Why wouldn't you listen to the voice of reason?
Why wouldn't you listen to the voice of reason?
The same fucking thing day after day without deviation since 2000. He will be right one day, after 11 straight years of being wrong.
I want to be there when people think about technological advances. Mere trading is just a wage job.
He's old and in some sense conservative.
Because Im not retarded. Have fun in Puerto Rico, Peter.
I dont """""invest"""" in cryptos either
The truth hurts. Enjoy your ride to zero losers.
Jokes on you. I am screencapping all of you dummies for the inevitable "remember when people actually payed for fake internet money" thread in the future.
This gold coin from 2,500 years ago has held its value (setting numismatics aside) through the ages. How much will your shitcoins be worth after 2,500 years??? Yeah, zero.
Meant to reply to
SAad!
You can be "right" for decades then be completely wiped out by the 2007 collapse. Inversely, you can be "wrong" for decades and but your bet is so good during the 2007 collapse that you walk away with billions. Schiff is already that guy who walked away with the winnings.
yeah that's why gold has been collapsing for the last 5 years
As i said, i dont speculate in meme coins. But goldbugs are pretty retarded aswell, betting on being wealthy when the world collapses
Gold is down about 28% from its highs 7 years ago but has grown consistently since bottoming out in Dec 2015. Ok.
How well are the cryptos doing in just the last year since January? Oh, what's that? They are DOWN on average 70% to 90%.
HMMMMMMMMMMMMMMMMMMM
Really makes you think.
How about stocks and real estate since bottoming? Oh yeah, it more than trippled. Keep your shiny rocks, be hapoy that youll have your insurance 'money'
THEY ARE RARE EARTH TRANSITION METALS
NOT MUH SHINY ROCKS
Please remember this post when gold drops to its long-term average of $500 in the future and you keep stacking, yelling "ITS GONNA PRESERVE ITS VALUE" while I've been making 15-20% each year and now living off dividends
Not posting the full picture.
i might ask you the same thing
Schiff didn't walk away with billions. His commodity picks went down in 2008 and 2009.
The only time he would have made some money was holding gold and silver from the rally of 2009 to 2011.
Gold bottomed out at $1050 and has been rising since
Dead cat bounce, there's no momentum to drive the prices upwards despite what various youtube moguls tell you. QE is over, rates are rising, growth is back, inflation is back at 2%
Dead cats don't bounce for 3 years
so whats the driver for price increase?
Yah I dont see metals being worth much in 2500 years either lol.
If I had listened to him for the last 10 years then I wouldn’t have gotten rich. That’s for sure.
delet this
What the fuck is the grey tee shirt, a crossed out airhorn?
Is he aligned with the "no-airhorns" party?
Have fun waiting until 4000 A.D then, when the next big thing replaces us.
He has a lot of great points against fiat. But he's biased as fuck about gold since his bags are full of it.
You can't be serious.
¯\_(ツ)_/¯
Poe's law in action