/biz/ - Business & Finance

[Anonymous No.29226623]

Peter Schiff may be a retard but he's right about cryptos. Once the internet is gone nobody will be able to do anything with their monopoly money.
If you don't own physical value like land, gold, silver, etc. you simply don't have anything

[Anonymous No.29226689]

>>29226623
>once the internet is gone

lmao

[Anonymous No.29226703]

why anyone would want to live in a world without 4ch, all my friends are here

[Anonymous No.29226728]

>>29226623
>Once the internet is gone

[Anonymous No.29226818]

>>29226623
>once the internet is gone

This nigga betting a solar flare gonna bring Gold back lamo

[Anonymous No.29226829]

I for one will be raising my family nude in the wilderness

[Anonymous No.29226890]

>once the internet is gone
Money will be the last of my fucking worries

[Anonymous No.29226946]

>>29226623
Once the inet is gone these little attention whores wont be able to tweeting, everybody wins!

[Anonymous No.29227007]

It can be used on star link satellite retard

[Anonymous No.29227062]

Physical assets should be purchased with gains from digital assets before the goddamn bankers take over bitcoin and manipulate the derivative market...like they did with Gold and Silver. Trade your fiat for actual things.

[Anonymous No.29227221]

>>29226623
>once the internet is gone

I forgot it was 1994

[Anonymous No.29227382]

I don't think that once the internet is gone this isn't gonna be the biggest problem... Besides crypto is not the only money that's gonna be gone. Also, once the internet were to be back crypto ownership can be traced back to a consensual block. If you're thinking in terms of an apocalyptic scenario, then imo brute force is the universal money.

[Anonymous No.29227507]

>>29226623
Explain to me what I would have to live for if the internet is gone.
>no porn
>no anime
>no shitposting
I mean why even live?

[Anonymous No.29228305]

>>29226623
Going to hedge by investing in VHS porn

[Anonymous No.29228658]

>>29226623
>once the internet is gone

I will simply kill myself.

[Anonymous No.29228921]

>>29228305
>Not hoarding playboy magazines for when electricity is no more
ngmi

[Anonymous No.29228983]

>>29226689
who is keeping the ISPs running in a shtf scenario? who is keeping the power grid up? look at texas in a snow storm lol

[Anonymous No.29229134]

>>29226623
>shiny rocks would have more value than crypto only if the entire techno-industrial society that we live in collapses back to middle ages
cool, i'm sure you are going to be a kang after the mega apocalipse prepper

[Anonymous No.29229163]

>>29226623
humans had 5k years to adopt gold they used monopoly money

[Anonymous No.29229360]

>>29229134
you are incredibly low IQ if you don't think that's exactly what would happen in that case.

[Anonymous No.29229471]

>>29228983

[Anonymous No.29229510]

>>29229360
i'm talking about the likelyhood of that happening
and anyway you'd probably get killed by a nog and all those goldbars would be his as soon as law and order collapses

[Anonymous No.29229511]

Once "the internet is gone" we're all fucked and I hope you invested in some guns and ammo

[Anonymous No.29230092]

I hoard paper. Like my father. He had his whole apartment full of old newspapers and stuff.he knew what was coming. I always watched waterworld with him. Sand and paper will be our gold and silver he used to say.

I inhereted all of it. So don't come swimming by my flat asking for paper and sand boy you won't be getting nothing.

[Anonymous No.29230490]

>>29230092
based, i also hoard bottle caps just in case :)

[Anonymous No.29230530]

>>29226623
Schiff makes some great points on economics, but he's a bit missed the boat on crypto. And as his business depends on gold, he doesn't want it superseded so he has his bias. I'd make 2 big points in response to him.
> If society degrades to the point where the Internet is destroyed, it's a significant risk that any property you can't physically defend can be taken from you. Having Gold/Silver will be valuable, but also make you a target. Even land you're not physically squatting on will be overtaken.
> If humanity manages to mine even 1 small asteroid, it's likely that precious metals prices may catastrophically plummet. IMO, this is inevitable assuming society doesn't collapse.
Personally speaking, I think owning at least 5% of your net worth in both gold and crypto is a smart insurance policy.

