answer.
All value is subjective and situational.
Nothing has "inherent value" outside of the real world situation the thing finds itself in.

[Anonymous No.24025505]

>>24021831
Underrated reply

[Anonymous No.24025522]

>>24025313

Millennials own only 4% of the wealth, their desires are irrelevant. What actually matters is that the countries which produce the goods and commodities which we use and need (Russia, China etc.) are going to demand something of real value (gold) in exchange for their labour, not an empty ponzi-scheme token, after fiat collapses and the dollar gets dumped.

[Anonymous No.24025521]

>>24025476
You dropped the word "inherent" to make your argument.
You lose immediately upon doing so.

[Anonymous No.24025552]

>>24025476
>Name one thing that does not have a value

No inherent value? Everything. Nothing is inherently valuable, it's all determined by contemporary people.

[Anonymous No.24025557]

>>24025417
the fact schiff is making people so asshurt is pretty telling though.

[Anonymous No.24025578]

Please, take a look on this video: y2ube / MpGuS4KKYeU
what do you think about Baseprotocol platform. Is it appropriate for investing? I like their solutions for passive income and extra token liquidity.

[Anonymous No.24025592]

>>24024172
>When dollars become worthless, most assets will hold their value, including stocks.

what did he mean by this?

[Anonymous No.24025607]

>>24025522
How can you actually make these schizo arguments. You're simultaneously saying that Bitcoin is worthless because China owns most of it yet you also argue that young Chinese people would never accept Bitcoin. Lol.

[Anonymous No.24025615]

>>24021628
>BTC IS A SCA-

[Anonymous No.24025632]

>>24021628
Schiff is for wannabe smart money, boomers, and those who already made it. Gold is going up no matter and mining stocks could actually become the safest investment period. I'll cash out my crypto gains when I feel I "made it" and shift into gold and silver, could become 30% of my portfolio total.

[Anonymous No.24025635]

>>24025557
He has a big following and is an insufferable cocksucker. What exactly does that tell? Do you also take financial advice from Twitch's Ninja serious because of that?

[Anonymous No.24025641]

>>24025592

>>When dollars become worthless, most assets will hold their value, including stocks.

>what did he mean by this? >>24024172

What he's trying to argue, as far as I can conjecture, is that all assets will preserve their value against inflation, including gold. What he doesn't realize is that all assets, except gold, are in historic bubbles. Whether that's stocks with their P. E. ratios, or house prices relative to earnings, or bonds relative to interest-rates. So gold is going to rise enormously in purchasing power when compared to them (silver and mining stocks even more so).

[Anonymous No.24025705]

>>24024592
>making money is SPECULATION
>not making money is INVESTING

Thank you for the wisdom

[Anonymous No.24025775]

>>24025705
>if I strawman what he said I can be right
Why do people do this?

Alright, I'm out. Got actual money to make.
For the anons in this thread that are retarded and in the early 20s.

READ HUMAN ACTION BY LUDWIG VON MISES.
You're welcome.

[Anonymous No.24026163]

>>24022397
>gold/silver miners have 4x'd in the past 8 months
So...you bought stocks...not gold. Shareholders don't benefit from gold. Your argument is to buy gold but you bought stock and are bragging about that.

[Anonymous No.24026517]

>>24025491
You cannot choose the value of something. The garden and the cheeseburger cost the same whether you want them or not. Value is objective otherwise i could put an ounce of gold in my hand for less than what it costs

Of course some values are not accurately measured when you have fraudulent measuring devices like centrally planned markets or fiat scams. Same as badly made measuring tapes will not change the length of what youbare measuring

[Anonymous No.24026692]

>>24021628
>Boomers missing out
good

[Anonymous No.24026782]

>>24026163
I own gold, I own a company that owns gold.

[Anonymous No.24026886]

>2020
>people still buying gold as investment
Gold nowadays is only useful to cash out cryptos without paying taxes.
Ooops, I'm going to delete this post soon.

[Anonymous No.24026943]

Peter Schiff's biggest problem is that his entire investment philosophy is based on what governments SHOULD do, rather than what they will actually do.

He has never heard the phrase:
>the market can stay irrational longer than you can stay solvent

[Anonymous No.24026954]

>>24025334
You are full of shit nigger

[Anonymous No.24027757]

>>24026517
you are 100% wrong
read human action
ngmi udderwise

[Anonymous No.24028101]

>>24025522
I find Boomer world views so extremely cute. Boomers even though they also bet on the collapse of Fiat money they believe that when the entire centralized financial world collapses that everyone would go to their local vendor and ask for Gold or that companies like Facebook, Google, Amazon or any world leading company would give up their digital infrastructure for rocks instead of just switching to a decentralized financial infrastructure that was specifically created in case centralized finance loses its trust.

