lol
Lol
2023 $1000
KEK WHAT A BITCH
literal who
Who the fuck is he
a jew who manipulates retards in to buying shiny rocks by telling them that everything will collapse and shiet
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.
>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
not my magicrockarinos
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.
this
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.
>what is inflation
Pic face looks like a female bogdanoff.
Doesn't matter. He's salty that less people are interested in his gold bags.
LOL le 57-year old Doomer rock merchant
>store of value
>doesn't even keep up with inflation
>*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
2012 looks like brandon iron kek
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.
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?
zoom out zoomer
see
Whatever money you do not need now It’d suggest to put into bitcoin
Can't appreciate a good halving?
kek at this fucking pic
oof
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.
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.
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.
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.
>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.
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.
————BTCh coin Au
2017 $19000 $1170
2020 $8000 $1730
-$11000 +$560
Lurk more faggot