[Anonymous No.29230660]

>>29227062
Derivatives should be outlawed. They are nothing but price manipulation and cause the banking system to blow up ever 10 years or so.

[Anonymous No.29230849]

>>29226623
Yeah and once metallurgy becomes a lost technology the value of precious metals goes too. Invest in pointy rocks, diversify into pointy sticks. This is the future

[Anonymous No.29231463]

>>29230092
>>29230490
Depends what is printed on said paper.
Just take a look what's happening in the "collectibles" """markets""" like trading cards.
Pikachu>1oz gold coin

[Anonymous No.29232313]

Check these

[Anonymous No.29232444]

>>29228983
You realize if the power grid goes down then 80% of the global population will die? You will have more to worry about than crypto if that happens, you will have to murder you neighbor for scraps of food to eat.

Excuse me if I do not factor doomsday scenarios into my risk assessments.

[Anonymous No.29232612]

>>29228983
You'll be long dead. Don't worry about it.. lol

[Anonymous No.29232704]

>>29232444

This. In the event that shit actually does hit the fan, and the internet and power grid have failed, then nobody will want your shiny rocks either. And the only way you’ll keep your land is if you have enough weapons to defend it, and a stable food source. So go all in on guns, seeds, and livestock.

[Anonymous No.29232715]

>>29228983
Who is trading goods for gold in that scenario? Everyone is trying to survive. You trade food for ammo, ammo for food, that's about it. You think people in a middle of some war torn poor ass country are trading using gold? No, a can of deenz is more valuable to them than gold

[Anonymous No.29232779]

>>29226689
>>29226728
>>29226818
>>29226890
>>29227221
>>29229511
Texas wants a word with you.

[Anonymous No.29232919]

>>29226623
If the internet goes that means we'd be in a total collapse situation. In which case even your gold and silver would be worthless, food and other necessities would be the only things of value.

[Anonymous No.29232940]

>>29226623

If the world gets to that point having a bunch of gold and silver will be useless too. and no one will honor any claim to land in the post-apocalyptic wasteland.

[Anonymous No.29233028]

>>29232779
Those are telephones. Internet is underground, or in space.

[Anonymous No.29233038]

>>29226623
Physical will always be king and the most safe. However I don't see the internet majorly going down ever, and if it did it would he some doomsday shit.

[Anonymous No.29233046]

>>29232779
So one tiny area of the world loses power because of a crazy storm for a few days and this proves your point how?

[Anonymous No.29233131]

>>29232444
nice trips

[Anonymous No.29233136]

>>29232779
You know what you’re doing, anon.

[Anonymous No.29233170]

>>29226623
>Once the internet is gone
I'm tired of you retards fantasizing out this.
The techno-dystopia WILL continue
The internet WILL become integrated into every facet of life
You WILL eat zhe bugs

[Anonymous No.29233194]

>>29232779
lol imagine how retarded you have to be to be you.
>SOME parts of texas lose power for less than a week
>its already back up and running
>I live in texas and didn't lose power or internet at all even though theres almost a foot of snow outside
>crypto is up 40% in that time

[Anonymous No.29233218]

>>29233028
What happens when the yellows hijack the internet satellites and cut the undersea cables?

[Anonymous No.29233221]

>>29226623
The dollar would also be worthless

[Anonymous No.29233222]

>Peter Schiff may be a retard
okay
>but he's right about cryptos
nope, guess hes just a boomer retard

[Anonymous No.29233258]

>>29232779
>The internet is located in Texas
American education

[Anonymous No.29233376]

>>29226623
implying not just getting killed for the land "you own" you have other problems then ??is my shiny rock muuuhney?? if this doomer shit happens kid.

[Anonymous No.29233387]

>>29233218
You've got far bigger things to worry about than the value of currency, be it fiat or crypto, at that point

[Anonymous No.29233401]

>>29227062
true. thats why i own both. 20k in PMs and 80k in crypto right now. i expect these two assets to hold themselves and do well during a crash. historically precious metals are one of the few assets that go up in a recession.

but to be truthful nobody knows whats going to happen with crypto because it hasnt happened before except during the covid thing.

i've been waiting for the market to collapse for months now so i can buy up at a discount but it seems the governments wont allow it to happen while we're having a pandemic. so its off to the printing presses in the meantime.

still scared to buy stocks though.