[Anonymous No.24028371]

>>24028101

Gold is the most valuable of metals. Look it up for yourself. Dentistry, medicine, engineering, ornament. The only reason why it isn't used more often in industry is because it is so valuable that we prefer to use other metals instead. That's why Russia and China will demand gold in exchange for their labour--because of the intrinsic value which it stores.

[Anonymous No.24028664]

>>24028371
Intrinsic value is meaningless if Gold's true value is like 0.50ct per oz lmao.
Oil also has many use cases and is a limited source, yet the price went negative because storing it is more expensive than it's worth and oil is literally the most versatile and market penetrating asset there is
See what intrinsic value gold has when nobody wants to buy it anymore and your fees of keeping it at a safe place keep costing you money lmao

[Anonymous No.24028751]

>>24021892
>>24021932
>>24022062
Schiff is right about gold but has been disasterously wrong about BTC. If someone had ignored his retarded advice, bought BTC a long time ago, they could have gotten huge amounts of gold with their gains. Here's an explanation you might be able to comprehend:
https://www.youtube.com/watch?v=wZqNy48Zq7w&feature=emb_title

[Anonymous No.24028800]

>>24028664

>Intrinsic value is meaningless if Gold's true value is like 0.50ct per oz lmao.

Its intrinsic value is enormous even if you discount its monetary value, which it derives from its incorruptible and malleable properties.

[Anonymous No.24028904]

>>24025180
top fucking kek this level of schizo rivals /xsg/

[Anonymous No.24028943]

1What do you think about DYMMAX (dymmax.com)? Does anyone join it?

Uncovered their staking system, looks amazing, modernistic solutions and tools without collateral. They communicate with China, USA and provide new functions for investors and crypto enthusiasts

[Anonymous No.24028953]

>>24028904
/xsg/ seems absolutely rational compared to gold bugs

[Anonymous No.24028973]

>>24027757
>read human action
based

[Anonymous No.24028991]

>>24026517
>Value is objective otherwise i could put an ounce of gold in my hand for less than what it costs
If you find someone that subjectively *values* one of your turds higher than an ounce of gold, you can.

[Anonymous No.24029485]

All in on mining stonks. Come at me.

[Anonymous No.24029501]

>>24025705
Kek

[Anonymous No.24029649]

>>24025221
That's literally not the definition of a ponzi scheme, it is however, the definition of an investment you absolute retard

[Anonymous No.24029777]

>>24021628
>This guy caused hundreds of thousands of people to miss out on the entire 2016-2020 bull run on everything.
based
im finna b a rich god amongst millions of mortal plebs

[Anonymous No.24029875]

>>24029485
Cute.

[Anonymous No.24029919]

>>24025180
The irony of your statement is that you're trying to defend the gold bugs, who tend to favour Austrian economics (Schiff definitely does), by making an argument against subjective value, which is the economic hypothesis that put Austrian economics on the map and has been adopted by most other conventional schools of economics.

[Anonymous No.24030019]

>>24029485
wow you kept pace with the nasdaq

[Anonymous No.24030041]

>>24029919
lmao this.
"Arguing" with retards is like turning in circles. It's impossible to get through to them as their understanding is so low level that the words and ideas are basically entirely foreign to them.

[Anonymous No.24030113]

>>24025334
LOL 2015-2016 seller cope. I was in your shoes too a little while ago but I flipped long and am now on the way to being back at a full btc.

[Anonymous No.24030197]

>>24025592
>>24025641
Basically what >>24024961 said. When fiat fails (and I agree with the gold bugs that it will eventually fails), gold is not the One True Store of Value that everyone will flee into. They'll flee into multiple assets. Housing, real estate, stocks, precious metals including gold, and (yes) crypto. Everything other than gold isn't going to suddenly become worthless "because it's in a bubble driven by the Fed", gold is also an economic actor and, by this chain of logic, it's also in a bubble driven by the Fed. You're reading the universe as "fiat, gold, and everything else" whereas you should be treating it as "fiat and everything else".
If anything, silver is more likely to become a unit of currency than gold, because its supply is greater by a factor of ten, so it's easier to perform smaller transactions.
And all this assume that society still basically functions. If shit truly hits the fan and even your stocks and real estate becomes worthless, then the only "valuable" material is lead capable of breaking the sound barrier, not a noble metal with high conductivity.

