Making a strategic Bitcoin reserve by promoting a few of the gold US holds can be the “worst financial mistake,” says Peter Schiff, …
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Crypto BEATs the
SHEET OUT OF GOLD
Schiff are you alright??
Dont invite LOSER RELICS
Why don’t you talk about XRP???
Summary of Peter's. position. The government is corrupt and stealing our money but neither Doge or anyone else should try to fix the corruption and anyone who tries is stupid for even trying to end the corruption. AI and Robots are a reality but money will never be digital and we all should carry around bags of shiny rocks even though we have absolutely no idea how many shiny rocks actually exist MSTR is going bankrupt yet he's not shorting it The podcast is brought to you by a company that sells Gold. And Peter will happily sell you his gold even though he says it's the only future money. This guy is a clown. constant criticism of others with no plan of his own. He is an arrogant human who refuses to educate himself and has cost people that listen to him their future financial wellbeing . Absolutely pathetic
One thing Peter misses is that few people or organizations have the "reach" that Elon has with X. When he and Vivek find ridiculous waste,it will not only be a recommendation to the proper government oversight agencies; but also broadcast to the general public,who(if outraged enough)will pressure their representatives to support action to eliminate the waste. In short, there is the potential to overcome the lobbyist pressure with mass outrage at wasted tax dollars.
Schiff is impossible to listen to.
101K / BTC now Schiff!
Hmmm I think not buying it when it was $10 like Peter could have and missing out on 10,000x gains may have been the ultimate mistake in the history of mistakes 😂 If he’d invested 100k he’d have 1 Billion today. 😂 Imagine how he’s going to feel when it’s worth 1 million and eventually 10 million etc. 😂
Did you see the gold on Peter's wrists? His ring too! Haha. Mr. Schiff is packing!
With the huge advances in technology, someday ChatGDP or some other arm of the techy world, will crack the codes on the Bitcoin craze and overnight it will be worthless. Gold will always be there.
Legitimizing the 20 million bit coin at one hundred thousand per coin introduces twenty TRILLION. New dollars in to our economy. The result will be hyper inflation, economic collapse, loss of confidence in the US dollar , social unrest, and restructuring of the us financial system. If the U.S. converts gold reserves to bitcoin we legitimize it .
Friggin' A, Jeremy! Peter Schiff is Da Man! Having him on assures me listening. Great interview!
If Peter Schiff and Jim Rickards ever got in a debate, I think it would be worse than WW3.
Bitcoin can't be long term..the rewards for proof of work disappear to almost nothing. Massive transaction fees will prevail.
Selling Gold for Bitcoin a mistake?
12-8-2024
Gold – Bitcoin Returns
Gold annualized returns
2018 – 1.06%
2019 – +18.28%
2020 – +25.75%
2021 – +3.75%
2022 – +2.08%
2013 – +13.14%
Bitcoin
1 Month +28.43%
YTD + 437.55%
1 Year +563.89%
5 Years +2,444.00%
MicroStrategy *
1 Month +20.93%
YTD +452.58%
1 Year +58055%
5 Years +2,502.34%
No wonder there’s no interest in Gold. The United States should put a million Bitcoin on the Reserve next to Gold, or sell our Gold and replace it with Bitcoin as both Senator Lummis and President Trump have both suggested. When people interview Peter Schiff they need to bring both Gold, and Bitcoin returns to the interview. It would take you a whole two minutes to look it up,. And bring those numbers to the interview with them to the interview. Then let Peter explain. I wasn’t forced to buy bitcoin, I wasn’t forced to buy micro strategy, common sense, and a desire to improve my financial situation with all it took. Res Ipsa Loquitur, The thing speaks for itself.
* was the reversal caused by MSTR creating Bitcoin backed Bonds?
Peter Schiff not selling his gold to buy bitcoin was the worst decision. He has to live with that regret every day, and unfortunately refuses to learn or to admit that he’s wrong
trolling Schiff – priceless
I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.
I'm not slamming bitcoin et. Al. But gold and bitcoin are not similar, same or functionally overlapping. Putting money in one asset has its purpose the other has different reasoning. If you hold dollars it has even a different purpose. Compare gold, treasuries and bitcoin. How are they similar how are they different? If you are honest they have many differences. So one cant replace the other. Im not a peter schiff is god guy but he does say things that are useful. I dont agree with him on much but things like "I regret" I agree. In this buisness its missed oppurtunity that teaches the lesson. Regretting not buying , regretting not selling, and the reverse. Investing in 1986 in a fruit based stock and selling in 92 vs holding till today is full of regret but then again buying an internet book seller and not selling means i learned a lesson.
Press delete on the computer that starts the printer and Dispose of the crooks in the Fed & their puppet masters who are responsible = problem solved
so they sell their BTC to the govs, and buy up the gold, sounds like a great idea for the BTC whales
Selling gold for Bitcoin is the smartest decision ever.
the risk of buying bitcoin at $1 was too great to even consider.
Gold for Bitcoin is straight out of the WEF play book. Drop gold buy Bitcoin crash Bitcoin start new currency with gold you picked up for shiny bead Bitcoin. Who holds all the power ?
I would never trade my gold for garbage.
🦕,s don’t want their corrupt system taken away.
I'll give Schiff one thing on this subject. The logistic cost of holding gold is possibly worthwhile for the US government. It is not for the average person.
who knew selling real wealth for some bits on your PC is a bad idea?
Keep in mind that for every 1oz of gold these honest people sell at least 300oz of paper gold