[Anonymous No.29233403]

If the internet goes literally the only thing that matters is food, water, guns and ammo.

[Anonymous No.29233429]

>>29226623
If the internet goes down a lot more would be going down at the same time, you should be looking at tail scenarios, buy crypto, and buy livestock/guns/farmland, gold is worthless in an apocalypse and in a singularity

[Anonymous No.29233495]

>>29232919
> In which case even your gold and silver would be worthless
Well, you do have a chance to defend them if you also invested in lead...

[Anonymous No.29233516]

>>29233194
>>crypto is up 40% in that time
Next time its 40% down and you cant sell.

[Anonymous No.29233601]

>>29233516
You said that when bitcoin was at $12k.
Ear my dust, looser

[Anonymous No.29233649]

>>29226623
he is absolutely wrong and btfo about bitcoin

[Anonymous No.29233724]

>>29227507
indeed

[Anonymous No.29233732]

>>29226623
>Once the internet is gone

[Anonymous No.29233738]

>>29233429
In an apocalypse it doesn't matter who bought land or gold, it gets taken by force, supplies and weapons are all that matters.

[Anonymous No.29233761]

If the internet disappears the only thing that is going to matter is how much agricultural land and guns you have.

[Anonymous No.29233770]

Gold boomers don't realize the kind of accelerationist blade runner future we're moving towards.

Internet will be as much of a necessity as water moving forward.

[Anonymous No.29233815]

>>29226623
By the time the internet is gone, my great great great great great grandkids will find something more lucrative than crypto.

[Anonymous No.29233818]

>>29226623
Once the internet is gone you have a lot of things more to worry about than gold. Like getting raped, robbed and murdered.

[Anonymous No.29233839]

>>29232779
the funniest thing is retards that are in denial about global warming use these incidents as justification for their retardation. but truth is polar vortex is destabilized because of the fucking global warming.

[Anonymous No.29233841]

>>29226623
once the government safety meme is gone he can kiss his gold good bye how will he protect it?

[Anonymous No.29233857]

If it ever gets bad enough to where the internet is gone, I'll just shoot him and take his gold.

[Anonymous No.29233878]

Schiff is a fucking moron
>hyper inflation coming soon!
>what about no internet?!
OK Pete, if you think either of things will actually happen, the best thing you can acquire right now is massive debt to buy physical assets. Put your money where your mouth is. If you are betting on hyper inflation, your debt should exceed your net worth.

[Anonymous No.29233935]

>>29232779
>he buys gold betting on telephones and internet going away forever
bold bet goldcucks

[Anonymous No.29233980]

>>29233878
>your debt should exceed your net worth.
that's the smart thing to do here but make sure your apr is fix!! also 2-5% in bitcoin no matter what the imbeciles are screaming about it!

[Anonymous No.29234004]

>>29226623
>once the internet is gone

Yeah and if your country falls under a dictature you can lose your land or physical asset as well.

Your wealth always depends on the society your living in.

[Anonymous No.29234013]

>>29233839
>globe earth
>global warming
gb2reddit

[Anonymous No.29234025]

>>29233738
To make a point to the rest of the goldfags in this thread, gold doesn't magically become more valuable in a shtf scenario. Gold is only useful when a disaster is localized, that way you can hedge against the inevitable collapse of your local currency and transfer your wealth somewhere else. If the underlying infrastructure that powers the internet goes down worldwide, no one is going to want fucking gold. Even silver is more useful since it has antibacterial properties. If you really think the world is coming to an end, stock up on food, water, medical supplies, and ammo.

[Anonymous No.29234035]

>>29233839
we're having different weathers in scandinavia too your picture is literally disinformation

[Anonymous No.29234060]

>>29233839
Do you think this is the first time this has happened in texas retard?