[Anonymous No.24030325]

>>24030197

>When fiat fails (and I agree with the gold bugs that it will eventually fails), gold is not the One True Store of Value that everyone will flee into. They'll flee into multiple assets. Housing, real estate, stocks, etc.

All the assets which you mention, besides gold, are vastly overvalued. Houses are at 8x earnings, they should be at 2.5x earnings. Stocks are in an unpredecented bubble, far more so than during the Dotcom era--many of these companies will go bankrupt after the dollar dies, and they can't be bailed out any more--most will crash by 90% in order to reach fair value. Bonds and crypto are where the largest bubbles are, because those are literally going to zero. By contrast, gold, silver, and mining stocks have almost never been so undervalued in all history.

>If anything, silver is more likely to become a unit of currency than gold, because its supply is greater by a factor of ten, so it's easier to perform smaller transactions.

When I say "gold" I mean both gold and silver. Observe that I mentioned silver mining stocks here >>24022538 when somebody mentioned mining stocks. Almost all my net-worth is in silver.

[Anonymous No.24030344]

Gold reacts in uncertain ways in bouts of inflation. There is really good podacast that goes through the historic price and inflation. irrc all the way back to the Roman period

[Anonymous No.24030399]

>>24029649

If something either doesn't produce earnings, has no prospect of producing earnings, or doesn't store intrinsically valuable properties commensurate to the price, then, yes, it is a ponzi-scheme, and his definition is correct. A ponzi scheme is when the _only_ reason, or virtually the only reason, to buy something, is to sell it at a higher price.

[Anonymous No.24030695]

>>24030325
Jesus
And Goldbugs call Bitcoiners delusioned

[Anonymous No.24030854]

>>24021628
I was listening to his podcast today on my drive to the wage cage. He kept goig on and on about how bitcoin is a bubble and there is no reason for it to pump. That nigger knows a lot about politics and finance, but he knows nothing about bitcoin or it's fundamentals but still feels the need to bitch about it regardless. I had to turn it off.

[Anonymous No.24031099]

fuck peter schiff
Bitcoin is saving me during hyperinflation and not goddamn gold

[Anonymous No.24031407]

>>24030019
Just a sliver of my portfolio. Seethe harder tho. Kek.

[Anonymous No.24031497]

>>24031407
>all in on mining stocks
>just a sliver
which is it?

[Anonymous No.24031542]

>>24030854
If you finished the pod, you'd have heard him say that it's a great way to make money trading, but a terrible hedge. He admits that about all the tech stocks too. It's obvious that you can make money in the markets right now but at the end of the day you're going to have a ton of useless paper unless you invest in real money. His whole thing is retaining wealth in the US when the dollar we it inevitably falls. How can anyone that understands even basic economics not see that when you print trillions of dollars and produce barely any real wealth that you're blowing a huge bubble?

[Anonymous No.24031599]

>>24030399
Ok bitcoin is a Ponzi scheme, I forgot it’s still 2011. Enjoy missing out because you’re just so much smarter than rest of the world

[Anonymous No.24031738]

>>24030399
Okay, Gold is a Ponzi. No other reason to hold Gold other than speculating you can sell it at a higher price

[Anonymous No.24031824]

>>24031738
THIS!
Bitcoin is the true hedge against inflation
I've never heard of a Lebanese expat sending money to his parents here using a fucking gold coin, but instead uses some goddamned motherfucking cryptocurrency

[Anonymous No.24031859]

>>24021628
Bitcoin is created out of thin air and a bubble, going to zero. It's used by nobody, it's just an hope that people use it, fiat has infinitely more value than bitcoin. Cope

[Anonymous No.24031897]

>>24028101
you must have been dropped as a child. noone arguing for a gold standard mean that we are actually gonna start trading gold rocks when we go to the supermarket, its gonna be digitalized backed by gold, fx a goldbacked crypto, or just gold backed dollar like it was for the entire nations history up untill the jews took over through the FED,
ur actually embarrasing yourself kiddo

[Anonymous No.24031931]

>>24031599

It isn't 2011 any more. If you get in now, you're the stupid money. BTC mcap is already $400 billion. That's 8x the annual investable supply of silver, or 8x the mcap of Newmont Mining, the largest gold miner in the world, which has an excellent 13 P. E. ratio and which pays excellent dividends.

>>24031738

Gold has intrinsically valuable properties. People buy it for the purpose of wealth-preservation, not simply in order to pass on to somebody else.