[Anonymous No.29234070]

>>29230530
>but he's a bit missed the boat on crypto. And as his business depends on gold
He sells gold for crypto.
https://schiffgold.com/buy/buying-gold-silver-cryptos/
>As early as 2014, Schiffgold was one of the first physical gold companies to accept cryptocurrency via Bitpay.

[Anonymous No.29234093]

>>29233839
>falling for the climate jew
NGMI

[Anonymous No.29234114]

>>29234035
i'm pretty sure it's just meant to be an abstract explanation as opposed to an actual weather map.

[Anonymous No.29234196]

[Anonymous No.29234204]

By the way in terms of electronics consumption. The internet and computers don't consume that much energy. I'd be more worried about figuring out ways to cook and keep warm.
So you'll be more likely to have your funny internet money available than food to eat.

[Anonymous No.29234220]

>>29234060
do you think global warming happened yesterdays? do you think we are not living in a fucking ice age? do you think earth is not headed to a whiteout geologically? do you think the temperature rise didn't happen a few million times faster there than last time? do you even think?

[Anonymous No.29234223]

Did you hear about Baex(#baex) defi binary project? A lot of people try to bring referrals there, and I checked this opportunity. 80% of commissions and 4% of the tokens bought by your referrals, that can be good for passive income.

There are a lot of stocks, indices, crypto, and fiat instruments, and I want to trade Amazon and Disney shares, as I see, they are rising, so it will be easy to get money with them

[Anonymous No.29234228]

if the internet is gone, there's going to be bigger things to worry about. good luck walking down the street happily exchanging goods for silver and gold. shit's FUBAR at that point

[Anonymous No.29234259]

>>29232715
>deenz
I'm in. Which exchange?

[Anonymous No.29234295]

>>29226623
>once the internet is gone
>this inter net thing is just a fad, fax and telegrams are the future
actual retard

[Anonymous No.29234319]

>>29234259

[Anonymous No.29234432]

>>29226623
>Once the internet is gone
He knows to much

[Anonymous No.29234433]

>>29234093
dude be stupid somewhere else. the climate is changing and it's changing faster than what the geological records show from the past. these are facts. we are still trying to figure out if mankind had a hand in it but sure as hell shouldn't be irresponsible about it.

being able to terraform our own planet and keep it habitable is a huge deal. going full retard and turning it to a desert is not so much. how about we keep a level head? regulate the co2 emission so that the current biodiversity remains because it suits us and we like it.

[Anonymous No.29234480]

>>29226623
>If the world faces an apocalyptic scenario then your internet coins will be worthless!

I think we'll have bigger problems to face than just not having money.

[Anonymous No.29234560]

>>29234433
Maybe because every attempt at "regulating co2" turns into forcing the first world to pay niggers, chinks, and pajeets money.

[Anonymous No.29234799]

>>29234560
Why would kikes want to divert money to minorities that aren't them? Surely kikes would be the ones setting up eco industries to profit from the climate FOMO

[Anonymous No.29234885]

The internet will only go down in some sort of world war scenario.

That's closer than it has been for many decades but still unlikely.

If it does happen, we'll all be dead anyway so no need to close out trades.

Keep buying lads.

[Anonymous No.29235094]

>>29234560
yeah there are several problems about the carbon emission regulation. it's still a human problem that can be dealt with fairly. we just keep trying until we get it right.

[Anonymous No.29235153]

>>29226623
https://youtu.be/EvJLyF-3fCE
https://gematriaeffect.news/bitcoins-market-value-tops-1-trillion-45-days-before-satoshi-nakamotos-46th-birthday-february-19-2021-and-why-february-20-2021-should-be-interesting/

[Anonymous No.29235189]

>>29234480
>Doesn't know about the Carrington event
You should look up the Carrington event.

[Anonymous No.29235212]

>>29226623
>Peter Schiff may be a retard but he's right about cryptos
It's exactly the opposite. Peter is wrong about cryptos but about deficit spending, the dollar's collapse, the fed, gold standard he is 100% correct.

[Anonymous No.29235258]

>>29234480
indeed. for example hordes of marauders with technicals makeshift armored cars and rogue militias with firepower way outmatching yours roaming the country and raping and pillaging with impunity.

that will be one nasty problem.