[Anonymous No.24031958]

>>24028664
GUIIS GUISS GOLDS 6000 HISTORY OF MONEY IS FUCKING IRRELEVANT GUISS FUCKING BOOMER ROCKS AM I RITE GUISS HAHA LMAO BOOMERS
ye gold was actually the thing that created civilized society because it made trade 1000x easier and better
GUISS GUIS GOLD WILL GO TO 0 HAAH STUPID BOOMERS LMFAO HAHAH GUISS
fucking neck yourself

[Anonymous No.24031992]

>>24031931
Do you really think you're making a difference posting this shit on 4chan all day? It sounds like you have ptsd from selling way too early. See you at $420k

[Anonymous No.24032000]

>>24029485
gonna fucking make it basedbro see you at the yatch club when we will be doing cocaine and fucking teenagers

[Anonymous No.24032049]

>>24031859
> paper is far superior to digital
> he screamed, digitally, into the void

[Anonymous No.24032062]

>>24029485
you made more than I made in 6 lifetimes
10k USD robbed by hyperinflation

[Anonymous No.24032146]

Basically use your crypto gains to buy the gold, locking in your profits and letting that gold beat out inflation over time. Anyone that can't see the bus is about to crash and burn is outright delusional. If BTC is about hit (or even go over) it's ATH, the dump is going to be biblical and you'll wish you even had a flak of gold to show for it.

[Anonymous No.24032165]

>>24031497
In that brokerage account (one of many you can have on Vanguard), it’s all in on mining stocks. Lol. You think that single account makes up my entire portfolio?

[Anonymous No.24032171]

>>24032049
Going to zero, have gold or lose everything, cope

[Anonymous No.24032216]

>>24031931
>People buy it for the purpose of wealth-preservation, not simply in order to pass on to somebody else.

How does it preserve wealth? It only does if you can sell it to someone. So clearly a Ponzi.

[Anonymous No.24032271]

let me explain the gold thesis to you dense motherfuckers.
Theres over 100 trillion dollars just in the bond market, when the US bond market fails, because the US dollar is fucking worthless and society is reaching clown levels never thought possible, that money has to go somewhere.
It wont go to europe, because they are fucked as well, wont go into stocks because its highly risky and overvauled, which anyone with a brain can see.
It will return, to what our entire financial system was based on before 1971, and thats GOLD,
currently theres mined about 3000 tonnes per year which equates to around 2 trillion dollars at current price, so the market is gonna dry up real fucking fast and people holding gold stocks are gonna make a fucking fortune, meanwhile people holding digits on a screen because muh sakamoti whatever ufcking chink name he has, are gonna be left holding the fucking bag
see you at hong kong tijuana based mining bros

[Anonymous No.24032381]

>>24032216

Gold is immutable and incorruptible, so the intrinsic value which it stores doesn't deplete over time. That means that it preserves wealth. In terms of its not being a ponzi, there will always be a market for it, because of its many uses in industry and ornament. You can sell it to somebody who has a desire to use it for things other than speculating on the price. It does not exist simply for the purpose of speculation.

[Anonymous No.24032393]

>>24032271
>Theres over 100 trillion dollars just in the bond market, when the US bond market fails, because the US dollar is fucking worthless and society is reaching clown levels never thought possible, that money has to go somewhere.

Yeah Bitcoin

[Anonymous No.24032462]

[Anonymous No.24032534]

[Anonymous No.24033164]

>>24032393

Bitcoin is literally incapable of serving as a currency, nor will Russia, China, or any other productive country accept it in exchange for their goods and commodities once the dollar collapses.

[Anonymous No.24033762]

>>24033164
>China
They run BTC.
So I'm thinking yes.

[Anonymous No.24033834]

>>24033164
>china
>productive
pick one
debt trap diplomacy
google it

[Anonymous No.24033894]

>>24033834

America has an enormous trade-deficit with China. By definition, China is productive. America will fall into destitution once it can no longer buy foreign goods with its worthless fiat.

>>24032271

Alasdair Macleod just now:

https://kingworldnews.com/alasdair-macleod-bitcoin-gold-and-the-end-of-fiat-currencies/

"Eric, watching bitcoin trading above $18k while gold languishes is fascinating. At the same time Wall Street is challenging all-time highs. Commodity prices, such as basedbeans are rocketing.

Other than the underperformance of gold and silver, markets appear to be responding to monetary inflation. Bitcoin is perhaps a special case, with a sudden realisation that central bank digital currencies are giving cryptos credibility, PayPal allowing customers to buy bitcoin and increasing institutional demand are all driving the price…

No one is really thinking it all through. While we can now see the ending of fiat currencies, the only reset can be with gold, because that is what the central banks own. They will have to offer full convertibility with existing, or new currencies operating as gold substitutes. When that happens, the role of cryptocurrencies will simply cease.

It also tells us the gold price is devoid of speculation and yet to reflect that reset. It will be interesting to see how all that changes as fiat currencies lose purchasing power from here."

[Anonymous No.24033940]

gold bugs are people sceptical of fiat and stocks but also dont like crypto.
you guys are very similar.

[Anonymous No.24033946]

>>24021628
Lol at a jew literally shilling gold to me. What a clown world.

[Anonymous No.24034043]

>>24033946
based
fuck keynesian jews

[Anonymous No.24034162]

>>24028943
not buying your scam, kys

[Anonymous No.24034507]

>>24027757
The value of something is not subjective i can't make the price of something what i want it to be

[Anonymous No.24034537]

>>24028991
This is unempirical madness same as saying nothing has value

[Anonymous No.24034652]

>>24029919
>defending goldbugs
No im not im disagreeing value is subjective in the same way we disagree mass or length or time are subjective.
I also think you almost never need to own gold because there always something providing a return in gold

[Anonymous No.24034668]

>>24034537
No, it's saying value is subjective.

[Anonymous No.24034776]

>>24021979
Tether is worth 1 USD. People use tether to avoid losing money when btc goes down. When people trade tether for BTC, they either print more or burn it. Tether does not buy BTC, people buy tether with BTC.

[Anonymous No.24034792]

>>24030041
>Has to subsribe to one of the cults of economics
Economics is one of the most politically corrupted ontologies out there. Value should be treated as a physical dimension same as anything else that can be measured

[Anonymous No.24034836]

>>24034792
Mate, you're clearly off your rocker. I'll remind everyone what you said, hope you don't mind:
>Value is not subjective, it is objective but we do not perfectly measure it. The entire scam of fiat currency is making people unable to measure value over time and so they negotiate wages and savings in dollars putting them in economic hamster wheels.
>Value is a dimension of reality. All things have a value that change as a function of time. A good unit of measurement of value is something that's value does not change with time.
>A good unit of measurement is useful because it can show you relationships between variables

[Anonymous No.24034851]

>>24031599
Btc still had the potential to grow to be an information commodity for the world in 2011. Now it cant increase demand more than an abysmal 144mb/day, it was at full adoption 3 years ago

[Anonymous No.24034998]

>>24034668
>go find someone to trade turds for your gold
Just because someone will miss value something doesnt mean the value changes.
If you measure your land with a slinky and end up giving some of ypur land to your neighbour is length subjective?

[Anonymous No.24035044]

>>24034836
Doesn't contradict anything there

[Anonymous No.24035051]

>>24034998
>>24035044
I'll leave it at your schizopost, it speaks for itself.

[Anonymous No.24035070]

>>24035051
>Ad hominen
Ironic

[Anonymous No.24035382]

>>24033164
>hurr durr.
leave the house an-cap meme flagger. You are an ideologue, busy shitting up another board with your religious nonesense.

[Anonymous No.24035437]

>>24035382
Seething bagholder

[Anonymous No.24035962]

>>24034507
Imagine being this fucking stupid.
So everything is worth equal amounts to every person?
Jesus Christ.

HUMAN ACTION
Read a book.
Understand the world.

[Anonymous No.24035983]

>>24034792
I didn't say you had to do anything.
I gave you advice that you are clearly too stupid to follow.
It's fine. The more brainlets, the more people serve me.

[Anonymous No.24036144]

>>24035962
The value of something is measured by a market. People are subject to the that value
Your like a late roman emperor who thinks he can set prices
>>24035983
You agreed with this >>24029919

[Anonymous No.24036308]

>>24033894
>Commodity prices, such as basedbeans
Never fails to make me laugh, the absolute state of 4channel word filters.

[Anonymous No.24036429]

>>24036144
Your knowledge level is so low it's impossible to communicate with you.
One last try...
THE MARKET PRICE IS THE AVERAGE OF EVERYONE'S SUBJECTIVE EVALUATION.

Ever been to the Atlantis in the Bahamas? Of course you haven't you poor fucking moron.
Cheeseburgers are $25.
Do you ANY ghetto where this would be the case?

Let your brain turn a few times and FOR THE FUCKING LOVE OF GOD...Read Human Action.
It's the last time I'm responding to you.

[Anonymous No.24036629]

>>24036429
That's not a subjective process, its like saying the weather is subjective