[Anonymous No.29235427]

>>29235189
it's funny tho fiber optics will be completely unaffected by a solar flare and the electronic equipment involved can be hardened against emp quiet easily. temporary blackouts are expected the power grid can even suffer a great deal of damage on half the planet.

[Anonymous No.29236499]

>>29233839
There is no global warming. A global cooling is much more likely to occur.

[Anonymous No.29236611]

>>29234004
>Yeah and if your country falls under a dictature you can lose your land or physical asset as well.
>Your wealth always depends on the society your living in.
The problem is that the government is the internet and they need the internet to maintain their gay ass society.

[Anonymous No.29237868]

>>29234560
Carbon credits are doing a good job imo, it's still a "new" thing but we should see more adoption over the years

[Anonymous No.29237918]

>>29226623
Internet is pretty retarded desu, life would be better without it
>no porn
>no social media narcissism
>no dating apps

[Anonymous No.29238074]

Craig created gold .
Schiff only stole the name.
Craig gold SV is now patent and will go into a super cyclon.
It will moon because he patent it.

[Anonymous No.29238166]

>>29226623
>Once the internet is gone

[Anonymous No.29238582]

>>29226623
> thinks an email saying you have gold is the same as having gold like Peter shiff

[Anonymous No.29238800]

>>29228983
are you retarded? gold and silver wouldn't be worth anything in that scenario either, if you're a survivalist nutjob then the only commodities you should be investing in are canned beans and bullets

[Anonymous No.29239636]

>>29226623
>Once the internet is gone

Christ.

[Anonymous No.29239703]

>be 2050 something
>working on Serbian methane plains
>need to store wealth
>ask xer and zer what they did to store their money
>tell me they used Bitcoin
>look at Bitcoin, wonder why they used such outdated crypto when there's so many other options with utility
>even Gold and Silver are better, having thousands years of history vs Bitcoins mere 40 years
Bitcoin only has a first mover advantage. It's novel for one generation, where it will then become a outdated concept.

[Anonymous No.29239992]

>>29237918
You're not wrong, but the world is now too heavily reliant on it for business applications. If we could roll back the social half of the internet to how it was in the early 90s while maintaining the high speed data transfers needed for private enterprises then it would be perfect.

[Anonymous No.29240049]

>>29235427
Question is, what happens to all of the blockchain ledgers?

[Anonymous No.29240129]

>>29226623
>Once the internet is gone
Huge bull flag right there. In fact the biggest bull flag for crypto I’ve ever seen

[Anonymous No.29240199]

>>29228983
>What is Starlink
There will be more than just Starlink before shtf.

[Anonymous No.29240305]

There are people in this thread, right now, who think they're going to make it without a single ounce of silver or a single share of Bayhorse.

[Anonymous No.29240535]

>>29226623
Lmao, yeah if you melt the silver and gold down into fucking bullets so that you can feebly return fire at the gangs of niggers who come to kill and eat you.

[Anonymous No.29240559]

>>29228983
Lmao if anything this is a use case for decentralized internet.

Web 3.0 will fix it. Do some research.

[Anonymous No.29241006]

>>29226623
>Once the internet is gone
We need to watch out for y2k!

[Anonymous No.29241165]

>>29226623
>Once the internet is gone

[Anonymous No.29241441]

>>29226623
internet gone is a cataclismic event, and then everything will be worthless, your bank accounts forfeit, your land would be confiscated, nationalized or invaded and nothing you can do about it, your gold could be worthless as well since who in their right minds would take some shiny bricks and give you food and commodities.

[Anonymous No.29242112]

>>29240199
See >>29233218

[Anonymous No.29242748]

Zoomers are retarded. The internet being kill would halt society for maybe one year or two while we revert back to pre internet days using old infrastructure that is still there i.e. telephone and power lines and pneumatic tubes

[Anonymous No.29242880]

In case shtf and electricity / the internet is completely gone there won't be anyone to stop people like me from robbing shiny rocks out of the cold dead hands of boomers.